GPU Mining Last year I started a 200+ GPUs farn for ETH mining. What happened? |
- Last year I started a 200+ GPUs farn for ETH mining. What happened?
- CPU bottleneck?
- Mining and HODL or Mine and sell?
- 4GB Rx 580's time to sell? or...
- RX5700 GPU mining rig vs ASIC miner A10 for Ethereum mining !?
| Last year I started a 200+ GPUs farn for ETH mining. What happened? Posted: 05 Jun 2020 04:57 AM PDT Hey Guys, So last year around this time I started a post, (see here)(3-month update) about starting a fairly large GPU mining farm by myself. I wanted to share today what exactly happened, did I ROI? Did I quit? Market crash took out my farms profitability? It's complex but let's start the Journey. I want to start off by saying I absolutely love GPU mining and computer hardware. I'm a massive hardware tinkerer. For me Cryptocurrency mining was a fun, passionate way, to play with Graphics card, overclock, Achieve the best W/H ratio. I had come up with the plan for a 1 year(or less ROI) based off Ethereum price predictions and my ability to keep operating expenditures fairly low. I ran everything out of a garage of a house I bought on foreclosure. My friend, who was mining at the time, help setup the infrastructure to run it. He eventually wanted out and I bought his equipment. The total investment for GPUs was $20,000. Infrastructure was paid for and already in place by my previous mining in 2018. This was a consolidation and expansion. I had a rough go of it. Some my expectations, such as using Claymore's STRAP features were not working. I had to BIOs mod the cards. However i was only achieving very low hash-rates of 27mh/s and lots of crashes/errors. It wasn't until I find the right BIOs mod that these cards came to life! I was able to achieve around 29-31Mh/s per card @ 120w per card. I did suffer some equipment failures and headaches. I had at least 2 or 3 Asrock H110 PRO BTC+ board totally die on me. Riser failures and even a few RX470's that died. The hardest part was I running everything by myself. If a miner crashed or we had a power outage I'd have to be the one to resolve it or get it back online. This wore on me a lot as I was working, trying to get out have a life, and date. Sadly, by Dec of 2019 I decided to end my mining farm and sell everything off, including the foreclosed home. I was going to a rough break-up with a girl I was head-over heels for along with other personal issues(depression) that I just wanted to leave my city/state and pursue a new life. Everything was sold off, including the house, and i was set to leave. Obviously life events(Corona virus) have now forced me to stay where I'm living. On the positive note I did meet another girl and made some new friends, but sadly my one big passion, GPU mining is now gone. So the question is Did I ROI? I kept track of my income and how much ETH was sold to cover operating Expenses. In total for 2019 I mined 80 Ethereum, with 32 being sold to cover expenses. Leaving me with 48 Ethereum cleared. At present time ($245) Worth $11,760. If I sold during the last ATH of $290 in 2020, worth about $13920. So I would have been half-way to ROI since the re-start of my mining farm. Sadly while even selling the equipment I didn't get my full investment back. The Unfortunate news for myself is that I had a NEXO Crypto-backed Loan (How I used to purchase equipment). I had put Whatever ETH I've mined into that loan to keep the LTV high enough to not get liquidated. But during the market flash crash of March 2020, all my Ethereum(Both bought and Mined a total of 170 ETH) was Liquidated to cover my loan (20,000~) We all face failures, I'm not looking at that, But I wanted to say that by all accounts the farm would ROI by now(even with crash if I had continued to HODL Eth and keep mining), Proving that GPU mining farms can survive. The 4GB limit would of been reached this year but I would profitable by then and selling off the RX470's to ebay, then retooling to other GPUs(1660 SUPERs) or switching them to mine RVN's KAWPOW, would continued life for them. [link] [comments]  | ||
| Posted: 05 Jun 2020 05:43 AM PDT Hi all, I have my 8x1080ti rig pointed at cucaktoo32 at the moment. The hash I'm achieving is on par / higher than whattomine suggests and is in line with what others are reporting online. However I've noticed my CPU load is at 10.x! I have a low spec celeron which is usually in the <0.5 load for other algos, but is clearly stressed with this algo. Question is - is this actually causing a bottleneck? If i were to have a beefier processor would I expect a higher hashrate, or would it make no difference at all? [link] [comments]  | ||
| Mining and HODL or Mine and sell? Posted: 05 Jun 2020 03:58 AM PDT
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| 4GB Rx 580's time to sell? or... Posted: 04 Jun 2020 10:04 AM PDT Hi I got a few rx 580 4gb and would like to know if its time to sell and upgrade to 8gb or it wont matter as ETC has rate will go through the roof and thus not profitable anyways and keep the 4gb for next alt? [link] [comments]  | ||
| RX5700 GPU mining rig vs ASIC miner A10 for Ethereum mining !? Posted: 04 Jun 2020 03:11 PM PDT
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