Results 1 to 20 of 20

Mining Rig from Scrap?

| Computer Recycling
  1. #1
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 940 Times in 408 Posts

    Mining Rig from Scrap?

    So I was thinking about trying to recycle some of the PC scrap I have on hand to make a basic GPU mining rig. Unfortunately I am too far removed from current tech to do this on my own. Wondering if anyone would have some advice.


    What is a good minimum CPU to use?
    I am going to look over the PCs that I have not scrapped yet, is there any one in particular that I should look for? (operating system, processor, etc. or Brand)
    I imagine I will have to buy a GPU card for the job, but if that is all I have to buy, that would be cool.




    I know this isn't a cryptocurrency forum, but I know some of you really know your hardware and thought this type of recycle project might be fun. Thanks!
    Copper, brass, and Leather. 3 of my favorite things.

  2. The Following User Says Thank You to HipoGear for This Post:



  3. #2
    mikeinreco's Avatar
    SMF Badges of Honor


    Member since
    Dec 2011
    Location
    TENNESSEE
    Posts
    4,012
    Thanks
    1,077
    Thanked 4,206 Times in 1,898 Posts
    I would say an i series with an aftermarket board and nice power supply would be a good start
    BUYING ALL COMPUTER SCRAP WORKING OR NOT
    CHECK OUT MY BUYERS THREAD http://www.scrapmetalforum.com/scrap...nic-scrap.html

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


  5. #3
    Evan's Avatar
    SMF Badges of Honor

    Member since
    Apr 2014
    Location
    San Jose, CA
    Posts
    87
    Thanks
    83
    Thanked 101 Times in 42 Posts
    That's a really interesting idea. I've always found cryptocurrency fascinating, but unfortunately my knowledge on the subject isn't all that great either so take what I say with a grain of salt. From what I understand bitcoin mining is really hard to get into now days. I think the biggest hurtle for you with bitcoin would be power consumption. That is the biggest cost in it, and older electronics are of course less efficient than newer ones. Here is a good video on the topic.


    If you are going to get involved you might want to try a different cryptocurrency. Another cryptocurrency that might interest you is called Burstcoin.

    The Burst mining system is unlike any other coin in existence: it uses your existing free space on your hard drive to mine coins. Because of this, it is naturally more decentralized, and very low on power usage. The difference between mining and simply running your computer not mining is so negligible you will not notice a difference on your power bill. Due to the nature of the mining process, and the fact that it is mineable most efficiently and cost effectively mined on consumer grade storage hardware, the coin lends itself to being much more decentralized by design. Everyone has free hard drive space, and purchase of another drive specific for Burst mining represents a small cost. Since the mining process itself doesn’t take much power (as hard disks only average <5W power, just like charging a mobile phone) it makes sense to mine just because you can.

    This opens the door to the general public in a way that had never been possible before with other more ‘traditional’ style mined crypto-currencies. The mining process is very easy on hardware, and to date not a single piece of hardware has been reported to have issues due to the BURST mining process running on it. This means that you won’t have to worry about burning up your CPU or GPU like you would if you were mining the other types of cryptocurrency.
    https://www.burst-coin.org/proof-of-capacity

    For people who can get a hold of a lot of old hard drives this might be something to look into. Here is a great video on the topic.

    At any rate good luck with it whatever you do.
    Last edited by Evan; 05-05-2018 at 09:05 AM. Reason: Mistakes were made

  6. The Following 2 Users say Thank You for This Post by Evan:


  7. #4
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 940 Times in 408 Posts
    Thanks Evan. I agree that bitcoin mining is out of the question. I think I may be able to mine Ethereum if I get into a mining pool. Still looking into various options. I will take a look at Burst as I have not heard of it.

    Doing some more research tonight and it seems like it all comes down to the graphics card you buy. That is for the coins that require GPU mining. Gamers are pissed because mining has sent the cost of those costs to the moon.

  8. #5
    Gravitar's Avatar
    SMF Badges of Honor



    Member since
    Jul 2012
    Location
    Central Texas
    Posts
    1,074
    Thanks
    1,242
    Thanked 1,373 Times in 511 Posts
    Unless you have a bunch of really good graphics cards to run in a series, using escrap to mine cryptocurrency probably won't work too well. You'll probably end up burning more in electricity to mine the coins with CPU's and lower end graphics cards than the money the coins are worth. You could probably mine lower priced and "easier" coins but unless you can get free electricity you most likely wont make a profit. It is an interesting idea though and I'm interested to see if you can get it to work
    Made in China, Recycled in the Republic of Texas!

    "When the mind fails, brute force prevails" - CTSSolutions

  9. The Following 3 Users say Thank You for This Post by Gravitar:


  10. #6
    Evan's Avatar
    SMF Badges of Honor

    Member since
    Apr 2014
    Location
    San Jose, CA
    Posts
    87
    Thanks
    83
    Thanked 101 Times in 42 Posts
    Here is something else that might be worth looking into. Apparently you can sell your excess computing power to some places.

    Edit: Looks like solidify is dead. I heard about it some years back, but didn't know it had died. Maybe some of distributed computing options still work. At least the other sites mention in the article seem to still be up (DigitalGeneration, MQL5 Cloud network, Peer Zone). I've never tried it before so I'm not sure how well any of these places actually work.

    1. Slicify

    Using software created by companies like Slicify, you are able to set up a partitioned Linux Virtual Machine on your home PC. This means that other people can run software on your computer, without having access to any of your personal information, programs or files. It is essentially a small-scale version of what large companies like Amazon or are doing when they rent out their servers to other businesses. It is known as Distributed Computing.

    ......

    How do I get paid?

    Currently, Slicify uses PayPal to conduct payouts, so you will need to simply set up an account to get paid.

    Whenever your machine is rented, you are paid by the hour.

    If you make referrals to other people, you can also make referral bonuses from the work done on their computers.

    How much will I make?

    Larger companies using this process currently charge between $0.02 to $4.60 per hour depending on the need and capacity of the PC.

    For home computers, you can earn between $0.10 and $0.40 per hour, depending on the provider and service.

    You have a chance of making more on Slicify because bidders can compete for your PC.
    https://moneypantry.com/turn-pc-on-make-money/
    Last edited by Evan; 04-05-2018 at 01:28 AM. Reason: Corrections, New Information Added

  11. The Following User Says Thank You to Evan for This Post:


  12. #7
    gorven's Avatar
    SMF Badges of Honor


    Member since
    Jun 2012
    Location
    Pennsylvania
    Posts
    270
    Thanks
    705
    Thanked 372 Times in 136 Posts
    Stay away from cloud mining as most are scams. I would recommend watching goosetech or brandoncoin on you tube and look for starting mining on a budget. I use GTX1050's for mining as they are a nonpowered card. Also I suggest using awesome miner a place to mine in conjunction with mining control hub

  13. The Following 4 Users say Thank You for This Post by gorven:


  14. #8
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 940 Times in 408 Posts
    Quote Originally Posted by gorven View Post
    Stay away from cloud mining as most are scams. I would recommend watching goosetech or brandoncoin on you tube and look for starting mining on a budget. I use GTX1050's for mining as they are a nonpowered card. Also I suggest using awesome miner a place to mine in conjunction with mining control hub
    Thanks Terry, this is the kind of advice I as looking for. I will definitely watch some of their stuff. Those 1050's seem reasonably priced too.

  15. #9
    Ecycle Atlanta's Avatar
    SMF Badges of Honor

    Member since
    Apr 2011
    Location
    Outside Atlanta
    Posts
    734
    Thanks
    291
    Thanked 690 Times in 324 Posts
    I just set up a rig using "spare" parts from my operation. Sadly, the best I could find were 2gb cards. The cpu and ram are not that important, as the processing comes from the GPU (video card). I've learned a lot in this process just over the last couple weeks. I invested $$$ into new 6GB gpu's (qty4), plus bought a mining rack to keep it all together as my space is tight. Keep in mind this is a hobby and the money I spent was some of my "play" cash. The cryptomarket is trending down because of valuations and miners flooding the sector. However, I'm going to mine a number of different currencies and keep them in my wallet just in case one of them goes crazy in the next few years. Worst case is I fail and sell everything off and probably break even except for my time. One thing to keep in mind when building is that it is helpful to have the same manufacturer video cards in your rig. I've found there are more obstacles to climb when you mix and match gpu's. Anyway, the fun is in the learning so go for it and hopefully you hit that pot of gold

  16. The Following 6 Users say Thank You for This Post by Ecycle Atlanta:


  17. #10
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 940 Times in 408 Posts
    So I've got a working machine, sans GPU card. I used a Dell with a Vostro 230 Mother board, Dual Core CPU, 4GB RAM, 750W power supply, and am using a 1TB laptop hard drive.

    I had to erase the hard drive and I installed Lubuntu. I thought I would start doing some CPU mining until I can buy a GPU. I don't know Lubuntu at all though and wasn't successful installing the miners I needed. So i'm going to have to install Windows 7 to continue.

    I thought I would start with CPU mining of Verium and Sumokoin. I'll have to sell some more scrap until I can afford a proper GPU, then I will probably mine Ethereum or Zcash. I'll update this thread as I make more progress.

  18. The Following 3 Users say Thank You for This Post by HipoGear:


  19. #11
    Sirscrapalot's Avatar
    SMF Badges of Honor


    Member since
    Mar 2012
    Location
    A sandbar off the atlantic..OBX,NC
    Posts
    6,042
    Thanks
    11,651
    Thanked 8,540 Times in 3,779 Posts
    I never thought I'd see the day when I'd say..."Back in my day, we didn't have bit coins an Ethereum..but real metals that one mined physically...like gold, an iron.."



    Interesting thread even if it makes my head hurt an makes me feel old.



    You thought I was going to put a goat didn't you? HA!

    Sirscrapalot - If people are talking about you behind your back, just fart. - Helpful life advice from the oracle known as Google.

  20. The Following 6 Users say Thank You for This Post by Sirscrapalot:


  21. #12
    Ecycle Atlanta's Avatar
    SMF Badges of Honor

    Member since
    Apr 2011
    Location
    Outside Atlanta
    Posts
    734
    Thanks
    291
    Thanked 690 Times in 324 Posts
    Hey, I'm over 50 and got a few milleminals (its how i pronounce it haha) working for me to help with it. The new tech stuff helps me to feel like I'm still up to date with certain things, although they can keep all the current noise they call "music" .

    Just trying to stay relevant so I'm not the guy yelling "Get off my lawn!!!"

  22. The Following 5 Users say Thank You for This Post by Ecycle Atlanta:


  23. #13

    Member since
    Apr 2018
    Location
    Hayward, California
    Posts
    7
    Thanks
    9
    Thanked 6 Times in 4 Posts
    I had a similar idea! I found a couple solar panels and wanted to use them to power a basic mining rid. Electricity would be free, but wondering if it makes more sense to just lower my electricity bill instead

  24. The Following 3 Users say Thank You for This Post by ricarecycling:


  25. #14
    SMF Badges of Honor



    Member since
    Jul 2011
    Location
    Jacksonville, NC
    Posts
    4,692
    Thanks
    14,403
    Thanked 5,525 Times in 2,546 Posts
    Quote Originally Posted by Sirscrapalot View Post
    I never thought I'd see the day when I'd say..."Back in my day, we didn't have bit coins an Ethereum..but real metals that one mined physically...like gold, an iron.."



    Interesting thread even if it makes my head hurt an makes me feel old.


    You thought I was going to put a goat didn't you? HA!

    Sirscrapalot -
    You did put in a goat, come to think of it two old goats the one in the cartoon and you can figure out who the other one is. From another old goat. 73, Mike
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked

  26. The Following 2 Users say Thank You for This Post by miked:


  27. #15
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 940 Times in 408 Posts
    I don't think I will pursue this after all. I did get a machine up and running. Found a good working 750 Watt power supply. Set it up to CPU mine and let it run for about 4 days. Didn't earn squat.

    I know that getting a proper GPU would change that. But, with the prices the way they are it often takes over a year to get a ROI.

    I live in a kind of small place and don't have a good space for it. The CPU fan was making quite a bit of noise when it was running. I just can't justify both the cost and inconvenience. Would love to hear some success stories though for anyone who does decide to pursue this. Free energy (Rica's solar panels) would definitely make it more sensible.

  28. The Following 2 Users say Thank You for This Post by HipoGear:


  29. #16
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 940 Times in 408 Posts
    For anyone that is curious or thinking of starting, this chart may be helpful. I have no idea if it is kept up to date
    https://www.cryptocompare.com/mining/#/equipment

  30. The Following User Says Thank You to HipoGear for This Post:


  31. #17
    Ecycle Atlanta's Avatar
    SMF Badges of Honor

    Member since
    Apr 2011
    Location
    Outside Atlanta
    Posts
    734
    Thanks
    291
    Thanked 690 Times in 324 Posts
    Quote Originally Posted by HipoGear View Post
    For anyone that is curious or thinking of starting, this chart may be helpful. I have no idea if it is kept up to date
    https://www.cryptocompare.com/mining/#/equipment
    Interesting, but obviously unrealistic. If a device can pay back (ROI) in 5 days, it would be flying off the shelf and every major investor would be buying them (Antminer x3). The 300-400 day return is more reasonable. I got hooked on this and bought materials to make 2 potent rigs. Still testing the waters on different coins (musicoin currently), but showing some returns and the value of my cards are staying solid. In other words, I can get back my investment already, with a little extra, if i sold it all tomorrow. Plus i'm having fun on this hobby, and on the off chance it takes off again i'll have a nice reward.

  32. The Following 4 Users say Thank You for This Post by Ecycle Atlanta:


  33. #18
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 940 Times in 408 Posts
    That is definitely true, I forgot about the resale value part of it. Browsing CL or Ebay can certainly prove that.

  34. #19
    gorven's Avatar
    SMF Badges of Honor


    Member since
    Jun 2012
    Location
    Pennsylvania
    Posts
    270
    Thanks
    705
    Thanked 372 Times in 136 Posts
    I agree with ecycle although Im using mostly GTX1050's and I enjoy this hobby and as long as I cover the electric cost I will continue to mine and hopefully grow my little farm. Mostly into Litecoin right now however.

  35. The Following 3 Users say Thank You for This Post by gorven:


  36. #20
    Ecycle Atlanta's Avatar
    SMF Badges of Honor

    Member since
    Apr 2011
    Location
    Outside Atlanta
    Posts
    734
    Thanks
    291
    Thanked 690 Times in 324 Posts
    Quote Originally Posted by gorven View Post
    I agree with ecycle although Im using mostly GTX1050's and I enjoy this hobby and as long as I cover the electric cost I will continue to mine and hopefully grow my little farm. Mostly into Litecoin right now however.
    I'm using the MSI GTX1050 6gb ddr5's. Seems to be working really well. I like checking out other coins, so may I ask what factors were involved in your choice of Litecoin? I'm going to try a few different things to have a nice mixed "portfolio"


  37. 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, 07:22 AM
    2. Bitcoin Mining Server Board
      By HiTechMike in forum General Electronics Recycling
      Replies: 7
      Last Post: 09-28-2016, 09:11 AM
    3. Urban Mining Recyclers, formerly Sooner A
      By UrbanMining in forum Introduce yourself
      Replies: 1
      Last Post: 03-20-2014, 11:11 AM
    4. New York city gold mining
      By maxa in forum Scrap Metal Spots
      Replies: 12
      Last Post: 02-19-2012, 09:52 PM
    5. Guatemala Mining
      By bcoop in forum Misc. Metal Recycling
      Replies: 5
      Last Post: 11-06-2011, 03:56 AM

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