Mining with an RTX 3080

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theunseenshadow

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#1  Edited By theunseenshadow

Am I crazy for using Nicehash to mine during idle time with my RTX 3080? I know I'm super fortunate to have even found the card but I recently found that I can generate about $7.5 USD a day when factoring in my low electricity costs. I am using an Asus Tuf 3080 which is thankfully one of the better-cooled cards, it keeps around 45 C while mining. I've always heard that mining is awful for your card however, I am seeing much higher temps and resource usage while gaming so I'm not really sure if that is still true. Currently, nicehash is mining ETH which gets converted into BTC and BTC is only expected to keep rising in price so theoretically I could eventually be making even more per day. Should I be doing this? Is it awful for my card? Is there a better more profitable way I could be doing this?

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kevlargorilla

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If you believe that Bitcoin will only go up, you would sell your card and computer and buy Bitcoin outright.

You will save time, you'll likely make more money, and you'll be doing your neighbors and the environment a favor from wasting resources.

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frytup

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This probably isn't the best place to be asking for crypto mining tips.

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Efesell

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#4 Efesell  Online

Didn't Bitcoin literally just crash, again.

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OurSin_360

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How are you're costs that low with such a power hungry card?

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Ry_Ry

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seems like a waste of power and time.

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Tunnelman

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I would suspect you’re really pushing that card hard with it doing that during off time. I would expect it to fail sooner than normal use. I would also agree that if you’re interested in the currency you’d be better off just investing rather than mining these days.

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theunseenshadow

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@oursin_360: Undervolting. Mining at least right now is more about memory clocks than core clocks so I can pull the power wayy down and it only pulls a bit more than 200 watts.

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theunseenshadow

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@efesell: Not really, It dipped from $40,000 to $34,000 and now it's back up to $37,000 in a matter of days

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Giant_Gamer

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7.5 a day, that's around 3000$ a year.

If you can factor the electric bill cost and the card cost and find yourself with extra money then I think it's a good investment.

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OurSin_360

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@oursin_360: Undervolting. Mining at least right now is more about memory clocks than core clocks so I can pull the power wayy down and it only pulls a bit more than 200 watts.

interesting, how many hours a day do you mine? Keep it on constantly?

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theunseenshadow

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@oursin_360: I have it set to start mining after 10 minutes of inactivity since it's also my main pc and it stops as soon as I move my mouse. I keep in on 24/7

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sombre

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@oursin_360: I have it set to start mining after 10 minutes of inactivity since it's also my main pc and it stops as soon as I move my mouse. I keep in on 24/7

Keeping your PC on 24/7 is a recipe for running your PC into the ground in about 2 years

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Efesell

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#14 Efesell  Online

@sombre: I have no concept of when the last time I would have fully turned my PC off.

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sombre

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@efesell said:

@sombre: I have no concept of when the last time I would have fully turned my PC off.

How do you afford the electricity bill on that?

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theunseenshadow

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@sombre: People usually vastly overestimate the amount of electricity their PC actually uses. Their thinking is along the lines of "I have a 750W power supply so I must be using 750W all the time." In reality, it is closer to 50-100w of constant usage. Things like your heating or air conditioner, hot water heater, stove, and Refrigerator uses nearly 10 to 20 times that energy usage in the same time span. Modern PC's are incredibly energy efficient and can intelligently ramp up and down their power draw when they need it.

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Efesell

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#18  Edited By Efesell  Online

@sombre: It doesn’t add very much? I worry about space heaters more than I ever would a PC

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huntad

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@theunseenshadow: Yeah Idk why people still think that PCs use a ton of power. A quick google search will show that PCs are so energy efficient and cost barely anything while idling.

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LilNatureBoyX

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#20  Edited By LilNatureBoyX

My electric is taken care of (monthly rate hotel) and I have a 2070super I'd be okay with ruining as long as I made its ebay value ($400?) before croaking. Really considering doing this, at least until BTC crashes to 25-28,000 again where buying makes more sense.