Any links to good mining guides out there please?
TYVM.
Printable View
Any links to good mining guides out there please?
TYVM.
here you go. Bit niche, best get some specialist advice before you try any DIY at home.
I don't think it's worth the hassle and increased demands on your computer hardware and electricity bills.
Join folding at home instead :D
My 3080FE is making about £5 a day before electric, running reduced voltage a mild RAM overclock and unlock on the core, in the time I have been mining I've not killed any hardware..
Does folding at home not actually do anything for the end-user financially though?
At least mining puts money back in your pocket...
Just a warm fuzzy feeling that you are doing some good for humanity, giving compute resources to postgrads so they can complete some basic research.
So pretty much the exact opposite of crypto currency, where we burn power entirely for selfish financial gain with, AFAICS, no net benefit to the human race at all :D
You can try using NiceHash, it's essentially a one click miner. They do take a cut of what profits you could have made by joining a mining pool and manually setting up a miner, but it's so much easier than having to swap between the coin you're mining depending on current profitability and managing your wallets independently.
Honest question, I'm not trying to start any argument here...
Has anyone on here actually bought anything directly with crypto?
I've personally mined and then moved that value around over Ethereum and Pylygon networks, have played with DeFi (almost certainly with an overall loss of money rather than making any), I've done a lot of crypto transactions at this point but to buy stuff I've had to withdraw money to Paypal and buy it in GBP.
I know Scan accept Bitcoin, but I haven't bought anything that way yet - I mined to pay for my card before building a few hundred quid to hold, just to see what happens, (sprinkled with a wee bit of FOMO). The rest just gets periodically dumped out to my paypal account and, most recently, paid for a sofabed.
I believe mining Folding Coin was quite profitable a couple of years back, but I never got into it so I'm only speaking third hand and don't really know much about it.
Now that I find really interesting! So how did that work? Eth QR code?
I spent years creating pinpads and payment systems used from corner shops up to really big supermarkets. Eth seems to be almost a decent payment system on paper (I don't think Eth 2 scales up anywhere big enough though, like magnitudes out still). But I've never seen it in use in a physical situation.
Yeah, QR code.
When my friend's coin - nahmii - hits the big time, as I expect it to do in the next couple of weeks, they could actually solve the scalability issue without it resulting in too high costs, speed or security. Whether that will make it a viable POS solution, who knows, probably still not, but even if it can't replace the rapid exchange side of currency functions, that doesn't mean it doesn't already fill enough other functions well enough to make it a viable currency.
For anyone who has the same question as me, I found the answer to be nicehash.com.
Nicehash is the easiest way to get into mining, but make sure you also install Afterburner and GPU-Z so you can tweak your card..
What tweaks would you recommend? I'm getting ~43 MH/s on current settings with my LHR 3080 and that will pay back the cost of the GPU after about a year and a half of being constantly on and not taking into account electricity costs, so I'm keen to improve that.
Mining ETH doesn't use a huge amount of GPU core, but it does like fast VRAM. So, you can dial back the the GPU core speed & voltage and ramp up the memory frequency. **There is an option in Hicehash Quickminer to set a separate performance profile that you can activate when you want to game.**
Keep an eye on your Memory Junction Temperature when mining - Nicehash reports it but you can monitor it in HWinfo - I don't know how LHR limits hashrate, so it might be ok, but high VRAM temps are an issue with non-LHR 30 series.
My 3090's VRAM was bouncing off the 110 degree limiter and would only drop down (marginally) below that if I dialled back the hashrate to ~90MH/s. After replacing the thermal pads and making no other changes, the VRAM dropped to 90 degrees while hashing at 120MH/s. Adding a few heatsinks to the backplate and improving chassis airflow gets it down to 80 degrees. GPU core sits around 52 degrees.
BTW, your ROI forecast could fly right out of the window come December. The planned difficulty increase in ETH will likely make it impossible to mine economically. Of course there will be other coins - and Nicehash will switch you to the next most profitable coin - but the profitability of that compared to current rates isn't completely clear. RVN is a possible option and might not be a million miles away from Ethereum in that regard but it uses more GPU core during mining, which means more heat and electricity cost, so it it won't be anywhere near as efficient.
Not sure about the LHR cards as mines an FE, but I run -500 core, 70% limit, +1050 on the RAM with the fans locked at 50%, that see's me just over 90MH/s.
Make sure you have GPU-Z on there as you can watch the memory temps, I get low 90's but I've swapped the pads on mine as I was seeing 105oC which is a bit close to the 110 throttle limit and when not mining I'm seeing a 20oC reduction in memory temps so deffo worth doing if you're up for the job.