My Cryptocurrency Mining Journey

Status
Not open for further replies.
I will be posting a experience of a noob how i setup and questions i had and how i fixed ,some questions might sound silly ,non noobs please skip this post

Mistake 1 : most of rigs we keep the motherboard separate we don't have a on off button ,so initially it was hard for me to figure out how to use a tester or use something in motherboard to make it start.

Mistake 2 :I have a corsair psu i used to plug the gpu in the 6 pin socket ,cpu pin also having 6 pin socket ,initially i thought we can use any 6 pin socket for any cable ,but appropriate labelled sockets only works for appropriate cable

Mistake 3: I have 2 psu ,one is 1 kva another one is 450 w, as i wanted to use 4 cards i used to power motherboard with 450 w and card with 1 kva,apparently it needs a dual psu cable ,i tried without the cable it didn't worked,option 2 is to connect 1 card and undervolt it and move to next card
 
so far in winter there is zero power cut in my town ,im little scared because in summer there will be power cuts often
Your entire town cuts power? Not sure I understand. Could you elaborate, please?
 
Nice journey! What are the electric expenses in India? Good luck mate!
 
Do you have a generator if your electricity goes out in india? - Isn’t that more expensive to run

First 100 units is 4 rupees,next 100 units is 5 rupees,increases by 1 rupee per 100 unit till 1000 units,so far the electric connection is single phase holds upto 4 kva.
good luck, keep us updated

thanks will keep you updated
i doubt 1 year you can earn back your cost. Goodluck OP.
Lets see dude,it's just a try ,as i was thinking again and again for over 1 year to setup rig or not to setup and i have missed to mine monero when difficulty was so low (though i made a little with cloud mining) ,so i came to conclusion if i win i will have coins and hardware if i lose i will have at least hardware which i can sell for a price which is not big loss,rather living daily with guilty by feeling how loser i am ,it's better to take a step and even if gets loss ,i will move on

Your entire town cuts power? Not sure I understand. Could you elaborate, please?

Ok i live in south india ,past 1 year during winter period we had near zero power cuts ,but during summer we have power cuts often (couple of years ago there was power for 12-13 hours only due to heavy corruption ) So now only in summer i have to worry about power cuts often (not like 12-13 hours in the past if they will do so ,i have to buy back up UPS of good power)

Nice journey! What are the electric expenses in India? Good luck mate!
Thank you First 100 units is 4 rupees,next 100 units is 5 rupees,increases by 1 rupee per 100 unit till 1000 units,so far the electric connection is single phase holds upto 4 kva.
 
Ok i live in south india ,past 1 year during winter period we had near zero power cuts ,but during summer we have power cuts often (couple of years ago there was power for 12-13 hours only due to heavy corruption ) So now only in summer i have to worry about power cuts often (not like 12-13 hours in the past if they will do so ,i have to buy back up UPS of good power)
Ouch! Yeah, I'd definitely have to have a backup generator.
 
i have bench tested this with bitcoin , with very powerfull machines and profit was shite becouse maintenance cost and electricty out priced the profit .

i done it for 8 months , and gave up never profited for me .

but i have got a friend that does it with little computers in a large scale and earns huge .

you need the smallest amount of electric to run all the hardware , then you can profit huge .

normal hardwere wont get you enough income and like me just end up with a non profit method.

good luck.

hot wire nabours electric or use solo power lol
 
450 psu are you sure sounds very small for fan's working 24/7

your also need a huge home fan on the back of the rig on 24/7 ...

hardware love the cold not the heat.

you might get away with using water coolers and no home fan.
 
How many months will it take you to break even with your investment?
No one can predict this.

I'm closing in on one-year mining and I'm projecting 9-10x profit in that timescale.

Yes, I got it earlier than the OP and got lucky mining things like XVG, but the point is that predicting is not a good thing to do.
 
450 psu are you sure sounds very small for fan's working 24/7

your also need a huge home fan on the back of the rig on 24/7 ...

hardware love the cold not the heat.

you might get away with using water coolers and no home fan.
i have a 1 kva psu which is main ,my asus b 250 has 3 power supply ,so in one i can use 1 kva ,second so far im not using as im running only 4 cards ,and im running a huge fan to keep the room temperature

Again its a try ,i never mentioned that it will be success

"Remember Red, hope is a good thing, maybe the best of things, and no good thing ever dies."
 
Update :configured 2 cards ,running at 3.7-4.4 kh/s ,another 2 cards when i try its giving error,will keep updated
zM0Eh44
 
quick update,still i could not add the 3rd card ,getting memory error when i add the 3rd card.will keep you guys updated
 
5670dc3c2c2879d980f0d05e2337b7d9.png



Experimenting by mining ETH,will update comparative results soon
 
Status
Not open for further replies.
Back
Top