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  • Dec 17th, 2017 8:21 am
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Deal Addict
Sep 13, 2016
1076 posts
453 upvotes
divx wrote:
Jun 16th, 2017 10:05 pm
you are doing it wrong, most people just leave the coins in and use it directly, bypass currency conversion.
Use it directly as in. Buy something with the coins? I answered to the question about how to encash the coins.
Deal Guru
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Mar 14, 2009
10574 posts
3851 upvotes
qcminer wrote:
Jun 16th, 2017 10:07 pm
hi guys, i secured at my supplyers 40x rx 570 with few psu board &cpu . My question... I keep them and mine with them knowing that someone say its finish in november....OR... i make bundle and resell them as the price is so high at the moment people go nuts to buy them and directly buy ethereum with the money i made from it?

i would like to know what you would do :)
I don't think this will last until November. The difficulty is going up like crazy. I have only been mining for a week, and when I started my calculator said I would generate 1ETH/month, and now I'm down to 0.80ETH/month. Plus I'm hearing that the value of ETH should hold as high as around $450USD for the next two weeks or so, but then they are expecting the market to crash. Plus if the US government follows through on regulations on cryptocurrencies it could burst the bubble completely. So enjoy this while it lasts but don't expect it to last long term. If it pays for one of my GTX 1070 cards I will be happy.

The thing is, even if this holds out for one month it should pay for those cards.
I am a Zoomer customer.
Jr. Member
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Apr 12, 2017
126 posts
41 upvotes
IndyBeak wrote:
Jun 16th, 2017 4:08 pm
Keep us posted on how it averages out on Ethermine. a lot also depends on luck. I get anywhere between 40 to 60 shares an hour with a total of 70MH/s.
Will be happy to switch to Ethermine if it produces better results on average.

Also, did anyone try using Genoil miner instead of Claymore. Claymore has a built in fee, so every hour you mine for the devs for sometime. Genoil ethminer does not have this fee. But I am not able to figure out how to make it work with 3GPUs, with a mix of Nvidia and AMD.
Update:

GTX 970
18.2 Mh/s
Mining with Claymore through Ethermine.
145 shares accepted after 8 hours.
330 shares accepted after 20 hours.

At this rate, this card could potentially earn about $90/month, but I'm sure you already knew that.

I'm going to test nanopool again when I have time. I don't like Ethermine's minimum payout of 1 ETH. I prefer Nanopool's 0.2 ETH min.
Deal Addict
Jun 15, 2006
1068 posts
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I'm a mining noob and I was planning to build a new computer rig anyways to replace my existing one. Can anyone help spec out a new rig suited to mining - CPU, power supply, motherboard etc.? Thanks! I'm not looking to get rich off this, but seems like a fun hobby while the rally in these currencies is still off the charts.
[OP]
Deal Fanatic
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Oct 25, 2003
9022 posts
196 upvotes
RedToronto wrote:
Jun 17th, 2017 10:48 am
Update:

GTX 970
18.2 Mh/s
Mining with Claymore through Ethermine.
145 shares accepted after 8 hours.
330 shares accepted after 20 hours.

At this rate, this card could potentially earn about $90/month, but I'm sure you already knew that.

I'm going to test nanopool again when I have time. I don't like Ethermine's minimum payout of 1 ETH. I prefer Nanopool's 0.2 ETH min.
It'll take you months to mine 1 ETH with a single 970.. might not even get there at the rate the difficulty is increasing.. then there's always the chance of the pool stealing the ETH. I got burned with about 1-2 BTC back in the day leaving my BTC on a pool and they supposedly got hacked, or the owner just ran off.
it's me ramin.
Deal Addict
Sep 13, 2016
1076 posts
453 upvotes
RedToronto wrote:
Jun 17th, 2017 10:48 am
Update:

GTX 970
18.2 Mh/s
Mining with Claymore through Ethermine.
145 shares accepted after 8 hours.
330 shares accepted after 20 hours.

At this rate, this card could potentially earn about $90/month, but I'm sure you already knew that.

I'm going to test nanopool again when I have time. I don't like Ethermine's minimum payout of 1 ETH. I prefer Nanopool's 0.2 ETH min.
Yeah,I guess Nanopool is better considering you can take out as little as 0.05. Got 0.1 from Nanopool so far.
Deal Addict
Sep 13, 2016
1076 posts
453 upvotes
enigma54 wrote:
Jun 17th, 2017 10:54 am
I'm a mining noob and I was planning to build a new computer rig anyways to replace my existing one. Can anyone help spec out a new rig suited to mining - CPU, power supply, motherboard etc.? Thanks! I'm not looking to get rich off this, but seems like a fun hobby while the rally in these currencies is still off the charts.
Question would be, do you see any use of this computer apart from mining. Or do you want it purely for mining.
There are 2 approaches.
1. If your goal is to just mine, then spend as little as possible on processor and motherboard. The only requirement should be that the motherboard should have 4-6 PCIes.
Power supply is important, for upto 4 GPUs, something around 800watts, for 6 GPUs, 1000 plus watts.
2. If your goal is to build a gaming/media server and also enjoy mining while it lasts, then Ryzen processors give a good value for money. I can share the config I built if you wish. I am yet to do a final tally, but I guess I hit something around 2000$ in costs.. But my PC can easily do 6-12 Plex streams depending on files.
Jr. Member
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Apr 12, 2017
126 posts
41 upvotes
B0000rt wrote:
Jun 17th, 2017 12:14 pm
It'll take you months to mine 1 ETH with a single 970.. might not even get there at the rate the difficulty is increasing.. then there's always the chance of the pool stealing the ETH. I got burned with about 1-2 BTC back in the day leaving my BTC on a pool and they supposedly got hacked, or the owner just ran off.
Yeah, I think I'm in the same boat as most where I'm willing to buy an RX580, but I'm not willing to buy at the inflated price, let alone the stock levels.

What GPU are you using?
Jr. Member
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Apr 12, 2017
126 posts
41 upvotes
IndyBeak wrote:
Jun 17th, 2017 12:34 pm
Yeah,I guess Nanopool is better considering you can take out as little as 0.05. Got 0.1 from Nanopool so far.
Do they charge you a fee if you set it to 0.05?

Also, I know you mentioned you have a rx580, is it 8gb or 4gb?
[OP]
Deal Fanatic
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Oct 25, 2003
9022 posts
196 upvotes
RedToronto wrote:
Jun 17th, 2017 12:44 pm
Yeah, I think I'm in the same boat as most where I'm willing to buy an RX580, but I'm not willing to buy at the inflated price, let alone the stock levels.

What GPU are you using?
2x290, 1x1070 and 1x1080, I had all the gpus except for the 1070 which I bought last week
it's me ramin.
Deal Addict
Sep 13, 2016
1076 posts
453 upvotes
RedToronto wrote:
Jun 17th, 2017 12:47 pm
Do they charge you a fee if you set it to 0.05?

Also, I know you mentioned you have a rx580, is it 8gb or 4gb?
I think Pool fee is a fixed percentage, 1% I guess. So doesn't matter you take it out at 0.05, 0.1 or 0.2

All 3 of my cards are 4GBs. GTX970, RX570, RX580.
Jr. Member
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Apr 12, 2017
126 posts
41 upvotes
B0000rt wrote:
Jun 17th, 2017 1:05 pm
2x290, 1x1070 and 1x1080, I had all the gpus except for the 1070 which I bought last week
What hash rates do you get on each?
Deal Addict
Jul 26, 2004
2052 posts
263 upvotes
Another random question regarding old hardware... so I've got a A8N SLi Socket 939 board with an old school Opteron 175 sitting in the basement. Think it's any use for mining?, obviously the CPU is obsolete, but the two PCIE slots useful?
Deal Addict
Sep 13, 2016
1076 posts
453 upvotes
coilz wrote:
Jun 17th, 2017 1:23 pm
Another random question regarding old hardware... so I've got a A8N SLi Socket 939 board with an old school Opteron 175 sitting in the basement. Think it's any use for mining?, obviously the CPU is obsolete, but the two PCIE slots useful?
Yes, as long as your board can run these PCIe slots.
Jr. Member
User avatar
Apr 12, 2017
126 posts
41 upvotes
IndyBeak wrote:
Jun 17th, 2017 1:16 pm
I think Pool fee is a fixed percentage, 1% I guess. So doesn't matter you take it out at 0.05, 0.1 or 0.2

All 3 of my cards are 4GBs. GTX970, RX570, RX580.
Any reason why you didn't opt for an 8GB RX580? (Price, stock levels, or not worth it for mining?)

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