theodrim: Thank you for the diagram, if this turns out to be the cause of the problem I hope you will help me reach the solution.  I'll upload a picture.

leonix007: I will upload a picture of a fully working GPU next to mine with the 8-pin power cable plugged in.  Maybe that will help people tell the difference.

m.vina: It’s not just the lights.  The lights became dim after it stopped working.  I assure you, if it was still mining I wouldn’t have made a big deal out of it.

Dotem: I have tried it under 3different motherboards.  I’m curious now, because if you’ve burned vga cables I think it would be possible to burn the port.

Ciscopro2000: I have tried it directly on a pci-e x16 slot and a good 8-pin power connector.  I have tried multiple risers as well, and have narrowed it down to the GPU.

Thank you everyone for the help and suggestions.

whoismoses: I have tried it as the only card directly into the motherboard and on a riser.  Onboard graphics posts, but not the video by any output source.  The BIOS won’t read the card at all.  I haven’t tried with a different cable than SATA, but I can absolutely try with a 6-pin or maybe a MOLEX.  If this works, I will need your wallet address.  Yes, I have verified the cable by using the same power cable and PSU on another card, which worked fine.  The 8-pint port is broken but I’m not sure why.  I have a total of 3 rigs running, and that may have happened when I was moving the cards around between the rigs.  It connects securely, but I included the picture in case this is the reason it doesn’t function, what I believe to be the most likely explanation.

heodrim: Yes I have separate rigs running, and this card doesn’t work in any of the motherboards anymore.  I will try to discharge the capacitors with your step-by-step instructions and if this works, I will need your wallet address.  I thought the LEDs were just dim as an option, but the lights were running full blast until the card stopped working.  As a test, I have tried other cards using only PCI-e powered risers and get the same dim lights.  The working cards also do not post when only connected by PCI-e risers.

remauto1187ma: This GPU is one of many.  I have tried it as the single GPU on the motherboard and tried it as one of many GPUs on the motherboard with the same result.  This card is the only one that does not read in BIOS or in ethOS.  I have swapped the power cable for other functioning power cables and got nothing.  No, only the cables that came included with my Corsair HXi series PSUs have been used.  The measuring of ohms is something that I have not tried or even considered.  I will order an ohmmeter and get back to you on this.  If this leads me to getting it working, I will need your wallet address.

Wondering at this point if I can even save the card... the dim green light looks the same as when a card has only pcie riser power going to it. 

Hey Guys,

Been having GPU issues and I don't like the idea of putting it in the over so I figure I'd try this as my last resort.  Can't get my system to read the GPU and I have tried it all from risers, motherboards, pcie slots, etc.  The lights on the card come on in green, but nowhere near as bright as my other cards.  I suspect its not getting enough power from the 8-pin cable, and it only powers on because of the risers being powered.  Anyone have any thoughts or possible solutions on this?




.1 ETH for whoever helps me get the card back up and running!

DR

Staying out of the red is key and I want to emphasize what you say here because when others drop out, difficulty drops right behind them which eventually buys you more time in the green.  To me, the name of the game here is EFFICIENCY, because as long as Revenues > Expenses, I keep mining.  When the market is saturated, and everyone has the most efficient miners, and no one makes a profit, there will be a demand for more efficient miners, and that will be the way to remain profitable.

I'm sorry but you are absolutely right.  That was an oversight on my part: the interest portion of your loan repayment is deducted as an expense.  A loan amortization table will let you know exactly how much that would be.

---

Moderator's note: This post was edited by frodocooper to remove a nested quote.

Paying taxes = Making profits... Since when is being profitable a bad thing?  Besides, if prices are way down, why not sell the coin, realize the loss for tax purposes, and buy it back?  You'd be in the same exact position, but be much lower with taxes.

Small miscommunication here.  NSUMMY is saying the same exact thing, but looking at it from an investor's standpoint rather than a miner's.
 WHOISMOSES, you are correct in that cryptocurrency is recognized as revenue, and as a result taxed, when it is earned.  So lets say that on a pool I mine $1,000 worth of bitcoin on the 1st and I also mine $1,000 worth of bitcoin on the 15th.  As of the 30th of that month, I've mined $2,000 worth of bitcoin.  If my electricity expense was $200 for the whole month, I will owe taxes on $1,800 (assuming that there are no other expenses I can deduct).  Now, lets say that I decide on the 30th to cash out that $2,000 in BTC.  But I run into a problem because the BTC price has dropped.  So now that same $2,000 of BTC is only worth $1,500 but I still decide to cash it out.  Then I get to list a capital loss of $500, meaning my taxable income has dropped by that much ($500 in addition to the $200 from expenses).  I would only pay taxes on $1,300.

Sources:
http://theminersunion.com/2017/09/11/what-you-need-to-know-about-bitcoin-mining-taxes/
https://www.irs.gov/pub/irs-drop/n-14-21.pdf
https://www.irs.gov/newsroom/irs-virtual-currency-guidance

Most of us aren't here to shred you to pieces, my friend.  Bucc5207 makes a great point: profit does not mean cash.  My balance sheet shows my cash to have increased a LOT in the past 4 months, but my income statements show losses for most of those months.

It is important to recognize that when you began a business, legally there are only two sources of funding: equity and debt.  Equity you don't have to pay back but you give control to whoever gave you the money (great if this is YOU investing the money).  Debt you do have to pay back, but it is technically an expense (great if this is YOU loaning the money).  So here are two scenarios:

***
Equity of 4000 to start the business with 3600 for a mining rig (depreciated over a year):
100 a month in electricity
800 a month in profits from mining
300 a month in depreciation of the rig
_________________________________
$700 cash in the company bank account monthly after paying electricity
Only $400 of that is taxable (after depreciation on your machine)

***

Debt of 4000 loan to start the business with 3600 for a mining rig (depreciated over a year):
100 a month in electricity
800 a month in profits from mining
300 a month to pay back the loan for the rig
300 a month in depreciation of the rig
_________________________________
$400 cash in the company bank account monthly after paying electricity
$300 back in your bank account after your loan being repaid
Only $100 of that is taxable (provided you didn't make interest on the loan)

***

Equity vs debt runs into issues when you start looking at your financial ratios (leverage, quick, current, etc.) but if you're not a huge corporation it has no importance.  The importance for you should be in the tax liability.  These scenarios are given no type of slack for appreciation or loss of value based on exchange rate.  This is complex because of the exchange rates but you should always give yourself enough CASH slack to pay your operating expenses (rents, electricity, etc.).  I started my business with 3k in cash.  I used that for operating expenses until last month when I finally converted a lot of crypto into fiat (and took a huge loss on it due to realizing gains when BTC was above 19k).

In crypto, like anywhere else, your profits are listed when it is EARNED not when it is converted into CASH (although you may have another round of profits if BTC/USD has increased)

Anybody else get 330+ emails about coupons from Bitmain just last night?

Remember when they opened offices in Switzerland?  Notice around that time they accepted USD wire transfers for all transactions?

"Also remember that NVIDIA has recently said that GeForce graphics cards are for gamers, and not miners, with the company already making retailers aware of this."

https://www.tweaktown.com/news/60812/nvidia-block-geforce-gtx-20-series-cards-mining/index.html

NVIDIA is not happy that cards are being taken away from gamers.  I wish they would actually make gaming specific cards and mining specific cards because there is a very different supply, demand, and hence equilibrium price for each.  I am a miner, and I have 10 GTX 1070s running at all times.  But I still don't think its fair to monopolize the supply.  Why should gamers suffer because of miners?

I respectfully disagree.  It is absolutely not the same, as far as I'm aware.  The electricity costs and other costs for my S9 means that I pay about $2,500 for 1BTC with mining, while it trades for $11,000.  So if I'm converting $2,500 to $11,000 (or on a smaller scale $250 in costs to $1,100) how is that the same as buying coin at $11,000?

Guys, taxes are very tricky.  Please please please talk with a tax specialist.  But I’ll put it like this: anything conducive to mining is an expense if you’re paying for it.  (Rent, internet connection, electricity, etc)  Remember that your equipment will also be depreciating depending on its useful life and it’s salvage value.  You subtract all of that from your profits.

Let me give you a situation that just happened to me:

Been mining for the last two months.
Proceeds at prices when received $3,000+
Sale price when converted to USD $2,100
(Because prices are down comparatively)
So I listed $3000+ in revenues earned

Depreciating ran $476 a month
Loss on capital sale ran $900 (when converting to USD)
Electric ran $150 a month
Rent at my office space ran $550

So I had 3252 in EXPENSES on 3000 in REVENUE
Technically I’m at an OPERATING LOSS OF $252
So I don’t have to pay taxes on any of that
But my cash USD after paying rent and electric is $700
And I didn’t pay anything at all in taxes

Had prices went up, I’d actually PAY taxes but be a lot more profitable
Thankfully I don’t now have to pay taxes on that money

Has anyone heard that the 20 series would be made to not support any type of mining?

They've been in stock for the longest!  I think every one is either scared of price drops (not me at all) or difficulty increases (kind of me).

Is it really that cheap to run a 30 amp circuit?  What about rewiring for the outlet?

I’ve had experience with the EVGA 1600 P2 running an antminer on a 20A circuit for months nonstop and have had no issues thus far.  The 15A circuit wasn’t enough to support it.

Just tried to open a secondary business account, this time at capital one instead of my local bank.  In the online process they asked me if I would be dealing in any kind of crypto-currency.  Specifically the question asked for the creation, sale, or exchange of digital or virtual currency.  As a miner operating an legitimate corporation, I answered honestly under the CFTRA and was denied a business bank account.

Well, if they don't want my USD proceeds after I have traded digital currencies, I will have to find another bank that does.  SunTrust doesn't seem to mind my deposits.

Not only that, investors who truly want to hedge against the market should be looking at BTC and other cryptocurrencies.  They have a .01 correlation with the stock market as a whole, which means that even when DJI and S&P lose you won't.