GPU mining profitable in 2024? Are you sure of what you are saying? What are you mining? What algorithm? Pyrin(PyrinHash)? Dero(AstroBWT)? HTN(PyrinHash)? Dual Mining: Iron Fish(Blake3) + Gram(Sha256ton)? Abel + Gram? I've been in the mining market for 8 years and I'm unaware of "Profitable" GPU mining. All of us who have been in the market for years know that GPU mining was devastated with the end of ETH mining, the real problem with GPU mining today is its extremely high cost for almost non-existent profitability. Guys, get real, the money you are investing in GPUs for mining would be better spent on purchasing BTC or you can study mining and buy GOOD AISCs. GPU for mining today is for learning, never as a form of investment! Ask the owner of the video which Cryptocurrency he is mining via "Extremely Profitable" GPU, do you know which one? NONE! He may think he has free energy, in which case wouldn't it be better to invest his money in a great mining AISC??? Massive investment in GPU for mining is your quickest path to FINANCIAL SUICIDE.
@@zpceyeah definitely not worth mining btc today unless you have ASIC’s rigs (plural) and are apart of a big pool. Also, btc is at 85k right now….definitely a high
Speaking from my own experience, the dell OptiPlex 7010 can support a max of 7 graphics cards (even with the PCIe splitter). On ebay these units come with a motherboard, cpu, ram, & power supply all for ~$40. Additionally, these units only take ~25 watts as the cpu is typically some third gen i3/i5 which has a low power draw. Hard to beat that in terms of budget.
I would put plastic spacers between the Mother Board and the base plate to allow more air flow under the MB. I would also drill in air exchange holes on the MB base plate and elevate that platform with 1 inch legs, again for air flow/cooling
Now this RIG is not profitable because we can get the Iceriver AL0, which costs less than this rig and is earning a decent amount as well on just 100 watts of power.
gpus are flammable too the wood isnt what you need to watch out for, wait until you find out what your house is made of and it has way more dangerous wires running through the walls
Wasn’t aware these existed! Might have to use one on my next build. This customer only had a 120v setup so just need to make sure the psu is compatible on both 120v and 240v. Thanks for the rec!
17:17 that shit is a headache i go through it every single time when i set up a new rig i can never figure it out until i turn the rig off and on 80 times unlugging and plugging risers and cables back in lol
I don't really have much knowledge of mining, i do have one question though. Won't a shitty CPU create a bottleneck with 3 3060Ti limiting them? Again, I don't really know much about mining, I'm just curious
I am rebuilding my old Rig with a Facebook marketplace purchase of a Asus B250 Mining Expert Mother board and a Powercolor 5600xt video card. re-using my old cards of: 5700xt and a 2060, and a 1060 card. So I am planning on getting more GPU's for this monster of a motherboard. getting ready to post a video showing it.
pro tip; sometimes zotac will let u make an offer, got 3 3070s for 270 each (before tax) and scooped up 2 3060 laptop gpu at 138 each before tax 6gb models (some of them give resource error, so just send those back and exchange for a new one)
It is really necessary to have both the PSU and the PSU server for distributing the power to GPUs? For 3 GPUs, it seems already enough the PSU, am I right?
Just buy a full dell optiplex system I have seen ones with 4th gen Intel go for 50$ and they have a psu included. The psu that they put into there systems actually aren’t that bad either they are just low wattage. The one thing I would watch out for is chassis intrusion but you probably won’t run into that issue.
The 2 Fan Zotac Cards are ok for non Kapow Algorithms but since ClorevAI etc will be there for the long run of GPU Mining 3 fan Cards no matter 3060/4060 ti/ 3070/4070 ti too. I have 6 x 3070 ti Zotac Amp Holo with -20 watt thermal pads & -50Thermal Paste these Cards mine Kapow at 38/40 MH per Card & won’t get to 60 C Temperature
I love zotac but since Zotac has its HQ in Hong Kong even with new cards you need to immediately change the thermal pads & paste after they were sitting on the Tamac of +35 C / 100/110 F of Lantau Island Airport. Especially those used Cards will need a cleaning, blowout & then new pads & paste. To the MB I can only say that I got scammed to many times with these MB, CPU, Ram deals unless the person provides pictures of the MB disassembled showing if the CPU pin tray is in ok Condition
Be careful because your total TDP for those cards is gonna be more than that PSU. In the case you lose over locks (under locks) you have a fire hazard!
Thanks for the analysis! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
What wallet software do you use? I am looking for something so I can quit mining straight to exchanges or using a billion wallets for each coin that I mine
You can checkout hashrate.no for profit numbers by gpu. Also may be worth becoming a channel member and joining my discord. There is other simpler methods of mining if you have free power!
You can checkout hashrate.no for profit numbers by gpu. Also may be worth becoming a channel member and joining my discord. There is other simpler methods of mining if you have free power!
Yes sir, it’s easier to overclock if they are all the same kind of gpu but model doesn’t matter. You can also do all different kinds of gpus just a little more work to overclock
Shame electric is still so expensive in the UK. My cost per kw/h currently converted for Dollars is literally 3x your electric cost and im on the cheapest supplier available in my area.
Pretty good beginners guide. But if you actually want a profit, buy used at least 6-10 P104-100 gpus, and mine solo bitcoin gold and make atleast 70-140 bucks per month. If you get a block.
Great content man! Was looking for a guy like you to pump me up a little bit, i have 6 gpus sleeping on a rig since eth POS and didnt know what to do with them, i might check to plug that ahit back up and grab a couple dollars! + my landlord pays my electricity bill, winning all around
That's just a waste! I would only consider it if I could pocket a few hundred dollars a month. I've been selling PCs and GPUs, never considering mining because it's more of a hobby than a business. So, I prefer to stick to buying and selling PC parts.
Thank you. thanks to you I managed to build my first mining rig! well done video, also the one explaining hive os. I hope everything goes well. I'm very happy. I'll start as soon as possible with the Antminer E9 Pro. I see that the GPUs in mining don't do what they expect, but that's life. Thanks again. keep it up. a strong hug.
Nice Video! Sadly calculated now, three months later its a loss per day. I am also planning to build a rig again. Already have all stuff together except the GPU. thats where i am thinking about which model i should buy... The 3060ti i can buy around 180-220$ each.. Would be a nice price for a right with 3 or 4 GPUs. I will still check everything out before i actually will start :)
Thx for the content man! Ever plan on getting a few server cases or riserless motherboards? I get they are knida boring, but can save decent amount of money if you find the right deals. Keep building!
loving your videos, I started getting some gpu rigs together over the last month. However that drilling with the mobo was way too ambitious to attempt. I'm way too much of a klutz to not snap that whole sucker in half as I drilled in the screws :D.
"Let's just assume all these positive things will happen for crypto, where nothing negative happens and that shows that it's profitable." mhmm. cool story.
Today I watch this video is soo good and i subscribed this channel . Nice technically teaching i interested to built this kindoff system but i don't in my country how much costly and how i buy.😊 And all gadgets
Incorrect. Electricity costs, hardware maintenance (cooling, cleaning, upgrades/repairs) exceed profits. Also wallet exchange fees. You're looking at, at most, $0.08/day profit. Good luck for the next 20+ years to break even, IF these specific coins even last more than a year.
Dude, Intel is not suitable for mining because it is an outdated technology, only AMD processors on AM4 or AM5 so that mining works nicely and does not crash on its own.
And if the coin needs to be mined 1st ? How you gonna make profit if no one mines it? Also you coin can go down to 0. Your GPU will always have a resell value and can make you premine coin before people invest on it.
@@Wilky971 If your coin is goin down to 0 even your miner is worthless,..10K payed for your miners you wont get ROI back,..no one want worthless miner,..this is why you need to buy good coin from "potential" projects and take profits when it rise,..or take profit when it falls, right? Im not married with coins,..only gains matter.
@@janeznovak2408 except in the case of a coin that is mined you'll see this coming before others. Sorry but that's not comparable, and you can still resell your gpus. That's called spec mining and it works well.
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GPU mining profitable in 2024? Are you sure of what you are saying? What are you mining? What algorithm? Pyrin(PyrinHash)? Dero(AstroBWT)? HTN(PyrinHash)?
Dual Mining: Iron Fish(Blake3) + Gram(Sha256ton)? Abel + Gram?
I've been in the mining market for 8 years and I'm unaware of "Profitable" GPU mining.
All of us who have been in the market for years know that GPU mining was devastated with the end of ETH mining, the real problem with GPU mining today is its extremely high cost for almost non-existent profitability.
Guys, get real, the money you are investing in GPUs for mining would be better spent on purchasing BTC or you can study mining and buy GOOD AISCs.
GPU for mining today is for learning, never as a form of investment!
Ask the owner of the video which Cryptocurrency he is mining via "Extremely Profitable" GPU, do you know which one? NONE!
He may think he has free energy, in which case wouldn't it be better to invest his money in a great mining AISC???
Massive investment in GPU for mining is your quickest path to FINANCIAL SUICIDE.
He is only trolling idotic nonsense and bullshit. It is not worth proved,...
What on Earth are you talking about?!
Buying BTC now???
Never buy the high people...
@@marknewellmusic he means spending the same amount of money u would spend on the gpu spend it on btc also btc is down rn so yes buy now
@@zpceyeah definitely not worth mining btc today unless you have ASIC’s rigs (plural) and are apart of a big pool. Also, btc is at 85k right now….definitely a high
@sacideskate3608 , hi buddy iam trying to find whats the best thing for mining as for this time ~
Speaking from my own experience, the dell OptiPlex 7010 can support a max of 7 graphics cards (even with the PCIe splitter). On ebay these units come with a motherboard, cpu, ram, & power supply all for ~$40. Additionally, these units only take ~25 watts as the cpu is typically some third gen i3/i5 which has a low power draw. Hard to beat that in terms of budget.
Can you give me some more info on this?
I have one of these, and this seems like something I could do.
@@4megii follow most of the steps in the dudes videos. Only difference is the motherboard, ram, cpu, and atx power supply you use.
I would put plastic spacers between the Mother Board and the base plate to allow more air flow under the MB. I would also drill in air exchange holes on the MB base plate and elevate that platform with 1 inch legs, again for air flow/cooling
@23:35 you say profitability doubled couple of weeks ago. then how come you're making cents today?
It was about $10 per day profit for a week or so then tanked hard
Now this RIG is not profitable because we can get the Iceriver AL0, which costs less than this rig and is earning a decent amount as well on just 100 watts of power.
Do you know the definition of profit?
Is wood flammable? Are metal cases better
Nah had mine for years like that and no issues at all
Yes and yes
bro asked if wood was flammable
gpus are flammable too the wood isnt what you need to watch out for, wait until you find out what your house is made of and it has way more dangerous wires running through the walls
Why not get a zsx board and skip the 500W PSU? Save some more going that way, get them for $40 with wires
Wasn’t aware these existed! Might have to use one on my next build. This customer only had a 120v setup so just need to make sure the psu is compatible on both 120v and 240v. Thanks for the rec!
17:17 that shit is a headache i go through it every single time when i set up a new rig i can never figure it out until i turn the rig off and on 80 times unlugging and plugging risers and cables back in lol
You do realize there is an Alph ASIC literally about to ship right? Alph profit will be zero.
Yep, that’s why I’m mining it on the last few days we can.
I don't really have much knowledge of mining, i do have one question though. Won't a shitty CPU create a bottleneck with 3 3060Ti limiting them? Again, I don't really know much about mining, I'm just curious
@@diegovitiello346 nope it’s all gpu workload no cpu involved!
The use of wooden material for the platform poses a fire risk that may be caused by overheating
if the gpu is getting that hot you have bigger problems
Hi,my Hiveos beta net-test not working,,not result,what problem?
Anyone else still building rigs while profits are down?
I am rebuilding my old Rig with a Facebook marketplace purchase of a Asus B250 Mining Expert Mother board and a Powercolor 5600xt video card. re-using my old cards of: 5700xt and a 2060, and a 1060 card. So I am planning on getting more GPU's for this monster of a motherboard. getting ready to post a video showing it.
@@nfoguidesnice man good luck!
Keep buildiong for me brother, im out of power and out of funds, 1 4070ti this month was all I picked up!
@@kr00tman understandable with that massive farm you’ve got!
Jepp i do!! I do like the Zotac cards i like the performans of those cards!!
Can you tell me what the average Hash rate per second is for GPU's? What is the fastest GPU for Hash rates?
Gpu exhaust blocked 10% main slots and other slots🤦♂🤦♂and there is no profit on that if your power more then 0.12kwt😇
clearly u dont know what ur saying 👎
in your video the GPU produces 1 gh when I turned it on mime 3060 zotac it produces 20 mh why?
what's the point in Not buying an asic miner? you get 90TH for less money...
@@maximiliankrug1011 check the more recent videos I’ve got some!
pro tip; sometimes zotac will let u make an offer, got 3 3070s for 270 each (before tax) and scooped up 2 3060 laptop gpu at 138 each before tax 6gb models (some of them give resource error, so just send those back and exchange for a new one)
It is really necessary to have both the PSU and the PSU server for distributing the power to GPUs? For 3 GPUs, it seems already enough the PSU, am I right?
If you use a larger psu yes you are correct. The 500w I used does not have enough cables or power to power all 3!
Can you make one with glass?
Just buy a full dell optiplex system I have seen ones with 4th gen Intel go for 50$ and they have a psu included. The psu that they put into there systems actually aren’t that bad either they are just low wattage. The one thing I would watch out for is chassis intrusion but you probably won’t run into that issue.
hmmm if 40series are low power consumers,does that mean it will be more economical to mine on 40 series
50 series with GDDR7 will be amazing for crypto mining
The 2 Fan Zotac Cards are ok for non Kapow Algorithms but since ClorevAI etc will be there for the long run of GPU Mining 3 fan Cards no matter 3060/4060 ti/ 3070/4070 ti too. I have 6 x 3070 ti Zotac Amp Holo with -20 watt thermal pads & -50Thermal Paste these Cards mine Kapow at 38/40 MH per Card & won’t get to 60 C Temperature
Hi men, tnks for the video, why Alephium but not iron+Gram ?
Gram is very hard to sell so i don’t mess with it. Mining alph until the new ASICS release and it won’t be profitable snymore
Metal frame, 12 GPU mobo instead
I love zotac but since Zotac has its HQ in Hong Kong even with new cards you need to immediately change the thermal pads & paste after they were sitting on the Tamac of +35 C / 100/110 F of Lantau Island Airport.
Especially those used Cards will need a cleaning, blowout & then new pads & paste.
To the MB I can only say that I got scammed to many times with these MB, CPU, Ram deals unless the person provides pictures of the MB disassembled showing if the CPU pin tray is in ok Condition
The mobo is a reputable eBay seller with 30 day warranty so luckily no issue there!
Always add cards one at a time with a full reboot inbetween
What do I do when I connect my server power supply and my gpus say malfunction on Hiveos
Are all cords to the riser and gpu coming from the same power supply? Seems like a riser issue maybe try switching the riser.
Bro how can i pay the 2.90 dolars i have so much things to ask how much would it cost to get a 1 hour facetime call
Send me an email I do consulting as well. It’s $50/30min
Be careful because your total TDP for those cards is gonna be more than that PSU. In the case you lose over locks (under locks) you have a fire hazard!
You’re TBP for all three is definitely over 80% rule on PSU safest bet would be to hook one up to other main PSU
Thanks for the analysis! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
What wallet software do you use? I am looking for something so I can quit mining straight to exchanges or using a billion wallets for each coin that I mine
Unfortunately not any great wallet that has all the mineable coins. I mine to tradeogre and swap or individual wallets for coins I wanna hold.
I feel the time for GPU mining faded when Ethereum stopped. I've often thought about starting but its just a pain to keep ontop of.
I have 3 RX 580s...would they be good for building a budget mining rig?
if 8GB VRAM yes, if 4GB VRAM nope
if i were u, i would choose old and cheap lga 1155/ lga 1156 platform and pcie hubs
how much does it cost to get it built if i have the parts?
BoM & cost breakdown ?
Look in the first 2 minutes of the vid haha
What do you use for your wallet
If I get free electric how much can I get profit ?
You can checkout hashrate.no for profit numbers by gpu. Also may be worth becoming a channel member and joining my discord. There is other simpler methods of mining if you have free power!
You can checkout hashrate.no for profit numbers by gpu. Also may be worth becoming a channel member and joining my discord. There is other simpler methods of mining if you have free power!
can one build a rig with mix and matching gpus?
Yes sir, it’s easier to overclock if they are all the same kind of gpu but model doesn’t matter. You can also do all different kinds of gpus just a little more work to overclock
Shame electric is still so expensive in the UK. My cost per kw/h currently converted for Dollars is literally 3x your electric cost and im on the cheapest supplier available in my area.
@@harryoneill75 yeah that’s a real bummer some places in the us are the same. Really shrinks my potential audience size too lol
Pretty good beginners guide. But if you actually want a profit, buy used at least 6-10 P104-100 gpus, and mine solo bitcoin gold and make atleast 70-140 bucks per month. If you get a block.
pick up a 6 pin to 24pin+8 of aliexpress for like 8$ and dump the non server psu
how do you mine bitcoinnlike what software do you use
Video coming out in 2 hours on this
I had quite a few good zotac gpus. Fans are a little shitty, but easy to swap
Thanks for featuring our mobo kit!
@@ReSpecIO I use it in all my builds!! Such a great deal! Thanks for stopping by Respec team!
what a great video, thanks dude
Thanks for stopping by man!
Wood will catch fire. Big mistake. 1 rig sure, any more then definately get amazon wire racks and 3d printed hangars
LOL. How are you setting bracket mounting points on fire with the heat from a PC? You guys are silly.
@@chrismay2298 crazy things happen, it's happened before, and it will happen again
50 series with GDDR7 will be amazing for crypto mining
Where in Texas do you live?
If the coin and the profitability double, you still need 250 days to breakeven.
Mining isn't profitable in Colorado with the sky high electricity costs.
As much as switzerland ? 0.42 ?
Great content man! Was looking for a guy like you to pump me up a little bit, i have 6 gpus sleeping on a rig since eth POS and didnt know what to do with them, i might check to plug that ahit back up and grab a couple dollars! + my landlord pays my electricity bill, winning all around
How can I contact you directly? UA-cam no longer lets you see a channel email address
Modernmininghub@gmail.com
@@ModernMiningHub Expect an email from a coinguard domain. It's not junk.
GPU model no
A build? I'm in
Best kinda vid!
Great video m8 keep it up
keep doing what you are doing
Very detailed video...great job. The Blake3 algo will end gpu mining next month so sad. I really like the power usage of blake3.
well done. the only addition i could think of would some plexiglass with slots for protection. but its not necessary.
That's just a waste! I would only consider it if I could pocket a few hundred dollars a month. I've been selling PCs and GPUs, never considering mining because it's more of a hobby than a business. So, I prefer to stick to buying and selling PC parts.
Thank you. thanks to you I managed to build my first mining rig! well done video, also the one explaining hive os. I hope everything goes well. I'm very happy. I'll start as soon as possible with the Antminer E9 Pro. I see that the GPUs in mining don't do what they expect, but that's life. Thanks again. keep it up. a strong hug.
@@jvanevey glad it worked out man happy mining!!
I Mined 1,000,000 Neoxa. Now What? Red Fox Crypto 60.7K subscribers
SUPER HAPPY I FOUND THIS !!!!!
it just doubles and then doubles again and then your return on invest ist just 1 year! CRAZY STRAT
$270 each for 3060s is pretty expensive.
Yeah. I just got 2 3070 fes for 500
3060’s suck for mining anyways
@@masklessninja I'd mine on anything if the numbers and $ worked out
@@propeldragonwhere did you buy the 3070?
@@a.c.1411 Ebay
good info, thanks!
Buy Kaspa Asics 1st, then GPUs. Beocz the Kaspa aiscs make so so much more!
DeFi stands for Decentralized Finance, a growing crypto sector.
This is a good how to beginner's guide. Glad to see people are still making them
Excellent Videos, informative!!
Why to use zotac this is the worst version of the 3060 next time try to buy aorus or strix cards
By far the cheapest but otherwise I agree
Nice Video!
Sadly calculated now, three months later its a loss per day.
I am also planning to build a rig again.
Already have all stuff together except the GPU. thats where i am thinking about which model i should buy... The 3060ti i can buy around 180-220$ each.. Would be a nice price for a right with 3 or 4 GPUs.
I will still check everything out before i actually will start :)
I use a usb Stick for Hive.
what is the th/s for this unit
gotta love build vids..nice straight forward well explained vid👍
Brother dont sleep on newegg
Thx for the content man! Ever plan on getting a few server cases or riserless motherboards? I get they are knida boring, but can save decent amount of money if you find the right deals. Keep building!
thanks for information Good Job
Uh oh, dont go by software power, ever. It always lies
You'd need nine years' worth of the typical U.S. household's electricity to mine just one bitcoin as of August 2021.
loving your videos, I started getting some gpu rigs together over the last month.
However that drilling with the mobo was way too ambitious to attempt. I'm way too much of a klutz to not snap that whole sucker in half as I drilled in the screws :D.
lol yeah screwdriver may be safer
very risky mining off brand tokens imo. i spent 10k on a build about 8mos before ETH went POS.
What is the maximum watts of each of those pcie cables from the servers power supply ?
I believe 288w but these won’t come close to that
@@ModernMiningHub thx you for the info but so much I was scared to run more then 75 because it is connected by a 6 pin into the breakout board
"Let's just assume all these positive things will happen for crypto, where nothing negative happens and that shows that it's profitable."
mhmm. cool story.
Want to learn more about crypto mining? Consider becoming a channel member to get exclusive access to the Modern Mining Club
Discord!!
whats the keyboard
would 4gb cards be profitable on alth
I wish I would have seen the last part first, would have skipped it totally
ROI of 1 year with hopes that non of the mechanical parts brake 😂
Today I watch this video is soo good and i subscribed this channel . Nice technically teaching i interested to built this kindoff system but i don't in my country how much costly and how i buy.😊 And all gadgets
And I want buy please assist me
This video was really helpful! I’m also exploring wallet mining and posting about it on my channel.
Incorrect. Electricity costs, hardware maintenance (cooling, cleaning, upgrades/repairs) exceed profits.
Also wallet exchange fees. You're looking at, at most, $0.08/day profit. Good luck for the next 20+ years to break even, IF these specific coins even last more than a year.
What if the electricity is free...would it be worth it?
These guy haw hidro generator 😂
well i've broken even in less than a year
Nice man!
Dude, Intel is not suitable for mining because it is an outdated technology, only AMD processors on AM4 or AM5 so that mining works nicely and does not crash on its own.
False unless you mean cpu mining
Where do you guys come up with this nonsense...?
😮❤its easy to build i have all the parts but ryzers for the gpu's i must investigate more 😊...thanx mate...i hope i see you again some day...😊
How Much Bro.
its profitable after mining for over 15 years just to make your money back to bad the cards and motherboard died 2 years in
You defenitely pay 25cents MINIMUM per KW/h. Probably even 30cents.. trust me.
And like 99% of time, you'd make more profit just buying the coin.
Dam your smart
@@chriscaputo8546 than why you dont listen him, he is right?
And if the coin needs to be mined 1st ? How you gonna make profit if no one mines it? Also you coin can go down to 0. Your GPU will always have a resell value and can make you premine coin before people invest on it.
@@Wilky971 If your coin is goin down to 0 even your miner is worthless,..10K payed for your miners you wont get ROI back,..no one want worthless miner,..this is why you need to buy good coin from "potential" projects and take profits when it rise,..or take profit when it falls, right? Im not married with coins,..only gains matter.
@@janeznovak2408 except in the case of a coin that is mined you'll see this coming before others. Sorry but that's not comparable, and you can still resell your gpus. That's called spec mining and it works well.