Is it hard to set that up? I really want to mine some eth myself, have no idea what is needed for the hardware though

This post was edited by Duckling on Apr 28 2021 04:13am

yes you need high graphic card and u have tutorial on YouTube its pretty easy but u Will pay the energy also not a good Worth for my opinion, you better make a blockchain account and spend 25-50$ a week and in 3-4 Years u hodl and u Will have a good cash down if u cashout it for sure

Ah you just mean buy and hodl instead of mine. Was going for both

yess lol holy tits nicee

All you need to mine is a computer and a graphics card. I personally use cudominer, because it puts itself in the background and I can still flawlessly use my computer and play games without having to manually stop or set mining priority.

The best GPUs are the newer ones, but you can go back like 5 years and still be profitable, assuming you can find them lol.

If you want to set up some kind of mass-mining operation, then you need a motherboard with a ton of PCIe slots. They sell them specifically for this purpose where they have like 15 PCIE 1x slots you can attach risers to and mine with. Then you need power supplies that can power all the GPUs, and that's basically it. Besides a motherboard, GPU, and power supply, nothing else matters. Stick a single stick of ram there to run the system, whatever the cheapest compatible processor you can find is, and hook it up to the internet and you're golden.

Guessing the rig needs to be setup outside ? Seems like it’ll shoot my electric bill through the roof

Why would it need to be setup outside? I mean, you need a well ventilated room. Mine is just in my office since I also use it as my gaming setup. If you have a basement that's cold then that's perfect.

My 3090 uses about 350W going full blast, so 24H/day * 0.350KW * 0.09 c/KWH = $0.75/day. The rest of the setup is negligable compared to the GPUs.

Also don't keep it in a case. Keep it open-air for better ventilation.

The biggest impediment to mining is the startup cost. You can get a cheap 3090 from microcenter for about 2k, but they only let you buy one graphics card a month. So you have to pay scalper prices which is about a 50-100% markup. So you're looking at about $10 a day profit on a $3-4k investment, so that's a 400 day payack assuming constant daily profit. And since the GPUs are so power hungry you need a good PSU, probably like gold or platinum efficiency to keep electricity costs down, and you'll need another $300 PSU for every 2 or 3 3090's you get since you don't want to go over 75% utilization so you can maximize life of the PSU. And the motherboards are like $300 each but you can hook 10-15 GPUs up to it, and the motherboards have 3-4 power slots to maintain simultaneous turning on and of.

So for a full GPU rig you're looking at about 3k/gpu, times 10 gpu, plus 3*300 for PSU, plus about 500 for the motherboard, RAM, and processor. So about 32k, to produce about $100 a day in profit.

Not bad if everything stays the same, but if crypto tanks you're fucked.

Also eth should be PoS soon anyway

MMMMMMMMMM

Hmmm?