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.

Outlines

00:00

🔍 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.

05:00

📉 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.

10:01

🛠️ 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.

Keywords

💡GPU Mining

GPU Mining refers to the process of using graphics processing units (GPUs) to perform complex calculations for cryptocurrency mining. In the video, the creator discusses their experience with various GPU mining rigs, including the types of GPUs used and the earnings generated from mining different cryptocurrencies, which is central to the video's theme of evaluating mining profitability.

💡Zelous

Zelous is a cryptocurrency that the video creator is mining with their GPU rigs. It is mentioned as one of the main coins being mined, and the earnings from Zelous are a significant part of the creator's mining revenue. The video discusses the hash rate and daily earnings from mining Zelous.

💡Chlor

Chlor is another cryptocurrency mentioned in the script, which the creator is mining on some AMD rigs. The video highlights the earnings from Chlor, which, unlike Zelous, is showing a loss after accounting for electricity costs, illustrating the variable profitability of different cryptocurrencies.

💡Novo

Novo is a cryptocurrency that the creator is spec mining on a GTX 1060 rig. The term 'spec mining' suggests that the creator is mining with the intention of holding the coins for potential future gains. The video notes the earnings and electricity costs associated with mining Novo.

💡Hash Rate

Hash rate is a measure of the computational power the mining rig contributes to the cryptocurrency network. The video discusses the hash rates of different mining setups and how they relate to the earnings potential of mining various cryptocurrencies. It also touches on the variance between expected and actual earnings due to fluctuations in network difficulty.

💡Electrical Cost

Electrical Cost refers to the expense incurred for the electricity used to power the mining rigs. The video creator calculates the electrical costs for their mining operations and compares it with the earnings from mining to determine the overall profitability. It is a critical factor in assessing the financial viability of GPU mining.

💡Profit

Profit in the context of the video is the net earnings after subtracting the electrical costs from the total revenue generated by mining cryptocurrencies. The creator evaluates the profit from mining different coins to understand which are the most lucrative after considering operational costs.

💡

💡PDU

PDU stands for Power Distribution Unit, which is a device that powers multiple devices or mining rigs in this case. The video mentions that the creator has multiple PDUs dedicated to their mining operation, emphasizing the scale of their setup and the importance of tracking power usage.

💡Octa Miners

Octa Miners likely refers to mining rigs that are capable of running eight GPUs simultaneously. In the video, the creator mentions that most of their GPUs in a particular area are all in Octa miners, indicating a high-density mining setup designed to maximize mining efficiency.

💡Super K3M

Super K3M appears to be a specific model or type of mining rig mentioned in the video. It is included in the discussion about power usage, suggesting that it is a component of the creator's mining operation that contributes to the overall power consumption.

💡Tera Hosting

Tera Hosting is a service mentioned in the video that offers crypto miner hosting solutions. It is advertised as a hassle-free alternative to running crypto miners at home, providing top-tier facilities, 24/7 support, and repair services, which is relevant to the video's theme of mining operations and their associated challenges.

💡SALAD

SALAD seems to refer to a new venture or platform that the creator is exploring, which involves using GPUs for outsourcing compute tasks rather than traditional mining. The creator discusses the potential earnings from SALAD rigs and how they might offset the electrical costs of their mining operation, indicating a shift towards a different form of monetizing GPU power.

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