ETH mining 101

[anonymous-user]

paulrockliffe said:

NiceHash just gives you a tick box to turn CPU mining on and off you go. But a comparable era CPU is pissing in the wind compared with it's comparable GPU.

the point was if you have rig, or computer with you can mine for very little more overhead and had to your profit as GPU mining doesn't require much cpu process. if people want to try and eak out as much profit for doing a bit more, that was why i mentioned it. Obviously most just want as easy way to do it.

i personally found nice hash not the best roi.

[anxious_ant]

Finally got around to installing NiceHash.

Norton is blocking the app left, right and centre so I had to completely disable it to start mining. I've followed the instructions for exclusions but it's the inbound traffic from github and nicehash that's treated as a trojan. Not a biggie, just need to remember to completely disable Norton when I mine and re-enable when I'm done.

Loving the NiceHash app, I can also mine with CPU if I wish. I would probably turn it on at some point ato put my 12 core processor to work.

According to my Kasa enery monitor the power draw is 458W which is a bit high. I've already set the power limit in MSI Afterburner to 80% so might reduce that further. At the moment it's reporting 0.00019584 BTC / 24h or around €8.82 / 24h.
Fans are running at around 90-100% , GPU temp 58C. Probably some tuning to be done, as not too happy with the stats so far.
I probably won't run this over 24 hours with fans at 100%.

edit: Gotta love the projections :P

edit2: Being the geek I am I've created an Excel spreadsheet to log the mining activity. Excel 365 has cool feature that pulls current exchange rate which helps. Anyway, after about an hour of mining it looks like my net profit after costs is about 30p/hour or about £9/day.

Edited by anxious_ant on Friday 19th February 20:35

[audi321]

Right guys, so I bought my first rig that I mentioned on the previous page. It is a 6 x GTX Geforce 1080 ti 11gb rig.

Was originally bought from Easycryptohunter.com (for I believe £10k) I picked it up for £4.5k.

I stayed with the OS which the previous owner had on it (Simplemining) and it seems to be running quite nicely (1 of the fans isn't running), and I went with Phoenixminer5.4 (but it seems to be linked to ethermine.org? - is this the EU variant?).

I'm not sure how often it deposits the ETH into my Coinbase wallet, but after 24 hours running, I have apparently got the equivalent of about £20 (according to ethermine.org's dashboard) and am running at 208MH/S.

Simplemining says all the GPUs are running at around 65 degrees, and fans at 100%. I'm not sure how to overclock this (is it worth it?). I don't pay for the electric, so power consumption isn't relevant to me.

Does what I say above sound right? This is the first time I've done this kind of thing, and it's kind of a punt with a bonus from work rather than an ISA lol. Has anyone any recommendations of what I should be doing to enhance any returns, or just leave it running and forget about it? I am worried about GPU failures as I believe the GPUs are now not sold anymore, will any similar spec card just plug and play?

[Jim1064]

audi321 said:

Right guys, so I bought my first rig that I mentioned on the previous page. It is a 6 x GTX Geforce 1080 ti 11gb rig.

Was originally bought from Easycryptohunter.com (for I believe £10k) I picked it up for £4.5k.

I stayed with the OS which the previous owner had on it (Simplemining) and it seems to be running quite nicely (1 of the fans isn't running), and I went with Phoenixminer5.4 (but it seems to be linked to ethermine.org? - is this the EU variant?).

I'm not sure how often it deposits the ETH into my Coinbase wallet, but after 24 hours running, I have apparently got the equivalent of about £20 (according to ethermine.org's dashboard) and am running at 208MH/S.

Simplemining says all the GPUs are running at around 65 degrees, and fans at 100%. I'm not sure how to overclock this (is it worth it?). I don't pay for the electric, so power consumption isn't relevant to me.

Does what I say above sound right? This is the first time I've done this kind of thing, and it's kind of a punt with a bonus from work rather than an ISA lol. Has anyone any recommendations of what I should be doing to enhance any returns, or just leave it running and forget about it? I am worried about GPU failures as I believe the GPUs are now not sold anymore, will any similar spec card just plug and play?

I'm running between 80 and 90 MH/s and am making around €9/day so your numbers make sense (to me at least) - for now the earning rate for ETH is your MH/s divided by ten.

Edited by Jim1064 on Thursday 8th April 13:18

[audi321]

Jim1064 said:

I'm running between 80 and 90 MH/s and am making around €9/hr so your numbers make sense (to me at least) - for now the earning rate for ETH is your MH/s divided by ten.

An hour???

[anonymous-user]

A day.

One thing I would check is that he isn't mining to an old address still.

[audi321]

The Spruce Goose said:

A day.

One thing I would check is that he isn't mining to an old address still.

Thanks, yes I changed everything over to me with the help of Simplemining support (which were amazingly instant on Discord)

[anonymous-user]

audi321 said:

Thanks, yes I changed everything over to me with the help of Simplemining support (which were amazingly instant on Discord)

Looks like good spec rig, i would run it as it as it is. Yes you can run different type gpus same chipset(i think you can run different ones but becomes complicated), my 1st rig did. I wouldn't worry about failing just keep a eye on fans. Just watch in the summer. if you have free electricity you can get an aircon unit for 200 quid for piece of mind.

Edited by anonymous-user on Sunday 21st February 00:21

[halo34]

Is there a simple way to move coins from binance over to coinbase? Some of the easier to mine coins arent traded on there

[Jim1064]

Jim1064 said:

audi321 said:

Right guys, so I bought my first rig that I mentioned on the previous page. It is a 6 x GTX Geforce 1080 ti 11gb rig.

Was originally bought from Easycryptohunter.com (for I believe £10k) I picked it up for £4.5k.

I stayed with the OS which the previous owner had on it (Simplemining) and it seems to be running quite nicely (1 of the fans isn't running), and I went with Phoenixminer5.4 (but it seems to be linked to ethermine.org? - is this the EU variant?).

I'm not sure how often it deposits the ETH into my Coinbase wallet, but after 24 hours running, I have apparently got the equivalent of about £20 (according to ethermine.org's dashboard) and am running at 208MH/S.

Simplemining says all the GPUs are running at around 65 degrees, and fans at 100%. I'm not sure how to overclock this (is it worth it?). I don't pay for the electric, so power consumption isn't relevant to me.

Does what I say above sound right? This is the first time I've done this kind of thing, and it's kind of a punt with a bonus from work rather than an ISA lol. Has anyone any recommendations of what I should be doing to enhance any returns, or just leave it running and forget about it? I am worried about GPU failures as I believe the GPUs are now not sold anymore, will any similar spec card just plug and play?

I'm running between 80 and 90 MH/s and am making around €9/hr so your numbers make sense (to me at least) - for now the earning rate for ETH is your MH/s divided by ten.

Sorry - per day that should be.

[Steven_RW]

anxious_ant said:

According to my Kasa enery monitor the power draw is 458W which is a bit high. I've already set the power limit in MSI Afterburner to 80% so might reduce that further. At the moment it's reporting 0.00019584 BTC / 24h or around €8.82 / 24h.
Fans are running at around 90-100% , GPU temp 58C. Probably some tuning to be done, as not too happy with the stats so far.
I probably won't run this over 24 hours with fans at 100%.

I cannot remember what gpu you said you had? I assuming a 3090?

A 3090 should be able to produce around 120 MH/s for around 300 watts. I have a friend using one at the moment to etherium mine and thos are his numbers. Maybe even as high as 125 MH/s

You need to tweek up the memory speed, down the core speed and pull the power level right down.

If you confirm it is a 3090 you are using, I can get him to provide his exact settings for a quick guide. 458w is wasted electric costs, plus the exta 150 watts manifests itself as extra heat you need to get rid off, meaning more noise from the fans.

RW

[anxious_ant]

Steven_RW said:

anxious_ant said:

According to my Kasa enery monitor the power draw is 458W which is a bit high. I've already set the power limit in MSI Afterburner to 80% so might reduce that further. At the moment it's reporting 0.00019584 BTC / 24h or around €8.82 / 24h.
Fans are running at around 90-100% , GPU temp 58C. Probably some tuning to be done, as not too happy with the stats so far.
I probably won't run this over 24 hours with fans at 100%.

I cannot remember what gpu you said you had? I assuming a 3090?

A 3090 should be able to produce around 120 MH/s for around 300 watts. I have a friend using one at the moment to etherium mine and thos are his numbers. Maybe even as high as 125 MH/s

You need to tweek up the memory speed, down the core speed and pull the power level right down.

If you confirm it is a 3090 you are using, I can get him to provide his exact settings for a quick guide. 458w is wasted electric costs, plus the exta 150 watts manifests itself as extra heat you need to get rid off, meaning more noise from the fans.

RW

Yes, it's the MSI RTX 3090. I've already set Afterburner settings as per Nicehash guide.
Highest mining rate I've seen it about 110 MH/s.
Fans are always at 100% though, otherwise the VRAM heat throttling will kick in.
I ran it for 24 hours non-stop and so far in my wallet I have about 12 euros. According to my current rate (current provider went bust, OFCOM assigned me to EDF but heard nothing back yet) @ 0.1324p/kHh after costs my margin is about 10 euros per day.

[fourstardan]

How much wear and tear is being put on PC's being on 24x7x365?

Can't imagine you'll be doing it much favours in the height of summer.

[Mattt]

fourstardan said:

How much wear and tear is being put on PC's being on 24x7x365?

Can't imagine you'll be doing it much favours in the height of summer.

Running 24/7 at cool temperatures is fine, it’s more of an issue for the circuits to go through thermal cycles on/off/on/off.

[anonymous-user]

fourstardan said:

How much wear and tear is being put on PC's being on 24x7x365?

Can't imagine you'll be doing it much favours in the height of summer.

Server farms run for years...

Temp is key for long term or even short.

Edited by anonymous-user on Sunday 21st February 23:44

[hyphen]

fourstardan said:

How much wear and tear is being put on PC's being on 24x7x365?

Can't imagine you'll be doing it much favours in the height of summer.

Does wear and tear matter? To replace the worn out component with the same item in 3 years will cost a lot less then it did at the time, as will have been superceded.

[Steven_RW]

anxious_ant said:

Yes, it's the MSI RTX 3090. I've already set Afterburner settings as per Nicehash guide.
Highest mining rate I've seen it about 110 MH/s.
Fans are always at 100% though, otherwise the VRAM heat throttling will kick in.
I ran it for 24 hours non-stop and so far in my wallet I have about 12 euros. According to my current rate (current provider went bust, OFCOM assigned me to EDF but heard nothing back yet) @ 0.1324p/kHh after costs my margin is about 10 euros per day.

I agree with everything else you are saying. I just want to say that you want to be aiming for 300 watts power draw. Not the 450w ish that you mentioned initially (see link below and quote below which align to exactly what my friend is experiencing with his 3090). Maybe you already have pulled the power limit down but it was what stood out for me. He also has the same challenge with the memory temperature and we are building plans for the solution.

My 2080ti was running at 61.x MH/s and 250watts. We messed around with all the settings and managed to maintain the same 61.x MH/s but it is using only 140w which again massively reduces the heat the card is producing as well as saving costs.

https://www.nicehash.com/blog/post/nvidia-geforce-...

"The current hashrate is maxed out at 120 MH/s with a +1350 memory clock and a 100% power limit. The GPU is consuming 300W of power. If the power limit is lowered, the hashrates starts to drop dramatically. "

[anxious_ant]

Steven_RW said:

I agree with everything else you are saying. I just want to say that you want to be aiming for 300 watts power draw. Not the 450w ish that you mentioned initially (see link below and quote below which align to exactly what my friend is experiencing with his 3090). Maybe you already have pulled the power limit down but it was what stood out for me. He also has the same challenge with the memory temperature and we are building plans for the solution.

My 2080ti was running at 61.x MH/s and 250watts. We messed around with all the settings and managed to maintain the same 61.x MH/s but it is using only 140w which again massively reduces the heat the card is producing as well as saving costs.

https://www.nicehash.com/blog/post/nvidia-geforce-...

"The current hashrate is maxed out at 120 MH/s with a +1350 memory clock and a 100% power limit. The GPU is consuming 300W of power. If the power limit is lowered, the hashrates starts to drop dramatically. "

Thanks, I will have a look. I have to say th 450W would include draw from CPU as well. This is the reading from the smart plug energy monitor. I suppose I can take the readings from GPUz, which is closert to 300W I think. I will keep an eye next time I plan to mine again. I've been playing AC Valhalla lately

[Steven_RW]

That makes more sense. I am talking specifically about the GPU. The mining software usually reports the watts that the card is using alone.

Most GPU overclocking software such as MSi afterburner or Zotac firestorm or EVGA Precision Z will also tell you the GPU power draw.

Cheers and good luck.

RW

[lost in espace]

Going to give this a go with my son's gaming PC, will stick Nicehash on there.

I have seen a few mining rigs around £11/13k is it realistic to expect payback of a year given current values. I have Octopus Agile which helps!