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Thread: QOTW: Do you mine for cryptocurrency?

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    Re: QOTW: Do you mine for cryptocurrency?

    I keep going through all my old lottery tickets, just in case something was missed!

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    Re: QOTW: Do you mine for cryptocurrency?

    I did try recently on my RX 460, but I learned that the Bitcoin transaction fee these days is a few dollars, and that made the entire effort purely academic.

    I mined a few years ago, had half a bitcoin stolen by a pool operator, a friend of mine lost a few bitcoins at Mt. Gox, I lost some coins of various cryptocurrencies at eBTC. At some point I took most of what I had left (which wasn't a lot), bought a GeForce 750 Ti, 240 GB SSD and a Blu-ray burner with it, and with the little I had left I bought some bundles.

    I don't really see cryptocurrencies as worth the effort these days, and given that the public face of cryptocurrencies is Bitcoin, which is the worst of the lot, I don't really feel like it's worth it.

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    Re: QOTW: Do you mine for cryptocurrency?

    Yes.

    I have 5 rx 580's and 5 rx 480's mining zcash. Started in November of last year.

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    Re: QOTW: Do you mine for cryptocurrency?

    I don't anymore but I did spend for a week in 2011(?) mining with an XFX HD 6850, I mined 5BTC which at the time were not worth a whole lot fortunately I forgot about them for a while

    I sold them off a few years later for ~£400 which seemed like a pretty amazing deal, kinda wish I'd kept them as they'd now be £10k's worth!

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    Re: QOTW: Do you mine for cryptocurrency?

    Yeah, I mine for cryptocurrency. And I burn bank notes as well. Especially the higher value ones.

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    Re: QOTW: Do you mine for cryptocurrency?

    Bytecoin as I have a 24 core Xeon server doing nothing, and I don't pay the electricity bill
    I doubt it'll ever be worth as much as Bitcoin for 1 BCN, but you never know If it ever reaches £100 for 1 BCN I'll sell them lol.

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    Re: QOTW: Do you mine for cryptocurrency?

    I use my old i7 920/asus p6t/6GB ram setup. Just added 3 gtx 1060 6GB msi gaming x gpus, pcie risers (using proper pcie cables, not the sata ones the risers ship with. DONT DO IT), then OC'd the gpu memory as high as possible while remaining stable (+700mhz),limited gpu temp to 70 degrees C, and left the rest on auto. Hitting 67MH/s at 350W with 60-65 degrees C temp (was 57MH/s at 400W with 74+ degrees C at stock).
    Just put it all in a £3 plastic crate from argos, and slapped a few fans on for airflow.
    Running claymore's Dual Ethereum miner, couldn't get Dwarfpool to work.
    Paper wallet, keep your coins safe.

    Memory clock increases performance, leave voltage where it is, clock speed should be auto to control temp.

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    Re: QOTW: Do you mine for cryptocurrency?

    EDIT: mining Ethereum

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    Re: QOTW: Do you mine for cryptocurrency?

    Definitely not, it's not worth the effort and extra expense, especially (from what I gather) with it meaning me making a loss regardless.

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    Re: QOTW: Do you mine for cryptocurrency?

    Nope and I've got an RX 480 sat doing not much (due to parenthood) however I doubt its worth the electric in the UK without worrying about efficiency and I just don't have the time (or the modern hardware to do it)...
    Trust

    Laptop : Lenovo G505s A8-5550m 8Gb 240Gb SSD Radeon HD 8550G + Radeon HD 8570M dual graphics

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    Re: QOTW: Do you mine for cryptocurrency?

    Well, the first rule of successful crypto-mining is don't talk about successful crypto-mining!
    For that reason, I think this topic will see an artificially negative response.

    However, just to provide a bit of balance, but not giving too much away and breaking rule number 1:

    8 x GTX 1080
    6 x GTX 1080 Ti
    £200 electricity a month
    £4000 income a month
    £30k profit to date - before Her Majesty's Revenue and Customs then takes 45%

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    Re: QOTW: Do you mine for cryptocurrency?

    Quote Originally Posted by rwh202 View Post
    Well, the first rule of successful crypto-mining is don't talk about successful crypto-mining!
    For that reason, I think this topic will see an artificially negative response.

    However, just to provide a bit of balance, but not giving too much away and breaking rule number 1:

    8 x GTX 1080
    6 x GTX 1080 Ti
    £200 electricity a month
    £4000 income a month
    £30k profit to date - before Her Majesty's Revenue and Customs then takes 45%
    Is that mining ZCash? Nice...

  13. #45
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    Re: QOTW: Do you mine for cryptocurrency?

    The only component that I'd say I really 'care' about is the GTX1080. I see the 1070s as purely disposable, once I make my ROI in their initial cost (getting there...)

    If my 1080 dies, well, that's a nice excuse to order a EVGA FTW3 1080 Ti (and game with that).

  14. #46
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    Re: QOTW: Do you mine for cryptocurrency?

    Quote Originally Posted by rwh202 View Post
    8 x GTX 1080
    6 x GTX 1080 Ti
    £200 electricity a month
    £4000 income a month
    £30k profit to date - before Her Majesty's Revenue and Customs then takes 45%
    I'm certainly no expert but that looks like an impressive line of BS you just served up.
    Before you judge a man, walk a mile in his shoes; after that, who cares?! He's a mile away and you've got his shoes!


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    Re: QOTW: Do you mine for cryptocurrency?

    Quote Originally Posted by Spreadie View Post
    I'm certainly no expert but that looks like an impressive line of BS you just served up.
    Definitely no expert then! That's what I mean about the general negative response and disbelief people have.

    I'm not going to post my electricity bill, scan.co.uk invoices or tax return here, but I've started mining as a limited company, so if you can wait until next year, then my accounts will be with Companies House for inspection.

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    Re: QOTW: Do you mine for cryptocurrency?

    No. It's a waste of electricity and GPUs.

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