Topic: Number 9! Ninth altcoin thread. Back to the moon Baby! - page 156. (Read 66416 times)

Quote from: philipma1957 on May 17, 2019, 09:05:24 PM

Quote from: philipma1957 on May 19, 2019, 08:23:15 AM

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

The ltc Apollo is 300
The btc r606 is 300

A brick is available. A miner can do solo mining or mine at various pools.

I own two Apollo’s and 1 R606 I mine them solo and it is simply to support the builders of the gear.

Although if I hit a block with either on it would pay for all three of them.

Odds are I will not hit a btc block in my lifetime.

But I could hit a ltc block.

I should have phrased it differently. This is someone with very large amounts of free power and would like to make some money. I don't think their interested in learning about mining just to learn (or geek out like some of us here

...)

My thought is that they should learn the basics of crypto (from mining to exchanges) before spending a bunch on hardware of any sort. I am not well versed in asics, so I feel ill qualified to tell them to buy some if I have no experience with them specifically. On the other hand, while I do know CPU and GPU mining well I don't think it's worth them buying a GPU just to mine with if they won't be using it for gaming or workstation purposes later on.

They are 2 states away from me too, so I can't really assist them directly if they run into trouble.

How "noob proof" are the Antiminer series?

Ask them to sell you power at 2 cents Wink

How does someone even get their hands on large amounts of free power, assuming they don't generate it?

Yeah I would cut a deal with him for 4.5 cents a kwatt. I can profit with that number.

What state is he in and how much power does he have?

This is from the owner of a small company that owns and operates oil and natural gas wells (mostly in OH). Some of their oil wells are in remote locations that do not have a pipeline nearby to get the natural gas to a market. Putting in a new pipeline costs millions of $ and requires all sorts of legal hassle that could take years. So that natural gas just gets vented off into the air and is wasted. They would like to convert that to something profitable rather then wasting it completely.

I was told that they estimate being able to generate at least 100,000 kwh at a site - I do not know how many of the sites could produce that same amount. A 100,000 kwh prime power natural gas generator will likely run $30,000 plus installation etc... There would be additional costs for shelter, setup, and internet of course, but I don't expect that it would be too significant overall.

The biggest hurdles in my mind are: #1 They have no experience with mining. & #2 Depending on the exact location, Internet options might be limited.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

that rig is 4 vega 56's and a threadripper 1920x

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: dragonmike on May 19, 2019, 08:00:18 AM

Quote from: adaseb on May 19, 2019, 02:36:06 AM

Basically its pretty profitable with 0.10c KwH power and with an old GPU like the RX GPU.

Yes, and not much more. At 16c/KWh I just didn't bother anymore. Powering my two old rigs of RX570 was just not worth it (1700W for what... $1/day profit at most?). Decided to get rid of the old things and swap them for a couple of newer, efficient cards (RTX 2060). They actually make just as much.

Yeah my garage is 10 cents in winter if you count the heat benefit and 19 cents in the summer if you count added cooling and summer power prices.

My days of heavy garage mining are done.

I am mining an xmr rig

https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

It is earning about 3-4 a day before power and about 2.50 in power cost. so a profit of 50 cents to 1.50

Which GPU is this? With the RX currently ETH is most profitable even though XMR uses less power. Using the What to mine calculator it looks like XMR is 33% less profitable, I am guessing that there is already some FGPA mining that coin again.

Most I can get is like 950Hs using 105 Watts and with ETH I get 28.5mhs using 120 watts so at the moment ETH seems like the obvious choice.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: dragonmike on May 19, 2019, 08:00:18 AM

Quote from: adaseb on May 19, 2019, 02:36:06 AM

Basically its pretty profitable with 0.10c KwH power and with an old GPU like the RX GPU.

Yes, and not much more. At 16c/KWh I just didn't bother anymore. Powering my two old rigs of RX570 was just not worth it (1700W for what... $1/day profit at most?). Decided to get rid of the old things and swap them for a couple of newer, efficient cards (RTX 2060). They actually make just as much.

Yeah my garage is 10 cents in winter if you count the heat benefit and 19 cents in the summer if you count added cooling and summer power prices.

My days of heavy garage mining are done.

I am mining an xmr rig

https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

It is earning about 3-4 a day before power and about 2.50 in power cost. so a profit of 50 cents to 1.50

dragonmike

hero member

Activity: 1274

Merit: 556

Quote from: adaseb on May 19, 2019, 02:36:06 AM

Basically its pretty profitable with 0.10c KwH power and with an old GPU like the RX GPU.

Yes, and not much more. At 16c/KWh I just didn't bother anymore. Powering my two old rigs of RX570 was just not worth it (1700W for what... $1/day profit at most?). Decided to get rid of the old things and swap them for a couple of newer, efficient cards (RTX 2060). They actually make just as much.

adaseb

legendary

Activity: 3808

Merit: 1723

Looking at the ETH hashrate charts,
https://etherscan.io/chart/hashrate

It seems we got an +15% in hashpower from the average hashrate of Q1 2019. And at the same time the price went up ~100% or so. So it looks like the hash power is slowly increasing since its becoming more and more profitable to mine.

I think its still early and maybe some old GPU miners from 2018 haven't noticed the increase in profitability and they haven't powered up their rig. So even with a constant price of $260, I predict the difficulty will still keep going up from here.

Basically its pretty profitable with 0.10c KwH power and with an old GPU like the RX GPU.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

large amounts of free power calls for setting something up.

S-9's are cheap even if 10% of the gear breaks you have good margins.

1x 30 amp 240 volt circuit can run 4 s9's safely pulling about 24 amps

so a 200 amp panel can have 7x 30 amp circuits

about 28 s9's

ATCkit2

jr. member

Activity: 85

Merit: 6

Quote from: philipma1957 on May 17, 2019, 09:05:24 PM

Quote from: KaydenC on May 18, 2019, 06:48:14 AM

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

The ltc Apollo is 300
The btc r606 is 300

A brick is available. A miner can do solo mining or mine at various pools.

I own two Apollo’s and 1 R606 I mine them solo and it is simply to support the builders of the gear.

Although if I hit a block with either on it would pay for all three of them.

Odds are I will not hit a btc block in my lifetime.

But I could hit a ltc block.

I should have phrased it differently. This is someone with very large amounts of free power and would like to make some money. I don't think their interested in learning about mining just to learn (or geek out like some of us here

...)

My thought is that they should learn the basics of crypto (from mining to exchanges) before spending a bunch on hardware of any sort. I am not well versed in asics, so I feel ill qualified to tell them to buy some if I have no experience with them specifically. On the other hand, while I do know CPU and GPU mining well I don't think it's worth them buying a GPU just to mine with if they won't be using it for gaming or workstation purposes later on.

They are 2 states away from me too, so I can't really assist them directly if they run into trouble.

How "noob proof" are the Antiminer series?

They're fairly "noob proof". If I were him, I'd try to get some S9s here:

https://www.scottofford.com/used-miners-for-sale/

Also, he could buy a few for $180 incl PSU from this link:

https://bitcointalksearch.org/topic/m.50198703

Of course, he would have to have them shipped to him...or he could keep them at Cryptoboreas. They're a good host site and have a low fee. I have a few rigs there and am happy with their service. That's about the easiest way for your friend to go "noob proof" without spending a fortune.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: philipma1957 on May 17, 2019, 09:05:24 PM

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

The ltc Apollo is 300
The btc r606 is 300

A brick is available. A miner can do solo mining or mine at various pools.

I own two Apollo’s and 1 R606 I mine them solo and it is simply to support the builders of the gear.

Although if I hit a block with either on it would pay for all three of them.

Odds are I will not hit a btc block in my lifetime.

But I could hit a ltc block.

I should have phrased it differently. This is someone with very large amounts of free power and would like to make some money. I don't think their interested in learning about mining just to learn (or geek out like some of us here

...)

My thought is that they should learn the basics of crypto (from mining to exchanges) before spending a bunch on hardware of any sort. I am not well versed in asics, so I feel ill qualified to tell them to buy some if I have no experience with them specifically. On the other hand, while I do know CPU and GPU mining well I don't think it's worth them buying a GPU just to mine with if they won't be using it for gaming or workstation purposes later on.

They are 2 states away from me too, so I can't really assist them directly if they run into trouble.

How "noob proof" are the Antiminer series?

Ask them to sell you power at 2 cents Wink

How does someone even get their hands on large amounts of free power, assuming they don't generate it?

Yeah I would cut a deal with him for 4.5 cents a kwatt. I can profit with that number.

What state is he in and how much power does he have?

KaydenC

sr. member

Activity: 610

Merit: 265

Quote from: philipma1957 on May 17, 2019, 09:05:24 PM

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

The ltc Apollo is 300
The btc r606 is 300

A brick is available. A miner can do solo mining or mine at various pools.

I own two Apollo’s and 1 R606 I mine them solo and it is simply to support the builders of the gear.

Although if I hit a block with either on it would pay for all three of them.

Odds are I will not hit a btc block in my lifetime.

But I could hit a ltc block.

I should have phrased it differently. This is someone with very large amounts of free power and would like to make some money. I don't think their interested in learning about mining just to learn (or geek out like some of us here

...)

My thought is that they should learn the basics of crypto (from mining to exchanges) before spending a bunch on hardware of any sort. I am not well versed in asics, so I feel ill qualified to tell them to buy some if I have no experience with them specifically. On the other hand, while I do know CPU and GPU mining well I don't think it's worth them buying a GPU just to mine with if they won't be using it for gaming or workstation purposes later on.

They are 2 states away from me too, so I can't really assist them directly if they run into trouble.

How "noob proof" are the Antiminer series?

Ask them to sell you power at 2 cents Wink

How does someone even get their hands on large amounts of free power, assuming they don't generate it?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: philipma1957 on May 17, 2019, 09:05:24 PM

Quote from: philipma1957 on May 17, 2019, 09:05:24 PM

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

The ltc Apollo is 300
The btc r606 is 300

A brick is available. A miner can do solo mining or mine at various pools.

I own two Apollo’s and 1 R606 I mine them solo and it is simply to support the builders of the gear.

Although if I hit a block with either on it would pay for all three of them.

Odds are I will not hit a btc block in my lifetime.

But I could hit a ltc block.

I should have phrased it differently. This is someone with very large amounts of free power and would like to make some money. I don't think their interested in learning about mining just to learn (or geek out like some of us here

...)

My thought is that they should learn the basics of crypto (from mining to exchanges) before spending a bunch on hardware of any sort. I am not well versed in asics, so I feel ill qualified to tell them to buy some if I have no experience with them specifically. On the other hand, while I do know CPU and GPU mining well I don't think it's worth them buying a GPU just to mine with if they won't be using it for gaming or workstation purposes later on.

They are 2 states away from me too, so I can't really assist them directly if they run into trouble.

How "noob proof" are the Antiminer series?

Loud but if they have a lot of free power s9s are cheap.

How much cheap power 100kwatts?

100kwatts will allow you to run 80 s9s. Buy 100 cheap and not care if some break.

80 s9s use 96kwatts and do. 1.04 ph. If you get them for 300 with psu they cost 30000.

Power is free. They earn 262 a day,with free power so 120 days to break even

Elder III

sr. member

Activity: 1246

Merit: 274

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

The ltc Apollo is 300
The btc r606 is 300

A brick is available. A miner can do solo mining or mine at various pools.

I own two Apollo’s and 1 R606 I mine them solo and it is simply to support the builders of the gear.

Although if I hit a block with either on it would pay for all three of them.

Odds are I will not hit a btc block in my lifetime.

But I could hit a ltc block.

I should have phrased it differently. This is someone with very large amounts of free power and would like to make some money. I don't think their interested in learning about mining just to learn (or geek out like some of us here

...)

My thought is that they should learn the basics of crypto (from mining to exchanges) before spending a bunch on hardware of any sort. I am not well versed in asics, so I feel ill qualified to tell them to buy some if I have no experience with them specifically. On the other hand, while I do know CPU and GPU mining well I don't think it's worth them buying a GPU just to mine with if they won't be using it for gaming or workstation purposes later on.

They are 2 states away from me too, so I can't really assist them directly if they run into trouble.

How "noob proof" are the Antiminer series?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

The ltc Apollo is 300
The btc r606 is 300

A brick is available. A miner can do solo mining or mine at various pools.

I own two Apollo’s and 1 R606 I mine them solo and it is simply to support the builders of the gear.

Although if I hit a block with either on it would pay for all three of them.

Odds are I will not hit a btc block in my lifetime.

But I could hit a ltc block.

nsummy

full member

Activity: 1179

Merit: 131

If you had a friend/relative that had never mined anything before and wanted to learn --- would you have them start with a Crap CPU on their desktop (not a gamer, so no GPU of any merit available), buy a GPU to mine with, or buy an asic to mine with?

*** In this individual's case an asic is likely the best long term option due to their power costs, location, time, etc...***

Your statements somewhat conflict. Wanting to learn is at odds with buying an ASIC for convenience. I don't think anyone would really recommend buying hardware just for mining in this economy, but if we are talking about strictly something to learn with, then any 4+ core processor (new enough to have aes-ni) and GTX 1050 ti or better. That should be enough to mine any coin in existence. As for asics, generally there isn't much learning involved, unless you are troubleshooting hardware problems or have a large installation. At this point in time I don't think any are worth buying for long term use unless its a sha-256. My 2 cents Grin

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'