The new occupation. Crypto-prospectin' by l0k1

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· @l0k1 · (edited)
$5.83
The new occupation. Crypto-prospectin'
![The New Rig](https://steemitimages.com/DQmXY3bFZ2ZW33TrjRBDk8UPBZdkyKSEkDQNb8QV4L5MQRh/7799242102694147063-account_id%3D1.jpg)

So, I've been pretty quiet lately, and that's because I have decided to take up mining. This here rig above has an Nvidia 1060 3Gb and 1080 8gb, and churns out approximately $9 a day using nicehash.

I will be getting another rig in a day or two, this one will have the top end amd APU, a pair of AMD RX 580s and I expect it will do me for a good 10-15ish somewhere around that.

I need to ensure my future income so I can continue to work on the Dawn Network, not be worrying about when I'm going to snag a contract. I'll be running a small farm of these rigs so I'm making enough money to cover extras that come along as well.

Oh, I forgot to mention what I am mining. I am using Nicehash: https://www.nicehash.com - windows only, it benchmarks your rig, calculates how much hash you got for each algorithm, and automatically selects the one with the biggest reward per hash. Set and forget. It is very nice indeed.

## update

This is my nicehash account that I am mining with: https://www.nicehash.com/index.jsp?utm_source=NHM&p=miners&addr=1k6YP7UMmNATXHp22aapat6yhdU4DNnxs  I have a amd RX 580, and an nvidia 1060 3Gb and 1080, tomorrow i will be getting the replacement second 580, the first was DOA, this will be another $3/day worth of income.

I am moving house this weekend also, to stay with @deearchi and her man Vladimir, out of the dungeon, to nearly the top of a 10 story tower, with a perfect view of the rising sun in the morning... And then I will get back to working on Dawn, finish the protocols and start actually writing the program bits...

It's nice to finally not be having to worry about not having enough money to even have a house...
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 95 others
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@cryptodog ·
$0.07
Nice, What crypto do you mine?
👍  
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@l0k1 ·
nicehash takes care of deciding what to mine, it just benchmarks your rig on all the algorithms, so it knows what hashrate, divides that by the difficulty and the current price so you mine whatever is the most profitable. Currently it's mining a mix of lbry and equihash. I highly recommend nicehash.
👍  
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@cryptodog ·
$0.07
Ahh Right. That's interesting. Will definitely look into it. Thanks.
👍  
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@mnemonic ·
$0.06
Does it have so you can set electric cost and get that in the mix of the calculation, I mean it might show what coin is profitable to mine but if it use more power cost then the mining output.
👍  
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@the-ego-is-you ·
$0.07
With cheap electricity, should be some good opportunities out there.
👍  
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@prufarchy ·
$0.07
Awesome, L0ki! I'm gearing up to do the same thing. Approx how much did the rig/s cost to build? Just curious how long until ROI is achieved for the machine itself
👍  
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@l0k1 ·
This one was about $1300ish... so I guess in about 150 days (5 months) it returns. But part of why I got it is for cashflow more so than just earning money. It's a machine that you put money in, and money comes back out, slowly. I know it will have paid for itself in 5 months time, but in the meantime I know there's $280/month or so coming out of it, which pays my rent and food bills, on an ongoing basis.
👍  
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@prufarchy ·
$0.07
Oh I agree, I was just curious about the initial input. I'm looking forward to seeing how it's going in a month or so:)
👍  
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@blunderbabe ·
$0.06
I've never even considered mining until I saw your post. Please keep posting on this topic!
👍  
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@bontonstory ·
$0.07
Enjoyed your stories. I'm your 819th follower now. :) See you again! Mr. @l0k1
👍  
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@holoz0r ·
$0.08
Wish I could start mining again... electricity costs way too much here in Australia to make it worthwhile!
👍  ,
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@personz ·
$0.07
Thanks for the tip buddy
👍  
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@justinashby ·
$0.07
I am glad, my friend, things are gaining momentum! :) Woot!
👍  
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@xanoxt ·
$0.06
I might have some good news for you some time soon. :-)
👍  
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@l0k1 ·
I am moving this weekend to share Milica and Vladimir (@deearchi)'s apartment, out of the dungeon... btw, this is my mining account here: https://www.nicehash.com/index.jsp?utm_source=NHM&p=miners&addr=1k6YP7UMmNATXHp22aapat6yhdU4DNnxs  I got my rent and bills sorted for the next year or two now :)

I'm wondering what this news of yours is going to be...
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@xanoxt ·
$0.06
Remember we talked about a certain computer back in Amsterdam? I am still waiting for the keys, but once I have them there are going to be some good news. :-)
👍  
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@taraamin77 ·
$0.06
Love your account!! Thanks for sharing! Upvoted and followed!! :)
👍  
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@uadigger · (edited)
$0.06
That's cool
I wish you success!
Hi miners from Ukraine :)))
👍  
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@mahaji ·
$0.06
It seems that this is the dream of every miner - to purchase a house :)
👍  
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@l0k1 ·
yeah, it would be very nice to get a nice big villa somewhere around... i'd need about 50,000 euros to do it
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vote details (1)
@mahaji ·
$0.06
I wish you success for your plans!
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vote details (1)
@neeraju9 ·
thanks
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@fauzi86 ·
Nice, very good
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@yacov ·
$0.06
that sounds cool
is it a PC that you have assembled or ...what kind of hardware is it (in the photo) that you use to mine?
👍  ,
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vote details (2)
@l0k1 · (edited)
that one is a thermaltake gaming box, 750W PSU, an nvidia 1060 3Gb and 1080, intel i5 cpu, 2x4Gb ddr4 2133, it cost about €1300 and produces about €8/day. I now also have a second one, I got a pair of AMD RX 580 cards for it, though one of them was DOA, i'll be getting the replacement tomorrow, and then my mining productivity will go up to about €13/day. In the next week I am going to organise another 5 cards and the pci express risers, and a suitable power supply, which will bring my profit level up to about 30 euros a day. At that point I think I can say I don't have to worry about how to pay my bills :)
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vote details (1)
@yacov · (edited)
sounds good ..i was thinking of doing some mining but many people say it is not very profitable and the electricity eats all the money you mine ..maybe a stronger hardware could do the trick  ..i still need to study this
![](https://steemitimages.com/DQmUxdREUKr2XjncTpSR4nZ5fb8spt2drZENtHmP3ihnzwT/image.png)
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vote details (1)
@syrne ·
$0.06
Following!
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vote details (1)
@rt395 ·
Mining is something I think every new crypto investor should try. It helps to understand the backend of things.

I bought a new, cheap HP with win10 and a 2gb gpu for $120. I wanted to see how it all worked. It's been a fun learning experience. Mined a ton of BCN when it was .00000017, it's now .00000118, some XMR and other coins.

Don't think of the electricity short term, think coin value long term. Look at how much the value of coins have increased since late March, boom! If you would have set your rig up before March you'd be a happy person right now. Even now it's still early as so many coins are only beginning to position themselves. 

I'm getting ready to build a better rig now that I know what I'm doing. Happy mining!
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@l0k1 ·
Yep, you got it spot on. I started mining in a large part after having some experience running a Steem Witness. I made a mistake to not continue to run my witnesses but I don't think it is that important. I was making what at current prices is about worth $5/day, and on top of that about $1.50/day on curation rewards. I actually almost am paying my rent on this! I just don't want to continue to mince with the establishment of Steem anymore. They have shown utter disinterest in what has proven over and over again to be correct insights from me about what is happening and why. *shrug* I'll just build the Dawn Network and who cares about who is wrong. Let the market decide :)
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vote details (1)
@klymacks ·
$0.10
Great post, I followed and upvoted. I'm going to have to check out nicehash right now! Looking forward to seeing more about the mining operation!
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