LHR fully 100% unlocked now - expect GPU prices to rise

[Psycho Sonny]

https://www.youtube.com/watch?v=aRDsV5qlfuQ

https://www.youtube.com/watch?v=7JwtKNiKdIM

 

[Psycho Sonny]

Good find


Sonny, there are so many cards out there, but this way appears to have high power consumption, with energy prices rising and the difficulty of dual mining or the niche of it with only one miner, will put many off they can get non LHR cards of the bay for the same price?

it's not high energy consumption at all. It's same as you would without LHR.

Different algorithms use different power. So ravencoin uses more than ergo as an example. If you want to mine ravencoin then sure it uses more power but if you want to mine ergo it uses less. So it's the same power as before as that has always been the case. If it used more power then it wouldn't be more profitable. This effectively unlocks 100% of the power by using 30% of the gpu to mine ethereum and 70% (without LHR kicking in) to mine one of 3 other altcoins of your choosing.

i fully expect prices to rise now until ethereum time bomb kicks in because of the chip shortage. having a crypto boom, chip shortage, pandemic and evergreen canal incident is unprecedented. if mining does crash. you won't see as big a GPU crash as before but I do expect a crash come early 2022 (feb/march) however until then prices should continue to rise. before stabilising then dropping.

if you have an LHR card you can now make similar amounts of profit as non lhr. very little in it. that means LHR cards will be more in demand to miners.

 

[Psycho Sonny]

Isn’t this unlock basically mining 2 profitable coins at the same time? That’s not really an unlock.

Yes and no.

You could mine before but got only 50% on Ethereum or 75% on ergo and 100% on everything else.

Ergo could be fooled into 100% by using low power limits.

Ethereum had been hacked to get to 70% from 50%.

You can now mine ergo at 70% of 100% and Ethereum at 30% of 100% meaning you now get 100% usage out of the card whilst mining.

Before you were getting maximum 70% when using Ethereum you can now push that to 100% by mining ergo at the same time or raven coin or the other third coin.

Either way. LHR cards could only work 100% on the likes of raven before but people want to mine Ethereum whilst maxing their ROI. You can do this now with this new unlock.

Profits on LHR cards have increased as a result.

 

[Psycho Sonny]

Nvidia might launch a block in the next set of drivers ?

And what difference would that make? They would just use previous drivers.

 

[Psycho Sonny]

This isn't good news. I gave both videos a thumbs down and tried to report them but none of the categories were suitable.

Lolwot?

Why would you report them?

 

[Psycho Sonny]

Because people will watch the video and start mining more. I'm fed up of miners and fed up of high prices.

Well you better get used to high prices. Unprecedented levels of inflation are currently incurring and will continue for many years to come.

 

[Psycho Sonny]

Its been difficult while at work because I work with customers etc. The last drop happened during my day off so I ordered a 3060 ti. I was so excited and started to panic because it was taking a while to go through checkout and I accidently chose in-store collection instead of delivery. I live at the other end of the country so phoned them up to add delivery. However, they said the rules for FE cards stipulate that the delivery address can't be changed. So I had to cancel the order. It still counts as an order on Nvidia's database so I've lost my turn.

I'll try and get an Intel card when they release.

Why didn't you just get a 3060ti off here when they were on offer?

 

[Psycho Sonny]

And even then btc would need to drop too

Ethereum you mean

 

[Psycho Sonny]

I'm paying roughly £60 a month for electricity from Scottish Power and it's been steadily going up every 3-6 months, My current flat I started out at £20 per month 2 years ago, I use no more now than I did then and by the end of the year it's going up to £80 per month, If I started mining they'd see the huge spike in usage and before long I'd be paying hundreds per month.

What difference does that make though if it pays for the difference and more?

 

[Psycho Sonny]

Lol XD





I actually use my rig though, At night it gets turned off and the time I did try mining I got maybe £2 per day which wasn't worth the outlay in electricity and the inability to actually use my rig.

You need an efficient modern current gen gou to make it worthwhile but for that £60 a month you were likley looking at £5 a month of leccy. You can also still use the rig. You can do everything bar game when mining and if you want to game you can turn mining off and then back on again when finished.

Don't see the issue myself

 

[Psycho Sonny]

Using a 3080 Ti but I just don't see the point in putting undue stress on the system for long periods of time for an extra £2 per day especially when GPU's are bloody hard to get hold of right now and RMA's would likely take a fair while should anything go wrong.

It's actually $4.45 profit per day

https://whattomine.com/gpus/61-nvidia-geforce-rtx-3080-ti?cost=0.21

$5.66 per day before electric

 

[Psycho Sonny]

Which comes out to just over £3 per 24 hours of mining which means not being able to use my rig properly, I'll pass thanks

I've already explained you can use your rig properly your choice though.

 

[Psycho Sonny]

It's less than 3 pounds Sonny used electricity cost in dollars. It is indeed barely worth it.

21 cents is 15p which is my current rate. Unless the exchange rate has changed since I last checked

 

[Psycho Sonny]

And I've already explained my stance, I use my GPU for more than gaming, Mining would cut into it making it unusable for my specific tasks, £3 per full 24 hours of mining while not being able to use my GPU is not worth it at all, If I had a 2nd rig that I wanted to mine with yeah sure but I don't.

You don't need to mine 24 hours per day either. You can mine whilst asleep if you use your computer whilst awake

 

[Psycho Sonny]

Yah, the figure he claims is over 24hours , that could mean mining over 3days for that, if you just turn it on at night so his calculations are wrong and more like £30 a month for all that risk.

Since when has $4.45 x 15 = £30?

it's still £600 per year and what risk? people have been mining now for 5+ years and still do it today because it's free money.

a lot of people that don't know anything about mining still showing ignorance. the stuff i mined back in 2017/2018 is worth £8K per month at todays prices. Yes £8K per month. Yet people back then were like it's not worth it you only make 50P per day. Well jokes on them.

 

[Psycho Sonny]

You just set you phone to alert you, that's how most people got their cards. Also I managed to get cards from other AIB retailers without alerts while working. Sadly prices are not coming down and next gen is already rumoured to be way more expensive than this gen, this is the gpu market now we sadly have to live with if we need gpus, for my reasons is work for the gpus if it was for gaming only I would have stuck with my old card, but for my work I had to update this gen as I avoided two gens before and couldn't do it again, so my hand was forced this upgrade.

I wouldn't feel too sorry for him. He had 12 x 1070's mining away at one point. If he didn't keep one to game on or have any gpu to sell on currently to make up the difference it's his own fault. I sold my 2070 super to upgrade. Got what I paid for it which was nice.

 

[Psycho Sonny]

The same is true of all investments.

I was going to reply to his post but it looks like he will never get it.

Crypto historically has outperformed every other market. Yes I know this means nothing is guaranteed of what will happen in future which is why you diversify. Also if you have to sell the crypto to pay the £5 a month leccy then I don't think you should be buying a 3080ti in the first place.

It's like buying a porsche then complaining that it does 25mpg. Anyone who owns a 3080ti can afford the £60 a year electricity bill generated from mining on it 24/7. Even if your leccy doubles when the rate ends it's still only £120 a year.

Also no issues with the VRAM it throttles before it hits outwith manufacturers specs. It's rated to 125C from the research I have done and throttles at 110C. So it's impossible to damage it unless you use unstable clocks but they usually cause errors and crashes so obvious to spot.

 

[Psycho Sonny]

GDDR6X (micron.com)

The maker of the ram says max temp is 105 degrees before throttling

I watched a youtube video which broke it all down and went through the manufacturers official technical sheet.

The max temp of the RAM itself is 125C which above that will cause damage.

You then have sensors placed on the casing of the VRAM and it's max temp shouldn't exceed 95/105C iirc. However that is like the heatsink on a CPU. The actual RAM itself can go to 125C which is why nvidia throttles it at 110C.

I have also yet to hear of a single case of mining affecting gddr6x memory and plenty of miners on here running them.

 

[Psycho Sonny]

Yeah, it boggles the mind what mental gymnastics people will do to try to "prove" that mining hasn't been profitable for the last 10 years, that's better track record than a lot of other investments.
I mean, you could have pumped money in to the FTSE any time in the last 5 years and had to cash out when covid hit and eaten a 40% loss, like you can cherry pick any numbers you like to try to prove a point, but all investments are a risk, that's the whole point, if you just stick your money under the mattress you won't lose all of it (even then you could have a house fire), but you won't make any gains either.

There is a risk in absolutely everything. There is no such thing as zero risk.

Even having your money in the bank is a risk. You don't know what could happen tomorrow. The pandemic should have opened peoples eyes that literally anything is possible and nothing is safe any more.

 

[Psycho Sonny]

Yah, my electricity bill is already sky high, like £1500 plus a year and I am careful with usage, with a small household. An LHR card would still put miners off as you can still buy them.

I take it you have electric heating and or electric showers?

If I was to sell all my smart home stuff. And all my mining gear my electric bill is £20 a month.

This is for a 3 bed detached.

Thanks to smart home, security like cctv running all day, etc. I have a crap load of gadgets it's now around £50-£60 a month.

I have for instance an unraid server with 7-8 drives running 24/7. Several access points. Several switches and literally every gadget imaginable. Just got a robot hoover the other day too for instance. Your electric bill doesn't sound right unless you have electric heating and electric showers.