Tried this for a few days. Calling it quits.
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So, I see where OP is coming from.
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Hell, if I decide to quit, I have a lot of storage in the long run. Which more storage is good.
All I would have to do is add in 2 more hgst 3 TB hdd's above and raid 1+0 them https://en.wikipedia.org/wiki/Nested_RAID_levels#RAID_10_.28RAID_1.2B0.29
win win I guess. Use it for steam games, OS image backups, cell phone OS image backups, what ever needed to backup.
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My power company charges $0.1362 per kWh. Good thing I have a killawatt meter I bought back in the days of bitcoin mining and or beginning of litecoin mining.
This is PC up and running and mining Burst of 7800GB
So I decided to pop in my killawatt meter :D
Just running my pc:
Starting up blago's miner with 7800GB.
Blago's miner idling
117w-120w
Every burst of reading of my HDD's I just sat and watched, hit max of 211w on my killawatt meter.Now, I really don't know how to factor in 0.02kWh to 24 hours 7 days a week 4 weeks a month @ the cost of $0.1362 per kWh by my power company.
Maybe a Albert Einstein here can figure it out for me?
Kinda hard to determine when a blago's miner reads at w/e time to calculate total wattage a reading takes in 24 hours 7 days a week 4 weeks a month.
Edit:
Might as well factor in ISP costs, $85USD a month.
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@Hitti2 said in Tried this for a few days. Calling it quits.:
Now, I really don't know how to factor in 0.02kWh to 24 hours 7 days a week 4 weeks a month @ the cost of $0.1362 per kWh by my power company.
If we assume your PC is taking 200W then that is 0.2KW
Cost / Hour is 0.2 x $0.1362 = $0.02724
Cost / Day is $0.02724 x 24 = $0.65376
Cost / Month is $0.65376 x 4 = $2.61504Rich
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This Sux.
I just calculated running my ac unit which specs says it uses 815w, that alone in 31 days is 82.58usdLast year it was 70 a month so my power company raised prices significantly.
My power bill I got yesterday is 80usd for running window ac unit.
Hmm and I'm not running my 300-400w TV any longer as I did last year.
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@Hitti2 said in Tried this for a few days. Calling it quits.:
I just calculated running my ac unit which specs says it uses 815w, that alone in 31 days is 82.58usd
Don't think that is right. 815 Watts is approx 4 x your PC so cost / Month would be about $10
Rich
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I think u calculated wrong.
@RichBC said in Tried this for a few days. Calling it quits.:
@Hitti2 said in Tried this for a few days. Calling it quits.:
I just calculated running my ac unit which specs says it uses 815w, that alone in 31 days is 82.58usd
Don't think that is right. 815 Watts is approx 4 x your PC so cost / Month would be about $10
Rich
I think u calculated wrong.
@RichBC said in Tried this for a few days. Calling it quits.:
@Hitti2 said in Tried this for a few days. Calling it quits.:
Now, I really don't know how to factor in 0.02kWh to 24 hours 7 days a week 4 weeks a month @ the cost of $0.1362 per kWh by my power company.
If we assume your PC is taking 200W then that is 0.2KW
Cost / Hour is 0.2 x $0.1362 = $0.02724
Cost / Day is $0.02724 x 24 = $0.65376
Cost / Month is $0.65376 x 4 = $2.61504Rich
Cost / Hour is 0.2 x $0.1362 = $0.02724
Cost / Day is $0.02724 x 24 = $0.65376
$0.65376 x 7 = $4.57632
4.57632 x 4 = $18.30528 a month minus few days as i calculated 28 days a month which a month really is 31 days.
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@RichBC said in Tried this for a few days. Calling it quits.:
@Hitti2 said in Tried this for a few days. Calling it quits.:
Now, I really don't know how to factor in 0.02kWh to 24 hours 7 days a week 4 weeks a month @ the cost of $0.1362 per kWh by my power company.
If we assume your PC is taking 200W then that is 0.2KW
Cost / Hour is 0.2 x $0.1362 = $0.02724
Cost / Day is $0.02724 x 24 = $0.65376
Cost / Month is $0.65376 x 4 = $2.61504Rich
almost correct, cost per month would be times 30, not 4.
Cost / Month is $0.65376 x 30 = $19.6128according to the calculator (that is always wrong anyway) you should be looking at aruond 2575 burst with 7800gb (AT THIS MOMENT) which is currently good for $45.44 per month. so, still protitable. that said, keep a close eye on your earnings if you are really earning back enough to be able to cover the electricity cost.
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So intime of making my burst to cover hdd costs, my earnings is paying for electric. in previous post of mine it would take 4 months and 7 days to cover the hdd costs = 165.45USD, I'm paying 73.22USD in 4 moths of electric costs of mining.
So yea I don't know. I think I personally am losing out. Or if burst magically jumps quadruple it's price I'd be ok.
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@known-user said in Tried this for a few days. Calling it quits.:
almost correct, cost per month would be times 30, not 4.
Yes sorry I had intended to go cost / Week and then cost / Month, must have another cup of coffee....
Rich
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@DankMeme said in Tried this for a few days. Calling it quits.:
First thing I have to say is, thank you for your feedback.
It is the core concept of this coin that the hard work is in plotting and not in mining the plots.
This is a very basic fact, but you didn't read up on it. You went straight to plotting, and then this funky GPU-thingy distracted you. That is a pity.Plotting:
CPU plotting is simple and i like the integration of it within the client. However, this process is painfully slow as i tested this with a small 1tb. This in itself is not a complaint, but to the casual person it is discouraging especially if you have more than 1 TB
...
Considering the only alternative is CPU plotting, It was at this point i decided that I cant continue with this experiment.It is the other way around.
The alternative is actually GPU-plotting - if you have enough (dozens of) TBs to make this worthwile.Even I did cpu-plot 64 TB a few weeks ago, because I didn't have the spare time to set up the GPU-subsystem. And I have a unix admin background, albeith not with Linux.
Since then, It took me __ ~3 days __ (wtf?!) in all to setup a specialized plotter box that churns out 16 TB/day, 2 HDDs ready-for-mining/day. Again, I am "member of the trade", and it was not easy or straightforward for me. If you want to streamline your setup you will have to invest some effort and learn about your setup and how it can be improved. No Software can do that for you, as there are way too many different goal sets and technical considerations.
In conclusion , I currently do not consider this a viable financial investment.
This is not a make-money-fast scheme. Although one could consider ROI <6 months a mmfs. This is what I see with all the gear I bought during the last 6 months. YMMV.
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WHEN MY WALLET SHOW PAGE NOT DISPLAYED ERROR THAT WAS THE BEGINNING. Then there was no page online wallet or off. I reinstalled the wallet and it still wouldn't work. I ended up reinstalling windows. Then i installed wallet and put the saved blockchain in. It worked like new. Power usage can be cumbersome plotting with high end cpu's and gpu's for plotting. It isn't essential and people must learn patience this isn't proof of stake.
