.png)
Tweet
People have questions, ask away!
Video cards are very hard to find these days and I've succumbed to paying scalpers 3x what a GPU would normally cost. With this said, the ROI is around 11 months with the inflated costs IF Ethereum was to stay static. I am betting that ETH will see 3000 to 6000 from the current 1800 this year. This will greatly reduce the ROI timeline. Energy is cheap where I live, it is a tiny fraction of what it costs elsewhere, under 5 cents for a KW/h.
If you have a gaming computer that has at least a 1000 series Nvidia or AMD card from the past few years with at least 6GB of RAM, you can mine. There's a ton of Youtube videos on how to get started. I like to use Gminer, I mine to the Ethermine pool, and my multi GPU open air mining rig runs on HiveOS off of a USB 3.0 thumb drive. I am using my old gaming motherboard which has 6 PCI slots. It doesn't matter if the slots are the full length 16x ones or the tiny 1x ones. You use 1X to 16X risers that will plug into any slot and go to the video card. You do not need a special mining motherboard. The GPU's do not need the full 16x lane to do their job. They are functioning as compute modules, no video is being pumped. My phone battery is dead, when I get up to charge it I will include pictures.
So my current setup uses 4 3060ti, 1080ti, 1070, and a water cooled 3080 which doubles as my VR flight sim rig. I have a 5th 3060ti coming soon and want to buy a 6th one soon.
My laptop has a 2070Super which I also mine with once in a while when I feel like having a boost.
I just added the two additional 3060ti's tonight so I don't have good numbers yet of my new earnings but it will be around 1200 USD a month. Ethermine pays out every .1 eth. This is at the current price of Eth. Pretty nice passive income and it is fully scaleable, just keep adding GPU's until your making what you want.
Are there risks? Yes, a ton of risk, and known changes to Ethereum which will directly hurt my mining income but are also expected to make the value of the coin go up. Within a couple of years Ethereum is moving towards proof of stake instead of proof of work, this means no more miners needed. Am I worried? No, I am looking at two to three other coins I can mine instead with my GPU's. IT will be an opportunity to mine other coins that are much younger and will allow me to create a large quantity of them in the hopes one day they will be worth a lot.
Most people will choose to go out and buy the coins directly and trade them like stocks. This could be even more profitable with no overhead. Flipside is that I still make money on a bad day, and basically making my own money.
Some things I've learned, I very much like 3060Ti's. They will do 60MH/s or mega hashes a second, they will do this at 150 to 160 watts all day long. 3070's cost more but do not produce a higher hash rate.
3080's will do 90+ MH/s but their VRAM runs hot, why I water cooled mine.
3090's are even worse as they have additional VRAM chips on the back of the PCB that can't even get watercooled.
Oh yeah, 3060ti's don't need water cooling, they run cool.
If you want to calculate earnings with various hardware and coins, learn to use this web page, https://whattomine.com
Video cards are very hard to find these days and I've succumbed to paying scalpers 3x what a GPU would normally cost. With this said, the ROI is around 11 months with the inflated costs IF Ethereum was to stay static. I am betting that ETH will see 3000 to 6000 from the current 1800 this year. This will greatly reduce the ROI timeline. Energy is cheap where I live, it is a tiny fraction of what it costs elsewhere, under 5 cents for a KW/h.
If you have a gaming computer that has at least a 1000 series Nvidia or AMD card from the past few years with at least 6GB of RAM, you can mine. There's a ton of Youtube videos on how to get started. I like to use Gminer, I mine to the Ethermine pool, and my multi GPU open air mining rig runs on HiveOS off of a USB 3.0 thumb drive. I am using my old gaming motherboard which has 6 PCI slots. It doesn't matter if the slots are the full length 16x ones or the tiny 1x ones. You use 1X to 16X risers that will plug into any slot and go to the video card. You do not need a special mining motherboard. The GPU's do not need the full 16x lane to do their job. They are functioning as compute modules, no video is being pumped. My phone battery is dead, when I get up to charge it I will include pictures.
So my current setup uses 4 3060ti, 1080ti, 1070, and a water cooled 3080 which doubles as my VR flight sim rig. I have a 5th 3060ti coming soon and want to buy a 6th one soon.
My laptop has a 2070Super which I also mine with once in a while when I feel like having a boost.
I just added the two additional 3060ti's tonight so I don't have good numbers yet of my new earnings but it will be around 1200 USD a month. Ethermine pays out every .1 eth. This is at the current price of Eth. Pretty nice passive income and it is fully scaleable, just keep adding GPU's until your making what you want.
Are there risks? Yes, a ton of risk, and known changes to Ethereum which will directly hurt my mining income but are also expected to make the value of the coin go up. Within a couple of years Ethereum is moving towards proof of stake instead of proof of work, this means no more miners needed. Am I worried? No, I am looking at two to three other coins I can mine instead with my GPU's. IT will be an opportunity to mine other coins that are much younger and will allow me to create a large quantity of them in the hopes one day they will be worth a lot.
Most people will choose to go out and buy the coins directly and trade them like stocks. This could be even more profitable with no overhead. Flipside is that I still make money on a bad day, and basically making my own money.
Some things I've learned, I very much like 3060Ti's. They will do 60MH/s or mega hashes a second, they will do this at 150 to 160 watts all day long. 3070's cost more but do not produce a higher hash rate.
3080's will do 90+ MH/s but their VRAM runs hot, why I water cooled mine.
3090's are even worse as they have additional VRAM chips on the back of the PCB that can't even get watercooled.
Oh yeah, 3060ti's don't need water cooling, they run cool.
If you want to calculate earnings with various hardware and coins, learn to use this web page, https://whattomine.com
Comment