what is that heat tube even supposed to be doing<\/em><\/p>\n Graphics card mining for Bitcoin was wiped out by the advent of FPGA<\/a> and then ASIC<\/a> mining. But with the 2017 crypto bubble, for a while there in June you could actually come out ahead mining Ethereum, in a limited set of conditions:<\/p>\n So of course, foolish persons went all-in and bought new hardware to burn out<\/a> that they could never<\/i> pay off before it was obsolete!<\/p>\n One month ago I partnered up with 2 of my buddies to start a huge Ethereum mining investment. We went to every Micro Center in New York and cleared all the AMD cards off the shelves. We also purchased cards on NewEgg, Amazon, BestBuy and etc. We had friends and relatives shipped cards to us from out of state. Two weeks ago we finally found a suitable space to run our rigs. It is a warehouse about a 1 hour drive away from where we live. We signed the lease and immediately hired an electrician to do some wiring work. It was not until a week ago that we realized we purchased way too many graphic cards. We simply do not have enough electrical power to support all our rigs. I mean we knew we wouldn\u2019t have enough electrical power from the start but we thought we could just add more power to the place easily but apparently that\u2019s not the case. We have to apply for it, wait for its\u2019 approval and even after it\u2019s approved it is going to be quite costly. So a cheaper and faster solution to our problem right now is to look for a second space which we are in the process of doing right now. But we still have too many cards right now. Currently we\u2019re running around 85 – 95 graphic cards and some heavy duty fans from Home Depot at our current place. We still have about 150 graphic cards sitting around and another 17 coming from California. Assuming the second space we lease will most likely have the standard electrical power available, that will mean we will have to look for a third space …<\/p><\/blockquote>\n Competence hasn’t improved any since 2012 \u2014 e.g.<\/i>, a forum thread<\/a> in which a user asks why his mining rig won’t boot, eventually posting a photo of the CPU:<\/p>\n If you buy literally the wrong CPU for your motherboard … just push harder!<\/i><\/p>\n As the bubble continues, Ethereum’s no longer easy to profit from, but various altcoins can often be mined on a graphics card at a positive return. It’s difficult and fiddly to work out what the most profitable mining mix is for any given day \u2014 so NiceHash<\/a> sprung up, a service that would pick what coin to mine and sell your mined altcoin for bitcoins, taking a commission. All you needed to do was install their client software, run it as administrator, disable your virus checker … what could possibly go wrong?<\/p>\n As it happened, NiceHash got hacked<\/a>. $60 million in users’ bitcoins was stolen. It also came out that the company was set up by a convicted hacker<\/a>, though he swears his innocence<\/a>.<\/p>\n NiceHash swear they’re coming back<\/a>. Most of their previous home miners have abandoned them, and other similar services are in such demand they’re running out of capacity.<\/p>\n But they have their loyal fans. So NiceHash asked them to publicly show off their well-thought-out and robustly constructed mining setups, on the Twitter tag #NiceHashMiner<\/a>! Collecting your NiceHash Mining Accident Futures for your convenience.<\/p>\n <\/p>\n Definitely nothing that could go wrong putting an electric heater in a wooden box:<\/p>\n Let’s just shove a fan loose on top, that should do the job:<\/p>\n #NiceHashMiner<\/a> gtx1060x6 pic.twitter.com\/EmQBWhZe7y<\/a><\/p>\n — \u3061\u3073\u30b3\u30b8\u30e7 (@tibikojo) December 10, 2017<\/a><\/p><\/blockquote>\n![\"\"](\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/12\/mining-rig.jpg\")
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