Overclock.net banner

Should I start mining?

9K views 134 replies 23 participants last post by  SavantStrike 
#1 ·
I have a R9 270x sitting in the closet , a 1070(main rig) and a 680 ( secondary rig)

I was debating on putting the 270x in my secondary rig and mining with it.

Any recommendations on what to mine these days?
 
#2 ·
Quote:
Originally Posted by PappaSmurfsHarem View Post

I have a R9 270x sitting in the closet , a 1070(main rig) and a 680 ( secondary rig)

I was debating on putting the 270x in my secondary rig and mining with it.

Any recommendations on what to mine these days?
Just my 2Cents, but unless your electricity is free, dont bother, I personally Fold, and that makes me happy since I am helping health research, and I fold for EVGA ::cough cough sorry OCN folding team cough cough:: which gives me 10 EVGA bucks a month.
 
#4 ·
If you want to check the nicehash profitability calculator, I'd say that's a good indicator of actual profit since it lets you input your electricity costs. Your 270x isn't listed, but I'm guessing it'd get you around $1/day before taking out electricity costs. Here's a link:
https://www.nicehash.com/?p=calc&name=
 
#5 ·
Quote:
Originally Posted by cookies1290 View Post

Just my 2Cents, but unless your electricity is free, dont bother, I personally Fold, and that makes me happy since I am helping health research, and I fold for EVGA ::cough cough sorry OCN folding team cough cough:: which gives me 10 EVGA bucks a month.
Not free but with certain cards I would certainly turn a minor profit, then if I hoard whatever I get there is always the future potential for Big$
Quote:
Originally Posted by TheJack View Post

If you want to check the nicehash profitability calculator, I'd say that's a good indicator of actual profit since it lets you input your electricity costs. Your 270x isn't listed, but I'm guessing it'd get you around $1/day before taking out electricity costs. Here's a link:
https://www.nicehash.com/?p=calc&name=
I believe the 270x is similar to the 7870 so it appears at least in BTC its about $1/day
mad.gif
 
#6 ·
Anyone have a simple how to to get started?

I found some stuff online and the

geth.exe account new,

it starts doing something, but doesn't seem to prompt for a password as most of the setups instructions say.

as soon as I type "geth.exe account new"

it starts scrolling things similar to

Code:

Code:
INFO [06-25|12:32:13] Imported new state entries               count=384  flushed=298 elapsed=4.512ms   processed=25817 pending=12289 retry=2    duplicate=0 unexpected=0
INFO [06-25|12:32:13] Imported new block receipts              count=885  elapsed=46.623ms  number=56492 hash=680007…c6e7d2 ignored=0
INFO [06-25|12:32:16] Imported new state entries               count=383  flushed=533 elapsed=3.008ms   processed=26200 pending=11873 retry=3    duplicate=0 unexpected=0INFO [06-25|12:32:13] Imported new state entries               count=384  flushed=298 elapsed=4.512ms   processed=25817 pending=12289 retry=2    duplicate=0 unexpected=0
INFO [06-25|12:32:13] Imported new block receipts              count=885  elapsed=46.623ms  number=56492 hash=680007…c6e7d2 ignored=0
INFO [06-25|12:32:16] Imported new state entries               count=383  flushed=533 elapsed=3.008ms   processed=26200 pending=11873 retry=3    duplicate=0 unexpected=0
I assume this is where its syncing the blockchain, does it prompt for a password after or before? most sites seems to say the password should have come first.
 
#8 ·
Quote:
Originally Posted by PappaSmurfsHarem View Post

Anyone have a simple how to to get started?

I found some stuff online and the

geth.exe account new,

it starts doing something, but doesn't seem to prompt for a password as most of the setups instructions say.

as soon as I type "geth.exe account new"

it starts scrolling things similar to

Code:

Code:
INFO [06-25|12:32:13] Imported new state entries               count=384  flushed=298 elapsed=4.512ms   processed=25817 pending=12289 retry=2    duplicate=0 unexpected=0
INFO [06-25|12:32:13] Imported new block receipts              count=885  elapsed=46.623ms  number=56492 hash=680007…c6e7d2 ignored=0
INFO [06-25|12:32:16] Imported new state entries               count=383  flushed=533 elapsed=3.008ms   processed=26200 pending=11873 retry=3    duplicate=0 unexpected=0INFO [06-25|12:32:13] Imported new state entries               count=384  flushed=298 elapsed=4.512ms   processed=25817 pending=12289 retry=2    duplicate=0 unexpected=0
INFO [06-25|12:32:13] Imported new block receipts              count=885  elapsed=46.623ms  number=56492 hash=680007…c6e7d2 ignored=0
INFO [06-25|12:32:16] Imported new state entries               count=383  flushed=533 elapsed=3.008ms   processed=26200 pending=11873 retry=3    duplicate=0 unexpected=0
I assume this is where its syncing the blockchain, does it prompt for a password after or before? most sites seems to say the password should have come first.
i think with geth you need to sync the whole blockchain first before you can start mining. (60-70GB? could take a few days)
if you use claymore's miner, use jaxx or something for your wallet setup, and join a pool, you should be able to sync up in a much shorter time.
 
#9 ·
Don't mean to hijack the thread, I'm kind of curious for some of your suggestions. I have some CPU's/Mobo's etc. sitting around and I don't pay for electricity lol. What would some GPU suggestions be from you guys? I'm not saying I'm going to jump into it I'm just kind of curious and looking around right now. I can have 3-4 PC's mining 24/7 in a spare room
 
#11 ·
Quote:
Originally Posted by Reaper28 View Post

Don't mean to hijack the thread, I'm kind of curious for some of your suggestions. I have some CPU's/Mobo's etc. sitting around and I don't pay for electricity lol. What would some GPU suggestions be from you guys? I'm not saying I'm going to jump into it I'm just kind of curious and looking around right now. I can have 3-4 PC's mining 24/7 in a spare room
If they are recent AMD cards you might be better off selling them before prices start to crash.
 
#12 ·
Quote:
Originally Posted by PurdueBoy View Post

If they are recent AMD cards you might be better off selling them before prices start to crash.
I rarely sell hardware. I've still got old 775 parts in my closet I never got rid of lol. I'm was just curious about suggestions about what hardware some of you guys would recommend if I did want to start mining
 
#13 ·
Taking a look at the profit calculator posted on page 1 it looks like the RX cards are still among the best and maybe a GTX 1060. Kind of wonder if it's worth it.. apparently it reached an all time high or something yesterday or today. Is it that easy to get into it and start?
 
#14 ·
Quote:
Originally Posted by Reaper28 View Post

Taking a look at the profit calculator posted on page 1 it looks like the RX cards are still among the best and maybe a GTX 1060. Kind of wonder if it's worth it.. apparently it reached an all time high or something yesterday or today. Is it that easy to get into it and start?
Nicehash is an easy way to start the process of mining. The hardest part for me was getting the Coinbase wallet verified with the account I wanted to use.
 
#15 ·
Quote:
Originally Posted by mmonnin View Post

Nicehash is an easy way to start the process of mining. The hardest part for me was getting the Coinbase wallet verified with the account I wanted to use.
I watched Barnacules's video so I understand a bit of it. Nicehash seems to be pretty straight forward. It would be pretty easy for me actually I can just toss 1-2 GPU's in my storage server as it pretty much runs 24/7. Does it use much bandwidth if you happen to know?. Too bad I'm still using my 980's I could have two of them running in one system and two RX 580's in another lol

EDIT*** @mmonnin .. what kind of wallet were you using?
 
#17 ·
Kepler cards are terrible for mining. I had four 780Tis mining as that was what was in one of my computers. It was awful.
 
#18 ·
Quote:
Originally Posted by Dagamus NM View Post

Kepler cards are terrible for mining. I had four 780Tis mining as that was what was in one of my computers. It was awful.
Yeah I checked out the calculator to see what they could do.. something like 90 cents for a 980 lol meanwhile a 1080Ti can do almost $3... not worth me using my own GPU horse power which is too bad because they're under water. Seems the RX 580 is the best card for cost to performance at least until VEGA is fully available in Canada. Even a 1060 kills a 970. I still haven't been able to find any of the actual mining cards ASUS and MSI? released last month on any retailers
 
#20 ·
Quote:
Originally Posted by Reaper28 View Post

I've got a 100/10 connection with unlimited bandwidth I just don't want it using like 50-60% of my connection speed to where I can't game, watch YT etc. I take it when you're mining in a group upload speed is more important than anything?
You will be fine. It uses the computer resources but very little network.

One of my setups used about 6GB last month total.
 
#21 ·
Quote:
Originally Posted by Dagamus NM View Post

You will be fine. It uses the computer resources but very little network.

One of my setups used about 6GB last month total.
Not too bad then. I might throw a PC together and see how it goes. Just need to wait for my CPU to get here, does GPU ram capacity matter more still or is it just about raw GPU power? from what I can tell 6-8GB cards outperform must of the 4GB cards
 
#22 ·
Quote:
Originally Posted by Reaper28 View Post

Not too bad then. I might throw a PC together and see how it goes. Just need to wait for my CPU to get here, does GPU ram capacity matter more still or is it just about raw GPU power? from what I can tell 6-8GB cards outperform must of the 4GB cards
Memory plays a large role. Though more for GDDR5 than GDDR5X. Overclocking the memory on a 1070 improves hashrate. Overclocking the memory on a Titan XP just increases wattage. I haven't toyed with underclocking the memory on the Titans, just found that there was no benefit in overclocking them. I run my dual titan rig at 65% power target, the quad titan rig at 75%. The hash rate doesn't really change much on the dual rig going to 65% but it drops the power a lot. The quad rig loses a lot more hash rate than power going from 75% to 65%. The quads are power limit modified though. All six are under water.
 
#24 ·
Quote:
Originally Posted by christoph View Post

one question, does the hardware need to be running 24 hours for it to make a buck? what if I shut it down for 30 min? what if the internet goes off for 1 min?
It's fairly linear, if you're off for four hours you'll make 20/24 th's of your normal for the most part. As long as your internet is constantly flicking on and off you should be fine.
 
#25 ·
Quote:
Originally Posted by christoph View Post

one question, does the hardware need to be running 24 hours for it to make a buck? what if I shut it down for 30 min? what if the internet goes off for 1 min?
I shut my miner off regularly to use my computer for anything beyond interwebz surfing. HBOnow or even youtube requires that mine be turned off. Well, it is a stuttering mess if I don't. Then I turn it back on when I am done.

As far as the internet, when it drops out you will just get connection error messages until it comes back on.

My router is on a ups so that is a rare problem.

But yeah, if the computer is not mining you are not making money. Best to leave it on 24 hours a day unless it is interfering with your life. They can be noisy and hot.
 
#26 ·
I had access to a 480 8GB and should have grabbed it when I had the chance.. I'll probably toss Nvidia cards into my server and keep any AMD ones in my Xeon rig. I found two 580's about 2 hours ago at a local shop and both are gone already lol. Makes you wonder if people are actually mining or if people are trying to make a profit from selling them online to others
 
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top