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Crypto Mining

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  1. #1
    Ecycle Atlanta started this thread.
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    Crypto Mining

    I wanted to start this thread to see if any SMF members have done mining for crypto-currency. I'm not looking for a discussion on whether its good or bad, or the history of bitcoin. Instead, I'm looking at my warehouse full of used IT equipment and figuring out a way to piece some of it together to do some mining. My thoughts are that it will only take some of my time and a slightly higher electric bill to run a system. I have some "high end" gear, such as 2gb and up video cards, and servers/computers are plentiful. Anyone else been in this spot and decided to give it a try? Have you had much success? Any tips or pointers for someone wanting to dip their toe in the crypto pond with little investment?


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    Better than the dump!

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  4. #3
    Ecycle Atlanta started this thread.
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    Ya, I read that but it dealt more with investing and the history of bitcoin, etc. Hoping someone on here has actually done a setup using spare parts from equipment. I'm doing a setup now to try it out. Would post pictures but in the many years since I joined I still havent figured out how to post pictures easily


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    Go to the last page of that thread. AGW gets into some pretty technical stuff. I don't know if it's totally relevant to your curiosity but it is illuminating.

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    Ecycle Atlanta started this thread.
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    True that! I went back and looked at the relevant posts on that thread. Some of it is way over my head, but giving it a shot anyway. Thanks!

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    Quote Originally Posted by Ecycle Atlanta View Post
    My thoughts are that it will only take some of my time and a slightly higher electric bill to run a system.
    Those rigs need to run 24/7 and will raise your electric bill a lot more than 'slightly' depending on how much you want to mine.

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    I am mining currently and there is some good you tube videos on the subject take a look at some of Brandon Coin's videos they are very informative along with GooseTech. There are ponzi schemes out there for sure. I am no expert for sure buy learning alot.

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