I am Nicholas Johnson, this is a giant PDU I havent hooked up yet, and today Im talking
about the current state of Bitcoin, Litecoin, Dogecoin and Ethereum mining at the Space
Warehouse.
Lets begin where it began..
Actually right here on my desk with a single RTX 3080 - the Founders Edition GPU.
I bought my first GPU after watching a video from Biahaza.
He fumbled through setting up a rig, thought he was mining bitcoin for some reason and
it looked like fun to put together and passive income is just such a dream - how could the
Amex say no?
How could the amex say anything, really when you think about it..
It couldn’t, and it didnt, and oh how quickly one 3080 turned into 3 and ultimately five
3080s.
I did not buy these at a good price - but that was fine, it wasn’t my money, did you
know that when these things are this color they dont have a spending limit!?
How utterly reckless..
Proof of Stake was still really far out, I think this was a year ago now (it might STILL
be really far out, who knows)…
But the numbers worked out that these things would make more money than they cost before
‘the merge’ and could STILL be valuable afterwards by converted each of them into
‘gaming computers’ Should I decide to get out of the game after Ethereum Proof of
Stake.
(but in reality Im not going to stop mining, Ill never stop mining..
#minerbros4lyfe)
The computer in my studio currently performs its work on the ethereum network with three
RTX3080s, any time Im not playing Red Dead Redemption II..
These cards are all from the first batch so not the low hash rate versions - two of which
I had to rip out of these Aorus Gaming box EGPU enclosures - I made a video about it
in may of 2021, those are actually water cooled so they run really quiet and dont have a case
of any kind and theyre a bit of a mess.
But Im a bit of a mess, really, aren’t we all…
No I guess probably everyone.
Hello Minimalists.
Also, quick sidebar, for some reason theres this forever debate on using SATA connectors
to power 16x to 4x risers - Im sorry but the long term data is in - you’ve done something
else wrong if youre burning cords, this little guy has been plugged in and overclocked this
way for 52 weeks, I dont know what else to say.
Next I have another 3080 on its own motherboard on a shelf in my new Virtual Reality room
at the warehouse - hashing away on its spare time which is.. almost all the time, who has
spare time?…
I rarely but sometimes go in there to wave my arms around and bump into the wall playing
Gorn and Beat Saber..
The people in my discord server say this one is seriously lacking in RGB so Im accepting
all RGB related recommendations..
green ram…
And finally for GPUs, performing overwatch at the hurricane room, I have one more of
those water-cooled Aorus 3080’s, dissected from its shell, hashing on cudo miner pulling
in little bits (little bits) of ethereum all day long.
This fella also sits on the same local network as all of my ASICs for those times when I
just want to gaze at their dashboards and see what theyre up to - or send in a request
for a restart after who knows why these things stop working once in a while.
Although - windows is kind of annoying and doesnt always restart after a power blip,
and ALSO doesnt always NOT restart when it decides it wants to do an update and randomly
install new drivers that cut hash rate in half for no reason.
So Ive got that going for me.
Im still feeling really good about GPU mining.
Im confident proof of stake for Ethereum is probably 2023 and not even right away - and
beyond that - Ive been looking at FLUX as an alternative..
In fact - Im going to go ahead and build an AMD rig to compliment my Nvidia cards to put
my money where my mouth is.
Gross.
Paper Money is gross.
Anyway - the Space Design Ethereum Mine seems to be producing a total of about $16-$19 a
day so call it $17.50 so theyre pulling in about $525 USD worth of eth per month.
That sentence is uncomfortable, like typing the word Brewery..
I dont really know how to calculate the electrical cost for these because I have a whole roof
full of solar that produces more power than the house uses, including these cards, so
electricity is SORT of free until we start factoring in the ASICs.
So on to the ASICS!
Or wait - no I have a helium miner.
I actually have three, my Bobcats have arrived..
My bobcat miners that I ordered in the middle of 2021!
Have been delivered this week.
Ive got access to my house, my warehouse and my wife’s dad lives in a high rise apartment
downtown Orlando, so Ill rig the bobcat like 100 feet off the ground in an urban environment
to see how much better that works in the next week or so!
The Jovial Chocolate Sparrow made 2.34 Helium in the past 30 days.. and at todays price
of $15 that thing has produced a whopping $35 bucks!
Or the equivalent of 13 10oz little buckets of Baked Beans at my favorite BBQ place in
Orlando FL.
Thats not nothing!
Were at $525 from the GPUs and $35 from the Helium thing - next up - Litecoin/Dogecoin
miners.
I have three L3+’s..
Actually one is an L3++ to be precise.
The last time I looked into the numbers those things are JUST barely making more than the
cost of the electricity that runs them..
Yeah - these guys are pulling in just under 8 bucks a day combined, and looking on ASICMINERVALUE,
thats about a dollar more than they cost..
But we’ll factor in electricity later on, so $7.88 a day, theyre averaging 7.83 per
day over the last week, we’ll use the smaller numbers so the L3’s add 234 dollars a month
to the Scrooge McDuck Coin pool.
These little scrypt miners live on the bottom shelf in
the Hurricane room at
the warehouse.
Finally, rounding out the Space Warehouse mining operation are my six S19j Pro Bitcoin
miners!
There are two living in the she-shed at the moment, one of which is the highly experimental
guinea pig for all of my immersion DIY builds..
What youre seeing here is the fourth iteration of a home built Immersion Cooling setup - and
its been running now for about 2 months without a break.
This is a 100Terahash machine but I have it overclocked to 114 terahash - this whole mess
runs out to two 24x24 inch, 3-loop radiators that sit back to back behind the shed.
You dont NEED that much radiator power - This is leftover from my attempt to heat the swimming
pool with bitcoin mining, which worked by the way!
But I had used the wrong heat exchanger, and havent gotten around to ordering the right
one, so i used that plumbing as a redundancy instead for now - plus overclocking uses a
ton of power and makes a ton of heat.
Eventually Ill get around to modifying that power supply (hey Marc) so that I can shove
7000 watts through this machine and see what it does.
Tyler over at TMGCore is adamant that it can run totally stable way up there in hash rate.
Also living in the she-shed is a totally stock, air-cooled S19J 100Terahash.
No overclock for this one, but Ive got these cool variable speed fans that suck out all
the hot air - another one blowing on these pumps so they dont get too hot.
Ill put a link in the description for those..
Theyre pretty quiet and really strong.
Actually, if anyone can 3d print a shroud that fits 6 inches on one side and an S19j
intake/exhaust on the other side, Id love to experiment with these as a replacement
to stock fans.
Two miles away, over to the hurricane room at the warehouse - please enjoy this transition,
I made it myself - love that drone..
The hurricane room with dirty hurricane room filters, and four more S19j Pros.
Ive got two 95’s and two 104’s in here - all of them dutifully hashing away, forever
and ever; never asking to go home early, or trying to get travel pay or wondering if I
can bring a cooler full of ice and water when I come in.
(I kid, I legit love the space crew, even when Henry leaves me stranded to unload a
whole semi full of truss and lights with just me and Tosh)
The system in here is pretty simple - 4200CFM fan in the back - some expertly engineered
insulating foam deflector shields coaxing the hot air from the miners into said fan,
and then 16 square feet of filtered air returning in from the front.
Its real loud, though..
Im waiting on a boxes from Upstream and Cryptology Consulting (did you know you have competition,
Adam?) to see just how quiet an S19j can be in the wild - so that should be pretty interesting
once those arrive.
Im actually going to take a road trip to texas in about a week to move these four to be remote
hosted by those boys over at Musk Miners.
The power here in Orlando Florida is just too expensive and its eating away at the fruits
of my money tree.
But all 6 of my S19j Pros together are pulling in, pretty reliably 0.0027 BTC a day - and
today thats worth $108.93.
Im hoarding Bitcoin, so Im not looking TOO closely at the todays dollar price of it - but
for the sake of profitability in May of 2022 - 6 S19j Pros with a total hash rate of just
over 600 Terahash will net you $3,267 a month before your electrical cost.
By moving my machines to Musk Miner’s remote hosting facility - I will take advantage of
their $0.085 per kilowatt electricity offer and these six miners will produce $2184 USDollars
profit Monthly, after paying for power.
Musk Miners is also where I buy bitcoin mining ASIC hardware, link in the description.
Lets visit a pretend world, for just a moment, where Bitcoin hit 100,000 in 2021 and this
same exact mining setup is now earning $8121 a month!
Since back here in real life I dont plan to sell any more BTC until it DOES reach that
point, well..
Im BASICALLY earning that now.
No Im not.
But like, you know, I am..
Just..
Im not.
but I am
SO!
If I ignore that electricity costs money - my whole mining operation is generating 4,134
dollars every month, while I sleep, or eat, or travel, or throw balls at the dog.
Back in the real world where I DO pay for power - that number is $2988.
Evidently thats about the average Salary of an umpire, referee or other sports official
- theres a little interesting…
tidbit of information for you.
If youre looking for ASIC mining equipment - or you just want to ask questions about
heat and noise and money and imagine Kelstrs wife bringing you cookies and sandwiches while
you work in the yard or if you want to speculate with other people who do too, come on over
to my discord server - Ill link that below.
OR if you want to take a step through a wormhole into the riskier, darker side of defi, white
list, presale and speculation crypto groups - join me over at the Sleep Money Club where
YourFriendAndy and the Decade investor have assembled a team of those expert pigs or dogs,
its unclear, that find the underground truffles over in europe or wherever - to get in real
early on frightening crypto projects that should really only represent a small percentage
of your portfolio but can in some cases produce stupid, unrealistic returns.
End of Presentation.