Warning = Bitcoin in coming ..

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

  1. kirbyrj

    kirbyrj [H]ard as it Gets

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    From a pure mining perspective the radeon 7 is better because it's cheaper. The difference between the two is about $0.20 a day Even counting electricity costs it would take you a long time to make up the difference.
     
  2. Archaea

    Archaea [H]ardForum Junkie

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    Only thing is Radeon VII isn’t as profitable on as many algorithms as Nvidia cards are.
     
  3. kirbyrj

    kirbyrj [H]ard as it Gets

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    Definitely. I guess I'm talking more to the Nicehash "set it and forget it" crowd. My AMD cards bounce between DaggerHashimoto, Lyra2REv3, CryptonightR, and Beam when I run them. Still a good blend even if they are a little more power hungry than say a 1070 or something.
     
  4. Chimpee

    Chimpee [H]ard|Gawd

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    He is living up to his user name.
     
  5. thebufenator

    thebufenator [H]ard|Gawd

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    What algo? I am not seeing that on my 1080Ti
     
  6. kirbyrj

    kirbyrj [H]ard as it Gets

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    Probably before electricity also.
     
  7. Dayaks

    Dayaks [H]ardness Supreme

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    I am only $2.82/day on the 2080ti before any costs using nicehash.
     
  8. Mode13

    Mode13 Limp Gawd

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    How much were people making last year when Bitcoin went flying? I don't recall it being too much higher than it is now. Surely GPUs weren't flying off the shelves by the zillion for $3/day before electricity??

    Or is it just low because bitcoin is up but other coins are not?
     
  9. Dayaks

    Dayaks [H]ardness Supreme

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    It went up to $12 per day for a 1080ti iirc? Could be making that up. 3 month ROI sounds about right though.
     
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  10. Mode13

    Mode13 Limp Gawd

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    Makes sense. That probably explains why the GPUs were selling too. I bought my vega 64 at launch for I think $549ish? By last Jan I could have sold it on ebay for like $1,200 lol.

    I would try my hand at mining if I could make $10 a day for sure..
     
  11. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    No it was certainly up there. To get the 2.82 on nicehash are you running 100% power?
     
  12. Archaea

    Archaea [H]ardForum Junkie

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    That’s right It peaked at about $12 a day for a 1080TI on nicehash.


    That huge profit made the used market spike to almost what double new cards were selling for and video card retail store shelves look like this! (Overland Park Kansas Microcenter GPU section)

    A7183467-B3A4-4597-9773-9C36C1D22461.jpeg E35062AE-5E35-451C-B7C3-77199AC5A027.jpeg 0650A358-085A-4B94-9FB3-AD508E1957C9.jpeg
     
    Last edited: Jun 21, 2019
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  13. ebduncan

    ebduncan [H]ard|Gawd

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    Radeon 7 is a much better mining card than The 2080ti. Who ever says it is not is a silly wombat. 2080ti cannot touch that memory bandwidth.

    over 90mh/s in eth. Puts it leagues above anything else. I wonder how the Navi cards will do. I'd expect close to vega 64 numbers, maybe a tad higher.
     
  14. Archaea

    Archaea [H]ardForum Junkie

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    There are more coins to mine than Eth...
     
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  15. ebduncan

    ebduncan [H]ard|Gawd

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    overall it is more profitable to mine on the Radeon 7, vs the 2080ti. The 2080ti loses most of those battles, and hard.
     
  16. Dayaks

    Dayaks [H]ardness Supreme

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    Yes.

    I have both cards... 2080ti wins in both earnings and by far in efficiency. The only negative is the upfront cost.
     
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  17. mikeo

    mikeo Limp Gawd

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    Same, between 1.80 and 3 a day. Might quit unless it goes up a lot more, don't want to space invaders my card.
     
  18. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    What is the power usage of the 2080 ti vs. the VII?
     
  19. Snowdog

    Snowdog [H]ardForum Junkie

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    Or maybe Facebooks Crypto-currency kills of the Mining of Ponzi coins.
     
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  20. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    How do you mine FB coins? Successful spreading of fake news?
     
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  21. Snowdog

    Snowdog [H]ardForum Junkie

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    You don't mine FB crypto. That is the point. This whole "mining" thing is pointless busy work that wastes large amounts of electricity.
     
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  22. Mode13

    Mode13 Limp Gawd

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    I thought the point of mining was to decentralize the network by letting any joe schmo miner sign the next block full of transactions. Wouldn't that mean that this FB crypto is centralized to FB and therefore pointless since it's centralized like any other currency Bitcoin was a rebellion against?

    I'm not exactly into bitcoin so sorry if I have that wrong.
     
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  23. Snowdog

    Snowdog [H]ardForum Junkie

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    Well yeah, it won't quote the anonymity appeal that Bitcoin does for money laundering, drug dealing, etc...
     
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  24. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    The current price on nicehash fluctuates , it was over $5 today then back down to about $2.70
     
  25. kirbyrj

    kirbyrj [H]ard as it Gets

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    It all depends on how many shares your cards are having accepted at any given time and what people are paying for your work. Sometimes your card is actually more profitable and sometimes less profitable. Every once in a while there will be a big spike on some algo that causes a 50% rise for a couple minutes and then it backs off. That $2.70 is more of an "average" of what your card is producing all day.
     
  26. Ruiner

    Ruiner 2[H]4U

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  27. Dayaks

    Dayaks [H]ardness Supreme

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  28. Mode13

    Mode13 Limp Gawd

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    Err I've been waiting for July-August to make my hardware decisions due to Ryzen 3k + Navi dropping. 2080 - 2080 Ti is way out of my league anyway, I was thinking that refurb deal for the Zotac 1080Ti but eh...

    If prices go insane by then I'll just spend a year on the 980Ti, also have a Maxwell Titan I just grabbed from Kyle's sales I can play with too, and still haven't sold the vega 64... Hopefully those are good enough for Borderlands 3 @ 1440P :)
     
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  29. N4CR

    N4CR 2[H]4U

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    That's why I grabbed a v64 end of last year after it all crashed at $400.. set for a few more years unless I have a windfall, then it's 4k build time.
     
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  30. Ruiner

    Ruiner 2[H]4U

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    In a normal world, waiting for the actual game (or hell, even it's minimum/recommended requirements) to be released a year from now would be prudent. Or waiting for the hoped for midrange price wars after the lower SKU Navi's are released...
     
  31. crazycrave

    crazycrave Limp Gawd

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    It was the meaning I got from Book of Eli if it's used as a weapon = word of month = Hilter used it as a weapon = Give up over and over blasted on the loud speaker = mind control or the start of it = Project Ultra = how to manifest energy using word of mouth = empty stores
     
  32. Dayaks

    Dayaks [H]ardness Supreme

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    I don’t really expect much of a price war. I guess it’s the risk of paying 10-15% too much now or 100% if bitcoin goes nuts again.
     
  33. Parja

    Parja [H]ardForum Junkie

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    BTC knocking on $13k. If you're in the market for a video card, probably a good idea to act now.
     
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  34. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    Mining is good! $3.50-$4 almost all day yesterday on the 2080ti
    about $2.50 on the 1080ti... price hikes inc
     
    Last edited: Jun 26, 2019
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  35. gerardfraser

    gerardfraser Gawd

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    DOh I just checked RTX 2080 last 24 hours.I usually buy video cards with mining money but this time it may be new Ryzen system or a new roof on my house.Got around 0.45 bitcoin saved up.

    Daily income
    0.00024264 BTC 3.13 USD

    Weekly income
    0.00169848 BTC 21.91 USD

    Monthly income
    0.00727920 BTC 93.88 USD
     
  36. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    Yeah there's a huge short squeeze going on right now in btc.
     
  37. Archaea

    Archaea [H]ardForum Junkie

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    Yup buy GPUs now before mining comes back into Rogue as prices shoot up! Just starting to see profits on GPU mining becoming reasonably worthwhile again.

    3 weeks ago my six 1070 made about $3 a day combined. — basically a wash with electricity and cooling.

    Now $8.50 s day combined already and climbing fast.

    Here’s to hoping we see $8 a day for each card on those 1070 cards again. ;).
     
  38. kirbyrj

    kirbyrj [H]ard as it Gets

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    I'm starting to wonder if I can get by with a console honestly. I have to play around with my Xim some more on my PS4 to see if that can cut it.

    I just checked ebay prices on RX580's. They are still pretty normal. I can always just use a 1080p monitor and one of those.
     
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  39. Furious_Styles

    Furious_Styles [H]ard|Gawd

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    1070s are great cards. Both for mining and gaming.
     
  40. Dayaks

    Dayaks [H]ardness Supreme

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