Page 2 of 2 FirstFirst 12
Results 21 to 31 of 31

Mining Rig from Scrap? - Page 2

| Computer Recycling
  1. #21
    ryanw's Avatar
    SMF Badges of Honor


    Member since
    Oct 2012
    Location
    TX
    Posts
    1,312
    Thanks
    526
    Thanked 1,290 Times in 648 Posts
    111111

    Last edited by ryanw; 07-26-2022 at 03:56 PM.


  2. #22
    kss's Avatar
    SMF Badges of Honor


    Member since
    May 2019
    Location
    PA
    Posts
    839
    Thanks
    465
    Thanked 715 Times in 403 Posts
    Quote Originally Posted by ryanw View Post
    Anyone still here mining or into cryptocurrency? I can answer questions about it to the best of my ability. My portfolio currently is heavy on Ethereum...which has been something to mine since 2018. The current De-Fi explosion has given Ethereum a boost, and moving to 2.0 will be a game changer...ETH just has to get there in a timely fashion. I believe the marketcap of Ethereum will surpass Bitcoin's sooner than later.

    From what I have heard, unless you have cheap (or free) electricity and the latest (expensive) GPUs..... it is not profitable. Or unless you have dedicated asci miners which are also expensive and always low in supply and hard to get.....

    Now if you are someone who doesn't want to MINE and just wants to buy crypto, that is super speculative and volatile. Ive been burned on it back in the last spike, but do still hold a bit just for fun. Its more of a fun curiosity that an investment since it can all go to squat in an instant. So can fiat currency I suppose but.... meh

  3. #23
    ryanw's Avatar
    SMF Badges of Honor


    Member since
    Oct 2012
    Location
    TX
    Posts
    1,312
    Thanks
    526
    Thanked 1,290 Times in 648 Posts
    111111
    Last edited by ryanw; 07-26-2022 at 03:57 PM.

  4. The Following 2 Users say Thank You for This Post by ryanw:


  5. #24
    SMF Badges of Honor

    Member since
    Jun 2021
    Location
    uttar pradesh
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Hi
    I am in the process of gathering hardware to build my first rig. I am going to use 8-10 3060 ti gpus. I need some advice on psu, risers, morherboard and CPU.
    I am also wondering if the rig will be stable with 10 cards?
    Anything else i should know or consider when choosing hardware?
    Also, as i understand when eth 2.0 takes over mining ethereum will end. From what i can read this will take anything from months to years. As i see it the market will then be flooded with gpus and hash power, gpus will be worth next to nothing because of the amount and the surplus of hash power will make nothing profitable to mine. But still gpus are sold out everywhere. Why?
    For me i am using the rig also to heat my gym, so i consider the electricity free as i would need to heat it anyway. So I am thinking it is worth the risk, if everything goes to **** i have just bought an expensive oven.

  6. #25
    mikeinreco's Avatar
    SMF Badges of Honor


    Member since
    Dec 2011
    Location
    TENNESSEE
    Posts
    4,972
    Thanks
    1,257
    Thanked 5,023 Times in 2,350 Posts
    Quote Originally Posted by namangarg View Post
    [FONT="]Hi[/FONT]
    [FONT="]I am in the process of gathering hardware to build my first rig. I am going to use 8-10 3060 ti gpus. I need some advice on psu, risers, morherboard and CPU.[/FONT]
    [FONT="]I am also wondering if the rig will be stable with 10 cards?[/FONT]
    [FONT="]Anything else i should know or consider when choosing hardware?[/FONT]
    [FONT="]Also, as i understand when eth 2.0 takes over mining ethereum will end. From what i can read this will take anything from months to years. As i see it the market will then be flooded with gpus and hash power, gpus will be worth next to nothing because of the amount and the surplus of hash power will make nothing profitable to mine. But still gpus are sold out everywhere. Why?[/FONT]
    For me i am using the rig also to heat my gym, so i consider the electricity free as i would need to heat it anyway. So I am thinking it is worth the risk, if everything goes to **** i have just bought an expensive oven.
    We are moving into the summer months here so not sure how helpful it would be

  7. #26
    kss's Avatar
    SMF Badges of Honor


    Member since
    May 2019
    Location
    PA
    Posts
    839
    Thanks
    465
    Thanked 715 Times in 403 Posts
    Quote Originally Posted by namangarg View Post
    Hi
    I am in the process of gathering hardware to build my first rig. I am going to use 8-10 3060 ti gpus. I need some advice on psu, risers, morherboard and CPU.
    I am also wondering if the rig will be stable with 10 cards?
    Anything else i should know or consider when choosing hardware?
    Also, as i understand when eth 2.0 takes over mining ethereum will end. From what i can read this will take anything from months to years. As i see it the market will then be flooded with gpus and hash power, gpus will be worth next to nothing because of the amount and the surplus of hash power will make nothing profitable to mine. But still gpus are sold out everywhere. Why?
    For me i am using the rig also to heat my gym, so i consider the electricity free as i would need to heat it anyway. So I am thinking it is worth the risk, if everything goes to **** i have just bought an expensive oven.

    This is a scrap metal forum. You would probably have better luck asking these questions on a crypto mining forum or on reddit. Good luck

  8. #27
    SMF Badges of Honor



    Member since
    Apr 2015
    Posts
    2,071
    Thanks
    615
    Thanked 2,443 Times in 1,090 Posts
    Quote Originally Posted by ryanw View Post
    Anyone still here mining or into cryptocurrency? I can answer questions about it to the best of my ability. My portfolio currently is heavy on Ethereum...which has been something to mine since 2018. The current De-Fi explosion has given Ethereum a boost, and moving to 2.0 will be a game changer...ETH just has to get there in a timely fashion. I believe the marketcap of Ethereum will surpass Bitcoin's sooner than later.

  9. #28
    jimicrk's Avatar
    SMF Badges of Honor


    Member since
    Sep 2013
    Location
    Tennessee
    Posts
    2,825
    Thanks
    2,917
    Thanked 4,838 Times in 1,877 Posts
    I bought a space heater the other day. Guess what I found inside?

  10. #29
    mikeinreco's Avatar
    SMF Badges of Honor


    Member since
    Dec 2011
    Location
    TENNESSEE
    Posts
    4,972
    Thanks
    1,257
    Thanked 5,023 Times in 2,350 Posts
    I opened this because I thought there would be a picture of a goat

  11. #30
    jimicrk's Avatar
    SMF Badges of Honor


    Member since
    Sep 2013
    Location
    Tennessee
    Posts
    2,825
    Thanks
    2,917
    Thanked 4,838 Times in 1,877 Posts
    I haven't seen Hobo around lately.

    He is the goat man

    Goo goo g'joob.

  12. #31
    TrapperX's Avatar
    SMF Badges of Honor

    Member since
    Nov 2021
    Posts
    2
    Thanks
    1
    Thanked 1 Time in 1 Post
    Yeah mining is tough but there is one coin you can still mine on 2GB cards and it's Vertcoin.
    They make it easy with their OCM (one click miner) but you do need to add it to your antivirus and windows defender exclusions.
    You can use other miners but this makes it easy.

  13. The Following User Says Thank You to TrapperX for This Post:



  14. Similar threads on the Scrap Metal Forum

    1. Crypto Mining
      By Ecycle Atlanta in forum Off Topic Discussions
      Replies: 6
      Last Post: 02-17-2018, 06:22 AM
    2. Bitcoin Mining Server Board
      By HiTechMike in forum General Electronics Recycling
      Replies: 7
      Last Post: 09-28-2016, 08:11 AM
    3. Urban Mining Recyclers, formerly Sooner A
      By UrbanMining in forum Introduce yourself
      Replies: 1
      Last Post: 03-20-2014, 10:11 AM
    4. New York city gold mining
      By maxa in forum Scrap Metal Spots
      Replies: 12
      Last Post: 02-19-2012, 08:52 PM
    5. Guatemala Mining
      By bcoop in forum Misc. Metal Recycling
      Replies: 5
      Last Post: 11-06-2011, 02:56 AM

Page 2 of 2 FirstFirst 12

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook