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Thread: Mining

  1. #1
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    Mining

    Any links to good mining guides out there please?

    TYVM.

  2. #2
    RIP Peterb ik9000's Avatar
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    Re: Mining

    here you go. Bit niche, best get some specialist advice before you try any DIY at home.

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    Iota (14-08-2021),kalniel (14-07-2021),neepheid (15-07-2021),Ozaron (05-08-2021),Scryder (11-09-2021),wazzickle (14-07-2021)

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    Senior Member joshwa's Avatar
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    Re: Mining

    I don't think it's worth the hassle and increased demands on your computer hardware and electricity bills.

    Join folding at home instead

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    Re: Mining

    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..

  6. #5
    Banhammer in peace PeterB kalniel's Avatar
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    Re: Mining

    Quote Originally Posted by joshwa View Post
    Join folding at home instead
    Is that still going? I thought alpha fold had pretty much finished that problem.

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    Moosing about! CAT-THE-FIFTH's Avatar
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    Re: Mining

    Quote Originally Posted by kalniel View Post
    Is that still going? I thought alpha fold had pretty much finished that problem.
    It's obviously not folded yet!

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    Re: Mining

    Does folding at home not actually do anything for the end-user financially though?
    At least mining puts money back in your pocket...

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    Re: Mining

    Quote Originally Posted by [GSV]Trig View Post
    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

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    Re: Mining

    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.

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    Re: Mining

    Quote Originally Posted by DanceswithUnix View Post
    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
    Glad you qualified that with an 'AFAICS' given we've gone over the benefits of crypto vs the regular financial system so goddamned many times

  12. #11
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    Re: Mining

    Quote Originally Posted by wazzickle View Post
    Glad you qualified that with an 'AFAICS' given we've gone over the benefits of crypto vs the regular financial system so goddamned many times
    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.

  13. #12
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    Re: Mining

    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.

    Quote Originally Posted by [GSV]Trig View Post
    Does folding at home not actually do anything for the end-user financially though?
    At least mining puts money back in your pocket...
    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.
    Last edited by Spreadie; Yesterday at 10:18 PM.
    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: Mining

    Quote Originally Posted by DanceswithUnix View Post
    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.
    Yes, I've bought beer at a bar. I've also used it extensively for gambling purposes (i.e. my living, I was a professional gambler / poker player for ~12 years). Have you ever used gold to buy anything directly?

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