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Well, I would understand that for AMD. But Nvidia GPUs always sucked with mining unless there was a break thru since last year that I missed.
Time. Effort. Money. As with all things.Whats the catch
I mean, is mining even cost effective vs your utility bill lol
Anyway, its because there is literally no competition.
I mean, is mining even cost effective vs your utility bill lol
Anyway, its because there is literally no competition.
Risk, noise, heat and power consumption.Whats the catch
If you can live with the heat and power, the economics of it may or may not make sense. Here in Texas, it's currently profitable with 1070s or 1070 Tis, even if you have to buy electricity from the grid. In some places, electricity is so expensive that you lose money unless you're mining a coin that is both easy to mine and very valuable.I mean, I have a 2000mhz GTX 1080Ti, should I try mining? I own my home and pay my own bills
Just my opinion, but I would not subject my two $1000 VegaFE's to mining.
Just my opinion, but I would not subject my two $1000 VegaFE's to mining.
Not sure how everyone has the same kwh rateYou'd be making close to $15 a day with them.
Not sure how everyone has the same kwh rate
or they're using their employers electricity (not recommending that, but people do in fact do this)
Like I said not everyone has the same electricity rate.$15 - electricity costs.
Like I said not everyone has the same electricity rate.
What's your kwh cost?
I've been holding off from upgrading from my GTX 970 due these insane prices, mining doesn't interest me one bit and it's ridiculous to think that every gamer needs to start mining now to get your money's worth. How good is that for the planet if every GPU owner started mining 24/7? Mining consumes too much electricity for what it gives out in profit, it's not a big deal if a few people keeps doing it but when it climbs to some universal popular hobby of some sort it's not a good thing. At some point it needs to be restricted in some way if it would keep becoming more popular in the same way we're not allowed to hunt without restrictions. It will also lead to electricity price hikings in the long run which makes it unfair for those who doesn't mine which is when it also becomes of political interest.
First, it will never be the case that every GPU owner mines 24/7. Second, consumes too much electricity for what it gives out in profit??? It's at least a four factor of profit, conservatively, compared against the US national electric rate average of 12c kwh. Lastly, electric utilities are regulated by the government to prevent price hikes and there is no way the government or the electric utility is going to be able to determine what your power usage actually is from.
You don't have to mine but understand there is a reason card prices are higher due to demand from those that are willing to mine...
There's more to the World than just the US. Electricity prices in Europe are very high for example, and it's a bigger market than the US. GPU mining isn't really popular in Europe for that reason (and maybe others). Even in China/Asia my understanding is that it is limited to a few specific locations where energy prices are low enough.
$12 a month and I'm making close to $10 a day currently
IDKSOLOL
Virtually all the energy you feed your computer converts into heat - a very very small fraction goes into radio waves, conservation of energy. So basically if you put 1000w in you get ~1000w of heat.For me it's not about electricity cost vs profit but the energy waste is high vs profit when factoring in things like ease of access, popularity and so on and considering it's something you do for reasonable small gain for the amount energy feed in. I don't want to be part of the growing problem, the extra pressure it causes on the energy load worldwide. For me it brings out the worst in humans, greed. Sure it's not as huge environmental problem as for example coal mining but this is a much more widespread practice that is done for personal gain, a lot of that energy comes from coal and nuclear power plants. In Finland for example currently they have to import quite a lot of energy from abroad, in 2016 that rate was about 22% from abroad 78% domestic, during colder winter days also some extra coal plants are ran etc. These all things contribute to increase in pollution due the growing useage and it's not something limited to certain countries only and those who use for example solar power to mine are probably statistically insignificant.
So for me it's the amount energy feed in vs low profit vs widespread practice that cause on a global scale a more serious impact in pollution if the trend keeps growing further. This is probably the last place to get support from this kind of opinion being an overclocking forum based in US but I do think we need to start think more of the planet than some slight personal profit gains.
Then I'm sure some of you will be like what about overclocking then? Well you're not going to put computer load 24/7 with regular comp use and when doing so, some of that use is also creative work (which often also brings benefit to others) or for fun or whatever, meanwhile mining is only done for $$$ which isn't even a garantuee of increase in happiness.
Virtually all the energy you feed your computer converts into heat - a very very small fraction goes into radio waves, conservation of energy. So basically if you put 1000w in you get ~1000w of heat.
In the winter time one can heat their house, apartment etc. and do nothing other then heat their house, apartment etc. or with the same amount of energy, run a few computers that will convert that same amount of energy into mostly heat and get money back. To me that is smart to do. You are not consuming more energy this way at all.
Summer time is different where you will not only consume the energy for the tasks but also add in 1/3 over that for cooling. So for those concern about energy consumption - mine in the Winter time. My electric bill is cheaper now this year compared to last year, difference is I am mining and heating certain rooms vice heating the whole place up. So actually I am conserving energy because of mining
Now if one is really concerned about energy, start putting up solar panels, windmills etc. then I would buy one is really concern. Also ride a bike, carpool and keep their place freezing cold in the Winter and swampy hot in the summer, do not use a cloths dryer - hang them up etc.
What work? (VR is not actually moving you around so no 20%-30% there)Not sure that's an accurate assessment. If nearly all the energy used is converted into heat, you're essentially saying computers are close to 0% efficient, which is unheard of for any electrical device. Even internal combustion engines are about 20-30% meaning 70-80% of the energy is wasted as heat, but the remaining 20-30% is used to actually move you around to where you need to go.
I think you're completely forgetting about the actual "work" the computer is doing.