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The Water Cooler
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Bitcoin tits up?
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<blockquote data-quote="NightShade" data-source="post: 3062443" data-attributes="member: 29706"><p>Sure I can use the video cards for a number of things they first and foremost are video cards.</p><p></p><p>Internet access yep, gotta have it but then again I have to have it already for a lot of other things I do and would have it even if I didn't mine the crypto.</p><p></p><p>There are a few different software packages out there that can be used and it depends on what algorithm you are working with. It doesn't really install it's basically an exe and can either be started with a bat script or often has a simple text file with settings. I currently use claymore and ewbf for the cards I have and equihash for the algorithm. I have FULL control over what I want to put my power behind, I can back something that has a low value with the hopes that it will go big or I can deal with something that is already big and try to squeeze out just a little bit. The coin I am working has only been out a year and it was not a fork from something existing but the last I looked it is trading for 488 per. You can run windows or a linux distro to mine with, some of the linux ones are a paid some are free. Most of the paid ones have a management interface that can be accessed from anywhere and they are simple to use so they are good for someone who doesn't understand what exactly they are doing. A good one for people who wouldn't understand a lot is <a href="https://simplemining.net/" target="_blank">https://simplemining.net/</a> the cost is two bucks per month</p><p></p><p>For anyone interested check out <a href="https://whattomine.com/" target="_blank">https://whattomine.com/</a> if you want to see what the chances are. For laughs plug in 1 RX 480 and 3 GTX 1080's and see what you come up with. Take the values for equihash and plug them in here <a href="https://whattomine.com/coins/166-zec-equihash" target="_blank">https://whattomine.com/coins/166-zec-equihash</a> If you are lazy try these 1940 hashrate, 510 power 3 percent pool fee. Now when my build on the current board is complete that would be closer to 3590 hashrate and 900 power with a 3 percent pool fee. In all honesty it probably costs more in fuel for most people, not including vehicle maintenance to make those amounts than my electricity costs are. Want to really pucker up, put 19 gtx1080's in and see what it does...</p><p></p><p>Bitcoin itself is very hard to break in to now as you have to drop a bunch of cash on an ASIC which has one purpose and can not be used for anything other than a limited number of algorithm's. It is MUCH cheaper to start with a video card. Most actually use GTX1070's but when I started they were not available but the 1080 was and I had the cash to buy it outright. My mining rig is worth about 1700 right now and I have about 600 cash invested into it and about 5 months worth of electricity which started closer to 15 per month and is now at 30 since I added more cards to it. I have however taken some cash out of it for little things here and there but without adding that in I have about 150 invested in electricity so lets call total investment 750. Even used each gtx1080 is worth at least 400 not including the current motherboard at 50 used, two sticks of ddr4 ram at about 20 each used, a pentium G 4560 at 60 used, the PSU I had already and would keep regardless. So I now have something worth more than my cash investment and it will only continue at this point to increase. </p><p></p><p>I will say this however, just because a coin is at the top of the list does not mean it will stay there. You also want to find something that has a decent market capacity and volume as it does no good to have five grand available when the volume is very low. This is also not for everyone, if you can't build and manage it yourself then you might be better off buying CD's or mutual funds. I personally will have no issue helping others out if they want to learn a little bit and will help build a mining rig for my standard build fee when setting up a computer which is 10%, that means if the hardware costs 700 to start off with I put it together for 70 bucks. After that you should be able to add your own graphics cards in to upgrade and expand.</p></blockquote><p></p>
[QUOTE="NightShade, post: 3062443, member: 29706"] Sure I can use the video cards for a number of things they first and foremost are video cards. Internet access yep, gotta have it but then again I have to have it already for a lot of other things I do and would have it even if I didn't mine the crypto. There are a few different software packages out there that can be used and it depends on what algorithm you are working with. It doesn't really install it's basically an exe and can either be started with a bat script or often has a simple text file with settings. I currently use claymore and ewbf for the cards I have and equihash for the algorithm. I have FULL control over what I want to put my power behind, I can back something that has a low value with the hopes that it will go big or I can deal with something that is already big and try to squeeze out just a little bit. The coin I am working has only been out a year and it was not a fork from something existing but the last I looked it is trading for 488 per. You can run windows or a linux distro to mine with, some of the linux ones are a paid some are free. Most of the paid ones have a management interface that can be accessed from anywhere and they are simple to use so they are good for someone who doesn't understand what exactly they are doing. A good one for people who wouldn't understand a lot is [URL]https://simplemining.net/[/URL] the cost is two bucks per month For anyone interested check out [URL]https://whattomine.com/[/URL] if you want to see what the chances are. For laughs plug in 1 RX 480 and 3 GTX 1080's and see what you come up with. Take the values for equihash and plug them in here [URL]https://whattomine.com/coins/166-zec-equihash[/URL] If you are lazy try these 1940 hashrate, 510 power 3 percent pool fee. Now when my build on the current board is complete that would be closer to 3590 hashrate and 900 power with a 3 percent pool fee. In all honesty it probably costs more in fuel for most people, not including vehicle maintenance to make those amounts than my electricity costs are. Want to really pucker up, put 19 gtx1080's in and see what it does... Bitcoin itself is very hard to break in to now as you have to drop a bunch of cash on an ASIC which has one purpose and can not be used for anything other than a limited number of algorithm's. It is MUCH cheaper to start with a video card. Most actually use GTX1070's but when I started they were not available but the 1080 was and I had the cash to buy it outright. My mining rig is worth about 1700 right now and I have about 600 cash invested into it and about 5 months worth of electricity which started closer to 15 per month and is now at 30 since I added more cards to it. I have however taken some cash out of it for little things here and there but without adding that in I have about 150 invested in electricity so lets call total investment 750. Even used each gtx1080 is worth at least 400 not including the current motherboard at 50 used, two sticks of ddr4 ram at about 20 each used, a pentium G 4560 at 60 used, the PSU I had already and would keep regardless. So I now have something worth more than my cash investment and it will only continue at this point to increase. I will say this however, just because a coin is at the top of the list does not mean it will stay there. You also want to find something that has a decent market capacity and volume as it does no good to have five grand available when the volume is very low. This is also not for everyone, if you can't build and manage it yourself then you might be better off buying CD's or mutual funds. I personally will have no issue helping others out if they want to learn a little bit and will help build a mining rig for my standard build fee when setting up a computer which is 10%, that means if the hardware costs 700 to start off with I put it together for 70 bucks. After that you should be able to add your own graphics cards in to upgrade and expand. [/QUOTE]
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