Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: squadus on January 31, 2024, 05:10:36 AM
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I'm thrilled to unveil a detailed roadmap to amplify your cryptocurrency mining journey using the powerful tool, Kryptex. Whether you're a novice or a seasoned miner, this tutorial caters to all levels of expertise, providing insights for a seamless mining experience.
In-Depth Exploration:
1. Streamlined Installation and Account Creation:
Embark on your crypto mining adventure by effortlessly downloading Kryptex on your Windows or Linux system. The user-friendly setup ensures a smooth initiation, creating your Kryptex account as the central command center for your mining endeavors.
2. Fine-tuning Hardware for Optimal Performance:
Delve into the 'Benchmark' feature to fine-tune your hardware settings. Allow Kryptex to intelligently select algorithms tailored to your system, ensuring your mining rig operates at peak efficiency.
3. Initiating Mining Operations with Precision:
Navigate the 'Mining' tab to choose your preferred cryptocurrency. Witness Kryptex's dynamic adjustments, maximizing your earning potential across various algorithms and market conditions.
4. Real-time Monitoring for Informed Decisions:
Gain a comprehensive overview of your mining performance in the 'Statistics' tab. Access real-time data to make informed decisions, empowering you to adapt and optimize your strategy on the go.
5. Seamless Withdrawals with Versatility:
Head to the 'Withdraw' section for a hassle-free cash-out process. Enjoy flexibility by choosing from a diverse range of cryptocurrencies for your withdrawals.
6. Expert Tips and Troubleshooting Insights:
Elevate your mining prowess with advanced settings and expert tips. Troubleshoot common issues seamlessly to ensure your mining setup operates at peak efficiency.
Ready to take your crypto mining to new heights? Dive into the full tutorial here and join the community of empowered miners!
Feel free to share your thoughts, questions, or connect with fellow miners in the comments below. Let's build a collaborative space for crypto enthusiasts!
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I just compared estimated income shown by Kryptex[1] with Nicehash[2], where i find it's weird some GPU could earn more on Kryptex rather than NiceHash. Anyway, i'd rather use NiceHash since they're more popular and some of their application is open-source[3]. OP, do you have personal experience with Kryptex?
[1] https://www.kryptex.com/en/best-gpus-for-mining (https://www.kryptex.com/en/best-gpus-for-mining)
[2] https://www.nicehash.com/mining-hardware (https://www.nicehash.com/mining-hardware)
[3] https://github.com/nicehash/NiceHashMiner (https://github.com/nicehash/NiceHashMiner)
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I just compared estimated income shown by Kryptex[1] with Nicehash[2], where i find it's weird some GPU could earn more on Kryptex rather than NiceHash.
Different distribution on algorithms, once you go for the same hashrate for a single one you start getting the same income, the profit seems also a bit weird, I assume there are a few wattage differences that shouldn't be there!
Either way, the whole altcoin mining is playing the lottery now, you either have a leftover card that you can't sell and you want to mine for two years while under an electricity prepaid plan instead of selling it or you're going to lose money.
Also, quite funny kryptex has the default electricity price at 1 cent for they calculator, probably because of this:
3080ti at 1 cents kwh, profit $0.80 per day
3080ti at 15cents kwh, profit $-0.26 per day
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I don't think this is the right place to post this it doesn't actually mines Bitcoin instead they paid their miners into Bitcoin while mining other coins.
This section bitcoin mining should be fit to ASIC units that use sha256 algo these units are the one should be topic here on this section.
I think cryptocurrency mining is the right place to talk about this here's the right section for this https://www.altcoinstalks.com/index.php?board=151.0
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I don't think this is the right place to post this it doesn't actually mines Bitcoin instead they paid their miners into Bitcoin while mining other coins.
This section bitcoin mining should be fit to ASIC units that use sha256 algo these units are the one should be topic here on this section.
I think cryptocurrency mining is the right place to talk about this here's the right section for this https://www.altcoinstalks.com/index.php?board=151.0
Thanks for informing the OP of the subforum where this thread should be. I already moved the thread.
+1
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Either way, the whole altcoin mining is playing the lottery now, you either have a leftover card that you can't sell and you want to mine for two years while under an electricity prepaid plan instead of selling it or you're going to lose money.
But with AI booming, it should be easier to sell or rent used GPU. Although AFAIK they only want NVIDIA GPU.
Also, quite funny kryptex has the default electricity price at 1 cent for they calculator, probably because of this:
3080ti at 1 cents kwh, profit $0.80 per day
3080ti at 15cents kwh, profit $-0.26 per day
No wonder Kryptex claim offer more income. Although if open page for specific GPU (such as https://www.kryptex.com/en/hardware/nvidia-rtx-4090 (https://www.kryptex.com/en/hardware/nvidia-rtx-4090)), it use 2 cents as default electricity price.
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But with AI booming, it should be easier to sell or rent used GPU. Although AFAIK they only want NVIDIA GPU.
I don't know the market for those or what each project has for requirements, but when playing with stable diffusion old cards are simply useless to the new generation in terms of capacity in rendering. My new 4070 card simply destroyed the old 1660 I had, it was like not even a competition, plus the ram limitation is again another factor.
I highly doubt that a card which is losing money in mining would make some revenue in AI power lending as obviously guys with newer cards would do that too since it would be more profitable and taking over the market. Plus with these insane new games coming out the old generation that was pretty good for mining, I mean the high end 1/2xxx series will soon not be attractive anymore even on the used marketplace.
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I don't think this is the right place to post this it doesn't actually mines Bitcoin instead they paid their miners into Bitcoin while mining other coins.
This section bitcoin mining should be fit to ASIC units that use sha256 algo these units are the one should be topic here on this section.
I think cryptocurrency mining is the right place to talk about this here's the right section for this https://www.altcoinstalks.com/index.php?board=151.0
Thanks for informing the OP of the subforum where this thread should be. I already moved the thread.
+1
Great to hear! Your prompt action and efficiency in moving the thread to the appropriate subforum are much appreciated. If you have any further questions or need assistance, feel free to reach out. Thank you for helping keep the community organized!
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But with AI booming, it should be easier to sell or rent used GPU. Although AFAIK they only want NVIDIA GPU.
I don't know the market for those or what each project has for requirements, but when playing with stable diffusion old cards are simply useless to the new generation in terms of capacity in rendering. My new 4070 card simply destroyed the old 1660 I had, it was like not even a competition, plus the ram limitation is again another factor.
I never try rent or provide ones. But looking at vast.ai, RTX 4090 (with fast CPU/big RAM) has rent price starting from 2.2 USD per hour where owner of the device get 75% of rent price[2]. Meanwhile both Kryptex and NiceHash only claim about 1.4 to 1.5 USD per day.
I highly doubt that a card which is losing money in mining would make some revenue in AI power lending as obviously guys with newer cards would do that too since it would be more profitable and taking over the market. Plus with these insane new games coming out the old generation that was pretty good for mining, I mean the high end 1/2xxx series will soon not be attractive anymore even on the used marketplace.
Looking at number i mentioned, it's still possible to obtain profit. But it's limited to those who also set fast CPU/big RAM on their mining RIG or those who take risk upgrading their CPU/RAM.
[1] https://cloud.vast.ai/?gpu_option=RTX%204090 (https://cloud.vast.ai/?gpu_option=RTX%204090)
[2] https://vast.ai/faq#what-is-the-revenuefee-structure (https://vast.ai/faq#what-is-the-revenuefee-structure)