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southrncomfortjm
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So who here is actually mining?

Mon Jul 03, 2017 8:32 am

Not sure where to put this since there is no general discussion area. Since the biggest buzz around mining is the hardware side, this spot makes at least some sense.

I'm mining with my Rx 480 8GB, nicely undervolted, somewhere around 24.2 mh/s. Using Dwarfpool at the moment, but may switch to mining on my own. All I really want to do is early one coin myself.

Anyone else mining well with a 480? Anyone else using Dwarfpool? Anyone know how long it would take to get 1 ethereum coin at 24 mh/s?

Overall, unless you get at least one coin out of it, mining doesn't seem very profitable. Is it even worth it to mine now? I know almost nothing about proof of stake, but consensus seems to be that unless you already have coins POS will making mining even less profitable.
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
DPete27
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Re: So who here is actually mining?

Wed Jul 05, 2017 1:29 pm

Through my limited time (less than a week) of Ethereum mining and research, it sounds like 1 Ethereum "coin" would take nearly 2 months to generate on a single GPU. Hence it's more efficient to just join a mining pool and get paid in fractions of "coins".
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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Takeshi7
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Re: So who here is actually mining?

Wed Jul 05, 2017 2:32 pm

I'm getting about 68.2 MH/s from a GTX 1080 and 3 GTX 1050 Ti's.
 
southrncomfortjm
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Re: So who here is actually mining?

Wed Jul 05, 2017 2:34 pm

Yeah, I'm using NiceHash based on a recommendation from a user on this site. Works out pretty nicely. We'll see how long this keeps my interest. Earning $4 a day isn't that exciting, and I definitely don't want to damage my equipment given how impossible it will be to replace the GPU at a reasonable price.
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
freebird
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Re: So who here is actually mining?

Wed Jul 05, 2017 2:45 pm

Put my previous motherboard: ASUS Sabertooth 990FX v1.0 back into circulation with 2 R290s & 2 GTX 1060s in the basement for approx. 102 MHash. And will soon have 2 GTX 1070s in my work/gaming PC also mining 24x7 when not playing on... but I find I can play a game of Ages of Mythology or watch a movie with only a drop of one or two MHs. I've only recently started (beginning of June) mining, but the 1070s should both should be paid for by mid August, barring a crash in Ethereum prices.

BTW, I use Claymore's Dual Miner in Ethereum only mode and use nanopool.org as my mining pool, they pay out every .2 ethereum earned and I currently have .8 coins in my wallet. Now I have to setup an account on an exchange so I can actually realize some monetary "gain".

Don't forget all crypto coin mining is taxable according to the IRS.
Last edited by freebird on Wed Jul 05, 2017 2:51 pm, edited 1 time in total.
 
DrDominodog51
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Re: So who here is actually mining?

Wed Jul 05, 2017 2:46 pm

I am. Right now, I get approximately 31 MH/s from my slightly overclocked Fury.

I've decided that I'm going to fund any computer /software upgrades with only what I mine. I've already bought some games on Steam by converting Ethereum to Bitcoin.
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southrncomfortjm
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Re: So who here is actually mining?

Wed Jul 05, 2017 3:03 pm

Any idea what the life span is for a good quality consumer GPU that is running at 74c and 15% fan speed (650-700 rpm) for 24/7? I'm all for making essentially free money, but I don't want my GPU to crap out before Anthem hits (assuming it actually launches in August of next year, which I put at about a 5% chance).
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
just brew it!
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Re: So who here is actually mining?

Wed Jul 05, 2017 3:06 pm

It's only "free money" if you don't pay for your electricity.
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whm1974
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Re: So who here is actually mining?

Wed Jul 05, 2017 3:15 pm

just brew it! wrote:
It's only "free money" if you don't pay for your electricity.

This. Even getting it for free the high powered GPUs required for mining can get really expensive if there is a run on them. And BTW how often do miners replace their GPUs?
 
Takeshi7
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Re: So who here is actually mining?

Wed Jul 05, 2017 3:25 pm

whm1974 wrote:
just brew it! wrote:
It's only "free money" if you don't pay for your electricity.

This. Even getting it for free the high powered GPUs required for mining can get really expensive if there is a run on them. And BTW how often do miners replace their GPUs?

You kids get off my lawn!
 
southrncomfortjm
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Re: So who here is actually mining?

Wed Jul 05, 2017 3:39 pm

whm1974 wrote:
just brew it! wrote:
It's only "free money" if you don't pay for your electricity.

This. Even getting it for free the high powered GPUs required for mining can get really expensive if there is a run on them. And BTW how often do miners replace their GPUs?


I'm just wondering how often they have to replace them due to wear and tear. I figure the only thing that really wears out are the fans since the actually workload isn't super taxing on the card.
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
southrncomfortjm
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Re: So who here is actually mining?

Wed Jul 05, 2017 3:48 pm

freebird wrote:
Don't forget all crypto coin mining is taxable according to the IRS.


So are all the profits people are making from selling their GPUs.
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
Yan
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Re: So who here is actually mining?

Wed Jul 05, 2017 4:12 pm

southrncomfortjm wrote:
Any idea what the life span is for a good quality consumer GPU that is running at 74c and 15% fan speed (650-700 rpm) for 24/7?

My temperature is much lower, and my fan is much faster. It didn't occur to me to do it the other way around to avoid wearing out the fan. Perhaps that makes more sense.
 
southrncomfortjm
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Re: So who here is actually mining?

Wed Jul 05, 2017 4:23 pm

Yan wrote:
southrncomfortjm wrote:
Any idea what the life span is for a good quality consumer GPU that is running at 74c and 15% fan speed (650-700 rpm) for 24/7?

My temperature is much lower, and my fan is much faster. It didn't occur to me to do it the other way around to avoid wearing out the fan. Perhaps that makes more sense.


I don't feel like 74 is a really high temp for a GPU, but maybe I'm wrong. I'd rather wear out a fan than melt something.
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
DPete27
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Re: So who here is actually mining?

Wed Jul 05, 2017 4:24 pm

I suppose that depends on what the cost of replacement fans are for your particular GPU. Surely there's a balance to be struck between GPU temp and fan speed.

When I mined for a few days, my MSI RX480 hovered around 63C and 17% fans @ 1235MHz/930mV
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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Redocbew
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Re: So who here is actually mining?

Wed Jul 05, 2017 4:32 pm

Are fan failures really that common? I can't remember the last time I had a fan fail on anything even for old, sad, dirty machines brought to me by family members.
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freebird
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Re: So who here is actually mining?

Wed Jul 05, 2017 4:57 pm

southrncomfortjm wrote:
Yan wrote:
southrncomfortjm wrote:
Any idea what the life span is for a good quality consumer GPU that is running at 74c and 15% fan speed (650-700 rpm) for 24/7?

My temperature is much lower, and my fan is much faster. It didn't occur to me to do it the other way around to avoid wearing out the fan. Perhaps that makes more sense.


I don't feel like 74 is a really high temp for a GPU, but maybe I'm wrong. I'd rather wear out a fan than melt something.


Right, beside a "dead" fan is usually cheap and easy to replace a burnt out GPU/video card, not so much...
 
astrotech66
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Re: So who here is actually mining?

Wed Jul 05, 2017 6:06 pm

just brew it! wrote:
It's only "free money" if you don't pay for your electricity.


I'm mining with a GTX 1080 and a GTX 1060, which I had bought before I ever considered getting into mining.

I was already using the electricity because I was folding before I switched to mining. I'm using slightly less now by mining, actually, because my CPU was folding, but now it's idle.

We had solar panels installed on our house last week and they were turned on today. Our electricity bill, even with folding/mining, will basically be zero on average for the year.

So, for my particular situation, mining seems to be a win at the moment. With current prices, I'm making around $160/month, which doesn't sound like much, but every little bit helps. If cryptocurrency prices drop and I can't make money from it, I'll just switch back to folding. For me, mining is basically free, other than the wear and tear on the graphics cards.
 
The Egg
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Re: So who here is actually mining?

Wed Jul 05, 2017 9:16 pm

Forgive my ignorance here, but when folks say "I'm producing $__ per day", is that gross or net? If it's gross, how much is generally lost in the process of converting to a fiat currency and getting it actually deposited in your bank account?

Also, how often do you "cash out", and do exchanges try to discourage doing this frequently?
 
jdevers
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Re: So who here is actually mining?

Wed Jul 05, 2017 9:23 pm

I'm not mining currently, but I made a couple thousand dollars mining Litecoin and converting it to Bitcoin 4 or so years ago. Still makes me sick though that a friend of mine told me about Bitcoin in 2010 and it sounded stupid so I didn't start mining then...sure would be a nice view from my island :/
 
Kougar
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Re: So who here is actually mining?

Wed Jul 05, 2017 9:58 pm

I don't mine or crunch, but I do run Folding@home which isn't much different.

Redocbew wrote:
Are fan failures really that common? I can't remember the last time I had a fan fail on anything even for old, sad, dirty machines brought to me by family members.


Depends if the GPU is using junk sleeve bearing fans or ball bearing, amongst other factors. The dinky crap fans on my R9 380 began making lots of noise ~8 months after I got it, probably because on THIS model the dinky aftermarket fans are small and have to spin at extra high RPM. If I had bought the card I would've RMA'd it by now, but since I didn't have that option I just re-oiled the fans. Is a nice trick for sleeved fans that works as long as the old stuff isn't gunked up. But be sure you know what you are doing as they need a specific type of oil and gotta use it sparingly. Any excess and the fan will make sure to coat the motherboard and case in an oil spray.

Fans, power circuitry, and memory seem to be the things that fail on mining cards. Solder joints too might as well be mentioned. Sustained heat explore can affect all of those for the worse, but the power circuitry and soldier most of all. Had an inductor blow itself up on my Titan Black Hydro GPU two years in, best guess from the EVGA tech was a bad solder connection or the part itself had an issue, because the inductors were rated for temps well beyond what the card could have generated (and therefore are not cooled).
 
southrncomfortjm
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Re: So who here is actually mining?

Thu Jul 06, 2017 8:13 am

Redocbew wrote:
Are fan failures really that common? I can't remember the last time I had a fan fail on anything even for old, sad, dirty machines brought to me by family members.


No idea really. It just seems like fans would be the first thing to go after a few million revolutions.
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
killadark
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Re: So who here is actually mining?

Thu Jul 06, 2017 8:33 am

Yep using everything i have to Mine :D
GTX1070 29.6mh/s ETH, 685mh/s SC dual mining
Fx8350 400h/s XMR mining
2300gb in HDD space for Burst Coin Mining :D
Got a old laptop also helping in a bit with 130mh/s in SC and 100h/s XMR
Been 2 weeks made 1500 SC, 0.2ETH, 0.2XMR

Burst coin has 70PB space being used to mine....
The Internet Archive has Around 20 Petabytes of Data Stored. The Total Amount of Storage Being Used to Mine Burst is 70 PetaBytes

EDIT : Oh ya i live in Saudi Arabia so electricity is dirt cheap, to make things better its free for me XD
Last edited by killadark on Thu Jul 06, 2017 8:36 am, edited 1 time in total.
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Captain Ned
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Re: So who here is actually mining?

Thu Jul 06, 2017 8:34 am

southrncomfortjm wrote:
No idea really. It just seems like fans would be the first thing to go after a few million revolutions.

Um, do the math on a 7200 RPM hard drive running 24/7/365.
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just brew it!
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Re: So who here is actually mining?

Thu Jul 06, 2017 8:41 am

Captain Ned wrote:
southrncomfortjm wrote:
No idea really. It just seems like fans would be the first thing to go after a few million revolutions.

Um, do the math on a 7200 RPM hard drive running 24/7/365.

Hard drive bearings don't need to operate in a dusty environment.

Though with the practice of using larger diameter, lower RPM GPU fans these days, I expect that GPU fan failures are much less common than they used to be 10+ years ago.
Nostalgia isn't what it used to be.
 
southrncomfortjm
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Re: So who here is actually mining?

Thu Jul 06, 2017 8:59 am

Captain Ned wrote:
southrncomfortjm wrote:
No idea really. It just seems like fans would be the first thing to go after a few million revolutions.

Um, do the math on a 7200 RPM hard drive running 24/7/365.


How does that help? It's fans v. multiple spinning platters, plus the hard drive is also executing writes and reads, so there are multiple possible mechanical points of failure. All a GPU fan does is spin with no other moving parts in the GPU.

Plus I'd have to assume that, assuming everything else is equal, something spinning at 1000RPM last more than 7x longer than that same thing spinning at 7000RPM.

Bad comparison. Next?
Gaming: i5-3570k/Z77/212 Evo/Corsair 500R/16GB 1600 CL8/RX 480 8GB/840 250gb, EVO 500gb, SG 3tb/Tachyon 650w/Win10
 
Glorious
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Re: So who here is actually mining?

Thu Jul 06, 2017 9:14 am

Redocbew wrote:
Are fan failures really that common? I can't remember the last time I had a fan fail on anything even for old, sad, dirty machines brought to me by family members.


Miners seem to talk about it a lot, so I'd say yes. I've seen two fan failures on GPUs I've used personally (just for gaming, which in my case is a relatively light duty cycle), one on a 7850 in which it was a weird form-factor dinky little thing, and another that was more beefy on some Nvidia card from at least 5-6 years ago (can't remember the specific model).

I have a stack of video cards that have various issues, something like 6-7, so that's roughly a 33% failure rate attributable to fans, for what that is worth.

The guy who seems to be the most prolific miner here, Bensam123, incidentally reported numerous fan failures a few years back: viewtopic.php?f=16&t=94491#p1211346

Admittedly that was from like 3 years ago.

I'd have to guess it totally depends on the component choice of the card manufacturer, which can be hard to know.

At the end of the day, Video cards seem to be the second-most likely component in a PC to fail after HDDs. At least that's my experience.
 
just brew it!
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Re: So who here is actually mining?

Thu Jul 06, 2017 9:16 am

southrncomfortjm wrote:
Captain Ned wrote:
Um, do the math on a 7200 RPM hard drive running 24/7/365.

How does that help? It's fans v. multiple spinning platters, plus the hard drive is also executing writes and reads, so there are multiple possible mechanical points of failure. All a GPU fan does is spin with no other moving parts in the GPU.

...in an environment filled with particulate contaminants. Fan motors are not sealed. A hard drive motor operates in what is effectively a clean-room environment (filtered ambient air, or completely sealed off from the ambient environment if you've got a helium-filled drive).

Also not sure how multiple platters even enters into the argument, they're all mounted on the same shaft.

southrncomfortjm wrote:
Plus I'd have to assume that, assuming everything else is equal, something spinning at 1000RPM last more than 7x longer than that same thing spinning at 7000RPM.

Bad comparison. Next?

Yes, a bad comparison. But not for the reasons you seem to think!
Nostalgia isn't what it used to be.
 
Kougar
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Re: So who here is actually mining?

Thu Jul 06, 2017 9:01 pm

just brew it! wrote:
Though with the practice of using larger diameter, lower RPM GPU fans these days, I expect that GPU fan failures are much less common than they used to be 10+ years ago.


For stock cards and "Founder Editions", sure. But AMD doesn't even bother to release "stock" models half the time anymore. All the 200 and 300 series aftermarket coolers used smaller diameter fans that are pure junk.
 
freebird
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Re: So who here is actually mining?

Fri Jul 07, 2017 9:10 am

Captain Ned wrote:
southrncomfortjm wrote:
No idea really. It just seems like fans would be the first thing to go after a few million revolutions.

Um, do the math on a 7200 RPM hard drive running 24/7/365.


Most people will setup a rig with a small SSD for the boot drive, I'm using a spare 120GB SSD, but 64 GB would probably do also, unless you are going to put an Ethereum wallet on it also, but I keep my wallet on a separate PC and more secure.
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