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It’s actually quite a hassle.
The ETH is mined to my ETH wallet. I then transfer the funds to Binance (still in ETH), convert it to BTC and then buy the RVN/BTC pair.
If there is an easier way I very much like to know.
Thanks for the info! After doing some research into this it appears the easiest way to do this is to use Ledger. You can directly change from one coin to another using their provider Changelly without the hassle of moving stuff around. Plus your in control of your coins.
Change NOW has similar functionality but does not allow partial shares (like 0.1) of ETH.
Hello!
What do you think about AMD Radeon RX 5700 XT?
I read on videocardz.com that the upcoming GeForce RTX 3060 could hit the market with significant limitations for cryptocurrency mining, it was cited that its hash rate dropped by half.
Retail electricity rates are what eventually drove us out of mining back in 2014. We were looking at a commercial space to set up mining, but our hardware vendor went belly-up, so that idea ground to a halt.
The most cost effective mining is done near a power plant (hydro is a good candidate), where surplus electricity is cheap, especially in non-peak times.
I am not an engineer, but there is a ton of thermal exchange that you have to deal with (I am sure @lexknight has noticed the warmth ). You have to do something with that heat, or you are going to shorten the life (and profitability) of your equipment.
One of our solutions with the ASICs we were trying to purchase was going to be a custom liquid cooling solution with a heat exchanger outside the building. I am kind of sad, as I was really looking forward to the challenge of building that solution back in the day (2013-14).
But seriously, it is a lot of heat to deal with. In the picture shared, I would be concerned with the heat shortening the life of the cards based on being so close to the wall. We had our three rigs sitting in the middle of our open floor plan office (~1000 sq ft, 12 foot ceilings) and we did not even need to run the heat in the winter. Shorts in January in the office.... dress code.
One final consideration, with respect to energy cost, is the power supply of the rig. We used 80 Plus Platinum (I don't think Titanium were available... cannot recall) rated power supplies. More efficiency = lower cost. I would use a minimum of a Platinum power supply.
Heat is exactly why I usually only mine during the cold Minnesota winters. I call it mining season. It could also be why there is a Cray (super computer) site in Minnesota too. All they would have to do is just open the window and save on heating costs.
Not who you quoted, but I can speak a little on 5700s.
2 of my cards are 5700's - one is an XT the other not. You can bios mod the non-XT ones to basically make them the same specs as XT. Both of mine get basically the same hash rate after bios modding.
Personally I'm a fan, I'd rather run 1 5700 than 2 580s, frees up a slot and close to the same hash rate. Sucks all cards are basically double the price they were last summer now, really wish I had put more into the rigs at that time.
5700s come in different shapes and sizes, one of mine is a 2 fan MSI one, the other a 3 fan Red Devil and its huge in size, if that's a consideration.
Definitely throws off some heat, I've got additional fans now not pictured to keep it running cooler and also take advantage of the heat, spread it around the place. Living in Canada it's been a pro all winter for sure. Summer wasn't too bad, just a few windows open. I thought about setting up a few more rigs and the heat is definitely a huge consideration though. The fans also have been something to think about, nice to have them blowing but creates enough noise that it's noticeable and moderately annoying.