ETH mining 101

[anxious_ant]

Sorry for the silly questions but what does Nicehash get out of this? I am guessing they are taking a cut from the mined profits?
I've dabbled in mining 10 years ago and it wasn't an easy as what Nicehash provides, I especially love the app and reporting features.

[Steven_RW]

My understanding is that nice hash and the pool take their cut. I think it is 1% of all revenue produced using their pool.

[anonymous-user]

Steven_RW said:

My understanding is that nice hash and the pool take their cut. I think it is 1% of all revenue produced using their pool.

yes pools can very though. You can solo mine if you wanted but not worth it unless you have massive hash.

The good thing is Nicehash will automatically switch to the most profitable coin.

[Steven_RW]

The Spruce Goose said:

Steven_RW said:

My understanding is that nice hash and the pool take their cut. I think it is 1% of all revenue produced using their pool.

yes pools can very though. You can solo mine if you wanted but not worth it unless you have massive hash.

The good thing is Nicehash will automatically switch to the most profitable coin.

Interesting thanks.

I'm a bit of a mining noob having just received my first pay our this afternoon. I use a miner called t-rex and I mine for the Ethermine pool. You probably know all this but here is a summary of Ethermine.

"Ethermine is the most popular Ethereum mining pool, allows for anonymous mining with a real time PPLNS payout scheme. The pool prides itself with instant payouts as soon as the payout threshold has been met (minimum 0.05 ETH). The pool has a 1% fee and pays out for block rewards and fees as well. You can also mine Ethereum Classic, Zcash, Beam, Ravencoin and Ycash with Ethermine."

[anonymous-user]

The are advanced ways of mining that are bit more risky but offer better rewards.

you can mine st coins yourself, but risky. Nicehash is mine and forget.

As a hobby it can be interested to spend a day having a go yourself on another coin, but you need an exchange account etc so is more hassle.

[Rojibo]

I think the nice thing about NiceHash, is that it gets people into mining easily and they see actual payouts much sooner than they would another pool. I wonder how many go on from NiceHash to a different pool?

Anyway, gas fees seem high at the minute.

[doolie]

Thanks to this thread (and posters), I've put to work a couple of PCs in the house, running fairly conservative settings in afterburner to minimize electric costs and running temps. Some really useful information for a mining noob like me.

- 1060 GTX 6GB
- RX590

Using nicehash (as has been said, a doddle to setup) and seeing returns of 40-45MH/s across the two.

[Jim1064]

I have accumulated my first ETH in Mycripto - just over 0.05 ETH, worth around £50.

How do I now convert that into £ in my bank account?

[anonymous-user]

Jim1064 said:

I have accumulated my first ETH in Mycripto - just over 0.05 ETH, worth around £50.

How do I now convert that into £ in my bank account?

with gas fees so high i would wait. But send it to coinbase or suchlike. end up with about 46 after cots usually.

[loudlashadjuster]

Finally got my 3070 and have set up Nicehash to try and recuperate some of the outlay.

I dropped a 1650 out of the machine when I fitted it, but I'm thinking I might as well pop it back in, seems to add another 12-14 MH/s to the 61-odd the 3070 is managing.

[anonymous-user]

loudlashadjuster said:

the 61-odd the 3070 is managing.

61 sounds good any oc settings?

[loudlashadjuster]

The Spruce Goose said:

61 sounds good any oc settings?

It's a Zotac Holo

Memory +1300-odd
Clock -300
Target temp 60C

I just googled what the approach should be and played around with it a bit, it's probably not 100% optimal but I doubt there's much more to be had, especially considering different algorithms might favour different settings and it can change at any time.

Anyway, it's really quiet and my PC runs 24/7 anyway so I'm happy to just leave it running.

[anxious_ant]

loudlashadjuster said:

The Spruce Goose said:

61 sounds good any oc settings?

It's a Zotac Holo

Memory +1300-odd
Clock -300
Target temp 60C

I just googled what the approach should be and played around with it a bit, it's probably not 100% optimal but I doubt there's much more to be had, especially considering different algorithms might favour different settings and it can change at any time.

Anyway, it's really quiet and my PC runs 24/7 anyway so I'm happy to just leave it running.

How's your fans? Fan on my 3090 is almost always at 100%. The GPU temp (GPUZ) is reported to be about 60C so I guess it's the VRAM chips that are running hot. Decent mining rates though, get about 100MH/s, but not sure if I want to leave it 24/7 with fans at 100%.
It would also be interesting to monitor the temps when the weather gets warmer.

[loudlashadjuster]

anxious_ant said:

How's your fans?

Case fans are spinning, but barely audible. It's quieter than when the 1650 was in there!

Edited by loudlashadjuster on Friday 26th February 13:41

[anxious_ant]

loudlashadjuster said:

anxious_ant said:

How's your fans?

Case fans are spinning, but barely audible. It's quieter than when the 1650 was in there!

Edited by loudlashadjuster on Friday 26th February 13:41

Lucky you! Mine is almost always at 100%. All windows opened so the ambient temps are around 18C.
Maybe I need to improve the circulation in my case.

[Steven_RW]

anxious_ant said:

Lucky you! Mine is almost always at 100%. All windows opened so the ambient temps are around 18C.
Maybe I need to improve the circulation in my case.

3090 VRAM temps are such a common topic for miners.

My friend who is running his took the side off his case, pointed two extra 120mm fans just at the top of the gpu from outside the case and is about to take off the back plate, add better thermal pads and then put a heatsink on to the backplate aswell.

I am sure you will have already read up but there are ways around it to take it off the thermal limit of memory t-junction.

RW

[anxious_ant]

Steven_RW said:

3090 VRAM temps are such a common topic for miners.

My friend who is running his took the side off his case, pointed two extra 120mm fans just at the top of the gpu from outside the case and is about to take off the back plate, add better thermal pads and then put a heatsink on to the backplate aswell.

I am sure you will have already read up but there are ways around it to take it off the thermal limit of memory t-junction.

RW

Yes, there is a very nice guide on NiceHash. I don't hit the memory thermal limits if I run the fans at max speed.
Future plan is to consider water cooling the 3090.

[anonymous-user]

bought a 3060ti could only get one, but 57.5 Mh at 115w, 58 Degrees are great numbers i think.

[Rojibo]

Got my founders edition 3070 that came today “installed” in my abomination of a mining rig. I will continue to keep a lookout for more reasonably priced cards to add to it. Missed out on the 3080 FE this morning as I was taking delivery of the 3070

[loudlashadjuster]

Sweet rig