Hi Red Panda Mining, could you please do a video on how to build, set up and get started with a mining rig (for complete beginners). I have been watching your channel for some time now and I would realy like to start crypto mining for myself. THANKS
How do I message you about GPUs my bro you have helped me out in the past with a couple things. But I was wondering if there’s a way to chat you with GPUs I might be selling.
I wonder if a lot of GPU miners may initially move to ASIC resistant coins? That being said, I switched one rig to ETC a few days ago and tweaked some OC's to get some more MH/s overall. I'll keep buying GPU's when the price is right. As a small miner, I recently began when prices were at the start of coming down. So, I probably paid a bit too much for a few cards, but deals have come up, too, so it all comes out in the wash. Holding some and selling some to cover hardware.. but steady as she goes overall. I have a lead on some A2000's (6GB) for 600 USD, so that might be my next purchase......
Awesome video bro! Thank you for what you do for the community. It sucks so bad but at the same time, as you said, it would be unwise to totally ignore what's coming. Doesn't seem like the world is ever going to go along with POW, unfortunately. Maybe some hybrid stuff like FLUX but I doubt it will ever be as profitable as what we just experienced in the past few years. The smart thing imo is to position yourself according to the most likely of scenarios. I sold about 50% of my GPUs, and invested the money in crypto and staking. Also used some of the previously mined coins to buy a revenue-generating website and a duplex with the rest of the profit made. Basically building more passive income streams while reducing my exposition to GPU mining. I'm still extremely bullish on the crypto sector, just not on the POW tech, with the exception of maybe BTC. The GPUs will most definitely be a lot cheaper after the merge and even if they push it back, the price won't go back up in 1 day so Im pretty sure I could buy all the same GPUs I sold for less. Its basically a win win for me. Naturally, to each their own.
Everything is based on expense and volume. A small miner with less that 50 cards doing in his house or garage can try for different coins and play the variety. A large miner with 100's if not 1000ths of cards, renting warehouse space, would be best to dump a huge part of their GPU stock and move to ASIC in a smaller space or get out completely until a possible new leader come up and rebuild since they are in as high investment and have the capital to rebuild anytime. They are not in as a fan of mining but just as a profit venture.
The pressure on myself is now inexistant. I convinced my wife last august that i was going to invest in 2 GPU, (6700XT and 6600XT), also mining with my PC RTX2080 since July. I really really enjoy this hobby, and now i'm few weeks away to have officially ROI'd my GPUs (i've been selling every month to ''payback''). And now the fun begin, and that ETH PoW is dying couldnt be a better timing for myself, now i am free to explore, discover, try new coins etc... idgaf, im working with free hardware now. Lets the fun beging.
I see mining as expensive habit and a way to force me do saving (or investment). If I have currency in my bank account I tend to spend them on useless stuffs. That's why I'll keep buying GPUs especially at better price now.
@@sugarraybow there are other profitable coins to mine out there slightly less popular than eth but we’ll have to see if they remain profitable once people switch
Ethereum Classic is NOT going to allow ASIC miners to come over from regular Ethereum. They are geared more towards GPU mining and it was about a year ago when they lowered the dag file to allow 4 and 6 gigabyte cards to mine ETC.
thing is, it takes 9-15 months to break even, eth merger is 5-8 months away. Dont need to break even, but when everybody sells off their gpus you wont get much resell value, so you'll have invested for basically no profit, possibly even losses. Plus new gpus will also lower the resell value of these. At $500-600 a 3070 can still be worth getting, but no more than that. Not 800-900 and definetly not the previous 1000-1200.
The merge and as scary as it is, im excited for it. Gives me the perfect excuse to research no name coins and spec mine, while everyone goes nuts switching algos every day and blowing their breakers!
@@wilhelmkallstrom8199 you can go on wtm and pick whatever, but real spec mining takes effort to hunt down new projects. By the time someone else tells you about a project it's too late
@@wilhelmkallstrom8199 if you've never done due diligence on a coin before, no judgement but it's probably a good idea especially before you invest more into this space
I think that Ethereum Classic will take over and shoot to the moon when all the hashrate heads over. It's already pumping up. I think we will all be adding GPU if they are reasonable and it's in the budget. I'm finally going to be able to get into some higher end cards without spending $1000.
@@Dan-tw1zw Wasn't that supposed to be an issue for Ethereum, Ravencoin, Bitcoin? They all had pressure to sell from miners. ETC hit $174 last year and I'm HODL as much of my ETC bag as I can until it hits $150 personally.
I think we can raise enough hell to bring some people around to the importance of POW! Hopefully as people stay into crypto longer and slowly get dumped on by the eth billionaires they'll realize there's better chains where everyone gets a chance, not just the ico members
I agree not because of gpu mining but all the A11s and Jazminers. That's too much money for them to not bare minimum pump and dump on ETC to squeeze out every bit of profit. It's speculative but I've got a few of my gpus on ETC while it's hashrate is low
personally im just buying 1 or 2 more gpu (founders 3070) also ill prob build another 1 or 2 cpu rig for RTM since cpu mining will not be affected by the merge and after that im done. the longer we wait to expand the higher the risk gets, to the point where its not worth expanding very soon even if merge gets delayed until Dec. staking is not as fun as mining but its the only "safe" play at this point unfortunately. tho I guess if you want to be super risk adverse just convert fiat to USDC and send to celcius for 7.1%+ yield and done, 0 risk. but as for miners... we all going to be so fcked after merge and it will become survival of the fittest at that point (fittest in this case meaning cheapest electricity)
So here is the key question. The majority of GPU mining is against ETH. When that tap is turned off that will be a HUGE displaced hash rate that has to find a new home. If that all moved to the shite coins would there even be enough liquidity in them to support it and make it worthwhile?
That is the big question no one dares to answer, shit coins are giving 1.70-1.80$ profit right now, but that's taking into account NO one is mining them cause eth is there, when you free up thousands of megahashes to those coins the slice of the pie will get smaller and smaller, rewards will plummet, thats granted, the question is if you'll have to pay to turn on the miners. And a "massive pump" like this clown claims it's delusional, what's eth classic going to pump to? 200$? And raven?... Nonsense, mining is dead after eth 2.0, at least with gpus
The difficulty on those small coins are going to spike immediately and any blip of profitability will disappear. Literally, that hash rate will have nowhere to go, at least in terms of being able to make money.
@@user-jk4bx6zy1g I mean on this day I can get 80-90% of the same profits from rvn if I change my oc, I would expect people to change to other similar coins and therefore inflate them like what happened with eth, but I agree that a lot of people are coping really hard and not seeing the reality that things will probably change drastically for a lot of people, mostly people in countries with high electric fees because I’m pretty certain that at the very least efficiency won’t be the same for a good 3-6 months, if ever. It all depends on how much would miners inflate another coin like ETC, RVN or others, and if there’s a big migration to one specific coin or if it evens out between a lot of different ones
they do not make non lhr any more right so any one trying to get these cards are all going to be old. nvidia forcing us to buy 3090. My business depends on warranty coverage buying old possibly unstable gen 1 production cards is risky.
I've got 14x 3070ti , 3x 3080ti, 1x 3090 Founders Edition, I truly do not recommend them for mining, it looks like they got 2x fans but actually just one, they run too hot plus blow the hot air to each other, I bought them because they were the only FHR cards available at the time. (3070ti 60Mh, 3080ti 90Mh, 3090 124Mh) if you still want to buy FE go for 3070 or 3060ti
3070 Ti and 3080 Ti i are not FHR cards. Both are LHR only. The 3080 Ti should be able to reach at/near the 3090 hashrate if is was not LHR. Also a 3070 Ti pushed to the limit @almost 60 MH is not efficient, consumes a lot of power (and what follows). The 3090 is a monster, but it comes with a power/heat price (besides the purchase). Efficiency is decent though, but I personally would not like mining 24/7 using close to 300W on ONE card. As comparison, my 3x 3070(FHR) does 61,5 @ 109W, 117W, 117W. (can go higher, but why bother with 1-2 MH more @10+W more?) The good ting about 3070(FHR), is they are so efficient on ETH that heat is not as issue, even on the "non beefy cooler" cards. I also like the 3060 (FHR). 49@100W. That is decent. Even my "old" inexpensive 2060Super can do almost 44@90W. Which is practically the same efficiency as 3060(FHR).
@@Wushu-viking You talking BS, FHR LHR SXR TRR PRR don't matter, I gave the hashrates, I said why I bought them, the reason I bought them, then said not to buy for mining, plus I said if you insist get 3070/3060ti, so why you replied my comment like a spastic instead of adding a new comment. Punk
What is something that you wish you did differently during your mining Journey? Also, What do you think about the Octominer x12 with x050 saffire GPUs? I'm thinking of getting into it after being an ASIC guy for quite a while.
We are listening about prove of stake since 2018. And every year youtubers says this year its definitely going to happen. But never happen. I am sure even this year it wont happen
Hopefully with the price drops and release of new models, it will allow the upgrading of RX580 series cards to RX6800 cards. But only time will tell with the new releases. But that also will increase the difficulty on coins as miners upgrade.
I am currently still buying GPU for mining. I am also selling some older ones and getting some 3070's hopefully. I am constantly looking because I will also not buy a LHR card anymore. I have a could LHR rigs I will mine other coins with but I am looking for gpus that are non LHR nvidia. Personally I am not looking for AMD at the moment. I did do the two 6600 and 6600xt builts but am looking to only get Nvidia mainly 3070's
I am selling 2 non lhr 3080 with whole rig that cost me 5100 for 3200 tomorrow. I’ve made 1300 on it. Is this a good idea? And would you want to buy it from me?
Can you tell me how you are able to plug so many rigs into the walls and not breaking your house circuit ? I have 5 rigs and i can't add more because my circuit will break. Love your channel my man!
People seriously overestimate their ability to sell their gpus when the merge gets a definitive release date. Today you can sell your gpus on the used market to either other miners gambling on the merge being delayed, or gamers. Once the difficulty bomb has a fixed date, I'd bet more than 95% of the miners will stop buying gpus altogether. Its too much of a risk. This means hundreds of miners will try to sell their gpus to only one possible buyer: The second-hand gamer. But, the thing is... these gpus have been around for 2 years. There are not a lot of people looking to upgrade their GPUs on the second hand market right now. They're certainly not going to pay MSRP or "just below MSRP" for those cards. And all the while, stocks are improving on every e-tailer while the price is going down. People will be LUCKY to sell these cards for 50% of MSRP. There simply isn't enough second-hand gamer demand going around.
I mined CFX a long time and swap to ETH. POW and POS are not a problem. Mining is a gamble. In gambling, the "Vault" always wins. We, the miners, are the "Vault" itself. I want to buy gpu. However Turkish customs are really problem.
Ethereum pos will probably cause a massive pump for eth price. so hodl if you you got them. If you dont have the 32 or 16 to run a node, stake in a pool. Etc looks like a good gpu option ( $ pumped 15% yesterday,3-21-2022) but it will be halving in ~38 days going from 3.2 to 2.56 rewards. dont see how they call that a half?
Founders cards are not great on their thermals, but my 3080 FE doesnt run too hot. I bought mine on stockx last year and its crazy to see how far prices have come down.
To everybody thinking the Altcoin prices will jump after the merge, can you explain your thought process? Why would the price go up if there is way more people mining and effectively receiving the currency? Are you betting on them not selling their coins until the price goes up again? Isnt that just wishful thinking opposed to logical movement?
It’s all a gamble But for all we know these miners will hodl their coins and over a period of 1-3 years the price will sky rocket 🚀 But I agree it is wishful thinking 💭 Don’t invest what your not afraid to burn is the bottom line.
comment was deleted for some reason, eth asics doesnt seem to mine well on eth classic. the asic hashrate will not move over eth classic. the algo isnt the same as ethash. its etchash.
Man you have to do this: THE ULTIMATE MINIG RIG: 12 CMP 170HX in a octominer x12 ultra (you should do it in the x12 because the spacing is not as big as in a x8, so the airflow will be directed more through the gpus). And you said that you whant to swap gpus for more efficient ones and the 170hx s are the MOST EFFICIENT GPUS ON THE MARKET RN.
Good lord are you wearing ear protection in there?! Has to be well above 80db. Looks great though! Managed to get 5x 3060 Ti’s during the GPU shortage new at $399 each no tax no shipping.
From now we see some miners selling their rigs and gpus , when eth moves we will see the gpu market goes down a lot… New miners wouldn’t risk it and they will sell everything and we will buy them from them in low price 😈
I mine and HODL too! I have a whopping 6 GPUs (bunch of 1000-series I got lucky on the price with) to mine with, and I wish I had more. I'm about broke even and thinking I'd just buy more GPUs with earnings as I go. What GPU model would you get if you're looking to expand one at a time until you had a second rig? I heard 3070s and 3060s were the jam.
What people dont understand is that eth mining got to this point was a perfect storm of incidents. At first eth bagan to rise in value. RUclipsrs and media hyped up crypto mining massively. Because of the chip shortage mining difficulty was kind of kept in bay. Unlike helium, raptorium, or chia. Where difficulty sky rocketed because youtubers hyped it up and the marketshare wasnt there to support new entries. Now gpu supply is improving. Therefore difficulty is going to increase regardless of the bomb or not. New series of gpus also gonna launch by the end of the year. That said to be 2x the performance on each performance level. (4070 2x faster than 3070). Same with 4060 and 4060. So the resale value of this cards will tank. You will be able to pick up a 3080 card in next march for around 300-to 500 usd. My strategy is to sell my crypto graphic cards now. And come back later if sittuation improves. with a lower entry point.
Also why do anyone listen to any youtubers advice on future of a coin. What are they gonna tell you? im selling everything it was fun ehile it lasted. What are they gonna make videos on? Look at ehat happened to chia or helium or raptoreum. Literally each youtuber promoted a specific minable coin and when the views came in. And the new hashrate no one could make 10%of what they used to.
If considering greed then a possible conclusion is large corporate gpu miners and manufacturers and retailers will move eth investments to whatever coin they are mining to increase the value of the coins they are mining.
Probably all GPU mining will be unprofitable this year in the UK and EU unless you solar power it. The price of electric will more than 2x this year here with over 50% of UK electric generated from natural gas and the wholesale price of gas has rocketed.
Buying graphic cards for me right now? No, that was an easy question. I am going to wait and see what happens when things shake out from ETH, then go from there. Summer is comming and I dont have much more room for heat removal anyway. Some coins algo run cards much hotter and not knowing which way I want to go puts me in a holding pattern.
Hi Red Panda Mining, could you please do a video on how to build, set up and get started with a mining rig (for complete beginners). I have been watching your channel for some time now and I would realy like to start crypto mining for myself. THANKS
Guys. Someone here who knows If the black Gigabyte 3090 gaming oc has the same fans as the Gigabyte 3090 VISION oc? Thanks. And some good site for ordering replacement fans that ships worldwide or europe?
ravencoin, other than being minable... wtf is this coin? honestly... nobody talks about it other than mining it. Is this ravencoin doing anything worth to mention?
I got lucky on ebay and bought a 3090FE and good thing he was kind enough for me to just meet up locally and saved me 200$ for it i payed $1700 for it for my rig.
If everyone in the mining community just goes and buys 1 etc, your mining profitability would then make etc the best to mine. Mind you that would be like only 60+ dollars
With the best card on the market would take 2 years to pay for itself even at todays lower card prices, it will never again be worth it to buy a video card to mine. Best thing to do is well all of them before Ethereum switches. Used card market will be giving vid cards away for years after that.
I believe eth 2.0 will be delayed. And I am buying cards when I find great deals and that's it. I found a 580 8gb for $120 the other day. Just get another service panel installed and add another breaker...if you feel it's worth the investment anyway.
I don’t have telegram and whatsapp! Don’t trust any of those replied comments. Don’t get scammed.
A channels name is in white letters within a grey frame, so it's easy to identify as genuine.
Hi Red Panda Mining, could you please do a video on how to build, set up and get started with a mining rig (for complete beginners). I have been watching your channel for some time now and I would realy like to start crypto mining for myself. THANKS
@Sp he has a couple pretty great videos going from the very start to the end of building a rig.
How do I message you about GPUs my bro you have helped me out in the past with a couple things. But I was wondering if there’s a way to chat you with GPUs I might be selling.
@@MiningOfTheNorth thanks
Lhr card are only limited on ETH.
They get full hashrates on all other coins. So if ETH goes away, then they won't be lhr cards anymore.
U are right, didn't think about that
it effects ethash in general, so that would include ETC for example.
Right, but you will be limited in ETC too, and after the merge I think that a lot of has rate will go to ETC
It limits Ergo and Etc
@@fredyeh2418 good thing ravencoin is the next choice for mining.
I wonder if a lot of GPU miners may initially move to ASIC resistant coins? That being said, I switched one rig to ETC a few days ago and tweaked some OC's to get some more MH/s overall. I'll keep buying GPU's when the price is right. As a small miner, I recently began when prices were at the start of coming down. So, I probably paid a bit too much for a few cards, but deals have come up, too, so it all comes out in the wash. Holding some and selling some to cover hardware.. but steady as she goes overall. I have a lead on some A2000's (6GB) for 600 USD, so that might be my next purchase......
@@hahi8886 this is not him 😆😅🤣😂
it’s all about a profit switching miner. that way when the market fluctuates or ethereum goes away my rigs will just switch
Awesome video bro! Thank you for what you do for the community. It sucks so bad but at the same time, as you said, it would be unwise to totally ignore what's coming. Doesn't seem like the world is ever going to go along with POW, unfortunately. Maybe some hybrid stuff like FLUX but I doubt it will ever be as profitable as what we just experienced in the past few years. The smart thing imo is to position yourself according to the most likely of scenarios. I sold about 50% of my GPUs, and invested the money in crypto and staking. Also used some of the previously mined coins to buy a revenue-generating website and a duplex with the rest of the profit made. Basically building more passive income streams while reducing my exposition to GPU mining. I'm still extremely bullish on the crypto sector, just not on the POW tech, with the exception of maybe BTC. The GPUs will most definitely be a lot cheaper after the merge and even if they push it back, the price won't go back up in 1 day so Im pretty sure I could buy all the same GPUs I sold for less. Its basically a win win for me. Naturally, to each their own.
''Time in the market beats timing the market'' is a warren buffet quote.
Everything is based on expense and volume. A small miner with less that 50 cards doing in his house or garage can try for different coins and play the variety. A large miner with 100's if not 1000ths of cards, renting warehouse space, would be best to dump a huge part of their GPU stock and move to ASIC in a smaller space or get out completely until a possible new leader come up and rebuild since they are in as high investment and have the capital to rebuild anytime. They are not in as a fan of mining but just as a profit venture.
Yep you heard him big miners sell us your rapidly depreciating cards 😈
The pressure on myself is now inexistant. I convinced my wife last august that i was going to invest in 2 GPU, (6700XT and 6600XT), also mining with my PC RTX2080 since July. I really really enjoy this hobby, and now i'm few weeks away to have officially ROI'd my GPUs (i've been selling every month to ''payback''). And now the fun begin, and that ETH PoW is dying couldnt be a better timing for myself, now i am free to explore, discover, try new coins etc... idgaf, im working with free hardware now. Lets the fun beging.
Nice howmuch did you put into ur set up
I see mining as expensive habit and a way to force me do saving (or investment). If I have currency in my bank account I tend to spend them on useless stuffs. That's why I'll keep buying GPUs especially at better price now.
Omg you are like myself. For years I spent my Money on clothes and other sh*t.. But since I'm mining I invest all my dough on GPUs
@@sugarraybow does eth mining is profitable bro? I heard that there will have v2 of eth
@@christiancacayan8722 If the merge is happening this Summer, you wont roi with any available GPU
@@sugarraybow there are other profitable coins to mine out there slightly less popular than eth but we’ll have to see if they remain profitable once people switch
Ethereum Classic is NOT going to allow ASIC miners to come over from regular Ethereum. They are geared more towards GPU mining and it was about a year ago when they lowered the dag file to allow 4 and 6 gigabyte cards to mine ETC.
thing is, it takes 9-15 months to break even, eth merger is 5-8 months away. Dont need to break even, but when everybody sells off their gpus you wont get much resell value, so you'll have invested for basically no profit, possibly even losses. Plus new gpus will also lower the resell value of these.
At $500-600 a 3070 can still be worth getting, but no more than that. Not 800-900 and definetly not the previous 1000-1200.
The merge and as scary as it is, im excited for it. Gives me the perfect excuse to research no name coins and spec mine, while everyone goes nuts switching algos every day and blowing their breakers!
What coins do you spec mine? No clue on what to mine.
@@wilhelmkallstrom8199 you can go on wtm and pick whatever, but real spec mining takes effort to hunt down new projects. By the time someone else tells you about a project it's too late
@@wilhelmkallstrom8199 if you've never done due diligence on a coin before, no judgement but it's probably a good idea especially before you invest more into this space
@@wilhelmkallstrom8199 ravencoin or ETC?
@@joelively5540 thinking of ETC
How do you find non LHR cards man? I'm thinking on going to start a new rig with 1660s ... Its just pricewise in europe only worth
I think that Ethereum Classic will take over and shoot to the moon when all the hashrate heads over. It's already pumping up. I think we will all be adding GPU if they are reasonable and it's in the budget. I'm finally going to be able to get into some higher end cards without spending $1000.
I don't disagree, but what about the huge selling pressure that miners will bring to ETC?
@@Dan-tw1zw There will be plenty of hash power but none of the liquidity
@@Dan-tw1zw Wasn't that supposed to be an issue for Ethereum, Ravencoin, Bitcoin? They all had pressure to sell from miners. ETC hit $174 last year and I'm HODL as much of my ETC bag as I can until it hits $150 personally.
I think we can raise enough hell to bring some people around to the importance of POW! Hopefully as people stay into crypto longer and slowly get dumped on by the eth billionaires they'll realize there's better chains where everyone gets a chance, not just the ico members
I agree not because of gpu mining but all the A11s and Jazminers. That's too much money for them to not bare minimum pump and dump on ETC to squeeze out every bit of profit. It's speculative but I've got a few of my gpus on ETC while it's hashrate is low
personally im just buying 1 or 2 more gpu (founders 3070) also ill prob build another 1 or 2 cpu rig for RTM since cpu mining will not be affected by the merge and after that im done. the longer we wait to expand the higher the risk gets, to the point where its not worth expanding very soon even if merge gets delayed until Dec. staking is not as fun as mining but its the only "safe" play at this point unfortunately. tho I guess if you want to be super risk adverse just convert fiat to USDC and send to celcius for 7.1%+ yield and done, 0 risk. but as for miners... we all going to be so fcked after merge and it will become survival of the fittest at that point (fittest in this case meaning cheapest electricity)
So here is the key question. The majority of GPU mining is against ETH. When that tap is turned off that will be a HUGE displaced hash rate that has to find a new home. If that all moved to the shite coins would there even be enough liquidity in them to support it and make it worthwhile?
Most likely not I assume? Most coins nowadays are trying to go proof of work anyway because of energy and environmental issues
@@andrewbae4357 did you mean proof of stake?
That is the big question no one dares to answer, shit coins are giving 1.70-1.80$ profit right now, but that's taking into account NO one is mining them cause eth is there, when you free up thousands of megahashes to those coins the slice of the pie will get smaller and smaller, rewards will plummet, thats granted, the question is if you'll have to pay to turn on the miners. And a "massive pump" like this clown claims it's delusional, what's eth classic going to pump to? 200$? And raven?... Nonsense, mining is dead after eth 2.0, at least with gpus
The difficulty on those small coins are going to spike immediately and any blip of profitability will disappear. Literally, that hash rate will have nowhere to go, at least in terms of being able to make money.
It is just wishful thinking that profitability would be the same after the merge. There will be a transition period of who knows how long.
Yep alot of miners are still on 4k eth hopium. Reality will hit them hard
Profitability will probably go down 80% unfortunately might be time to sell up and buy asics
@@user-jk4bx6zy1g I mean on this day I can get 80-90% of the same profits from rvn if I change my oc, I would expect people to change to other similar coins and therefore inflate them like what happened with eth, but I agree that a lot of people are coping really hard and not seeing the reality that things will probably change drastically for a lot of people, mostly people in countries with high electric fees because I’m pretty certain that at the very least efficiency won’t be the same for a good 3-6 months, if ever. It all depends on how much would miners inflate another coin like ETC, RVN or others, and if there’s a big migration to one specific coin or if it evens out between a lot of different ones
@@tearsintherain6311 yep, ppl just assuming coin prices stay the same lmfao. thats how shit happens, wake tf up.
@@seulb23 buy asics, even worse lmfao u high bro
they do not make non lhr any more right so any one trying to get these cards are all going to be old. nvidia forcing us to buy 3090. My business depends on warranty coverage buying old possibly unstable gen 1 production cards is risky.
What kind of maintenance do you have to do to keep cards running for years?
It’s same old same old for me, keep on mining through the highs and lows of crypto. Oh and definitely going to buy some targeted GPUs
ETC algo is not the same as for ETH. @RPM are you sure that Ethash ASICs can mine Etchash?
They literally have to reprogram the ASICS and those things are hard coded. So they’ll just start manufacturing etc ASICS if etc catches on
I've got 14x 3070ti , 3x 3080ti, 1x 3090 Founders Edition, I truly do not recommend them for mining, it looks like they got 2x fans but actually just one, they run too hot plus blow the hot air to each other, I bought them because they were the only FHR cards available at the time. (3070ti 60Mh, 3080ti 90Mh, 3090 124Mh) if you still want to buy FE go for 3070 or 3060ti
3070 Ti and 3080 Ti i are not FHR cards. Both are LHR only. The 3080 Ti should be able to reach at/near the 3090 hashrate if is was not LHR. Also a 3070 Ti pushed to the limit @almost 60 MH is not efficient, consumes a lot of power (and what follows). The 3090 is a monster, but it comes with a power/heat price (besides the purchase). Efficiency is decent though, but I personally would not like mining 24/7 using close to 300W on ONE card. As comparison, my 3x 3070(FHR) does 61,5 @ 109W, 117W, 117W. (can go higher, but why bother with 1-2 MH more @10+W more?)
The good ting about 3070(FHR), is they are so efficient on ETH that heat is not as issue, even on the "non beefy cooler" cards. I also like the 3060 (FHR). 49@100W. That is decent. Even my "old" inexpensive 2060Super can do almost 44@90W. Which is practically the same efficiency as 3060(FHR).
@@Wushu-viking You talking BS, FHR LHR SXR TRR PRR don't matter, I gave the hashrates, I said why I bought them, the reason I bought them, then said not to buy for mining, plus I said if you insist get 3070/3060ti, so why you replied my comment like a spastic instead of adding a new comment. Punk
Hi Panda, I love your basement setup, but your 12 gpu mining stack has odd rows of fans, my OCD is kicking in big time🤣
Mining revenues could be negative and RPM will still be buying GPU's!
Truth!
@@RedPandaMining all else aside what GPUs are you buying and what price point are you looking for these days?
What is something that you wish you did differently during your mining Journey? Also, What do you think about the Octominer x12 with x050 saffire GPUs? I'm thinking of getting into it after being an ASIC guy for quite a while.
@Red Panda Mining Maxed out your power? How many GPUs and watts are you running?
We are listening about prove of stake since 2018. And every year youtubers says this year its definitely going to happen. But never happen. I am sure even this year it wont happen
It will .. pos has made it to the test net and soon it will be on main net
@@pranavpandey5384 no it won't happen.
Do you mine as a LLC? If so the space, internet, and electricity cost would all be a tax write off, correct?
Are you sure asics can move over to etc? I heard that they made it so they can't?
is using asic or gpu's better for mining and what's the merge?
Hi, Sorry for asking maybe the obvious but is it possible to farm several cryptos in the same rig or not ?
Hopefully with the price drops and release of new models, it will allow the upgrading of RX580 series cards to RX6800 cards. But only time will tell with the new releases. But that also will increase the difficulty on coins as miners upgrade.
I am currently still buying GPU for mining. I am also selling some older ones and getting some 3070's hopefully. I am constantly looking because I will also not buy a LHR card anymore. I have a could LHR rigs I will mine other coins with but I am looking for gpus that are non LHR nvidia. Personally I am not looking for AMD at the moment. I did do the two 6600 and 6600xt builts but am looking to only get Nvidia mainly 3070's
What card would be your choice at the moment, if you could only choose one?
I am selling 2 non lhr 3080 with whole rig that cost me 5100 for 3200 tomorrow. I’ve made 1300 on it. Is this a good idea? And would you want to buy it from me?
So once this proof of stakes happens
shall i mine monero instead?
haven't decided yet on which path to go
Cpu or Gpu Mining
What’s the big deal about the founders edition cards? And how do you avoid LHR?
Can you tell me how you are able to plug so many rigs into the walls and not breaking your house circuit ? I have 5 rigs and i can't add more because my circuit will break. Love your channel my man!
3090 for mining? in future?
Wow. That basement looks great! 👌 👍👍👍
People seriously overestimate their ability to sell their gpus when the merge gets a definitive release date.
Today you can sell your gpus on the used market to either other miners gambling on the merge being delayed, or gamers.
Once the difficulty bomb has a fixed date, I'd bet more than 95% of the miners will stop buying gpus altogether. Its too much of a risk.
This means hundreds of miners will try to sell their gpus to only one possible buyer: The second-hand gamer.
But, the thing is... these gpus have been around for 2 years. There are not a lot of people looking to upgrade their GPUs on the second hand market right now. They're certainly not going to pay MSRP or "just below MSRP" for those cards. And all the while, stocks are improving on every e-tailer while the price is going down.
People will be LUCKY to sell these cards for 50% of MSRP. There simply isn't enough second-hand gamer demand going around.
Total how much kwh your mining farm consumption ?
Hey RPM! Just one detail, ETC has been changed from Ethash to Etchash after the Thanos hard fork. Ethash ASICs won't work in ETC. Cheers!
You can port over Ethash asic to Etchash, people have done it with E3 Model
I mined CFX a long time and swap to ETH. POW and POS are not a problem. Mining is a gamble. In gambling, the "Vault" always wins. We, the miners, are the "Vault" itself. I want to buy gpu. However Turkish customs are really problem.
Great video, what would your )
Likely coins to yield farm beyond eth ?
I do like staking and node coins for sure! I think us miners have to diversify in it true man
@@RedPandaMining Thanks @Red Panda Mining
Ethereum pos will probably cause a massive pump for eth price. so hodl if you you got them. If you dont have the 32 or 16 to run a node, stake in a pool. Etc looks like a good gpu option ( $ pumped 15% yesterday,3-21-2022) but it will be halving in ~38 days going from 3.2 to 2.56 rewards. dont see how they call that a half?
Founders cards are not great on their thermals, but my 3080 FE doesnt run too hot. I bought mine on stockx last year and its crazy to see how far prices have come down.
Did you repad and repaste it? Mine dropped 20C.
How do you find today non-lhr gpus?
Step 1 : Grab your hockey mask
Step 2 : …
Ebay
Kick a gamers door down / grab the brick / run
lol
Quick question. The fans that you have on the rigs are pushing or pulling the hot air that the GPU produce? Thank you.
Pushing in the front pulling in the back
When everyone is scared it’s time to buy. I’m a buyer at the right price
What’s your 3080 non-LHR right price?
@@KrummyProductions under 900
@@WaveTVsubscribe I haven’t gotten one under $1000 yet. I need a buying bot.
How are you getting them under $900?
@@KrummyProductions he's not
I’m gonna buy a mining rig with two 3070 ti’s . Should I do it ? Or is it not worth it now ? Idk much about mining just getting started
No worries buddy. Feel free to reach out for guidance and recommendation. Sorry for the late response
To everybody thinking the Altcoin prices will jump after the merge, can you explain your thought process? Why would the price go up if there is way more people mining and effectively receiving the currency? Are you betting on them not selling their coins until the price goes up again? Isnt that just wishful thinking opposed to logical movement?
It’s all a gamble
But for all we know these miners will hodl their coins and over a period of 1-3 years the price will sky rocket 🚀
But I agree it is wishful thinking 💭
Don’t invest what your not afraid to burn is the bottom line.
Did your utility company question why you are using so much power? Did they suspect you where doing something illegal?
As long as you pay the bill they don’t knock
comment was deleted for some reason, eth asics doesnt seem to mine well on eth classic. the asic hashrate will not move over eth classic. the algo isnt the same as ethash. its etchash.
Stellar Forge Mining - Great for ASICs. Love your videos. Great work
We have been mining ETC ever since we started mining. Lots of upside! Good day!
how many amp of power do you have in total to run all those rig?
Appreciate the comment. Reach out to me via mail for well detailed explanation
What about HNT?
15 months on Evga queue and i got the notify this week. Bought it cause im mining for life
Do you think gpu prices will drop down further in 2022?
Erm i am under the impression that Etchash is slightly different from Ethhash. Therefore ETH asics can not mine Etherium Classic....
I could be wrong
wrong A10s can mine etc i was told by a seller
Man you have to do this: THE ULTIMATE MINIG RIG: 12 CMP 170HX in a octominer x12 ultra (you should do it in the x12 because the spacing is not as big as in a x8, so the airflow will be directed more through the gpus). And you said that you whant to swap gpus for more efficient ones and the 170hx s are the MOST EFFICIENT GPUS ON THE MARKET RN.
i bought a server grade 2000 watt power supply and shit that thing is so loud fuck
Good lord are you wearing ear protection in there?! Has to be well above 80db. Looks great though!
Managed to get 5x 3060 Ti’s during the GPU shortage new at $399 each no tax no shipping.
RPM what do you pay for power?
0.00 per kWh
How MH do you have on ETC?
etc will reduce block reward next month.
We know you're going to make burger / food reviews during the next mining lull Red Panda to help cover your GPU addiction ;) Thanks for the video!
What coins are you planning on mining after the merge?
From now we see some miners selling their rigs and gpus , when eth moves we will see the gpu market goes down a lot…
New miners wouldn’t risk it and they will sell everything and we will buy them from them in low price 😈
ive never seen so many assumptions in one comment lol
I mine and HODL too! I have a whopping 6 GPUs (bunch of 1000-series I got lucky on the price with) to mine with, and I wish I had more. I'm about broke even and thinking I'd just buy more GPUs with earnings as I go. What GPU model would you get if you're looking to expand one at a time until you had a second rig? I heard 3070s and 3060s were the jam.
impressive stuff, what are you gonna mine when eth goes proof of stake
Actually looking to get rid of a 3080 Founder's Edition card and MSI Ventus 3080 FHR but have been struggling to find buyers
ill pay 1300 for both
What people dont understand is that eth mining got to this point was a perfect storm of incidents. At first eth bagan to rise in value. RUclipsrs and media hyped up crypto mining massively. Because of the chip shortage mining difficulty was kind of kept in bay. Unlike helium, raptorium, or chia. Where difficulty sky rocketed because youtubers hyped it up and the marketshare wasnt there to support new entries. Now gpu supply is improving. Therefore difficulty is going to increase regardless of the bomb or not. New series of gpus also gonna launch by the end of the year. That said to be 2x the performance on each performance level. (4070 2x faster than 3070). Same with 4060 and 4060. So the resale value of this cards will tank. You will be able to pick up a 3080 card in next march for around 300-to 500 usd.
My strategy is to sell my crypto graphic cards now. And come back later if sittuation improves. with a lower entry point.
Also why do anyone listen to any youtubers advice on future of a coin. What are they gonna tell you? im selling everything it was fun ehile it lasted. What are they gonna make videos on?
Look at ehat happened to chia or helium or raptoreum. Literally each youtuber promoted a specific minable coin and when the views came in. And the new hashrate no one could make 10%of what they used to.
Whats your max power limit? Any plans to upgrade? 🤓⚡💡...ready for those 4090s 😍
Every time i see your setup! 🤑
If considering greed then a possible conclusion is large corporate gpu miners and manufacturers and retailers will move eth investments to whatever coin they are mining to increase the value of the coins they are mining.
"We expand or we die" - - Octavian
i can buy a 3060 pegasus for under 600 usd. Is that good?
I'd buy it. Almost paid $700 yesterday until I saw how they crashed to $600.
@@TrickyMickTrucking What are u mining? Eth? I already got like 30 3080s and 60s..
I wouldn't pay more than $500 for a 3060
Only if you can pay it off in 6 months to a year. So I would say No
@@INeedMyBTC I dont think there are any GPU:s witg 6 months ROI atm
Can never have too much hardware ;)
currently for 3060ti lhr is about usd600 new. (EVGA & Zotac)
Evga good Zotac can be troublesome
when eth 2.0 comes out will that effect me from mining on nicehash?
No nicehash will select the next most profitable coin to mine
If I had to guess expect a decline in daily earnings by 20-30%
As of right now Innosilicon A10 Pro cannot mine ETC... There is no firmware available that can.
Love your foldable provisioning tables :-)
Does asic more efficiency on eth and etc than gpus?
Hey panda is it still profitable to mine bitcoin with gpus?
Hey Dawson For well elaborate explanation you can reach out via the above mail. Thanks
Probably all GPU mining will be unprofitable this year in the UK and EU unless you solar power it. The price of electric will more than 2x this year here with over 50% of UK electric generated from natural gas and the wholesale price of gas has rocketed.
Buying graphic cards for me right now? No, that was an easy question. I am going to wait and see what happens when things shake out from ETH, then go from there. Summer is comming and I dont have much more room for heat removal anyway. Some coins algo run cards much hotter and not knowing which way I want to go puts me in a holding pattern.
Hi Red Panda Mining, could you please do a video on how to build, set up and get started with a mining rig (for complete beginners). I have been watching your channel for some time now and I would realy like to start crypto mining for myself. THANKS
Go to his channel by clicking on his thumbnail and search his videos. He has done many. You will find them there.
@@jeffderitis1378 thanks
Guys. Someone here who knows If the black Gigabyte 3090 gaming oc has the same fans as the Gigabyte 3090 VISION oc? Thanks. And some good site for ordering replacement fans that ships worldwide or europe?
Keep buying bro
Anyone know how many Tera hash/Giga hash his setup is?
Keep mining...keep mining...mining..mining..mining.. ⛏️...
ravencoin, other than being minable... wtf is this coin? honestly... nobody talks about it other than mining it. Is this ravencoin doing anything worth to mention?
I got lucky on ebay and bought a 3090FE and good thing he was kind enough for me to just meet up locally and saved me 200$ for it i payed $1700 for it for my rig.
If everyone in the mining community just goes and buys 1 etc, your mining profitability would then make etc the best to mine. Mind you that would be like only 60+ dollars
With the best card on the market would take 2 years to pay for itself even at todays lower card prices, it will never again be worth it to buy a video card to mine. Best thing to do is well all of them before Ethereum switches. Used card market will be giving vid cards away for years after that.
is OEM graphic card can usse for mining ?
Yes
@@Ericshadowreaper is that stable? or what i need to notice of OEM card
I just picked up 6 3060ti FE for $4,300 new in-box
I believe eth 2.0 will be delayed. And I am buying cards when I find great deals and that's it. I found a 580 8gb for $120 the other day.
Just get another service panel installed and add another breaker...if you feel it's worth the investment anyway.
I uh.... might have broke down and bought a 3070 FE card a few weeks back. It was cheaper than an LHR card, so...