Discussion in 'Blazers OT Forum' started by kjironman1, Feb 20, 2021.
I have a pal who was at the big NFT convention in New York this week. I just don't get it.
Crypto. You can build a system and run it at home. Similar to building a home PC just heavy on the GPUs. They use a lot of power but seem to be fairly profitable and scale well as long as you have power. I'm still researching the details but it seems easy enough, just a little expensive to get rolling on anything worthwhile. You can mine some crypto on your home PC but it won't end up being much. Perfect geek project.
You have to be careful about what you mine. As a project, yes, it's fun. But it's hard to turn a profit from what I've read.
I've heard of some people mining shit coins and when they peak exchanging for etherium or bitcoin to pay for the power. I'm not sure how much of a profit they're making though.
I should have a rig at work... They'd never notice the power draw... Probably wouldn't even care.
That's where Im at in my research. Some crypto pays out in bits and some pays out like a lottery system, where someone wins the block. That prices out home guys on the big ones. Also eth is converted and won't be able to use current GPUs for some reason and different crypto isnt compatible with some hardware. There are also super miners called ASICs that are really powerful but specialized for certain crypto and some crypto is ASIC resistant. It's all quite the rabbit hole. I'm thinking the best way to dip my toes in is go build a 6 GPU system of 2090s, then either work on upgrading or expanding go 30xx. That's seems to be the most casual way to go with the most options.
There are some hashrate calculators that show how much you will profit per coin and electricity costs, but that's assuming a stable price.
Sounds awesome. At least, like a lot of fun. I'll be interested in hearing how it goes.
Sure would be easier if GPUs we're more available. Getting them is a project in itself it seems.
Yes, you can thank crypto for that... Lol
Check this out.
Thats a great video covering the basics.
These guys are pretty popular for prebuit rigs.
They are sold out on most units but there are a few available, mostly using 2060s. I think you could buy their rigs but source your own GPU on ebay for a lot cheaper. I bet you can build the rig for about half price also. Buying a partial prebuilt for a first run might be worth it for something to copy. The part I am most unsure about is setting up the mining software and linking it to crypto wallets.
One question I have is can you use a mixed set of GPUs or do you need to match them as close as possible? My hunch is that you can mix and match but Im not sure.
Eth 4700 ATH
Eric you've been posting less....it's like you got married or something..oh wait......
Been a bit fatigued after getting the booster and then I kind of sprained my knee last Thursday, reaggrevated an old MCL sprain.
nobody calls their new wife an old MCL sprain! Heal em up....I've been fatigued but it's because I'm old as dirt
So to all the nerds who are piped into this crypto stuff, what’s the next shiba inu meme coin that is going to explode?
Too many similarities to a pyramid scheme.
GET IN EARLY OR GET FUCKED!
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