NexusFi: Find Your Edge


Home Menu

 





Building a Crypto Mining Rig


Discussion in Cryptocurrency

Updated
      Top Posters
    1. looks_one Silver Dragon with 30 posts (91 thanks)
    2. looks_two DavidHP with 9 posts (21 thanks)
    3. looks_3 SMCJB with 7 posts (24 thanks)
    4. looks_4 cdnftrstdr with 6 posts (26 thanks)
      Best Posters
    1. looks_one cdnftrstdr with 4.3 thanks per post
    2. looks_two SMCJB with 3.4 thanks per post
    3. looks_3 Silver Dragon with 3 thanks per post
    4. looks_4 DavidHP with 2.3 thanks per post
    1. trending_up 17,539 views
    2. thumb_up 227 thanks given
    3. group 20 followers
    1. forum 71 posts
    2. attach_file 25 attachments




 
Search this Thread

Building a Crypto Mining Rig

  #31 (permalink)
 
Silver Dragon's Avatar
 Silver Dragon 
Cincinnati Ohio
Legendary Master Data Manipulator
 
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238

I was in the right place at the right time and scored a 3080 last week. With both cards in the case it was running a little warm. Backed off the 3060 ti and added some fans. I have GPU risers on order. They won’t be here till the end of the week.

The original power supply was not adequate to run both cards. Upgraded to a 1000 watt power supply I had in another pc. This psu should be able to run at least 2 more vid cards.
I am going to Lowe’s to get material to build a open air rig this weekend.

The 3080 puts out roughly a 100 MH/s. Once I get it out in the open I will tweak it.

Robert




2B22BA64-E9A5-4DD2-884C-17CF33D6F41E


CFC717B2-2015-4B5B-B4AE-6280AEDD5681


890BA050-678C-4D1C-B1A9-8D95BD87307B



66EEF673-C9DA-4288-BAC2-4F26DCED880C

nosce te ipsum

You make your own opportunities in life.
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
Traders Hideout
REcommedations for programming help
Sierra Chart
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
How to apply profiles
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
33 thanks
Just another trading journal: PA, Wyckoff & Trends
28 thanks
Bigger Wins or Fewer Losses?
23 thanks
Tao te Trade: way of the WLD
23 thanks
GFIs1 1 DAX trade per day journal
21 thanks
  #32 (permalink)
 
GruttePier's Avatar
 GruttePier 
Amsterdam, The Netherlands
Market Wizard
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: NinjaTrader Brokerage
Trading: CL, ES
Posts: 1,777 since Dec 2013
Thanks Given: 4,519
Thanks Received: 8,698

Here's my rig, I just finished it.

I had the cards RTX 3070 running on my trading pc and son's gaming pc (splitting profits ) while waiting for the remaining parts.

It currently mines 0.2 ETH per month.
I'm looking to add a 3080 but there are sold out currently.


Visit my NexusFi Trade Journal Reply With Quote
  #33 (permalink)
 
GruttePier's Avatar
 GruttePier 
Amsterdam, The Netherlands
Market Wizard
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: NinjaTrader Brokerage
Trading: CL, ES
Posts: 1,777 since Dec 2013
Thanks Given: 4,519
Thanks Received: 8,698



Silver Dragon View Post
I was in the right place at the right time and scored a 3080 last week

Well done! I'm jealous, I want this card too

Good luck with building the rig, it's fun to do.
Are you going to run HiveOS on it?
It's very easy to set it up and get it to mine.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #34 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
Thanks Given: 2,958
Thanks Received: 2,853


GruttePier View Post
Here's my rig, I just finished it.

I had the cards RTX 3070 running on my trading pc and son's gaming pc (splitting profits ) while waiting for the remaining parts.

It currently mines 0.2 ETH per month.
I'm looking to add a 3080 but there are sold out currently.


Nice rig. The rack looks similar to the ones I built back in 2014 from aluminum I picked up at Lowes. I'll see if I can dig up pictures and post here. Fun times.

~vmodus

Enjoy everything!
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #35 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,611 since Aug 2009
Thanks Given: 11,341
Thanks Received: 2,744

I've never done mining... Barely have time to trade lately but...

What makes this rig so special?



Innosilicon A11 Pro 8GB

I saw this is a new system not even on the market yet and claims it will produce nearly $200 a day mining. WOW.

At that rate, is there a catch? Or is this like printing money?
If this is correct, I can buy two of these and quit my job today.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
  #36 (permalink)
 
Silver Dragon's Avatar
 Silver Dragon 
Cincinnati Ohio
Legendary Master Data Manipulator
 
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238


DavidHP View Post
I've never done mining... Barely have time to trade lately but...

What makes this rig so special?



Innosilicon A11 Pro 8GB

I saw this is a new system not even on the market yet and claims it will produce nearly $200 a day mining. WOW.

At that rate, is there a catch? Or is this like printing money?
If this is correct, I can buy two of these and quit my job today.

@DavidHP

This is a ASIC miner which is different than a GPU miner. Its specifically made for mining. Instead of using 110v most use 200v to 240v to run. They are very loud (75 db for this one) and run very hot which means you couldnt run this in your living room and watch TV in the middle of summer. Assuming you could find one they will probably cost cost 20 to 30 grand. Scalper price will probably be 30 to 50 grand. It would take 4 to 6 months before you just to break even at retail.

I have looked into these. The voltage requirement price plus heat and noise make them a non starter for me. You really need a commercial property to run multiple of these with proper electricity and ventilation. By then your talking 100 grand or more.

Robert

nosce te ipsum

You make your own opportunities in life.
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #37 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,611 since Aug 2009
Thanks Given: 11,341
Thanks Received: 2,744

Thanks for the update.
I looked at a few videos about ASIC and it seems they do well but are limited to one coin and are a very expensive investment for hardware.

I may try to set up a GPU miner just for fun but from what @sam028 posted, it seems like it may not make enough $ to be worth it.

I'm about to start construction on a new place on the Carribean and I've been checking into using thermal cooling in the house. I wonder if that could be adapted to cooling a mining rig?
It seems like that would be possible but I've never seen anything like that.


Silver Dragon View Post
@DavidHP

This is a ASIC miner which is different than a GPU miner. Its specifically made for mining. Instead of using 110v most use 200v to 240v to run. They are very loud (75 db for this one) and run very hot which means you couldnt run this in your living room and watch TV in the middle of summer. Assuming you could find one they will probably cost cost 20 to 30 grand. Scalper price will probably be 30 to 50 grand. It would take 4 to 6 months before you just to break even at retail.

I have looked into these. The voltage requirement price plus heat and noise make them a non starter for me. You really need a commercial property to run multiple of these with proper electricity and ventilation. By then your talking 100 grand or more.

Robert


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
Thanked by:
  #38 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,611 since Aug 2009
Thanks Given: 11,341
Thanks Received: 2,744

This will give you some more information and give you a better perspective.
(This is not me and I have not verified the information)


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
Thanked by:
  #39 (permalink)
peppershaker
Calgary Alberta
 
Posts: 5 since Feb 2021
Thanks Given: 0
Thanks Received: 1

I mined for a while in the past and the biggest problem I had was with fan failure. These retail cars are just not designed to be used 247. Also had problems with just straight up failures

Reply With Quote
Thanked by:
  #40 (permalink)
 ahrink 
Park Ridge IL
 
Experience: Intermediate
Platform: NT,MC,Andromeda,R Trader
Broker: Optimus, CQG, AMP
Trading: NQ,CL,FX
Posts: 28 since Aug 2018



Silver Dragon View Post
Hey all

I am going to use this thread to document the building of my Crypto Mining Rig. Over the past couple of weeks I have done a crapload of research on where to start, what hardware is needed. What I have discovered is there is a ton of nuances to the whole mining thing. What makes it somewhat difficult is the lack of centralized documentation. Everything is scattered across multiple sites and YouTube. However, I have been able to piece together enough to get started.

Here is the motherboard, CPU and hard drive used. There is 8GB of memory. It will support 7 video cards. The goal is to work up to 4 video cards by summer time. At that point I will have to make a open air rig. I currently have another one on order which should be here by the end of March.


The video card is RTX 3060 TI. This is the latest release from Nvidia. This thing is a beast!

The operating system is HiveOS. It is a Linux based OS which is specifically made for mining. The HiveOS web and mobile interface in short is bad ass. I can control and make changes to my rig from my laptop or mobile device.

I officially got it up and running yesterday. I have been playing with the settings and figuring everything else out. So far so good!

If you have a rig yourself please post! I would love to see what everyone else is doing.

Robert

20210408 By Zhiye Liu 20 days ago
https://www.tomshardware.com/news/cryptominers-fool-nvidia-anti-mining-limited-hdmi-dummy-plug

20210408 By Zhiye Liu 9 days ago
https://www.tomshardware.com/news/nvidia-anti-ming-limiter-dead-seven-geforce-rtx-3060-mining

1,020W -> 336 MH/s Ethereum is mined with a GPU
gamecredits, gulden, Einsteinium, ViaCoin, GoldCoin, SumCoin, MinCoin, Auroracoin, Digibyte, Dogecoin, Litecoin, Verge

"I will if you want a windows or hiveos setup" $17,500.00
https://www.ebay.com/itm/4-Rtx-3090-mining-rig-460-M-h/254934413939?hash=item3b5b467273%3Ag%3A%7E8UAAOSwd49gZ7o2&LH_ItemCondition=1000%7C2500

Concluding, the picture [as an assembled structure] is, would you trade 17k rather than hobby w/ETH?
If one will ask me, seems fair to me, I did choose to trade!

meanwhile, please find me a good price on GPU/s [:0)]

AHR20210409 [have a nice day "Einsteinium"]

PS: do you think you are the only one who looked into it? -- you are not alone pal.
[oh, and please ignore my sarcasm, nothing personal -- the market is a quest]

Follow me on Twitter Reply With Quote




Last Updated on August 14, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts