Topic: [Diary] An adventure in mining (by RTX 3060) (Read 1155 times)
Ohhh i miss this mining rtx 3060 on laptop, after break even in time eth to pos, my laptop go to shelves again, without any interest using laptop rather than pc or tablet for daily use, is nice only 63w mining eth ath 39mhs back then, and rtx 3060 laptop considered cheap when rtx 3000 series at 2-3x msrp, nice experience
After the end of Ethereum mining in September, there is nothing more to write about. An expensive RTX 4090 video card gives a profit of $ 1 when mining 2 or 3 coins, and most other video cards are unprofitable. And next year the forecasts are not the best.
I haven't finished writing the report until September (in the English version).
Either way, there would even be some interesting things to explore after the merge, but due to the rising cost of energy in Europe, it's complicated to do some interesting experiments.
After the end of Ethereum mining in September, there is nothing more to write about. An expensive RTX 4090 video card gives a profit of $ 1 when mining 2 or 3 coins, and most other video cards are unprofitable. And next year the forecasts are not the best.
Update info: Due to personal availability, I was unable to update this topic previously. I will resume your update until the end of the report. I apologize for this delay!
July 24, 2022
"THE MERGE" ANNOUNCED, MORE PROFITABILITY
I have been reporting a gradual increase in mining gains, and this week was no exception and the average daily mining gain has increased again. I believe this is happening for two reasons: with the devaluation of cryptocurrencies, many turned off their mining rigs, thus reducing the difficulty and increasing the gains for those who continue. Another reason will be the approaching date for the switch from Ethereum to PoS.
Late last week, Ethereum developers announced that the network will switch to PoS in mid-September 2022. This may have increased interest in mining the latest ETH on the part of many people. As I am using NiceHash, this has been feeling a lot, with daily averages increasing interestingly, which for my mining rig means being able to mine more than 0.0001 BTC daily.
I had already had similar values in May 2021, but at the time I only had one GPU mining. This means that I am now earning less than I did at the time, since to mine the same amount, I need to have two GPUs working. But, taking into account that the value I was able to obtain had been decreasing since the beginning of 2022, even with two GPUs, to be currently undermining this value, this is just over a month to the end of the PoW on Ethereum, it seems me very good. There is now the question of what will happen from September/October with regard to mining via GPUs.
That said, let's look at the results of another week of mining. Over the last week, despite occasional pauses on the GPU with less hash capacity, I got an average of 105.28 MH/s, resulting in 0.00011011 BTC/24h. This was an increase of almost 20% (+0.00002 BTC/24h) compared to the previous week. It would be great if this rate of increase continued over the next few weeks.
All these numbers are available here.
July 31, 2022
MONTH JULY 2022
A year ago I wrote about the month of July (2021). At the time I was mining with only 1 GPU and I was halfway through the initial adventure with only 4 months of mining. A year later, I have two GPUs to mine, I have already recovered the investment in BTC related to the purchase of two GPUs. What else has changed?
In 2021, we had the shadow of what could happen with the entry of EIP-1559, at the moment we have the shadow of what could happen to mining with "The Merge". With the entry of the EIP-1559, mining profitability began to halve. In July 2021 I was doing a daily average of 0.00008693 BTC/24H with only one GPU, which was my second best month of mining with only one graphics card. Already July 2022 with two GPUs the daily average is at 0.00009668 BTC/24H, and it was the best month so far mining with two graphics cards.
So, the biggest difference between July 2021 and 2022, is the profitability being practically half of what it was per graphics card. Added to this is the fact that the price of energy has increased all over the world, many have turned off their mining rigs. In turn, this has given a boost to the profitability of miners who remain active, in this final stretch for Etherium to become PoS. It remains to be seen what will happen after "The Merge".
In this last week of July, the daily average has been increasing, following the same pace as the previous weeks, achieving an average of 0.00011422 BTC/24h. An increase of about 4%, compared to the previous week. I believe that now, the increase will begin to stabilize, staying more or less at these values for the next few weeks.
All these numbers are available here.
TO BE CONTINUED
Coming soon, the continuation of the story of this adventure.
I thank all users of the forum, who have given good tips and helped in this adventure.
Thank you so much!
July 24, 2022
"THE MERGE" ANNOUNCED, MORE PROFITABILITY
I have been reporting a gradual increase in mining gains, and this week was no exception and the average daily mining gain has increased again. I believe this is happening for two reasons: with the devaluation of cryptocurrencies, many turned off their mining rigs, thus reducing the difficulty and increasing the gains for those who continue. Another reason will be the approaching date for the switch from Ethereum to PoS.
Late last week, Ethereum developers announced that the network will switch to PoS in mid-September 2022. This may have increased interest in mining the latest ETH on the part of many people. As I am using NiceHash, this has been feeling a lot, with daily averages increasing interestingly, which for my mining rig means being able to mine more than 0.0001 BTC daily.
I had already had similar values in May 2021, but at the time I only had one GPU mining. This means that I am now earning less than I did at the time, since to mine the same amount, I need to have two GPUs working. But, taking into account that the value I was able to obtain had been decreasing since the beginning of 2022, even with two GPUs, to be currently undermining this value, this is just over a month to the end of the PoW on Ethereum, it seems me very good. There is now the question of what will happen from September/October with regard to mining via GPUs.
That said, let's look at the results of another week of mining. Over the last week, despite occasional pauses on the GPU with less hash capacity, I got an average of 105.28 MH/s, resulting in 0.00011011 BTC/24h. This was an increase of almost 20% (+0.00002 BTC/24h) compared to the previous week. It would be great if this rate of increase continued over the next few weeks.
All these numbers are available here.
July 31, 2022
MONTH JULY 2022
A year ago I wrote about the month of July (2021). At the time I was mining with only 1 GPU and I was halfway through the initial adventure with only 4 months of mining. A year later, I have two GPUs to mine, I have already recovered the investment in BTC related to the purchase of two GPUs. What else has changed?
In 2021, we had the shadow of what could happen with the entry of EIP-1559, at the moment we have the shadow of what could happen to mining with "The Merge". With the entry of the EIP-1559, mining profitability began to halve. In July 2021 I was doing a daily average of 0.00008693 BTC/24H with only one GPU, which was my second best month of mining with only one graphics card. Already July 2022 with two GPUs the daily average is at 0.00009668 BTC/24H, and it was the best month so far mining with two graphics cards.
So, the biggest difference between July 2021 and 2022, is the profitability being practically half of what it was per graphics card. Added to this is the fact that the price of energy has increased all over the world, many have turned off their mining rigs. In turn, this has given a boost to the profitability of miners who remain active, in this final stretch for Etherium to become PoS. It remains to be seen what will happen after "The Merge".
In this last week of July, the daily average has been increasing, following the same pace as the previous weeks, achieving an average of 0.00011422 BTC/24h. An increase of about 4%, compared to the previous week. I believe that now, the increase will begin to stabilize, staying more or less at these values for the next few weeks.
All these numbers are available here.
TO BE CONTINUED
Coming soon, the continuation of the story of this adventure.
I thank all users of the forum, who have given good tips and helped in this adventure.
Thank you so much!
June 26, 2022
ADVENTURE ALSO HAS EXTRAS
After 1 year and 2 months, I managed to fulfill all the proposed objectives, the purchase of two GPUs and recover the investment made in BTC in this purchase. Right now I have the BTC I had before this adventure started. It remains to be seen what I will do next: if I continued mining until the switch to Etherium PoS or if I stop mining due to energy cost. I'm still thinking which way I'm going to go, and what strategy I'm going to adopt.
For now I've kept everything working normally, and that's how it should be, being able to occasionally stop mining with the GPU I have on my main computer, to rest it and also be able to enjoy it in the gaming part. Since I haven't stopped mining, this week was very positive, with the daily average rising to 0.00008183 BTC/24h, with an average speed of 112MH/s.
Besides that, practically from the beginning of this adventure, I started to add some extras. Some were just addressed, others were left behind, and others continue to be explored. So I'm going to make a little situation point of each one, and talk about a new extra.
The first extra added to this adventure was CHIA, which I continue to mine with my 182 plots in a Portuguese pool. The CHIA network has been feeling this drop in the crypto market, causing many miners to turn off their machines. This has slightly increased my profitability, which is around 0.014 XCH/block found by the pool (previously it was around 0.010 XCH/block). Therefore, it is to continue to undermine in the expectation that the network will value.
Another extra that got in very early on in this adventure was Theta Network. In the first months, profitability was very unstable, where sometimes I was unable to get jobs for several days in a row, and in turn I didn't earn anything. But, since they set up a second PC and I put the Theta Edge Node to run on that computer, which is only used to mine with the GPU and run the Theta Edge Node, I started having an encoding job per day, earning on average 0.17~ 0.20 TFUEL/work. Which has allowed me to earn another 3~4 TFUEL per month, which will be to maintain.
Along this route I also tested Axie. It wasn't quite an extra, but it was something I wanted to try, even though it's not my style of play. Unfortunately, it entered a phase, in which changes in gameplay/profitability were starting to occur, which did not allow to recover that investment made, but it was worth the experience. Despite having already left the game behind, it was only this week that I managed to sell the last two Axies I had. With this sale, and after all, I only recovered practically half of what I had invested.
In turn, in another extra the result has been a little different. STEPN has been a very interesting extra to explore. I managed to get in before the big growth it had, and in a few months I managed to recover the investment. Despite not having directly withdrawn the invested BTC, I managed to withdraw the money necessary to buy a new smartphone, even before the large devaluation that occurred in the GST, following the entire crypto market. Now, I continue to walk and earn GST every day, keeping the pace I had before. Believing that in a few months, an appreciation of the game token will occur again, and they can then withdraw the invested BTC directly. I have doubts that the GST will be worth what it used to be, more than 1~2$, and so now it's time to accumulate as much GST as possible.
Meanwhile, I was invited to be part of the beta team to test another project Elumicate. This project aims to monitor and process traffic information in cities. The team seems well motivated and focused on the proposed goals, something I've enjoyed being involved with. For now, only a few tests have been carried out on the information processing and now we are waiting for some software updates for further tests. As soon as there are some more news that I can share, I will.
All these numbers are available here.
July 03, 2022
FOR NOW, IT'S CONTINUE
Having reached the main objective of this adventure and without any type of expansion forecast, the question remains of what I will do, if I continue mining or if I take another path. That with the cost of energy increasing and the devaluation of Bitcoin, it starts to be necessary to think about whether or not this "effort" is worth it. But this is not the first time I go through a period like this, since in my first mining experience, in 2013, the profit was nil. In turn, my focus has always been to accumulate BTC and not to obtain a direct return. That's why until now I haven't taken what I've mined during this adventure to pay for energy, always looking at this cost as an investment.
Of course, circumstances are changing, especially now that I have recovered all the Bitcoin invested to buy the two GPUs, and the cost of energy has increased substantially. Even so, I have kept everything working normally, continuing to accumulate Bitcoin. And an interesting point is the fact that with this market devaluation and the increase in energy costs around the world, the mining difficulty has decreased, which has allowed to increase the daily profitability in Bitcoin.
In the month of May'22, the daily average was 0.00007475 BTC/24h, and in the month of June'22 the average was 0.00008007 BTC/24h. This last week the average was 0.00008608 BTC/24h. These values are very interesting for those who are focused on getting BTC, and they give the necessary motivation to continue mining. Also, doing the math, what I mine monthly was still able to pay the energy cost and make a profit. So, for now, it is to continue mining.
All these numbers are available here.
July 10, 2022
CONTINUE BUT CALM
Now that the investment is recovered, I am more relaxed to manage mining in a different way. Since it is summer in Portugal, we have days with very high temperatures, and this week was a good example, with temperatures reaching 40º. As I don't have a big mining rig, just two PCs with two GPUs to mine, I didn't do any specific installation for site cooling. This makes the temperature in the space where I have the PCs much higher these days than usual.
So, in order to save some GPUs, after a year and a half of mining without breaks, I decided this week to take some breaks from mining. That's why, on some days, for a few hours, one of the plates was paused. In this way, I reduced the GPUs' exposure to such high ambient temperatures. It is true that with these breaks you will earn less, but the fact that mining has been more profitable in recent days means that the loss of gains is not very significant.
These breaks have also allowed us to study the performance, to see what the mining gains will be like, when you start taking some time to play. Because, I also want to take advantage of the fact that I have a good GPU, to enjoy the games I like. And I had practically a year and a half, without playing big games because of mining, and also because no new games came out, the ones I like the most. But they're starting to hang out, so maybe I'll start taking some breaks to play.
So, this week the average was 0.00008073 BTC/24h, as a result of the breaks I took. Despite being lower than last week's average, it is above the previous month's average, thus maintaining a good pace.
All these numbers are available here.
July 17, 2022
THE GRAPHIC CARDS
In Portugal we have been experiencing a period with very high temperatures, and therefore keeping the rigs at an adequate temperature is essential for their proper functioning and durability. Since I only have two GPUs to mine, I didn't create any extraordinary system for cooling, just having good fans in the computer towers, to circulate the air. And on these hottest days, I also reduce the working speed of the GPUs a little, in order to maintain a lower temperature, and occasionally I can turn off mining on a GPU for a while, in order to stabilize the temperature. And everything has gone well.
At the moment, with the current settings and without being in a heat spike, the performance of my graphics cards is as follows (at the time of the print screen):
You can notice that temperatures are around 66ºC and in the hottest moments they can reach 69ºC, but I try to prevent that from happening.
Right now the RTX 3060 is not using full power, since as it is on my main PC it is used more, causing it to heat up more. Even so, it keeps the speed in the range of 46 MH/s on average.
On the other hand, the RTX 3060 Ti continues to use the configuration at maximum power, since I can keep it more stable in terms of temperature, with an average of 62 MH/s.
So, this last week with a global average of 105.88 MH/s, which gave an average of 0.00009408 BTC/24h. A very good average, compared to a few months ago, even so in 2021, with just a single GPU, I could get very similar averages. Either way, the average has been rising and so I hope to continue accumulating Bitcoins.
All these numbers are available here.
TO BE CONTINUED
July 24, 2022 - "THE MERGE" ANNOUNCED, MORE PROFITABILITY
July 17, 2022 - MONTH JULY 2022
You have two GPUs. Surely you can only use 1 for gaming and the other will siting dust. Considering selling the remaining one isn't hard fletch. From what I understand from your dairy, you considered your investment in BTC. Back then, GPU price was high in terms of fiat but as long as you see it under BTC value and mining, recouping back to BTC, then it was okay since BTC has dropped its price quite a lot?
I used BTC to buy the GPUs. I converted to fiat and made the purchase. In this way, I can say that I recovered 100% of the investment, as I always base my accounts on BTC, regardless of its exchange value.
Therefore:
0,03586320 BTC used to buy the GPUs
0,03730520 BTC mined to date
When mining is over, gamers will buy your graphics card 
Gamers don't like AMD RX 6000, RX 6700 XT, RX 6800 XT.
Gamers don't like AMD RX 6000, RX 6700 XT, RX 6800 XT.That's true. But I have no intention of selling the cards. I'm also a gamer...
But for now continued mining, I like that.
When mining is over, gamers will buy your graphics card Gamers don't like AMD RX 6000, RX 6700 XT, RX 6800 XT.
Gamers don't like AMD RX 6000, RX 6700 XT, RX 6800 XT.That's true. But I have no intention of selling the cards. I'm also a gamer...
But for now continued mining, I like that.
RTX 3060 is the most popular Ampere graphics card on Steam, overtaking GTX 1050 and GTX 1660 Ti
https://store.steampowered.com/hwsurvey/videocard/
https://overclockers.ru/blog/RoadToKnowledge/show/69930/rtx-3060-stala-samoj-populyarnoj-videokartoj-ampere-v-steam-obognav-gtx-1050-i-gtx-1660-ti
When mining is over, gamers will buy your graphics card Gamers don't like AMD RX 6000, RX 6700 XT, RX 6800 XT.
https://store.steampowered.com/hwsurvey/videocard/
https://overclockers.ru/blog/RoadToKnowledge/show/69930/rtx-3060-stala-samoj-populyarnoj-videokartoj-ampere-v-steam-obognav-gtx-1050-i-gtx-1660-ti
When mining is over, gamers will buy your graphics card
Gamers don't like AMD RX 6000, RX 6700 XT, RX 6800 XT. June 19, 2022
SECOND GOAL ACHIEVED
After a short break in the reports, I make a big comeback, announcing that the second objective has been achieved: recovering the investment in Bitcoin made in the purchase of the second GPU. But before I talk about that, I'm going to do a little summary of what happened in these last 3 weeks, very excited.
In my last report, apparently everything was normal in the market. It is true that it was a little on the downswing, but nothing unusual considering how the entire world market is doing. Despite being away from the PC, I was able to monitor it using the NiceHash application, and everything remained normal regarding mining. But the same could not be said of the crypto market, which at the beginning of June, started a vertiginous devaluation, causing a great uproar in the market, and many companies/projects to get into difficulties. I even consider these moments to be good for the market, in the sense that less capable companies/projects are being cleaned up.
This market drop ended up affecting many miners, who, seeing the cost of energy increase and the value of cryptocurrencies going down, decided to turn off their machines or part of them. In my particular case, as I was working on a very specific objective, I let everything work at the same pace, looking at the cost of energy, as an investment. Keeping everything running has even allowed us to take advantage of the slight drop in difficulty and, in turn, obtain a slight increase in performance. All this ended up helping to achieve the proposed objective. In this way, exactly yesterday (18/06/2022) I managed to recover 100% of the investment made in the purchase of the second graphics card.
In the month of May 2022, I mined a total of 0.00270608 BTC, with both graphics cards. This was very similar value to what I managed to achieve in July 2021, with just a single card (0.00269513 BTC). Which shows how the network's difficulty has increased a lot in the last year. The daily average during the month of May was 0.00007475 BTC/24h. In the first 18 days of June 2022, I have already mined a total of 0.00144009 BTC, with a slightly higher average, compared to the previous month, of 0.00008000 BTC/24h. With this number, I reached 100% of the goal.
Now it will be to continue with the machines to work, and to think about the next steps to follow. However, with regard to the extras, there were also some news, which are for the next report.
All these numbers are available here.
TO BE CONTINUED
June 26, 2022 - ADVENTURE ALSO HAS EXTRAS
July 03, 2022 - FOR NOW, IT'S CONTINUE
July 10, 2022 - CONTINUE BUT CALM
July 17, 2022 - THE GRAPHIC CARDS
May 01, 2022
RENDER 20% LESS
Since a year has passed since the beginning of this adventure, it is now possible to make a broader analysis. And looking at what the same GPU did a year ago and did now, you've noticed a 20% decrease in profitability. In April 2021, when this adventure started with the RTX 3060 card, I made about 0.00179201 BTC, and it wasn't the full month. In April 2022, a year later, I only made 0.00142939 BTC.
The problem is that the cost of energy has increased, and the pace has shown that profitability should continue to decline, which in some time will no longer be compensatory to continue to undermine. But for now it is still possible to keep mining both GPUs, at least until reaching the goal of recovering the investment made. This should happen in about 60 days or less at the current rate.
On NiceHash, this month I got a total of 0.00142939 BTC, with an average of 0.00004764 BTC/24h. On 2miners I made about 0.00133445 BTC in total, an average of 0.00004448 BTC/24h. These numbers show that the profitability at 2miners has been gradually decreasing, which leads me to consider placing both cards on NiceHash. We will see the developments in the next few days.
Entertaining, the STEPN extra has been quite interesting. I can say in general and due to the appreciation of the game currency, I have already recovered the investment, but I decided to reinvest again in the game in the hope of increasing profitability. I believe that the project will continue to be profitable for a few more months, despite already showing some signs that a less positive cycle of overvaluation could be generated. But the developers have shown themselves to be aware of this, and apparently are trying to control things, so as not to enter a cycle that could jeopardize the continuity of the project.
All these numbers are available here.
May 08, 2022
BITCOIN PRICE VS GPU PRICE
This adventure has allowed us to analyze several interesting details about this mining market. When looking at the amount I paid for the graphics cards I have and the current price of those cards, with the value of Bitcoin, there is a very interesting correlation.
When I bought the first graphics card - Gigabyte GeForce RTX 3060 EAGLE OC 12GB (without LHR), it cost 849€, at the moment the same card (version with LHR) is worth about 515€ more or less. At the time I bought it it was an investment of 0.01804625 BTC. How much does the same amount of Bitcoin cost today? About 595€. On the second card I bought - Asus Dual GeForce RTX 3060 Ti V2 Mini 8GB GDDR6 OC Edition LHR, it cost €780 and is currently worth €650. An investment of 0.01781695 BTC. How much is this worth today? About €590.
This shows that the appreciation/devaluation of graphics cards, accompany the appreciation/devaluation of Bitcoin. Another interesting point is that the second graphics card I bought, depreciated less in the market than the first. That is, if I were to sell the second graphics card today, I would not lose money and I would recover the investment.
This mining week, things have remained more or less the same. Continued to use NiceHash and 2miners, but this will change after the recent NiceHash announcement got it unlock the LHR at 100%, next week I'll have news. On NiceHash I averaged 0.00004849 BTC/24h; and on 2miners I averaged 0.00004609 BTC/24h. This allowed him to reach 90% of the goal, and within a month and a half, two months, to reach the goal.
All these numbers are available here.
May 15, 2022
LHR 100% UNLOCKED
Last week the mining community received one of the best news in recent times - the LHR has been unlocked to 100%. The first to announce was NiceHash, but in a few hours the other development teams, from other mining software, achieved the same. They are all still in beta, but the results have already been very positive, for the entire mining community.
My Asus RTX 3060 Ti LHR, which I have the objective of recouping the investment, as the name implies, had the limitation of the LHR. Luckily she was covered by this unlock and will certainly be an excellent boost towards the final stretch of the objective. Until last week, I was using two mining rigs, NiceHash with the first GPU I bought, and 2miners with this second card. The performance on both was similar, but I was already thinking about changing the NiceHash at the end of the month, because I'm going on vacation and it's easier to manage the mining remotely.
With this news, I made this change earlier. It wasn't just the day the unlock became available, because I wanted to mine enough at 2miners to get paid. It is true that other mining software also made unlocking available, which allowed you to continue using 2miners. And I still tried Nminer, but it caused some instability, which would force me to review the settings and I didn't want to waste time with that. So, I mined three more days on 2miners, making an average of 0.00004095 BTC/24h in that time. Fortunately, despite the drop in Bitcoin's value, the ETH/BTC exchange rate remained the same, and so I didn't lose Bitcoin in the conversation made, on payday.
On NiceHash, in those three days that I only had one GPU there, I made an average of 0.00004572 BTC/24h, a little higher than the average I had on 2miners, which was curious. On the remaining days of the week, with both cards, the average was 0.00010438 BTC/24h. With this result, I reached 92% of the goal, with a forecast of 40 days to reach it. But since this forecast is based on the general average, with this hash increase, this timeframe should be shorter. Therefore, I believe that within a month you will have already reached the goal.
All these numbers are available here.
May 22, 2022
NINE HOURS WITHOUT MINING
Luckily I live in a place where I rarely have power outages, so I never prepared things in case a power outage occurs, I remotely get everything up and running again. Also because as I use my main PC to mine, after a power outage, I prefer to follow the startup process, to verify that everything is operational.
Since I started this adventure, I only have an idea that I've lost power a couple of times. The first time, I was at home and it was a 2~3 hour break. The second time was this week. One day, at the exact moment he was leaving the house for work, the power went out in the neighborhood. The failure could only take a few minutes or a couple of hours, I didn't know. As I couldn't wait for the energy to come back, I just had the patience to get everything working again at the end of the day.
And that's what happened. Back home, at the end of the day, I turned everything back on again. It was about 9 hours without mining. It was a short break in this mining, for the equipment to rest a little. Since I'm mining with two GPUs, the operating hours were enough to mine the equivalent value of a single GPU.
For now I'm not thinking about preparing things in case this happens again. But for those who live in places where power failures can be more frequent, if they haven't already, I recommend that you prepare things for the PC to turn on as soon as the power comes back on. This is possible to configure in the BIOS, search how to do it for your motherboard. Another suggestion I give is to connect the PC to a smart socket, preferably with consumption measurement, to help them know remotely if everything is on or not.
Despite this incident, the daily average this week was 0.00008640 BTC/24h, with an average speed of 103 MH/s. The fact that the unlocking of the LHR came about, gave a fantastic boost, in the final rectal of the second part of this adventure. Right now, there's only about 5% left to reach the goal, the equivalent of about a month of mining.
All these numbers are available here.
May 29, 2022
ONLY ONE MONTH LEFT
If everything continues to go according to plan, within a month or less, I will have achieved the second objective proposed in this adventure - recovering the investment made in Bitcoin, in the acquisition of a second GPU. This estimate is based on the overall average for this adventure, including many months with just one GPU. So it will probably still be in less time.
But, it's not because you've been on this adventure for more than a year and you're just short of the goal, that some mishaps don't continue to arise. If last week was the power outage, which caused the stop for almost a day. This week, it was a night that the GPUs had a rest, due to an internet failure, they were like 4 or 5 hours without mining. Fortunately nothing that a reset to the router won't solve.
However, in one of the extras of this adventure - STEPN, I managed to take the opportunity to buy a new smartphone before a new devaluation of the GST. Although it wasn't the best moment for the GST to appreciate, I think it was the first time I had the right timing to make the conversion, before a fall. This with the years passing, we started to get more insightful. But what is noteworthy is that this extra adventure is being very positive. Now the next objective is to earn enough, to withdraw and keep the invested Bitcoin. Because despite having already recovered this amount, it was used to reinvest or for the new smartphone.
Returning to the main objective, this week I averaged 0.00008642 BTC/24h, with an average hash of 107.84 MH/s. We hope that everything continues to go well over the next few weeks. Therefore, at this point I have already recovered 96% of the total investment.
All these numbers are available here.
TO BE CONTINUED
June 19, 2022 - SECOND GOAL ACHIEVED
April 03, 2022
ENERGY COST, DOES IT STILL PAY?
Last week, I talked about the fact that GPU prices have been going down, so it might be interesting to invest in a third GPU. But is it worth taking a risk now, with the price of energy rising?
As you know, I'm not counting the energy spent on this adventure, I classified it as an investment and not an expense. But that doesn't mean I don't look at the values and do the math. When I only had one GPU and before these price increases, I spent an average of 15~20€ on mining per month (this is a rough figure, because I don't have any specific monitoring system). With a second GPU since January 2022, the value has doubled, +/- 35~45€ per month.
But, because of recent events, energy prices have increased in the last two months, which has increased by 5~10€/month, the expense likely related to mining. There is still some uncertainty as to whether the recent agreements by the governments of Portugal and Spain will stop the price from rising or not. So right now, the energy cost I'm having, based on previous averages, is the equivalent of having 2.5 GPU's. Basically one GPU is mining to pay for energy and another is profit.
It's true that, after all, it's still profitable, but is it worth increasing the number of GPUs right now? On the other hand, this can make the purchase of GPUs more attractive, as the price of the cards should continue to fall. Added to this is the unknown when Etherium will become PoS. Anyway, these are accounts that must be done, although at the moment I am not considering the energy costs in this adventure, and for now I will continue on this path until I recover the Bitcoins invested in the purchase of the second GPU, and only then do this more careful analysis.
In this path of recovering the investment, another month spent with the values within the expected. On 2miners I made an estimated total of 0.00147460 BTC, and on NiceHash I made a total of 0.00137130 BTC. At the moment I have a global average of 0.00006492 BTC/24h, counting since I started this adventure. This leaves me about 100 days to reach the goal. We hope this continues.
All these numbers are available here.
April 10, 2022
A YEAR IN THIS ADVENTURE
It's been a year since the story of this adventure began (in Portuguese). And during all this time I've been through several situations: from high profitability, one or another technical problem, high valuations, changes in strategies,... in short, a little bit of everything. But one thing is for sure, I had not planned a year later to continue living this adventure and continue to share it.
The initial plan was to buy a GPU and recoup the investment made in Bitcoin and then use the card for gaming and other purposes. It was expected to recover the investment in 6 or 7 months, and it was achieved in November 2021. Along the way, I had months that were very profitable, like in May 2021, which was the best month so far, as I managed to mine 0.00364130BTC with just one card. But I also had less profitable periods, particularly the weeks before reaching the first goal.
After reaching the initial objective, was left wondering what I would do, whether to continue on this mining adventure and risk more or finish this route. But, excited about what I had already done, I decided to take the risk and acquire a new GPU, again with the aim of recovering the invested Bitcoin, within 6 to 7 months.
Throughout this adventure, I found new projects in the cryptocurrency world, which I added as extras to this adventure. The first was Chia, which I discovered a month later, and taking advantage of the money earned in campaigns here on the forum, I invested in some HDDs and mine to this day. It's not a big source of revenue, but it's been an interesting project and one that has been going well. Another extra that came up and that I'm still mining was Theta Network, which is the least profitable, but also the least work - basically it's leaving the program on and that's it. And more recent, have been exploring is STEPN, where a person gains by doing physical activity, and it has been positive.
It has really been a very interesting adventure, and I hope that my reports will be useful for everyone who is following this journey. Well, that was the idea for creating this topic: to present real information on how mining is. Not forgetting to thank everyone who has helped and everyone who has been following this diary.
The second phase of this adventure - the recovery of the investment of the second GPU, is within the expected, being now more or less halfway to the goal. But very dependent on how the profitability of ETH mining continues, which as we know has been gradually decreasing. This past week, on NiceHash I averaged 0.00004912 BTC/24h, and on 2miners I averaged 0.00004731 BTC/24h. I'm like this with 83% of the overall goal achieved, leaving 0.006 BTC left for the final goal.
All these numbers are available here.
April 17, 2022
THERE IS STILL TIME
The entry into force of Ethereum 2.0, seems closer and closer to happening. Despite the dates for the implementation of PoS on Ethereum, have been postponed for years, there is concrete data that this change should occur this year 2022. Initially the changes were expected to take place in June/July, but this week Tim Beiko, developer at the Ethereum Foundation, said that “It will not be in June but probably in the following months... There is no specific date yet, but we are , without a doubt, in the final chapter of PoW on Ethereum.". Also leaving the warning, for miners to stop investing in hardware to mine ETH.
This information is useful, as it would be difficult for me to reach the goal until June, which could delay the whole process. But if this change will only take place a few months later, I will certainly have the time to recoup the investment made. At the moment, my estimates point to that within 3 months, thus predicting that between July and August, I will be able to reach the goal.
Therefore, this new delay in the implementation of PoS on Ethereum, turns out to be good news for this adventure. It remains to be seen whether it will give time to generate some profit. Of course, there is always the possibility of further delays, but there will be a day when the changes are implemented, and the tests that have been carried out, show that this is really close to happening. Therefore, it will be trying to take advantage of the little time left to mine as much as possible, in order to achieve the objectives of this adventure. It is true, that there will be other coins to mine, but it may take some time before they are really profitable.
In that sense, the last week kept a steady pace, with an average of 0.00004829 BTC/24h on NiceHash, and on 2miners the average was about 0.00004701 BTC/24h. Interestingly, I have had a higher return on NiceHash, but that may change a little, because of a slight appreciation of ETH against Bitcoin. Based on these values, there is only 15% left for the objective, which is expected to be reached in 84 days.
All these numbers are available here.
April 24, 2022
THE RHYTHM IS KEPT
A few months ago, there were greater variations in profitability between weeks, with weeks being much better than others. But, at the moment, these variations have not been noticed over the last few weeks. I would say that we are going through a plateau period in mining, with no big rises or falls in mined values. Perhaps this is due to the fact that we are waiting for when Etherium will finally come to PoS. Although this will still take a few months, miners must have slowed down their acquisition of new equipment, as it is not yet known what currency will prevail in PoW.
On NiceHash, the average has been more or less constant week after week, with this last week being 0.00004748 BTC/24h.
On the other hand, 2miners has seen much more variations, with some weeks having higher averages than others, and this last week was an example of that, having had an average of 0.00004407 BTC/24h, lower than usual.
The fact of continuing to use both platforms to mine, it has been possible to perceive that for small miners, with one or two cards, and who want to obtain their earnings in Bitcoin, the best solution remains NiceHash. Of course, for those who want to receive in ETH or another specific currency, it is better to use pools directed to these currencies. But, based on these numbers and contrary to what some say, I think that for small miners NiceHash is the best option.
All these numbers are available here.
TO BE CONTINUED
May 01, 2022 - RENDER 20% LESS
May 08, 2022 - BITCOIN PRICE VS GPU PRICE
May 15, 2022 - LHR 100% UNLOCKED
May 22, 2022 - NINE HOURS WITHOUT MINING
May 29, 2022 - ONLY ONE MONTH LEFT
February 27, 2022
EXTRA INTERESTING
A few weeks ago I talked about a new add-on I've been exploring, STEPN. In this application, people earn GST (app currency) when they walk or run, and with that gain they can improve their sneakers to increase their performance, as well as to repair them for the wear and tear they do - when the person wears the sneakers they will spending. Winnings are calculated based on 3 factors: tennis quality; GPS signal quality and network; and speed. With a sneaker in your wallet, you have 2 energy, which is equivalent to about 10 minutes of training, which is spent throughout the activity. As you spend energy, you gain GST based on the combination of the indicated factors. There are several types of tennis with different speed reactions, for those who walk and for those who run. The platform uses the Solana network.
Before buying the sneakers, since it was an investment of 7 SOL, I wanted to understand better how it works and how I could use the app. So I did some tests on the routes I take daily (home-work/work-home). For the use that I would have, I chose to buy some hiking shoes, which have a speed reaction of 1-6 km/h (when I bought it was only 1-5 km/h).
As I didn’t have SOL I had to send BTC to the exchange and make the conversion, in that process, I started to see the price of sneakers going up and I was afraid that the BTC I had destined for this investment would not arrive. But luckily, after the entire exchange process was completed, I managed to get a slight drop in prices and buy some sneakers for about 6.75 SOL.
Since then, every day of the week, I do my 5~7 minute rides twice a day, and over the course of 2 weeks of use, I've gained enough to get my shoes back and upgrades. I still haven't calculated all the GST earned, nor what was spent on recoveries, but what I gained allowed me to make my tennis up to level 9. It's been an interesting adventure, which I'm planning to enter now in a phase of reducing the investment, and try to gradually recover the SOL invested. I will shortly try to gather more details about these numbers, so that I can present them here.
Regarding the main adventure, to recover the BTC invested in GPUs, it was another balanced week and at the pace of the previous ones. At NiceHash I had a daily average of 0.00004601 BTC/24h. On 2miners the average is 0.00004404 BTC/24h. With these values, I have a total of 72% of the objective achieved, with a forecast of 145 days to achieve the total value. It will be noted that last week the forecast was 154 days, that is, 7 days of mining, equivalent to 10 days of forecast. Therefore, I will probably be able to reach the goal faster than anticipated.
All these numbers are available here.
March 06, 2022
EVERYTHING IN NORMALITY
This week there is no highlight, everything went smoothly at a good pace, from the main objective of this adventure to the extras.
Regarding the extras, Chia was even a nicer week because in the last 7 days in the pool where I am, I mined 3 blocks, after having been without blocks for about 10 days. Although it's not the pool that finds the most blocks and I don't have many plots, and that's why it's not very profitable, I continued to farm because I believe in the project and in the pool.
In the Theta extra, as I said before, it seems that it is necessary to talk about the project here to have encoding jobs again, and at the moment I have one job per day, which yields about 0.17~0.19 TFuel each. I am now waiting to receive the next payment, to change the program to the second machine and continue with the application running, since it doesn't consume many resources and I have nothing to lose.
The most recent extra, STEPN, every day of the week (Mon-Fri), I've been spending 2 energies and I've gotten good results. I continue to use everything I earn to improve my sneakers, and that has allowed me to get more and more GST. On my best day, I managed a total of 12.5 GST on two courses. I highlight that the GST has been increasing throughout this week, reaching 4$. This means that if you maintain this pace, and average 10 GST per day, at the end of the month I will get around 200 GST, which could mean recovering the investment. But I haven't done the math yet.
But the focus remains on GPU mining, to recoup the investment made. And this week was similar to the previous ones. On Nicehash I had an average of 0.00004555 BTC/24h, and on 2miners the average was 0.00004304 BTC/24h. At the moment I have more than 74% of the goal achieved, with a forecast of 138 days to reach the goal.
All these numbers are available here.
March 20, 2022
ELECTRICAL PROBLEMS BUT NOTHING SERIOUS
About two weeks ago, something unusual happened in my house: the electrical panel was going down. The first time I thought it was some power surge when turning on the toaster, so I ignored it. After a few days it happened again, but this time it wasn't connecting anything, which made me think that something was creating a short circuit. The question was what and where. A few days later it happens again, but luckily, like the other times, I was at home and I was able to turn everything on quickly, not harming the mining too much. But, faced with this consistent situation, I had to take action. For that he needed time to assess the situation during the weekend.
But even before I can do that, it comes back when I wasn't home and because of that I had an afternoon without mine. It was even a good thing that this happened, because it was the only time I could see where the problem was coming from - the kitchen. The advantage of having an electrician parent is that in addition to having some technical knowledge, it allows you to ask for technical support with some speed and ease. So in less than 15 minutes the problem was detected and fixed. It was an appliance that is shorting out, which is still under warranty and everything will be fine.
It was a few weeks with some uncertainty, where I came to suspect that it could be a problem with the sources or the GPUs, but everything went well and luckily it didn't significantly affect the mining performance. This eventually made it possible to reassess the electrical installation, and to understand some points that could be improved in the near future. These are situations that can happen when mining at home, even when everything is minimally well installed.
The following week, with the energy situation resolved, everything was smoother and more positive. Bitcoin started to have a slight rise, which makes it all the more interesting, we just hope it stays that way. During these two weeks the average was 0.00004338 BTC/24h on NiceHash, and on 2miners it was 0.00004598 BTC/24h. Interestingly, the averages were inverted between the two platforms, compared to the previous report. Therefore, I have already reached 77% of the goal, with the prediction that within 5 months I will have recovered the invested Bitcoin.
All these numbers are available here.
March 27, 2022
WHAT IF I BUY ANOTHER GPU?
No! I'm not going to buy any GPUs, at least for now. But I wondered about it, because I saw that the prices of graphics cards have been dropping and getting very interesting values. Of course, this price is at this stage when Bitcoin is still not as attractively valued compared to about 1 year ago, which could change at any time.
The question now is: when will Etherium mining really stop paying off? Is it this year that the much talked about PoS comes into force? Of course, there will be other coins, which will continue to be used for GPU mining. But will it pay off? These are issues that have to be evaluated, before buying another GPU. Although I always remember what happened to me, which I have already commented on, about the story of "failing to compensate mining" and which in reality is not quite like that. So maybe start being a more active observer of the market, you never know the opportunities that may arise.
Either way, the focus is now on recovering the investment made, with the purchase of the second GPU. And in that sense, things have been on schedule. This last week, on NiceHash I had an average of 0.00004598 BTC/24h, and on 2miners the average was about 0.00004490 BTC/24h. With 79% of the objective achieved, it is expected to recover the investment made within 4 months.
All these numbers are available here.
TO BE CONTINUED
April 03, 2022 - ENERGY COST, DOES IT STILL PAY?
April 10, 2022 - A YEAR IN THIS ADVENTURE
April 17, 2022 - THERE IS STILL TIME
April 24, 2022 - THE RHYTHM IS KEPT
February 06, 2022
NICEHASH OR 2MINERS - THE RESULT
With the acquisition of a second GPU, with the same capacity as the first, I decided for a month to mine NiceHash and 2miners at the same time, to see which platform brings the most advantage. I chose 2miners, because it allows you to receive BTC directly whenever you accumulate 0.005ETH (or more if the user requests). The platform handles the conversion and sends BTC. Thus, both platforms work in a somewhat similar way. After a month what is the verdict?
NiceHash is mined with its own application, which makes remote management much more interesting. I used this platform to mine with the Gigabyte GeForce RTX 3060 EAGLE OC 12GB, which has LHRv1 in which the driver is enough to unlock, with a capacity of +/- 47MH/s. In January '22 he mined a total of 0.00151116 BTC, making a daily average of 0.00004874 BTC/24h.
The 2miners used the card Asus Dual GeForce RTX 3060 Ti V2 Mini 8GB GDDR6 OC Edition LHR, which has LHR and the unlocking is only done through the mining software. After several tests I chose to use T-Rex, as it showed the best performance, allowing a capacity of +/- 48MH/s. Since 2miners directly mines ETH and then converts it, the calculations were made based on the payments received. So in January'22 I mined a total of 0.00153602 BTC, getting an average of 0.00005120 BTC/24h (values for only 30 days).
Looking at these results, we can see that the difference is not much, being equivalent to almost half a day of mining. Perhaps that 1MH/s could also have helped to make a difference. But certainly the difference felt is because of the fees paid on NiceHash, that we have to take into account the positive points of NiceHash: a platform that helps to manage the mining rig in a simple way and presents better reports and other features that can be useful .
The conclusion I have from this comparison is that for those who have few cards and don't want to spend a lot of time configuring and managing mining, NiceHash is a very good option. The difference is not significant for small rigs, and is justified by the resources available. For those who are willing and interested in spending more time on configurations and management, 2miners seems to be a good option.
The interesting thing now would be to change the platform boards and make a new comparison. But unfortunately, in the tests I did, the NiceHash software can't perform as well with the Asus card. This is another element that must be taken into account, checking which software can get the best performance from the GPU, especially these new GPUs with LHR.
After this experience, I will continue with the objective of mining until I recover the Bitcoin spent on the purchase of the second GPU.
All these numbers are available here.
February 13, 2022
ADVENTURE EXTRAS
After a month of mining to compare two platforms (NiceHash and 2miners), the focus will now be on recovering the amount invested in the second GPU. For now, I continue to use both platforms, and the results of this last week remain at the same pace as the previous weeks. On NiceHash I averaged 0.00004764 BTC/24h; on 2miners the average was a little lower at 0.00004363 BTC/24h.
This drop in profitability at 2miners is probably due to the devaluation that occurred in ETH against BTC. When I started mining on 2miners, the ETH/BTC exchange rate was 0.08 and now it is 0.07. But for now the focus is to recover the Bitcoin invested in the purchase of the GPU, so I will keep this conversion. All these numbers are available here.
Since I started this adventure, I got involved in other projects that I found interesting. One of them was Chia. At this time, he continued to mine in the Portuguese pool Leaf Pool. Even though it's not a very big pool, I've been involved in the community since the beginning and I've liked the team that is developing the pool. Despite not being a very large pool, with only 2,822 PiB and sometimes we can't find a block for a few days in a row, I don't intend to leave the pool. In addition to not having many plots, and therefore being in another pool would not significantly increase earnings, I like the community and continue to support it. In this sense, at this moment I should receive about 0.01 XCH/block found by the pool.
Another project I've been "mining" for some time is Theta Token. Despite finding an interesting project, I have not been very excited to continue. I found that having the THETA EDGE NODE running on two computers, with the same Internet connection, does not bring any advantages, since the encoder jobs are distributed between the two, and when it is given to one PC, the other does not receive anything. But the most annoying thing is that sometimes I go weeks without receiving any tasks and that's why I don't receive anything. Although it does not consume many resources on the PC, it is always a program that is open. So I start thinking about turning off the program. For now, it will run until it has the minimum amount to receive and then I analyze whether to continue or not.
About a month ago, I set up a team at Axie. Of course, I didn't make the best team choices, which was to be expected for a "rookie". Still, I enjoyed the experience. But with the changes that came with the new season, no longer receiving SLP in Adventure mode, as I don't have a competitive team, things become more complicated. The fact that it's not my style of play, doesn't help motivate me to invest more or study more about the game either. Also, I think that some ways the game works don't make much sense, but maybe it's because I don't know this type of games. So I'm going to put every Axie up for sale and wait and see. Maybe then you can start over from scratch, or if you can't sell them, try again in the new version of the game that has already been announced. Anyway, I'm very grateful to all the users who have helped throughout this experience, who gave excellent tips, who helped me. Thanks again! (I didn't say names, for fear of forgetting someone, but thanks to everyone who gave tips!)
This week, motivated by TryNinja, I decided to invest in another project that I had already seen some time ago, but I hadn't risked it, the project: STEPN - Move2Earn. I studied the project in detail and found it very interesting, the fact that you can earn by doing physical activities abroad. In that sense I bought some "virtual sneakers" and started my adventure. I've only used it on two occasions, but I liked the way it works and the idea. I don't have a concrete plan yet, but of course I will try to recoup the investment made. I see this project in the medium term, so we will see when I will recover the investment. Soon I will have more details to report here my experience in this project.
February 20, 2022
FORECASTS
After a month of comparing platforms, it's time to look at the investment made in purchasing the second GPU. Of course, this has always been the goal, since I bought the new graphics card, to recoup the investment. But he still hadn't calculated or predicted how much time he would need.
The second GPU had a cost of 0.01781695BTC. As I do not account for the cost of electricity, which I classify as an investment in BTC, this is the amount I aim to recover. The mining of this GPU started in the last days of December 2021. Since then I have been gathering the data together with the GPU I already had. Both are part of the same adventure and, therefore, the amount to be recovered will be analyzed based on the total investment I made for the purchase of the two GPUs. Of course, the investment in the first GPU has already been recovered, now the second one is missing.
So, since I started this adventure, I invested in total 0.03586320BTC (1st GPU: 0.01804625BTC / 2nd GPU: 0.01781695BTC).
I have already recovered 70% of the invested amount, totaling 0.02540877BTC.
Therefore, 0.01045443BTC remains to be recovered.
Right now, my daily average is 0.00006805 BTC/24h. This indicates that if I keep this pace, within 154 days (6 months), I can recover the entire amount invested, in the purchase of both GPUs, which in this case is only equivalent to the second purchase.
All these numbers are available here.
TO BE CONTINUED
February 27, 2022 - EXTRA INTERESTING
March 06, 2022 - EVERYTHING IN NORMALITY
March 20, 2022 - ELECTRICAL PROBLEMS BUT NOTHING SERIOUS
March 27, 2022 - WHAT IF I BUY ANOTHER GPU?
January 23, 2022
WEAK WEEK
I think this week has been a bad week for everyone. It was weak for miners, it was weak for investors... the truth is you can't always be winning. Since the value of Bitcoin influences the entire market, at this point, it remains to be seen who the resisters are.
After last week ended on a high on 2miners, this week was nothing extraordinary. I had an estimated average of 0.00004948 BTC/24h, without validating with the payment. A very significant drop compared to the averages of the previous weeks. On NiceHash, the average was 0.00005153 BTC/24h, thus remaining stable compared to previous weeks. Showing to be a more constant platform, despite the ups and downs.
With these results I have mined an estimated total of 0.00111679 BTC on 2miners and on NiceHash a total of 0.00109694 BTC. Showing that 2miners still has an advantage, but with a difference of, more or less, a day of mining. Bearing in mind that last week, a day of mining on 2miners was worth almost two, the two rigs have been showing very similar performance.
All these numbers are available here.
However, despite not being mining, I took advantage of this downturn in the market to assemble a team in the game Axie. I've probably already lost the game's boom, but the experience will still be interesting. The money invested was about 150$. Since the process involved several conversions, until reaching WETH in the Ronin wallet, I will do the math to know when I will recover the investment, in dollars and not in BTC, as I normally do. Let's see how it goes.
January 30, 2022
FALLING BITCOIN
If in 2021 the month of January was fantastic for Bitcoin, with historic price hikes. January 2022 has been the opposite, with a price drop that many did not expect. But this is Bitcoin, we have to be used to these ups and downs. But this ends up affecting mining, causing the hash value to also decrease. Even though I don't have a lot of processing power, I still find it profitable to continue mining, so I've kept up the mining pace.
I've been using it for the month of January to buy two mining platforms, NiceHash and 2miners. And it is interesting to note, how the devaluation of Bitcoin has been feeling in mining. Both platforms have similar behaviors, but NiceHash is more stable/regular, where the variation of daily gain does not vary much from day to day, even having days with greater gain than others, the value is maintained . Even when it goes down, it goes down gradually.
On the other hand, 2miners is more irregular, despite maintaining an average gain similar to NiceHash, daily gains vary more, with days where the gain is much higher than others. But this turns out to be normal, as at 2miners I am mining ETH directly, and earnings may vary depending on the overall performance of the pool. In NiceHash I am selling hash and in turn the gain remains daily, as the hash value remains more or less the same.
This past week the trend of decreasing earnings has continued, considering that NiceHash performed a little better than 2miners. On NiceHash the average was around 0.00004689 BTC/24h, on 2miners the average was around 0.00004418 BTC/24h, thus contradicting the trend of the first weeks of this analysis, where 2miners had better averages.
Even so, they were still very similar values. Next week, I will analyze the final results of the comparison between these two platforms, in order to gather information from every day of the month of January and present more accurate values.
All these numbers are available here.
TO BE CONTINUED
February 06, 2022 - NICEHASH OR 2MINERS - THE RESULT
February 13, 2022 - ADVENTURE EXTRAS
February 20, 2022 - FORECASTS
Note to the reader: The topic has been reorganized, with the reports being divided into several posts. This way, it will be easier to read and follow the events. At the same time it will allow me to make more regular updates. Each post will have a link to the next one, and at the beginning of the topic the timeline is still available.
January 09, 2022
NICEHASH OR 2MINER
When I started this adventure, many asked why I used NiceHash and not mine ETH directly. The reason was that I wanted to recover BTC by investing in the purchase of GPU, and to avoid exchange and fee issues, I opted for NiceHash. But now that I have two GPUs, with the same hash capacity, I decided for a month to try mining on two platforms: NiceHash and 2Miners.
On both platforms I will receive in Bitcoin. NiceHash already pays naturally in BTC and in the case of 2Miners I am using their function, which converts the mined ETH into BTC, at the time of payment. I think it will be interesting to observe, during this month of January 2022, the results obtained on these two platforms and, in this way, to understand which one has the highest profitability, for those who mine with GPU and want to receive Bitcoin.
With two GPUs at the start of 2022, it's a good start and allows you to make this comparison right from the start. It seemed that everything had started well, but unfortunately this first week didn't go so well. I had some instability in the connection to the Internet, being that once more 5 hours without connection. Because of this, it was not the best week in mining, nor for the start of this review, of the two platforms. But, this problem affected both cards, so analysis will always be equivalent.
Looking at the global numbers, I can say that it wasn't a very exciting week, maybe it was the worst week (per GPU) of this adventure, but I can't forget the problems that occurred. On NiceHash I got an average of 0.00004814 BTC/24h and on 2miners an average of 0.00004887 BTC/24h (it could have been a little more, since the two days data is incomplete). So, when analyzing this first week, we notice that there is no significant difference between the two platforms. But more data will always be needed to draw clearer conclusions. Let's see how this month goes.
All these numbers are available here.
January 16, 2022
SECOND WEEK OF COMPARISON
As mentioned earlier, during the month of January 2022, I am mining NiceHash and 2miner, so we can make a comparison between the two platforms and see which one is eventually more profitable.
To better validate the data, at 2miner, I have based it on the payments I receive. And last week, when I presented the numbers from 2miners, I mentioned that the data was incomplete and I still hadn't received the payment to validate. That's why the numbers I put forward weren't very accurate. Now, I can report that on 2miner last week I had an average of 0.00005119 BTC/24h and not the 0.00004887 BTC/24h mentioned.
That said, in a week without major mishaps, we started to have more concrete data. On NiceHash I got an average of 0.00005191 BTC/24h, having accumulated around 0.00073823 BTC.
On 2miners I had an average of 0.00006357 BTC/24, this still without receiving payment to validate. Having already accumulated about 0.00084810 BTC. But, it should be mentioned that 01/15/2022 was atypical, since without any apparent explanation, I got almost double the income, with a magnificent 0.00011085 BTC. How nice it would be if these atypical days happened more often.
All these numbers are available here.
TO BE CONTINUED
January 23, 2022 - WEAK WEEK
January 30, 2022 - FALLING BITCOIN
January 09, 2022
NICEHASH OR 2MINER
When I started this adventure, many asked why I used NiceHash and not mine ETH directly. The reason was that I wanted to recover BTC by investing in the purchase of GPU, and to avoid exchange and fee issues, I opted for NiceHash. But now that I have two GPUs, with the same hash capacity, I decided for a month to try mining on two platforms: NiceHash and 2Miners.
On both platforms I will receive in Bitcoin. NiceHash already pays naturally in BTC and in the case of 2Miners I am using their function, which converts the mined ETH into BTC, at the time of payment. I think it will be interesting to observe, during this month of January 2022, the results obtained on these two platforms and, in this way, to understand which one has the highest profitability, for those who mine with GPU and want to receive Bitcoin.
With two GPUs at the start of 2022, it's a good start and allows you to make this comparison right from the start. It seemed that everything had started well, but unfortunately this first week didn't go so well. I had some instability in the connection to the Internet, being that once more 5 hours without connection. Because of this, it was not the best week in mining, nor for the start of this review, of the two platforms. But, this problem affected both cards, so analysis will always be equivalent.
Looking at the global numbers, I can say that it wasn't a very exciting week, maybe it was the worst week (per GPU) of this adventure, but I can't forget the problems that occurred. On NiceHash I got an average of 0.00004814 BTC/24h and on 2miners an average of 0.00004887 BTC/24h (it could have been a little more, since the two days data is incomplete). So, when analyzing this first week, we notice that there is no significant difference between the two platforms. But more data will always be needed to draw clearer conclusions. Let's see how this month goes.
All these numbers are available here.
January 16, 2022
SECOND WEEK OF COMPARISON
As mentioned earlier, during the month of January 2022, I am mining NiceHash and 2miner, so we can make a comparison between the two platforms and see which one is eventually more profitable.
To better validate the data, at 2miner, I have based it on the payments I receive. And last week, when I presented the numbers from 2miners, I mentioned that the data was incomplete and I still hadn't received the payment to validate. That's why the numbers I put forward weren't very accurate. Now, I can report that on 2miner last week I had an average of 0.00005119 BTC/24h and not the 0.00004887 BTC/24h mentioned.
That said, in a week without major mishaps, we started to have more concrete data. On NiceHash I got an average of 0.00005191 BTC/24h, having accumulated around 0.00073823 BTC.
On 2miners I had an average of 0.00006357 BTC/24, this still without receiving payment to validate. Having already accumulated about 0.00084810 BTC. But, it should be mentioned that 01/15/2022 was atypical, since without any apparent explanation, I got almost double the income, with a magnificent 0.00011085 BTC. How nice it would be if these atypical days happened more often.
All these numbers are available here.
TO BE CONTINUED
January 23, 2022 - WEAK WEEK
January 30, 2022 - FALLING BITCOIN
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
January 02, 2022
ONE MORE GPU
After several weeks of researching, calculating and meditating on the subject, I decided to buy another GPU to join this adventure. That involved building a second computer, and for that I needed to buy a power supply and a hard drive, as that was what I needed to get everything working. The idea of building a second computer was already old, so the possibility of buying a GPU was gaining more and more strength. Also because I couldn't add the new card to the current PC, since I no longer have expansion space and then on the 3060 I have the LHR is unlocked by the driver and a new Nvidia would ruin it.
Having decided to go ahead with the purchase of another printing company, I had to choose the model and find it available. I wanted a graphics card that had a lower price than the first one I bought and with a similar capacity. In this sense, the 3060 TI LHR v2 version would be the most suitable. So I looked among several stores and the price was a little high for what I wanted, so I searched the private sales market, where I found a seller who sells new GPUs at more affordable prices.
So I closed the deal, and bought the Asus Dual GeForce RTX 3060 Ti V2 Mini 8GB GDDR6 OC Edition LHR card for €780 - 0.01781695BTC. If we look at the BTC value it was almost equal to the first GPU, but the value in Euros is lower. Also, the value of Bitcoin is lower now than when I bought the first GPU. But the objective remains, to recover the invested BTC, which should happen within 5~6 months, I hope.
Gathering all the pieces and having the assembly done, we will start to understand that this is what the investment was made for. So once I've assembled everything, I started Nicehash, to start mining right away and then make the necessary settings. With NiceHash running, I was only getting 33MH/s. So I started to search for the best settings that pointed to a rate between 41 and 44MH/s, but regardless of the overclock settings I did, strangely the speed didn't increase.
So, nothing better than turning to BitcoinTalk. I exposed the situation to the community, and @rdluffy promptly made himself available to help make the board perform more. He suggested first using the T-rex to mine and then adjusting the overclock. So I did and started using the T-rex, which with the overclocking configuration that I had done before, I got a fantastic 48MH/s, without errors and with stability, well above the most common reports. I made a few more adjustments, to try to get the best performance in terms of energy, and everything was working correctly.
Here is the configuration used:
What about this week's mining? Well, by the middle of the week I already had this extra help, so the result was a little better. Based on the payment I received from 2miners, after 7 days of mining, I averaged 0.00006889 BTC/24h, this with two days using two graphics cards. In the month of December, between the two platforms used (NiceHash and 2miners) it achieved a general average of 0.000059775 BTC/24h, not deviating much from the averages of the previous months.
This adventure has now entered a new phase, let's see how it goes. Thank you once again for your support.
All these numbers are available here.
TO BE CONTINUED
January 09, 2022 - NICEHASH OR 2MINER
January 16, 2022 - SECOND WEEK OF COMPARISON
January 02, 2022
ONE MORE GPU
After several weeks of researching, calculating and meditating on the subject, I decided to buy another GPU to join this adventure. That involved building a second computer, and for that I needed to buy a power supply and a hard drive, as that was what I needed to get everything working. The idea of building a second computer was already old, so the possibility of buying a GPU was gaining more and more strength. Also because I couldn't add the new card to the current PC, since I no longer have expansion space and then on the 3060 I have the LHR is unlocked by the driver and a new Nvidia would ruin it.
Having decided to go ahead with the purchase of another printing company, I had to choose the model and find it available. I wanted a graphics card that had a lower price than the first one I bought and with a similar capacity. In this sense, the 3060 TI LHR v2 version would be the most suitable. So I looked among several stores and the price was a little high for what I wanted, so I searched the private sales market, where I found a seller who sells new GPUs at more affordable prices.
So I closed the deal, and bought the Asus Dual GeForce RTX 3060 Ti V2 Mini 8GB GDDR6 OC Edition LHR card for €780 - 0.01781695BTC. If we look at the BTC value it was almost equal to the first GPU, but the value in Euros is lower. Also, the value of Bitcoin is lower now than when I bought the first GPU. But the objective remains, to recover the invested BTC, which should happen within 5~6 months, I hope.
Gathering all the pieces and having the assembly done, we will start to understand that this is what the investment was made for. So once I've assembled everything, I started Nicehash, to start mining right away and then make the necessary settings. With NiceHash running, I was only getting 33MH/s. So I started to search for the best settings that pointed to a rate between 41 and 44MH/s, but regardless of the overclock settings I did, strangely the speed didn't increase.
So, nothing better than turning to BitcoinTalk. I exposed the situation to the community, and @rdluffy promptly made himself available to help make the board perform more. He suggested first using the T-rex to mine and then adjusting the overclock. So I did and started using the T-rex, which with the overclocking configuration that I had done before, I got a fantastic 48MH/s, without errors and with stability, well above the most common reports. I made a few more adjustments, to try to get the best performance in terms of energy, and everything was working correctly.
Here is the configuration used:
What about this week's mining? Well, by the middle of the week I already had this extra help, so the result was a little better. Based on the payment I received from 2miners, after 7 days of mining, I averaged 0.00006889 BTC/24h, this with two days using two graphics cards. In the month of December, between the two platforms used (NiceHash and 2miners) it achieved a general average of 0.000059775 BTC/24h, not deviating much from the averages of the previous months.
This adventure has now entered a new phase, let's see how it goes. Thank you once again for your support.
All these numbers are available here.
TO BE CONTINUED
January 09, 2022 - NICEHASH OR 2MINER
January 16, 2022 - SECOND WEEK OF COMPARISON
Congrats on ROI! now time to make add'l profits!
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
December 26, 2021
NO BIG DIFFERENCES
I've only been mining for 15 days with 2Miners, and it's still a short time to be able to make a detailed comparison with NiceHash in terms of profitability, but the numbers already leave some indicators. After the first busy week, the second week using 2miners was already "normal" and so I was able to get a clearer idea of the performance.
The hash average remains around 48 MH/s, which indicates that I have everything well configured. Regarding mined BTC value, the average since I started on 2Miners has been 0.00005516 BTC/24h, but we have to take into account that I have incomplete data from the first week. So let's just look at this last week. Between the 18th and the 24th, I got a daily average of 0.00006060 BTC/24h. If you don't count the 18th, and only the 19th to 24th, the average was 0.00006361 BTC/24h. If you look at the last payout period, which took 7 days to mine 0.005 ETH, which took place from the 18th (12:00 UTC) to the 25th (12:00 UTC), the average was 0.00005953 BTC/24h .
On this basis I can say that at the moment I'm doing practically the same daily average as I did on NiceHash. I don't see any advantage on the 2Miners platform in terms of final gain. Of course it has its pros and cons, like all platforms. But, certainly in a few weeks, it will be easier to make comparisons.
All these numbers are available here.
TO BE CONTINUED
January 02, 2022 - ONE MORE GPU
December 26, 2021
NO BIG DIFFERENCES
I've only been mining for 15 days with 2Miners, and it's still a short time to be able to make a detailed comparison with NiceHash in terms of profitability, but the numbers already leave some indicators. After the first busy week, the second week using 2miners was already "normal" and so I was able to get a clearer idea of the performance.
The hash average remains around 48 MH/s, which indicates that I have everything well configured. Regarding mined BTC value, the average since I started on 2Miners has been 0.00005516 BTC/24h, but we have to take into account that I have incomplete data from the first week. So let's just look at this last week. Between the 18th and the 24th, I got a daily average of 0.00006060 BTC/24h. If you don't count the 18th, and only the 19th to 24th, the average was 0.00006361 BTC/24h. If you look at the last payout period, which took 7 days to mine 0.005 ETH, which took place from the 18th (12:00 UTC) to the 25th (12:00 UTC), the average was 0.00005953 BTC/24h .
On this basis I can say that at the moment I'm doing practically the same daily average as I did on NiceHash. I don't see any advantage on the 2Miners platform in terms of final gain. Of course it has its pros and cons, like all platforms. But, certainly in a few weeks, it will be easier to make comparisons.
All these numbers are available here.
TO BE CONTINUED
January 02, 2022 - ONE MORE GPU
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
December 19, 2021
FIRST WEEK AT 2MINERS
As of the end of 12/10/2021, I started mining in the 2Miners pool, and it has been a week of learning how to use the pool and its settings. This made it a somewhat eventful week, full of ups and downs. In the first hours of mining, Windows blocked Gminer, as it had not correctly configured Windows Defender, something I had already mentioned.
Then, the first configuration I made of the GPU through MSI Afterburner was not the best, causing the performance to drop sometimes. I had to run NiceHash again to "copy" the configuration it does, in order to manually configure the GPU. It is true that there are configurations shared by other users, which I could replicate, but the configuration I had in NiceHash allowed me to get a good performance from the GPU and at the same time be able to make normal use of the PC. Setup done, I got a good performance getting almost always running at 48MH/s, which is great for this card.
This week I still had to restart my PC for a Windows update, which normally happens on the second Tuesday of every month. And then, I still had a problem on the internet, being without connection for about 3~4 hours. In the face of all these setbacks, it was not a good first week. According to the data collected, I made an average of 0.00005900 BTC/24h, very similar to the last two months I was on NiceHash. This is based on the first payout I received, which covers the period from the 10th to the 18th (12:00 UTC), as payouts are made whenever 0.005 ETH accumulates.
The file with the numbers already has information about mining on 2Miners. Unfortunately, the data presented for this first week are not 100% accurate, especially for days 13 to 15. This is because there is no practical function to collect mining data. Data is collected via a JSON file, which only displays data from the last 72 hours (approximately). Because I was not aware of this, I did not collect the data every day and thus I was left with incomplete information.
All these numbers are available here.
TO BE CONTINUED
December 26, 2021 - NO BIG DIFFERENCES
December 19, 2021
FIRST WEEK AT 2MINERS
As of the end of 12/10/2021, I started mining in the 2Miners pool, and it has been a week of learning how to use the pool and its settings. This made it a somewhat eventful week, full of ups and downs. In the first hours of mining, Windows blocked Gminer, as it had not correctly configured Windows Defender, something I had already mentioned.
Then, the first configuration I made of the GPU through MSI Afterburner was not the best, causing the performance to drop sometimes. I had to run NiceHash again to "copy" the configuration it does, in order to manually configure the GPU. It is true that there are configurations shared by other users, which I could replicate, but the configuration I had in NiceHash allowed me to get a good performance from the GPU and at the same time be able to make normal use of the PC. Setup done, I got a good performance getting almost always running at 48MH/s, which is great for this card.
This week I still had to restart my PC for a Windows update, which normally happens on the second Tuesday of every month. And then, I still had a problem on the internet, being without connection for about 3~4 hours. In the face of all these setbacks, it was not a good first week. According to the data collected, I made an average of 0.00005900 BTC/24h, very similar to the last two months I was on NiceHash. This is based on the first payout I received, which covers the period from the 10th to the 18th (12:00 UTC), as payouts are made whenever 0.005 ETH accumulates.
The file with the numbers already has information about mining on 2Miners. Unfortunately, the data presented for this first week are not 100% accurate, especially for days 13 to 15. This is because there is no practical function to collect mining data. Data is collected via a JSON file, which only displays data from the last 72 hours (approximately). Because I was not aware of this, I did not collect the data every day and thus I was left with incomplete information.
All these numbers are available here.
TO BE CONTINUED
December 26, 2021 - NO BIG DIFFERENCES
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
December 12, 2021
START USING 2MINERS
This week I managed to reach the ceiling planned on NiceHash, to withdraw the mined BTC there and to be able to leave the minimum ceiling sufficient for a future withdrawal. The idea is if you have to go back there, don't start from scratch and if you don't want to go back I can remove what's there. With that, I started mining at 2Miners, a pool that allows you to mine ETH and receive in BTC, with low fees associated with conversions.
I chose to use the Gminer program, taking advantage of a giveaway they are doing at the moment, for those who are using the new version. With NiceHash the program managed the GPU configuration for the best performance, now it doesn't. So I had to start by checking the configuration used by NiceHash and then using the MSI Afterburner program to replicate this configuration.
Then we have the problem of Windows classifying Gminer as potentially dangerous, we have to go to the security settings and create exceptions for the program. By chance I didn't even do it correctly initially, and the program after a few hours of work was blocked, which I had to review this aspect that is now resolved. I still had to analyze the configuration of Gminer, which despite not being difficult, it had been many years since I had used it to mine and so I had to review the configuration functions.
After all, I'm finally mining ETH directly in the 2Miners pool. This is a whole new experience, because I have never mined any other currency other than BTC. Yes, on NiceHash I was actually mining ETH as well, but it was different as it was through intermediaries. Even so, if I didn't screw up the configuration, I will receive it in BTC.
For the first 6 days of the week, I was mining with NiceHash. As I had already noticed in the previous week, the hash value was a little higher, so the average of those days was 0.00006333 BTC/24h with an average of 47.61 MH/s. At 2Miners it is still not possible to make a correct assessment, because during the first day I went through the configuration settings, but I managed to mine the equivalent of 0.00005597 BTC, which may be different, depending on the ETH/BTC exchange value when I receive the payment. Either way, I could see that the value is not far from what happened in NiceHash.
All these numbers are available here.
TO BE CONTINUED
December 19, 2021 - FIRST WEEK AT 2MINERS
December 12, 2021
START USING 2MINERS
This week I managed to reach the ceiling planned on NiceHash, to withdraw the mined BTC there and to be able to leave the minimum ceiling sufficient for a future withdrawal. The idea is if you have to go back there, don't start from scratch and if you don't want to go back I can remove what's there. With that, I started mining at 2Miners, a pool that allows you to mine ETH and receive in BTC, with low fees associated with conversions.
I chose to use the Gminer program, taking advantage of a giveaway they are doing at the moment, for those who are using the new version. With NiceHash the program managed the GPU configuration for the best performance, now it doesn't. So I had to start by checking the configuration used by NiceHash and then using the MSI Afterburner program to replicate this configuration.
Then we have the problem of Windows classifying Gminer as potentially dangerous, we have to go to the security settings and create exceptions for the program. By chance I didn't even do it correctly initially, and the program after a few hours of work was blocked, which I had to review this aspect that is now resolved. I still had to analyze the configuration of Gminer, which despite not being difficult, it had been many years since I had used it to mine and so I had to review the configuration functions.
After all, I'm finally mining ETH directly in the 2Miners pool. This is a whole new experience, because I have never mined any other currency other than BTC. Yes, on NiceHash I was actually mining ETH as well, but it was different as it was through intermediaries. Even so, if I didn't screw up the configuration, I will receive it in BTC.
For the first 6 days of the week, I was mining with NiceHash. As I had already noticed in the previous week, the hash value was a little higher, so the average of those days was 0.00006333 BTC/24h with an average of 47.61 MH/s. At 2Miners it is still not possible to make a correct assessment, because during the first day I went through the configuration settings, but I managed to mine the equivalent of 0.00005597 BTC, which may be different, depending on the ETH/BTC exchange value when I receive the payment. Either way, I could see that the value is not far from what happened in NiceHash.
All these numbers are available here.
TO BE CONTINUED
December 19, 2021 - FIRST WEEK AT 2MINERS
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
December 06, 2021
CONTINUE ON NICEHASH?
As I mentioned earlier, I still don't have a new goal or plan set. I've been analyzing the possibility of acquiring another GPU, both in the used and new market. For reasons of energy consumption and profitability, the RTX 3060 TI seems to me to be the best choice, despite the LHR. In turn, I didn't want to make a much bigger investment than I did in buying the first GPU. Therefore, I am analyzing several possibilities and seeing what is available on the market, and I have noticed that there are models with only 2 fans that have more interesting prices, which can be a good possibility.
Since the value of Bitcoin has been decreasing, I will not make any investment for now, so as not to decapitalize too much BTC, and thus reduce the time for the recovery of the invested BTC. Because, as with the first investment, I want to focus on recovering BTC and not fiat.
As I analyze the market and wait for BTC to appreciate, I continue to mine with Nicehash. But I have been checking the possibility of mining in other pools. I found that the average gain between mining NiceHash or Ethereum directly has a variation of only 0.10~0.20€/day. Bearing in mind that with NiceHash, the program manages the GPU configuration automatically, to get the best performance, I don't see a significant difference to justify a change.
It's still money, so the more you can get, the better. As I didn't want, at least for now, to accumulate ETH and its conversion is usually quite expensive, I've been analyzing the possibility of mining in the 2miners pool. This pool allows you to mine Ethereum and receive payments in BTC, for a low withdrawal fee (+/- 0.20$). So I hope in the next few days to start mining at 2miners, and for a few weeks to analyze the performance, in order to compare it with NiceHash. I will make this change when I have a balance that I think is suitable to withdraw, as I don't want to leave anything there or just enough for a future withdrawal.
This last week, the performance was a little better than the previous weeks, getting 0.00006192 BTC/24h with an average rate of 47.33 MH/s. The month of November was the month that had the least income, only getting 0.00174120 BTC, with a daily average of 0.00005804 BTC.
All these numbers are available here.
TO BE CONTINUED
December 12, 2021 - START USING 2MINERS
December 06, 2021
CONTINUE ON NICEHASH?
As I mentioned earlier, I still don't have a new goal or plan set. I've been analyzing the possibility of acquiring another GPU, both in the used and new market. For reasons of energy consumption and profitability, the RTX 3060 TI seems to me to be the best choice, despite the LHR. In turn, I didn't want to make a much bigger investment than I did in buying the first GPU. Therefore, I am analyzing several possibilities and seeing what is available on the market, and I have noticed that there are models with only 2 fans that have more interesting prices, which can be a good possibility.
Since the value of Bitcoin has been decreasing, I will not make any investment for now, so as not to decapitalize too much BTC, and thus reduce the time for the recovery of the invested BTC. Because, as with the first investment, I want to focus on recovering BTC and not fiat.
As I analyze the market and wait for BTC to appreciate, I continue to mine with Nicehash. But I have been checking the possibility of mining in other pools. I found that the average gain between mining NiceHash or Ethereum directly has a variation of only 0.10~0.20€/day. Bearing in mind that with NiceHash, the program manages the GPU configuration automatically, to get the best performance, I don't see a significant difference to justify a change.
It's still money, so the more you can get, the better. As I didn't want, at least for now, to accumulate ETH and its conversion is usually quite expensive, I've been analyzing the possibility of mining in the 2miners pool. This pool allows you to mine Ethereum and receive payments in BTC, for a low withdrawal fee (+/- 0.20$). So I hope in the next few days to start mining at 2miners, and for a few weeks to analyze the performance, in order to compare it with NiceHash. I will make this change when I have a balance that I think is suitable to withdraw, as I don't want to leave anything there or just enough for a future withdrawal.
This last week, the performance was a little better than the previous weeks, getting 0.00006192 BTC/24h with an average rate of 47.33 MH/s. The month of November was the month that had the least income, only getting 0.00174120 BTC, with a daily average of 0.00005804 BTC.
All these numbers are available here.
TO BE CONTINUED
December 12, 2021 - START USING 2MINERS
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
November 28, 2021
SEE NEW PLANS?
Despite reaching the goal last week, I continue to mine normally, at least to solidify the value gained a bit. And maybe now, trying to recoup the money for the amount spent on energy, despite not accounting for this situation, is just an "excuse" to continue mining.
At the moment I'm still thinking about what I'm going to do, if I continue to mine at NiceHash, if I try other ways of mining or move on to a new investment. I took the opportunity this week to look at some mining options available, without much detail is right, but I noticed that in most cases the withdrawal amount is a little "high" compared to NiceHash, having to wait almost 1 month for able to remove the mined value. That in itself is not a problem, but as I haven't planned anything yet, I didn't want to be getting into that field. But, as I said, I haven't really researched the options yet, so I have to take a closer look at this scenario.
In the meantime, I've been looking into the possibility of investing in a new GPU. But if I choose this option, I also have to invest in a power supply and a hard disk, because that's what I need to build a second PC, but that's also not a big investment and would meet an old idea of having a second PC. In turn, the problem of the graphics market remains, low stock and high values, together with the fact that Nvidia currently has all graphics cards with LHR.
Despite that, I've been doing some market analysis, even looking at AMD cards, which tend to be cheaper, despite having less hash capacity. Even so, the RX 6700 XT model seemed interesting to me, since it has a similar profitability to my current GPU (a little less but not much). Either way, it would require an investment of around €1030, including the source and disc, and it would take another 6 months to recover that gain. I still don't know if I want to make this investment or not, especially because Bitcoin has been in a devaluation phase. On the other hand, when looking at the value involved, the idea of investing directly in a second-hand ASIC still crossed my mind. But of course, in this scenario, I had to study everything very well.
But for now, it is to continue analyzing the various paths I can follow and see what to do. Therefore, new plans may come, but nothing is decided yet.
By the way, I give the status of the other extras that were involved. In the case of Theta, the last time I talked about it, I was thinking of turning off the program, but then I went back to having encoding work and left the program open. But in the last two weeks I didn't have jobs again and that's why I stopped earning. Interestingly or not, today I have a job again, we'll see how this goes again. Maybe I need to talk about the project more often.
In the case of Chia, it is to be maintained, since it has been in a constant rhythm, because in the pool where I am, it usually finds a block every 2/3 days, and I receive about 0.006 to 0.007. Which is not bad for the number of plots I have.
Before finishing, and despite not posting this week's chart, the results were very similar to the last few weeks, with an average of 0.00005947 BTC/24h. Once again, thanks for your support.
All these numbers are available here.
TO BE CONTINUED
December 06, 2021 - CONTINUE ON NICEHASH?
November 28, 2021
SEE NEW PLANS?
Despite reaching the goal last week, I continue to mine normally, at least to solidify the value gained a bit. And maybe now, trying to recoup the money for the amount spent on energy, despite not accounting for this situation, is just an "excuse" to continue mining.
At the moment I'm still thinking about what I'm going to do, if I continue to mine at NiceHash, if I try other ways of mining or move on to a new investment. I took the opportunity this week to look at some mining options available, without much detail is right, but I noticed that in most cases the withdrawal amount is a little "high" compared to NiceHash, having to wait almost 1 month for able to remove the mined value. That in itself is not a problem, but as I haven't planned anything yet, I didn't want to be getting into that field. But, as I said, I haven't really researched the options yet, so I have to take a closer look at this scenario.
In the meantime, I've been looking into the possibility of investing in a new GPU. But if I choose this option, I also have to invest in a power supply and a hard disk, because that's what I need to build a second PC, but that's also not a big investment and would meet an old idea of having a second PC. In turn, the problem of the graphics market remains, low stock and high values, together with the fact that Nvidia currently has all graphics cards with LHR.
Despite that, I've been doing some market analysis, even looking at AMD cards, which tend to be cheaper, despite having less hash capacity. Even so, the RX 6700 XT model seemed interesting to me, since it has a similar profitability to my current GPU (a little less but not much). Either way, it would require an investment of around €1030, including the source and disc, and it would take another 6 months to recover that gain. I still don't know if I want to make this investment or not, especially because Bitcoin has been in a devaluation phase. On the other hand, when looking at the value involved, the idea of investing directly in a second-hand ASIC still crossed my mind. But of course, in this scenario, I had to study everything very well.
But for now, it is to continue analyzing the various paths I can follow and see what to do. Therefore, new plans may come, but nothing is decided yet.
By the way, I give the status of the other extras that were involved. In the case of Theta, the last time I talked about it, I was thinking of turning off the program, but then I went back to having encoding work and left the program open. But in the last two weeks I didn't have jobs again and that's why I stopped earning. Interestingly or not, today I have a job again, we'll see how this goes again. Maybe I need to talk about the project more often.
In the case of Chia, it is to be maintained, since it has been in a constant rhythm, because in the pool where I am, it usually finds a block every 2/3 days, and I receive about 0.006 to 0.007. Which is not bad for the number of plots I have.
Before finishing, and despite not posting this week's chart, the results were very similar to the last few weeks, with an average of 0.00005947 BTC/24h. Once again, thanks for your support.
All these numbers are available here.
TO BE CONTINUED
December 06, 2021 - CONTINUE ON NICEHASH?
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
November 21, 2021
GOAL ACHIEVED
After almost 8 months, more precisely 226 days, with more than 5000 hours of mining and 29 pages of this diary, I reached the goal! I spent/invested 0.01804625 BTC, at the beginning of April 2021, in the purchase of the Gigabyte GeForce RTX 3060 EAGLE OC 12GB board, and on November 20th 2020 managed to mine a total of 0.01807719 BTC.
Initially, he had planned to recover the Bitcoins invested in 6/7 months, and he didn't deviate much from these predictions, remaining in 7 and a half months. Maybe I would have done it in less than 2 or 3 weeks, if the hash value in NiceHash hadn't gone down a month ago. Even so, my daily average was 0.00007999 BTC/24h all along this route, above the expected 0.000006500 BTC/24h.
Over these months, the monthly average was 0.00225965 BTC/month. With the month of May 2021 being the best month, managing to mine this month 0.00364130 BTC. The worst month was October 2021 (not counting the first or the last month, which were not completed), achieving only 0.00180968 BTC.
Although I'm not counting the expenditure on electricity, the information is that the amount probably spent on energy (I can't be 100% sure) was around €100. All these numbers are available here.
I do not fail to present the graph of the week in which I reached the goal, where I had an average of 0.00005679 BTC/h:
AND NEXT?
Now the question arises: what comes next?
For now, I will solidify this gain and in the coming days maybe explore the idea of other forms of mining that may even be more profitable in the short term.
In relation to this diary?
Well, in advance, I thank everyone who has been following this adventure of mine, and I hope you enjoyed this report. Will I continue? Yes, as I still plan to do some things that might be interesting to report.
I thank everyone for the support you have given and continue to read my story. Doing this work, without your support, was not worth it, nor would it have been possible. So I want to thank everyone for reading. And I hope you continue to follow this diary of mine. Thank you very much.
TO BE CONTINUED
November 28, 2021 - SEE NEW PLANS?
November 21, 2021
GOAL ACHIEVED
After almost 8 months, more precisely 226 days, with more than 5000 hours of mining and 29 pages of this diary, I reached the goal! I spent/invested 0.01804625 BTC, at the beginning of April 2021, in the purchase of the Gigabyte GeForce RTX 3060 EAGLE OC 12GB board, and on November 20th 2020 managed to mine a total of 0.01807719 BTC.
Initially, he had planned to recover the Bitcoins invested in 6/7 months, and he didn't deviate much from these predictions, remaining in 7 and a half months. Maybe I would have done it in less than 2 or 3 weeks, if the hash value in NiceHash hadn't gone down a month ago. Even so, my daily average was 0.00007999 BTC/24h all along this route, above the expected 0.000006500 BTC/24h.
Over these months, the monthly average was 0.00225965 BTC/month. With the month of May 2021 being the best month, managing to mine this month 0.00364130 BTC. The worst month was October 2021 (not counting the first or the last month, which were not completed), achieving only 0.00180968 BTC.
Although I'm not counting the expenditure on electricity, the information is that the amount probably spent on energy (I can't be 100% sure) was around €100. All these numbers are available here.
I do not fail to present the graph of the week in which I reached the goal, where I had an average of 0.00005679 BTC/h:
AND NEXT?
Now the question arises: what comes next?
For now, I will solidify this gain and in the coming days maybe explore the idea of other forms of mining that may even be more profitable in the short term.
In relation to this diary?
Well, in advance, I thank everyone who has been following this adventure of mine, and I hope you enjoyed this report. Will I continue? Yes, as I still plan to do some things that might be interesting to report.
I thank everyone for the support you have given and continue to read my story. Doing this work, without your support, was not worth it, nor would it have been possible. So I want to thank everyone for reading. And I hope you continue to follow this diary of mine. Thank you very much.
TO BE CONTINUED
November 28, 2021 - SEE NEW PLANS?
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
November 14, 2021
FINAL LINE
I'm already in the final stretch of this adventure, which lasts for almost 8 months. It was initially expected to last 6/7 months, but the hash value has been decreasing over the past 3 months, causing the pace to slow down a bit. Even so, if all goes well and at this rate, I believe that within a week I will reach the goal of recovering the Bitcoins invested in the purchase of the GPU. The question that starts to be asked now is what to do after reaching the goal?
As long as you think about it, mining continues. This past week (which maybe I can now call: penultimate week), I had an average speed of 47.79 MH/s, and an average of 0.00005932 BTC/24h. Here is the graphic:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
November 21, 2021 - GOAL ACHIEVED > AND NEXT?
November 14, 2021
FINAL LINE
I'm already in the final stretch of this adventure, which lasts for almost 8 months. It was initially expected to last 6/7 months, but the hash value has been decreasing over the past 3 months, causing the pace to slow down a bit. Even so, if all goes well and at this rate, I believe that within a week I will reach the goal of recovering the Bitcoins invested in the purchase of the GPU. The question that starts to be asked now is what to do after reaching the goal?
As long as you think about it, mining continues. This past week (which maybe I can now call: penultimate week), I had an average speed of 47.79 MH/s, and an average of 0.00005932 BTC/24h. Here is the graphic:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
November 21, 2021 - GOAL ACHIEVED > AND NEXT?
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
November 07, 2021
LITTLE LESS
This last week, the hash value increased a little in NiceHash and it was possible to have a week almost within the gains in BTC that I had predicted when I started this adventure. As I intend to recover the amount in Bitcoin invested (0.01804625BTC), I can say that I have already recovered 0.01727097BTC. This means that only 0.00077528BTC is left. If I manage to maintain this average weekly gain, in 10 days I should be able to reach the goal. We will then see how the next two weeks go.
In the last week, the average speed was a little lower than normal, being 46.75 MH/s. And I had an average daily gain of 0.00006149 BTC/24h, which is not bad. Here is the graphic:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
November 14, 2021 - FINAL LINE
November 07, 2021
LITTLE LESS
This last week, the hash value increased a little in NiceHash and it was possible to have a week almost within the gains in BTC that I had predicted when I started this adventure. As I intend to recover the amount in Bitcoin invested (0.01804625BTC), I can say that I have already recovered 0.01727097BTC. This means that only 0.00077528BTC is left. If I manage to maintain this average weekly gain, in 10 days I should be able to reach the goal. We will then see how the next two weeks go.
In the last week, the average speed was a little lower than normal, being 46.75 MH/s. And I had an average daily gain of 0.00006149 BTC/24h, which is not bad. Here is the graphic:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
November 14, 2021 - FINAL LINE
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
October 17, 2021
WORST WEEK
This last week was the worst week ever, where everything went negative. At NiceHash, every 4h, payment is made if the accumulated amount exceeds 0.00001 BTC, and during that week, I received all payments every 8h (except for two or three occasions). In other words, I couldn't accumulate enough to receive every 4 hours. Afterwards, I still had a period of 3-4 hours without undermining, because my router blocked and I ran out of internet, something that had never happened to me. So, in a week I was having a low profitability, to gather a good number of hours without undermining, it was really a bad week. Of course I couldn't expect that everything would always go well. But down the stretch, things are getting tougher.
Since the average MH/s has remained the same, I started to ask myself why this drop in profitability. As explained in the NiceHash tutorials, this is due to the devaluation of the hash in the marketplace. Even so, I find it strange, at a time when Bitcoin is increasing in value, that there is such a devaluation. So I did an analysis of the numbers, since I started mining. I focused on the amount earned daily, which much of that period occurred with the Bitcoin value going down. And based on this analysis, I think there is a relationship between Bitcoin appreciation and NiceHash payments. He left here an analysis that I did, for your consideration:
I have 191 days of mining.
In just 37 days I received €3.5 or more, and all took place between April and May, with the exception of one day in August.
On the other days, I received an average of 2.74€.
This month, my daily average is 2.67€.
Note: These values are based on the corresponding Bitcoin value for each day.
In short, on average I receive practically the same amount in Euros since I started. In other words, there is no devaluation of the hash value, there is an increase in Bitcoin, which makes NiceHash adapt the value paid in BTC. As I'm counting the amount received in BTC and not in Euros, you get the idea that I'm receiving less. I'm actually getting less Bitcoin, but I continued to get the same in Euros. Of course this is just an analysis of my data, without any concrete evidence, not my opinion.
So, if I look at the amount in Euros received, I can say that I have already recovered the money, BUT what I want is to recover the Bitcoins spent, and in that sense I still need another month to get it. Therefore, this week I received an average of 0.00005544 BTC/24h, despite the internet failures, being 88% of the goal achieved.
Here's the graph from the hard week:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
October 31, 2021
TWO WEEKS, DIFFERENT PROFITS
Two weeks ago I had the worst week in terms of BTC profitability. Despite continuing to receive the same average value in Euros, the value in BTC was the lowest, as a result of the increase in Bitcoin value. But over these two weeks, the value of Bitcoin stopped rising significantly and became slightly more stable. This gradually increased the profitability of BTC slightly.
Thus, in the week after the worst, profitability was practically the same, with a daily average of 0.00005679 BTC/24h (in the worst week it was 0.00005544 BTC/24h). Here's the graph for this week:
But for the last two days of that week, he had felt some change, leaving him with the feeling that the following week would be better. And this is what happened. Profitability increased slightly, enough that practically every 4 hours it was able to receive payment, making the average to be 0.00006151 BTC/24h.
How are the accounts for the goal after these two weeks? Despite the month of October being the month in which I received less BTC (it was almost the same as in April - first month and incomplete), I have already managed to reach 93% of the proposed amount. If I keep this pace low, I expect to reach my goal within 15 to 20 days. I remind you that I am not accounting for the expense I have with electricity, I am assuming that investment expense.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
November 07, 2021 - LITTLE LESS
October 17, 2021
WORST WEEK
This last week was the worst week ever, where everything went negative. At NiceHash, every 4h, payment is made if the accumulated amount exceeds 0.00001 BTC, and during that week, I received all payments every 8h (except for two or three occasions). In other words, I couldn't accumulate enough to receive every 4 hours. Afterwards, I still had a period of 3-4 hours without undermining, because my router blocked and I ran out of internet, something that had never happened to me. So, in a week I was having a low profitability, to gather a good number of hours without undermining, it was really a bad week. Of course I couldn't expect that everything would always go well. But down the stretch, things are getting tougher.
Since the average MH/s has remained the same, I started to ask myself why this drop in profitability. As explained in the NiceHash tutorials, this is due to the devaluation of the hash in the marketplace. Even so, I find it strange, at a time when Bitcoin is increasing in value, that there is such a devaluation. So I did an analysis of the numbers, since I started mining. I focused on the amount earned daily, which much of that period occurred with the Bitcoin value going down. And based on this analysis, I think there is a relationship between Bitcoin appreciation and NiceHash payments. He left here an analysis that I did, for your consideration:
I have 191 days of mining.
In just 37 days I received €3.5 or more, and all took place between April and May, with the exception of one day in August.
On the other days, I received an average of 2.74€.
This month, my daily average is 2.67€.
Note: These values are based on the corresponding Bitcoin value for each day.
In short, on average I receive practically the same amount in Euros since I started. In other words, there is no devaluation of the hash value, there is an increase in Bitcoin, which makes NiceHash adapt the value paid in BTC. As I'm counting the amount received in BTC and not in Euros, you get the idea that I'm receiving less. I'm actually getting less Bitcoin, but I continued to get the same in Euros. Of course this is just an analysis of my data, without any concrete evidence, not my opinion.
So, if I look at the amount in Euros received, I can say that I have already recovered the money, BUT what I want is to recover the Bitcoins spent, and in that sense I still need another month to get it. Therefore, this week I received an average of 0.00005544 BTC/24h, despite the internet failures, being 88% of the goal achieved.
Here's the graph from the hard week:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
October 31, 2021
TWO WEEKS, DIFFERENT PROFITS
Two weeks ago I had the worst week in terms of BTC profitability. Despite continuing to receive the same average value in Euros, the value in BTC was the lowest, as a result of the increase in Bitcoin value. But over these two weeks, the value of Bitcoin stopped rising significantly and became slightly more stable. This gradually increased the profitability of BTC slightly.
Thus, in the week after the worst, profitability was practically the same, with a daily average of 0.00005679 BTC/24h (in the worst week it was 0.00005544 BTC/24h). Here's the graph for this week:
But for the last two days of that week, he had felt some change, leaving him with the feeling that the following week would be better. And this is what happened. Profitability increased slightly, enough that practically every 4 hours it was able to receive payment, making the average to be 0.00006151 BTC/24h.
How are the accounts for the goal after these two weeks? Despite the month of October being the month in which I received less BTC (it was almost the same as in April - first month and incomplete), I have already managed to reach 93% of the proposed amount. If I keep this pace low, I expect to reach my goal within 15 to 20 days. I remind you that I am not accounting for the expense I have with electricity, I am assuming that investment expense.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
November 07, 2021 - LITTLE LESS
Thanks, buddy for all your help. Tried everything and nothing seems to be working for me.
Looks like, I am in a soup.
I am trying to figure it out on my own and see if I can find something.
If you happen to stumble upon any new information, please do share it with me.
Thanks!
Looks like, I am in a soup.
I am trying to figure it out on my own and see if I can find something.
If you happen to stumble upon any new information, please do share it with me.
Thanks!
Any other ideas/suggestions would be greatly appreciated.
Thanks.
Thanks.
Sorry, I don't see any other reasons for this to continue to happen.
I didn't have any major problems, I was pretty much doing that and everything worked.
You already had the opportunity to see this video:
https://www.youtube.com/watch?v=f05JWe-cMoY
I hope it helps.
Just built a new machine on a different set of motherboard, CPU, RAM, and clean installed Windows 10 on it.
Then removed GPU card from the old motherboard and installed it on the newly built system and then installed 470.05 from your link. Also, connected the HDMI monitor.
But, the result is still the same. I am getting only 23 to 24 MH/s when running Nicehash Quick Miner.
Any other ideas/suggestions would be greatly appreciated.
Thanks.
Then removed GPU card from the old motherboard and installed it on the newly built system and then installed 470.05 from your link. Also, connected the HDMI monitor.
But, the result is still the same. I am getting only 23 to 24 MH/s when running Nicehash Quick Miner.
Any other ideas/suggestions would be greatly appreciated.
Thanks.
Hmm ok.
I will do that. I will set up Windows 10 on a different SSD (I already have one) and try setting it up again.
Will get back to you with my findings.
I will do that. I will set up Windows 10 on a different SSD (I already have one) and try setting it up again.
Will get back to you with my findings.
Here it is
GIGABYTE Nvidia GeForce RTX™ 3060 Gaming OC 12GB GDDR6 Graphics Card (GV-N3060GAMING OC-12GD)
https://www.amazon.in/GIGABYTE-GeForce-Graphics-GV-N3060GAMING-OC-12GD/dp/B08WB6R2K4/ref=sr_1_1?dchild=1&keywords=rtx+3060&qid=1626756956&sr=8-1
GIGABYTE Nvidia GeForce RTX™ 3060 Gaming OC 12GB GDDR6 Graphics Card (GV-N3060GAMING OC-12GD)
https://www.amazon.in/GIGABYTE-GeForce-Graphics-GV-N3060GAMING-OC-12GD/dp/B08WB6R2K4/ref=sr_1_1?dchild=1&keywords=rtx+3060&qid=1626756956&sr=8-1
This model is equivalent to what I have.
This performance is really strange, if you have the drive and use it with the main GPU.
I would suggest trying to reinstall everything from scratch.
Erase card drivers and everything connected to Nvidia. And re-install everything from the beginning.
Here it is
GIGABYTE Nvidia GeForce RTX™ 3060 Gaming OC 12GB GDDR6 Graphics Card (GV-N3060GAMING OC-12GD)
https://www.amazon.in/GIGABYTE-GeForce-Graphics-GV-N3060GAMING-OC-12GD/dp/B08WB6R2K4/ref=sr_1_1?dchild=1&keywords=rtx+3060&qid=1626756956&sr=8-1
GIGABYTE Nvidia GeForce RTX™ 3060 Gaming OC 12GB GDDR6 Graphics Card (GV-N3060GAMING OC-12GD)
https://www.amazon.in/GIGABYTE-GeForce-Graphics-GV-N3060GAMING-OC-12GD/dp/B08WB6R2K4/ref=sr_1_1?dchild=1&keywords=rtx+3060&qid=1626756956&sr=8-1
What is your GPU?
Do you have a link where you bought it?
Do you have a link where you bought it?
I set it up on a PCI e x16 slot on my motherboard and installed 470.05 drivers.
The PCI-E 16x that the card is connected to, is it the main board, or is it an adapter?
Did you use the driver that I provide in the topic?
This can sometimes happen because Windows has updated the driver. Or the version you installed is not the beta version.
Thanks for responding.
GPU is directly installed on the motherboard (ASRock A320M-HDV R4.0 Motherboard (BIOS Updated for Ryzen 3rd Gen Processors) with 4 SATA3, 1 Ultra M.2 (PCIe Gen3 x4 & SATA3)).
I installed the driver from somewhere on the web before I found your post. But it is indeed 470.05. After installing the driver, when I open NVIDIA Control Panel, I can see the driver version as 470.05.
I set it up on a PCI e x16 slot on my motherboard and installed 470.05 drivers.
The PCI-E 16x that the card is connected to, is it the main board, or is it an adapter?
Did you use the driver that I provide in the topic?
This can sometimes happen because Windows has updated the driver. Or the version you installed is not the beta version.
Hello Guys,
I am a newbie and after doing whatever research I could, found a non-LHR version of RTX 3060 on Amazon. Paid about $1100 for it.
I set it up on a PCI e x16 slot on my motherboard and installed 470.05 drivers.
Started mining using Quick miner on nicehash and used all the default settings.
I have an HDMI monitor connected to it all the time.
Now, after several days of tweaking and playing around with it, I could only manage 24 mh/s. I want to be able to mine at 50 mh/s.
Can someone please help me and guide me on what I might be doing wrong?
Thanks in advance!
Nitin
I am a newbie and after doing whatever research I could, found a non-LHR version of RTX 3060 on Amazon. Paid about $1100 for it.
I set it up on a PCI e x16 slot on my motherboard and installed 470.05 drivers.
Started mining using Quick miner on nicehash and used all the default settings.
I have an HDMI monitor connected to it all the time.
Now, after several days of tweaking and playing around with it, I could only manage 24 mh/s. I want to be able to mine at 50 mh/s.
Can someone please help me and guide me on what I might be doing wrong?
Thanks in advance!
Nitin
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
October 03, 2021
ANOTHER MONTH TO MINAR
During most of the month of September, I was on vacation, but I left the PC running and mining, so as not to lose my rhythm. Since I wouldn't touch the PC during that period, I was wondering if I would feel any change in mining performance. But overall performance was the same, so PC usage or not doesn't end up affecting GPU mining performance - at least in my case.
Unfortunately the hash value in NiceHash has been going down, and that was reflected well this month of September. The daily average was 0.00007039 BTC/24h, the lowest average since I started this adventure, despite being within forecasts. If this pace continues, I believe the October average will be even lower. Based on this average, I managed to mine this in September, the total of 0.00211194 BTC, allowing to reach 84% of my objective, being predicting (according to the hash value), to reach the objective within 30~40 days.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
Regarding the Chia project, things went positively, and in the last month in the pool where I am, I have found an average of 1 block every 2/3 days. With the space allocated to the project, I have managed to get about 0.007~0.008 XCH/Bloco. I believe that in larger pools, I would earn less per block and in total I would earn less. Or if it were more, it wouldn't be a very significant difference.
As for the Theta project, I'm starting to feel a little disappointed. During the entire month of September, I only had one encoding job. Because of that, even though it was a month in which I had a very available PC, I didn't earn practically anything. If the situation doesn't change, I'll wait for the next payment for the work done so far, and then switch off the program. We'll see.
October 10, 2021
PROFITABILITY TO DECREASE
Yes, profitability continues to go down day by day. The hash value has devalued a lot in NiceHash. Reason? Well, I tried to research a little more about it, but I didn't find any specific reason. So I'm only looking at two possible reasons: there are fewer people buying hash power or there has been a significant increase in miners. This second option may even make some sense, given the increase in Bitcoin value in recent days.
NiceHash makes payments every 4 hours if the minimum earned is 0.00001 BTC. And this week, I had like 3 or 4 payments where I didn't make the minimum. The same number of times that had happened until now, since the beginning of this adventure. It has not been a positive day to achieve the proposed objective.
This week, I kept my average speed at 47.63 MH/s. But I only managed to average 0.00006278 BTC/24h, probably the weakest week since the beginning. Even in the first week of this adventure, with a lower speed and in the testing phase, I had greater profitability - 0.00006880 BTC/24h. I'm predicting that next week will be even weaker. On the positive side, I'm on the final stretch to reach the goal, although it will probably take longer than the 29-day forecast to complete.
Here's this week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
October 17, 2021 - WORST WEEK
October 31, 2021 - TWO WEEKS, DIFFERENT PROFITS
October 03, 2021
ANOTHER MONTH TO MINAR
During most of the month of September, I was on vacation, but I left the PC running and mining, so as not to lose my rhythm. Since I wouldn't touch the PC during that period, I was wondering if I would feel any change in mining performance. But overall performance was the same, so PC usage or not doesn't end up affecting GPU mining performance - at least in my case.
Unfortunately the hash value in NiceHash has been going down, and that was reflected well this month of September. The daily average was 0.00007039 BTC/24h, the lowest average since I started this adventure, despite being within forecasts. If this pace continues, I believe the October average will be even lower. Based on this average, I managed to mine this in September, the total of 0.00211194 BTC, allowing to reach 84% of my objective, being predicting (according to the hash value), to reach the objective within 30~40 days.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
Regarding the Chia project, things went positively, and in the last month in the pool where I am, I have found an average of 1 block every 2/3 days. With the space allocated to the project, I have managed to get about 0.007~0.008 XCH/Bloco. I believe that in larger pools, I would earn less per block and in total I would earn less. Or if it were more, it wouldn't be a very significant difference.
As for the Theta project, I'm starting to feel a little disappointed. During the entire month of September, I only had one encoding job. Because of that, even though it was a month in which I had a very available PC, I didn't earn practically anything. If the situation doesn't change, I'll wait for the next payment for the work done so far, and then switch off the program. We'll see.
October 10, 2021
PROFITABILITY TO DECREASE
Yes, profitability continues to go down day by day. The hash value has devalued a lot in NiceHash. Reason? Well, I tried to research a little more about it, but I didn't find any specific reason. So I'm only looking at two possible reasons: there are fewer people buying hash power or there has been a significant increase in miners. This second option may even make some sense, given the increase in Bitcoin value in recent days.
NiceHash makes payments every 4 hours if the minimum earned is 0.00001 BTC. And this week, I had like 3 or 4 payments where I didn't make the minimum. The same number of times that had happened until now, since the beginning of this adventure. It has not been a positive day to achieve the proposed objective.
This week, I kept my average speed at 47.63 MH/s. But I only managed to average 0.00006278 BTC/24h, probably the weakest week since the beginning. Even in the first week of this adventure, with a lower speed and in the testing phase, I had greater profitability - 0.00006880 BTC/24h. I'm predicting that next week will be even weaker. On the positive side, I'm on the final stretch to reach the goal, although it will probably take longer than the 29-day forecast to complete.
Here's this week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
October 17, 2021 - WORST WEEK
October 31, 2021 - TWO WEEKS, DIFFERENT PROFITS
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
September 05, 2021
ALL STABLE
For two weeks now, the weekly profitability has been gradually decreasing, due to the devaluation of the hash value in NiceHash. This has not been worrying, as the value has never gone down more than initially predicted. This week, the value stabilized and stopped declining, remaining at 0.00007869 BTC/24h, within what was expected.
I can say that the month of August was the least profitable (if not counting the first month that was not complete) since the beginning of this adventure. I only got an average of 0.00007637 BTC/24h, below the average for the first month (0.00008145 BTC/24h). So in total I only managed to mine a total of 0.00236757 BTC during August. But, I have to take into account that this month I took some breaks from mining, for maintenance and improvements to the computer. When mining on the same work PC, this has to be kept in mind.
The important thing is to look at the global scenario, and that I can say is being positive. Bitcoin is slowly increasing in value, which is the best way to go up to gain consistency, and I've already reached 73% of the goal. So, let's go on a good path!
Here's the graph of the week:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
September 12, 2021
GENERAL SITUATION POINT
This adventure started in April 2021, with the aim of using a GPU to mine the money invested in its purchase. Along the way, I added some extras, in order to see how they would go, which were the Chia and Theta projects. So I'm going to make a general situation review of this entire journey.
Let's start with the Theta project - a project that involves video streaming and encoding. "Mining" involves keeping the app open, making the PC available to process video and other platform content, and getting paid for the tasks performed. Since I started, until now, I've had an encoding job every day, getting a 0.16-0.18 Edge for that. Interestingly, from the 21st of August until the 12th of September, I did not receive any work. Even so, I'll keep the program open, since I don't feel performance degradation, I'll keep it running. So far I managed to mine about 6 EDGE.
The Chia project is interesting for its applied logic - space proof. It's not a new concept, but it's a different approach. Although the value of the coin is far from what it was when the project was launched, it has been an interesting experience. Since the official pool protocol came out, I have been mining the FazendaChia.pt pool - a Portuguese project, with servers in Europe and Brazil, which has a very interesting community, in which I am well involved. I took advantage of, some money earned in campaigns here on the forum, to acquire some external disks, to be able to mine this currency. Since the pool is not very big, sometimes it takes a while to find a block and that's why I haven't gained much, because I only have about 15TiB allocated to the project. Even so, every time a block drops, I get about 0.006 XCH. So far I've managed to mine about 0.125 XCH.
But the main thing is to mine with the GPU, using the NiceHash service, to recoup the initial investment. It has been an interesting adventure, always involving a lot of learning, and most importantly it has been above expectations. I have already managed to fulfill 76% of the goal, with a daily average since the beginning of 0.00008873 BTC/24h, above the initial provision. So, if everything continues at this rate, within 2 months I should reach the goal.
In this last week, I averaged 0.00007742 BTC/24h, with an average speed of 47.46 MH/s. Thus, maintaining a stable value, despite having already managed to have higher averages.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
October 03, 2021 - ANOTHER MONTH TO MINAR
October 10, 2021 - PROFITABILITY TO DECREASE
September 05, 2021
ALL STABLE
For two weeks now, the weekly profitability has been gradually decreasing, due to the devaluation of the hash value in NiceHash. This has not been worrying, as the value has never gone down more than initially predicted. This week, the value stabilized and stopped declining, remaining at 0.00007869 BTC/24h, within what was expected.
I can say that the month of August was the least profitable (if not counting the first month that was not complete) since the beginning of this adventure. I only got an average of 0.00007637 BTC/24h, below the average for the first month (0.00008145 BTC/24h). So in total I only managed to mine a total of 0.00236757 BTC during August. But, I have to take into account that this month I took some breaks from mining, for maintenance and improvements to the computer. When mining on the same work PC, this has to be kept in mind.
The important thing is to look at the global scenario, and that I can say is being positive. Bitcoin is slowly increasing in value, which is the best way to go up to gain consistency, and I've already reached 73% of the goal. So, let's go on a good path!
Here's the graph of the week:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
September 12, 2021
GENERAL SITUATION POINT
This adventure started in April 2021, with the aim of using a GPU to mine the money invested in its purchase. Along the way, I added some extras, in order to see how they would go, which were the Chia and Theta projects. So I'm going to make a general situation review of this entire journey.
Let's start with the Theta project - a project that involves video streaming and encoding. "Mining" involves keeping the app open, making the PC available to process video and other platform content, and getting paid for the tasks performed. Since I started, until now, I've had an encoding job every day, getting a 0.16-0.18 Edge for that. Interestingly, from the 21st of August until the 12th of September, I did not receive any work. Even so, I'll keep the program open, since I don't feel performance degradation, I'll keep it running. So far I managed to mine about 6 EDGE.
The Chia project is interesting for its applied logic - space proof. It's not a new concept, but it's a different approach. Although the value of the coin is far from what it was when the project was launched, it has been an interesting experience. Since the official pool protocol came out, I have been mining the FazendaChia.pt pool - a Portuguese project, with servers in Europe and Brazil, which has a very interesting community, in which I am well involved. I took advantage of, some money earned in campaigns here on the forum, to acquire some external disks, to be able to mine this currency. Since the pool is not very big, sometimes it takes a while to find a block and that's why I haven't gained much, because I only have about 15TiB allocated to the project. Even so, every time a block drops, I get about 0.006 XCH. So far I've managed to mine about 0.125 XCH.
But the main thing is to mine with the GPU, using the NiceHash service, to recoup the initial investment. It has been an interesting adventure, always involving a lot of learning, and most importantly it has been above expectations. I have already managed to fulfill 76% of the goal, with a daily average since the beginning of 0.00008873 BTC/24h, above the initial provision. So, if everything continues at this rate, within 2 months I should reach the goal.
In this last week, I averaged 0.00007742 BTC/24h, with an average speed of 47.46 MH/s. Thus, maintaining a stable value, despite having already managed to have higher averages.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
October 03, 2021 - ANOTHER MONTH TO MINAR
October 10, 2021 - PROFITABILITY TO DECREASE
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
August 22, 2021
HARDWARE
I have been using it to mine the PC I use daily, so having good hardware helps to achieve good performance. Although they are not high-end components, I have a well-balanced computer, which has allowed me to perform well in mining and at the same time perform well in my daily use. This setup allows me to be undermining with NiceHash, undermining Chia Network and running Theta Edge Node all at the same time without a major performance change.
Here is the description of my computer's hardware:
Some pictures:
. 
As I mentioned earlier, I took a slight mining break to change the hardware to a new case, with better cooling. This change was positive, allowing to reduce the temperature of the GPU. Before this change, the GPU temperature was around 63º~65º and the VRAM temperature was 60º~63º. Now, with this new configuration, I now have the GPU with 58º~60º and the VRAM with 56º~58º. This temperature reduction will be good for the graphics card's durability and reliability.
This week the hash value has been low, in contrast the Bitcoin value has risen. I got an average of 0.00007589 BTC/24h and an average hash of 46.93 MH/s. In this way it was possible to reach 68% of the goal.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
August 29, 2021
ONLY 30% TO GOAL
After 5 months, since the beginning of this adventure, I managed to reach 70% of the objective. In this sense, and if all goes well, within 2 months I should be able to recover the investment made, in the purchase of the GPU. But this last month does not present a good perspective, as it was the month with the lowest average daily return so far, with around 0.00007672 BTC/day. In the last two/three weeks, this low hash value, which has been offset by the increase in Bitcoin. But I hope the hash value will rise again, or at least remain so, in order to maintain this pace.
This last week, with an average speed of 47.42 MH/s, I managed to get an average of 0.00007189 BTC/24h, a little lower than usual. Despite staying within initial estimates. Here is the graph of the week:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
September 05, 2021 - ALL STABLE
September 12, 2021 - GENERAL SITUATION POINT
August 22, 2021
HARDWARE
I have been using it to mine the PC I use daily, so having good hardware helps to achieve good performance. Although they are not high-end components, I have a well-balanced computer, which has allowed me to perform well in mining and at the same time perform well in my daily use. This setup allows me to be undermining with NiceHash, undermining Chia Network and running Theta Edge Node all at the same time without a major performance change.
Here is the description of my computer's hardware:
- Processor: Intel Core i5-9400F 2.9GHz
- Motherboard: Gigabyte B365M H
- RAM: 2x Kingston HyperX Fury Black 8GB DDR4 2666Mhz PC-21300 CL16
- GPU: Gigabyte GeForce RTX 3060 EAGLE OC 12GB
- Power Supply: Cooler Master MWE 550w 80PLUS Bronze
- Internal Disks: Samsung SSD 850 EVO 120GB (SO) | Samsung HD103UJ 1TB | Seagate Barracuda 2TB - ST2000DM008 | Crucial P2 CT500P2SSD8 500GB
- External Disks: Seagate Expansion STEB14000402 14TB
- Case: ATX Fractal Design Focus G | Fan 140mm Fractal Design Silent Series R3 1000RPM
- SO: Windows 10 (with all updates)
Some pictures:
. As I mentioned earlier, I took a slight mining break to change the hardware to a new case, with better cooling. This change was positive, allowing to reduce the temperature of the GPU. Before this change, the GPU temperature was around 63º~65º and the VRAM temperature was 60º~63º. Now, with this new configuration, I now have the GPU with 58º~60º and the VRAM with 56º~58º. This temperature reduction will be good for the graphics card's durability and reliability.
This week the hash value has been low, in contrast the Bitcoin value has risen. I got an average of 0.00007589 BTC/24h and an average hash of 46.93 MH/s. In this way it was possible to reach 68% of the goal.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
August 29, 2021
ONLY 30% TO GOAL
After 5 months, since the beginning of this adventure, I managed to reach 70% of the objective. In this sense, and if all goes well, within 2 months I should be able to recover the investment made, in the purchase of the GPU. But this last month does not present a good perspective, as it was the month with the lowest average daily return so far, with around 0.00007672 BTC/day. In the last two/three weeks, this low hash value, which has been offset by the increase in Bitcoin. But I hope the hash value will rise again, or at least remain so, in order to maintain this pace.
This last week, with an average speed of 47.42 MH/s, I managed to get an average of 0.00007189 BTC/24h, a little lower than usual. Despite staying within initial estimates. Here is the graph of the week:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
September 05, 2021 - ALL STABLE
September 12, 2021 - GENERAL SITUATION POINT
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
August 08, 2021
LONDON FORK ARRIVED
It was this week that the Ethereum London Fork update arrived. This update brought several improvements to the Ethereum network, the best known being EIP-1559. EIP-1559 proposes that the transaction fee be slashed by the protocol, in order to offset Ethereum inflation. With this update, the profitability of mining may decrease, as miners no longer receive part of the transaction fees, which they previously received and allowed for greater profitability. In turn, if the idea that the price tends to increase, the impact of this change becomes null.
So far I haven't felt a significant change in profitability in my mining, on the contrary, maybe because I'm using Nicehash. This week my daily average was 0.00009402 BTC/24h, which was even higher than the average of the previous week (0.00008421 BTC/24h). This result leaves me 40% off the goal.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
August 15, 2021
PROFITABILITY DOWN AGAIN
Probably because of the London Fork, this week I started to feel a slight drop in overall profitability, reaching a daily average of just 0.00007758 BTC/24H. In reality, it was not a bad average, as it is within what was initially forecast, but compared to the last few weeks, there was a sudden slight drop in profitability. I say sudden, because normally when these drops in profitability occur, it gradually declines a couple of weeks before, but this time it was from one week to the next.
In addition to this week having been the lowest in profitability, I still decided to make a more complex change to my PC, making the mining stop for about 3 hours. In the next report, tell this story. All together, it helped to have this drop in profitability. The good news is that there has been a slight increase in the value of Bitcoin, an increase that has been consistent, and this could be a good indication for the coming weeks.
Here's this week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
August 22, 2021 - HARDWARE
August 29, 2021 - ONLY 30% TO GOAL
August 08, 2021
LONDON FORK ARRIVED
It was this week that the Ethereum London Fork update arrived. This update brought several improvements to the Ethereum network, the best known being EIP-1559. EIP-1559 proposes that the transaction fee be slashed by the protocol, in order to offset Ethereum inflation. With this update, the profitability of mining may decrease, as miners no longer receive part of the transaction fees, which they previously received and allowed for greater profitability. In turn, if the idea that the price tends to increase, the impact of this change becomes null.
So far I haven't felt a significant change in profitability in my mining, on the contrary, maybe because I'm using Nicehash. This week my daily average was 0.00009402 BTC/24h, which was even higher than the average of the previous week (0.00008421 BTC/24h). This result leaves me 40% off the goal.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
August 15, 2021
PROFITABILITY DOWN AGAIN
Probably because of the London Fork, this week I started to feel a slight drop in overall profitability, reaching a daily average of just 0.00007758 BTC/24H. In reality, it was not a bad average, as it is within what was initially forecast, but compared to the last few weeks, there was a sudden slight drop in profitability. I say sudden, because normally when these drops in profitability occur, it gradually declines a couple of weeks before, but this time it was from one week to the next.
In addition to this week having been the lowest in profitability, I still decided to make a more complex change to my PC, making the mining stop for about 3 hours. In the next report, tell this story. All together, it helped to have this drop in profitability. The good news is that there has been a slight increase in the value of Bitcoin, an increase that has been consistent, and this could be a good indication for the coming weeks.
Here's this week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
August 22, 2021 - HARDWARE
August 29, 2021 - ONLY 30% TO GOAL
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
July 25, 2021
THETA & MINING
Together on this mining adventure, I've been watching Theta Network. It's not yet a project with a lot of value, but I've kept the application running, since I haven't felt any major changes in the PC's performance. During these weeks that I have the program open, I don't perform many tasks, but almost every day I do a video encoding job, which normally has an average payment of about 0.16~0.19 TFUEL. I don't think it's a bad payment, considering that normally this job only takes a few minutes. It's only worth only about 0.33$ (today - the day I wrote the original post), but this is a marathon, and you never know what value it will be in a few months/years.
But the main point of this adventure remains to recover the BTC invested in the purchase of the GPU. And in that sense, everything has been going well and on schedule, with about 3 months to reach this goal, if I can keep this pace. This last week, I had a daily average of 47.54 MH/s and 0.00008692 BTC/24h. Here's this week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
August 01, 2021
MONTH OF JULY
After 4 months of mining, I'm just over halfway to achieving my goal. The month of July was so far the second best month of this adventure, with a daily average of 0.00008693 BTC, which allowed us to earn a total of 0.00269513 BTC in July. It would be good to be able to maintain this pace, which would allow us to reach the goal within 80 days. But when looking at scenarios for the coming weeks, this could be difficult as EIP-1559 is just days away from taking effect.
In the last week of July, I had a similar performance to the previous weeks, with an average of 0.00008421 BTC/24h, and with an average speed of 47.18 MH/s. I also had a day with a lot of activity on the PC, reducing profitability that day. Below is the graphic:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
August 08, 2021 - LONDON FORK ARRIVED
August 15, 2021 - PROFITABILITY DOWN AGAIN
July 25, 2021
THETA & MINING
Together on this mining adventure, I've been watching Theta Network. It's not yet a project with a lot of value, but I've kept the application running, since I haven't felt any major changes in the PC's performance. During these weeks that I have the program open, I don't perform many tasks, but almost every day I do a video encoding job, which normally has an average payment of about 0.16~0.19 TFUEL. I don't think it's a bad payment, considering that normally this job only takes a few minutes. It's only worth only about 0.33$ (today - the day I wrote the original post), but this is a marathon, and you never know what value it will be in a few months/years.
But the main point of this adventure remains to recover the BTC invested in the purchase of the GPU. And in that sense, everything has been going well and on schedule, with about 3 months to reach this goal, if I can keep this pace. This last week, I had a daily average of 47.54 MH/s and 0.00008692 BTC/24h. Here's this week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
August 01, 2021
MONTH OF JULY
After 4 months of mining, I'm just over halfway to achieving my goal. The month of July was so far the second best month of this adventure, with a daily average of 0.00008693 BTC, which allowed us to earn a total of 0.00269513 BTC in July. It would be good to be able to maintain this pace, which would allow us to reach the goal within 80 days. But when looking at scenarios for the coming weeks, this could be difficult as EIP-1559 is just days away from taking effect.
In the last week of July, I had a similar performance to the previous weeks, with an average of 0.00008421 BTC/24h, and with an average speed of 47.18 MH/s. I also had a day with a lot of activity on the PC, reducing profitability that day. Below is the graphic:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
August 08, 2021 - LONDON FORK ARRIVED
August 15, 2021 - PROFITABILITY DOWN AGAIN
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
July 11, 2021
MIDDLE OF ADVENTURE
After 3 months and 1 week, I'm practically halfway through this adventure, with 49% of the goal achieved. Remembering, the objective is to mine 0.01804625 BTC, which was the amount invested in Bitcoin to acquire a GPU card - Gigabyte GeForce RTX 3060 EAGLE OC 12GB. At this point I have already managed to gather 0.00884408 BTC, all mined with this card through NiceHash.
At NiceHash, the hash value varies daily and, in this last week, it returned to a value well above estimates, with a daily average of 0.00009517 BTC/24H, with three days in a row having achieved more than 0.0001 BTC. It should be mentioned that on Saturday, I returned to intensive PC activity and profitability dropped that day. This week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
POOL IN CHIA
It was this week that the official protocol for the Chia Network pools was finally released. Before that, the network had grown so fast that it was very difficult to mine soil, especially for the resources it had available, but with the arrival of pools it could be different.
This official pool system is interesting. Each mined block earns 2 XCH, where 0.25 XCH goes to the miner who found the block, and the 1.75 XCH goes to the pool to distribute to all farmers. The value of the distribution will be based on the points that each miner accumulates by making tests with the plots associated with the pool.Each time the pool encounters a block, the XCH is distributed and the point count resets to zero.
To mine in the pool is equally simple, as was making plots and mining soil. The official Chia wallet now has a new tab for pools, where the desired pool is added, indicating its link, and then you will be creating new plots associated with that pool. If the person wants, they can use third-party programs, which allegedly make plots faster. But I haven't tested this strand yet.
With this in mind, I decided to invest a little bit to participate in a pool. So, with the money earned in the sig campaigns here on the forum, I decided to invest 0.01094434 BTC, to buy a 14TB external drive and a 500GB M.2 drive. The M.2 disk aims to create plots faster than using the Chia wallet, I'm creating a plot in +/- 5-6 hours. It was also in this purchase that I tried the Binance card for the first time, and it worked very well. I transferred this amount to the Binance account, allocated this amount to the card, and then at Amazon I used this card to pay for the discs.
So, since Thursday (July 8th), I've been creating plots for the pool. Fazenda Chia, which is a Portuguese pool in which I had the opportunity to closely monitor its development.
We'll see how this goes. Hope to come earn some extra money. Either way, the worst possible scenario would be to have been left with a hard drive to store movies, but now instead of being in 1080p it's going to be in 4K. I'll be breaking news of this add-on in this mining adventure.
July 18, 2021
HASHRATE ANALYSIS
In mining, the best possible speed is always sought to get the best performance out of the equipment. Throughout this adventure my RTX 3060 weekly averages 47~48MH/s, which is expected for this GPU. I'm using NiceHash, to get back the money invested, and on this platform you get paid based on the hash value in the market. Therefore, a miner wants this value to be high, as long as it makes available as many MH/s as possible.
In NiceHash, it is possible to obtain information about the hash performance of the last 7 days, with records at intervals of 5 minutes. This last week, my average was 47.39MH/s. To achieve this result, the plate on average daily ran 94 times above 50MH/s, 27 times above 60MH/s and 125 times below 47MH/s. Fortunately the reject speed rate is low at 0.88%.
Based on these values, this week, I got an average of 0.00008799 BTC/24h. Being 07/15/2021, the best day of the week, where I got 0.00009398 BTC, which curiously was one of the days with the lowest average hash. So, with half of the goal achieved, I predict that I will reach 100% within 90 days.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
July 25, 2021 - THETA & MINING
August 01, 2021 - MONTH OF JULY
July 11, 2021
MIDDLE OF ADVENTURE
After 3 months and 1 week, I'm practically halfway through this adventure, with 49% of the goal achieved. Remembering, the objective is to mine 0.01804625 BTC, which was the amount invested in Bitcoin to acquire a GPU card - Gigabyte GeForce RTX 3060 EAGLE OC 12GB. At this point I have already managed to gather 0.00884408 BTC, all mined with this card through NiceHash.
At NiceHash, the hash value varies daily and, in this last week, it returned to a value well above estimates, with a daily average of 0.00009517 BTC/24H, with three days in a row having achieved more than 0.0001 BTC. It should be mentioned that on Saturday, I returned to intensive PC activity and profitability dropped that day. This week's chart:
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
POOL IN CHIA
It was this week that the official protocol for the Chia Network pools was finally released. Before that, the network had grown so fast that it was very difficult to mine soil, especially for the resources it had available, but with the arrival of pools it could be different.
This official pool system is interesting. Each mined block earns 2 XCH, where 0.25 XCH goes to the miner who found the block, and the 1.75 XCH goes to the pool to distribute to all farmers. The value of the distribution will be based on the points that each miner accumulates by making tests with the plots associated with the pool.Each time the pool encounters a block, the XCH is distributed and the point count resets to zero.
To mine in the pool is equally simple, as was making plots and mining soil. The official Chia wallet now has a new tab for pools, where the desired pool is added, indicating its link, and then you will be creating new plots associated with that pool. If the person wants, they can use third-party programs, which allegedly make plots faster. But I haven't tested this strand yet.
With this in mind, I decided to invest a little bit to participate in a pool. So, with the money earned in the sig campaigns here on the forum, I decided to invest 0.01094434 BTC, to buy a 14TB external drive and a 500GB M.2 drive. The M.2 disk aims to create plots faster than using the Chia wallet, I'm creating a plot in +/- 5-6 hours. It was also in this purchase that I tried the Binance card for the first time, and it worked very well. I transferred this amount to the Binance account, allocated this amount to the card, and then at Amazon I used this card to pay for the discs.
So, since Thursday (July 8th), I've been creating plots for the pool. Fazenda Chia, which is a Portuguese pool in which I had the opportunity to closely monitor its development.
We'll see how this goes. Hope to come earn some extra money. Either way, the worst possible scenario would be to have been left with a hard drive to store movies, but now instead of being in 1080p it's going to be in 4K. I'll be breaking news of this add-on in this mining adventure.
July 18, 2021
HASHRATE ANALYSIS
In mining, the best possible speed is always sought to get the best performance out of the equipment. Throughout this adventure my RTX 3060 weekly averages 47~48MH/s, which is expected for this GPU. I'm using NiceHash, to get back the money invested, and on this platform you get paid based on the hash value in the market. Therefore, a miner wants this value to be high, as long as it makes available as many MH/s as possible.
In NiceHash, it is possible to obtain information about the hash performance of the last 7 days, with records at intervals of 5 minutes. This last week, my average was 47.39MH/s. To achieve this result, the plate on average daily ran 94 times above 50MH/s, 27 times above 60MH/s and 125 times below 47MH/s. Fortunately the reject speed rate is low at 0.88%.
Based on these values, this week, I got an average of 0.00008799 BTC/24h. Being 07/15/2021, the best day of the week, where I got 0.00009398 BTC, which curiously was one of the days with the lowest average hash. So, with half of the goal achieved, I predict that I will reach 100% within 90 days.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
July 25, 2021 - THETA & MINING
August 01, 2021 - MONTH OF JULY
aparte lo que no entiendo es lo que mencionas: "Based on this analysis, I decided to try and see the results, using the "high" setting, provided by NiceHash. This change was possible, it increased my daily earnings by almost 50%, compared to the previous week. "
¿podrías explicarme esto? has incrementado tus ganancias diarias un 50%?? cómo es eso posible?
¿podrías explicarme esto? has incrementado tus ganancias diarias un 50%?? cómo es eso posible?
I made this observation based on profitability in between two weeks:
In the first week I made an average of 0.00006880 BTC/24h, and this week 0.00009840 BTC/24h. Great result.
But was it just because of the configuration changes?
BERLIN UPDATE & BITCOIN VALUE
In the second week of this adventure, the Berlin update, on the Ethereum network, followed shortly. By coincidence or not, even with the "media" configuration, I felt a slight increase in average daily earnings after this update.
But was it just because of the configuration changes?
BERLIN UPDATE & BITCOIN VALUE
In the second week of this adventure, the Berlin update, on the Ethereum network, followed shortly. By coincidence or not, even with the "media" configuration, I felt a slight increase in average daily earnings after this update.
But as I said, this may also have been related to increasing the hash value, due to the bitcoin appreciation and the berlin update.
As I didn’t use a lower setting again, I don’t know if this is related or not. But most likely it was the hash value that increased. As it has been happening for the past few days.
In other words, it was 50% from one week to the next, but in general, it was not that increase, of course.
yo empecé con nicehash pero he pasado hace como 3 semanas a minar sólo eth con phoenix y creo que fue acertado viendo que eth está mucho menos volátil y ha subido mucho más en comparación
By the way, what pool have you been using?
Actually I'm using nanopool (but I am considering to move to ethermine).
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
June 27, 2021
SUMMER HAS ARRIVED
On June 21, 2021, summer officially arrived. In Portugal, summer is usually hot and dry, with temperatures of 32~38 degrees. Heat is the biggest enemy of any electronic system, and in this case mining equipment - my GPU. My house is not very hot, but of course at this time the ambient temperature increases, so I have to start paying attention to the temperature of the GPU, so that it stays at the right temperatures. I was reminded of this fact by an interesting article from NiceHash, which you can see here.
So far everything has been quiet, without having to make any configuration changes. Normally the global temperature of the GPU is around 61º and the VRAM in 58º - very normal values. These values should always be away from 70~80 degrees to avoid problems. So now it's time to pay attention to this aspect as well.
This week was better than last week. The hash value increased again, which allowed it to return to a higher-than-expected yield. With an average hash speed of around 48mh/s, I managed to make an average of 0.00008637 BTC/24h. Looking at the chart, the afternoon of the 22nd stands out, where I had a peak in the hash value, only on that day I got 0.000099950 BTC.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
THETA NETWORK
This week, I discovered the Theta Network project, for the video streaming industry. Where the end user is invited to provide bandwidth and processing power, to cache the videos and use their processing power to encode videos for content creators, then rewarded with TFuel.
The project is about 2 years old, and allegedly Google/Youtube is interested in the project. And it is now entering a new phase, with the launch of Mainnet 3.0, which could bring more "work" for miners and a possible valorization of TFuel.
During this week I had the Theta Edge Node program running, which is still in beta version, and it will be the program that will manage the work and earnings of the network. There are two ways to work: cache and compute. In "cache" mode, the videos will be cached, as needed by the network, which so far I haven't had any work. In "compute" mode, this is where we encode videos and provide processing power for the Folding@Home network.
So far I've only had jobs in "compute" mode. Where I'm always with a job for Folding@Home and I only had one encoding job. In total I received only 0.21 TFuel, most of which came from this encoding work, with 0.166 TFuel. It's not much, but so far I haven't seen any exorbitant increase in the consumption of PC resources, and so it will be to maintain, in the expectation of coming to value.
This project can be interesting for those who have their PC always on, and thus get some extra income in the future.
You can find out more on the official website: https://www.thetatoken.org
July 04, 2021
THREE MONTHS LATER
This adventure started three months ago, at the beginning of April, when Bitcoin was worth more than €60,000, a figure that ended up falling at the end of the month, to almost half. I made the investment at the ideal time (I invested almost €900 and now the amount invested is worth just over €500), buying an RTX 3060, with the funds I had saved over the last few years in BTC. I started mining on the 9th of April 2020 and after two days looking for the ideal configurations, I still have the GPU mining at a good pace. At the end of these three months, I can say that I managed to recover 45% of the Bitcoin invested in the purchase of the GPU.
In this last month - June, the daily average was 0.00008332 BTC, below the average of May which was 0.00011746 BTC/24h, which I consider a positive result. In the last week, the average speed reduced a little to 46.86 MH/s, due to a slight increase in PC usage, where I had an average of 0.00008749 BTC/24h. In this way, I'm just over 100 days away from reaching the goal.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
NOTES ON EXTRAS
Right now, in addition to mining via the GPU, I've been looking at two projects that might yield some extras.
One of them is Theta Network, which this week launched Mainnet 3.0. The differences I've felt since the release is that I have some more video encoding jobs. Moving this last week from 0.21 TFuel I had to 1 TFuel. Whether it's going to compensate or not having the program open, I still can't say, because the TFuel value is low. But as the program, it hasn't required a lot of PC resources, so far, I don't see any problems with keeping the program open.
Another project that I've been watching is the Chia Network, it seems that during the next week the official protocol for the pools will be released. In that sense, it could once again be an interesting bet to mine. With that in mind, I took advantage of the income obtained from the campaigns here on the forum, to make a small investment. But I'll give more details later.
TO BE CONTINUED
July 11, 2021 - MIDDLE OF ADVENTURE > POOL IN CHIA
July 18, 2021 - HASHRATE ANALYSIS
June 27, 2021
SUMMER HAS ARRIVED
On June 21, 2021, summer officially arrived. In Portugal, summer is usually hot and dry, with temperatures of 32~38 degrees. Heat is the biggest enemy of any electronic system, and in this case mining equipment - my GPU. My house is not very hot, but of course at this time the ambient temperature increases, so I have to start paying attention to the temperature of the GPU, so that it stays at the right temperatures. I was reminded of this fact by an interesting article from NiceHash, which you can see here.
So far everything has been quiet, without having to make any configuration changes. Normally the global temperature of the GPU is around 61º and the VRAM in 58º - very normal values. These values should always be away from 70~80 degrees to avoid problems. So now it's time to pay attention to this aspect as well.
This week was better than last week. The hash value increased again, which allowed it to return to a higher-than-expected yield. With an average hash speed of around 48mh/s, I managed to make an average of 0.00008637 BTC/24h. Looking at the chart, the afternoon of the 22nd stands out, where I had a peak in the hash value, only on that day I got 0.000099950 BTC.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
THETA NETWORK
This week, I discovered the Theta Network project, for the video streaming industry. Where the end user is invited to provide bandwidth and processing power, to cache the videos and use their processing power to encode videos for content creators, then rewarded with TFuel.
The project is about 2 years old, and allegedly Google/Youtube is interested in the project. And it is now entering a new phase, with the launch of Mainnet 3.0, which could bring more "work" for miners and a possible valorization of TFuel.
During this week I had the Theta Edge Node program running, which is still in beta version, and it will be the program that will manage the work and earnings of the network. There are two ways to work: cache and compute. In "cache" mode, the videos will be cached, as needed by the network, which so far I haven't had any work. In "compute" mode, this is where we encode videos and provide processing power for the Folding@Home network.
So far I've only had jobs in "compute" mode. Where I'm always with a job for Folding@Home and I only had one encoding job. In total I received only 0.21 TFuel, most of which came from this encoding work, with 0.166 TFuel. It's not much, but so far I haven't seen any exorbitant increase in the consumption of PC resources, and so it will be to maintain, in the expectation of coming to value.
This project can be interesting for those who have their PC always on, and thus get some extra income in the future.
You can find out more on the official website: https://www.thetatoken.org
July 04, 2021
THREE MONTHS LATER
This adventure started three months ago, at the beginning of April, when Bitcoin was worth more than €60,000, a figure that ended up falling at the end of the month, to almost half. I made the investment at the ideal time (I invested almost €900 and now the amount invested is worth just over €500), buying an RTX 3060, with the funds I had saved over the last few years in BTC. I started mining on the 9th of April 2020 and after two days looking for the ideal configurations, I still have the GPU mining at a good pace. At the end of these three months, I can say that I managed to recover 45% of the Bitcoin invested in the purchase of the GPU.
In this last month - June, the daily average was 0.00008332 BTC, below the average of May which was 0.00011746 BTC/24h, which I consider a positive result. In the last week, the average speed reduced a little to 46.86 MH/s, due to a slight increase in PC usage, where I had an average of 0.00008749 BTC/24h. In this way, I'm just over 100 days away from reaching the goal.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
NOTES ON EXTRAS
Right now, in addition to mining via the GPU, I've been looking at two projects that might yield some extras.
One of them is Theta Network, which this week launched Mainnet 3.0. The differences I've felt since the release is that I have some more video encoding jobs. Moving this last week from 0.21 TFuel I had to 1 TFuel. Whether it's going to compensate or not having the program open, I still can't say, because the TFuel value is low. But as the program, it hasn't required a lot of PC resources, so far, I don't see any problems with keeping the program open.
Another project that I've been watching is the Chia Network, it seems that during the next week the official protocol for the pools will be released. In that sense, it could once again be an interesting bet to mine. With that in mind, I took advantage of the income obtained from the campaigns here on the forum, to make a small investment. But I'll give more details later.
TO BE CONTINUED
July 11, 2021 - MIDDLE OF ADVENTURE > POOL IN CHIA
July 18, 2021 - HASHRATE ANALYSIS
aparte lo que no entiendo es lo que mencionas: "Based on this analysis, I decided to try and see the results, using the "high" setting, provided by NiceHash. This change was possible, it increased my daily earnings by almost 50%, compared to the previous week. "
¿podrías explicarme esto? has incrementado tus ganancias diarias un 50%?? cómo es eso posible?
¿podrías explicarme esto? has incrementado tus ganancias diarias un 50%?? cómo es eso posible?
I made this observation based on profitability in between two weeks:
In the first week I made an average of 0.00006880 BTC/24h, and this week 0.00009840 BTC/24h. Great result.
But was it just because of the configuration changes?
BERLIN UPDATE & BITCOIN VALUE
In the second week of this adventure, the Berlin update, on the Ethereum network, followed shortly. By coincidence or not, even with the "media" configuration, I felt a slight increase in average daily earnings after this update.
But was it just because of the configuration changes?
BERLIN UPDATE & BITCOIN VALUE
In the second week of this adventure, the Berlin update, on the Ethereum network, followed shortly. By coincidence or not, even with the "media" configuration, I felt a slight increase in average daily earnings after this update.
But as I said, this may also have been related to increasing the hash value, due to the bitcoin appreciation and the berlin update.
As I didn’t use a lower setting again, I don’t know if this is related or not. But most likely it was the hash value that increased. As it has been happening for the past few days.
In other words, it was 50% from one week to the next, but in general, it was not that increase, of course.
yo empecé con nicehash pero he pasado hace como 3 semanas a minar sólo eth con phoenix y creo que fue acertado viendo que eth está mucho menos volátil y ha subido mucho más en comparación
By the way, what pool have you been using?
Hello again!
I inform you that I added another part of my report. You can see it here:
https://bitcointalksearch.org/topic/m.56961262
I inform you that I added another part of my report. You can see it here:
https://bitcointalksearch.org/topic/m.56961262
compañero, tengo una consultilla que hacerte, he leído con interés tu post ya que pensaba agenciarme una rtx 3060 a secas y sumarla en mi rig con 3 rtx 3070
entiendo que en este caso para que "tire" a 47 mhs tendría que ponerla por hdmi la monitor (es mi pc principal este rig), que el riser esté conectado en un pci-16x y tener los conocidos drivers no?
aparte lo que no entiendo es lo que mencionas: "Based on this analysis, I decided to try and see the results, using the "high" setting, provided by NiceHash. This change was possible, it increased my daily earnings by almost 50%, compared to the previous week. "
¿podrías explicarme esto? has incrementado tus ganancias diarias un 50%?? cómo es eso posible?
yo empecé con nicehash pero he pasado hace como 3 semanas a minar sólo eth con phoenix y creo que fue acertado viendo que eth está mucho menos volátil y ha subido mucho más en comparación
gracias de antemano y saludos
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
June 13, 2021
MAINTENANCE WEEK
Since I'm using my normal PC, I have to keep it up to date with Windows. Before, I used to do this normally, without worrying about when I would restart the PC. But with mining, things have to be better planned so that downtime is minimal. Since the hash value is entering a more "normal" value, this was a good time to take a little break. In addition to the updates, I wanted to upgrade the RAM memory.
Gathered the stuff (the RAM), proceeded to update Windows, and open the PC to install the RAM. Opening the PC, I took the opportunity to do a little cleaning of the equipment, remove some of the dust. Fortunately there was less dust than I expected, thankfully. So it must have taken me about 30 minutes to do this maintenance. Everything went well and it was a short break.
After upgrading, I noticed that when I use the PC more intensively, the mining program sometimes restarts. SSomething that wasn't normal anymore, but sometimes it happens, the difference is that now it's done more often. It might just be a coincidence, because I have to keep in mind that I'm not using the latest official version of the GPU driver, and so small errors can sometimes appear. Either way, I don't see performance differences, so I suppose that's okay.
Despite this short break, this week's mining performance was as expected. The hash value has been going down to the values I had predicted when I started this adventure. Even so, with the pause and the value going down, the weekly average was good, with 0.00008515 BTC/24h. So I have 35% of the long goal, 134 days away from achieving it.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
June 20, 2021
NORMALITY WEEK AND EXCEL CORRECTIONS
After a set of weeks where the hash value was on the rise, and after a devastating drop in the Bitcoin value, this week will have been the week of stability. Bitcoin without major variations in value, although it remains low. And the hash value returned to what was predicted when I started this adventure. It was good when the hash value was high, as it allowed for a good advance towards the goal, it may rise again.
This week, I kept the average speed at 47.67 MH/s and averaged 0.00007757 BTC/24h, within the initial plan. If you keep these numbers, you are satisfied, as I already have 38% of the goal achieved. Here is the graphic:
In the meantime, I found an error in the accounts I was doing in the file, when calculating the estimated deadline to reach the goal. Instead of calculating the monthly average, I was calculating the median. With this situation fixed, instead of being 125 days to the target, I'm actually 114 days - 4 months, which is on schedule.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
June 27, 2021 - SUMMER HAS ARRIVED > THETA NETWORK
July 04, 2021 - THREE MONTHS LATER > NOTES ON EXTRAS
June 13, 2021
MAINTENANCE WEEK
Since I'm using my normal PC, I have to keep it up to date with Windows. Before, I used to do this normally, without worrying about when I would restart the PC. But with mining, things have to be better planned so that downtime is minimal. Since the hash value is entering a more "normal" value, this was a good time to take a little break. In addition to the updates, I wanted to upgrade the RAM memory.
Gathered the stuff (the RAM), proceeded to update Windows, and open the PC to install the RAM. Opening the PC, I took the opportunity to do a little cleaning of the equipment, remove some of the dust. Fortunately there was less dust than I expected, thankfully. So it must have taken me about 30 minutes to do this maintenance. Everything went well and it was a short break.
After upgrading, I noticed that when I use the PC more intensively, the mining program sometimes restarts. SSomething that wasn't normal anymore, but sometimes it happens, the difference is that now it's done more often. It might just be a coincidence, because I have to keep in mind that I'm not using the latest official version of the GPU driver, and so small errors can sometimes appear. Either way, I don't see performance differences, so I suppose that's okay.
Despite this short break, this week's mining performance was as expected. The hash value has been going down to the values I had predicted when I started this adventure. Even so, with the pause and the value going down, the weekly average was good, with 0.00008515 BTC/24h. So I have 35% of the long goal, 134 days away from achieving it.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
June 20, 2021
NORMALITY WEEK AND EXCEL CORRECTIONS
After a set of weeks where the hash value was on the rise, and after a devastating drop in the Bitcoin value, this week will have been the week of stability. Bitcoin without major variations in value, although it remains low. And the hash value returned to what was predicted when I started this adventure. It was good when the hash value was high, as it allowed for a good advance towards the goal, it may rise again.
This week, I kept the average speed at 47.67 MH/s and averaged 0.00007757 BTC/24h, within the initial plan. If you keep these numbers, you are satisfied, as I already have 38% of the goal achieved. Here is the graphic:
In the meantime, I found an error in the accounts I was doing in the file, when calculating the estimated deadline to reach the goal. Instead of calculating the monthly average, I was calculating the median. With this situation fixed, instead of being 125 days to the target, I'm actually 114 days - 4 months, which is on schedule.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
TO BE CONTINUED
June 27, 2021 - SUMMER HAS ARRIVED > THETA NETWORK
July 04, 2021 - THREE MONTHS LATER > NOTES ON EXTRAS
Can't someone just mod a driver for rtx3060? This card do 50mh with ease I just hope something comes up one day for this GPU it sucks to buy at 1100$ and get 25MH per this GPU when 600$ card can do 31mh ( gtx1660 super )
Use this driver:
https://mega.nz/file/rE1E0JCS#-xL0bc6t2UiuiZ0Vtc-I9hcqGhV0UIr0B6FKJcdy_kE
It works for me. My average is 47MH/s.
According to some reports it is necessary to be directly connected to the PCI-E 16x port and have a connection on HDMI.
As it is my main PC, it is how I have it.
The people having trouble with the hashrate of this card can find the driver by searching "nvidia's geforce 470.05 beta driver" on google.The link on Mega is non existent as Mega.nz removed it.You can put it in another host and people can download and solve their problems.
I updated the driver link, in a housing controlled by me. I hope it helps.
https://onedrive.live.com/?authkey=%21AImZg23q45RZKlI&cid=DCF42BCB3A71AAE5&id=DCF42BCB3A71AAE5%21129862&parId=DCF42BCB3A71AAE5%21129818
Nicehash ... people really are that dumb
I don't understand the hate on Nicehash...some people behinde nicehash had problems with the law in the past.
You heard from the problems from the phoenixminer developer and nicehash? No? Then find out more about this and you will become scared.
And if Nicehash loose all coins again on a mysterious way, than you understand the hate.
Can't someone just mod a driver for rtx3060? This card do 50mh with ease I just hope something comes up one day for this GPU it sucks to buy at 1100$ and get 25MH per this GPU when 600$ card can do 31mh ( gtx1660 super )
Use this driver:
https://mega.nz/file/rE1E0JCS#-xL0bc6t2UiuiZ0Vtc-I9hcqGhV0UIr0B6FKJcdy_kE
It works for me. My average is 47MH/s.
According to some reports it is necessary to be directly connected to the PCI-E 16x port and have a connection on HDMI.
As it is my main PC, it is how I have it.
The people having trouble with the hashrate of this card can find the driver by searching "nvidia's geforce 470.05 beta driver" on google.The link on Mega is non existent as Mega.nz removed it.You can put it in another host and people can download and solve their problems.
I need 10 seconds to find this driver.
https://drive.google.com/drive/folders/1ehoPBLv2bEhC-I40a7YQfbTm_mRaJPAf
Can't someone just mod a driver for rtx3060? This card do 50mh with ease I just hope something comes up one day for this GPU it sucks to buy at 1100$ and get 25MH per this GPU when 600$ card can do 31mh ( gtx1660 super )
Use this driver:
https://mega.nz/file/rE1E0JCS#-xL0bc6t2UiuiZ0Vtc-I9hcqGhV0UIr0B6FKJcdy_kE
It works for me. My average is 47MH/s.
According to some reports it is necessary to be directly connected to the PCI-E 16x port and have a connection on HDMI.
As it is my main PC, it is how I have it.
The people having trouble with the hashrate of this card can find the driver by searching "nvidia's geforce 470.05 beta driver" on google.The link on Mega is non existent as Mega.nz removed it.You can put it in another host and people can download and solve their problems.
Can't someone just mod a driver for rtx3060? This card do 50mh with ease I just hope something comes up one day for this GPU it sucks to buy at 1100$ and get 25MH per this GPU when 600$ card can do 31mh ( gtx1660 super )
Use this driver:
https://mega.nz/file/rE1E0JCS#-xL0bc6t2UiuiZ0Vtc-I9hcqGhV0UIr0B6FKJcdy_kE
It works for me. My average is 47MH/s.
According to some reports it is necessary to be directly connected to the PCI-E 16x port and have a connection on HDMI.
As it is my main PC, it is how I have it.
Can't someone just mod a driver for rtx3060? This card do 50mh with ease I just hope something comes up one day for this GPU it sucks to buy at 1100$ and get 25MH per this GPU when 600$ card can do 31mh ( gtx1660 super )
Nicehash ... people really are that dumb
I accept suggestions... What do you suggest?
Nicehash ... people really are that dumb
I don't understand the hate on Nicehash...
Nicehash ... people really are that dumb
Impressive how detailed is your report, well done. Was a good read.
But how you managed 47MHs as my 2 RTX 3060 crash after couple of hours if I go above +800 on memory
But how you managed 47MHs as my 2 RTX 3060 crash after couple of hours if I go above +800 on memory
Thanks.
My GPU is connected directly to the motherboard on the PCI-E x16 and is where I have my monitor connected.
I haven't had any difficulties so far, and it has always been on since I installed it.
What is your power supply?
Impressive how detailed is your report, well done. Was a good read.
But how you managed 47MHs as my 2 RTX 3060 crash after couple of hours if I go above +800 on memory
But how you managed 47MHs as my 2 RTX 3060 crash after couple of hours if I go above +800 on memory
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
May 30, 2021
THE MONTH OF MAY
After 4 weeks of mining in May, I can say it was an excellent month, managing to earn a total of 0.00346677BTC. Achieving a daily average of 0.000111831BTC, higher than the month of April (0.000081455BTC) which had fewer days of mining. These values were possible to achieve because there were two weeks where the hash value was high, thus allowing for better performance.
It was also in May that I received the first electricity bill since I started mining (even though I wasn't counting this towards the goal), and because of the devaluation of Bitcoin, the expense amounted to a week of mining.
In relation to this last week, the hash value returned to the most common levels, but I managed to have a daily average of 0.00009864 BTC/24h (last week I had 0.00013072 BTC/24h). Even so, still above initial estimates.
Here is the graph of the week:
Globally, I can say that I've already reached 29% of the goal, with a daily average of 0.00009384BTC. Keeping this pace, within 5 months I will recover the Bitcoin invested in the purchase of the GPU.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
June 06, 2021
BACK TO NORMAL
The month of May was fantastic, with daily hash values above the average, which allowed for a good progress towards the goal. The first week of June, as was predictable, brought daily values within what was expected, since the beginning of this adventure.
Even so, the daily average was 0.00009016 BTC. As you can see in the graph:
Overall I can say that it has already achieved 30% of the goal, and is expected to be able to gather all the Bitcoin spent on the purchase of the GPU, within 5 months. We'll see how it goes this month.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
A NEW PROJECT
Although this week was more calm about mining, it was a week where I was involved in another blockchain project. I have already talked here about the Helium Network, which I have been following. In Portugal, a large growth is forecast in the coming months, with more and more hotspots installed and the forecast that in the coming months more hotspots will be working. I believe this is the prediction in almost the entire world.
The Portuguese community is growing, and trying to organize itself in the best way so that hotspots are located in order to maximize gains for everyone. Since many have not yet received the hotspots, there is still a big unknown as to where the hotspots will be installed, which can make it difficult to organize them. In this sense, I started in the last few weeks to develop a platform that will allow the Portuguese community to organize itself better based on the hotspots that are planned to be installed. It will be available soon.
TO BE CONTINUED
June 13, 2021 - MAINTENANCE WEEK
June 20, 2021 - NORMALITY WEEK AND EXCEL CORRECTIONS
May 30, 2021
THE MONTH OF MAY
After 4 weeks of mining in May, I can say it was an excellent month, managing to earn a total of 0.00346677BTC. Achieving a daily average of 0.000111831BTC, higher than the month of April (0.000081455BTC) which had fewer days of mining. These values were possible to achieve because there were two weeks where the hash value was high, thus allowing for better performance.
It was also in May that I received the first electricity bill since I started mining (even though I wasn't counting this towards the goal), and because of the devaluation of Bitcoin, the expense amounted to a week of mining.
In relation to this last week, the hash value returned to the most common levels, but I managed to have a daily average of 0.00009864 BTC/24h (last week I had 0.00013072 BTC/24h). Even so, still above initial estimates.
Here is the graph of the week:
Globally, I can say that I've already reached 29% of the goal, with a daily average of 0.00009384BTC. Keeping this pace, within 5 months I will recover the Bitcoin invested in the purchase of the GPU.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
June 06, 2021
BACK TO NORMAL
The month of May was fantastic, with daily hash values above the average, which allowed for a good progress towards the goal. The first week of June, as was predictable, brought daily values within what was expected, since the beginning of this adventure.
Even so, the daily average was 0.00009016 BTC. As you can see in the graph:
Overall I can say that it has already achieved 30% of the goal, and is expected to be able to gather all the Bitcoin spent on the purchase of the GPU, within 5 months. We'll see how it goes this month.
You can also consult the file with all the numbers (which already contains the most recent numbers) here.
A NEW PROJECT
Although this week was more calm about mining, it was a week where I was involved in another blockchain project. I have already talked here about the Helium Network, which I have been following. In Portugal, a large growth is forecast in the coming months, with more and more hotspots installed and the forecast that in the coming months more hotspots will be working. I believe this is the prediction in almost the entire world.
The Portuguese community is growing, and trying to organize itself in the best way so that hotspots are located in order to maximize gains for everyone. Since many have not yet received the hotspots, there is still a big unknown as to where the hotspots will be installed, which can make it difficult to organize them. In this sense, I started in the last few weeks to develop a platform that will allow the Portuguese community to organize itself better based on the hotspots that are planned to be installed. It will be available soon.
TO BE CONTINUED
June 13, 2021 - MAINTENANCE WEEK
June 20, 2021 - NORMALITY WEEK AND EXCEL CORRECTIONS
Post edited! Due to the reorganization of the topic this post has been edited. The original content of this post was just an announcement for new content.
May 16, 2021
HASH IN HIGH vs BITCOIN IN FALL
The second week in May was fantastic. As I have already pointed out, if the hash value remains at these values, I can recover the Bitcoins spent on purchasing the GPU in almost half the time.
If last week had already been good, with a daily average of 0.00009402 BTC/24h, this week the result was incredible, obtaining an average of 0.00017042 BTC/24h. This is thanks to the hash enhancement, since I still have the same card and the same configuration. And I didn't have a better average, because one day, I had a whole day in a meeting via Zoom.
Here is the graph:
On the contrary, the value of Bitcoin has been steadily devaluing. But that does not concern me, if it means the hash appreciation.
My idea is simple: I bought the GPU for 0.01804625BTC and that is the amount I intend to recover.
THE FILE
Throughout this report, I have emphasized that I will always present the real numbers of the performance of my mining. Estimates only help to get an idea of what can happen, but it is the actual numbers that show what really happens. Therefore, I believe that with this sharing of information, I can help and be helped, in a more clear and concrete way.
In that sense, I created a file with detailed numbers, to make it easier for everyone to understand how this adventure is going.
You can consult here.
In an initial analysis, I can say that because of the hash appreciation, in the first two weeks of May I already won more than in the three weeks of April. And that at this moment it has already reached 20% of the goal, and there are only 165 days (about 6 months) to reach it.
May 23, 2021
ANOTHER GOOD WEEK
Since last week the hash value has been on the rise, and this week was no exception. The high value was kept, allowing for a good performance. Even so, the daily average BTC was a little lower than last week, where I had 0.00017042 BTC/24h, against 0.00013072 BTC/24h this week. These values are very good, as they are well above initial estimates (about 0.000075 BTC/24h). All in all, I already have 25% of the goal achieved.
Here is this week's chart:
You can also consult the file with all the numbers here.
ELECTRICITY INVOICE
This entire mining process requires above-average energy consumption. I still hadn't revealed the numbers for this consumption. Therefore, and based on the commitment made from the beginning, to reveal all the numbers, more details on this subject follow.
As I said at the beginning, before entering this adventure I normally had my computer turned on 24/7. Since I have never done a specific monitoring of this consumption, it is more complicated to know the difference between what I used to consume and what I consume now. Then I still have to rely on two VAT rates, where kWh is due on the invoice. There are also situations of returns, regarding consumption billed in excess. Not to mention the variations in consumption in the house (hotplate, electric oven, TV, air conditioning, etc.). Anyway, a set of things, which had to be taken into account, to be able to have more accurate figures about the amount I have to pay in relation to mining.
In this sense, to make it easier, I analyzed the average consumption in the last few months before mining and concluded that on average I pay 40~45€ of electricity per month. This way, I will only count as mining expenses, everything that I have to pay above this 45€ (except for any extra consumption that I know I had at home). So, with this formula, in the first month of mining I spent 13.07€ on electricity.
Now the question arises how do I put this value in BTC. Since the value of Bitcoin is always changing, I will exchange it on the day I pay the invoice, recording what I had to pay in BTC that day. In the file, you can already find the information regarding electricity.
As a final note, the file shows electricity expenses, I will not consider it as an expense for the objective. Because, if I bought the GPU without using Bitcoin or mining, the amount paid was much higher than what I'll pay for electricity. Therefore, information is presented but not considered to achieve the objective.
TO BE CONTINUED
May 30, 2021 - THE MONTH OF MAY
June 06, 2021 - BACK TO NORMAL > A NEW PROJECT
May 16, 2021
HASH IN HIGH vs BITCOIN IN FALL
The second week in May was fantastic. As I have already pointed out, if the hash value remains at these values, I can recover the Bitcoins spent on purchasing the GPU in almost half the time.
If last week had already been good, with a daily average of 0.00009402 BTC/24h, this week the result was incredible, obtaining an average of 0.00017042 BTC/24h. This is thanks to the hash enhancement, since I still have the same card and the same configuration. And I didn't have a better average, because one day, I had a whole day in a meeting via Zoom.
Here is the graph:
On the contrary, the value of Bitcoin has been steadily devaluing. But that does not concern me, if it means the hash appreciation.
My idea is simple: I bought the GPU for 0.01804625BTC and that is the amount I intend to recover.
THE FILE
Throughout this report, I have emphasized that I will always present the real numbers of the performance of my mining. Estimates only help to get an idea of what can happen, but it is the actual numbers that show what really happens. Therefore, I believe that with this sharing of information, I can help and be helped, in a more clear and concrete way.
In that sense, I created a file with detailed numbers, to make it easier for everyone to understand how this adventure is going.
You can consult here.
In an initial analysis, I can say that because of the hash appreciation, in the first two weeks of May I already won more than in the three weeks of April. And that at this moment it has already reached 20% of the goal, and there are only 165 days (about 6 months) to reach it.
May 23, 2021
ANOTHER GOOD WEEK
Since last week the hash value has been on the rise, and this week was no exception. The high value was kept, allowing for a good performance. Even so, the daily average BTC was a little lower than last week, where I had 0.00017042 BTC/24h, against 0.00013072 BTC/24h this week. These values are very good, as they are well above initial estimates (about 0.000075 BTC/24h). All in all, I already have 25% of the goal achieved.
Here is this week's chart:
You can also consult the file with all the numbers here.
ELECTRICITY INVOICE
This entire mining process requires above-average energy consumption. I still hadn't revealed the numbers for this consumption. Therefore, and based on the commitment made from the beginning, to reveal all the numbers, more details on this subject follow.
As I said at the beginning, before entering this adventure I normally had my computer turned on 24/7. Since I have never done a specific monitoring of this consumption, it is more complicated to know the difference between what I used to consume and what I consume now. Then I still have to rely on two VAT rates, where kWh is due on the invoice. There are also situations of returns, regarding consumption billed in excess. Not to mention the variations in consumption in the house (hotplate, electric oven, TV, air conditioning, etc.). Anyway, a set of things, which had to be taken into account, to be able to have more accurate figures about the amount I have to pay in relation to mining.
In this sense, to make it easier, I analyzed the average consumption in the last few months before mining and concluded that on average I pay 40~45€ of electricity per month. This way, I will only count as mining expenses, everything that I have to pay above this 45€ (except for any extra consumption that I know I had at home). So, with this formula, in the first month of mining I spent 13.07€ on electricity.
Now the question arises how do I put this value in BTC. Since the value of Bitcoin is always changing, I will exchange it on the day I pay the invoice, recording what I had to pay in BTC that day. In the file, you can already find the information regarding electricity.
As a final note, the file shows electricity expenses, I will not consider it as an expense for the objective. Because, if I bought the GPU without using Bitcoin or mining, the amount paid was much higher than what I'll pay for electricity. Therefore, information is presented but not considered to achieve the objective.
TO BE CONTINUED
May 30, 2021 - THE MONTH OF MAY
June 06, 2021 - BACK TO NORMAL > A NEW PROJECT
Post edited! Due to the reorganization of the topic this post has been edited.
May 01, 2021
FIRST 22 DAYS
This adventure started on April 9, 2021, with the first objective of recovering the investment made in the GPU. Arriving on the 30th of April, I already have the first impressions of how this path is beginning to be traveled.
So let's go to this week's chart:
In this last week of April, the average speed accepted was slightly higher than the previous week, with 48.28MH/s. However, the average profitability was about 20% lower, just 0.00007916 BTC/24h, compared to the previous average of 0.00009840 BTC/24h. I estimate that this was the result of the devaluation of Bitcoin earlier in the week, which may have caused a devaluation of the hash value.
So, at the end of the first 22 days, I managed to add about 9.5% of the amount invested in the GPU. If this pace is maintained, I hope that within 7 to 8 months, the investment is recovered. Soon, I will present more details on these numbers.
HOW IS CHIA
Over the course of this week, I set up 5 plots. The creation of plots is a slow process, which requires a lot of RAM and disk with 100% operation. As I am using the computer I use daily, I had to schedule the creation of plots for a period when I used the PC less, or did not need as many resources. Even so, allocating about 4GB RAM and plotting directly on an HDD, it took about 20 hours to create the plot. I had to adjust my way of working, but luckily I managed to manage the situation, without major stress.
During this period, I realized that the Chia network is growing very fast. When I created the first plot, the estimate for mining a block was 4 years. With the second, it went on for 2 years, and it was only on the 5th plot that the forecast went on for 1 year. In this perspective, apparently with 5 or 6 more plots, the estimate would be only 6 months, but no. When I wrote this post, with the 5 plots, the estimate was again at 2 years old. In other words, the network is growing at a pace where it would require having to allocate more than 12TB in plots, in order to start having a reasonable probability of finding a block. This is not feasible for now. I'm just going to keep the program open, without creating plots, because you never know if I'm lucky enough to mine a block anyway.
Either way, you can see how things work, and there may soon be news regarding mining pools. At that time, it will be easier to get into the scheme and better manage the situation. Now it is time to listen, and understand how the market will react when the currency is launched in the trade markets.
May 09, 2021
FIRST WEEK OF MAY 2021
After the month of April, having gone well, the beginning of May is being interesting. The value of the hash has been increasing daily, with values above expectations. It would be great to stay that way, but this is truly a roller coaster ride.
In the first days of May, the accepted average speed remained stable at 47.92 MH/s. The daily average earnings was quite good, 0.00009402 BTC/24h, it was not the best I have had so far, but it was the second best.
The graph:
With this result, I have 13% of the goal reached, and if this pace is maintained, within 197 days I reach 100%. I have been preparing an Excel file, with more details on these numbers, which I will soon share.
BEYOND THE OBJECTIVE
The main objective of recovering the GPU investment, will end in a few months, but we have to open the horizons and, prepare / analyze / search, other things related to the crypto world, so as not to miss the boat.
I had already spoken here, about the Chia project, that at the moment I am less active while waiting for the pools with the official protocol to appear. As a curiosity, at the moment with the 5 plots I have, in 4 years I will mine a block. The network is growing very fast.
In the meantime I have been analyzing the Helium network in detail, to check whether or not I make the investment. Currently all hotspots are exhausted and delivery is scheduled for the end of the year. As a reduction in the reward value is expected around that time, the investment has to be very well calculated. In my area, there are not yet many hotspots and probably if I do, I will only be able to connect to two or three other hotspots. So it has to be well studied. But, in the analysis that I have done, it seems to me to be a project with good growth potential and it will certainly appreciate. The community in Portugal seems to be growing and that there is already a good number of hotspots ordered, which will soon start to arrive and increase the network. I'll go with you.
TO BE CONTINUED
May 16, 2021 - HASH IN HIGH vs BITCOIN IN FALL > THE FILE
May 23, 2021 - ANOTHER GOOD WEEK > ELECTRICITY INVOICE
May 01, 2021
FIRST 22 DAYS
This adventure started on April 9, 2021, with the first objective of recovering the investment made in the GPU. Arriving on the 30th of April, I already have the first impressions of how this path is beginning to be traveled.
So let's go to this week's chart:
In this last week of April, the average speed accepted was slightly higher than the previous week, with 48.28MH/s. However, the average profitability was about 20% lower, just 0.00007916 BTC/24h, compared to the previous average of 0.00009840 BTC/24h. I estimate that this was the result of the devaluation of Bitcoin earlier in the week, which may have caused a devaluation of the hash value.
So, at the end of the first 22 days, I managed to add about 9.5% of the amount invested in the GPU. If this pace is maintained, I hope that within 7 to 8 months, the investment is recovered. Soon, I will present more details on these numbers.
HOW IS CHIA
Over the course of this week, I set up 5 plots. The creation of plots is a slow process, which requires a lot of RAM and disk with 100% operation. As I am using the computer I use daily, I had to schedule the creation of plots for a period when I used the PC less, or did not need as many resources. Even so, allocating about 4GB RAM and plotting directly on an HDD, it took about 20 hours to create the plot. I had to adjust my way of working, but luckily I managed to manage the situation, without major stress.
During this period, I realized that the Chia network is growing very fast. When I created the first plot, the estimate for mining a block was 4 years. With the second, it went on for 2 years, and it was only on the 5th plot that the forecast went on for 1 year. In this perspective, apparently with 5 or 6 more plots, the estimate would be only 6 months, but no. When I wrote this post, with the 5 plots, the estimate was again at 2 years old. In other words, the network is growing at a pace where it would require having to allocate more than 12TB in plots, in order to start having a reasonable probability of finding a block. This is not feasible for now. I'm just going to keep the program open, without creating plots, because you never know if I'm lucky enough to mine a block anyway.
Either way, you can see how things work, and there may soon be news regarding mining pools. At that time, it will be easier to get into the scheme and better manage the situation. Now it is time to listen, and understand how the market will react when the currency is launched in the trade markets.
May 09, 2021
FIRST WEEK OF MAY 2021
After the month of April, having gone well, the beginning of May is being interesting. The value of the hash has been increasing daily, with values above expectations. It would be great to stay that way, but this is truly a roller coaster ride.
In the first days of May, the accepted average speed remained stable at 47.92 MH/s. The daily average earnings was quite good, 0.00009402 BTC/24h, it was not the best I have had so far, but it was the second best.
The graph:
With this result, I have 13% of the goal reached, and if this pace is maintained, within 197 days I reach 100%. I have been preparing an Excel file, with more details on these numbers, which I will soon share.
BEYOND THE OBJECTIVE
The main objective of recovering the GPU investment, will end in a few months, but we have to open the horizons and, prepare / analyze / search, other things related to the crypto world, so as not to miss the boat.
I had already spoken here, about the Chia project, that at the moment I am less active while waiting for the pools with the official protocol to appear. As a curiosity, at the moment with the 5 plots I have, in 4 years I will mine a block. The network is growing very fast.
In the meantime I have been analyzing the Helium network in detail, to check whether or not I make the investment. Currently all hotspots are exhausted and delivery is scheduled for the end of the year. As a reduction in the reward value is expected around that time, the investment has to be very well calculated. In my area, there are not yet many hotspots and probably if I do, I will only be able to connect to two or three other hotspots. So it has to be well studied. But, in the analysis that I have done, it seems to me to be a project with good growth potential and it will certainly appreciate. The community in Portugal seems to be growing and that there is already a good number of hotspots ordered, which will soon start to arrive and increase the network. I'll go with you.
TO BE CONTINUED
May 16, 2021 - HASH IN HIGH vs BITCOIN IN FALL > THE FILE
May 23, 2021 - ANOTHER GOOD WEEK > ELECTRICITY INVOICE
Post edited! Due to the reorganization of the topic this post has been edited.
April 16, 2021
FIRST WEEK
In the first week, I monitored everything, to see if I was on the right path towards the goal. Since I have been using it I mentioned Nicehash's overclock media configuration, and I had to see if it was a good configuration or not.
As it is my personal PC, which I use for work and laser, it is normal for the hash to vary. In this average configuration, over the course of this week, the hash varies between 45~47mh / s, with consumption ~107w. Making an average of 46.61MH/s, with a rejection rate of 0.34%, earning an average of 0.00006880 BTC/24h, equal to 3.63€/24h (value the date of the original post).
The graph:
Graph analysis notes:
- On the night of the 9th, I was mining with the high setting, but during the day I was without any setting. At noon the performance dropped, because I had more use of the PC.
- From the 10th, I was always with the average configuration.
- At the end of the 14th, I had a crash because I had to update the PC, being stopped for about 5/10 minutes.
- At the end of the 15th, I had more activity on the PC, and I also felt a slight drop.
In short, in the first week, I think it was positive, with profitability within the expected values.
April 24, 2021
SECOND WEEK - NEW APPROACH
After the first week within expectations, in the second week a comment on the forum, made me think better about the strategy to be used. In the first week, I used NiceHash's "media" setting, which seemed to have a good hash / consumption ratio, but it might not be worth it. Analyze what he did was:
Based on this analysis, I decided to try and see the results, using the "high" setting, provided by NiceHash. This change was possible, it increased my daily earnings by almost 50%, compared to the previous week.
In the first week I made an average of 0.00006880 BTC/24h, and this week 0.00009840 BTC/24h. Great result.
But was it just because of the configuration changes?
BERLIN UPDATE & BITCOIN VALUE
In the second week of this adventure, the Berlin update, on the Ethereum network, followed shortly. By coincidence or not, even with the "media" configuration, I felt a slight increase in average daily earnings after this update. Days later, there was a devaluation of Bitcoin, over the course of this second week. This combination of factors, updating Berlin, devaluation of Bitcoin and adjustment in the configuration, achieved greater profitability over the second week.
Unfortunately, with the devaluation of Bitcoin, the first objective of this adventure (recovering the investment in the GPU) will take longer. However, as profitability has increased, there have been no changes in the initial estimates. Especially because, possible devaluations, should be considered when making these investments.
In addition, it makes me change the way I look at numbers. Instead of looking at the value earned in €, I now look at the value earned in BTC. Thus, the goal is to mine the same amount of Bitcoins spent on the purchase of the GPU. That is to say, that in two weeks I managed to mine 7% of that amount.
EXTRA FOR ADVENTURE
And since I'm here reporting my adventure in mining, with GPU, why not add "another type" mining?
This week, I discovered the Chia Network, a currency that uses "space proofs" to validate transactions. In other words, the farm (the term used for mining this currency) is the use of disk space, which is allocated to the Chia network. After analyzing the project and about its farm system I thought: why not allocate, at least 1TB that I have free, to try my "luck"? I will then test.
I will explain, according to what I understand, how it works:
To farm, you need to create plots, which are reserves of space used for the validation of blockchain blocks. The size of each plot can vary according to the options defined by the user to make the most of the disk space. The standard size of each plot is +/- 110GB. Thus, the more plots we have, the greater the probability of winning XCH, since at this moment mining is only solo, where each block yields 2XCH. At this moment there is a 50% probability, for those who have 2TB on the network, to be able to earn 2XCH/month.
To create a plot you need temporarily 300GB of space (plots K-32 = 110GB), RAM memory (+/- 4GB) and good processing capacity, and it takes between 6 to 20 hours to create it. It is recommended to use an SSD disk to create the plot and then the 110GB plot is saved on the HDD disk. For all this, the Chia wallet is used. The operation of the portfolio is quite simple, as well as the creation of the plot.
That said, I installed the wallet, and it took almost 8 hours to synchronize with the network (consuming almost 100% CPU processing), and the date of this post was creating my first plot. Not having much more details to present yet.
I can say that to "assemble" this whole structure, you have to have a lot of patience! It takes hours. So, even if you don't win anything on the ground, maybe you can try to win something when the pools come up.
Final note, about this project, it is still facing launch, and you can find out more details here:
https://www.chia.net/
https://github.com/Chia-Network/chia-blockchain/wiki
https://chiadecentral.com/
TO BE CONTINUED
May 01, 2021 - FIRST 22 DAYS > HOW IS CHIA
May 09, 2021 - FIRST WEEK OF MAY 2021 > BEYOND THE OBJECTIVE
April 16, 2021
FIRST WEEK
In the first week, I monitored everything, to see if I was on the right path towards the goal. Since I have been using it I mentioned Nicehash's overclock media configuration, and I had to see if it was a good configuration or not.
As it is my personal PC, which I use for work and laser, it is normal for the hash to vary. In this average configuration, over the course of this week, the hash varies between 45~47mh / s, with consumption ~107w. Making an average of 46.61MH/s, with a rejection rate of 0.34%, earning an average of 0.00006880 BTC/24h, equal to 3.63€/24h (value the date of the original post).
The graph:
Graph analysis notes:
- On the night of the 9th, I was mining with the high setting, but during the day I was without any setting. At noon the performance dropped, because I had more use of the PC.
- From the 10th, I was always with the average configuration.
- At the end of the 14th, I had a crash because I had to update the PC, being stopped for about 5/10 minutes.
- At the end of the 15th, I had more activity on the PC, and I also felt a slight drop.
In short, in the first week, I think it was positive, with profitability within the expected values.
April 24, 2021
SECOND WEEK - NEW APPROACH
After the first week within expectations, in the second week a comment on the forum, made me think better about the strategy to be used. In the first week, I used NiceHash's "media" setting, which seemed to have a good hash / consumption ratio, but it might not be worth it. Analyze what he did was:
Depending on your energy cost, it is more advantageous to have 49MH / S at 119W than to have 47MH / s at 109W, try to calculate right to optimize your gains, because in case you are losing almost 5% of hashrate and saving almost 10% of energy, however if this energy expenditure is said to be equivalent to R $ 10 at the end of the month and your loss of hashrate is equal to R $ 50 per month, you are losing money.
Based on this analysis, I decided to try and see the results, using the "high" setting, provided by NiceHash. This change was possible, it increased my daily earnings by almost 50%, compared to the previous week.
In the first week I made an average of 0.00006880 BTC/24h, and this week 0.00009840 BTC/24h. Great result.
But was it just because of the configuration changes?
BERLIN UPDATE & BITCOIN VALUE
In the second week of this adventure, the Berlin update, on the Ethereum network, followed shortly. By coincidence or not, even with the "media" configuration, I felt a slight increase in average daily earnings after this update. Days later, there was a devaluation of Bitcoin, over the course of this second week. This combination of factors, updating Berlin, devaluation of Bitcoin and adjustment in the configuration, achieved greater profitability over the second week.
Unfortunately, with the devaluation of Bitcoin, the first objective of this adventure (recovering the investment in the GPU) will take longer. However, as profitability has increased, there have been no changes in the initial estimates. Especially because, possible devaluations, should be considered when making these investments.
In addition, it makes me change the way I look at numbers. Instead of looking at the value earned in €, I now look at the value earned in BTC. Thus, the goal is to mine the same amount of Bitcoins spent on the purchase of the GPU. That is to say, that in two weeks I managed to mine 7% of that amount.
EXTRA FOR ADVENTURE
And since I'm here reporting my adventure in mining, with GPU, why not add "another type" mining?
This week, I discovered the Chia Network, a currency that uses "space proofs" to validate transactions. In other words, the farm (the term used for mining this currency) is the use of disk space, which is allocated to the Chia network. After analyzing the project and about its farm system I thought: why not allocate, at least 1TB that I have free, to try my "luck"? I will then test.
I will explain, according to what I understand, how it works:
To farm, you need to create plots, which are reserves of space used for the validation of blockchain blocks. The size of each plot can vary according to the options defined by the user to make the most of the disk space. The standard size of each plot is +/- 110GB. Thus, the more plots we have, the greater the probability of winning XCH, since at this moment mining is only solo, where each block yields 2XCH. At this moment there is a 50% probability, for those who have 2TB on the network, to be able to earn 2XCH/month.
To create a plot you need temporarily 300GB of space (plots K-32 = 110GB), RAM memory (+/- 4GB) and good processing capacity, and it takes between 6 to 20 hours to create it. It is recommended to use an SSD disk to create the plot and then the 110GB plot is saved on the HDD disk. For all this, the Chia wallet is used. The operation of the portfolio is quite simple, as well as the creation of the plot.
That said, I installed the wallet, and it took almost 8 hours to synchronize with the network (consuming almost 100% CPU processing), and the date of this post was creating my first plot. Not having much more details to present yet.
I can say that to "assemble" this whole structure, you have to have a lot of patience! It takes hours. So, even if you don't win anything on the ground, maybe you can try to win something when the pools come up.
Final note, about this project, it is still facing launch, and you can find out more details here:
https://www.chia.net/
https://github.com/Chia-Network/chia-blockchain/wiki
https://chiadecentral.com/
TO BE CONTINUED
May 01, 2021 - FIRST 22 DAYS > HOW IS CHIA
May 09, 2021 - FIRST WEEK OF MAY 2021 > BEYOND THE OBJECTIVE
An adventure in mining
This topic recreates the information from the original topic, here...
Aiming to share my mining experience with other users.
This topic will be updated gradually, after the original topic.
I apologize for my English, as I am not fluent.
This topic recreates the information from the original topic, here...
Aiming to share my mining experience with other users.
This topic will be updated gradually, after the original topic.
I apologize for my English, as I am not fluent.
TIMELINE
Chronology of events, based on the original topic.
- April 10, 2021 (1st Part) - Explanation of the purpose and how it all started.
- April 10, 2021 (2nd Part) - Explanation of what I did to start mining.
- April 16, 2021 - Report what happened in the first week.
- April 24, 2021 - Report of what happened during the second week of mining.
- May 01, 2021: FIRST 22 DAYS > HOW IS CHIA - Report of what happened in the first 22 days of mining.
- May 09, 2021: FIRST WEEK OF MAY 2021 > BEYOND THE OBJECTIVE - Report of the first days of the month of May.
- May 16, 2021: HASH IN HIGH vs BITCOIN IN FALL > THE FILE - Report of the week of May in which the value of the hash was high.
- May 23, 2021: ANOTHER GOOD WEEK > ELECTRICITY INVOICE - Report for another week and information on electricity consumed.
- May 30, 2021: THE MONTH OF MAY - Report on the month of May 2021.
- June 06, 2021: BACK TO NORMAL > A NEW PROJECT - Report on the first week of June and a new project.
- June 13, 2021: MAINTENANCE WEEK - Report of a small maintenance done to the PC.
- June 20, 2021: NORMALITY WEEK AND EXCEL CORRECTIONS - Report on how it was another week and about an excel correction.
- June 27, 2021: SUMMER HAS ARRIVED > THETA NETWORK - Report on the week the summer started and information about the THETA project.
- July 04, 2021: THREE MONTHS LATER > NOTES ON EXTRAS - Report on the last 3 months of the adventure.
- July 11, 2021: MIDDLE OF ADVENTURE > POOL IN CHIA - Report of reaching the middle of the adventure and how I started to mine in Chia Pools.
- July 18, 2021: HASHRATE ANALYSIS - Analyze the hash performed.
- July 25, 2021: THETA & MINING - Report on Theta Network and the week's performance in mining.
- August 01, 2021: MONTH OF JULY - The summary of what happened in July 2021.
- August 08, 2021: LONDON FORK ARRIVED - Report of what happened during the week of the London Fork.
- August 15, 2021: PROFITABILITY DOWN AGAIN - A week after the London Fork, profitability is low.
- August 22, 2021: HARDWARE - A description of the computer hardware where I mine.
- August 29, 2021: ONLY 30% TO GOAL - I reached 70% of the goal, only 30% to go.
- September 05, 2021: ALL STABLE - A summary of the month of August.
- September 12, 2021: GENERAL SITUATION POINT - A point of situation since I started this adventure.
- October 03, 2021: ANOTHER MONTH TO MINAR - Report of what happened during the month of September.
- October 10, 2021: PROFITABILITY TO DECREASE - Profitability starts to decrease, phase the previous weeks.
- October 17, 2021: WORST WEEK - The numbers about the worst week of this adventure, to date.
- October 31, 2021: TWO WEEKS, DIFFERENT PROFITS - The two-week report, which had very different performances.
- November 07, 2021: LITTLE LESS - The accounts that show how close the goal was.
- November 14, 2021: FINAL LINE - Report from the penultimate week to the goal.
- November 21, 2021: GOAL ACHIEVED > AND NEXT? - Goal achieved! Overall performance report, and a reflection of what comes next.
- November 28, 2021: SEE NEW PLANS? - Some ideas for other mining plans.
- December 06, 2021: CONTINUE ON NICEHASH? - Analyze the continuity in using NiceHash in mining.
- December 12, 2021: START USING 2MINERS - I started mining through the 2miners pool.
- December 19, 2021: FIRST WEEK AT 2MINERS - Report of the first week of mining in the 2miners pool.
- December 26, 2021: NO BIG DIFFERENCES - First analysis of a full week, where everything went within normality, mining on 2miners.
- January 02, 2022: ONE MORE GPU - Buying one more GPU to mine.
- January 09, 2022: NICEHASH OR 2MINER - Start of a comparison between the two mining platforms.
- January 16, 2022: SECOND WEEK OF COMPARISON - Report on the second week of comparing the two mining rigs.
- January 23, 2022: WEAK WEEK - One week report, with a lower performance than the previous ones.
- January 30, 2022: FALLING BITCOIN - Report on how the decline in the value of Bitcoin ended up influencing mining.
- February 06, 2022: NICEHASH OR 2MINERS - THE RESULT - Summary of the comparison made between the use of the two platforms, during a month.
- February 13, 2022: ADVENTURE EXTRAS - A summary of the current situation, regarding the extras of this adventure.
- February 20, 2022: FORECASTS - Predictions about what might happen to achieve the goal.
- February 27, 2022: EXTRA INTERESTING - Report on a new extra, STEPN.
- March 06, 2022: EVERYTHING IN NORMALITY - A little summary of how things have been going, including the extras of this adventure.
- March 20, 2022: ELECTRICAL PROBLEMS BUT NOTHING SERIOUS - Report of an episode that occurred with my electrical system.
- March 27, 2022: WHAT IF I BUY ANOTHER GPU? - A breakdown of the current price (as of publication date) of GPUs.
- April 03, 2022: ENERGY COST, DOES IT STILL PAY? - Information about the energy cost in this adventure.
- April 10, 2022: A YEAR IN THIS ADVENTURE - A little summary of how was a year in this adventure.
- April 17, 2022: THERE IS STILL TIME - An analysis of how I still have time to reach the goals.
- April 24, 2022: THE RHYTHM IS KEPT - Information on how mining keeps up at a steady pace.
- May 01, 2022: RENDER 20% LESS - Comparison between current profitability and the one it had a year ago.
- May 08, 2022: BITCOIN PRICE VS GPU PRICE - Analyze between the current price of graphics cards and the devaluation of Bitcoin.
- May 15, 2022: LHR 100% UNLOCKED - Week in which the full LHE unlock was achieved.
- May 22, 2022: NINE HOURS WITHOUT MINING - Report on the momentary general power failure, which caused a pause in mining.
- May 29, 2022: ONLY ONE MONTH LEFT - The latest predictions to reach the goal, and information about some extras.
- June 19, 2022: SECOND GOAL ACHIEVED - Second objective of this adventure achieved.
- June 26, 2022: ADVENTURE ALSO HAS EXTRAS - Summary of how the extras of this adventure are going.
- July 03, 2022: FOR NOW, IT'S CONTINUE - Despite the goals achieved, it will be to continue mining.
- July 10, 2022: CONTINUE BUT CALM - New strategy to continue mining.
- July 17, 2022: THE GRAPHIC CARDS - How is the behavior of the graphics cards.
- newJuly 24, 2022: "THE MERGE" ANNOUNCED, MORE PROFITABILITY - An analysis of the possible reasons for the increase in profitability.
- newJuly 17, 2022: MONTH JULY 2022 - A comparison between the month of July 2021 and 2022 in this adventure.
April 10, 2021 (1st Part)
OBJECTIVE
The purpose of this topic is to explain what my mining experience has been like since April 2021. I will try to be as frank as possible, without hiding the numbers, because that is the only way it is possible to understand what pays off or not, since throughout the process I had to rely on figures to suppose. I hope this topic will be of help to me, to collect opinions and ideas, and come to help others who also want to enter this adventure.
HOW EVERYTHING STARTED
The first experience I had in mining, remote in 2013, with an AMD Radeon HD 7770 graphics card, which I managed to receive some satoshis. It had a super low hash capacity, which generated a mere 0.05 BTC every 15/20 days, which at the time was considered very little ... if we knew what I know today, it had not stopped ...
But like most users, I said that because of ASICs, it was no longer worth it to undermine with GPU, I stopped after a few months. But the idea of mining was not put aside, and occasionally the ASIC equipment used and other forms of mining were observed, in the expectation of finding something useful, without a large investment. Until we get to 2021.
2021 - ADVENTURE BEGINS
Due to the appreciation of Bitcoin, the funds I had saved over the years, allowed me to try to invest in a GPU. And I heard again: "With the changes in ETH, it will no longer compensate for undermining with just a GPU ...". But I thought, where have I heard this?
Even so, after doing the math, I realized that the investment could be recovered in 6/8 months and, if it weren't for this goal, I might never buy such an expensive GPU, to work and play. So, I wanted to enter this adventure. But how?
CHOICE PROCESS
Due to the Bitcoin appreciation, finding a GPU for sale is a real adventure: all sold out or very high prices. A GPU with a PVP of 400 €, costs 2 or 3 times more. So how to do it?
The first thing I did was to establish a maximum amount to spend. How I was going to use some Bitcoin I had to buy the GPU, and I am not rich, neither with € nor BTC (I stopped mining in 2013 because it allegedly did not yield ... 0.05BTC/fortnight... it was misery...
), had to define a BTC plan, based on GPU prices. With this analysis, I defined 800~900 € of investment. Now was to find a GPU in stock for this plafon.I started to look in the computer stores for what was in stock, and to check the potential profit. Since my PC is always on, it was easy to analyze cost vs. performance, because I only had to add the cost of the GPU.
After using several sites, some very simple and others very confusing, the site Minerstat was the most practical and gathered the information I needed. Calculates the cost and possible profitability, in an easy way because it lists the largest number of good GPUs to mine.
Between what was in stock and profitability, I chose GPU Nvidia RTX 3060. By my accounts, based on the value of Bitcoin at the time, I recovered the money from the purchase in 6/7 months.
FIRST SCARE
After choosing the GPU, I started researching the mining process through the RTX 3060. I started to be apprehensive, for reading comments that the board is limited by the factory for ETH mining, where the greatest profitability would come from. This meant that the investment would last twice as long, that was not a good thing.
Fortunately, I read articles about a driver, who had "accidentally" escaped (these things, we all know, are always accidental) from NVIDIA that removed the lock. And after several reports here in the forum to be confirmed and other tips - direct connection to PCIe x16 and the screen - I was more happy.
THE PURCHASE
After this analysis, which took 2/3 days, I had to check the stock availability in the different stores again. In the morning I had stock... the night was gone.
It took three attempts to buy.
The first attempt, buy the ZOTAC GeForce® RTX 3060 Twin Edge OC 12GB GD6 - price of 870€. It was in stock at the end of the day, but the other day in the morning, it was already sold out. I was initially frustrated, but then I found articles with negative feedback on this model. Let's go to a new survey.
I found it in another store, the Asus GeForce RTX 3060 Dual OC 12GB GDDR6 card - price 849€, make the purchase. But, I got the idea that it wasn't going to work. I went back to searching and in another store I found the Gigabyte GeForce RTX 3060 EAGLE OC 12GB model - same price. I made the purchase, but I chose a payment option to pay within 2 days, the GPU being reserved during this time.
This was all on a Saturday, I had to wait until Monday to see if everything was going well. My suspicions were confirmed, the purchase of the Asus model was canceled and the money was returned to me. I advanced to the Gigabyte model, making the payment. But as he had 2 days of reservation, he might not be lucky. Fortunately, a few hours later, I had confirmation that the purchase was made. I already have a new GPU!
DELIVERED
After 2 days, the GPU is delivered at home!
And now? I can't do anything!
My goal was to replace my old Radeon HD 7770, with a new GPU, to work, play and mine. Despite having a good monitor, he is 8 years old and uses VGA input. The RTX 3060 only has DisplayPort and HDMI inputs. That is, I forgot to buy the HDMI-VGA adapter.
The next day, I went to buy a 15€ adapter, to connect the new GPU to the screen.
In short, I bought the Gigabyte GeForce RTX 3060 EAGLE OC 12GB for 849€, plus the adapter for 15€, with a total of 864€.
ASSEMBLY & FIRST IMPRESSIONS
With all the material, play with the mount. Open the PC case, take the opportunity to clean, remove the old GPU and mount the new one. But, it couldn't be that easy…
This GPU is larger, the hard drives were located that does not allow the installation of the GPU. I had to unmount the hard drives, put them in another location, and install the card. Something that took 5 minutes, took 30 minutes...
Turning on the PC, the first thing I do is install the driver, which I had previously downloaded (driver I am using):
https://onedrive.live.com/?authkey=%21AImZg23q45RZKlI&cid=DCF42BCB3A71AAE5&id=DCF42BCB3A71AAE5%21129862&parId=DCF42BCB3A71AAE5%21129818
I installed MSI Afterburner, which I had never used before. And I begin to explore the potential of the GPU, even before it undermines. As I usually say, it is to move that one learns, I abused in the tests.
I adjust a configuration, apply, and ... PC to. Reset to PC. Fortunately, everything is fine.We are ready to mine... but how?
April 10, 2021 (2nd Part)
START MINING
As in 2013, I already had mining and, over time, I have been attentive, I knew how I could start. But, recognizing that things change, I had to get a better look at how things are going. Between advice here on the forum and research, I have three possible options, to achieve my first objective (to recover the investment, according to Bitcoin values), which are: to use NiceHash, to use a multipool, or to directly mine ETH.
Directly mine ETH, it’s no longer useful (but I’ll one day try it out). As I want to recover the investment, due to the high rates of ETH, much of the mining was lost in rates and exchange rates. Something for later.
In relation to multipools, there are several options, but it always involves a longer learning curve to configure well. It may have a higher return, but it would also run a greater risk of delaying the goal.
So, I chose NiceHash. Quick to set up and get the GPU to generate revenue right away.
Mining now begins. It is to remain attentive and always look for the best options, for good profitability.
ZERO DAY (09/04/2021)
With everything working, I have to find the best configuration of the card, to be more profitable. I started using the NiceHash common program. But NiceHash has a specific program for NVidea cards, NiceHash Quickminer, which is lighter and more basic. I started using this program for.
Without making additional configurations or overclocking, the GPU allows for +/-40MH/s and a consumption of 130W.
But NiceHash, has a pre-configured overclocking function (which I think you can adjust), which at night I chose the high performance option, making the GPU run at 49MH/s and with practically the same consumption. But during the day, disable this option.
At the end of the first day, the yield was necessary to achieve the goal. But, on the second day I had interesting news.
2nd DAY - CONFIGURATION (10/04/2021)
NiceHash has its own function to manage overclocking. This function has 3 levels of options: light, medium, high.
The high design option, I already knew, I went to test the others. In the light the MH/s are the same as without overclocking with low power consumption (~ 100W). That didn't seem like a bad idea, but it would end up being less profitable.
I tested the medium option, and I liked it. I started to have 45MH/s and a consumption of 105W, this could bring greater profitability, good hash vs low consumption. I left this setup over the course of the day, and it was positive.
I had an active day on the PC, I did some image editing (nothing too busy), about 6 hours in meetings at Zoom. In the end I won more than the day before. It may have been a coincidence, but I think this setting is the best at the moment, between gain vs. consumption. We'll see how it goes over the next few days.
FIRST NUMBERS
As I said at the beginning, I will not hide the numbers. They help, to understand which is the best strategy, and only with real numbers can I help or be helped.
NiceHash makes payments every 4 hours, if you have at least 0.00001BTC pending, otherwise the payment is for the next round. I am on average doing 0.000011 BTC every 4 hours. Which means that I am receiving around 3.1€/day (the current rate - on the day of the original post), as planned.
In the case of configurations, I will show how the card behaves, in NiceHash's overclocking options:
| No configuration | Light | Medium | High |
| DaggerHashimoto:~42.73MH/s Temp. 62ºC Fan 86% Wattage 144W Efficiency 0.30 MH/J | Core clock: 1400 Memory clock: 700 DaggerHashimoto:~43.28MH/s Temp. 60ºC Fan 72% Wattage 100W Eficiência 0.43 MH/J | Core clock: 1500 Memory clock: 1000 DaggerHashimoto:~46.00MH/s Temp. 59ºC Fan 77% Wattage 107W Efficiency 0.42 MH/J | Core clock: 1560 Memory clock: 1200 DaggerHashimoto:~47.48MH/s Temp. 57ºC Fan 80% Wattage 112W Efficiency 0.42 MH/J |
The payments I received in the NiceHash wallet:
| Dia | Win (€ equivalent on the date of the original post) |
| 1 | 0.00006215 BTC - €3.12 |
| 2 | 0.00006752 BTC - €3.39 |
TO BE CONTINUED
April 16, 2021 - FIRST WEEK
April 24, 2021 - SECOND WEEK - NEW APPROACH > BERLIN UPDATE & BITCOIN VALUE > EXTRA FOR ADVENTURE
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Changelog:
- 16/04/2022 - Topic totally reorganized, splitting the diaries by several posts, allowing a better reading and more regular updates.
- 19/02/2022 - Added five more pages to the diary, including information about purchasing a new GPU.
- 04/01/2022 - Four more pages of the report, including the page when the goal was achieved.
- 25/12/2021 - Added four more pages to this report.
- 04/12/2021 - Added three more pages to this report.
- 23/11/2021 - Report on what happened the week of the London Fork and the week after
- 11/11/2021 - The summary of what happened in July 2021.
- 19/10/2021 - Added the reports for July 18 and July 25, 2021.
- 28/09/2021 - Report of reaching the middle of the adventure and how I started to mine in Chia Pools.
- 18/08/2021 - Report on the last 3 months of the adventure.
- 07/08/2021 - Report on the week the summer started and information about the THETA project.
- 17/07/2021 - Added two more reports to this diary.
- 04/07/2021 - Report on the first week of June 2021 and a new project.
- 24/06/2021 - Report on the month of May 2021.
- 10/06/2021 - Report for another week and information on electricity consumed.
- 30/05/2021 - Report of the week of May in which the value of the hash was high.
- 26/05/2021 - Report of the first days of the month of May.
- 20/05/2021 - Report of what happened in the first 22 days of mining.
- 14/05/2021 - Report of what happened during the second week of mining.
- 13/05/2021 - Report what happened in the first week.
- Update link for Nvidia driver. - 09/05/2021 - Reorganization of the topic.
- Second part of the account of the first days of this adventure. - 08/05/2021 - Creation of this topic, based on the original story.
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