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Hi guys.
Out of curiosity, what are you earning with bounty campaigns?
I think I'm somewhere near 1K USD/month, but I guess there have to be people here who are earning lots more.
Kind regards
EDIT:
As many people do not believe these profits, I will explain how I make them.
I focus on the translation campaigns (dutch). A translation pays +- 3 ETH on average. I have only started (only 1 translation has been paid, I received +-2 ETH), but as I can make up to 3 translations/month (currently working on 2 more), this would get me 9 ETH/month. As not every project is succesful, let's say I will receive 4,5 ETH/month.
Do not focus on signature campaigns or social media campaigns, these are the crumbs (especially for members with lower ranks) while translation campaigns are probably the bread.
I use the Bountyhive platform to manage my bounty participations, this platform makes it possible to be enrolled in 10 campaigns at the same time, without having to report.
Out of curiosity, what are you earning with bounty campaigns?
I think I'm somewhere near 1K USD/month, but I guess there have to be people here who are earning lots more.
Kind regards
EDIT:
As many people do not believe these profits, I will explain how I make them.
I focus on the translation campaigns (dutch). A translation pays +- 3 ETH on average. I have only started (only 1 translation has been paid, I received +-2 ETH), but as I can make up to 3 translations/month (currently working on 2 more), this would get me 9 ETH/month. As not every project is succesful, let's say I will receive 4,5 ETH/month.
Do not focus on signature campaigns or social media campaigns, these are the crumbs (especially for members with lower ranks) while translation campaigns are probably the bread.
I use the Bountyhive platform to manage my bounty participations, this platform makes it possible to be enrolled in 10 campaigns at the same time, without having to report.
I am a newbie in bounty so not much to share about. But Thank You for the bountyhive link, this one is too handy!
Wow! Love the idea, at least the gpu is actually doing something in the real world, instead of solving algo which has no value in reality. Too bad I don't have 50+ gpu to participate! But will keep an eye on this project!
I mine currenctly XMR (not so great) but bether then ETN. XMR has some value. ETN only dropped in value.
There are much better alternatives for CPU-mining.
I'd recommend checking for coins using the Argon2d-algorithm like Credits (CRDS), Dynamic (DYN) or Nimiq (NIM).
According to my experience I'd say Nimiq is the most profitable "CPU-only coin" currently (just make sure to use the external miner and not the browser-mining).
Credits (CRDS)
Website: https://crds.co/
Pool: https://beastpool.com/
Miner: https://github.com/BeastPool/cpuminer-argon2d/releases/tag/v3.8.3.3
Discord: https://discordapp.com/invite/Hq7dKhh
Dynamic (DYN)
Website: https://duality.solutions/
Pool: https://beastpool.com/
Miner: https://github.com/BeastPool/cpuminer-argon2d/releases/tag/v3.8.3.3
Discord: https://discordapp.com/invite/NCCPaJd
Nimiq (NIM) ★
Website: https://nimiq.com/
Pool (list): https://www.reddit.com/r/Nimiq/comments/8gb8bi/a_list_of_all_nimiq_pools_available_right_now/
Miner: https://github.com/nimiq-network/core (Official - for pool-mining check the respective pool's instructions)
Discord: https://discordapp.com/invite/cMHemg8
Reddit: https://www.reddit.com/r/Nimiq/
Note: Supported by Ledger Nano S, Hashrate seems to be higher on Linux (you can use a Windows Subsystem for Linux (WSL) but make sure to read this if you're using a WSL: https://github.com/nimiq-network/core/issues/387)
There may be more profitable alternatives I haven't tried yet.
thanks I would check it out tommorrow. I use a virtual box for linux.
Do you use for all three linux ? I have it running now in windows. I wil test it 5 hours in windows and 5 hours in linux vm. We shall see the results.
Hi,
Yes, I was using Linux (Ubuntu) for all three of them but right now I'm only mining NIM.
https://miner.beeppool.org/ may also increase your hashrate and should be compatible with WSL (https://docs.microsoft.com/en-us/windows/wsl/install-win10).
I mine NIM too, with VPS. You doing it with your own cpu?
Well, it is possible for sure, but it will need a long time to happen most likely. We remember that a year ago the price was around $20k, so everything is possible and don't forget that Bitcoin is the most successful cryptocurrency and it have the most promising potential as well.
I think it will need a few years until Bitcoin reach again $20k and then increase to $25k or more.
I think it will need a few years until Bitcoin reach again $20k and then increase to $25k or more.
Totally agree, many people think bitcoin will start climbing in August like last year but it is more likely the bear market will extend until Q3 2019. It will be another dark year for crypto. Just hodl on fellow investors.
quote condensed...
Hey thanks for the tips, I basically did the same thing as you suggest by going slow, warming up the rig before doing regular OC and equihash algo. Luckily that worked well.
No problem, glad it worked out for you. Been mining since 2013 so I've seen so many things I could never claim to remember them all. Just hang in there and be patient... seems like you'll be fine
Cheers mate. Honestly it is a tough time for us miners. Not too many choices of coins to mine in profit.
I read that post that you're referring to. The problem is that you are either denying or not acknowledging the lost of opportunity. Mining is a hedge against a coin failing. Essentially you can say that can sell the equipment (well GPUs anyway) for nearly purchase price in the event of a coin failing. On the contrarian position - somebody who buys the coin doesn't have to sit there everyday to make sure stupid Win 10 update hasn't taken a miner offline or that the pool you're mining at is skimming of the top or even worse running away with your crypto. The person who bought it can spend the time saved earning more money to pay for the gamble or has the chance to exit quickly if they need to.
Once you have coins in hand you know exactly what your break even point is - the price at which you bought in at plus exchange fees. People who bought ETH last year at $300 should have sensibly sold some (if not all) at $1200 to $1500. Once simple click would have resulted in 5x fiat profit, and should they like - they could always rebuy the ETH now and get 5x as much.
Of course this is all hindsight - but it does show the dichotomy - the strengths and weaknesses of both. If you had lots of capitol and were willing to take 100% loss people should have bought coins and not mining eq. If they wanted to just put 1 foot in the crypto ocean - they build rigs.
Here's hindsight - ETH had fallen all the way to $10, even $7 during last January when DASH starting during it's insane rise. Nobody wanted ETH (well except the believers - Polo trollbox chat showed this). If you bought then you would be up 30x from just holding 6 months longer than somebody buying in July. That's why it makes sense to look at the big picture.
ETH is the perfect of example of a coin that you shouldn't have mined (even though I did). If you bought the coin at launch is was sub 1 penny. You could never mine as much ETH with a single RX 480 going full tilt to today as if you had spent all the money on the coin at ICO.
So - if you expect the coin to fail mine it. If you expect it to succeed buy it (at least well timed buys - doesn't take a genius to not buy ETH at 1500 or BTC at 20K+).
Miners really should spend time reading the speculation and investing parts of this forum. Sticking your head into the mining forums 12 hours a day seeing if they can eek out 1 more sol out of 1060 by changing drivers or tweaking with settings are missing the forest through the trees.
Bitcoin sat dead after hitting $1200 for 4 years with most of the world saying it was dead. It dropped from $1200 to $100. With all that idiotic ICO money thrown at scams last year, the ETH demand is just going to keep going down - it's a race to the bottom.... until some major trigger.
Buying coins vs buying hardware is a debate as old as the moon. I have never bought a single coin with my money. I only bought hardware. Sure, would I have bought ETH at 20$ instead of an entire rig that, before the ice-age, would have brought in like 0.5 ETH a day, I'd still be up 1000% today.
But what you are forgetting in you analysis, is that in contrary to coins/tokens, hardware like GPU is something tangible. People are much more likely to be ok to fork out 300$ for a GPU they can hold in their hands than some coins they can never actually touch or hold. you can't deny that cryptos, all of them, are still a very risky venture. Even ETH at 200$ is still risky. Hardware on the other hand has a value depreciation you can estimate pretty easily over a period of time. Hell I'm sure I could sell mine easily for a 100$ today while they will have paid for themselves numerous times.
Also not everyone is a trader and not everyone has a capacity to evaluate a good entry position (or exit position). Trading is not idiot-proof, far from that.
I'm not forgetting it in my analysis. Read the previous post I made. I said if a person enjoys watching the fans spin and is genuinely entertained by mining well then more power to him/her. You can't buy happiness, but you can buy enjoyment by subsidizing bad mining practices
I'm not here to take away anybody's enjoyment, but if you are in mining to make money it does not make sense to mine during a loss period.Again please refer to my previous post where I said mining equipment is used a hedge against a coin's failure. You should mine coins that you think will fail. The ones you genuinely believe in you should buy because you're not going to let some market manipulation dissuade you from being part of it.
I've been mining since 2011. I'm old as dirt compared to most of you. I once had a farm that approached 0.5% of the BTC network when BTC was "dying". I know how much fun and headache mining can be. BUT... almost every mistake I've made so far can be attributed to emotional reactions and deviating from my plan I set forth. Crypto miners need to think with their heads and not their hearts for maximal profits.
I agree with most of your points, and even the buying coins not mining coins part - to some extent. Mining is more like financial planners tell you to do, dollar averaging in your investment. You never know what will happen to the market, and at what point in a cycle we currently at. What if the market is slowly dropping for 2-3 more years, and after that back to bull market. You will be hodling a large bag if you sell your equipment now and buy coin directly, you would be better off to buy it next year, or 2020? This is how dollar averaging works better for market fluctuation. But of course if you see the market recovering very shortly you should sell all your rigs and buy coins right now.
Anyhow mining with loss is always a dumb choice, unless the guy enjoy happiness from it like you said.
I understand it depends on electricity cost and other "future value" thinking but at what price point of ETH, people plan to stop rig?
yes, people "who might mine Ethereum will continue to do, for example they still have capital for electricity costs, and even though Ethereum prices are currently down and for example the results do not match the costs incurred, but a miner has thoughts and hopes that Ethereum prices will rise even higher.That just doesn't make sense, if you mining and plan to hodl ETH you must think positive about its future price right? Then why not buy with fiat and get more ETH out of it.
I shut all my 1080s off once profits went under $1 per card after electricity. Z9 minis are still doing nicely though. Hopefully a big pump after a Bittrex listing for the ZCL/ANON fork makes the minis really profitable. Kids (4) are all happy to have a nice gaming rig on every TV in the house though after re-purposing some of the mining cards. No more fighting about playing PUBG, Fortnite and Minecraft now.
Have you seen the tweet yet?
If you spent $5 on electricity but only get $3 of XMR you're losing $2 of XMR you could have bought on an exchange. That's is completely irrespective of owning a miner or not.
...
If your goal is to make fiat money from crypto conversion, then it never makes sense to mine at a loss. NEVER.
...
If your goal is to make fiat money from crypto conversion, then it never makes sense to mine at a loss. NEVER.
I see your point and it is logically valid. Howerver, mining is almost never irrespective of owning a miner or not. It does make sense to simply buy from an exchange, but you may not be considering the factor that people who already have a miner, are already too invested to accept that they have lost. People who are mining at a loss are probably still in denial or are too lazy or passive to realize that they need to sell their equipment.
Yes I think it's logical to stop mining at losss. But selling the rig or not is another question.
Re: [FORK] ANONymous ($ANON) Hardfork ZCL+BTC 10 september
Any update on the release date on the wallet? The project appears to be good and not a bad idea to run few masternodes with some mining.
No official news about it yet.
I don't understand mining at loss too. If you believe in future of crypto you should buy at market price, instead of mining at loss. You can buy more coins for the money than mining it.
There are still months away before FPGA being widely used. The popular models are running into supply problem, and the mining software is limited so only handful of algo can be mined at the moment (except those programmed privately).
I would say same goes to the new GPU, the supply will be very limited in the first few months. You won't be in a huge disadvantage until a year later if you mine with current generation of GPU.
I would say same goes to the new GPU, the supply will be very limited in the first few months. You won't be in a huge disadvantage until a year later if you mine with current generation of GPU.
Consider the source. If your source has 100's of GPUs and you have a dozen or so.. well, he is going to see a lot more of the rare distributions of capacity failures. But if you are looking for good maintenance practices then I can say:
1) a slow steady burn in of any electronics is always good as compared to slamming it with maximum duty cycle. When you come back home from vacation, do not unpack... go directly to your basement and turn on the lights so you can see your glorious mining rigs. Then press the button on your 2-wire power button to your mobo and let it boot into the OS but DO NOT start the miners! Go unpack. Come back in an hour or so and make sure all your system is running fine still without any miners running.
2) Check temperatures at your baseline/no duty cycle. If there are high temperatures here then sort this out before proceeding. May need to reboot, check gpu connections, reinstall drivers, or... you may have found a bad component in your build which should be replaced before continuing.
3) Choose a lower power algorithm such as cryptonite or Lyra2z and then do some test mining on these with NO overclocking.
4) continue watching temperatures. I recommend a handheld thermal imaging device or a laser temperature gun and point this at various points on you GPUs and the compare temperatures between them. with equal spacing between cards and a nice controlled environment you shouldn't see very large differences between various GPU components.
5) Stop the miners, activate your MSI afterburner or OC tool you use, make your OC/undervolt/power settings, and start the algo of your choice.
6) Monitor your temperatures and mining performance. Is one card terribly hot or is some other card hashing at 1/2 speed (this happened to me recently)?? If so, I recommend disable/enable GPUs in the device manager and then retrying the OC/mining software. If it's still weird, then do a reboot and try again. If it's still weird uninstall/reinstall drivers using the uninstall/cleaning software from GPU guru website.
Good luck!
edit: just joking about "do not unpack" please don't let the internet control your behavior!
1) a slow steady burn in of any electronics is always good as compared to slamming it with maximum duty cycle. When you come back home from vacation, do not unpack... go directly to your basement and turn on the lights so you can see your glorious mining rigs. Then press the button on your 2-wire power button to your mobo and let it boot into the OS but DO NOT start the miners! Go unpack. Come back in an hour or so and make sure all your system is running fine still without any miners running.
2) Check temperatures at your baseline/no duty cycle. If there are high temperatures here then sort this out before proceeding. May need to reboot, check gpu connections, reinstall drivers, or... you may have found a bad component in your build which should be replaced before continuing.
3) Choose a lower power algorithm such as cryptonite or Lyra2z and then do some test mining on these with NO overclocking.
4) continue watching temperatures. I recommend a handheld thermal imaging device or a laser temperature gun and point this at various points on you GPUs and the compare temperatures between them. with equal spacing between cards and a nice controlled environment you shouldn't see very large differences between various GPU components.
5) Stop the miners, activate your MSI afterburner or OC tool you use, make your OC/undervolt/power settings, and start the algo of your choice.
6) Monitor your temperatures and mining performance. Is one card terribly hot or is some other card hashing at 1/2 speed (this happened to me recently)?? If so, I recommend disable/enable GPUs in the device manager and then retrying the OC/mining software. If it's still weird, then do a reboot and try again. If it's still weird uninstall/reinstall drivers using the uninstall/cleaning software from GPU guru website.
Good luck!
edit: just joking about "do not unpack" please don't let the internet control your behavior!
Hey thanks for the tips, I basically did the same thing as you suggest by going slow, warming up the rig before doing regular OC and equihash algo. Luckily that worked well.
@GPUHoarder, what about the new upcoming Nvidia Turing RTX 2000 Series? Will it work with the Acorn M.2? I know they are not out yet but is there any reason why it shouldnt work with the new series?
As these are not out yet we can not promise anything with 100% certainty, but at this time we see no reason why the new generation of GPUs wouldn't work with Acorn.
I think the main restriction will remain to be motherboard support.
Re: [FORK] ANONymous ($ANON) Hardfork ZCL+BTC 10 september
Anon has no pre mine, and the dev team has been pre paid for a full one year compensation. It's all written on their whitepaper and they are following everything they said so far, with complete transparency. They delivered exchange support for fork, 3 weeks prior to the fork, have you seen any other fork accomplished this? This is not a scam coin, a total legit project with long term view.