How much Money am I making on ALL of my GPU's Mining?

Summary

In this video, the host discusses the earnings from their GPU mining rigs, which include various models such as 3070s, 2000s, 3090s, and 1660 series. They calculate the total power consumption and revenue from mining cryptocurrencies like Zealous and Chor, and compare the profits after accounting for electricity costs. The host also explores the concept of crypto miner hosting as an alternative to home mining, highlighting the benefits of reduced heat, noise, and electric bills. Additionally, they touch on the potential of using GPUs for AI rigs with Solid, which could offset electricity costs and diversify their mining strategy.

Takeaways

• 😀 The video is about calculating earnings from various GPU mining rigs, including 3070s, A2000s, 3090s, RX 6700 XTS, 5700 XTS, RTX 2060s, RTX 2070s, 3080s, and 1660 series GPUs.
• 🔍 The presenter is tracking total power consumption and revenue from mining different cryptocurrencies like Zealous, CLA, and Novo, and comparing them to the cost of electricity.
• 💰 The main focus is on profitability after accounting for electricity costs, with the aim to understand the net earnings from the mining operations.
• 🎥 A sponsor, Tera Hosting, is introduced as a solution for hassle-free crypto mining, offering facilities with 99% uptime, 24/7 support, and discounts on mining hardware.
• 📊 The presenter has 151 GPUs online in one farm and about 88 in another, excluding a special mining rig with 6600 XTS for long-term mining.
• 🛑 One of the mining rigs has been offline for 8 days due to a dead reptech board, which will be addressed in a future video.
• 🌐 The presenter is mining Zealous on the 3070 farm and other AMD rigs, and also mining Novo on a separate rig, highlighting the diversity of mining activities.
• 📉 The earnings from mining CLA on AMD rigs are currently negative after accounting for electricity costs, indicating a loss in that particular mining operation.
• 📈 The presenter speculates that the profit calculators might be incorrect or that the pool luck factor and network difficulties could be affecting the actual earnings.
• 🔄 The presenter plans to switch to a new coin for mining in the future and is considering the impact of network difficulties and pool luck on mining profitability.
• 🍽 The video concludes with a comparison of traditional GPU mining versus the presenter's new venture into renting out GPU power through a platform like Salad, aiming to offset electricity costs.

Q & A

What is the main topic of the video?

The main topic of the video is to calculate and discuss the earnings from various GPU mining rigs, including different models like 3070s, A2000s, 3090s, and others, and to compare the revenue with the power consumption and electrical costs.

What types of GPUs are mentioned in the video?

The video mentions several types of GPUs including 3070s, A2000s, 3090s, Radeon 7s, RX 6700 XTS, 5700 XTS, RTX 2060s, RTX 2070s, 3080s, and 1660 series GPUs.

What cryptocurrencies are being mined in the video?

The cryptocurrencies being mined in the video are Zealot (Zel), Chorus (Chor), and Novo.

What is the sponsor of the video and what do they offer?

The sponsor of the video is Tera Hosting, which offers crypto miner hosting services to make crypto mining hassle-free with top-tier facilities, 24/7 support, and repair services.

What is the total number of GPUs online in the farm mentioned in the video?

The total number of GPUs online in the farm mentioned in the video is approximately 151 in one location and about 88 in another.

What is the issue with one of the mining rigs mentioned in the video?

One of the mining rigs has been offline for the past 8 days due to a completely dead Reptech board, which will not go back into BIOS after reformatting the hard drive.

What is the total power consumption for the mining operation discussed in the video?

The total power consumption for the mining operation discussed in the video is about 23.95 kW.

What is the estimated daily profit from mining Zealot after electrical costs?

The estimated daily profit from mining Zealot after electrical costs is about $33.12.

What is the issue with the Chorus mining rigs in terms of profitability?

The Chorus mining rigs are currently losing money, with an estimated loss of $0.52 per day after accounting for electrical costs.

What is the speaker's plan regarding the Novo mining rig?

The speaker plans to continue spec mining Novo on the GTX 1060 rig for the long term and is considering changing to a new coin in the future, but will keep the audience updated.

What is the speaker's perspective on the current state of GPU mining?

The speaker acknowledges that GPU mining is currently facing challenges due to high electrical costs and fluctuating profitability, but is exploring ways to supplement earnings through other methods like renting out GPUs via the Salad platform.

What is the expected earning from the Salad platform for the speaker's 10 rigs?

The expected earning from the Salad platform for the speaker's 10 rigs is up to about $50 USD per day, with each rig using about a dollar a day in electricity.

What is the speaker's strategy to offset the electrical costs of GPU mining?

The speaker's strategy to offset the electrical costs of GPU mining is to participate in the Salad platform, which allows renting out GPUs to others for computation, thereby earning money that can help cover the electrical costs of the mining rigs.