How much Money am I making on ALL of my GPU's Mining?
Summary
TLDRIn 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.
Outlines
🔍 GPU Mining Earnings and Power Consumption Overview
The speaker, Red Pen Running, introduces a video discussing the earnings from various GPU mining rigs, including models like 3070s, A2000s, 3090s, RX 6700 XTs, and more. The focus is on calculating the combined earnings from these GPUs, their power consumption, and the resulting profit after electricity costs. Red Pen Running mentions using a Super K3M to monitor power usage and intends to show the revenue, power usage, and profit calculations after a sponsorship message for Tera Hosting, a crypto mining hosting service.
📉 Analyzing Earnings and Profit from Different GPUs
In this paragraph, the speaker provides a detailed account of the earnings from mining different cryptocurrencies like Zealous, CLOR, and Novo on various GPU models. The speaker mentions issues with a reptech board and shares the hash rates and daily earnings for each GPU type. The speaker notes the discrepancy between expected and actual earnings, attributing it to pool luck and network difficulties. The summary includes specific figures for earnings, power consumption, and the resulting profit or loss for each type of GPU, highlighting the profitability of mining Zealous compared to other coins.
🛠️ Transitioning to Solid and Exploring GPU Diversification
The speaker discusses a shift from traditional GPU mining to using GPUs for Solid, a service that rents out computing power. They compare the potential earnings from Solid rigs, which are expected to use less power and generate up to $50 per day, with the current GPU mining operations that consume significantly more power. The speaker plans to offset the high electricity costs of GPU mining by supplementing with earnings from Solid rigs and expresses an intention to provide further updates and comparisons in future videos. The speaker also touches on the importance of internet bandwidth and network security when setting up Solid rigs.
Mindmap
Keywords
💡GPU Mining
💡Zelous
💡Chlor
💡Novo
💡Hash Rate
💡Electrical Cost
💡Profit
💡
💡PDU
💡Octa Miners
💡Super K3M
💡Tera Hosting
💡SALAD
Highlights
Introduction to the video about calculating earnings from various GPU mining rigs.
Mention of different GPU models used for mining, including 3070s, A2000s, 3090s, RX 6700 XTs, and RTX 2060s.
Explanation of the process to calculate combined earnings and power consumption of the mining rigs.
Inclusion of a Super K3M device in the mining setup and its power consumption details.
Current mining activities focusing on Zealous coin and some mining of Chor on AMD rigs.
Sponsorship message about Tera hosting, a crypto mining hosting service.
Presentation of current mining revenue, power usage, and costs, with a focus on profitability.
Detailing of the number of GPUs online in the mining farm and their contribution to revenue.
Discussion of a mining rig with a defective reptech board and plans for repair.
Analysis of mining profitability for Zealous, showing earnings after electrical costs.
Comparison of actual earnings with expected earnings from hash rate calculators for Chor mining.
Mention of a Novo mining rig and its current profitability, including long-term holding strategy.
Introduction of the concept of 'pool luck' and its impact on mining earnings.
Comparison of different coins' mining profitability and the variance from expected earnings.
Transition to discussing Solid, a new type of GPU usage for outsourcing compute tasks.
Potential earnings from Solid rigs and their impact on offsetting electrical costs for GPU mining.
Considerations for setting up Solid rigs, including internet bandwidth and network security.
Future plans for a follow-up video on Solid and its comparison with traditional GPU mining.
Transcripts
hey guys red pen running here hope
you're doing well having a really great
day this video I wanted to do a how much
am I earning on all of my GPU mining
rigs currently including my other
basement as well okay with all the 307s
you guys know that are mining right now
but I have another set of gpus here and
I have various models 307s a2000s 309s
which I'm going to be taking the 390s
out for solid that'll be for another
video but yeah Radeon 7s RX 6700 XTS
5700 XTS RTX 2060s RTX 2070s and like 30
80s and I think 1660 series gpus I have
it all I have various gpus and what I'm
going to do is calculate how much I'm
earning on all of them combined and also
we're going to take note of how much
power consumption I am using Okay so
we're going to keep track of this I'm
just going to record these numbers here
total pdu power on uh I got three pdus
actually no four pdus dedicated to my
mining so I'm going to refer back to all
these numbers and I am going to see how
much power we are mining on everything
and then I'm going to see how much you
know Revenue we are earning and then how
much profit Okay because I'm going to
minus out the electrical Usage Now I do
have a I super k3m that is on here as
well on I believe it's uh this pdu here
so 11 mamp and 14 amp so I know majority
actually all of my GPS that are on in
this area is all in Octa miners so I'll
be able to see in hi roughly how much
power we're using at the wall okay
they're they're pretty smart at seeing
how much power we're using at the wall
and also my other 3070 place as well
I'll just take a total there and a total
here and then all the coins I'm
currently mining are basically zealous
and I got some chor mining some chor on
some AMD Rigs and uh I do have this rig
here that is mining Novo uh at the
moment okay so yeah it's uh yeah I'm
going to calculate how much I'm earning
here so I will go into the computer and
I'll show you guys how much I'm earning
after my electrical cost on everything
so I'll show you that right after a word
from today's video
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[Music]
mining okay guys right off the bat I
just want to show you currently all of
my gpus that are mining right now how
much we
earned okay in terms of I guess the
revenue also the yield how much power
I'm using and then the electrical cost
and then we'll figure out what the
profit is you can you can see it right
here so that's it you can close the
video now but no if you want to listen
to me just explain all that I have here
and you know all that I'm mining
currently then stay with me here okay so
just first all of the gpus that I have
okay it's a bunch I already said it's a
bunch of 30 series cards I have some 20
series some 16 series but over overall I
have about 151 gpus online on this Farm
here and then I have another about 88
online over here now some of you guys
may remember I do have a like a spec
mining rig all 6600 XTS that I'm doing
for long term I am not adding these in
okay in terms of the revenue profit
generation here I'm just mainly doing
this for my other Farms here because
this one here is meant for long term and
yes you guys may see one that's offline
for the past 8 Days the reptech board is
completely dead I I don't know what it
is it will not go back into hios after
you know reformatting the uh hard drive
so I have to get another reptech board
I'll do another video on that but
anyways besides the point let's go back
here okay so all of my gpus here zealous
Clore little bit of Novo and yeah that's
it and my 3070 farm at my other place
here is all on zealous these are all
370s combined I have
4015 megahash on zealous right now as of
yesterday I yielded about
5.17 zealous in one day and I can
confirm with you guys here on K1 pool
about
5.1
757 right here and currently the revenue
about that a total amount is worth about
$77.95 the total power consumption for
all that is about2
24,000 wat or
23.95 Kow okay so then the electrical
cost is going to be about $
4483 for me at about
0.078 uh USD okay that's the cost for
electric so then what is the profit of
me mining zealous right now well it's
about
$33.12 after my electrical cost okay so
that's how much I'm making after my
electrical cost now I have chor okay you
guys can see the results here uh I'm
basically mining about
$3.89 right now on uh viore right now
which is pretty cool here v.net but I
think I'm earning okay I'm going to go
through something here later on that I
think the profit calculators are maybe
wrong but you guys can give me your
thoughts here later but the past 24
hours I earned about 33 Chlor okay about
$3.89 worth of Chlor so I put that in
the sheet here I'm using about 20 almost
2 2400 watts and and the electric cost
about for that is about $441 so I'm
actually losing in terms of profit here
I'm negative 52 mining CLA on my two AMD
card uh rigs AMD rigs uh 5700 XTS and uh
60700 XTS okay so I'm losing there but
then now I also have this Novo rig which
really isn't much but I've yielded about
almost
750k worth of uh Novo here I I'm just
spec mining this corn on this uh GTX
1060 rig some of you guys may remember
this rig that I built uh not too long
ago and it's just spec money I'm
planning on changing to a new coin here
shortly I don't know what yet but uh
I'll keep you guys updated but I got to
record this here earned about 34 cents
worth but after electric I've I'm losing
about 33 cents a day uh on this Novo rig
but combined total I'm spending about
$50 in electric but after electric I'm
earning
$322 on everything here obviously the
zealous is the is the one that's making
the money here everything else uh like
CLA cuz I'm holding Novo I'm holding for
long term I guess and zealous I've been
holding and I have been selling the
price of zealous has been doing some fun
stuff but now I just wanted to do some
quick comparison here on Hash rate. a uh
you know calculator website to you know
just show you how much you could earn
guess in the next 24 hours so my chor
rig 387 megahash supposedly I'm supposed
to earn about
4415 Chlor a day in Revenue okay but
here on vipore I've earned about 33 so I
was just looking at the I guess the pool
effort okay in terms of their percentage
here and it it shows that looks like
just update last 5 minutes 117% pool
effort so they're not at the average
like 100% especially the past 7 days
days they're at
112% the past 7 days so the pool luck is
not as not as nice okay per say uh over
the past s days so I guess that kind of
coincides with me getting you know my
actual earnings I'm getting a little bit
less than what I guess hash rate. is
maybe calculating it could be wrong
though okay hash rate. could have it a
little bit higher than normal but the
pool luck factor is obviously a big
variable when it comes to this and
whichever pool you're mining I guess
overall like in the span of a year this
should you know break even at like 100%
normally it's probably just you know
some pools are lucky some pools are not
and it always switches all the time so
so it's not to say that you know v.net
is a bad pool it's just unlucky at this
point in time and maybe you know in the
next next month or two or something it
could be extremely lucky and you'll see
the pool effort below 100% so just take
that with a grain of salt there I just
wanted to do some comparison there but
next my Novo looks like I'm earning a
little bit less in terms of the yield
say I'm supposed to earn 880,000
Novo but uh according to woolly pulley
here I've earned about
750 uh K Novo all right so that looks
like it's uh showing a bit more than
what I'm I'm supposed to earn then
zealous here okay here's the big one
here it's supposed to earn about 5.96
zel about $88 .73 in a day so obviously
I'm not earning that I'm earning 5.17
yield and about 77 uh $78 in in Revenue
okay so about pretty much $10 less than
what's posted here so now that I think
about it maybe hashr on is inflating the
numbers maybe a little bit or maybe by
chance that the the network difficulties
the hash rate has fallen off these three
coins for some reason and now maybe the
next day if I do another recording of
the video maybe I'll earn 44 chore or
880k Novo or maybe 5.96 Z because the
network difficulties have dropped I
don't know maybe I can do another video
tomorrow let me know if you guys want to
see that but anyways guys I just wanted
to do this to tie into a video that I
did yesterday regarding you know my
journey here into building a bunch of
like AI Rigs and I'm putting them on
solid basically this this new type of uh
it's not mining okay it's it's it's
instead using gpus to Outsource your GPU
to rent it out to people that want to do
some type of of compute and they're
paying pretty good money to to rent your
rig okay so I did this video yesterday
I'm doing like N9 or 10 different 3090
Rigs and uh if I get them all up here
which is going to be in the next couple
days here I should be potentially
earning up to about $50 us a day and
each rig is going to be using about a
dollar a day in electricity if it's
full-time 500 watts on each rig but I've
seen and some of you guys may have saw
my live streams of setting up one of
these rigs is that it doesn't always all
every time use 500 watts sometimes it
goes down to 100 200 80 Watts like it's
going up and down up and down with these
rigs so anyways I just wanted to do a
difference there and uh when I get
everything all up and going you know the
10 solid rigs that I I'll have then I
will be doing a comparison against my uh
you know almost 250 300 gpus that are
mining currently and if this you know
all these gpus that are mining which are
taking you know almost
25 26,000 watts versus you know 4 5,000
Watts if I have 10 490s uh 309s going I
mean that's a pretty big difference and
so I that's why I made this video
yesterday the day before that I will be
able to offset my electrical usage from
my gpus here by paying it off okay with
my salad ings so that I'll be able to
huddle more of the yield of whatever
coin I decide to mine maybe I I'll
probably switch off to mining something
else but it's just you know just I just
wanted to put that in the perspective
like that way and so it's not me getting
out of GPU mining or anything it's me
trying to supplement the electrical cost
that obviously you know times are a
little bit rough now for GPU mining
dependent on your electrical cost of
course but it's it's yeah obviously it's
it's down but you know I'm trying to
also diversify in a way to yeah help
alleviate you know the burden of the
electrical cost that I'm incurring with
all my gpus here well 50 bucks you know
50 bucks a day on everything that I can
maybe help you know pay it off a little
bit by doing this whole salad Journey
that I yeah I'm starting to get into but
it's not I'm not going to go full force
you know have like hundreds of these
machines no because the internet
bandwidth utilizing on these things is
going to be a lot and you need to have
good internet upload uh download
especially because it's downloading
gigabytes and gigabytes of uh bandwidth
every hour so got to be mindful of that
as well and you know network security a
bunch of stuff which I I'm I'm going to
do another video explaining some tips
and tricks regarding salad and how I got
my rigs up and what to do and all that
kind of stuff so stay tuned for that
video if any of you guys are interested
but there's been a lot of people who
have been joining up and so all the
containers I guess the people are using
64 gigs of RAM those that have that have
higher chance of getting a container
and so you know as more people join up I
mean it depends on how salad is able to
Garner more of these compute jobs more
containers for everybody so we'll see
how that goes but I'll keep you guys
updated let me know your guys' thoughts
about all this stuff and uh I will do
another comparison next week sometime
comparing salad to my GPU Mining and uh
do some uh theoretical stuff as well all
right I'll see you on the next one let
me know your thoughts have a good one
peace out
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