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DPete27
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Re: So who here is actually mining?

Fri Jul 14, 2017 10:55 pm

How long should it take an RX480 to produce 0.2 Ethereum? I've been mining for nanopool for a week and my account balance is still zero.

When setting up claymore, do you enter your coinbase/geth address as the place to receive your payments? I set up a coinbase account also, but the Ethereum wallet there is different than the address you get by entering in cmd "geth attach, eth.coinbase". If I was supposed to enter my coinbase wallet code and not my geth address would I basically sacrifice all the mining I've done over the past week if I change it now?
Main: i5-3570K, ASRock Z77 Pro4-M, MSI RX480 8G, 500GB Crucial BX100, 2 TB Samsung EcoGreen F4, 16GB 1600MHz G.Skill @1.25V, EVGA 550-G2, Silverstone PS07B
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freebird
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Re: So who here is actually mining?

Sat Jul 15, 2017 1:24 am

DPete27 wrote:
How long should it take an RX480 to produce 0.2 Ethereum? I've been mining for nanopool for a week and my account balance is still zero.

When setting up claymore, do you enter your coinbase/geth address as the place to receive your payments? I set up a coinbase account also, but the Ethereum wallet there is different than the address you get by entering in cmd "geth attach, eth.coinbase". If I was supposed to enter my coinbase wallet code and not my geth address would I basically sacrifice all the mining I've done over the past week if I change it now?


Add your wallet to the end of this link to check how much you have earned and hash info... if you are mining with nanopool.org I use the Mist Ethereum Wallet (GUI for geth)
https://eth.nanopool.org/account/EthereumWalletAddress
 
kvndoom
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Re: So who here is actually mining?

Sat Jul 15, 2017 9:13 am

Ugh... me in 2009: "Bitcoin? That looks really stupid. Who would waste their electricity doing that?"

Me in 2013 when BTC hit $1200: "OMFG, I could have retired at age 41."

Hindsight and all that...
An unenforced law is nothing more than a suggestion.
 
frumper15
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Re: So who here is actually mining?

Sat Jul 15, 2017 10:38 am

I'm trying out Nicehash for mining on my GTX1080 and i7-6700k and according to my current pace and workload mix, I will "earn" $98 and pay $13 in electricity to generate it in a month. From what I can tell I should have a BTC deposit in my Coinbase wallet in a couple of weeks at which point I'll probably try to buy a game off steam or something from Newegg to make it "real" for me. I'm not looking to get rich by any means but for a curiosity that I can turn into actual things of value (with a higher electric bill to match) it's interesting to me. Who knows, if I can fund hardware upgrades at a fraction of the cost (that can then also generate on their own potentially) or the occasional fun game I think it makes sense. Or, maybe the market will crash and I'll be out what I put into it, which I don't intend to be anything I'm not willing to lose.
i7-6700K | Z170X-Ultra Gaming | 32GB DDR4-2400 | EVGA GTX 1080 | 256GB SAMSUNG SM951 M.2 | 27" ACHIEVA 2560x1440 LED | Nanoxia Deep Silence 3 | EVGA SuperNOVA 550G2 | Win10 Pro x64.
 
anotherengineer
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Re: So who here is actually mining?

Sun Jul 16, 2017 12:46 pm

nope

electricity here is about 25 cents/kw.hr.

I will save my RX480 my occasional gaming.
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Noinoi
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Re: So who here is actually mining?

Sun Jul 16, 2017 8:43 pm

I'm still mining with NiceHash, but I think I'll only do it up to the next payout and then I'll decide where to go from there. If nothing else, it at least lets the GPU do something for me while I'm out.
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just brew it!
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Re: So who here is actually mining?

Mon Jul 17, 2017 5:58 am

kvndoom wrote:
Ugh... me in 2009: "Bitcoin? That looks really stupid. Who would waste their electricity doing that?"

Me in 2013 when BTC hit $1200: "OMFG, I could have retired at age 41."

Hindsight and all that...

You can't beat yourself up about stuff like that. If I'd gone to work for (or even just bought some stock in) Microsoft when I got out of college I could've probably retired years ago.
Nostalgia isn't what it used to be.
 
Heiwashin
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Re: So who here is actually mining?

Mon Jul 17, 2017 7:26 am

Yes it's a fundamental feature of investing that there are some tens of thousands of missed opportunities, and equally as many disastrous money pits. It's easy to call them hindsight, but many a people have lost a lot of money actually trying to"make calls". Also Bitcoin was a huge risk of failure several times during exploits and other such problems. I doubt that anyone would have put a meaningful amount of money in them early and left it there to date. It almost would have been negligent to do so.
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DPete27
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Re: So who here is actually mining?

Mon Jul 17, 2017 4:39 pm

Pulled the plug on my mining this morning. With the value of Ethereum dropping every day and the difficulty increasing it's just not worth it IMO. I figured it takes my RX480 10 days to generate 0.1 Ethereum now (IIRC the difficulty has roughly doubled in the last 1.5 months). I really wanted to get one 0.2 ETH payout from nanopool before I quit, even though I started late. But I figured what am I going to do with $20? Especially since it would require me to set up a secondary paypal account (don't trust the system) and all the BS that comes with cashing in ETH for USD.

0.15 ETH/month * $185 = $28 before I subtract electricity ~86kWh * $0.14 = $12 so I'd only net $16/month or so. And it'll be worse next week, and worse the week after that.
Main: i5-3570K, ASRock Z77 Pro4-M, MSI RX480 8G, 500GB Crucial BX100, 2 TB Samsung EcoGreen F4, 16GB 1600MHz G.Skill @1.25V, EVGA 550-G2, Silverstone PS07B
HTPC: A8-5600K, MSI FM2-A75IA-E53, 4TB Seagate SSHD, 8GB 1866MHz G.Skill, Crosley D-25 Case Mod
 
southrncomfortjm
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Re: So who here is actually mining?

Mon Jul 17, 2017 4:42 pm

DPete27 wrote:
Pulled the plug on my mining this morning. With the value of Ethereum dropping every day and the difficulty increasing it's just not worth it IMO. I figured it takes my RX480 10 days to generate 0.1 Ethereum now (IIRC the difficulty has roughly doubled in the last 1.5 months). I really wanted to get one 0.2 ETH payout from nanopool before I quit, even though I started late. But I figured what am I going to do with $20? Especially since it would require me to set up a secondary paypal account (don't trust the system) and all the BS that comes with cashing in ETH for USD.

0.15 ETH/month * $185 = $28 before I subtract electricity ~86kWh * $0.14 = $12 so I'd only net $16/month or so. And it'll be worse next week, and worse the week after that.


Yeah, oh well. Really wish the sale of my RX 480 would have stuck. I'll take my $112 in "profit" from the restocking fee and the $20 I've made off of actually mining and call it a mining career.
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10

HTPC: i3 3225/H77/8gb g.skill 1.25v/1+2TB HDD/Asus BR/Silverstone GD05B/Antec 380w/Win10
 
Kougar
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Re: So who here is actually mining?

Wed Jul 19, 2017 11:29 am

Better sell them quick then DPete. Used mining cards are starting to flood craigslist here... one person alone has a half-dozen R9 380's selling for $150 each, which is already undercutting ebay by a good margin.
 
meerkt
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Re: So who here is actually mining?

Wed Nov 08, 2017 2:02 pm

What's casually mineable nowadays with CPU or low-end GPU?
Not looking for big gains, just a way to convert electricity to cryptobucks.
 
JustAnEngineer
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Re: So who here is actually mining?

Mon Dec 11, 2017 9:50 pm

Damned miners are destroying the planet...
https://www.yahoo.com/news/bitcoin-mini ... 17809.html
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Kougar
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Re: So who here is actually mining?

Mon Dec 11, 2017 10:27 pm

JustAnEngineer wrote:
Damned miners are destroying the planet...
https://www.yahoo.com/news/bitcoin-mini ... 17809.html


I guess that's one way for Trump to revitalize the coal industry. :P

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