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Mining for Noobsstealing electricity 101

Discussion in 'Cryptoshekels' started by CrunkLord420, Nov 1, 2017.

  1. I'm not aware of anything, but I've never used that specific card. The power supply used is often more important than the motherboard of chassis, so consider that.
     
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  2. So I'm a little curious about Gridcoin because I think a cryptocurrency based around BOINC is interesting and valuable. I know most mining gives rewards based on proof of work, but how does proof of stake and proof of research work differ and does it have big differences in required hardware? I just like the idea of getting some digital monopoly money for folding at home.
     
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  3. PoS is stuff like Dash masternodes, but Dash also has X11 mining. The folding stuff is just PoW plus some folding data, it doesn't really make sense from a blockchain security perspective but people like the idea of useful hashrate.
     
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    neger psykolog

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  4. Very good article. Of course, I've been saying this too, but I didn't have the technical knowledge or inside information to basically prove it.

    I'd bet the vast majority of anyone who actually did manage to eke out a profit with GPU mining in the last couple years did it during the huge run-up in price and that it would be virtually impossible to turn a profit doing this now.
     
    AnOminous

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  5. The GPU mining side of things is still relatively small. There are large numbers of people who have bought ASICs and other miners and this article reveals to what extent the game is rigged.

    I'm kind of divided on it, on one hand making the system "fair" is a nice thing but on the other hand if you try to restrict innovation then its as good as saying "why don't we just keep using dial up internet"

    I don't have "free" electricity but its included in my rental money and if I use a lot more than what I normally do it doesn't matter. Even with 2 1080 TIs its simply not worth mining even when I'm not using my PC because the current profitability is like $1 a day.
     
    neger psykolog

    neger psykolog moon goons for communism detection
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  6. Why is a dollar a day not worth mining?
     
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  7. It used to be much bigger. It's going to continue shrinking as it is completely unsustainable. There were enough idiots buying GPUs to mine various cryptocurrencies that it drove the price of the ones gamers use through the roof, and gaming-oriented GPUs are far from niche. The gamers who threw shit fits about this will be pleased if most of those people turn out losing money.
     
    AnOminous

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  8. Noob question: will mining ruin my hardware? I know if it gets too hot (~80C IIRC?), it can damage things, but what if i keep it under that threshold and just mine nonstop? Monero specifically.
     
    wylfım

    wylfım Lost in an endless void of stupid.

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  9. I've never had any hardware damaged. People get issues from abused power supplies blowing up. I suspect most problems that develop in video cards during mining were factory defects that were only revealed with high temps, which is why people have used "Burn In" software on new hardware for decades.
     
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  10. Underclock where appropriate
     
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    Lesbian Sleepover

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  11. Barring a unit that was defective in the first place, running at 80 C shouldn't damage a typical video card. For a lot of cards (especially from before the newest generation of cards which have had a lot of emphasis put on efficiency) that's a completely normal temperature. It's not till you hit 90 or better that temperature can become a problem for certain cards. On any card made in the past couple years, their coolers are good enough that 90 C shouldn't even happen unless you've got bad airflow. Older cards can usually go higher than that, and it wasn't that long ago that running an r9 290 at 95C was completely normal, but you shouldn't be mining with those cards unless you intend to use them as space heaters.

    It's a common misconception that computer hardware performance can degrade over its lifespan, but that's only true of hard drives. (And even then it's more likely bloated old software slowing it down than the disk itself). For GPUs, the only thing you might break from mining are the fans, but those are cheap and easy to fix.
     
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    Un Platano

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  12. I can't run xmrig to mine monero on my windows 10 PC. The security keeps trying to block it.
     
    Sexy Potoo

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  13. Have you tried running it as administrator? Sorry I don't use botnet operating systems.
     
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  14. If you want a quick and easy Windows-based GPU + CPU miner for XMR, Minergate.com is a decent solution. Download their win64 software and edit the batch file to include GPU mining with a sting like:
    minergate-cli --user email@email.com --gpu --xmr 2

    If you're really new to things, they also have GUI software which all you have to do is enter your email address.
     
    Leo Bonhart

    Leo Bonhart Words of truth are not pleasing.
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  15. Minergate has a reputation for doing shady stuff, and basically underpaying their miners.
     
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