Warning = Bitcoin in coming ..

Discussion in 'Video Cards' started by crazycrave, May 12, 2019.

  1. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    I picked up an EVGA Black 2080ti in anticipation.. (used)
     
  2. Mode13

    Mode13 Limp Gawd

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    Worst case you have an awesome video card, best case you sell it for twice what you paid for it and wait til prices come back down so you can buy a 3080Ti :p
     
  3. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    If best case comes around, I'll sell the 1080ti STRIX OC for more than I paid for this 2080ti!

    both are now mining, and damn, the strix card is huge or this card is tiny, crazy part is, this 2080 ti seems to keep almost as cool as the strix card with 2 smaller sizes fans, weight wise, it's not much lighter either.

    20190525_214925.jpg
     
  4. Archaea

    Archaea [H]ardForum Junkie

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    I have a gut feeling the 2080ti has that last boons profit margin built into the card — and Nvidia is the profiteer. Yes 1080tis closed for as much as $1200 used on eBay regularly during the boom. They made at the peak about $8 equivalent a day in alt coins. The 2080ti is now making $2 a day.

    For it to hit $8 a day, let say BTC would have to quadruple — or be heading that way. That’s $32k for BTC. So then you’d have the $8 a day vs $8 a day apples to apples - market price both then and now at $1200.

    Most miners use a six month horizon on hardware payback times - in deterring what to purchase. That’s what history supports. At $2 a day it take you years to payback a 2080ti right now mining.

    I don’t think the math supports paying $1200 new for a 2080TI card and making off significantly better than that if the crypto market shoots up. The Radeon VII makes the same amount of money per day as the 2080ti and only costs $700. That’s the route I’d take over picking up 2080tis to mine with. I bet the Radeon VII will have more hardware profit wiggle room if crypto takes off again and you plan to sell the hardware used to make money.

    The Radeon VII mines Eth at low 90MHs. That’s the equivalent of >= three 1070 or RX580 cards. The 2080ti is typically mining Grin right now, but only mines Eth at low 50MHs. Eth is still a mainstream and widespread coin - and not s flavor of the week coin.
     
    Last edited: May 27, 2019
  5. GoldenTiger

    GoldenTiger [H]ard as it Gets

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    It's mined with asic, not video cards nowadays.
     
  6. kirbyrj

    kirbyrj [H]ard as it Gets

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    It's still profitable to mine eth on nicehash though.
     
  7. Archaea

    Archaea [H]ardForum Junkie

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    It was that way ever since I started in 2017. I’ve never mined BTC, but I’ve accumulated BTC and other coins by mining. Many pools auto exchange what the GPU mines to BTC with a small service fee. NiceHash is prime example of that.
     
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  8. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    Not entirely true, once alt coins catch up, the craze will start there, new coins, new algorithms, etc, and they don't scale linearly with btc.
     
  9. ebduncan

    ebduncan [H]ard|Gawd

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    for what is is worth. I'm making around 13$ a day on nicehash. I never sold my cards from the second mining burst.

    I have 12 rx 580's, and a Vega 64.

    as long as the BTC price is above 7k, they will turn a profit. Power cost is 10 cents per KWH. You won't see many people invest into buying more cards right now, as ROI time isn't very good. That being said if you can find cheap RX 580/570's they have a decent ROI. Gpu's prices right now are fine and will continue to be till BTC goes over 10k.
     
  10. mustang-SVT

    mustang-SVT n00b

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    ah.... I am also waiting to see next round of updates soon.... maybe ill have to grab it asap... and trust that it just works..
     
  11. compgeek89

    compgeek89 Limp Gawd

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    So you're making about $1/card/day? That sounds ridiculously paltry at first mention, but I suppose that is ~$360/yr per card. 1yr to break even, essentially? Maybe a bit more?
     
  12. Archaea

    Archaea [H]ardForum Junkie

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    Electricity for the card and your AC to combat the heat makes it more a break even proposition unless it’s winter.
     
  13. compgeek89

    compgeek89 Limp Gawd

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    You mean the $30/day isn't adjusted for power?
     
  14. Mode13

    Mode13 Limp Gawd

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    How long would I have to mine for my vega64 to poop out a 2080 Ti ? 1000 days?

    I get free power but know exactly nothing about bitcoin still
     
  15. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    Agreed. I don't know where you are (or other people who have mined some) but I just don't really see another huge run-up to north of 20k. Maybe some things will have to happen first before it seems probable but I'm kinda thinking of selling my btc holdings soon.
     
  16. Archaea

    Archaea [H]ardForum Junkie

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    There’s no such thing as free power, somebody is paying for it and in the case of the Vega 64 it costs in electricity almost as much as it makes in a day.

    It makes $1.09 a day right now if you don’t pay for your own electricity

    https://www.nicehash.com/profitabil...;a34=1.1;a36=38;a37=13;a38=3.8;a40=59;a42=1.8


    However the national average for electricity is about .13 cents per kilowatt hour which is the cost of running a 100 watt light bulb for 10 hours. 13 cents = 10 hours of 100 watt bulb.

    So plugging in 13 cents per kilowatt hour you see only 32 cents per day.

    https://www.nicehash.com/profitabil...;a34=1.1;a36=38;a37=13;a38=3.8;a40=59;a42=1.8

    The general notion is that for every watt of electricity your cards produce, the home A/C has to run for about 1/3 of that cost to cool it off. So that 32 cents profit then disappears into an increased house cooling bill to cool that 200 watt space heater equivalent you just turned on 24/7.

    And lest you not think a single Vega 64 can raise the temperature in your room running at full tilt mining. Well you just try it and see. ;)

    I had two Fury X running originally and they could heat my basement to the point I’d be sweating in a house that was otherwise 72* everywhere. They were together just like running a 400 watt space heater.

    When I had 40-60 cards running at my highest mining point the basement got so hot in the winter i just left a window open as long as it was above about 30* and it still wasn't cold in the basement. The wooden floor right above the card’s rack my wife called one day and told me it felt so hot it burned her feet and she was worried about a fire.
     
    Last edited: Jun 15, 2019
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  17. Archaea

    Archaea [H]ardForum Junkie

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    I’m holding mine. I think it will still go up. 20k wouldn’t surprise me.

    It will go up and down, but over the next three years it’ll average its way up I’m gambling. The minimum BTC price point has increased every single year without fail and that’s probably a better estimation of value than the max which is all over the place.
     
  18. Archaea

    Archaea [H]ardForum Junkie

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    Right. That is NOT counting power and cooling expense.
     
  19. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    Current mining rate $2/day on the 1080ti and about $2.60 on the 2080ti.
     
  20. Archaea

    Archaea [H]ardForum Junkie

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    It’s rising quickly. Just two weeks ago it was about half this. BTC at 9,300. As BTC climbs it’ll get more lucrative of course.

    My six 1070 cards went from making about $2-3 a day(total) to 5-6 a day (total) in the last couple weeks. We will see if it sticks!

    If you think BTC is going to make a bull run again like started nearly this exact timeframe in 2017, you might want to consider buying some $680 Radeon VII cards which are currently the most profitable mining card I think. They mine at low 90 range on ETH with a single card. It would take 2.5 1080TI to mine that speed for ETH and ETH has proven to be a pretty steady mining coin for GPUs.

    Also IF mining takes off again here comes that GPU scarcity we saw in early 2018.
     
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  21. noko

    noko [H]ardness Supreme

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    Almost $4/day with 2x1080 Ti at Nicehash, I figure 12cents kw/h plus 4cents cooling which gives each 1080 Ti over $1/day profit. That is if one cashed out each day which will vary. Those that mined previously at less profit and held can make more than that today.

    The Vega's after electrical cost break about even, slight profit. The biggest issue I have with the Vega FE's are the current drivers which lock down the clocks/voltages making them worthless for mining. Navi looks to have great potential for mining with the Wave 32 shader capability.

    The coming wave of people buying new mining cards maybe around the corner. So some folks better buy now to ensure they get a gaming card they may want later.
     
  22. ebduncan

    ebduncan [H]ard|Gawd

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    well profit is profit. AS long as it is profitable to do so I will continue to do so. plus with the recent hikes in the BTC price profitability has gone way up. Yes It's paltry but these cards have already paid for themselves long ago.

    I'm making around 15$ a day now with 12 rx 580's and 1 rx vega. Profit. that is after costs for power at .10 per KWH. I don't have to worry about cooling as they are in my garage. My Vega 64 is the only one inside the house, but it only consumes about 130-140watt while mining.
     
  23. compgeek89

    compgeek89 Limp Gawd

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    Nice. Ain't nobody gonna complain about an extra $450/mo...
     
  24. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    Hitting $3 on the 2080ti now :)
     
  25. Mode13

    Mode13 Limp Gawd

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    So I guess I should hold on to my Vega 64 a little while longer? It's just sitting there in the box with a Bykski RGB block out of commission. I don't really have the time for learning how to mine or trade. Mostly concerned with resale value of the card and how much it will cost if I need another GPU in the coming months.

    If prices go up I'll be happy I have a spare. On the flip side I'm kind of figuring when Navi launches it will lose more value...

    Thoughts? I'm told bitcoin is almost $10,000 now. I think somebody earlier in the thread mentioned that above $10,000 makes mining a profitable venture again so GPU prices may rise.
     
  26. compgeek89

    compgeek89 Limp Gawd

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    Problem is that more people mine when prices go up so I think the profitability stays relatively steady because as more people mine it requires more hashing to obtain currency.

    Although, yes, your card value would theoretically continue to rise if that's the only part you're concerned about. I think we need to see $15k+ for things to get goin again though.
     
  27. Mode13

    Mode13 Limp Gawd

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    Thanks for the reply. I downgraded my main to a 980Ti since it's all I really need for the games I play right now. I just don't want to get caught needing more power and wishing I had the vega and suddenly they are $600+ to buy back on ebay again. Plus ebay ones are probably mining cards and mine was water cooled and barely used if that really matters.

    Will probably just get rid of it on the market place here and hope the 980Ti holds me until next year. Just have friends that are all trading bitcoins and going absolutely nuts spamming eachother in my discord group about how expensive it's getting.
     
  28. crazycrave

    crazycrave Limp Gawd

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    Take 130 amp alternator x 12v = 1560 watts of power , unwire it to send out power = mount to board and find small electric motor with enough rpm to make the 130 amps , mount to board and find belt for pulley to pulley , wire electric motor back to 120v x 1500 watt 12v invertor , that is feed by alternator via battery's or direct hook up to inverter = free power = 100% off the grid = battery needs enough charge for 1 start of motor and 2 battery's = kicker starts

    this one makes 780 watts at 1750 rpms = 65 amps https://www.americanmuscle.com/sr-135amp-alternator-9904gt.html

    take profit = making your own power = buy AMD stock = new type of mining for profit .
     
    Last edited: Jun 21, 2019
  29. GoldenTiger

    GoldenTiger [H]ard as it Gets

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    Are you drunk?
     
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  30. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    What ,you mean electric motors & generators don't run @ 150% efficiency???
     
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  31. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    Today, 2080ti jumped to $5.40/day and 1080ti jumped to $4/day
     
  32. mikeo

    mikeo Limp Gawd

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    For those mining with 2080tis do you expect the card to survive 24x7 usage for a year without going full space invaders?
     
  33. Archaea

    Archaea [H]ardForum Junkie

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    Sure...?
     
  34. Dayaks

    Dayaks [H]ardness Supreme

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    I feel like I should buy another 2080ti before things get cray cray again.
     
  35. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    truth be told, it's the only reason I got one.
     
  36. N4CR

    N4CR 2[H]4U

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    Oh ffs. Hope it crashes again, that said not in the market for a GPU for another year or two anyway. GCN needs to die first.
     
  37. kirbyrj

    kirbyrj [H]ard as it Gets

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    I think the Radeon VII is actually a better mining card if you want to buy one to sell later to the miners. And it's cheaper too.
     
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  38. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    Much lower cost too. I do wonder if GPUs will see another huge inflation though like last time.
     
  39. Dayaks

    Dayaks [H]ardness Supreme

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    2080ti is better and is way more efficient. I have both cards.

    Also for a card $700+ I’d rather it have ray tracing.
     
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  40. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    Yeah but ray tracing is useless when just using to mine with. But I guess you could SLI 'em as a bonus.