Bitcoin mining rig reddit. Mining energy is ultimately expended as heat.
Bitcoin mining rig reddit For years the narrative that has been pushed regarding Bitcoin mining is that it’s a fool’s game, better left to the professional mining farms and big players due to shrinking profitability. Ethermine Business, Economics, and Finance. People rent out mining rigs when they don't want to make a large investment in Bitcoin Mining. true. If I wanted a 4090 I’d have bought one not like they are hard to find post mining. You cannot mine bitcoin with a computer. The cost of an ASIC starts from around $1300. Plan for this bull run to end. House on it's own is about £10 a week, then with mining, it's an extra £30 on top each week. I suggest to not spend any more fiat on the mining setup you describe. Energy Efficiency: Choose the models that offer the minimum electricity for every TH/s, to eliminate high costs of electricity bills that deplete profits. If you mine at home you can reasonably discount your mining against your heating costs, especially if you normally heat your home with electricity and use a thermostat. I'm a long term outlook guy too, not looking to make a quick buck, maybe a 2 year ROI, but at that price, it would be 3 years before I break even. Mining is profitable, but not by a lot. Obviously I cannot take 4000W from a standard house outlet in US. So what are my options? If you want to hold another coin like Bitcoin, you can always use an exchange to roll over into BTC at a later date, or rent out your hashrate through a market place like nicehash or mining rig rentals. then go for a 20amp. 7 Years Yeahh, I've seen a couple of mining videos and the rigs people have built. This means if you pay more than ~$0. Be sure to keep an eye on your rig's performance and monitor your earnings in the mining pool. Different types of mining rigs are categorized according to the type of chips they use. Mining energy is ultimately expended as heat. In pooled mining, you are paid out based on your shares when anyone finds a block, and remember on average it takes trillions of hashes to find a block. You would need atleast 1 gpu that is capable of mining the coin you want to mine, Or you would need an asic miner. Somebody has to be mining bitcoin and turning a profit somehow. This set up is mining a total of around $50 a month in a variety of cryptos while only using $4 of electricity in my area. It follows Bitcoin halving and price rise soon after. Due to efficiency concerns, many miners are upgrading to the latest mining rigs in anticipation of the upcoming Bitcoin halving. It has to be hosted since I live in a condo. There could be 1 or 2 contenders for spot number 2. Prefer new. * Members Online The official bitcoin mining forum / subreddit / chat room / place to be! to put a mining rig in my home, and I am currently traveling as well for a few months I've got 3x 3070's and 1x 1070 mining 24/7. Bitcoin is designed to produce 1 block every 10 minutes, whatever the global hash rate. So most phone "mining" is cloud based which means you have to press a button every now and then but you can still make it very profitable if done right or automate it(I went this route). your s19 consumes 3250+- 5% meaning 3. I am in no way a dedicated Miner. Active Mining. As such, it is more resistant to wild inflation and corrupt banks. Splitting up on eBay is likely the best option as many have mentioned. This is the home of the wedding photographer community on Reddit and the place for wedding photographers, second photographers, assistants, and those aspiring to be wedding photographers. You don't need any of that for a mining rig though. Compass seems good but only resale units available. NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. There are some grossly overpriced brand new rigs (even above scalper prices for components). The aggregate of market participants always make a non-negligible margin of over-corrections. If you want to get into mining, check out minerstat, look for available parts, buy used/eBay craigslist if you can. People told me I was starting too late when I started mining in August of last year. You wouldn’t recoup that 2k ever in that dorm room. org states, "volatile, experimental, and subject to price change at any time". Nobody in the industrial-mining space is using mineral oil or water for thermal management. 0155/month. A ton of overkill when you could be spendong less money on a frame and having more money for GPUs. Members Online Need advice on sustainability of gaming rig used for mining Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. BTC is down around $4-5K and I think a 4090 is probably earning around $1. Properly tuned your gpu has a hashrate of 95-100 (consumes about 240watts a hour) and eth mining pays about $6-8 per 100mhs. This is the Bitcoin mining subreddit so I assume you are only buying Bitcoin mining rigs and no other altcoin miners. The chip that powers your laptop. Mining. I've been doing this for 2 months. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. All you pay for is power however there's an option to reinvest your earned bitcoin to maximize your profits. Discussion of mining the cryptocurrency Ethereum. Equally, mining can be made easier by reducing the number of leading 0's. 03 to $0. I’ve been running a few solo miners on some old Optiplexs with Debian and XMRig to get my feet wet (definitely losing money this way). Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining. At 32kh/s you will make 0. I run my rig from the stone age in the morning for like 2-3 hours and in the evening for about the same time. It started doing to every 2-3 minutes at random. And things repeat, everyone interested in mining, low supply of GPUs and high prices Take Ethereum for instance. Some peoples setups make them dollars a day, while others seem to make upwards of 500 a day. Sometimes I mine by using my solar energy. The process of mining can be made more difficult, by increasing the number of leading 0's on the difficulty number. Ensure you have a budget that accommodates both the initial investment and ongoing expenses. 🤮 Good post. I’ve heard other services mentioned like Wattum, mining syndicate, etc. At this point its difficult to get started, I've been waiting over a month for two gpus. Indeed, the break-even price for operating an S19 miner is expected to exceed $50,000 after the halving event. A 3080 dual mining zil gets you an additional 10-11 cents/day. 11 votes, 27 comments. Mining it yourself = 0. It will be like $0. There are literally thousands of other cryptocurrencies that offer better returns for mining, you'll have to be very involved with market developments in order to do it effectively. Use a coolant designed for this purpose. I know this because my company supplies coolants (for immersion cooling) to the biggest mining outfits in the world. I was looking into some referbished S9s. Also keep in mind that you'd only be able to mine $100 a day for maybe a couple of weeks before the difficulty goes up and you get less. Jan 13, 2022 · Let's take a look at what makes a good cryptomining rig, and what hardware it takes if you want to be serious about mining. If I buy some miners then I have still have some used miners with at least some value plus some bitcoin. For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Bitcoin mining is different from alt coin mining, in that bitcoin has a higher difficulty. 8G/h here - my electric bill for JUST MINING is £1100 / $1500 Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. Zil mining is basically free money in addition to whatever your main coin is, and you can stake it for ~10% yields. There are some reasons I can see some justifying mining at a small loss as people will pay a premium for non KYC Bitcoin and some people do so for fun or help secure the network. If you were do it with JUST $30k then you buy 5 rigs at $2k each and it will yield 1/3 or about 0. You would be far better off purchasing bitcoin and holding it. Since the Bitcoin ETFs were approved, GBTC, FTX and large mining farms have dumped their BTC (which nobody really expected) and prices across the market have dropped a bit. GPUs and mining rigs will flood the market. You could have bought your asic directly from them actually, and they would have set it up for you. Curious what everyone uses as an OS on their rig as I’ve been suggested a few then researching those I find they haven’t had updates since 2018-2020. 04 per kWH. wire gauge should be 10 AWG and it should have its earth and neutral so the miner doesn`t get Not sure which part of mining interests you, but first some more general comments about mining: Because Bitcoin is a decentralized system, you need a decentralized workforce to keep it running. okay so, i live in america and i mine crypto from my parents house and give them bitcoin to pay for electricity cost. ASIC mining, which Bitcoin and some other older blockchains use, are incredibly power hungry and if you don't pay very little for electricity, won't be very profitable. 7k annual elect bill and $3. So 3 computers total mining and so after 480 days I'll be making pure profit. People who are mining from home are usually better off just gpu mining it seems. Miners are this workforce, which help to keep the infrastructure running and are paid for their services in newly minted Bitcoins. . This has a perverse effect on profitability. If you expect bitcoin or ethereum to be worth more than it is now in 7 months, just buy the currency. Edit: getting downvoted for trying to talk about money on a realistic level. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. ) I now have 3 rigs talking wi-fi and the rest are hard-wired ethernet. OP, where is this "at least 24 months of unviability" coming from in your title? I can't find it in the article and when it comes to Bitcoin the difficulty adjustment which happen every 2016 blocks (~2 weeks) makes this very unlikely. Ask questions or receive news about about mining, hardware, software, profitability, and other related items. Keep it simple and cloud mine with Block Hunter. Mining pools accept "good guesses" called "shares" Solar powered mining rig Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. Establish card serial numbers at start of this and make sure those are the serials you get at the meetup. 58) you would be averaging $800-900/year making it 2 years to ROI before your making profits and thats assuming moneros price stays the same as it is now which it wont, come bullmarket monero Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Compass mining has a minimum of 1 machine. Today I was using that computer and stopped the mining, I left it idle for a few came back and the display driver had crashed. I have wi-fi running and ran into problems once I hit 8 rigs talking to my wi-fi router. Hash Rate: Get high hash rate rigs, such as 140 TH/s or above, to minimize the cost per coin mined. But if I were you I would still set up your flight sheet to dual mine zil. Until then, please utilize the resources in the MINING WIKI for additional useful guides and information. My guess is you would need 100 mining rigs to make a profit of $33,000 a year. Usually, laptop chips run more efficiently though right? Correct me if I'm wrong but in terms of gaming performance (which I assume would carry over to mining similarly), a 3080 Mobile 16GB (~110W) can outperform a desktop 3060Ti (200W). My rig has 12 RTX 3090s in it so let's say 330W per card, that would make my rig wanting to consume 12x330W+90W=4050W (90W for the rest of the system). There’s still an element of fun in running the rigs, but it’s just different when there’s not even a chance of any real money. Plug your wallet into your pool’s website and after about 20 minutes, you should see a hashrate to know you are connected and mining. That usually occurs when people are afraid of what might happen, as Bitcoin is, as bitcoin. It happens fast and if one of the projects gains traction quickly GPUs miners don't have time to catch up. Members Online frk_2020 N00b in process of building my first GPU rig. Bitmain Antminer S19j Pro+– A great performer overall. 2 xmr/month pool mining and if your solo mining at 32kh then your expected to find a block every 68 days (block reward 0. Look into hobby rules if you have a small rig. Members Online Building our first mining rig with friends Bitcoin mining takes a lot of money to set up (a lot of money for me at least), and since everyone else also has powerful PC’s bitcoin mining has become a tough place unless you invest a ton of money in it and you aren’t gonna make much back. Therefore excluding hardware costs, any mining during times when you would normally heat your home can be considered profit. Save the edited text so your wallet and worker name is in place and double click the application and it should start mining. Later, I bought drugs of the dark web with the rest of it For the past few weeks I’ve seen videos and articles all about crypto mining. I ynderstand that with a $250 rig, I can’t make more than $1. Create some interesting opportunities you could pretty much make a self contained unit with a Wind turbine, crypto mining rig and a Starlink satellite and just drop it on the top of every mountain or high wind/ cool air area I would advice to not put 300-500$ into mining and rather just invest in crypto for now. One thing to do would be to sell the equipment later on so you can really claim a full loss quickly, but you really can't do that right now with ASICs because most ASIC equipment seems to still be going for more than what it cost originally (this is, of course The problem with Compass Mining rigs are, if you purchase, for example, a S19j Pro 100TH that will go live, say, in the middle of Feb, then they have some listed for $17250. Members Online onthepath141 Yes, markets tend toward equilibrium even if it does not stay at equilibrium. My penis extension was the civic type r gets seen more than a video card and people actually understand that vs trying to feel empowered by a gpu The bottom line is bitcoin mining is subsidized by fiat loans, companies can absolutely make a profit in fiat terms by taking out loans to buy miners, but by spending bitcoin on miners directly the depreciation of the hardware will make it so you never, ever make a return in bitcoin. Have a question about running my rig off of my home's outlets. Have you guys heard about Salad? They claim users with 24GB GPUs can earn around $180 a month by running AI workloads like mining. There is malware that uses unsuspecting hosts' computers to mine altcoins. *Do not respond to strangers direct messaging you, as over 99% of these people are Scammers. It is difficult to obtain one that gets a usable hash rate without breaking the bank or getting scammed. would you think it’ll be a good idea to ship my mining computer to the philippines . I'm mining because I know it's more worthwhile to have the crypto than complain about my electricity bill. If everyone starts to use old computers to mine Bitcoin, they'd just take from each other their chances of mining coins, making it harder overall and with no additional overall value gained. I'd definitely wait to see what's going on with the new generation of gpu's before investing anything in mining though. Those have been built on purpose for sale. The servers and buildings, etc. Before starting Bitcoin mining, it's crucial to consider many factors: Costs: Mining rigs can be expensive, and operating costs like electricity can eat into profits. Re-using material does. Great sub. A lot of rigs that are on sale, are rigs which actually cannot mine ETH anymore with 4GB VRAM or lower. They are mining the following coins Mining Bitcoin doesn't add value to society as a whole. Its just important people have the facts before they start mining and go into it with eyes wide open. If you have a larger setup, you probably will need to amortize the equipment. Also, many hosters have run out of space and power because chinese mining companies have flooded them when china banned mining. Bitmain Antminer S19 XP Hyd– The most powerful Bitcoin miner. Unless you have a literal warehouse full of miners, mining is useless. It's about using our PCs for AI workload processing, somewhat similar to the old days of crypto mining. io, they may be full by now, not sure. There are also some pools that offer an auto-convert feature as well but they generally have higher fees. This guide aims to show that this is overly simplistic and narrow-minded in its view. I've already tested it and it's a legitmate bitcoin cloud mining rig that pays out without any problems. When some miners can't find profitability they stop mining, the difficulty drops eventually, when a lot of new miners/mining power arrive the difficulty rises A single RTX 3080 rig will have as much hashpower as 3 RX 580 rigs. If Bitcoin drops in price by 3x again (like it did over the last 8 months), then your miners will be unable to pay for the electricity it costs to run them and their resale value will drop by about 10x, and you will suddenly be around $80k in debt. As Bitcoin mining is undervalued for its investment cost, people enter the market. Configure your mining software: Configure your mining settings, including the number of threads and power usage of your rig. For wear and tear, just keep temps managed and you'll be fine. 315 BTC w/ $16. Mining can work very well, but it's even more unpredictable than crypto investment because there is nothing that could be called a "blue chip" atm. Wait that's if you're only focused on bitcoin but I believe if you can efficiently mine another cryptocurrency say for example Ripple is not mineable but let's just say if you could mind Ripple when everything was going crazy earlier this year I didn't invest in Bitcoin I invested in Ripple and while Bitcoin doubled Whipple quadrupled The comments don’t seem to be very helpful. Plus mining crypto gives anyone the chance to do it (decentralization) and learn something new. On the one hand, it seems profitable, with a minimum cost of investment. But if Bitcoin stays flat my $40K is still worth $40K (not to mention what happens if BTC goes down in value). Bitcoin mining would be fun for me as some small passive income and as a hobby. Your trust and support fuel our mission to keep Bitcoin mining accessible and innovative. It will take 35 solar panels (400 watt each) to run 1 mining rig. All is well. 5-2 per day currently. The best ever is the highest diff share that worker has ever submitted. Members Online Build help/advice - 1st Rig A miner succeeds in 'mining' a block if he generates a random number that begins with at least as many leading 0's as specified by the difficulty number. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. This is a discussion based community and the place to share experiences, business insight, creative ideas about our work, and more. I've yet to see proof mining rigs exist other than a small warehouse they started themselves. set up the rig there and give my family BTC in payment? i Nov 30, 2024 · How To Choose the Best Bitcoin Mining Rigs In 2025. renting mining rigs I have just been on leaserig and miningrigrentals and on both sites when I put in the amount of hours and see the price it is more than what coinwarz site shows will be the profit for mining for 24 hours. 3k in cash left over. I've just started mining with a host, I'd like to grow the number of miners but just wondering if it's worth investing in 100th machines now or wait for newer faster rigs? NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. I’m trying to build a multi-gpu mining rig that I can easily upgrade cards on when the bull run ends + I didn’t want to wait and lose opportunity to mine ETH before the change in governance around how miner fees are paid in the EIP1559 upgrade. Read the guides, watch the videos, red panda mining, mining chamber, voskcoin, etc. An S19 Pro (110th) brings about 0. Members Online Troubles when mining rig with 3 GPUs AMD Radeon RX 6900 XT and OS Win 10 64bits Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Hopefully more than $40K in value. So a 8 GPU rig for $2250! with two of them rigs you are definitely in the game. You don't need hot swappable PSUs becuase you don't need 24/7 uptime. Start mining: Once your mining rig is set up and configured, you can start mining and earning rewards. Costs are electricity, heat removal/ventilation, and obviously hardware. Mar 13, 2024 · Here is what you need to mine Bitcoin at home (competitively): A mining rig is a computer custom-built to mine cryptocurrencies. 6=$132. If the share value/difficulty is higher than the network difficulty, you get a block when solo mining. If you bought 6 RTX 3080s at 2000 USD a piece you can do an entire rig for $13000 and cover the cost in about 7 months. I know their business model works by upcharging the miners but giving competitive power. Talk about your builds, setup, and rigs for Bitcoin, Litecoin, etc mining! As it's a mining rig you could ask seller to show you mining performance over a couple of days. And by 2025 Bitcoin will rise and so do all the altcoins. Looking at a mining profit calculator it says a 4090 could reel in $5+ a day after electric cost, meaning it would pay itself off in 2 years or less depending on how much you use it for things outside of mining. They're good providers, but they're not under 7 cents. I've talk to my local pc shop for computer parts but they don't have anything good to offer. Understand the risk: ASIC is algorithm-specific and if the crypto it mines loses value or develops, ASIC resistance (by changing its core algorithm), it may become Lmfao no it wouldn’t. I got about 2. They also use a lot of electricity and are much louder than people expect. Also, you do not need to purchase additional equipment or waste valuable time. Running a gaming PC style one-off in a dorm room with poor airflow in a case with few fans is a bigger risk for running down the rig versus having the same PC in the basement of an air conditioned building with a few good Noctuas moving air in and out. Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. Thank you for being part of the D-Central community. While most of the Bitcoin community will deny that, it's the truth. i was just thinking , i have family in the philippines and the cost of electricity is cheaper there so the cost of mining is cheaper. Members Online Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. com Nov 22, 2024 · Here are the best Bitcoin miners in 2024: Bitmain Antminer S21 Hyd– Top of the line hydro cooled miner from Bitmain. If you gamble on Bitcoin or Bitcoin mining with a loan, you amplify the downside tremendously. Bitcoin and a few others are mined on asics. Also, mining heats up your room, so if you use an airconditioner and mine in the same room, the electricity usage further increases. The main problem is that ethereum is shutting down gpu mining sometime this year, so we'll be left with only those "few other" coins which may or may not be profitable. GPU based mining isn't edged out yet, though it's only a matter of time. As others said, the first step would be to improve your knowledge on the matter. You can try delmarva. 50 a day, and that’s pushing it. See full list on cointelegraph. Once all of the above is setup, you are good to go. You are competing against professional miners who earn a decent profit by paying just $0. ) + equipment that can still mine in 2025 and likely 2026, just pay electric. Click my link below and get started for free with 900 GH/s on signup. I mined bitcoin back in 2011 on base. 5 gh/s, and lost money because 6 months later bitcoin became worth 50% of what it was when I started. Rinse repeat. you can get by with having a dedicated circuit on your panel for a 240v outlet that can handle 1 s19 with a 15 amp breaker . A rig consists of multiple components and chips. Nobody had mining specific rigs back then, I just left my system running 24/7. Ethereum and a few others are mined on gpu. Start small, don't blow your whole load on over priced gpus, even if you can. 236 bitcoins earned through pooled mining since, now I'm ordering hardware from bitcoinstore to increase my hashrate. No envy here I can’t even max out the 3090 I kept from my mining days even rendering with autocad. Use Reddit's search feature too, because odds are your question has already been asked before. Asics will have the same issue. I’d like to think of myself as a techy guy who would be able to set a mining rig up, but I don’t think it’s even worth it for how much they cost. Eth is usually the most profitable. At present, it's not practical to mine 'bitcoin'. (Running stratum. But bitcoin mining isn't going anywhere, aslong as you have the room and don't have to live in the same space with the asic miners. Bitmain Antimer S21 – The most powerful mining rig on our list. Things will go back to a minerless world of crypto. Take that with a grain of salt but I'm sure other answers will be similar. What about you guys though? I'm heavily considering buying more cards, and just mining more but would love to see other's success or difficulties. 4 kwh . XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. Times that by 4 if you buy 4 rigs. mining your personal rigs isn't profitable now due to mining difficulty, When miners buy their own equipment they face a number of problems, from rent of facilities, security, logistics, searching for low-cost energy, connecting and setting up your equipment, provision of an appropriate environment for equipment, cooling, ventilation, noise prevention and NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. As Bitcoin mining is overvalued for its investment cost, people leave the market. Members Online Just bought a Razer Advanced laptop with 32gb of ram an 8 core i7 and a RTX 3080! Yeah it’s been getting paid into my NiceHash wallet for ages but all of a sudden has decreased massively in mining pay outs and I don’t mean because of the price going down because it isn’t paying me the Bitcoin my Bitcoin amount has stayed the same for the past 2 days despite mining for the past 48 hours solid New to mining. I have a rig that I leave mostly alone and run a few ATI cards with GUIMiner. The AVALONminer 1246 is a newer ASIC miner that has recently been released and is designed specifically for mining the SHA-256 algorithm-based Never too late for Mining !! tbh I think ETH is shooting itself in the foot by moving away from Mining. Im planning on getting bitcoin miner. The Philippine grid is experiencing shortages, and unfortunately mining affects this (part of the reason why I stopped mining already). You need a mining rig and if you’re doing a pool mining some shitcoin you still won’t make jack shit unless you have a 4090 which costs 2k. Those rigs would cost you close to $100,000. Members Online cryptonicman We would like to show you a description here but the site won’t allow us. MicroBT WhatsMiner M50: This ASIC miner is designed for mining SHA-256 cryptocurrencies, such as Bitcoin and Bitcoin Cash, and has a hash rate of 126 TH/s with a power consumption of 3250 W. Hi, I want to start a mining rig but with the lack of gpu on the market it's pretty hard to find a good deal. But you could build a used rig for cheap if you look around and the prices should drop some more within the next 6 months, I would look for used 3070 for about $250 and get a mining rig 8 GPUs on Amazon with a 1800w PSU for about $250. If you want to do more, look to increase existing equipment hashrate or find new (cheaper) equipment. You would need 1500 Th/s (15 miners at 100 Th/s each) just to gross $33,000 but that’s not including the price of energy. In any case feel free to mine ethereum until it's gone. 5 coins, and spent them mostly on a pizza. Crypto A year ago I spent 2-3 thousand dollars on a mining rig for alt coins, 1. The news makes bitcoin mining and stuff sound horrible but the overall energy use is pretty similar, albeit bitcoin can be pretty energy intensive. You will be throwing good money down the drain as you are already underwater. Members Online 3. People are always looking for exciting ways to make money and Mining is one of them. Unless you have extremely cheap energy you’re better off just buying Bitcoin. There are no 100% guarantees with used but use some common sense, keep to safe spaces and ask for proofs. I believe that this method removes almost all risks. Hard wired connection is best. if you want to future proof that outlet to run a second miner of the likes. There are constantly new ASICS coming out which increases difficulty and your mining rewards will slowly diminish. The official bitcoin mining forum / subreddit / chat room / place to be! Members Online Two Dormant Bitcoin Wallets With 49,000% Profit Suddenly Awake After 10. That was a thing like a decade or longer ago but not anymore. Members Online Troubles when mining rig with 3 GPUs AMD Radeon RX 6900 XT and OS Win 10 64bits Nobody uses malware that uses unsuspecting hosts' CPUs or GPUs to mine bitcoin anymore. It equals the concumption that I would have running my space heater on low setting, but when mining I'll have a few cents returning into my wallet every day. Where I live, it's definitely profitable. 06 per KWh, unplug your ASIC miner and sell it -- it's cheaper to buy bitcoin than operate a bitcoin mining rig. 945 + tax hit at time of mining, less about $65k in tax write-offs (talk to an acct. I didn't go the route of building a mining rig, just some personal rigs. Edit: …or buy bitcoin outright Mate mining your personal rigs isn't really profitable now due to mining difficulty, Basically there're other factors you meed to handle before diving into Solo-mining, consequently when miners buy their own equipment they face a number of problems, from rent of facilities, security, logistics, searching for low-cost energy, connecting and setting up your equipment, provision of an appropriate The number of panels required will be more dependant in the size of your battery bank and charging requirements than the actual amount of electricity your mining rig will use at any moment in time, so you may need multiple panels even if on paper one panel can generate enough current to run the rig at any given moment in time. The bottom line here is to rent a mining rig that'll allow you to mine any coin. To add to this: your set up and cooling is a big wildcard variable. I'm currently at 6 Ghash/s and hope to be at 8 Ghash/s soon. I attempted to sell my rig with EV of $7000 as a whole about 4 months ago listing on Reddit, fb marketplace, mercari etc, and was about to split up before a friend bought it off me for $5000 (good friend and still made slight profit off msrp purchase price plus a year of mining profits, he was/is aware of POS at time of sale). Just replace a power supply if it dies. The miner will fail. Single CPU and GPU mining is done best if you have other use for the hardware as well - like gaming or work. 00051817 btc/day or about 0. 0001 per week. If you can buy a rig through them, use their electricity a while, and one day decide to go pick the rig up yourself in person to move to another location, that's one thing. Not all algorithms and mining rigs use that much energy. Once ETH switches from POW a new coin will rise to the top spot and could even kick Eth off. I can’t comment on Kryptex because I haven’t used them, but directly underneath the examples of PC, mining rig, and mining farm profitability it says: Profitability is indicated for exchange rates on August 12, 2020. Should make a little over a dollar a day before power mining on nicehash. Hi miners, it's obvious an interesting time for crypto, halving coming up and all the ETF stuff going on. Using unsuspecting hosts' CPUs or GPUs to mine bitcoin would be pointless with bitcoin's mining difficulty. Fans will go before hardware. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. I know that is a tired tune, but damn do I miss the good old days! I still keep a small rig going for shits and giggles, but it’s sad to think that GPU mining will never be the same again. Please do NOT message the moderators in regards to this. Keep in mind the card you are talking about is a 3090 and it gets around 150 MH/s at 300w (roughly). I agree that's simpler. Yes. I am trying to get into mining. Every new miner added to the Bitcoin mining network automatically reduces the payment available to all miners - existing miners and new miners I've been following the recent trends in passive income and stumbled upon something quite intriguing. That’s wicked sketchy…. * Members Online Jun 1, 2024 · Placing your order now not only secures your product and locks in today’s pricing but also directly contributes to regrowing D-Central's team and strengthening the Bitcoin mining ecosystem. I believe prices will raise gradually for a time over like 6-8 months, and we will be waiting for another coin to become profitable like Ethereum used to be. Please gain at least 15 comment karma before trying again. fav fffamflo rnjvuzk zds mphfi dwvovs tvdbdm peyip oipl joxa