Mining stories

unkel · 09-12-2017 11:11PM

I'm on a fixed price electricity contract, so more efficient mining is not my concern. In fact with the very cold weather we have at the moment, quite the opposite

Thanks for the explanation though. I'm only a beginner in the world of cryptos and mining and you've opened my eyes to another dimension of it.

Both my miners have run for a full week 24/7 without crashing / dropping hash rates, so I'm very pleased with the stability. Mining 7 weeks now, but at this rate with the current ETH values, my hardware will be fully paid within the next 5 months, which is an incredible ROI for a low risk investment

h0neybadger · 10-12-2017 02:11AM

thunderdog wrote: »

My brother in law is running an Antminer S9 in the states. Reckons he is pulling in about 8 thousand dollars a year (profit). Obviously our electricity costs are higher here-I'm wondering does anyone have a similar setup here in Ireland and approx what the cost/benefit is.

Edit: He is currently just mining bitcoin

Attached is a rough estimate as to what he’s making.
Assuming .10c per KW as taken as the average American electricity cost.

In Ireland, it’s not that different when you consider night time rates.

Only real factors are heat and noise.
And sourcing them.... they’re expensive to buy with fast delivery. Waiting for Bitmain to ship can be 2 months or more.

Edit, can’t attach the photo.
It’s approx $799 a month at all current rates.

patnor1011 · 10-12-2017 10:16AM

manu2009 wrote: »

I've recently switched from Eth to Monero as Cryptonight uses a good bit less power than Ethash, my 5xRX570 rig uses only 520 watts now.

Electroneum has been a lot more profitable but I don't mine coins I don't believe in as I mine and hold but in your case it might work out better when your selling straight away.

Firstly you will save on electricity while also making more profit. It's only on Cryptopia so you would need to send it there and convert to BTC/LTC or Doge and then transfer to Kraken and convert to euro, it would be worth looking into even if only for the short term, the extra fees may offset the profits but have a look on whattomine to calculate the exact figures for your hardware/electricity rate.

I do not hop pools or coins too. I primarily mine XMR as I do believe it will go up more than it is now. For now, it makes more sense for me to mine ETN as I can mine roughly 2+ times more than XMR. I intend to sell it for BTC and then will buy XMR with that. That means I can have 5+ XMR mining ETN while mining XMR would get me just about 2-3XMR in the same timeframe.

Prezatch · 10-12-2017 11:45AM

What motherboards are people going with? Have read windows only supports 8 GPUs of a single brand ie. AMD so ideally an 8 GPU board would be great but most are only 6 or 13. Think I would be more interested in running windows than a linux based OS and I've read it's just easier also when it comes to tweaking

thunderdog · 10-12-2017 01:53PM

h0neybadger wrote: »

Attached is a rough estimate as to what he’s making.
Assuming .10c per KW as taken as the average American electricity cost.

In Ireland, it’s not that different when you consider night time rates.

Only real factors are heat and noise.
And sourcing them.... they’re expensive to buy with fast delivery. Waiting for Bitmain to ship can be 2 months or more.

Edit, can’t attach the photo.
It’s approx $799 a month at all current rates.

Cheers. Apart from bitmain, are there any other legitimate sites that you would recommend checking out for an Antminer S9?

Shauny2010 · 10-12-2017 03:42PM

Prezatch wrote: »

What motherboards are people going with? Have read windows only supports 8 GPUs of a single brand ie. AMD so ideally an 8 GPU board would be great but most are only 6 or 13. Think I would be more interested in running windows than a linux based OS and I've read it's just easier also when it comes to tweaking

I looked at this one, still might go for it as I am thinking about building a new mining rig over the Christmas

asrock-h81

I looked at this one on Amazon and elsewhere and to my surprise this Irish site is the cheapest!!

cnocbui · 10-12-2017 04:39PM

Nothing, apart from turf, is ever cheaper in Ireland.

https://www.caseking.de/en/asrock-h81-pro-btc-r2.0-intel-h81-mainboard-sockel-1150-mbar-203.html

Shauny2010 · 10-12-2017 05:02PM

cnocbui wrote: »

Nothing, apart from turf, is ever cheaper in Ireland.

Haha too true
Good ould high tech Irlande, pas de point

unkel · 10-12-2017 05:53PM

cnocbui wrote: »

Nothing, apart from turf, is ever cheaper in Ireland.

https://www.caseking.de/en/asrock-h81-pro-btc-r2.0-intel-h81-mainboard-sockel-1150-mbar-203.html

Cheaper from Amazon if you include shipping

SlowBlowin · 10-12-2017 06:08PM

I started mining litecoin in 2014. Originally I did it as a way to use up the waste solar from my PV. It made sense as my off gird house in kerry often generated too much electricity and with no grid I need to make use of it, mining generated both heat and coins.

I now have over a thousand LTC, and I am quite happy with my choice, however.....

If i had my time again I would invest the money I put into hardware by buying the coins. When I started LTC was about 3.70 and I invested about 3K in hardware. If I had just invested in the coin it would not have been much different, I cant believe mining is more profitable these days than it was a few years ago ?

SB

h0neybadger · 11-12-2017 04:09AM

thunderdog wrote: »

Cheers. Apart from bitmain, are there any other legitimate sites that you would recommend checking out for an Antminer S9?

Canaan. Their Avalon range is amazing.

Copper_pipe · 11-12-2017 09:08AM

Anyone have any experience with HashFlare?

Should I avoid ?

patnor1011 · 11-12-2017 12:43PM

I try to avoid cloud mining. The short definition of cloud mining is that you pay someone to buy hardware then they mine coins with it, deduct maintenance fees from mined reward, keep a healthy profit for themselves and you get what is left. At the end of the day, they will have the equipment, covered maintenance and profit all paid for by yourself.
Not to mention that many companies offering cloud does not have a single machine and are just resellers at most. A worse scenario is that some of them - mainly those who offer unrealistic ROI are an outright scam - ponzi.
One recent ponzi was sierrahash which offered 10% a day return. They folded up after just 15 days. It is day 26 yet people are still sending money in. That makes you think like "WTF???"

Hashflare does not tell you what is a daily return on the power you want to buy so that means it can be anything and they tell you that only after you buy it. I also could not find anything about maintenance fees...
Another one is minergate. Their contract is supposedly lifetime so the return is so small you will have to wait 1 year just to get initial investment back and pray that fees will not get higher than return as that cancel your contract.

I would stay away from cloud mining.

manu2009 · 11-12-2017 03:31PM

patnor1011 wrote: »

I do not hop pools or coins too. I primarily mine XMR as I do believe it will go up more than it is now. For now, it makes more sense for me to mine ETN as I can mine roughly 2+ times more than XMR. I intend to sell it for BTC and then will buy XMR with that. That means I can have 5+ XMR mining ETN while mining XMR would get me just about 2-3XMR in the same timeframe.

Thanks for the info, when I checked ETN a couple of days back it was only a bit over 1 usd a day in the difference but with todays price increase its now 5 usd a day more profitable than Monero for my hardware.

I also seen that Nanopool now support it and you can use your Cryptopia address (but it's not recommended) for payments so i'm going to test this once I get my next Monero payout.

cryptomines · 11-12-2017 06:43PM

Prezatch wrote: »

What motherboards are people going with? Have read windows only supports 8 GPUs of a single brand ie. AMD so ideally an 8 GPU board would be great but most are only 6 or 13. Think I would be more interested in running windows than a linux based OS and I've read it's just easier also when it comes to tweaking

Since the Windows fall creators update couple with the latest AMD/Nvdia drivers, you can get 13 AMD cards on one board and 19 Nvidia all under Windows 10. I run two rigs of 13 RX580s on Windows, waiting to add 6 P100 cards to them to bring each up to 19.

unkel · 12-12-2017 02:18AM

cryptomines wrote: »

I'm up to 6 rigs now and over 50 cards

cryptomines wrote: »

I run two rigs of 13 RX580s on Windows

LOL, that's some change in the space of a week! I'm the same, was just finding a cozy position with a silent rig in the living room and a slightly more noisy rig in the conservatory. Your swing seems to be a bit more extreme though? From 6 more conventional size rigs to 2 rigs of 13 cards? What did you do with your other 24 cards, sell them?

wannabecraig · 13-12-2017 02:07PM

I have one of these, anybody know what I can do with it from a mining POV?
https://www.asus.com/us/Motherboards/P6T_Deluxe/

I also have several of these: http://www.matrox.com/graphics/en/products/graphics_cards/m_series/m9140lppciex16/

I know the cards are quite low powered but would it be a complete waste, consider all kit is free. I can also invest in cards if the board is good enough.

unkel · 13-12-2017 02:34PM

Motherboard is fine. You can use 4 gpus with that. But the ones in your link are useless. Perhaps there is still something out there that they can mine, but it's likely your electricity would cost more. But you could buy a cheap second hand card like a R9 290 4GB for a bit over €100 on adverts and start playing with mining

ETH has just gone over €580 :eek: when I did my sums, I based them on an average value of just €250, so mining is going well

Shauny2010 · 13-12-2017 03:41PM

Anyone mining Litecoin. I was originally going to get a few Antminer S9s but with the price of Litecoin after surging is their now more to be made out of mining Litecoin.
I am thinking of ordering some Antminer L3's

bitmain shop linky

cryptomines · 13-12-2017 04:46PM

unkel wrote: »

LOL, that's some change in the space of a week! I'm the same, was just finding a cozy position with a silent rig in the living room and a slightly more noisy rig in the conservatory. Your swing seems to be a bit more extreme though? From 6 more conventional size rigs to 2 rigs of 13 cards? What did you do with your other 24 cards, sell them?

I have 2 rigs of 13 RX580 AMD Cards, 1 rig of 10 RX580/RX570s, 1 rig of 9 1070s, 1 rig of 3 1070s and 6 1060s and then my PC with 2 1070s.

So overall running 56 Cards with 2 more 570s that have arrived today in Parcel Motel and 12 P106s on the way that I ordered on Monday now that I'm happy I won't set fire to the house by pulling to much lecky!!

cryptomines · 13-12-2017 05:05PM

unkel wrote: »

Motherboard is fine. You can use 4 gpus with that. But the ones in your link are useless. Perhaps there is still something out there that they can mine, but it's likely your electricity would cost more. But you could buy a cheap second hand card like a R9 290 4GB for a bit over €100 on adverts and start playing with mining

You may be able to push a few extra GPUs with a PCIE Extender also, most boards can handle 6... I use these on my TB85 Boards to extend them to 9 - amazon.co.uk/gp/product/B075QCSRYY/ref=oh_aui_detailpage_o05_s00?ie=UTF8&psc=1

As Unkel said, those cards won't really mine anything current I'm afraid... But you have the rest of the setup to get started with some cards, you can pick up RX570s for sub £200 on Amazon at the moment.

unkel wrote: »

ETH has just gone over €580 :eek: when I did my sums, I based them on an average value of just €250, so mining is going well

Pushed past €600 now... I'm currently pulling in about .21 per day with my rigs which will go to about .25 when I add the P106s so one every 4 days

But now the price has mooned we will likely see a huge amount of miners move over to ETH so I expect that to half in the next few months...

wannabecraig · 13-12-2017 05:47PM

unkel wrote: »

Motherboard is fine. You can use 4 gpus with that. But the ones in your link are useless. Perhaps there is still something out there that they can mine, but it's likely your electricity would cost more. But you could buy a cheap second hand card like a R9 290 4GB for a bit over €100 on adverts and start playing with mining

What's the mins spec' and what am I looking for in a graphics card?
Is the Memory Size?

Also, with the board I have, I can't have 4 cards as the heat-sink seems to cover the small pin one (PCI 2 I think)
I think I'll have issues with the fans too and there is no space between the bottom two slots.

wannabecraig · 13-12-2017 06:45PM

cryptomines wrote: »

You may be able to push a few extra GPUs with a PCIE Extender also, most boards can handle 6... I use these on my TB85 Boards to extend them to 9 - amazon.co.uk/gp/product/B075QCSRYY/ref=oh_aui_detailpage_o05_s00?ie=UTF8&psc=1

As Unkel said, those cards won't really mine anything current I'm afraid... But you have the rest of the setup to get started with some cards, you can pick up RX570s for sub £200 on Amazon at the moment.

Thanks, what about this for a 1 to 4 extender, this included the slots too?

https://www.amazon.co.uk/dp/B075DD6LX2/ref=pd_luc_rh_sbs_02_03_t_img_lh?_encoding=UTF8&psc=1

Also, would this be any use to start or am I better off with a 4Gb
https://www.adverts.ie/graphics-cards/evga-geforce-gtx-750-ti-superclocked-2gb-gddr5-128bit-dual-link-dvi-i-hdmi-dp/14414717

Prezatch · 14-12-2017 12:14PM

Since the Windows fall creators update couple with the latest AMD/Nvdia drivers, you can get 13 AMD cards on one board and 19 Nvidia all under Windows 10. I run two rigs of 13 RX580s on Windows, waiting to add 6 P100 cards to them to bring each up to 19.

Very interesting, thanks for the info. I've been toying with the idea of 8 gpu's on an Asus 270 but using a 13 gpu setup with the AS Rock h110 is a good choice if there is new driver support. Do you have to monitor/tweak this much regularly? I would be placing the rig in a remote location using Remote Desktop to check on it. Also, what's the power supply setup like? Was thinking a 1000w primary with 4 cards + mobo, one secondary 1000w on 5 cards and an 850w on 4 cards using a triple PSU cable

wannabecraig · 14-12-2017 02:53PM

Is mining software safe to download or are there issues with some files.
I downloaded a bitcoin miner (CGMiner) to start messing about with and I get a warning from my AV - Trojan.Gen.NPE
Downloaded from here: http://cryptomining-blog.com/tag/cgminer-3-7-2-windows-download/

cryptomines · 14-12-2017 10:02PM

Prezatch wrote: »

Very interesting, thanks for the info. I've been toying with the idea of 8 gpu's on an Asus 270 but using a 13 gpu setup with the AS Rock h110 is a good choice if there is new driver support. Do you have to monitor/tweak this much regularly? I would be placing the rig in a remote location using Remote Desktop to check on it. Also, what's the power supply setup like? Was thinking a 1000w primary with 4 cards + mobo, one secondary 1000w on 5 cards and an 850w on 4 cards using a triple PSU cable

Honestly, my rigs with AMD cards never give me any issues, they just hum away... my Nvidia rigs tend to have driver hangs every few days or so but I wrote my own monitoring scripts that restart my rigs using TP-Link HS110 WiFi plugs if they don't phone home for over 90 seconds (set to phone home to my mac mini server every 30 secs).

For the rigs with 13 right now, I am running a main EVGA 1200w Platinum for the board and first 7 cards and an EVGA GQ 1000w for the other 6 cards. I then have an EVGA GQ 750w ready for the 6 P106 cards as they only consume about 75w each.

unkel · 14-12-2017 10:24PM

I bet you have to open windows on even the coldest day of the year

patnor1011 · 14-12-2017 11:34PM

cryptomines wrote: »

Honestly, my rigs with AMD cards never give me any issues, they just hum away... my Nvidia rigs tend to have driver hangs every few days or so but I wrote my own monitoring scripts that restart my rigs using TP-Link HS110 WiFi plugs if they don't phone home for over 90 seconds (set to phone home to my mac mini server every 30 secs).

For the rigs with 13 right now, I am running a main EVGA 1200w Platinum for the board and first 7 cards and an EVGA GQ 1000w for the other 6 cards. I then have an EVGA GQ 750w ready for the 6 P106 cards as they only consume about 75w each.

Hi, would you mind to tell me how much is P106 and if they can mine cryptonight coins like xmr, etn? Do you know what hashrate they can do?

cryptomines · 16-12-2017 12:28PM

patnor1011 wrote: »

Hi, would you mind to tell me how much is P106 and if they can mine cryptonight coins like xmr, etn? Do you know what hashrate they can do?

Hi There,

I get them from a seller on the Ethereum Mining Facebook group, he sells to many people in Europe. He is based out of Taiwan and charges between $285 and $290 for them. Shipping is a flat $100 for up to 12 cards (also $100 for 1 card so better to buy a few).

They are essentially GTX 1060 6GB cards just with no IO ports with better fan/cooling specific to mining. They do about 25-26MH on ETH, run at about 75w and run very cool, mostly under 60C.

They run about 430H on CryptoNight (XMR, ETN). Honestly, if you are not going to use the Mining Expert Boards, you could probably get standard 1060 6GB cards for cheaper and have decent resale value as they have IO that gamers can use, but if you are looking to max out an Expert board, you need at least 6 of them.

cryptomines · 16-12-2017 12:30PM

unkel wrote: »

I bet you have to open windows on even the coldest day of the year

The house is like Copa Cabana!!

My wife loves it, but yeah, we pretty much have windows open 24/7 upstairs and I can't sit downstairs for more than an hour or so without cracking one open too! On the plus side, our gas bill has fallen from 160 a month this time last year to 15 a month now which is just to heat the water!

Mining stories

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