Is adding graphics cards to your bitcoin farm worth it?
I was inspired by this guy's post, which analyzes if you should build a bitcoin farm at all, to do some math of my own. His post is a few months old and prices are a lot different, but I was also asking a different question than him. I already have my bitcoin farm... So the question I was asking myself is "does it make sense to add more graphics cards to my farm?" and "Is there a 'best number' of cards?". According to the wiki page, the formula for bitcoin generation is:
0.05 + (GC - 1) / 49 * 0.15
This isn't a linear equation, but it does give a linear answer to my question. After a bunch of mathing in Google Sheets, I've come to the conclusion that each graphics card actually provides the same amount of INCREASED profit, no matter how many you have in your farm (after the first of course). https://docs.google.com/spreadsheets/d/1l3RINCWfAVxpq0NOqmZQYFdJVCXuet53c0MFbapvc1k/edit?usp=sharing https://imgur.com/1uAbIup Based on a BTC cost of 154,000R, each graphics card you add will provide an additional 471R of profit, per hour (11.3k per day). At a cost of 300,000R per graphics card, that's a little over 26 days for it to pay for itself. This is assuming you are running your farm full time, of course. Because the profits are the same, per card, it doesn't matter how many you add, or when you add them, after 26 days each new card added will have paid for itself. Note: While there is color coding for farm levels, that doesn't matter either unless you are considering upgrading specifically to add more cards. Then I guess you should consider the cost of the upgrade, the fact that it takes 26 days to make a profit adding a new card, and then decide if it's worth it. You could use the magic number of 471h (11.3k/day) per card to determine if the upgrade is worth it or not. If you upgrade to add 15 more cards, you'd be making an extra ~169,000R per day... so depending on the cost of the upgrade, it would probably get paid of pretty quickly.
We’re looking to make someone a millionaire. Could it be you? Quarantine may have placed some things at a halt, but we’re still operating as usual, so comment to enter! [Drawing Thread #54]
Depending on who you are, finals are either happening now or you’re done with them. With that being said, we’re still ending our year strong!
Introduction: Welcome to anyone and everyone coming from /popular. Quarantine has been making this subreddit more popular by the day, so thank you to everyone for supporting this. For those who aren't familiar:
Every month, we ask for comments for entry, and we pick one who represents our winner.
This process is completely random and verifiable, using the Bitcoin blockchain as a sophisticated die.
Following this, people then donate to the winner using a variety of mediums, and the winner would go on to be a "millionaire" (arguably, our definition of that term is pretty loose).
Also, I want to clarify on the situation with comments: you need to make only one top-level comment. You can reply as many times as you like. However! If you haven’t made a comment DIRECTLY to this post, you will not be counted. I’ve attached a helpful graphic visually clarifying the difference between a top-level comment and a reply right here: https://imgur.com/Si1VLX4 So once again, thank you for your support. The post lasts for 24 hours before getting locked, so make sure you place your comment before 7 PM ET. In addition, I will make a [Part 2] if we reach the limit, and changing some past precedent, I will extend comment collection by a full day. Let's make a millionaire! In Case You Missed It:
Our last winner, Ultima98, is currently accepting donations! Things have gone a bit rough for him, but that hasn’t stopped him from persevering, as he describes in his post. Donations will go to himself, to his local dog shelter, and among other recipients. If you would like to donate, click on the link here!
REQUIRED: Leave only one (1) top level comment in reply to this thread! (Replying to other comments will not qualify. You must be thirty days old or older to comment.)
A random user who commented will be chosen, and everyone donates a dollar to make a millionaire.
April 15 at 7:00 PM ET (epoch timestamp: 1586991600) is the cutoff for accounts. If you have created your account after this point, you are not eligible to enter and your submission will be disqualified automatically.
May 17 at 12:00 PM ET (epoch timestamp: 1589731200) will begin the process of selecting the winner. At this time, the [Draw] post will be online and start the process of waiting for the blockchain, in order to select the winner randomly and verifiably.
Changing how duplicates are handled: Starting this month, I’ll be changing how duplicates are handled. The TL;DR version is this: make absolute certain that you only left one top-level comment! Prior to this, I have set the comments to “FirstOnly”, meaning that if you have accidentally made more than one comment, you will be forgiven, and your first comment will count. This will not be the case anymore. Make sure that you checked your account and haven’t left any more comments than you should. From now on, if you have left more than one top-level comment on this post, your entry will be automatically removed! Other than that, if you do accidentally leave one and forget to remove it, make sure you enter next month!
May 17 at 12 PM ET (16 UTC), we will be picking our winner, and you won’t want to miss it. The post will be labeled [Draw], and one comment will be selected out of the many made here to make a winner! Remember, this is about generosity, making an impact, and uniting to make someone's life better. It takes three minutes to donate a bit to the winner, whether you're well off and want to donate a couple bucks, or going through tough times and can only donate a few coins. Every cent makes cents, and counts! If a lone $1 can get you an affordable utensil, then imagine the possibilities with $1,000,000. You can get a backpack, a farewell worth remembering, and pay for those pesky classes! A million dollars can make someone’s stay away from school. Spread the word: have your friends and family comment, post the link to your friendly-neighborhood social media network, and share it to anyone interested.
Let’s educate a millionaire!
All rise for this class. Take a stand, pencil in hand. How we’ve come so far.
So, last wipe, I thoroughly enjoyed the game. I struggled until I got to about level 35ish, but eventually I got my bitcoin farm going (not full 50 GPU) and my booze generator going, and I was making some decent rubles. I could buy decent gear, the scopes I wanted, the ammo I liked (which was rarely m995,7n37, or m61, btw). And then I could go in raid, do my quests, find items, kill players, take their stuff and leave. Or, I could die and lose all my gear, and it would sting, but not break me. But when I did raids, I almost ALWAYS stayed until <10 minutes remaining, sometimes even getting out with spare seconds left. Yes, by about level 45, I eventually started making more money than I could spend, but ONLY after 50 GPU's in the BC farm and booze generator combined. Now this wipe, instead of enjoying the raids, I'm getting frustrated trying to find progression halting items. Then, when I do find them, I'm STRONGLY encouraged to turtle up, hide until the coast is clear behind counters or in bushes, then extract at 10:01. I'm also having to buy expensive weapons like SVD's to finish quests, which I had to do last wipe too, but my rouble flow was much much higher. I can kill a 3 man squad, and make 200k, because their armor was zero'd out and too high cost to repair and their guns with all their fancy attachments are worth 75k. Or, I can die and lose about that much. There is no real risk/reward any more. Then, when I'm having a particularly bad day dying, I can't even lean back on looting stuff like factory keys and fuel conditioners now, AND WHAT LITTLE BIT OF FIR I SELL HAS ATROCIOUS FEES. I sold 3 packs of bolts for 14k ea and the fee was 12k. It's like BSG isn't even trying to micro adjust the game to dial back the ruble flow. Instead it's full on scorched earth. Only the people with the absolute best combat skills or the most time to rat around have the ability to make any decent money. On top of that, I'm level 33 and JUST got my last FIR flash drive. I have crashed against the rocks to the tune of MILLIONS trying to get a LEDX and 3 FIR graphics cards from Interchange, thanks to RNG. I can't even start Shooter Born In Heaven, and I would be 3/4 done with it by now if I had it 10 levels ago. I'm sure* 3/4 of the subreddit will come by to tell me to quit crying, git gud, it's hardcore, roubles are easy to make, its a BETA, etc.. Well here's my Beta feedback. The game isn't fun when I lose every ruble I scrape up trying to do quests with specific gun/armor requirements and finding FIR items in hotspots, and hiding to avoid losing those items, all while BSG -heavily- deflates the economy and punishes rule obeying players in the name of stamping out RMT. *Left out a word. Edit: let me just say, I don’t mean this as a personal attack towards Nikita or the other devs. It’s simply just my experience, and my thoughts. I don’t have answers on how to make the perfect balances and compromises, or fixes on RMT etc. I just wish it had been publicized ahead of time, something like “Okay guys, next wipe we’re gonna experiment with making it real hard.” Also I’ve gotten a lot of responses saying “you’re not supposed to run the best gear every raid.” And my reply is, my standard kit is a Vepr KM, 6B23 armor, a Ratnik helmet, and comtacs, with self made BP ammo from the hideout. I’ve just recently started adding TV10 armor rigs into the mix. I’m not a META player who has to have iglonik or M995 every raid. I’m not trying to say I want to do that either. For one CONSTRUCTIVE bit, I feel like items should have two different FIR tags. One for flea/resell, one for quests, and the quest one staying if you died with it. That would make life better to me and to a very large population of power players. Also, between FIR changes, reduced loot spawns, increased flea fees, reduced trader sell prices, any 1-2 of those are survivable but all of them together, with more to come I'm sure, are crushing. That's all I'm saying. EDIT Again : I just saw what Jaegers giving for guns. THAT is nice. That makes up a little bit for the stuff like fuel conditioners.
BSG has been taking steps (as they promised they would) to make the economy harsher, make things more scarce, prolong the early game, and overall just make Tarkov a more hardcore experience where every death has an impact. I keep seeing people complain that they can't make money anymore, with people even leaving the game because of how "hard" things are. I figured the only constructive thing to do is to help people understand how to make money in this game, no matter their playstyle and skillset. Here are some options for making good money in EFT! Completely Braindead Methods
Scav runs - You risk nothing, you're literally handed a free loadout and an easy access to more via killing ai scavs and extracting, every 20 MINUTES! You'll never run out of them!
Passive income - Hideout upgrades like the bitcoin farm and scav case will net you profit without having to do anything. Takes some time to get there though.
Exit Camping - Sorry...
Low Risk / New Player Methods
Hidden Stashes. Woods, Shoreline, Customs, and Interchange all have hidden stashes throughout the map that offer good random loot. Can easily make 400k+ on a stash run, without having to actually fight anyone for it. You'll usually stuff something in your container before you die that pays for your run. You don't need anything for this, no keys, no armor, no loadout at all if you like. Doesn't matter where you spawn much either.
Jackets / Safes / File Cabinets / Weapon Crates - A steady source of relatively uncontested loot spread generously throughout many of the maps in EFT. Takes a little while and isn't very exciting, but doesn't require skill.
Sherpa - Just contact a sherpa and learn about the game and let them protect you and walk you through the process. If a decent sherpa can't help you, then you shouldn't play this game at all and should stick to something more casual.
Mid Tier / Average Player Methods
Buy some decent keys, go to reserve, or interchange, or shoreline, or customs, and farm loose loot. You're more likely to run into other players, so bring a gun that is capable of penning level 5 armor if you can, like a vepr hunter or a mosin. Insure it, and you'll get it back 9/10 times, insanely profitable.
PVP - An average player should be able to make enough money through pvp to be sustainable. Use a budget loadout of 70k or less, and go hunting. You can make decent money by selling to traders but you'll be better off being able to adapt to different loadouts and use the gear you collect from your kills, saves you tons of money!
Experienced / Good Player Methods
Tech spawns, very likely to encounter players, very likely to make up the cost of a good loadout by the time you die though.
Bosses - Hunt down any of the scav bosses for insane profit, get labs keys, other extremely rare keys, money, insane gear, great ammo, red rebel ice pick, ect. Once you kill them you'll leave plenty behind for the scavs too so there's that.
Labs - Enough said.
PVP - Same as mid tier, but you'll do better hopefully, and you'll risk more by bringing in some real gear. Factory night is a fantastic money maker if you're GOOD. Bring some night vision and you'll run into super-chads and can earn 500k+ in 5 minutes, 7 if you include matching time. Insane profit, insane fun, insane intensity, insane stress.
If none of these methods work for you, then you might consider learning some new skills or moving on to a more casual game, as you have literally ANY OTHER GAME to play if this is too difficult for you. I hope this helps but my guess is that people are going to ignore this, downvote it, and yell at BSG for making their Tarkov deaths hurt.
My suggestion to slow down RMT would be to implement a spending limit on the flea market. For example, each player can BUY up to 10 million rubles worth of items from the flea per day, to increase this number there should be specific quests and/or by increasing your flea market reputation. Cheaters spend a minimum of $35 on a standard edition account and roughly $100-150 a month on cheats. Most accounts that they buy last 48-60 hours. The lowest price for rubles I could find on RMT sites are $1.6 per million. If cheaters are limited to 10 million rubles per day, they would be able to spend 20-25 million per account which would give them $40 per account. This would no longer be profitable for them, unless they increase their prices, Which would lower the demand, and ultimately lower the amount of cheaters (in theory). Disclaimer, Cheaters may be able to get cheaper accounts, cheaper cheats and may be able to cheat for longer than 60 hours. This is a rough estimation based on people I've spoken to and while browsing various cheating related forums and discord servers, take this with a grain of salt. Potential issues 1) Cheaters would barter, for example Graphics cards and because one graphics card has an estimated price on the flea market of 46,000 rubles, they would be able to trade up to 220 graphics cards a day. Solution, fix the estimated price of barters on the flea market by making the estimated price the average price of all items sold in the last 24 hours. 2) Some legitimate players do spend more than 10 million rubles a day Solution, be able to increase the 10 million limit by doing quests, increasing flea market trading rep, as well as phone verification. Re-uploaded because I forgot to add a flair EDIT: Many people pointed out the fact the some items are worth over 10 million and would be impossible to buy. My solution: make an exemption for items with a 24 hour average sell price of over 10 million, such as red key card, thicc items case, red rebel, t-7, etc. People also pointed out that cheaters move money in raid. My solution: Limit the amount of Bitcoin and gp coins you can bring into raid to 0. Limit the amount of LEDXs you can bring into raid to 0. Allow only one of each key to be able to bring into raid, however if you were to find more than one in raid, you can extract with it.
So, I just got myself the intelligence level 2. My money is low at the moment, so I will have to work towards the next upgrade. I know the Bitcoin farm and Scav case are both forms of passive income, but which tends to be the "best" to get first?
if i wait for a bit for the current bitcoin mining trend to end and buy one of those used graphics cards, would it be worth it?
i was waiting for a bit to buy my graphics card  witing for the price to drop, but to my, honestly, horror the price has doubled. looked it up saw it was bit coin and had the thought. how good would one of those things be used? and how cheap?
Howdy all, pretty new to the crypto scene. I was thinking of building a gaming PC partially for gaming and partially for mining when I'm not on. It is even worth it to mine anymore like that or do you have to have an expensive rig 24/7? I don't know if this matters also, but I don't ever have to pay for electric, as a blanket $50 fee covers all utilities no matter how much I actually use.
Since a few weeks after the wipe, Bitcoins have had a price of about 150k, the price they had had before the wipe for several months. Meanwhile, graphics cards have doubled in price. Just out of curiosity, how come the price is still the same? Shouldn't the supply be lower and therefore the price be higher? I understand that they are still found in safes and whatnot but before the wipe everyone had mining rigs running and you didn't need to survive the raid to sell them on the flea. Did people just rush the Bitcoin farm or what?
Hi, I’m a new player and this is my first wipe. I was considering investing into a bitcoin farm to have some passive income and for that I googled how long is a regular length of time between wipes and it’s ~3 months? That made me question whether it’s even worth investing into hideout considering how much everything costs. I would have to pay millions just to get to the farm and not to mention the graphics cards. I could get that just a little before the end of this wipe cycle and what then, i’d probably not even have enough time to break even on graphics cards + all requirements to build the bitcoin farm. Am I wrong in that estimation?
Bitcoin farm has just been nerfed into the ground (without any warning)...
With the changes to item selling prizes to Therapist, that has just been issued WITHOUT ANY NOTIFICATION whether on the BSG Twitter nor in any other way, a bitcoin is only worth 97k now. As a consequence the prices for a Physical bitcoin has plummeted to already 118k on the Flea market (was 150-155k before). I would understand nerfing the Bitcoin farm in the first place because for players having found a reasonable amount of Graphics Card or just having enough money to buy 50 of them and running the Bitcoin farm on full steam, is just plain free money every 5 hours. But doing so without any further notice or even warning players who have stacked a bunch of Bitcoins in their stash, wanting to sell them some time or even sparing for a THICC or normal weapon case have been punched in the face without any remorse. This is not how transparency looks like. I know your job is tough but guys... you can't do this many mistakes in such a certain amount of time. It slowly seems like you are trolling us - the players. It seems like you want to see us raging on Reddit or Twitter. Please stop that, because we love this game and you don't really help to keep it this way. I know many of you see that differently maybe some of you see it similar. But this is how I see it.
I have a spare graphics card, would it be worth it to mine bitcoin?
Hello, I made a mistake when trying to upgrade my video system, and I have a graphics card installed in my system, basically only getting used when I want to connect my TV to my PC. Could I actually make enough BTC for it to be worth the potential costs of mining with the card? Obviously, I know almost nothing about mining, so there might be even more to it then just a graphics card I'm not realizing. It's a GTX660Ti
This is my story of how I derped around during the last BTC bubble, made some dough, and saw my friend pile up a mountain of debt on himself, only to become a millionaire. I hope if you read it there is a moral somewhere, but I'm not so sure there is. (prices are approximate to dates, going back in my memory a bit) OCT 2011: (BTC $4) (preface) As an undergrad computer science major I mined a few coins in a cyber security class . It took about 2 months and I think it was around .89 BTC or something like that (Edit: OK so I probably didn't mine this much, but I had access to the computers in the graphics lab and during this time, and they were mining 24/7. We let them run for a while after the class before taking our share out). I think it was worth about $8 at the time. I thought this was really cool, but also remember at that time you couldn't do anything with it, especially where I lived. I just kind of forgot about it, got a new laptop sometime later, and eventually chucked that one with the coins on the hard drive... (it was just $8 and I had no way of spending it remember) oh well so much for those. Who knows how many coins were lost by these standards back in those days. I take in all the maths, graduate with marks, drink all the beer, laugh with friends, fun times. May 2015: (BTC $234) Fast forward.. I end up in Los Angeles, CA through another long set of tales. I live with aspiring actors and film makers grinding it out as waiters and bartenders. They are good mates and take me to parties on occasion where we meet all kinds of characters. I end up chatting with a guy (lets call him Bill) who's nuts about BTC. I explain to him that I know all about it, and he is ecstatic to find someone who understands what he is talking about. I haven't been paying much attention the past years, and he shows me how far its come in tech and price. I smack my forehead, knowing I tossed away 8/10ths of a coin (could have been beer money man). We become friends and talk about Bitcoin pretty regularly. I don't buy initially, but Bill is giving it all he's got, buying left and right with anything extra dollar he can scrape up. He believes in it. I get so worried that Bill is going to loose what he put in that I just buy a bit (.1BTC) so I will be invested enough to watch it, to know if Bill is up or down. You can guess what happens at this point. Up we go. Bill makes money, I make money. June 2016:(BTC $661) All is well. I am happy that Bill didn't lose his money and hoping he will take and re-invest his earnings in a more diversified portfolio. I'm worried about the ~$100 I made in earnings, like do I file this? (lol younger me) I meet with Bill for the first time in a while. I'm excited to share our gains. We both show our gains and cheers. He immediately tells me that he is looking at ways of taking out credit to buy more BTC.... WTF? I say. He quickly proceeds to tell me the banks turned him down, but he found out he can just buy BTC with credit cards... so he is filing 7 applications right now to see how many he can open to buy BTC... I think for a second. I do the rational thing. I try to talk him down, but no way. He's doing it. I don't know much about investment at this point, just math and percentages, but thats enough to make me beg him to not do it.... he doesn't listen. By my estimates Bill purchased a total of $30K worth of BTC with combined cash and credit on hand at (my best guess) an average price of $589 per BTC. I invest what I have to spare from savings to just keep up with the train wreck I am worried about happening to Bill. I think I have .2 BTC at this point just to keep up with his insane position August 2016: (BTC $576) The first dip comes, and Bill is facing credit card bills with interest rates that will kick in soon (he will not be able to make the minimum payments). We discuss is troubles at this point frequently. I suggest he should liquidate and close the cards. He disagrees, and liquidates only a position large enough to pay the minimums and give him a bit of cash. Not only that but he use the cash to secure short term loans at higher interest in order to re-invest to make up the losses. I once again beg him to re-consider, but no... this is his path. I once again invest more to keep up with it, so I can keep up with Bill and his well being. I purchase a good bit more and have .5 BTC November 2016: (BTC$758) I move to another city and mostly forget about my interactions with Bill. He messages me a few times about the price going back up and being bullish about it once again. I do the same song and dance of trying to warn him to close his cards and positions to get out while he can. Nope he's holding strong. Nothing to be done. I assume I can't do anything to help this situation. Once the price busts above $900/BTC even I can't say anything. I've made money, he's made bank. I feel happy for him, but once again concerned. I know he is running on margin and don't want him to get sucked in, but I also don't want to weigh in on such a big investment at this point. He texts me about the gains, I mostly just give the thumbs up back, knowing I can't back down at this point, but I don't want to be around him if it fails. Jun 2017: (BTC $3000) I have mostly lost touch with Bill because I live in another city. I never sold my BTC though, and I never forgot about him. Around Feb. 2017 I visited LA and saw Bill. I thanked him for making me the money that I held now in BTC. I asked him what he was doing with his stake. As always he was ready for the apocalypse to happen and for his BTC to be the only currency left somehow. He was holding stone cold. I wasn't persuading at this point, hell, I was holding myself. Dec 2017: (BTC $16000) While I thought I would never be swept up in the chaos that is BTC... I was. The amount of BTC I hadn't sold (.3BTC) was making even me feel like a genius. I had made so much money off just forgetting about something over months at a time. I often thought about Bill, but I didn't envy, in fact I really hoped he had paid off his credit card debts and was sitting on his fat profit. I watched BTC Youtube channels and debated if we would go to $100K or if this was it. I couldn't take the pressure and sold half my position @ around $16K/BTC 2018-2019 (BTC $20K -> $3.5K) (Epiloge) In early 2018 price went up to $20k before quickly falling back to 10K. Thankfully I sold the rest of my position on the way down at about the same point as on the way up ($16k). I bought a few back in 2019 but have never really put as much capital back in as I made. As for Bill, well I told you at the beginning. Bill is a millionaire. My best estimates based on my text with him is he cashed out @ around an average of $17k/BTC. Even after taxes, he ended up real nice. I don't know if he was in the run up in 2019 but I must assume he was. Looking at the market today, I'm not sure this story will repeat itself... maybe it will.
Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto A single Graphics Card will produce one Bitcoin every 20 hours, but this time can be reduced with additional GPUs. A level 1 Bitcoin Farm can hold 10 Graphics Cards, and if fully stocked will produce a Bitcoin around once every 12 hours and 50 minutes. A level 2 Farm can hold 25 GPUs total, and a Level 3 can hold a total of 50. Editor’s Note: When this article was written, Bitcoin was worth around $9000 USD, and we used an NVIDIA GTX 980 Ti video card for mining. Your results will vary greatly based on your hardware and the price of cryptocurrency at that very moment. Thank God, the cryptocurrency bubble finally seems to be bursting. It had gotten so ridiculous that GPUs were skyrocketing in cost. But now, you’re about to see a bunch of powerful secondhand graphics cards flood the market, as Bitcoin “miners” try to recoup some of that cost. 14 Aug 2017 Bitcoin price climbs over $4,000. Since the beginning of the year the bitcoin price quadrupled. For the first time it reached a value over $4,000. read more. 12 Jun 2017 Bitcoin reaches new all-time high: $3,000. After reaching the all-time high of $ 2,000 at end of May 2017, Bitcoin now passed the next milestone. read more
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