Mining

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Altima
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Mining

Postby Altima » Sun Dec 03, 2017

So finally I decided to take the plunge and try my hand at mining. Wondering if there's anyone here who is already mining.

Trying to build a rig following these specs as part of a home project :lol:

https://blockoperations.com/how-to-buil ... -gtx-1070/
"Two things define you. Your patience when you have nothing, and your attitude when you have everything."

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joefro
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Re: Mining

Postby joefro » Sun Dec 10, 2017

What are you going to mine? I looked into making an ETH rig, but calculated it would take about 14 months for the rig to pay for itself, assuming the current price of ETH. Was a little too long for me to take the plunge.

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MileHighSilver
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Re: Mining

Postby MileHighSilver » Sun Dec 10, 2017

Altima wrote:So finally I decided to take the plunge and try my hand at mining. Wondering if there's anyone here who is already mining.

Trying to build a rig following these specs as part of a home project :lol:

https://blockoperations.com/how-to-buil ... -gtx-1070/



Don't overlook the cost of electricity, The power consumption is pretty high
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cmiller17363
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Re: Mining

Postby cmiller17363 » Sun Dec 17, 2017

Debating on setting up an Antminer s9 for bitcoin....
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Brick's
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Re: Mining

Postby Brick's » Mon Dec 18, 2017

I think if I were a youngster in college, I'd build/buy an Uberlaptop that I'd keep plugged in while using in class, the library, dorm, cafeteria, etc. and set it to mining cryptocurrencies. If anyone asked, "my batteries are low". Wonder if I'd need a custom heat sink? Have they fixed that problem with laptops? I'm so behind the times. 4 or 5 years of 24/7 mining using the electricity I'm paying for with my tuition I think would result in a nice stack of crypto.

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blackkramer
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Re: Mining

Postby blackkramer » Mon Dec 18, 2017

I Just turned my PC into mining a few days ago. Using a GTX1070 to get the job done. Overclocking the card I will be getting like 0.11 ETH per month.

I am using Claymore and dual mining SIA coins. I will get about 500 SIA (which are currently worthless) per month.

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joefro
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Re: Mining

Postby joefro » Mon Dec 18, 2017

I also mined ETH with my home PC on a 1070 for a while. Are you mining solo or in a pool? If a pool, what pool did you go with?

cmiller17363
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Re: Mining

Postby cmiller17363 » Mon Dec 18, 2017

Side note. For anyone interested in dabbling in mining without investing an arm and a leg, the futurebit moonlander 2 is a 3-5mh/s usb miner that costs 64 bucks . It mines any coin using scrypt.
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blackkramer
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Re: Mining

Postby blackkramer » Tue Dec 19, 2017

I am mining using Claymore. ETH is on ethermine.

Dual mining siacoin as well using nanopool for them

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blackkramer
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Re: Mining

Postby blackkramer » Tue Dec 19, 2017

Got any more information on that moonlander 2? Looks like about a 1 year payout on that thing at current rates.

Could be interesting just to mine a few litecoins for future growth in the coin.

Could I buy like 6 of those and just stick them all over my pc?

cmiller17363
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Re: Mining

Postby cmiller17363 » Tue Dec 19, 2017

https://bitcointalk.org/index.php?topic=2420357.0

Thats the best support thread i have found. I plan to run 2 on a Raspberry Pi. I may expand if they work well and are stable. You could stick them all over your computer but it is hard to make them stable because they draw 2+ amps at higher hash rates and tend to shut down if they dont have enough power. Most people buy a powered usb hub and let that supply the power. Then plug that into their computer. I ordered mine on eyeboot. :thumbup:
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cmiller17363
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Re: Mining

Postby cmiller17363 » Sat Feb 03, 2018

Because I know you all are just DYING to know, I got my two moonlanders today. So far I have managed to get them both running. It was actually pretty easy. They are stable so far (around an hour runtime) and I have already started bumping up the frequency. I can't resist hah. Currently, the two sticks are managing a combined hashrate of around 8.9 Mh/s. I could get more out of them, but I would need external cooling and that would defeat the purpose for me since a fan draws more power. They are already pretty toasty. I bought them more or less for fun and also to support the litecoin network (albeit in a small way).
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blackkramer
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Re: Mining

Postby blackkramer » Mon Feb 05, 2018

Thanks for the update ccmiller!

I have upgraded my mining capabilities. I purchased an old (2008) XPS system and put 3x GTX1050TI cards in it, which are running claymore and mining ETH.

I also built an open air mining frame and added a few cards to that. I got 3 used GTX970 cards which are mining alt coins. I either pay myself in BTC or XVG. I also have 2x GTX1050ti cards in their mining for ETH as well. I actually had another GTX970 card which I paid $200 for, and literally sold the next day for $265.

My main computer I purchased a used GTX1070 GPU (now have 2 in it) for a smoking good price, like a week before GPU prices went through the roof. This one I can mine anything from XVG, ETH or BTC. I alternate between XVG and BTC mostly. I have 3 different mining programs that I can run depending on how I feel.

Based on all my costs it should take 8 months to pay this all off, and then I have all the hardware still. I purchased all the GTX1050ti cards new and put 4 years of IPR on them. The plan is to sell them after 1-2 years of mining, risk free to the new buyer due to the Instant Product Replacement.

In a year or so I want to sell a few of these GPU's, cash in some coins, and upgrade "for free" to the latest and greatest GPU.

cmiller17363
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Re: Mining

Postby cmiller17363 » Mon Feb 05, 2018

Nice! I wouldnt mind building a gpu rig and mining vertcoin with it. I have a bit of a thing for vertcoin, I like the community.
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silverpv
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Re: Mining

Postby silverpv » Mon Feb 05, 2018

i cashed out of my cloud mining contract. pool.bitcoin.com paused their lifetime contracts because of China mining ban. I was offered a refund and didn't take it until now. I was at least able to get .68 bch and .07 btc that i paid $745 for .25 btc. holding would've been better, BUT now that i've cashed it. i got .82 bch for a total of 1.5 bch and .07 btc. It was taking way too long and I've had this contract since august. So 4 months didn't net me the same as the refund with the screwy difficulty AND they don't plan on bringing up mining until April so the refund was the best option. I sold my video cards for eth mining. Too hot but that was very profitable at the time, not sure about now.

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jcz1
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Re: Mining

Postby jcz1 » Tue Feb 06, 2018

I'm sure this is a sign of something, though what exactly I don't know...

Ebay occasionally sends sellers an emails suggesting things to sell. This email came today:

List these items in the Virtual Currency Miner category:
Product Price Recommendation
Antminer S9 $4500 - $6000 or more
Antminer D3 $1000 - $1500
Antminer L3 $3500 - $5000 or more
Antminer S7 $1050 - $2500
Ledger Nano S Wallet $99 - $250
Dissenting voices have been silenced. BS is now a safe space.
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cmiller17363
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Re: Mining

Postby cmiller17363 » Tue Feb 06, 2018

jcz1 wrote:I'm sure this is a sign of something, though what exactly I don't know...

Ebay occasionally sends sellers an emails suggesting things to sell. This email came today:

List these items in the Virtual Currency Miner category:
Product Price Recommendation
Antminer S9 $4500 - $6000 or more
Antminer D3 $1000 - $1500
Antminer L3 $3500 - $5000 or more
Antminer S7 $1050 - $2500
Ledger Nano S Wallet $99 - $250

It's a sign that people are gouging the crap out of prices for mining equipment. My moonlandet was 64 bucks direct and they're selling at 135+ online.
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joefro
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Re: Mining

Postby joefro » Tue Feb 06, 2018

I build mining rigs of 2x, 4x, or 6x GTX 1070 GPUs and sell them on Craigslist to people. I can beat my Craigslist prices for BS members. If you’re interested just shoot me a PM.

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blackkramer
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Re: Mining

Postby blackkramer » Tue Feb 06, 2018

Joe, how are you getting 1070 cards??? These things are sold out everywhere!

In other news, I am picking up another GTX970 tonight for $200 and selling a poor performer for $230 as well ($30 more than I paid for it)

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joefro
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Re: Mining

Postby joefro » Tue Feb 06, 2018

Haha, if I let that secret out I wouldn't have anymore business. I've been able to acquire about 10-15 per week for the last few weeks. Just sold a rig to a guy in a Wal Mart parking lot for 50 LTC this evening. 8-)


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