I am new to mining and I need some guidance

FP91G

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Quote from: swogerino on July 02, 2022, 01:20:41 PM

Quote from: FP91G on July 02, 2022, 10:53:58 AM

Quote from: swogerino on July 01, 2022, 03:42:42 PM

Quote from: FP91G on July 01, 2022, 12:52:40 PM

If you look at past experience, then it took the miners six months for 50% of the hashrate to disappear from ethereum mining and the profit in coins increased.I'm not sure if all these miners are making a profit now,but they keep mining.
https://etherscan.io/chart/hashrate

Yes I know but I am still liking what I am seeing right now which is the difficulty being at 11.25 P when only yesterday morning it was well over 14 P,I am already starting to make more coins daily,I used to make like 0.0039 Ethereum with that high difficulty of the network and now I am making like near 0.0049 Ethereum daily for my same performance of just over 300 Mhsh.I hope this continues massively to go down during the summer so we can collect a lot of coins,I get paid in Bitcoin as I am not interested at all in Ethereum so this is the time to jump in the train and keep accumulating.

The number of mined coins has increased by 25%, but jump in the outgoing train late, because there is not enough time to pay back the equipment. An alternative to 3070 Ti can be, for example, 2 second-hand Rx5600, which can now be bought very cheaply and they do not heat up even in summer.

I think that is very true,I was checking the local market and the Rtx 2060 Super was like 250 Eur for 42.5 Mhsh which I think is a great price,for those who want to jump in and looking for alternatives now there are tons of them,I also like the 2060 series of card because beside you can find them very cheap now,they also do not hit you hard regarding electricity consumption.Hopefully we continue to see a decline in price and I am sure near September I can buy in the used local market a mining rig full of 2060 series for just 1000 EUR,looking forward to that moment.The same can be said about the Rx 5600 series.

Rtx 2060 Super would be preferable due to the fact that this video card has 8 GB of memory. But the Rx5600 video card has less power consumption, although it has 6 GB of memory, like the Rtx 2060. But these video cards do not have hashrate locks and they are cold.

swogerino

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Quote from: FP91G on July 02, 2022, 10:53:58 AM

Quote from: swogerino on July 01, 2022, 03:42:42 PM

Quote from: FP91G on July 01, 2022, 12:52:40 PM

If you look at past experience, then it took the miners six months for 50% of the hashrate to disappear from ethereum mining and the profit in coins increased.I'm not sure if all these miners are making a profit now,but they keep mining.
https://etherscan.io/chart/hashrate

Yes I know but I am still liking what I am seeing right now which is the difficulty being at 11.25 P when only yesterday morning it was well over 14 P,I am already starting to make more coins daily,I used to make like 0.0039 Ethereum with that high difficulty of the network and now I am making like near 0.0049 Ethereum daily for my same performance of just over 300 Mhsh.I hope this continues massively to go down during the summer so we can collect a lot of coins,I get paid in Bitcoin as I am not interested at all in Ethereum so this is the time to jump in the train and keep accumulating.

The number of mined coins has increased by 25%, but jump in the outgoing train late, because there is not enough time to pay back the equipment. An alternative to 3070 Ti can be, for example, 2 second-hand Rx5600, which can now be bought very cheaply and they do not heat up even in summer.

I think that is very true,I was checking the local market and the Rtx 2060 Super was like 250 Eur for 42.5 Mhsh which I think is a great price,for those who want to jump in and looking for alternatives now there are tons of them,I also like the 2060 series of card because beside you can find them very cheap now,they also do not hit you hard regarding electricity consumption.Hopefully we continue to see a decline in price and I am sure near September I can buy in the used local market a mining rig full of 2060 series for just 1000 EUR,looking forward to that moment.The same can be said about the Rx 5600 series.

FP91G

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Quote from: swogerino on July 01, 2022, 03:42:42 PM

Quote from: FP91G on July 01, 2022, 12:52:40 PM

If you look at past experience, then it took the miners six months for 50% of the hashrate to disappear from ethereum mining and the profit in coins increased.I'm not sure if all these miners are making a profit now,but they keep mining.
https://etherscan.io/chart/hashrate

Yes I know but I am still liking what I am seeing right now which is the difficulty being at 11.25 P when only yesterday morning it was well over 14 P,I am already starting to make more coins daily,I used to make like 0.0039 Ethereum with that high difficulty of the network and now I am making like near 0.0049 Ethereum daily for my same performance of just over 300 Mhsh.I hope this continues massively to go down during the summer so we can collect a lot of coins,I get paid in Bitcoin as I am not interested at all in Ethereum so this is the time to jump in the train and keep accumulating.

The number of mined coins has increased by 25%, but jump in the outgoing train late, because there is not enough time to pay back the equipment. An alternative to 3070 Ti can be, for example, 2 second-hand Rx5600, which can now be bought very cheaply and they do not heat up even in summer.

GEMIN_M4

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Quote from: FP91G on June 30, 2022, 10:51:07 AM

Quote from: Z390 on June 30, 2022, 01:44:49 AM

Quote from: Coinfarm ventures on June 26, 2022, 03:48:20 PM

Quote from: swogerino on June 26, 2022, 11:15:14 AM

The 3070 Ti is a card with Gddr6x memory and if you cool it down properly you can get it to the average hash rate of 76-80 Mhsh

Because of thermal limitations, I can only get 105 Mh on my RTX 3080 Ti instead of the full 120 Mh. I decided to never buy GDDR6X video cards again, and mine EPIC+SERO instead of ETH.

Thermal limitation? 🤔 what if you go liquid cooling? I think 3080Ti can get more than 105MH with liquid cooling but I think it's not worth the extra spending for a few Hashrate, anyway, I have stop buying gddr6x graphic cards and 3080 will be my last.

It is very expensive. If you do it yourself, you will have to solve many problems. Alternatively, you can choose an RTX 3070 Ti ( 80 mh) graphics card with a good cooling system, but they need to be kept in an open case at a distance of at least 20 centimeters from each other.

I like that 3070 Ti can do 80-81MH but they gets too hot 🔥 and I don't like that, I have 3070 Ti but it's too late to sell right now because I bought it not too long ago like 5 months ago, I haven't made half the ROI so I will keep mining.

swogerino

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Quote from: FP91G on July 01, 2022, 12:52:40 PM

If you look at past experience, then it took the miners six months for 50% of the hashrate to disappear from ethereum mining and the profit in coins increased.I'm not sure if all these miners are making a profit now,but they keep mining.
https://etherscan.io/chart/hashrate

Yes I know but I am still liking what I am seeing right now which is the difficulty being at 11.25 P when only yesterday morning it was well over 14 P,I am already starting to make more coins daily,I used to make like 0.0039 Ethereum with that high difficulty of the network and now I am making like near 0.0049 Ethereum daily for my same performance of just over 300 Mhsh.I hope this continues massively to go down during the summer so we can collect a lot of coins,I get paid in Bitcoin as I am not interested at all in Ethereum so this is the time to jump in the train and keep accumulating.

FP91G

legendary

Activity: 1820

Merit: 1121

If you look at past experience, then it took the miners six months for 50% of the hashrate to disappear from ethereum mining and the profit in coins increased.I'm not sure if all these miners are making a profit now,but they keep mining.
https://etherscan.io/chart/hashrate

swogerino

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Activity: 3318

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Bitcoin Casino Est. 2013

Quote from: OgNasty on June 30, 2022, 01:49:43 PM

If I were to give you guidance on mining it would be to avoid the trap of looking at profitability day to day. Instead, make a prediction about where you think the Bitcoin price is going and when. Watch the fundamentals to make sure nothing changes, but keep mining BTC. When you do your profit calculations, use the value that you're going to sell at and stick with your plan. The biggest mistake I've seen people make over the years is to overpay for GPU hardware because they used some mining calculator that said they would make a ton of money per day, then the market drops and they are no longer profitable so they shut down their GPU and call crypto a scam.

I've said this many times before... but... The most profitable Bitcoin I ever mined, was the Bitcoin I mined when it was unprofitable to do so.

It looks like if for example the new miners will mine Ethereum and get paid in Bitcoin,now we are near that time mining at a loss,I think the difficulty of Ethereum after many days is below 12 P and I hope it goes down,this means the rewards in cryptocurrency will go up but the price in FIAT maybe at a loss,however in the long run I am pretty confident that it will become a huge win,so I agree,the smartest people are the ones who will join mining in a bear market like the one we are experiencing which will make daily crypto rewards from mining higher thus getting more coins for a certain amount of time until difficulty stays low,they will be winners in the long run.I have done so in 2018,I will try to repeat it now in 2022.

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If I were to give you guidance on mining it would be to avoid the trap of looking at profitability day to day. Instead, make a prediction about where you think the Bitcoin price is going and when. Watch the fundamentals to make sure nothing changes, but keep mining BTC. When you do your profit calculations, use the value that you're going to sell at and stick with your plan. The biggest mistake I've seen people make over the years is to overpay for GPU hardware because they used some mining calculator that said they would make a ton of money per day, then the market drops and they are no longer profitable so they shut down their GPU and call crypto a scam.

I've said this many times before... but... The most profitable Bitcoin I ever mined, was the Bitcoin I mined when it was unprofitable to do so.

FP91G

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Quote from: Z390 on June 30, 2022, 01:44:49 AM

Quote from: Coinfarm ventures on June 26, 2022, 03:48:20 PM

Quote from: swogerino on June 26, 2022, 11:15:14 AM

The 3070 Ti is a card with Gddr6x memory and if you cool it down properly you can get it to the average hash rate of 76-80 Mhsh

Because of thermal limitations, I can only get 105 Mh on my RTX 3080 Ti instead of the full 120 Mh. I decided to never buy GDDR6X video cards again, and mine EPIC+SERO instead of ETH.

Thermal limitation? 🤔 what if you go liquid cooling? I think 3080Ti can get more than 105MH with liquid cooling but I think it's not worth the extra spending for a few Hashrate, anyway, I have stop buying gddr6x graphic cards and 3080 will be my last.

It is very expensive. If you do it yourself, you will have to solve many problems. Alternatively, you can choose an RTX 3070 Ti ( 80 mh) graphics card with a good cooling system, but they need to be kept in an open case at a distance of at least 20 centimeters from each other.

Z390

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Quote from: Coinfarm ventures on June 26, 2022, 03:48:20 PM

Quote from: swogerino on June 26, 2022, 11:15:14 AM

The 3070 Ti is a card with Gddr6x memory and if you cool it down properly you can get it to the average hash rate of 76-80 Mhsh

Because of thermal limitations, I can only get 105 Mh on my RTX 3080 Ti instead of the full 120 Mh. I decided to never buy GDDR6X video cards again, and mine EPIC+SERO instead of ETH.

Thermal limitation? 🤔 what if you go liquid cooling? I think 3080Ti can get more than 105MH with liquid cooling but I think it's not worth the extra spending for a few Hashrate, anyway, I have stop buying gddr6x graphic cards and 3080 will be my last.

FP91G

legendary

Activity: 1820

Merit: 1121

Quote from: Coinfarm ventures on June 26, 2022, 03:48:20 PM

Quote from: swogerino on June 26, 2022, 11:15:14 AM

The 3070 Ti is a card with Gddr6x memory and if you cool it down properly you can get it to the average hash rate of 76-80 Mhsh

Because of thermal limitations I can only get 105 Mh on my RTX 3080 Ti instead of the full 120 Mh. I decided to never buy GDDR6X video cards again, and mine EPIC+SERO instead of ETH.

Due to thermal limitations, some miners did not receive more than 90 megahash. At first it was 115 and then the hashrate dropped to 80 megahash. If you are a miner who buys an expensive video card and does not read the reviews of other miners, then great adventures await him. But you are very lucky, 105 megahash is good.

Coinfarm ventures

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Quote from: swogerino on June 26, 2022, 11:15:14 AM

The 3070 Ti is a card with Gddr6x memory and if you cool it down properly you can get it to the average hash rate of 76-80 Mhsh

Because of thermal limitations I can only get 105 Mh on my RTX 3080 Ti instead of the full 120 Mh. I decided to never buy GDDR6X video cards again, and mine EPIC+SERO instead of ETH.

swogerino

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Quote from: Way of a writer on June 26, 2022, 03:29:15 AM

All I can achieve from my 3070Ti is 73MH with driver 512.15, is this is appropriate hashrate that I should be getting? I'm running on windows 10 OS using Trex miner, pls help

The 3070 Ti is a card with Gddr6x memory and if you cool it down properly you can get it to the average hash rate of 76-80 Mhsh.On Windows 10 if you use Lolminer it shows you all the details beside the card temperature also the memory temperature and if that temperature is high you need a better cooling and the high memory temperature can give you a couple of Mhsh less,there was a case when a person long before the 100% unlock was getting like 4-5 Mhsh less than he should but he was having a problem with high memory temperature and once he fixed it he got those mhsh-s that he was missing.

FP91G

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Quote from: Way of a writer on June 26, 2022, 03:29:15 AM

All I can achieve from my 3070Ti is 73MH with driver 512.15, is this is appropriate hashrate that I should be getting? I'm running on windows 10 OS using Trex miner, pls help

This is fine. The average hashrate is 76-80 megahash. If you write your settings, then users will give you more advice on setting up a video card.

Way of a writer

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All I can achieve from my 3070Ti is 73MH with driver 512.15, is this is appropriate hashrate that I should be getting? I'm running on windows 10 OS using Trex miner, pls help

Topic: I am new to mining and I need some guidance (Read 227 times)