In b4 “You wont make a profit”… i know, i want to use my computer to heat my apartment. i figure that even if i’m making a “loss” each month on the mining it’s still cheaper than running my apartments electric heaters when you account for the sold (or not) bitcoin.
I’ve been doing well keeping things warm by Folding at home on the CPU but apparently AMD GPUs aren’t supported for that and i want to put my GPU to work too.
I briefly mined some litecoin in like 2013/14 when BTC was just about popping off. other than that i have no mining experience (and i would have been using windows back then)
Need to sort something soon, Jan and Feb are probs the coldest months in the UK and i have gotten this far this year without using the heaters
Aren’t you still running at a loss, when you count in the wear on the GPU? Anyway, can’t help with mining, but if you want to use your GPU for some heat, you can try joining AI Horde and let others generate images using your GPU. You won’t make any profit though (except for virtual credits that can in turn be used for generating images yourself).
My understanding is that mining it’s self doesnt actually wear out the GPU, thermal cycles do.
That doesn’t sound right, I’d say both isn’t very good, especially because the common desktop GPUs weren’t really created with 24/7 usage in mind. Anyway, GPUs do get hot during mining, so thermal cycles will happen too.
Anyway, I just offered an alternative which uses your GPU more or less the same as mining and IMO makes more sense (giving access to AI to the poor instead of it being yet again another tool of the rich), but if you’d rather offset your costs by mining, that’s very fine! Just make sure to do your calculations correctly.
if i kick off a job at the start of January and and then finish it when it starts to warm up in March then that would be one thermal cycle over the course of three months.
rather than kicking off a game every day. IMO mining would cause less issues than casual gaming. I am reasonably prepared to take the risk on this though for the sake of experimentation. if i have to replace a GPU it will have been a bad day but it won’t break me
Judging by what others have said though it’s probs a better idea to mine more profitable alt coins and then exchange those for bitcoin for medium - long term storage.
There was one i was looking at earlier which uses GPU for AI as you suggested. I don’t think it’s a philanthropic endeavor though and i’m not sure i’m comfortable with people possibly using my hardware/internet connection to generate potentially illegal stuff.
I live in a 5 eyes country and don’t fancy explaining to the police why such material may have been coming from my network in that scenario