Mining in 2018/2019

S

swiss-mosquito

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Dec 16, 2017
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Hi there,

I've just signed up to the forum, so a new figure around here.

The past few days I've been researching about the profitability of mining bitcoins, bitcoin cash, ethereum and peercoins.
Several mining calculators and platforms like whattomine.com seem to show more or less the same: Mining peercoins as of now is a lot more profitable than mining Bitcoins for example.

I'm planning to get two 'Bitmain Antminer S9' machines with about 14TH/s of power. The electricity costs here are due to a special deal pretty low; about $1500 USD/year for the power needed for a S9.

I personally think that peercoins have a lot of potential as a currency, but as the concept of peercoins will keep reducing the value of mining, it might be not the right way to go in regards of mining. Bitcoins on the other hand are really booming, but few experts are warning that the bubble could burst some time.
Mining Ethereum seems to be the less profitable option based on online mining calculators.

What is your oppinion on that? Do you think mining peercoins makes more sense than mining bitcoins? Will it be profitable for 2018/2019? Ehich Cryptocurrency is the most profitable to mine looking 1-2 years ahead?

Looking forward hearing about your oppinions.
Have a nice day!

Cheers,
swiss-mosquito
 
dont buy asics. simple as that and for many reasons. buy gpu-s and only buy with less then 4mount roi in sight. in 1 year no one knows. ethereum will not be profitable. zcash and monero may still be.
 
isn't it pretty much too late to get into any of these things at this point? I was looking at this as well but it seems kind of pointless right now especially if you plan to mine. Maybe the cloud mining is better?
 
Bigbacon said:
isn't it pretty much too late to get into any of these things at this point? I was looking at this as well but it seems kind of pointless right now especially if you plan to mine. Maybe the cloud mining is better?
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dont ever touch cloud mining. and depends on how you get into it some of my hardware had less then a 1 month roi. if you can get 3month roi and think mining will last 3 months (it probrably will) then no reason not to get into it.
 
cdabc123 said:
dont ever touch cloud mining. and depends on how you get into it some of my hardware had less then a 1 month roi. if you can get 3month roi and think mining will last 3 months (it probrably will) then no reason not to get into it.
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my problem is i guess I'm dumb and it always seems like I can't figure out how to gfet the shit to work or the miners start making shit on the computer freak out.
 
Bigbacon said:
my problem is i guess I'm dumb and it always seems like I can't figure out how to gfet the shit to work or the miners start making shit on the computer freak out.
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honestly the software is pretty simple. I had it all condenced to a bat file for windows that anyone could run. my rigs RARELY have an issue and normally a reboot is more then enough.
 
cdabc123 said:
honestly the software is pretty simple. I had it all condenced to a bat file for windows that anyone could run. my rigs RARELY have an issue and normally a reboot is more then enough.
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weird.

Can you do this stuff without needing tons of hardware as well? I mean could I leave a random decent CPU computer just running 24/7 and not worry too much about it with full knowledge it isn't going to get tons of whatever currency one decides to do? can you suggest some stuff to at least get started?
 
Bigbacon said:
weird.

Can you do this stuff without needing tons of hardware as well? I mean could I leave a random decent CPU computer just running 24/7 and not worry too much about it with full knowledge it isn't going to get tons of whatever currency one decides to do? can you suggest some stuff to at least get started?
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you can get a few $ of monero a month of any decent cpu. everything else requires alot of gpu power. minimum payouts on a pool would mean it takes a few months to get anything though. and sure
 
monero is what I was looking at actually. I got freaked out becasue when I ran one of the CPU miner software defender when nuts.
 
Bigbacon said:
monero is what I was looking at actually. I got freaked out becasue when I ran one of the CPU miner software defender when nuts.
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yea monero miners will be picked up by almost every antivirus ever. they are safe though.
 
also, can you run both a CPU miner and GPU miner at the same time?

I did get it running...now I think I need a separate machine. didn't think it through much.
 
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I was late as shit into mining ETH (June) but I passed my ROI last month. It's going away from POW sometime soon, no one knows when I believe tho. If you get GPU's you can at least re-sell them or use them elsewhere. I honestly have no idea what I'm going to do after ETH but at this late in the game you may be better off just spending the money on coins themselves and seeing where that takes you

Kind of wish back in the mid 2000's and late 2000's when I had huge multi-CPU rigs and 19 GPU's that I would have dabbled in BTC harder than I did lol, but at this point I think If I did it all again from scratch I'd just buy the coins
 
I don't see it disappearing anytime soon...

When looking for advice on something like this, it's best to talk to people involved, other miners, they know better than most the reality of the situation, the code, the longevity, etc...

6 months ago I was on here and other sites asking the same thing, and most people said "If its not a 4month ROi don't bother" and crap like that... if you want to do it, DO IT, and you'll probably ROI faster than expected. Just make sure you round down when calculating, not rounding up :)

I went against most advice and spent $1500cad on some GPU's and put them in 4 different PC's... ROi'd in 3 months. Value of the BTC I mined in those 3 months has now almost doubled, almost $2500cad..

Now I've doubled down and purchased a bunch more hardware, and in talking with other miners, it's not a certainty, but the chances are so damn high that it'll still be around and profitable in 6 months if not 12-24 months that you might as well. Current GPU's alone are ROI in ~120days max, including all other hardware to build the system the ROI can increase to ~140days, or still under 5 months.

That's the same if you buy a $3500 or spend $35,000 on a little mining operation, the ROi is the same. At the end you'll have different amounts of equipment, though ;)
 
Vaulter98c said:
I was late as shit into mining ETH (June) but I passed my ROI last month. It's going away from POW sometime soon, no one knows when I believe tho. If you get GPU's you can at least re-sell them or use them elsewhere. I honestly have no idea what I'm going to do after ETH but at this late in the game you may be better off just spending the money on coins themselves and seeing where that takes you

Kind of wish back in the mid 2000's and late 2000's when I had huge multi-CPU rigs and 19 GPU's that I would have dabbled in BTC harder than I did lol, but at this point I think If I did it all again from scratch I'd just buy the coins
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Eth is only a small portion of GPU mining. It's mostly those trash 570/580's in it presently. Pretty much everything else has better stuff to mine.
 
Missing the point said:
I don't see it disappearing anytime soon...

When looking for advice on something like this, it's best to talk to people involved, other miners, they know better than most the reality of the situation, the code, the longevity, etc...

6 months ago I was on here and other sites asking the same thing, and most people said "If its not a 4month ROi don't bother" and crap like that... if you want to do it, DO IT, and you'll probably ROI faster than expected. Just make sure you round down when calculating, not rounding up :)

I went against most advice and spent $1500cad on some GPU's and put them in 4 different PC's... ROi'd in 3 months. Value of the BTC I mined in those 3 months has now almost doubled, almost $2500cad..

Now I've doubled down and purchased a bunch more hardware, and in talking with other miners, it's not a certainty, but the chances are so damn high that it'll still be around and profitable in 6 months if not 12-24 months that you might as well. Current GPU's alone are ROI in ~120days max, including all other hardware to build the system the ROI can increase to ~140days, or still under 5 months.

That's the same if you buy a $3500 or spend $35,000 on a little mining operation, the ROi is the same. At the end you'll have different amounts of equipment, though ;)
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except if you do the math that $35k dropped on mining rigs 6mnths ago would be worth so much more today if you just invested it. I actually have about $7k in mining equipment mostly purchased using 0% interest offers for 12mnths or more. I've ROI'd on nearly everything at this point and paid most of that off the cards. I'm flip flopping between buying more GPU's and just spreading out to more coins/holdings. I will probably just fill out/finish what rigs I have AFTER I've spread my coins around a decent amount. Any thoughts/plans of building some crazy large mining operation are fading for me.
 
Yea, 35k in ETH 6 months ago would be a bit shy of a quarter million right now, so there's a reason people say that. 35k in mining hardware would have gotten you lets say 60x 1070's. You'd only be bringing in like 120 (more like 90 but trying to give benefit of the doubt for change in difficulty) coins in a whole year, so you'd be at like 60 coins where as if you bought straight out you'd have almost 300 (assuming 120 buy in). And that's not factoring the costs of electric and cooling you would need for an operation that big, not to mention you'd need to rent out some warehouse space or something as you couldn't even run that much on a 200 amp house circuit, not even 2/3 of that

And I mention ETH because there's usually only like 3 coins people are talking about when they talk about first getting into mining, BTC, LTC, or ETH. I know there are other coins, I've mined some others myself, but when someone comes in and literally asks about mining on their 1 and only post about getting into mining I feel like it's safe to assume ETH, especially since we've ruled out ASICs

Hell even getting in in June if I would have just bought coins I would be at about 15 grand right now (2.5k spent in that month) compared to the about 3.5 grand I'm at now, and that's with a good bit of good trades going on in there as well

If you want to mine a ton of alt coins then yea there's a future in mining, but if, like most new people, you're only looking at ETH, then POW I don't think will be around long enough to make a huge boost out of. But, like I said, there's no knowing when they'll actually end POW for ETH so just run it till it stops lol. I just bought 2 more cards myself for ETH, will be placing them on some alt coin once ETH goes POS
 
Missing the point said:
Yes but that is hindsight... easy to make those statements.
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It could be said there's a good chance that a well placed $35k still has more opportunity than the mining equipment. Take a look at ETN right now. I have 4 vegas mining over 500 ETN a day and have kept mining ETN for a stockpile. I've kept my 580's on eth as a pay the bills coin.

I've developed some software that I use to take say $500 and spread it into $10 worth of 50 coins. I'm expanding this still and will have $10 or more of over 200 coins to put that WIDE net out. After I'm satisfied with my holdings I'll ratchet the dollar amount up. While I'm doing this I'm starting to log my balances automatically to a DB with timestamping so I can watch my balance of coins and USD value.

I like some of what coinigy does but I'm gonna roll something different out soon. If people like it I'll charge for it and worst case I've built myself exactly what I want.
 
Bigbacon said:
also, can you run both a CPU miner and GPU miner at the same time?
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Yes. GPU mining takes very little CPU. In fact, many miners run their rigs with Celerons. If you have a more powerful CPU, you might as well use it to mine some Monero.
 
Starrbuck said:
Yes. GPU mining takes very little CPU. In fact, many miners run their rigs with Celerons. If you have a more powerful CPU, you might as well use it to mine some Monero.
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True dat, but CPU miners are not very efficient. They require at least 2MB of L3 cache per thread. So, even if you have a quad core you may not be able to use all cores for mining. Like my two i5 4670K's can only run 3 threads each. If I turn on the 4th thread it actually hurts the hash rate. And when running 3 threads it's barely taxing the CPU. Maybe 50% usage. I've not figured out a way to completely utilize the CPU for mining.

I'm using xmrig for CPU mining. Barely touching my CPU for about 200 H/s.

upload_2017-12-18_17-9-34.png
 
I miner xmr on a couple of my rigs that primarily server other purposes. They do pretty well at around 600 H/s each and it doesn't impact their main functions (one is a Burst miner and the other a media server for about 10 users).

argonxmr.PNG


My gaming rig is also ming xmr (and Equihash) when I'm not using it. It has a 6850K which does fairly well.

miner06xmr.JPG


I did run out and buy close to $20k worth of GPUs back in August/September and I'm getting pretty close to ROI. I see nothing that would indicate 2018 is not going to be as good for mining as 2017 was. But we'll see.
 
Starrbuck said:
Yes. GPU mining takes very little CPU. In fact, many miners run their rigs with Celerons. If you have a more powerful CPU, you might as well use it to mine some Monero.
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I went cheap with the CPU on my mining rig, a Pentium, and it does the job but it's super slow to try to use the computer while mining. Definitely would get a better CPU if I build another miner.
 
cybereality said:
I went cheap with the CPU on my mining rig, a Pentium, and it does the job but it's super slow to try to use the computer while mining. Definitely would get a better CPU if I build another miner.
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I saw recommendations for getting a Celeron in the mining rig, but I went with a Pentium because I wanted everything to go faster while building and maintaining the system, not necessarily when mining. I know that even my overclocked i7-5930K stutters when mining is running on it so I would not expect much from a faster processor.
 
Starrbuck said:
I saw recommendations for getting a Celeron in the mining rig, but I went with a Pentium because I wanted everything to go faster while building and maintaining the system, not necessarily when mining. I know that even my overclocked i7-5930K stutters when mining is running on it so I would not expect much from a faster processor.
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My mining rigs are running celeron cpu and i regret that. There are times where I need to remote in and its very slow, I'd rather have spent the extra 10-20 on a pentium
 
Kingkau said:
My mining rigs are running celeron cpu and i regret that. There are times where I need to remote in and its very slow, I'd rather have spent the extra 10-20 on a pentium
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I completely agree. Celeron is not enough. i3 is too much. Pentium is just right. ;-)
 
Well it depends. If it's a headless box, especially running linux or some mining distro then it doesn't matter. I've even undervolted and cut off one of the cores on my dual celly on my SimpleMining boxes, just to save a few watts and heat. No change in mining output. If you're using a windows box and use the rig for other uses throughout the day then yea you may want something more.

I will say though, only using one core and lowering the power has only saved me like 3-4 watts and I don't think I've noticed a measurable change in heat at all, but it makes me feel better lol. 4 watts over a whole year is like $2.30 a year lol
 
mkrohn said:
you're doing it wrong if you're trying to use a mining machine.
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Yeah, well, I'm not actually using that machine (it sitting in the kitchen in a corner). But while I'm tweaking settings, I may go to the pool website to see if my worker is running, etc. I know I can do this from another machine but still.
 
Any reason to mine on my gaming rig while I'm not using it? (aka most of the time?) Could de-clock CPU/GPU to use less power at similar frequency.

I'm talking Xeon x5670 and GTX 1080
 
Napoleon said:
Any reason to mine on my gaming rig while I'm not using it? (aka most of the time?) Could de-clock CPU/GPU to use less power at similar frequency.

I'm talking Xeon x5670 and GTX 1080
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Absolutely. You could make a few bucks a day. Why not? :)
 
cdabc123 said:
dont buy asics. simple as that and for many reasons. buy gpu-s and only buy with less then 4mount roi in sight. in 1 year no one knows. ethereum will not be profitable. zcash and monero may still be.
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Can you expound on that.? I was looking in to a GPU rig and then came across ASICs on craigslist. Looking at the mining calculators the profit is roughly 2x the profit from GPU mining. I get the flexibilty of GPU to mine alt coins and the difficulty will increase making the ASIC obsolete, but even if it was only used for a year the ASIC would come out ahead unless I am overlooking something. I am using zcash mined with 1080s vs litecoin mined with an antminer L3 for profit comparison.
 
Starrbuck said:
I completely agree. Celeron is not enough. i3 is too much. Pentium is just right. ;-)
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Pentium G4560 is my go to. It’s the lowest Intel CPU with hyperthreading. I’m using it on two 12 card systems and it runs at about 50% use and is plenty responsive when administering the systems. It costs about $85 (was $57 at microcenter for a while) and seems a really solid match.
 
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