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Introduction to GPU and Asic mining
Today, we’re going to discuss what I’m currently mining, using both Asic (Application Specific Integrated Circuits) and GPUs (Graphics Processing Units). This report is a snapshot of what I’m mining as of the end of July 2023.
Our sponsor for this video is cryptocaverns.com. I had the chance to visit the Crypto Caverns mining farm in Upstate New York in October, where rows and rows of Asics, hosted by customers, line the facility, impressively located by a river and a hydroelectric dam. Crypto Caverns now offers the public the chance to buy GPUs and Asics from its website in any quantities, with no minimum purchase required.
In-depth Look into Asic Mining
To get started let’s discuss two of my older Asic miners- the L3 plus, a script miner that pays in Doge or Litecoin, and the Goldshell X5. These devices are several years old, and while they may not be as efficient as some newer models, they’re still quite useful. They’re both connected to unminable.com, where I am focusing on mining to grow my Dogecoin.
Mining Asic Rigs
In addition to the L3 Plus and Goldshell X5, there are four other units across my mining shelves in my crypto mining shed. These include Jazz Miner X4 Q, a Jazz Miner x41u, and two E9 Pros on two miners. Unfortunately, Jazz Miners and E9s aren’t supported on Nicehash, otherwise, I could enjoy Bitcoin payouts. Instead, I mine two miners, earning Ethereum classic but converting it to Bitcoin.
Diving into GPU Mining
Now for my true passion: GPU mining. GPU mining is the process of using graphics cards to mine cryptocurrencies. Here’s a rundown of the GPU rigs I currently have working.
GPU Mining Rig – Charizard
The Charizard rig is named after the fire-breathing dragon in Pokemon. It is currently mining Dynex, mainly because this is where profitability lies for GPU mining right now.
GPU Mining Rig – Huo
Next, we have the Huo rig, which is mining Flux, one of the big components of my crypto mining portfolio. The rig runs on eight MSI gamer X 1660 TI’s graphics cards.
GPU Mining Rig – Onix
Then, there’s the Onix rig, built within an Octominer case – a variety of 3060 and 3060 TIs. The rig is set to mine Ergo. While I cashed out and out of Ergo after its price dropped drastically at the beginning of the year, recent developments in the Ergo project have engendered its potential prompting me to revisit it.
Exploring FPGAs and Other Rigs
Lastly, I have a couple of additional mining devices, including one FPGA (Field Programmable Gate Array) called the MultiMiner M2, and Ice River KS0.
The FPGA, unlike an Asic miner, can be programmed to mine various types of cryptocurrencies, while the Ice River KS0 is a type of Asic miner. However, due to recent developments, I moved the MultiMiner M2 off of Casper and onto Radien, while Ice River KS0 is hot on Casper.
As a hobbyist miner, I find this journey both challenging and rewarding. The importance of diversification in mining is pure. I’m always curious to see what others are mining, how they’re finding those “unicorns,” and unearthing hidden gems. I hope you’ve found this peek into my mining process insightful, and I encourage you to share your mining expeditions and experiences as well!
At the end of the day, it’s all about learning, growing, and, most importantly, having some fun along the way. Visit my website, hobbyistminer.io which is a new landing page for my brand and for the community. You can schedule one-on-one time with me or connect me with other crypto enthusiasts.