Re: Who ordered the AMD Radeon VII? Lets make a list of Miners / Hashrates / Coins
With my electricity rates ($0.11/kWh), I've calculated out that there's not much more profit to be made with any less than what I currently have my GPU set at (89MH/s@245W), but with any higher electricity rates, I can see better efficiencies coming into play.
Nicehash is okay, if you don't mind pretty high mining fees (5% for payouts less than 0.1BTC to external wallets). The higher fees are partly offset by the fact that their miner always finds the most profitable coin to mine. They had a huge hack two years ago, and they lost lots of bitcoin, and many (including me) lost some of my mining profits. However they've been slowly paying back miners for the lost money. The fact that they've been around for a while, and that they try to pay miners back and do the right thing is why I still trust them. It's an okay way to acquire Bitcoin.
For lesser fees, I use Nanopool for Ethereum mining, and over the years I've had zero problems with them. You can then use an exchange with much lower fees to convert your mined Eth to Bitcoin. I like their clean interface, and you can see one of my miners (2x 1060, 2x R-VII) mining currently there: https://eth.nanopool.org/account/0xa63ffc523e284bfb4a09b46ed2336afe824c57eb
I wouldn't run 4x Radeon VII's in the bedroom unless you have earplugs, or are a very deep sleeper.
Also, do you need to cool down your house with air conditioning units? Depending on the climate you live in, AC units can use heaps of electricity trying to cool down mining rigs, and that's why lots of miners choose to run them outside, in the garage or at the patio, for example. Unless you have free electricity, or live in a cold area where you want to warm up your house by mining, I wouldn't run them inside.
Hey mate, thanks for your reply.
I've looking at : Sapphire AMD Radeon VII. I've had Sapphire products in the past and work like a charm, hardly encounter issues, plus its a respective brand in my opinion. I would have gone for Asus or Gigabyte but their price difference is around £60 when it would do the same.
When it comes to coin, I will be leaving it with Nicehash as I've used their service ever since I started mining. I know others had issues and will have negative feedback but it's been working without an issue for me. Or do you think with AMD Radeon VII, using Nicehash would be bad option?
Right, understand. I'm best to have only 4 x AMD Radeon VII. But as you mentioned I can tweak and reduce the wattage.
At the moment my mining rig is left indoors, in fact in my bedroom and I currently have 4x Asus GTX 1070 OC 8GB, connected to 5 fans that run at 100% . But I have plans to move the mining rig to a different location in the house. Do you think 4x AMD Radeon VII will create a lot of noise?
Noted!
I've looking at : Sapphire AMD Radeon VII. I've had Sapphire products in the past and work like a charm, hardly encounter issues, plus its a respective brand in my opinion. I would have gone for Asus or Gigabyte but their price difference is around £60 when it would do the same.
When it comes to coin, I will be leaving it with Nicehash as I've used their service ever since I started mining. I know others had issues and will have negative feedback but it's been working without an issue for me. Or do you think with AMD Radeon VII, using Nicehash would be bad option?
Right, understand. I'm best to have only 4 x AMD Radeon VII. But as you mentioned I can tweak and reduce the wattage.
At the moment my mining rig is left indoors, in fact in my bedroom and I currently have 4x Asus GTX 1070 OC 8GB, connected to 5 fans that run at 100% . But I have plans to move the mining rig to a different location in the house. Do you think 4x AMD Radeon VII will create a lot of noise?
Mining wattages and efficiency calculations for Ethereum can be found here:
https://docs.google.com/spreadsheets/d/1w6qQtpwzlKRPSx3hYIpTrO1d29SwAIhOV4CNGi3Jk6Y/edit?usp=sharing
Let me know if it needs corrections. Thanks.
https://docs.google.com/spreadsheets/d/1w6qQtpwzlKRPSx3hYIpTrO1d29SwAIhOV4CNGi3Jk6Y/edit?usp=sharing
Let me know if it needs corrections. Thanks.
Noted!
Nicehash is okay, if you don't mind pretty high mining fees (5% for payouts less than 0.1BTC to external wallets). The higher fees are partly offset by the fact that their miner always finds the most profitable coin to mine. They had a huge hack two years ago, and they lost lots of bitcoin, and many (including me) lost some of my mining profits. However they've been slowly paying back miners for the lost money. The fact that they've been around for a while, and that they try to pay miners back and do the right thing is why I still trust them. It's an okay way to acquire Bitcoin.
For lesser fees, I use Nanopool for Ethereum mining, and over the years I've had zero problems with them. You can then use an exchange with much lower fees to convert your mined Eth to Bitcoin. I like their clean interface, and you can see one of my miners (2x 1060, 2x R-VII) mining currently there: https://eth.nanopool.org/account/0xa63ffc523e284bfb4a09b46ed2336afe824c57eb
I wouldn't run 4x Radeon VII's in the bedroom unless you have earplugs, or are a very deep sleeper.
Also, do you need to cool down your house with air conditioning units? Depending on the climate you live in, AC units can use heaps of electricity trying to cool down mining rigs, and that's why lots of miners choose to run them outside, in the garage or at the patio, for example. Unless you have free electricity, or live in a cold area where you want to warm up your house by mining, I wouldn't run them inside.