Life after mining?

[ablearcher]

New Guy here. Context: I have 3 6 GPU mining rigs I built last summer for altcoin mining. The rigs I have are from these instructions with Z270-As and nvidia 1070s. I'm not running Windows like they are though.

 

The hardware is all paid off, but profits are getting thinner every day. Here's the mining alternatives that I have heard people doing so far:

• Folding - which I just started to learn about today 
• Selling GPU time for rendering jobs - there seems to be more talk about this than actual activity
• Continue Mining - this is what I'm currently doing
• Sell the Mining Rig - sell the hardware while it still has some value (especially since it has paid for itself and then some).

 

What are the miners here leaning towards?

[hconverse02]

Sell the parts individually, but around or less than msrp so they actually get bought

[GOTSpectrum]

I'd really like too see you put a few of those cards on f@h, use them to help humanity. I say sell 12-15 and use the remainder to help out the folding team. We seem to be on an upward swing and I'd like to keep it going!

[ablearcher]

14 hours ago, hconverse02 said:

Sell the parts individually, but around or less than msrp so they actually get bought

Yeah - I've definitely seen people trying to sell used rig parts for way more than they are worth. Ridiculous.

[ablearcher]

13 hours ago, Ben Quigley said:

I'd really like too see you put a few of those cards on f@h, use them to help humanity. I say sell 12-15 and use the remainder to help out the folding team. We seem to be on an upward swing and I'd like to keep it going!

Definitely going to put some on f@h. Been reading up on it more this weekend. Very cool.

[Razor Blade]

If you're willing to donate your electricity to a cause, folding is a perfect way to do that.

 

If you're wanting to liquidate hardware just clean up the parts and sell the GPUs individually. You could set them for something like half MSRP + shipping on ebay to get interest and see where the bids take it. If it sells well you could continue listing them. Or do what some refurbish tech companies do and use the second chance offer system to sell the next highest bidders your additional cards. There are a lot of options.

 

Continue mining is always an option too.

 

Selling the whole mining rig IMO is the worst option. You'll likely get a lot of proverbial tire kickers and low ball offers for people wanting to part out your rig.

[Nicnac]

Life is not worth living after mining. You can hand me the gpus though.

 

jokes aside, folding is a great thing though, but you will need a full x16 pcie slot or at least x8 for it to fully utilize your gpu. depending on your setup (like x1 slots with riser cables) this might not work.

Projects like SETI@Home uses less bandwidth but still more than mining would so thats also an option maybe.

 

Selling is probably the most reasonable option while gpu shortage lasts.

[GOTSpectrum]

54 minutes ago, Nicnac said:

Life is not worth living after mining. You can hand me the gpus though.

 

jokes aside, folding is a great thing though, but you will need a full x16 pcie slot or at least x8 for it to fully utilize your gpu. depending on your setup (like x1 slots with riser cables) this might not work.

Projects like SETI@Home uses less bandwidth but still more than mining would so thats also an option maybe.

 

Selling is probably the most reasonable option while gpu shortage lasts.

Honestly I find over 1x risers and only see 10-15% hit on points, but power is also lower too.

[Nicnac]

16 minutes ago, Ben Quigley said:

Honestly I find over 1x risers and only see 10-15% hit on points, but power is also lower too.

that's interesting... I once tried with a 1060 in a x1 slot and it was more than 20% less performance...

[GOTSpectrum]

1 hour ago, Nicnac said:

that's interesting... I once tried with a 1060 in a x1 slot and it was more than 20% less performance...

I'm folding with Maxwell cards if that makes a difference. 

[palespartan]

On 5/19/2018 at 6:36 PM, ablearcher said:

New Guy here. Context: I have 3 6 GPU mining rigs I built last summer for altcoin mining. The rigs I have are from these instructions with Z270-As and nvidia 1070s. I'm not running Windows like they are though.

 

The hardware is all paid off, but profits are getting thinner every day. Here's the mining alternatives that I have heard people doing so far:

• Folding - which I just started to learn about today 
• Selling GPU time for rendering jobs - there seems to be more talk about this than actual activity
• Continue Mining - this is what I'm currently doing
• Sell the Mining Rig - sell the hardware while it still has some value (especially since it has paid for itself and then some).

 

What are the miners here leaning towards?

 

On 5/19/2018 at 7:53 PM, Ben Quigley said:

I'd really like too see you put a few of those cards on f@h, use them to help humanity. I say sell 12-15 and use the remainder to help out the folding team. We seem to be on an upward swing and I'd like to keep it going!

I would say sell everything off except for however many cards you can get running off of at least a 4x connection, below that you take a pretty good hit in production but I haven't really noticed much improvement above that (at lease with Maxwell or older). And then you can recoup funds with all the leftovers that you could sell. (best of both worlds I would think.)