Nvidia cryptocurrecy mining system

[NumLock21]

21 minutes ago, AlwaysFSX said:

Point flew over your head like a 747.

I say it's more like a B52 stealth bomber.

 

[themctipers]

if its 6 gpus it's 6 1070s

if its 7 gpus its 7 1060s

 

... with sols.

[rawrdaysgoby]

21 minutes ago, AlwaysFSX said:

Point flew over your head like a 747.

It might have, I might have skipped the backlog of what you guys discussed... Oh wells

 

[AlwaysFSX]

4 minutes ago, NumLock21 said:

I say it's more like a B52 stealth bomber.

 

nyoom

[NumLock21]

2 minutes ago, AlwaysFSX said:

nyoom

Can't hear it or see if it has the world stealth in its name.

 

[rawrdaysgoby]

12 minutes ago, tlink said:

that doesn't oppose what they said. a company isn't worth anything unless value is assigned. how is value assigned in a free market system? demand and supply. the system relies on the principle that if something isn't in demand it isn't wanted and thus doesn't have value.

you are correct, but still a lot of them companies own land and physical stationary assets, not just digital ones and stuff that are often traded. So even if it all comes crashing down.... you still retain something leftover even if it is crap lol...

[tlink]

1 minute ago, rawrdaysgoby said:

you are correct, but still a lot of them companies own land and physical stationary assets, not just digital ones and stuff that are often traded. So even if it all comes crashing down.... you still retain something leftover even if it is crap lol...

yes but what remains still doesn't hold any value if you yourself or anybody else has no demand for it atleast as the free market system dictates it.

[SpaceGhostC2C]

36 minutes ago, tlink said:

that doesn't oppose what they said. a company isn't worth anything unless value is assigned. how is value assigned in a free market system? demand and supply. the system relies on the principle that if something isn't in demand it isn't wanted and thus doesn't have value.

That is still not true: the assets if the company, and its ability to produce goods, are not entirely dependent on demand - you can consume the goods produced without trading with anyone.

Of course, the value of the firm's production is much higher when it can be traded with others, but the point remains that the value of a company is not 100% fiat based as the value of currency is (in the jargon, its valued its linked to its "fundamentals", something a currency, traditional or crypto-, lacks).

[SansVarnic]

10 years ago this would have been useful but today ... well crypto-mining can be more give than received.

I await to see if this produces decent enough yields to be worth the investment.

[79wjd]

53 minutes ago, NumLock21 said:

I say it's more like a B52 stealth bomber.

The B2 is the stealth bomber, the B52 is....well, not stealth. 

[tlink]

28 minutes ago, SpaceGhostC2C said:

That is still not true: the assets if the company, and its ability to produce goods, are not entirely dependent on demand - you can consume the goods produced without trading with anyone.

Of course, the value of the firm's production is much higher when it can be traded with others, but the point remains that the value of a company is not 100% fiat based as the value of currency is (in the jargon, its valued its linked to its "fundamentals", something a currency, traditional or crypto-, lacks).

if you consume the goods yourself than you are the demand.

[SansVarnic]

@NumLock21

@djdwosk97

[All images click to enlarge]

 

B-52 Stratofortress Bomber;

 

B-1 Lancer (stealth);

 

B-2 Spirit (stealth);

 

 

B-1, B-2 & B-52 in formation together.

[paddy-stone]

8 hours ago, Teddy07 said:

depends on the coin and your electricity costs per kw/h. I can tell you that it is not profitable here in Germany because I have to pay 0,23 cent per kw/h

Surely you mean 23 cents or 0.23 Euros? as 0.23 cents would be very very cheap

 

 

[laminutederire]

8 hours ago, Teddy07 said:

depends on the coin and your electricity costs per kw/h. I can tell you that it is not profitable here in Germany because I have to pay 0,23 cent per kw/h

Come to France it's around 0,15 euros

[NumLock21]

1 hour ago, djdwosk97 said:

The B2 is the stealth bomber, the B52 is....well, not stealth. 

Oops, yes it's the b2 not b52

[RagnarokDel]

12 hours ago, Teddy07 said:

depends on the coin and your electricity costs per kw/h. I can tell you that it is not profitable here in Germany because I have to pay 0,23 cent per kw/h

If you were to pay 0.23 cent per kwh, you could mine with a gtx 480 and still be profitable

[SCHISCHKA]

I suspect there is a business case for these outside of speculation value of Bitcoin and alt coins. There are a few start ups looking for alternative uses of block chain. Anything that requires an honest ledger can benefit. I'm thinking preventing carbon credit fraud and entertainment ticket scalping/fraud. But which big corporation is has said to Nvidia, we want to purchase x amount of your hardware for our block chain tech?

[Ithanul]

13 hours ago, Nicnac said:

Would make an awesome f@h rig though!?

That is what I am wondering about.  If these cards can still do F@H and BOINC, I be temped to mess with some.

Especially once miners want to sell them off for cheap.

[crystal6tak]

13 hours ago, mynameisjuan said:

Can someone tell me how profitable mining still is to justify this?

Eh, I'd say going on a reputable exchange and buying coins directly is a safer method to profit from crpytocurrency.

 

If you time it right, you get profit within weeks, and you get to pull out as soon as you want when you're uncomfortable (instead of having to deal with all the hardware).

 

Sure you may not make as much profit in the long run by investing directly (compared to mining), but I'd say it's worth it to stay on the safer side.

 

On topic though, could this be used for other purpose like a render farm? On another thread it's said these will have better performance/cost ratio than regular cards. If yes then these would be an interesting cheaper option for those looking for compute performance and are willing to risk not having warranty.

[NumLock21]

I updated the OP with a new pic.

[2FA]

Going off the hash rates given in the graphic, a single one of these can generate up to $12k on Ethereum annually, $9k on Zcash annually, and $4.5k on Monero annually (assuming current mining conditions, ie price and difficulty).

 

EDIT: That's with a power cost of $0.12/kWh.

[79wjd]

2 hours ago, RagnarokDel said:

If you were to pay 0.23 cent per kwh, you could mine with a gtx 480 and still be profitable

Not even a free 480 would be profitable after the gas guzzler tax.

[Teddy07]

6 hours ago, paddy-stone said:

Surely you mean 23 cents or 0.23 Euros? as 0.23 cents would be very very cheap

 

Yes, I meant 0,23 euro kw/h. My mistake

 

2 hours ago, RagnarokDel said:

If you were to pay 0.23 cent per kwh, you could mine with a gtx 480 and still be profitable

6 hours ago, laminutederire said:

Come to France it's around 0,15 euros

 

[Simon771]

But that's the profit you would be making now.

ZCash is unstable. It was at 30$ for ZEC, and now jumped over 200$ again.

It won't take long before it goes down to something like 30$ again.

[Space Reptile]

15 hours ago, kiska3 said:

I see...... But the thing is these miners will push the limits of these cards, so they may as well be dead?

i have yet to break a Card w/ mining , if you know what you are doing and give em proper temp Limits and voltages the Cards wont die , all that will die is the fans , but the Quality of modern gpu fans is shit anyways so it makes no diff