ETH mining 101
Discussion
I’ve never tried watercooled GPUs as they’re expensive and expensive to set up. Not just as simple as plug and play.
Yes I’m sure they overcome the heat issue. But I manage mine with a portable aircon unit and it’s absolutely fine (even in the heat last week I didn’t have any issues).
I have noticed that my Nvidia rig is much more sensitive to the heat than my AMD ones which don’t really care how hot they get.
Yes I’m sure they overcome the heat issue. But I manage mine with a portable aircon unit and it’s absolutely fine (even in the heat last week I didn’t have any issues).
I have noticed that my Nvidia rig is much more sensitive to the heat than my AMD ones which don’t really care how hot they get.
Big Rig said:
loudlashadjuster said:
That's a LHR card, standing for 'low hash rate', specifically designed to hobble Ether mining so it changes the economics quite a bit. This means the payback time will be increased by as much as 2x.
Most or all of the Nvidia cards you will commonly be able to buy at the moment will be LHR versions. They can mine other crypto though.
How much would I look I need to spend then to get something that could mind and turn a profit? Most or all of the Nvidia cards you will commonly be able to buy at the moment will be LHR versions. They can mine other crypto though.
Thing is, what do you count as profit? Are you just going to sell immediately at the prevailing rate to pay the bills? Or are you bullish about BTC,/ETH/whatever prospects and will hodl? If so, the daily 'profitability' is only one aspect and you may hope to see the value of your holdings increase over time. Or they could evaporate in a flash
With a bit of judicious trading I've about doubled my mining income, on paper anyway. And that's as an amateur dabbler. I don't need the money so I'm happy to sit on it and play a bit.
The way I did it was to cash in my initial outlay for the rigs and then hold on to anything above this.
This way, I’ve got my costs back and still have the hardware to sell in the future, and who knows if ETH does a 10x then it’s early retirement lol. If it goes to zero then it was an interesting little project
This way, I’ve got my costs back and still have the hardware to sell in the future, and who knows if ETH does a 10x then it’s early retirement lol. If it goes to zero then it was an interesting little project
audi321 said:
The way I did it was to cash in my initial outlay for the rigs and then hold on to anything above this.
This way, I’ve got my costs back and still have the hardware to sell in the future, and who knows if ETH does a 10x then it’s early retirement lol. If it goes to zero then it was an interesting little project
Probably prudent to cash in enough every month to cover the electricity / running costs so you don't end up out of pocket in the worst case scenario (highly unlikely) that ETH went to 0. This way, I’ve got my costs back and still have the hardware to sell in the future, and who knows if ETH does a 10x then it’s early retirement lol. If it goes to zero then it was an interesting little project
Has anyone shared pics of their mining rigs / setups on here? Would be interesting to see if happy to share
loudlashadjuster said:
Big Rig said:
loudlashadjuster said:
That's a LHR card, standing for 'low hash rate', specifically designed to hobble Ether mining so it changes the economics quite a bit. This means the payback time will be increased by as much as 2x.
Most or all of the Nvidia cards you will commonly be able to buy at the moment will be LHR versions. They can mine other crypto though.
How much would I look I need to spend then to get something that could mind and turn a profit? Most or all of the Nvidia cards you will commonly be able to buy at the moment will be LHR versions. They can mine other crypto though.
Thing is, what do you count as profit? Are you just going to sell immediately at the prevailing rate to pay the bills? Or are you bullish about BTC,/ETH/whatever prospects and will hodl? If so, the daily 'profitability' is only one aspect and you may hope to see the value of your holdings increase over time. Or they could evaporate in a flash
With a bit of judicious trading I've about doubled my mining income, on paper anyway. And that's as an amateur dabbler. I don't need the money so I'm happy to sit on it and play a bit.
Is there any build guides anywhere as to point me in the right direction for the motherboard, hard drive etc that I'll need?
Thanks for everyone's advice btw.
It just depends on your budget and how serious you want to get into it.
I started last year with an old Dell PC I was going to throw out (literally 7 years old and knackered). Just took out the motherboard and PSU and bought 4 cheap RX570’s off gumtree/eBay and a 4 way PCIE splitter, some power splitters and risers. I think from memory the whole lot came to around £700 (I think more like £850 nowadays due to the price increases)
This rig is still running (24/7 with not a single failure). Produces 132mh/s and this currently gives me around £8.80 a day gross.
Or you could buy brand new motherboard, RAM, CPU, PSU, HDD, etc etc and spend much more on more advanced GPUs (if you can get them).
For me it’s not worth it and like I said a while back, if I were doing it all again, I’d just use old cheapo PCs and get the splitters and old RX580,570,480 GPUs. Much more profitable, yes more hassle and power consumption and no warranty but these things don’t fail that often.
To answer your question about building one you need:
Motherboard with PCIE slots (the more the merrier or use the splitters)
CPU
RAM
HDD or USB stick
PSU (with as many outputs as possible, or use the splitters)
GPU risers
GPUs with above 4gb vram (nvidia or amd but don’t mix them)
Download SimpleMiner OS onto the USB stick (do some config)
And you’re off. If you have an old PC knocking around you can be up and running within 10 minutes.
Or you can spend thousands on a proper rig, but for those just starting, I personally wouldn’t even consider it.
I started last year with an old Dell PC I was going to throw out (literally 7 years old and knackered). Just took out the motherboard and PSU and bought 4 cheap RX570’s off gumtree/eBay and a 4 way PCIE splitter, some power splitters and risers. I think from memory the whole lot came to around £700 (I think more like £850 nowadays due to the price increases)
This rig is still running (24/7 with not a single failure). Produces 132mh/s and this currently gives me around £8.80 a day gross.
Or you could buy brand new motherboard, RAM, CPU, PSU, HDD, etc etc and spend much more on more advanced GPUs (if you can get them).
For me it’s not worth it and like I said a while back, if I were doing it all again, I’d just use old cheapo PCs and get the splitters and old RX580,570,480 GPUs. Much more profitable, yes more hassle and power consumption and no warranty but these things don’t fail that often.
To answer your question about building one you need:
Motherboard with PCIE slots (the more the merrier or use the splitters)
CPU
RAM
HDD or USB stick
PSU (with as many outputs as possible, or use the splitters)
GPU risers
GPUs with above 4gb vram (nvidia or amd but don’t mix them)
Download SimpleMiner OS onto the USB stick (do some config)
And you’re off. If you have an old PC knocking around you can be up and running within 10 minutes.
Or you can spend thousands on a proper rig, but for those just starting, I personally wouldn’t even consider it.
Edited by audi321 on Tuesday 14th September 15:01
audi321 said:
It just depends on your budget and how serious you want to get into it.
I started last year with an old Dell PC I was going to throw out (literally 7 years old and knackered). Just took out the motherboard and PSU and bought 4 cheap RX570’s off gumtree/eBay and a 4 way PCIE splitter, some power splitters and risers. I think from memory the whole lot came to around £700 (I think more like £850 nowadays due to the price increases)
This rig is still running (24/7 with not a single failure). Produces 132mh/s and this currently gives me around £8.80 a day gross.
Or you could buy brand new motherboard, RAM, CPU, PSU, HDD, etc etc and spend much more on more advanced GPUs (if you can get them).
For me it’s not worth it and like I said a while back, if I were doing it all again, I’d just use old cheapo PCs and get the splitters and old RX580,570,480 GPUs. Much more profitable, yes more hassle and power consumption and no warranty but these things don’t fail that often.
To answer your question about building one you need:
Motherboard with PCIE slots (the more the merrier or use the splitters)
CPU
RAM
HDD or USB stick
PSU (with as many outputs as possible, or use the splitters)
GPU risers
GPUs with above 4gb vram (nvidia or amd but don’t mix them)
Download SimpleMiner OS onto the USB stick (do some config)
And you’re off. If you have an old PC knocking around you can be up and running within 10 minutes.
Or you can spend thousands on a proper rig, but for those just starting, I personally wouldn’t even consider it.
Thanks. I happen to have 2 of these old Dell desktops, i3, 250gb HDD, 4gb ram each, will those be ok? I started last year with an old Dell PC I was going to throw out (literally 7 years old and knackered). Just took out the motherboard and PSU and bought 4 cheap RX570’s off gumtree/eBay and a 4 way PCIE splitter, some power splitters and risers. I think from memory the whole lot came to around £700 (I think more like £850 nowadays due to the price increases)
This rig is still running (24/7 with not a single failure). Produces 132mh/s and this currently gives me around £8.80 a day gross.
Or you could buy brand new motherboard, RAM, CPU, PSU, HDD, etc etc and spend much more on more advanced GPUs (if you can get them).
For me it’s not worth it and like I said a while back, if I were doing it all again, I’d just use old cheapo PCs and get the splitters and old RX580,570,480 GPUs. Much more profitable, yes more hassle and power consumption and no warranty but these things don’t fail that often.
To answer your question about building one you need:
Motherboard with PCIE slots (the more the merrier or use the splitters)
CPU
RAM
HDD or USB stick
PSU (with as many outputs as possible, or use the splitters)
GPU risers
GPUs with above 4gb vram (nvidia or amd but don’t mix them)
Download SimpleMiner OS onto the USB stick (do some config)
And you’re off. If you have an old PC knocking around you can be up and running within 10 minutes.
Or you can spend thousands on a proper rig, but for those just starting, I personally wouldn’t even consider it.
Edited by audi321 on Tuesday 14th September 15:01
https://www.ebay.co.uk/itm/Dell-OptiPlex-7020-Core...
And a couple of these?
https://www.ebay.co.uk/itm/AMD-RADEON-RX-580-8gb-O...
I can’t tell what PSU is in that tower but something like that yes and some power splitters. If you’ve got them already, upload a pic of the internals and I’ll have a look.
As for the GPU I wouldn’t pay anything like that for a 580! They often pop up on gumtree or Facebook for around £225 max £250. eBay is not the place I would be buying them from.
As for the GPU I wouldn’t pay anything like that for a 580! They often pop up on gumtree or Facebook for around £225 max £250. eBay is not the place I would be buying them from.
I have pondered adding another card to the 3080.
Generating around £5.50 a day at moment on 102 mh/s with watercooling with around £1 per day electric costs.
RRP of cards makes it hard to judge whether to bother or not.
RVN isnt too far behind in terms of Eth sometimes recently but its a bit harder on the card I think.
Generating around £5.50 a day at moment on 102 mh/s with watercooling with around £1 per day electric costs.
RRP of cards makes it hard to judge whether to bother or not.
RVN isnt too far behind in terms of Eth sometimes recently but its a bit harder on the card I think.
audi321 said:
I can’t tell what PSU is in that tower but something like that yes and some power splitters. If you’ve got them already, upload a pic of the internals and I’ll have a look.
As for the GPU I wouldn’t pay anything like that for a 580! They often pop up on gumtree or Facebook for around £225 max £250. eBay is not the place I would be buying them from.
So as well as the desktop peer supply I’ve been given one of these 625w dell PSU’s.As for the GPU I wouldn’t pay anything like that for a 580! They often pop up on gumtree or Facebook for around £225 max £250. eBay is not the place I would be buying them from.
Found a card local to me on FB that he’ll take £250 for.
Anything else I need?
Card looks good, might need a riser depending on how much space you have in the tower but you’re good to go. Also might need some power adapters depending on what outputs you have on the PSUs.
But risers and power adapters/splitters are only a few quid on eBay if you needed them.
Now either wipe the HDD and install Simple miner, or the easier thing is to install it on a USB drive and unplug the HDD (unless you know how to change the boot sequence in the BIOS?).
You need a wallet to mine to. I use Cryptopay. Add this to Simple miner along with your email address in the config file and you’re off.
ETA. You’ll need to clock the card afterwards to get the best hashrate. Have a look on www.hashrate.no for the settings.
But risers and power adapters/splitters are only a few quid on eBay if you needed them.
Now either wipe the HDD and install Simple miner, or the easier thing is to install it on a USB drive and unplug the HDD (unless you know how to change the boot sequence in the BIOS?).
You need a wallet to mine to. I use Cryptopay. Add this to Simple miner along with your email address in the config file and you’re off.
ETA. You’ll need to clock the card afterwards to get the best hashrate. Have a look on www.hashrate.no for the settings.
Edited by audi321 on Wednesday 15th September 10:39
Calza said:
g4ry13 said:
I believe a benefit of mining RVN is you can use the LHR GPUs and not see a reduced hash rate.
Raven is a lot more power hungry though, and hotter, something to keep in mind.audi321 said:
Card looks good, might need a riser depending on how much space you have in the tower but you’re good to go. Also might need some power adapters depending on what outputs you have on the PSUs.
But risers and power adapters/splitters are only a few quid on eBay if you needed them.
Now either wipe the HDD and install Simple miner, or the easier thing is to install it on a USB drive and unplug the HDD (unless you know how to change the boot sequence in the BIOS?).
You need a wallet to mine to. I use Cryptopay. Add this to Simple miner along with your email address in the config file and you’re off.
ETA. You’ll need to clock the card afterwards to get the best hashrate. Have a look on www.hashrate.no for the settings.
Thanks so much for your help. With regards to the crypto wallet, is Cryptopay deemed as a safe one, good protection from hackers etc?But risers and power adapters/splitters are only a few quid on eBay if you needed them.
Now either wipe the HDD and install Simple miner, or the easier thing is to install it on a USB drive and unplug the HDD (unless you know how to change the boot sequence in the BIOS?).
You need a wallet to mine to. I use Cryptopay. Add this to Simple miner along with your email address in the config file and you’re off.
ETA. You’ll need to clock the card afterwards to get the best hashrate. Have a look on www.hashrate.no for the settings.
Edited by audi321 on Wednesday 15th September 10:39
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