ETHEREUM - Let's see 'em...your rig

[Nuke And Juke]

Many years back, I didnt understand Crypto Currency. Still dont understand it. Loved watching the Netflix documentary on John McAfee. Still dont understand it.

Fast forward to last weekend, I worked on a project with my 12 year old. We started ETHER mining. Didnt understand it until now. And let me tell you...it's addictive. We are now mining at a rate of ~$10 a day. It's not alot of money and certainly probably wont make anyone rich...but...

I'm hoping my son learns from this, parlays into building computers on his own, and take the money we mined together and invest it in stocks or what not. It's something that I probably should have stayed on top of when Bitcoin came out.

For those who dont know what it is:
Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.

Anyone doing this already, please share your mining rig.
Others wanting to try, PM me and I will answer all the questions that i wasnt able to get when i l looked into it.

 

[Ex313]

What are you using for the mining?

 

[rbstern]

Many years back, I didnt understand Crypto Currency. Still dont understand it. Loved watching the Netflix documentary on John McAfee. Still dont understand it.

Fast forward to last weekend, I worked on a project with my 12 year old. We started ETHER mining. Didnt understand it until now. And let me tell you...it's addictive. We are now mining at a rate of ~$10 a day. It's not alot of money and certainly probably wont make anyone rich...but...

I'm hoping my son learns from this, parlays into building computers on his own, and take the money we mined together and invest it in stocks or what not. It's something that I probably should have stayed on top of when Bitcoin came out.

For those who dont know what it is:
Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.

Anyone doing this already, please share your mining rig.
Others wanting to try, PM me and I will answer all the questions that i wasnt able to get when i l looked into it.

$10/day after accounting for power consumption?

Either way, always good to do a father-son project, regardless of the fiscal return.

 

[eightnsand]

In. My front end loader is idle a lot during the winter.
GLWmining.

 

[rustyboy]

$10/day after accounting for power consumption?

Either way, always good to do a father-son project, regardless of the fiscal return.

Came to post this exactly. TANSTAAFL, but a rig with your boy has value.

 

[Outlier]

In. Wish I would have attempted this years ago.

 

[WildMan]

Yeh curious about the morning rig. You can buy small super computer rigs that are seriously about the size of a brick. They just sit there and mine all day. The electrical usage is insane and they could probably heat a few rooms in a house

 

[elduque1969]

What GPUs are you running?

 

[Nuke And Juke]

I did some research and I came up with 2 profound problems to solve:

1. How to mine: What software, where, how, and when...
2. What rig to build: This is strictly hardware...

So rather to open up a pandora box, i started with just buying a gaming computer with the capability to mine. I ended up with a 3080 RTX graphic card running on a core i9 CPU. With that in mind, i was able to tackle #1 by getting it to work. So in solving #1, i figured out what, where how and when.

Now that I'm earning $11 a day...see here:
https://flexpool.io/0x10eaE4853082D0112C31ab6FAe3D05a8D6078C01

Once I am earning...now I will tackle the what rig to build. So im going to have my son do some research, pricing, shopping and work his way into acquiring the items he need to build a rig.

And since we already know step once, it will be simply plug and play from that point on

 

[Realtor]

Been posting about crypto since 2019 on here
Don’t think Anyone listened
Bought bitcoin @12,000$ and Ethereum at $1000