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I Started Mining Ethereum at the WORST possible time!!!

Talk about late to the party. But hey - I'm in the for the ride. Like and subscribe to follow my crypto journey. Ethereum for the win! I hope....

Пікірлер: 17

  • @TotesCray
    @TotesCray2 жыл бұрын

    Need to leave some room around that 3090 or it will overheat. Good luck! I'm hoping you end up profitable, because that means those of us who didn't wait until now will be making money hand over fist.

  • @StuffAboutStuff

    @StuffAboutStuff

    Жыл бұрын

    Well it didn’t work out too well for me….hope you’ve done ok :D

  • @ne0tas
    @ne0tas2 жыл бұрын

    i wouldn't even bother with eth IMO I personally mine lower cap coins (even if they arent as profitable, I like to support the networks and have the hope that the low cap coin can 10, 20, 30x in the future which will give far better returns than mining straight eth

  • @StuffAboutStuff

    @StuffAboutStuff

    2 жыл бұрын

    I get the prospect mining idea provided you are paying less for your electricity than you are getting in coin, but If they're not profitable why don't you just buy them? I mined raptoreum for a bit but I was making a 5% profit so it was just chewing through electricity.....I guess there's an argument for supporting the networks... If I'm not making a 20% margin I'm buying instead of mining....I have ETC, SHIB, BTC, BCH, DOGE, TON, RVN, RTM, im not solely hedging ETH its just the most solid value proposition right now I'm running the new lolminer now so I've got the same ETH hash but now I get TON from the GPU core while its idle....no down side - great feature. :D

  • @ne0tas

    @ne0tas

    2 жыл бұрын

    @@StuffAboutStuff I mine so I can avoid KYC. Even if I want to do P2P for purchases, its around a 15% tax for that. Ill stop mining if its a severe drop in profits, or scale back hashrate and increase efficiency.

  • @jontessmer6674
    @jontessmer66742 жыл бұрын

    Love the enthusiasm but yourway late and got some wildly inefficient GPU's. Sell now and wait literally 3-4 weeks for prices to fall even further

  • @StuffAboutStuff

    @StuffAboutStuff

    2 жыл бұрын

    Yeah definitely late - the 6700XTs are ok 46Mh for 110w isn’t too shabby - you have to go for a dedicated mining gpu to significantly improve on that - but I decided I wanted gaming gpus I can re-use or re-sell. If I wanted dedicated mining hardware I would just order an ASIC…. 580 is going to be heading in the wrong direction after POS on ETH though - not really profitable on RVN already….their days are numbered in rigs unless you’re prospecting sh17coin s… But to be fair - it’s not like I have a lot of choice - finding retail priced cards was not easy….there’s a bunch popping up now but back in November they were hens teeth!! I’m going to plough on and push through and see what happens….currently running a 50% profit margin despite the dip so while it’s profitable I’ll keep going….

  • @StuffAboutStuff

    @StuffAboutStuff

    2 жыл бұрын

    Yeah! That 3090 continues to be an adventure - I made space and put a fan on the back to help the ram cool - I’ve also changed the pads now but still some form of power throttling (not currently saying heat throttling - it’s power throttling). Next stop is a bios flash - then if that doesn’t work I’ll be resorting to water cooling…..I’m resigned to just using it in my desktop rig now….I’m lucky if I get 80 mH and it’s horribly inefficient in throttling mode so I’m better off gaming with it and getting a couple more Amd 6700xt to compensate.

  • @kylejackson1158
    @kylejackson11582 жыл бұрын

    I know this is wildly off topic, but do you still have your RX8? And are you still supercharging it?

  • @StuffAboutStuff

    @StuffAboutStuff

    2 жыл бұрын

    Hi Kyle No I’ve sold my rx8 now - the supercharger project was sold on to another rx8 owner; my engine started to fail and needed a rebuild and foot problems mean I had to get an auto so continuing the supercharger project didn’t make any sense. On the plus side I now have a Maserati with 2 turbos so….it’s all good. Would have loved to finish it though :D

  • @kylejackson1158

    @kylejackson1158

    2 жыл бұрын

    @@StuffAboutStuff congrats on the upgrade man! If you have a twin turbo Maserati you must be doing sometning right!