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Hi,

 

I'm looking for a good crypto currency to mine. I'm new here so I'm not familiar with this yet.

 

So far, here's my system specs (my current gaming rig):
Processor: AMD Ryzen R5 3600

RAM: 2x 8GB DDR4 3600MHz RAM

GPU: Gigabyte RX Vega 64 Gaming OC

SSD: Kingston A400 2.5inch SATA 1TB, free space about 500GB

HDD: Seagate Barracuda 3.5 inch SATA 2TB (SMR), free space 800GB

HDD: Toshiba X300 3.5 inch SATA 4TB (CMR), free space 600GB

 

I wonder if my system is worth for the operation.

 

Regards,

Chiyawa

I have ASD (Autism Spectrum Disorder). More info: https://en.wikipedia.org/wiki/Autism_spectrum

 

I apologies if my comments or post offends you in any way, or if my rage got a little too far. I'll try my best to make my post as non-offensive as much as possible.

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It's not worth mining with your computer. After paying for electricity at best you'd make the equivalent of a few dollars at the end of the month nut it would take you several months to earn the minimum to get a payment transferable to you (if you don't use a service like nicehash).

these days, you need multiple video cards or specializing mining hardware (ASICs) to coin something in a  reasonable time.

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@mariushm@Eigenvektor

 

Thanks for your input.

 

Yeah, in my area, electricity rate increases the more you use, so it's hard to calculate.

 

Anyway, what about Internet? I'm sure mining operation needs it, right? How much will it consume?

I have ASD (Autism Spectrum Disorder). More info: https://en.wikipedia.org/wiki/Autism_spectrum

 

I apologies if my comments or post offends you in any way, or if my rage got a little too far. I'll try my best to make my post as non-offensive as much as possible.

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3 hours ago, Chiyawa said:

I'm looking for a good crypto currency to mine.

Mine Monero using MoneroOcean's algo-switching software. I used to make around 0.05XMR(18$ at that time, XMR was around 400$) before electricity costs every fortnight with my gaming rig, despite my 3GB graphics card - you'd probably make more than that.

Desktop build : Ryzen 5 3600 (O/C to 4Ghz all-core) | Gigabyte B450M-DS3H | 16GB DDR4-2400 Crucial(O/C to 2667) | 3GB Zotac GTX 1060 Mini (O/C) | CoolerMaster MWE 650 Gold

                        

Laptop : ASUS ROG Strix G17 : i7-10750H, 16GB RAM, Geforce 1660Ti 6GB(80W), 512GB SSD

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6 minutes ago, Chiyawa said:

Anyway, what about Internet? I'm sure mining operation needs it, right? How much will it consume?

You mean in terms of bandwidth?

 

On this one page from Nicehash they're citing around 50-70 MB per day for a machine with 6 GPUs. I don't know how this scales per GPU, but I'd maybe calculate with 50 MB per day?

 

~edit: I've found another page that says they had around 75 MB per day for Ethereum:  https://gpu0.com/how-much-internet-bandwidth-does-a-mining-rig-use/

Remember to quote or @mention others, so they are notified of your reply

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@Eigenvektor

 

Okay, noted. Thank you for the info.

I have ASD (Autism Spectrum Disorder). More info: https://en.wikipedia.org/wiki/Autism_spectrum

 

I apologies if my comments or post offends you in any way, or if my rage got a little too far. I'll try my best to make my post as non-offensive as much as possible.

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29 minutes ago, Chiyawa said:

Yeah, in my area, electricity rate increases the more you use, so it's hard to calculate.

Just take the highest value which is rm0.57 per kwh I think

My PCs: Desky | Beddie | Miney | Benchie

Things I need help with: (nothing at the moment)

Spoiler

none atm

I hate Intel's pricing, Ryzen's weird quirks, Nvidia's pricing, and Radeon GPUs in general

Spoiler

Products I like:

Spoiler

Sony Xperia Z1 / Z2 / 10 ii, Asus Strix 970 / 1070, Samsung SSD, WD HDD, Corsair PSUs (AX, RM, CX(grey)), GeForce GPU, NZXT N450/S340, be quiet! Coolers, G.Skill Trident RAM, Logitech M525, Logitech G440, Razer Deathadder Elite

Products I hate:

Spoiler

Xperia Z3, XiaoMi 5c, Radeon GPUs, Razer Audio Products, any bloatwares

Companies I absolutely adore: (and hope it stays that way)

Spoiler

be quiet! - sent me AM4 mounting for my DRP3 even though it's way past the timeframe stated, no questions asked

Corsair - very good RMA experience, absolutely recommend

Companies I hate:

Spoiler

Nvidia, Intel, Apple, TMT (Thundermatch, a retailer)

Personal Blacklisted Companies:

Spoiler

Acer: shit tier quality products, shit tier customer service thus far, they "tried" to solve my issue but they arent really doing anything but delaying and delaying. (on-going case since July)

Gigabyte: horrible customer service (gigabyte had literally 0 customer service, asked me to go to retailer with NO WAY to email them about a question) but at least they fixed my shit in ONE MONTH (would probably take me 1 hour to fix if they let me email them)

XiaoMi Phones: built like a tank but the software is buggy as all hell

Seagate HDD: had too many dead seagate drives

Kingston SSD: 300V controller swap thingy

Razer (except their mouse)

Remember, just because I had good/bad experiences with these companies/product, doesn't mean you will have similar experiences too. I would still recommend these products if they made sense for your needs, but I'll add a disclaimer of my experience if it's relevant. Feel free to DM me asking why they are where they are.

 

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2 minutes ago, Moonzy said:

Just take the highest value which is rm0.57 per kwh I think

If I use the mining calculator and enter $0 per kWh, it tells me the card should earn approximately 3.02 USD/day. If I enter $1/kWh, earnings drop to -2.27 USD/day.

 

The difference between 3.02 USD/day and -2.27 USD/day is 5.29 USD. Since I was using $1/kWh that means the card should be using around 5.29 kWh/day or around 160 kWh per month. Maybe you can use this value to estimate the average cost per kWh you'd have to pay with your provider.

 

If energy price is 0.57 as Moonzy said, earnings would drop to $0.02 per day.

Remember to quote or @mention others, so they are notified of your reply

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10 minutes ago, Eigenvektor said:

energy price is 0.57 as Moonzy said, earnings would drop to $0.02 per day.

That's in MYR, our local currency, which is around 0.14 USD or so

 

If you click on the gear icon beside the GPU, you can see about how much power it'll consume, multiply it by 0.72 (24*30/1000) and you should get monthly kwh

 

Of course, this is only the GPU, there's system idle and psu efficiency too

My PCs: Desky | Beddie | Miney | Benchie

Things I need help with: (nothing at the moment)

Spoiler

none atm

I hate Intel's pricing, Ryzen's weird quirks, Nvidia's pricing, and Radeon GPUs in general

Spoiler

Products I like:

Spoiler

Sony Xperia Z1 / Z2 / 10 ii, Asus Strix 970 / 1070, Samsung SSD, WD HDD, Corsair PSUs (AX, RM, CX(grey)), GeForce GPU, NZXT N450/S340, be quiet! Coolers, G.Skill Trident RAM, Logitech M525, Logitech G440, Razer Deathadder Elite

Products I hate:

Spoiler

Xperia Z3, XiaoMi 5c, Radeon GPUs, Razer Audio Products, any bloatwares

Companies I absolutely adore: (and hope it stays that way)

Spoiler

be quiet! - sent me AM4 mounting for my DRP3 even though it's way past the timeframe stated, no questions asked

Corsair - very good RMA experience, absolutely recommend

Companies I hate:

Spoiler

Nvidia, Intel, Apple, TMT (Thundermatch, a retailer)

Personal Blacklisted Companies:

Spoiler

Acer: shit tier quality products, shit tier customer service thus far, they "tried" to solve my issue but they arent really doing anything but delaying and delaying. (on-going case since July)

Gigabyte: horrible customer service (gigabyte had literally 0 customer service, asked me to go to retailer with NO WAY to email them about a question) but at least they fixed my shit in ONE MONTH (would probably take me 1 hour to fix if they let me email them)

XiaoMi Phones: built like a tank but the software is buggy as all hell

Seagate HDD: had too many dead seagate drives

Kingston SSD: 300V controller swap thingy

Razer (except their mouse)

Remember, just because I had good/bad experiences with these companies/product, doesn't mean you will have similar experiences too. I would still recommend these products if they made sense for your needs, but I'll add a disclaimer of my experience if it's relevant. Feel free to DM me asking why they are where they are.

 

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2 minutes ago, Moonzy said:

That's in MYR, our local currency, which is around 0.14 USD or so

Gotcha, didn't know Mars used MYR 😛

 

I was thinking the site showed power draw somewhere, but for some reason I couldn't find it. Good to know they don't include system power draw, so that's something to watch out for as well.

Remember to quote or @mention others, so they are notified of your reply

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The real kicker is how the market may fluctuate also if you don't cash out and how you use the crypto

 

You could be break even and the market is on a bull run and suddenly you're hugely profitable or in a bear market or crypto winter you could go from being up initially to in the red as the value wipes.

 

You also get changes in difficulty, total hash rate and transaction count that can vary how profitable it is also.

 

There are various options with the crypto say staking, savings, liquidity pools and so on. Stablecoins can hedge against fluctuations.

 

Long term mining may be on the way out as some of the top alt coins are now proof of stake and ETH 2.0 is coming

 

 

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@artuc

 

Yes, definitely a risky business when it comes to crypto currencies, including mining. I was thinking of the risk as well, but since my gaming PC was like off for the most time, I think I can convert it into a small cash cache over time. Still, I just want a stable cryptocurrency mining, but it proves that even mining has its risk.

 

But with that said, I think I'll put mining on hold for a while as I'm still researching for the best option available.

 

@Moonzy

Yeah, my GPU, when running a high intensive game could hog about 300W of power, total power draw from the socket could reach close to 600W. I do really need to take into account of that as well.

 

Oh, I didn't realised you have changed your profile picture. I used to see your old picture having a cat slap on the girl's forehead.

I have ASD (Autism Spectrum Disorder). More info: https://en.wikipedia.org/wiki/Autism_spectrum

 

I apologies if my comments or post offends you in any way, or if my rage got a little too far. I'll try my best to make my post as non-offensive as much as possible.

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On 6/11/2021 at 3:59 PM, Chiyawa said:

Still, I just want a stable cryptocurrency mining, but it proves that even mining has its risk.

 

But with that said, I think I'll put mining on hold for a while as I'm still researching for the best option available.

 

Well the mining itself can be profitable, it's the crypto that is volatile. 

 

I think it depends on your power draw mainly, my 1660S is profitable, makes at least a few dollars a day profit, but it is a very power efficient card.

 

I still am gambling somewhat on what I choose to then 'invest' my mining profits on, I have put in a small chunk of change as well usually to just meet some minimums or move things around.

 

I think if the numbers crunch out at breakeven or better I'd personally probably still mine, however if it's effectively deeply negative you'd be better off just buying small amounts of crypto directly if you're dabbling and not bother with mining.

 

Potentially just do a test run for a week or so and see how power draw, temps etc. are, how much you're actually mining, hashrate and so on. Then make an informed decision on those numbers and see if you want to proceed.

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