5 Things You Should Know Before GPU Mining

[Music] what's going on miners and welcome back to the hobbyist miner channel well today you're in for a treat i have a special guest here we have sebs fintech coming over welcome man thanks for joining me hey thanks for having me i love our little chats that we have every now and again absolutely so today guys we are going to be going over five things we wish we knew before we got into gpu mining so are you ready seb i am and just before we get started i have something for you here so you know how like all the big content creators like you um on youtube like pewdiepie and all that like they have their they're like nicknames for their fan bases you know like pewdiepie calls his the nine-year-old army because the joke is you know only nine year olds watch pewdiepie well i figured for you you should call your fan base the nomies you know like like homies about their gnomes what's going on gnomey's welcome back to the hobbies awesome i like it i might have to i might have to use that we'll see oh please do all righty guys so let's jump into it so once again five things we wish we knew before we got into gpu mining so the very first one is one that is extremely overlooked and that's electricity and power demand so um what information do you have said just from your experience of this well i i feel like i get away a little bit easier living in a country with a 240 volt like power grid yep but like even so just knowing because if you're starting out you're probably a residential miner and just knowing things like i i i've never let anyone know about this but like i i put my first rig on like the same um uh what do you call it like like line circuit that yeah yeah circuit exactly that um the washer and dryer are on whenever they would go on like my mining rig would die yep yep oh yeah i uh little things like that like you have to take into account yeah i mean for me i started out my basement on finished basement my basement was unfinished so there was very little plug so i had a plug over by my sub pump and i had a plug at my furnace and so i had to split my mining setup between two different circuits both you know one was 15 and or both actually were 15 amp but those were 120 volt well you can't handle that much power and so i was popping breakers left and right um it got really bad and i wasn't keeping in mind the 80 20 rule which is something from a safety perspective that you definitely want to do so if you if you get into it early on even one rig might overdo it but definitely start to look at what options you have to add a dedicated circuit for your mining yeah 100 and just knowing and learning about how much does your rig actually pull when it's running and like investing in just one of those little watt meters for the wall yeah like it's it's the best five dollars you'll ever spend or however much they are 100 so jumping into number two for today is airflow and heat oh my gosh you we always as new miners underestimate how much heat these things are going to put out tell us what your thoughts are i mean when i got started it was still winter here and it was just great you know a warm basement but then like june came around and all of a sudden like my wife is complaining about how warm the house is unbearable and so i mean just just keeping that in mind uh especially if you can have that in mind even before you start so that you can plan a good way of because here's the thing you don't want to be combating the heat that your rigs are putting out with like air conditioning what you want is you just want air flow you just want to be exhausting all that heat out and like replace it with room temperature air right yep yeah no that's excellent a lot of people uh quickly go to let's i'm just gonna use my air conditioner in my home to cool my rigs the downside is is your air conditioner is not meant to counter that and if you're just using your internal air conditioner and then some type of exhaust you're literally cooling your house and then throwing it outside like as it goes through your rig so i think that's a great point is that can be tied onto this is if you can put together a dedicated space outside of your home and it sounds crazy but like seb and i both chat about you know where our channels go in the future of our mining and sheds are in that future because once you start to get into it and this will tie into our last one we'll talk about of adding more and more rigs you will outgrow your space not just for power but also for cooling and it becomes a lot easier when you have a dedicated location for it oh yeah 100 so let's jump into this next one you brought this one to the table and that is part supply and availability absolutely so this this is um something that i've run into many times and it seems that i just never learned my lesson on this but like as you're getting started please just build up a stock on like the little parts you need for a rig like ricers and maybe like pci um pizza express power splitters cables and just all of those little things because you never know when you all of a sudden might get your hands on like a couple of new gpus and then you get home and you realize oh i have these gpus i can't plug them in i've gotta wait you know a few days like shipping until i can get a new riser here or whatever and and that hurts so bad when you're so excited to plug a new gpu in but you're just missing this super cheap little thing yeah and do it oh yeah i have um a power supply an atx power supply evga and i'm waiting on an msata to come in right now to get six cards up and running and it's like oh no but no i totally agree with you uh when i first started to get into this and i i decided hey i'm going to pursue this further i went and purchased a number of hp 1200 watt server power supplies at that time they were going for forty dollars a pop so that was like awesome so when you find these deals too eat them up versus now they're going for like 125 dollars a pop so it's like holy cow like there's a huge difference there so when you find a sale on something that is one of these necessity components get a a few of them and if you and and it it'll go a long way just like seb said i i spent um earlier this week sometime organizing all of my parts and my supplies to figure out like okay what do i need how many do i have of each and am i ready for my next build just so that i'm not in the situation i'm in today waiting for two parts to come in exactly like basically if you can always be one whole rig ahead in terms of everything except gpus then you're in a good spot you know if you have a cpu to spare a motherboard to spare power supply to spare and all those components then you know don't you you won't run into these same issues that we've had basically 100 so moving on to number four um this one even applies to us all the time is nothing is as easy as it looks on youtube and uh a video i dropped today you know i recorded the first part i did the build and then you know usually after you do the build you then kind of circle back around and talk about it there's a three hour difference between there of me troubleshooting this situation and it's just a great example of like a lot of youtubers like ourselves or anyone else may make it look easy but there's a lot of time spent troubleshooting researching and getting into it and i just find that like i constantly have to remind myself that like it is not as easy as what red panda mining shows or son of a tech or seb here like there is a lot of time between these things uh and it can get very frustrating would you agree with your experience oh yeah absolutely and the thing is like when i when i build a rig in a video like i i try to be as honest and say like the the issues i encounter while building it but you know i also cannot predict every possible issue that anyone else might run into so a good example of this is just um such a simple thing as like plugging in more than i think eight gpus into a single motherboard like no matter how you do it if it's with a 13 gpu motherboard or if it's by using splitters like there are so many little things that can that might need changing in terms of like bios settings or operating system settings and they will be unique to your situation so you have to go into it with sort of like a problem solving mindset yes and like trying to learn and trying to see what's going on rather than just watch a video and then just try to copy it exactly because it probably won't work yeah you're right you don't have the exact same parts and all that stuff and and i think some of the troubleshooting part of it and solving that is really the fun part of gpu mining um look even if you have the exact same parts it might be that like i have a newer bios on my motherboard than you do so it just won't work for you for some reason until you yourself figure out that you needed to flash a new bios on your motherboard yeah yeah no i've had you know i was just talking about my rev tech build that i did today the viewers will be viewing this tomorrow but i remember when i got into my b250 mining motherboard and that has 19 gpu slots on it and you get it and you're like alright great i'm gonna put 19 gpus on this and then you get into it and you go why am i having issues when i hit 14 to 15 gpus and lo and behold you read the manual you read some of the fine print the last six slots have to be p100 series cards and it's like wait oh my gosh it's like really so it's it's one of those challenges where um you know those are the little things you run into and those happen all the time and uh but youtube's your friend you probably aren't the first person to run into it so between youtube between reddit and between like for me hiveos's forum i seem to find a pretty good amount of information there of other fellow gpu miners who has who have run into those same problems absolutely and also keep in mind like the mining community is one of the most helpful out there like just go on like hobbyist miners discord or misfit mining discord and ask for help and most likely people will be there to help you figure it out yeah i constantly promote you know a lot of people dm me i leave my dms open um at least at the size of a content creator i am now i can still do that and i remind when i'm just not available i remind people hey there's a lot of really smart people in my discord or the misfits mining discord um that are even smarter than me you know feel free to ask your questions in those channels i mean i constantly remind people i started in february like i'm still the new guy yeah i mean same for me same for me so moving on from there our last one number five uh for today is mining is addicting and i wouldn't say you know we're putting this in the same category as alcohol and substance abuse and stuff like that but i would say that it has some traits that uh bring you back to wanting more and be adding and growing um so i'll throw this over to you seb talk about your experience and just kind of what you see and feel what we see with mining is especially like the numbers go up and there's one of those like high score mentalities a little bit like you see oh um both in terms of like how much coin am i'm yielding you know and you see that oh i'm up to one ethereum now now it's 1.1 and so on but also in terms of just like your number like your hash rate number you know and and it becomes addicting to try to improve those numbers and keep improving them and you have to know that going into it and like sort of check yourself because you this in in the end should be at least to start out a hobby and a you know you have to view it as an investment and as with any investment you should never put money into it that you cannot afford to lose it's one of those golden rules right so like please don't go into like credit card debt to afford a bunch of new gpus or take out a mortgage on your home oh my goodness you know like 30 90s or whatever like just view this as a hobby that makes you that happens to make you a little bit of money on the side and do it because it's fun but don't like don't let it affect your sort of like daily life in terms of like financially and socially like it can also bring you away from your friends and family because you keep wanting to mess with your rigs or oh yeah you know hunt for gpus or whatever it might be yeah no i think that's very well said i think it's it's very easy there are a few things you hit on there one was the fact of like wanting to improve your hash rate so like you know there's that number and you've seen someone else do higher so you want to try to reproduce that and i constantly have to remind people like hey every card's different even down to the model even down in the individual card so what i'm making on ravencoin on this card seb might not be able to ever accomplish just because the way it works out so don't become obsessed with that number i think in addition to that starting out as a hobby is a very good idea i hate to see you know people that jump into this and go i just took out a loan for 25 000 and i'm gonna go do this and it's like you may never get that money back that's 25 000. you may never earn that and and so it's very much a start as a hobby start with one i tell people start with your gaming rigs gpu if you have one like that's a perfect example you can use it during the day or whatever when you need it and then you can mine with it or not and then grow that into your first six you know gpu rig but you'll find very quickly that like you want to start to grow you know you want us and i think that that's very common i mean but i think taking it day by day i mean even between you and i like we want to go ahead and we want to spend money to go ahead and get more rigs and grow more content and stuff but it's like wait till wait till payday comes in and you can cash fund that purchase versus just like going into debt to purchase that gpu i don't i don't think is a wise decision and it may not pay off and and red panda constantly says it all the time it's like this could crash tomorrow we could lose everything and are you still comfortable and it doesn't affect you and it's a bummer that that's a constant mindset that i think we as minors need to remind fellow miners especially getting into the scene of treat it as a hobby and and and don't you know put all your 401k into and stuff like that like don't make those commitments because no one can really say what the market's going to look like in next month or six months or a year from now exactly and you wouldn't take out a second mortgage to pay for golf clubs right so just in that vein don't take out a mortgage to buy gpus because they're both just hobbies perfectly said perfectly said so so guys today we went over five things that we wish we knew before we got into mining power demand airflow and heat parts supply and availability nothing is as easy as what it says on youtube and finally the addiction that comes with mining i want to thank seb for joining us today for this video please check out the link down below to his channel his channel is phenomenal guys the amount of hard work he puts into his channel and makes us look bad trust me it's really really good so please go check it out the links down below sebs fintech channel other than that guys thank you guys very much for joining me today if you guys enjoyed this video please go ahead and give it a thumbs up and finally don't forget to subscribe take care [Music] [Music]

Channel: The Hobbyist Miner

Views: 25,993

Keywords: 5 Things You Should Know Before GPU Mining, GPU Mining, Tips for New GPU Miners, How to get started GPU Mining, Tips for New Crypto Miners, How to get started Crypto Mining, How to Mine Ethereum, How to Mine Dogecoin, How to Power your GPU Mining Rig, How to Cool your Mining Rig, How to build a Mining Rig, New to GPU Mining, New to Crypto Mining, GPU Mining Airflow, Seb Fintech, Seb Hezlo, Ethereum Mining, Ravencoin Mining, alt coins, altcoins, how to mine cryptocurrency

Id: 9y6vMVRx5zI

Length: 17min 27sec (1047 seconds)

Published: Fri Sep 03 2021