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Showing 15 of 15 results by mediaboy
Lol i didnt even know banks offered lending to crypto mining startups?! Where i live u gotta bank it urself. Why would a bank take a risk like that? Its not very smart. And their bottom line is all about profits, but i guess this shows that we are back to square one again and 2008 will happen soon again. 
You dont know how profound this comment is. In many ways we are back to 2008! This time the bubbles are everywhere thanks to reckless central banksters. Thats what they do anyways , manage the situation from one crisis to the next crisis. So much more profitable that way.
All the "other" coins that will still be mine able are shit coins. So if you dont mind dealing in shit coins / pump and dump frauds then yes GPU still have a future. If you dont want to lend your resources to these coins then get all the Eth that you can right now.
Re: [Mining OS] SimpleMining.net - Easy to use GPU MINING Operating System
Anyone seen situation where miner is working fine - i see it updating in my SSH session and also on the pool. However smOS is showing the rig is offline.
If I attempt a new SSH session into the same rig, SSH fails to connect (my persistently running SSH session is still OK). I do not have physical access to rig at the moment.
If I attempt a new SSH session into the same rig, SSH fails to connect (my persistently running SSH session is still OK). I do not have physical access to rig at the moment.
Uninformed people read these clickbait bullshit article about the death of cryptocurrency and believe it to be true. What we are seeing is the prices settling down after a period of unprecedented growth.
For example lets look at ethereum:
11/1/2017 - $305
12/1/2017 - $444
1/1/2018 - $750
1/30/2018 - $1156
This shows crypto is stronger than ever. It also shows how valuable the token has become. When a token rises in price, people start mining it, pushing profitability down as the difficulty rises. This is a normal function of the ecosystem and in no way means there is a problem or a crash about to occur.
Also, if you are using whattomine and chasing profitability day by day, it shows you have no understanding of how to properly mine for future profit. People mining aren't looking to convert their coins the second a payment hits your wallet (if you dont do this the whattomine calculations become increasingly irrelevant after a few hours). You should be mining coins with the intention of keeping them so that you can profit in a large way later on down the road. A shortsighted approach to mining will cause nothing but pain.
E.G. I was mining ETH when it was $8.50 per token. I held onto all of those tokens and now they are worth ~$1100 each.
Mining is a long game, plain and simple. If you fret over it daily you will be miserable and probably not want to continue.
For example lets look at ethereum:
11/1/2017 - $305
12/1/2017 - $444
1/1/2018 - $750
1/30/2018 - $1156
This shows crypto is stronger than ever. It also shows how valuable the token has become. When a token rises in price, people start mining it, pushing profitability down as the difficulty rises. This is a normal function of the ecosystem and in no way means there is a problem or a crash about to occur.
Also, if you are using whattomine and chasing profitability day by day, it shows you have no understanding of how to properly mine for future profit. People mining aren't looking to convert their coins the second a payment hits your wallet (if you dont do this the whattomine calculations become increasingly irrelevant after a few hours). You should be mining coins with the intention of keeping them so that you can profit in a large way later on down the road. A shortsighted approach to mining will cause nothing but pain.
E.G. I was mining ETH when it was $8.50 per token. I held onto all of those tokens and now they are worth ~$1100 each.
Mining is a long game, plain and simple. If you fret over it daily you will be miserable and probably not want to continue.
You have sold nothing along the way? Not saying your hodl philosophy is wrong however i can totally understand why someone would sell what they have mined. The story could end at much lower prices too. Again not saying that will happen but it could happen.
Hey guys, new to mining but have option to grab either 5 1080TI-s or 5 Vega 64-s
1080-s are slightly used (used for gaming on tournament), Vegas are new
I cant take all of them, either GTX or Vega
What would you advice ?
1080-s are slightly used (used for gaming on tournament), Vegas are new
I cant take all of them, either GTX or Vega
What would you advice ?
What are you planning to mine? If your doing something like cryptonight (monero) the choice is obvious. Go with the Vegas
If Equihash then you need to be looking at 1080's. If power is a limiting factor then you should be leaning towards Nvidia
No clear cut answers, each of your available choices have strengths and weaknesses. The question is what are you planning to do?
Re: Bad time to get into GPU mining - yes or no? Share your thoughts!
At this exact moment, I'd say it's a bad time to get into it. The difficulty really doesn't matter because there are always new alt coins to mine but the hardware is a different story. I've been piecing together a new rig and the prices of GPU's I've been looking at have jump $30-40 IN A WEEK, and that's if you can even find them in stock. On top of that newegg is limiting the number of GPU's you can order to one (at least on the gigabyte 10 series I just ordered). Everything may change tomorrow but for today you better expect some headaches when buying the hardware.
People - the OP states he already has the GPUs, so most of the concerns you mention don't apply to him. His question is in regards to expectations on ROI for a new miner.
IMHO - if you have already secured the hardware and you paid near MSRP for it, you should mine. Your expectations to just recover costs is very reasonable. Anything beyond that is just a nice bonus until you decide to discard the gear.
You can hedge buy selling half of your coins in 2 to 3 months if prices are still flat - or just sell enough coins to recover the hardware costs.
All cons people write only suggest they never bother to read your post. You have the cards already - either sell them quickly or mine.
Either way you are in good shape as far as recovering your costs. Mining has the potential to give you much greater returns in the longer term.
As far as running a mixture of AMD and Nvidia cards on the same rig, your mileage will vary on that. My setup doesnt support that but i am sure others have that working. Keeping it all in one rig and running it stable is crucial to that ROI.
Re: At today's prices it would take 10 months to pay back 1 1080ti before you made $
look 3 months back, 5 USD with 1080ti was normal... than it boosts up to 15...
Who is making $15 per day mining with a gtx 1080ti? the thing is barely making $5 and a gtx 1080 is being sold for $1200, using the calculator + total cost will return your investment in 400 days.
If you are paying 1200 for gtx 1080 the joke is on you. I spent less than that on TWO 1080 gpu's. ROI would be around 5 to 6 months.
Sorry if this was already answered but if I'm using v 3.9 of the Claymore Miner am I susceptible to the following attack if I am using the default configuration with no command line switches defined for remote management or password?
https://www.bleepingcomputer.com/news/security/satori-botnet-is-now-attacking-ethereum-mining-rigs/
https://www.bleepingcomputer.com/news/security/satori-botnet-is-now-attacking-ethereum-mining-rigs/
Unless you use your mining computer for something other than mining i would think your OK. Its the folks with a couple of graphics cards in a gaming computer that i think would face the most risk.
Re: [Mining OS] SimpleMining.net - Easy to use GPU MINING Operating System
How are people monitoring rigs on smOS? Today I had a situation where the rig went down for 5 hrs (overnight) . My pool has email notifications when worker offline but that's not guaranteed to work and its just an email that is buried with all the other emails received - not a good way to catch and resolve issues.
Also would enabling /var/log/messages help to determine why smOS is crashing? I dont have aggressive OC settings. 0,1100,70 mostly 1060's with temps around 71C (which is kind of high i think).
Thanks in advance
Also would enabling /var/log/messages help to determine why smOS is crashing? I dont have aggressive OC settings. 0,1100,70 mostly 1060's with temps around 71C (which is kind of high i think).
Thanks in advance
Re: [Mining OS] SimpleMining.net - Easy to use GPU MINING Operating System
How do you turn off the rig safely?
Just kill the power?
Just kill the power?
If you are running on a USB stick i would not just kill power - you will eventually have corrupted file system requiring fsck to fix. I usually ssh into the rig and run sudo shutdown -h now
That should unmount file system clean and turn off the system including the hardware (GPU fans, cpu fans etc stop spinning).
Anyone care to state why Ethereum on Nvidia is such a bad idea? Several have parroted that sentiment on this thread but no reasons as to why. I see lots of folks mining ethash coins on Nvidia.
I have an EVGA supernova 750w PSU. This a secondary PSU that will only have 6 risers, 3 1060's and 3 1070's. All GPUs are undervolted to consume around 500W in total. Is it safe to split the GPU power between a 8 pin 1070 and a 6 pin 1060?
My plan was to put the 1070s on their own PSU VGA port but i will have a 1070 that needs to share a VGA port with a 1060. I am concerned about the power splitter itself - maybe its to much for the splitter? Just want to be safe about it......
My plan was to put the 1070s on their own PSU VGA port but i will have a 1070 that needs to share a VGA port with a 1060. I am concerned about the power splitter itself - maybe its to much for the splitter? Just want to be safe about it......
Re: [Mining OS] SimpleMining.net - Easy to use GPU MINING Operating System
I was looking into running SMOS and noticed in the change log the version of ethminer is 0.11. Will SMOS update that to the latest stable release of Ethminer soon? I want the hash rate reporting bug fix included in the latest stable release (version 0.12).
Thanks
Thanks