Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 15. (Read 81547 times)

Yeah solar estimators say it's just not profitable/will never ROI.

Thanks!

How do you mean it doesn't work? Not enough sun?

That is some seriously cool work there mate! ^

I am very jealous of such a setup, solar doesn't work here 

Sadly no, I'm in Switzerland. I'm thinking of putting the code on github, it's really nothing fancy or particularly smart. Just some PHP with a bunch of functions, some switch/case code to make decisions and a small database. I run it with a cron job every 10 minutes.

All you need is a way to get your solar output (either the inverter has a network port or if it just has a serial port of some sort, hook up a pi to it with a wifi dongle) and some smart plugs to switch the rigs on and off. I use zwave, but really any dumb plug that can give you the rig's watt usage and that you can switch on/off remotely will do. To dumb it down with an example:

=> solar output is 1000W
=> Are there rigs online?
==>Yes: then take the sum of the watts of all the rigs that are running and substract it to the output. Is the difference positive?
===>Yes: then we have some available solar watts, is it enough to start the next rig in sequence xx?
=====> Yes: then start the rig
=====> no: then do nothing
===>No: then we are producing less than we are using so shut down a rig
==>No: then substract what the 1st rig (i.e. 600W) in the start sequence would use to the solar output. Is the difference positive?
====>Yes (1000-600 = 400): then start the first rig
====>No: then do nothing

Here's 4 of my rigs mining GRIN today, was nice and sunny

   This is the future for smaller miners.  Not hobby miners but smaller miners.
You are doing well this way.
  I like it  if you are USA based  maybe you buysolar and myself could have a long discussion to help each other. He may get panels at a better price then you can.  Your software looks like it could help us.
 I am going up to the new larger 300kwatt build out this weds.  I will post photos here.

@ vosk BCI is a shit coin  the entire net work is 10.11gh  I am at 210mh or 1/50 of the network
I get 150 to 200 coins each week at very low cost.  yeah coins are 20 cents  but the upside for me is huge.  I can mine them for a year and get 8000-10000 coins at about 10 cents each.  so I spend 1000 in power for the year.  if coins have 1 spike  I  score.  my downside is they crash and delist. So I lose 1000 in power.  I also hodl the grin.

But my money maker is the big farm up in clifton.  that is BTC + LTC

Yeah, this was still kind of the case in 2017. Mined a ridiculous amount of Sumo and Electroneum while everyone was busy mining ETH. It's still something that can work, but you really gotta do some research to find coins that can be mined in quantity and still relatively unknown. You can still find some masternode coins that have a short POW phase before switching to POS.

The issue with mineable coins is that miners dump it all to BTC as quickly as possible.

I still wonder why people bother mining ETH nowadays lol

These days there is less and less "new" coins to mine because most of them are some type of ERC20 ICO type of coins.

I remember back in 2014 days you would get a new coin or 2 almost everyday, and back then these new coins almost always got listed immediately on Poloniex/Crytpsy.

The trick was to mine as much as possible before the difficulty went up and before it was listed on an exchange with a market price. And if you sold at the right time, the profits were usually 2-5x as much as just mining Dogecoin/Litecoin back then.

It was pretty crazy. Some coins had a life of maybe 3 months before they died completely because the price tanked below 1 Sats.

On the topic of shitcoins, I think the problem is that the overall majority of coins that are worth holding and are considered investments are not GPU mineable.  There are a few exceptions but they are few and far between.  The only coins making considerable strides are ones with big investments behind them.

Thing is, most altcoins are shitcoins...took me a while to realize that, but very few are the coins that make sense and are worth holding. Almost every single project has a point in their "life" where they are suspected of being a scam. Haven (XHV) is a very good example of this. You really can't trust anyone.

That said, I've been in the mining game for 3 years now.

About 3 months ago, as I was basically just burning through electricity, I decided it was time to do something about it. I haven't sold any of my gear, most of it has paid itself off. Some of my 470s are 3 years old already, they still work.

I'm lucky enough to have 20x 300W solar panels on my roof with an inverted that has a network port. So I developed my own "smart mining cave". Basically I have a php script running on a virtual linux machine that fetches the output of my array and depending on how much I'm producing, it will start up my rigs in sequence (lowest to highest wattage). Using some zwave plugs, I can remotely turn a rig on by calling a REST API URL on my openhab box where the zwave controller is hooked up (rigs are set to start on power loss so I just switch the switch off and back on). To shut them down properly, I simply use a "shutdown -s -f -t 30" command using nsclient and nrpe.

Whole thing has a simple web dashboard where I can turn on/off the script when I want it not to manage my rigs.

Next thing I'll add is probably a way to change the miner/coin remotely on my rigs as at the moment I need to do it manually.

Been running great for the past 2-3 months, I exclusively mine on solar power. I mine less coins but its basically only profit. The only limit I have is that I can produce at max about 4.5kW on a good summer day, not enough to start up all my 8 rigs. Will probably expand my solar array this year or the next.

which is why mining them with paid off gear and a funky power deal works.

mining them with new gear and paying 10 cents  for power does not work

buying them does not work.

my exposure to fiat loss is small  since it is only with cheap solar deal power for most of them getting mined.

my upside is silly good.  I have close to six thousand coins of BCI  mined cheaply on paid off gear.  by years end I could be pushing 10,000 maybe 12,000 coins.  if they are 20 cents like they are today oh well if they are 1 dollar it is a good year.
if they are 2 dollars it is a very good year
if they are 3 dollars it would be a great year.

I suppose it's the appeal of PoW+PoS. You not only accumulate them by mining, you get some extra interest on top. The more you have, the more you stake too.

Unfortunately it's not helping much to get 5-10% annual interest when the price of the coin gets smacked down 80% over the course of 6 months...

I'm a sucker for Veil (for the same reasons). I'm hoping that a) the technology is better which might b) keep the price higher and c) increase my staking reward significantly.

I was vocal against BCI and then their community attacked my video & channel lol

I'm really curious as to what you see in them Phil, I am surprised to see you throw all your weight behind a project -- especially BCI


Also a side note, any good how to mine (x) coin guides you've read recently -- I'm trying to create more written content and want some stuff to compare to

haha trying man, trying! thanks for the support though.

Yes Minerbabe, but on the desktop with chrome browser you have more features than for example on the phone...

When I installed the Minerbabe distro on my rigs I had access only to the phone and couldn't make them run properly, readings on the Kill-a-Watt were between 900W - 1500W for a 6 x Vega64's rig and the rigs were restarting with a Corsair 1500W PSU. When I got home I tried it again on the desktop and I could do the undervolt properly. Now on the Minerbabe the Wattage varies between 600W-1000W but I think real are at ~1300W.

this is the key for mining.  How much power cost is.

Was not true in December 2017  key was how much gear you could run .

In the garage
I have :
1 apollo =130 watts
some sidehack usb sticks = 30 watts
some moonlander sticks = 100 watts
4 vegas = 800
1 rx 580 =140
2 rtx 2070 = 140
1 threadripper = 90
2x ryzen 2700's = 140

total 1570 watts  lets bump to  1600  or 1.6 x 24 x 31 = 1190 kwatts  lets bump to 1200 kwatts x 13 cents = 156 in power

heat is worth 20 percent so 31 off I spend 125 in power in my home.
I have 3 s-9s  hosted for a total of 130  a month

so fiat cost in power for paid off gear = 225  the 3 s-9's earn 185  so net loss would be 40 a month if  the bci and the ltc/doge and the grin  were zero.

 I mostly mine bci  in the garage say 150 a month at 20 cents = 30

so -40 + 30  = -10

the grin is 6 a week = +24 so +14

the usb sticks are solo pools
the apollo is solo pool  in 15 months I hit a block of doge which is a dollar a month.  so my garage mining makes  about 15 a month.

but the solar deals  are 12 1080ti's  at zero fiat ½ coins  so that is 450 bci  and 16 grin monthly  of which  ½ are mine

so 450 x 20 cent = 90 for the bci
16 x 5bucks = 80 for the grin

I net 170  ½ is mine = 85 a month  so 85 + 15 = 100 a month

That does not count the :

530th BTC
7gh    LTC

Solar project in Clifton

that is ½ coins  for the warehouse owner  ½ coins to be split with buysolar and I

so I have  530/2 = 265/2 = 132 th free btc mining   about 600 usd a month
I have        7/2  =  3.5/2 =  1.75 gh free  ltc mining about 250 usd a month

thats  850 monthly profit

So I am 950  a month round down for travel  to clifton  I am 900  a month

I cash some btc and some ltc
I hodl BCI
I hodl GRIN

I could do this  for a long time  and mostly break even on fiat while gaining  coins.

1 bull run and nice score
Stays the same for a year  I would coin  900 x 12 = 10800 of which  I would keep  5000 of that in coin and cash 5800 out in profit.

So I have a plan for all of 2019.

I also  take the 10,800 number and I round down to 8,000  of which I would pull 5,000 cash and keep 3,000 coin.

Thats worse case.  Since I am hodling all the bci and the grin if they drop 8000 is more realistic

If either BCI or GRIN take off  I am golden.

All of the above represents gear paid off from profits in 2017
BTW  2017  profits are not all gone,  but I Have reached the point of  no more expansion  from now till July.

No, mining currently has no effect on video card prices. That was like 6-18 months ago. Their prices today has more to do with gaming. With that said Nvidia cards do beat out AMD when it comes to algorithms like progpow and mimblewimble. I think the only algorithms where AMD flat out beats NVIDIA are all the cryptonight variants.

Anyways its very cheap now if you want to get into mining, but of course, thats because there's no money to be made. The used market is flooded with people selling their mining equipment. And if you buy new you could probably get some good deals.

With that said, spend at your own risk. Crypto doesn't look like it will be going up anytime soon. I'm still here since mining heats up the house pretty nicely during the winter. But once it hits April or May I will have to downsize the farm quite a bit.

I cannot believe that you are still mining this BCI shit.
I know you are mining Grin as well, but ffs brother, if you want more BCI, then buy some.
BCI is nowhere to be found on mining profitability lists.

#


It is what the current miners are optimized in.
One year ago, AMD was ahead of NVDIA on the GPU race.
Now things have shifted a bit towards NVDIA favor. Their difference in performance is roughly 1/3 regardless of the coin.
New AMD 16 GB is out.

AMD GPUs consume a lot more power for the same hashrate on compute heavy algos.

good question.
this is me below

http://solo-bci.altpool.pro/workers/iG5mxRMZErtXwReBaEvpYam7PQStwgK5hR

I mostly use 1080ti

I am not too technical on the details but what is the deal exactly with ProgPOW? It seems that it will level the field with ASICs and GPUs however the brand of GPU seems to play a factor.

It seems that Nvidia performs much better than AMD, and is the reason for this that Nvidia generally costs more and since it costs more they want to make it more fair in that regards.

For example, say you can buy 2 AMDs for the price of 1 Nvidia. The 1 Nvidia will perform at the exact same speed as the 2 AMDs combined. Is this the point they are going for or is it just the way that the current miners are optimized?