Cryptocurrencies

What cryptocurrencies do you use/own?

  • Bitcoin (XBT)

    Votes: 30 27.8%

  • Ether (ETH)

    Votes: 16 14.8%

  • Litecoin (LTC)

    Votes: 15 13.9%

  • Peercoin (PPC)

    Votes: 0 0.0%

  • Dash (DASH)

    Votes: 3 2.8%

  • Dogecoin (XDG)

    Votes: 4 3.7%

  • Blackcoin (BLK)

    Votes: 0 0.0%

  • Zcash (ZEC)

    Votes: 3 2.8%

  • Other

    Votes: 14 13.0%

  • None

    Votes: 69 63.9%
  • Total voters
    108
Unfortunately it doesn't look like you can buy an RX 580 for a reasonable price right now. Newegg lists 17 RX 580 cards if you filter it out. Only 2 are available the rest are out of stock. The two that they do have are $662 and $799. :(
 
After watching my single card rig run for 4 days now, I'd wager that it would be tough to cool dual cards in a regular OEM (in my case Dell Vostro) case. My GTX1060 runs at a pretty constant 72C, which is pretty hot. I can definitely feel that corner of the shop is warmer because of it. Also, for some reason earlier today, the temp spiked to 90C. I powered off the unit and let it cool down, then after finding nothing amiss mechanically, booted it back up again - it went right back to 72C - I hope that's not something I need to watch out for.

Anyway, if I were going to run dual cards in a single case, I'd make sure it was a full-sized tower and had some extra fans.
 
After approximately one entire week of mining I've earned .00952114 BTC or $25.93.

I'm using my GTX 1060 6GB card in my Windows 10 desktop. It's a secondary machine that I use here and there and for some gaming with UT2004 and now a little Overwatch. So, the machine is left on 24/7 anyway. I started mining with NiceHash last Tuesday night around 11:00 PM, so it's be almost exactly one week. The PC hasn't been shut down at all. But, I did stop the mining while I played Overwatch on two occasions, so probably about three hours total where it wasn't mining.

miningstats1.png


miningpayout1.png
 
I noticed that it's using way more power tonight than it did when I started last week. I recall power was hovering around 70W. Now it's at 108W.

wattage1.png


Maybe because:
a) it's a different algorithm
b) I didn't benchmark or launch the same way after stopping it to play a game
c) system is getting hotter
d) none of the above
 
timeshifter said:
Unfortunately it doesn't look like you can buy an RX 580 for a reasonable price right now. Newegg lists 17 RX 580 cards if you filter it out. Only 2 are available the rest are out of stock. The two that they do have are $662 and $799. :(
Click to expand...
Im probably confusing models one I am thinking I saw only a few days ago for ~$100-$150
 
HCHTech said:
@timeshifter , Which wallet did you end up with? I almost went with the Nicehash deal, but honestly couldn't decide so ended up throwing a dart and choosing Jaxx. All your eggs in one basket and all that...
Click to expand...
I'm using a Coinbase wallet. I think the Bitcoin is actually theirs as mentioned previously.

I'm reading Blockchain for Dummies. The other night I followed their simple instructions and set up a couple of wallets. They have you setup a Coinbase (which I already had) then I setup one on blockchain.info and another one on http://bitcoinvanitygen.com/ I think I setup another one on some random site too.

The exercise involved transferring some BTC from one wallet to the other. I noticed that the transaction fee was $2.28 :eek:
 
HCHTech said:
Yeah, no doubt the best way, but you give up using a normal case for that - and so the dominoes begin falling. :D
Click to expand...
I think you could still use the case you have - it would just look like sh!t and be hazardous to have cards laying around like that, but otherwise OK ... ;)
 
Just checked I was thinking of the RX 460 it is half the cost of the RX 580 so thinking 1 or 2 of the RX 460, which are available and reasonably priced, would give you a budget friendly entry into this.
 
timeshifter said:
The exercise involved transferring some BTC from one wallet to the other. I noticed that the transaction fee was $2.28 :eek:
Click to expand...

Yes - that's the other thing - everybody gets a cut. When figuring out your "profit", you have to account for the fees related to actually using any of that money. There is a youtube video I saw of a young woman trying to "live" on Bitcoin for a week in New York. The extra cost for the BC transaction compared to cash was extraordinary.
 
Hey guys, I'll also be doing this. Building a rig to get it done, and it will be caseless/open air. My last couple of parts just came in yesterday evening. I'm hoping to get it built today after doing some calls... we'll see. Parts are...

  • MSI Z270 Gaming M5 (6 PCIe, eventually I will be doing the 6 cards...)
  • Celeron G3900 CPU
  • 4GB Kingston Value RAM
  • Samsung 840 EVO 250GB (Had it laying around from my old machine)
  • 2 x EVGA 1070 Superclocked
  • Corsair HX1200i
Probably will use NiceHash as well? Not sure yet. I'll post later with results.
 
Blues said:
Just checked I was thinking of the RX 460 it is half the cost of the RX 580 so thinking 1 or 2 of the RX 460, which are available and reasonably priced, would give you a budget friendly entry into this.
Click to expand...

https://www.nicehash.com/index.jsp?p=calc

Looks like whatever card you buy works out to be a factor of about 100x. i.e. if a card makes $8 per day then it costs $800 like a 1080 Ti.

NiceHash_2017-06-21_10-15-04.png

The 570 doesn't count right now as it appears to be sold out and only available at a premium.
 
HCHTech said:
@timeshifter , Which wallet did you end up with? I almost went with the Nicehash deal, but honestly couldn't decide so ended up throwing a dart and choosing Jaxx. All your eggs in one basket and all that...
Click to expand...

If you start to accumulate a lot of Bitcoin, I'd recommend spreading your funds across different wallets. I haven't used Jaxx myself (yet), but I believe it's one of the better wallets. Armory is a good 'full-node' wallet for creating 'paper backups' and holding larger amounts. Being a full-node wallet though it can take a looooong time to sync since it downloads and verifies the entire blockchain. Electrum is another good, fast desktop wallet for holding smaller amounts and Mycelium is a good mobile wallet.

Just don't use online accounts or hold more funds on exchanges than you can afford to lose.

To quote Andreas Antanopoulos: "Your keys, your money. Not your keys, not your money". Any good wallets should put you in charge of your own private keys.
 
timeshifter said:
https://www.nicehash.com/index.jsp?p=calc

Looks like whatever card you buy works out to be a factor of about 100x. i.e. if a card makes $8 per day then it costs $800 like a 1080 Ti.

NiceHash_2017-06-21_10-15-04.png

The 570 doesn't count right now as it appears to be sold out and only available at a premium.
Click to expand...
I know what your saying but I'm just talking about a cheap introductory system that would still be profitable and is actually reasonably available. If you have 2 cards in a used system like I mentioned your cost is under $400 and a quick ROI with an investment less than just the video card of the bigger systems. Would be a jumping off point to grow from as it runs and generates money you turn around and get another or a new system with upgraded parts and at it to your network and you have 2 working for you.
 
It is very interesting. I've been trying to figure out how many units I could run in my home. Today I talked to someone from the local electric company about upgrading my service. My house is about 30 years old and has a 100 amp service. We were already planning on upgrading to 200 amp somewhere down the road when we finish the basement.

What I learned is that I could easily upgrade to 400 amp service :eek:

The power company doesn't charge any extra for 400 vs 200. They'll run the feed line either way. I do have to have a licensed electrician pull the permit and handle everything. There's a chance they may need to install a new transformer (at their cost). Only downside to that is some of my neighbors would be without power for a few hours while that was happening.

Of course a 400 amp panel and the wiring and other things that go along with it might cost more, but it doesn't seem like it would be significantly more to go from 100 to 400 than it would be going from 100 to 200.

Wonder how many GTX 1080 Ti cards I could run on 400 amps?
 
timeshifter said:
Wonder how many GTX 1080 Ti cards I could run on 400 amps?
Click to expand...
I was going to say that 100 amps should be more than enough -- most domestic single-phase feeds here are 100 amps too -- but then I remembered you're on about half the supply voltage over there (something like 120 volts isn't it?). We're on 240 volts (ish) here so 100 amps equates to about 24 kW. The 1080 Ti mines at about 150W at its optimum setting I believe (haven't actually metered one yet) so, allowing for motherboards, etc, taking an average of about 200W per card, that equates to roughly 120 cards on our 24 kW supply or 60 cards on your 12kW supply. Allowing for some power for lighting, appliances, etc, I suppose figures of about 100 cards and 50 cards respectively might be more realistic.

At 400 amp (120 volts), you'd be able to run more than 200 cards. Taking a conservative estimate of about 3mBTC per card per day, that's 0.6 BTC per day, or about $45,000 per month. You'd probably also be able heat the entire neighbourhood!
 
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