Efficiency or NOT? | Bitcointalksearch.org

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: VRExpress on August 17, 2022, 06:41:41 AM

Quote from: FP91G on August 17, 2022, 05:34:07 AM

Quote from: GEMIN_M4 on August 14, 2022, 02:08:21 AM

Is burning 1200 watt to keep a 350MH rig running a fairly good practice or not efficient enough? The single RTX 3070 Ti in the rigs make the power consumption higher doing 81MH with Bminer, what do you think.

My rigs 5x1070 or 5x488 consume about 800 watts from the wall and give a hashrate of about 140 megahash. This is beneficial if you have cheap electricity. And rigs with 1080 video cards consume even more. For about 7 days, mining farms pay for electricity if they sell coins, and the rest of the time is a profit.

I have never heard about any graphic card with the name 488 or you meant to write 480 From AMD? Anyways, if you still have rig full of GTX 1070 then your electricity must be very cheap, I cant afford to run those cards even in a bear market unless I get the cards at a very cheap price. GTX 1070 in today's world of mining isn't good enough.

It's miner slang
488 - Rx480 8 GB
478 - Rx470 8 GB
484 - Rx480 4 GB
and so on
1063 and 1066 - Gtx 1060 3GB and Gtx 1060 6GB
I pay about $0.05 per kilowatt

VRExpress

member

Activity: 263

Merit: 15

Quote from: FP91G on August 17, 2022, 05:34:07 AM

Quote from: GEMIN_M4 on August 14, 2022, 02:08:21 AM

Is burning 1200 watt to keep a 350MH rig running a fairly good practice or not efficient enough? The single RTX 3070 Ti in the rigs make the power consumption higher doing 81MH with Bminer, what do you think.

My rigs 5x1070 or 5x488 consume about 800 watts from the wall and give a hashrate of about 140 megahash. This is beneficial if you have cheap electricity. And rigs with 1080 video cards consume even more. For about 7 days, mining farms pay for electricity if they sell coins, and the rest of the time is a profit.

I have never heard about any graphic card with the name 488 or you meant to write 480 From AMD? Anyways, if you still have rig full of GTX 1070 then your electricity must be very cheap, I cant afford to run those cards even in a bear market unless I get the cards at a very cheap price. GTX 1070 in today's world of mining isn't good enough.

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: GEMIN_M4 on August 14, 2022, 02:08:21 AM

Is burning 1200 watt to keep a 350MH rig running a fairly good practice or not efficient enough? The single RTX 3070 Ti in the rigs make the power consumption higher doing 81MH with Bminer, what do you think.

My rigs 5x1070 or 5x488 consume about 800 watts from the wall and give a hashrate of about 140 megahash. This is beneficial if you have cheap electricity. And rigs with 1080 video cards consume even more. For about 7 days, mining farms pay for electricity if they sell coins, and the rest of the time is a profit.

CryptoATM

member

Activity: 368

Merit: 15

Quote from: adaseb on August 15, 2022, 10:17:41 PM

Yes but what is scary is that many new miners don’t know what will happen. They don’t know that the daily supply of a coin is capped. So if more people mine it, it needs to be split eventually according to hashrate.

Right now many coins which are GPU mineable are still profitable however that will quickly change right after the merge. We will see tons of people liquidating GPUs that nobody will want to buy pretty much, unless they are gamers.

Sounds about right, the two sources I use to sell graphic cards are saying they aren't buying again, that's after we've came to an agreement of buying from me this week but I got a message that its not needy anymore and I asked why they said the upcoming merge lol.

adaseb

legendary

Activity: 3808

Merit: 1723

Yes but what is scary is that many new miners don’t know what will happen. They don’t know that the daily supply of a coin is capped. So if more people mine it, it needs to be split eventually according to hashrate.

Right now many coins which are GPU mineable are still profitable however that will quickly change right after the merge. We will see tons of people liquidating GPUs that nobody will want to buy pretty much, unless they are gamers.

FirmWars

member

Activity: 242

Merit: 86

Quote from: adaseb on August 14, 2022, 11:14:38 PM

Quote from: GEMIN_M4 on August 14, 2022, 02:08:21 AM

Is burning 1200 watt to keep a 350MH rig running a fairly good practice or not efficient enough? The single RTX 3070 Ti in the rigs make the power consumption higher doing 81MH with Bminer, what do you think.

Right now it doesn't really matter because in exactly 1 month the merge is happening with Ethereum. Which means no more mining. You will need to switch to other coins which have a very small miner reward compared to ETH.

Most likely the profits will tank severely and many will quit mining altogether due to this. Before upgrading your gear you should wait a month or two and see how things turn out. However it might be the end of GPU mining as we know it.

Scary, there are so many rigs mining Ethereum in the world right now and if all that power shift into another project the profit will tank a lot and even if some leave for another coin it won't make a big difference still.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: GEMIN_M4 on August 14, 2022, 02:08:21 AM

Is burning 1200 watt to keep a 350MH rig running a fairly good practice or not efficient enough? The single RTX 3070 Ti in the rigs make the power consumption higher doing 81MH with Bminer, what do you think.

Right now it doesn't really matter because in exactly 1 month the merge is happening with Ethereum. Which means no more mining. You will need to switch to other coins which have a very small miner reward compared to ETH.

Most likely the profits will tank severely and many will quit mining altogether due to this. Before upgrading your gear you should wait a month or two and see how things turn out. However it might be the end of GPU mining as we know it.

GEMIN_M4

member

Activity: 237

Merit: 19

Is burning 1200 watt to keep a 350MH rig running a fairly good practice or not efficient enough? The single RTX 3070 Ti in the rigs make the power consumption higher doing 81MH with Bminer, what do you think.

Topic: Efficiency or NOT? (Read 118 times)