Oh, by the by....NVIDIA is reportedly discontinuing 3080/3090 'blower' style cards. These are cards with single beefy fans. They're probably going to the miner cards. So goodbye small form factor 3080/3090, if you've got good airflow. Mine is a three fan beast.
How long would it take you to just pay off your card mining?
Remembering I have a 3090, let me check my nicehash dash....
So, my income fluctuates with the price of Bitcoin. I use nicehash, which means people are paying me in Bitcoin to mine for them, and I get a cut. So I'm not actually mining Eth or anything. I'm automatically sold like a whore to the most expensive coin and my rig does the rest. Keep in mind I also do CPU mining, and I have a 5600X. CPU mining is NOT profitable and is just there to throw some extra cents my way. I usually do it in low power mode where my CPU sits at 100% usage at 50 Degrees. If you're doing what I'm doing, and run it at full power, you're making 5 cents more at a cost of 30 degrees to your hardware. It is not worth it.
So, assuming there's no massive crash (or massive spike) in BTC or demand for miners:
I make 43 euros a week as of this moment, which is about 50 bucks. I've been doing it for about two weeks, so I've made about 120. I make...about 200 a month or so. So, in a year, if everything stays the same, I will make $2,700. So a little less than one year the card will have paid for itself mining with monitoring. In a year and a half, I will have paid for all of my components. Two years total if you want to count my Valve Index along with it. So in two years, I will have paid off a top of the line gaming PC by babysitting my hardware and doing pretty much nothing but setting up a coinbase account to transfer the money into. Or I could just buy I hardware wallet and do it that way.
This is with a hash rate of 110 MH/s, and does not take into account power costs. It is also done with constant monitoring of my GPU and really, really watching my temps and giving it a benchmark a week and a rest.
This also does not account for Nicehash's gaming mode (where if it detects you are gaming, it will slow your hash rate and load proportionally to the resource you are running). I was wondering why my hash rate went to shit and it was because I was using Virtual Desktop and fucking around in VR. So you can basically leave Nicehash running forever and if you watch everything and pet your hardware, you should not have a problem.
I looked into getting an ASCI miner and I just started laughing at how retardedly expensive and inefficient they were. There's a very good reason that GPU mining is still more profitable and popular. It isn't until you start mining yourself to pay off your hardware you realize just why GPU mining is so popular. Looking back:
With a hash rate of 110 MH/s, my power draw was only 297 Watts. This is basically impossible in an ASCI miner (this is because I have underclocked and undervolted the card). They draw huge amounts of power, are limited to one algorithm and are horribly inefficient compared to a GPU. I just started laughing when I saw the comparison.
So, to get to my profitability...I'll use my historical average. 9 bucks USD.
In 2021, that would be a miner that costs 2k, can ONLY mine, fits only one algorithm, takes up about 1980 Watts of power and produces 75 decibels of sound. Which is basically equivalent to a blender. And will probably soon be functionally useless and have 0 resale value.
Compare that to my 3090 which mines whatever it wants, I can game on, consumes maybe 300 Watts at max and produces an average sound of 36 decibels with the fan at 70%. This is WITH my case door open. If I treat this card right, I can pay it off in a year and use it for 3 more. I can then sell this card and fully buy another high end card and if GPU mining is still as profitable, do so having MADE money in the process. Then everything I mine with that card is 100% profit.
So you can see why graphics card mining is extremely popular and still VERY profitable. You won't get rich off of it, but you can pay off your hardware by essentially doing nothing. Then its just beer money without taking surveys or doing stupid shit.
So right now, with my 3090, I am listening to Youtube, fucking around in Virtual Desktop getting 144 FPS, and I'm making five bucks a day with my GPU at....ahahahah, 50 degrees. CPU 50 degrees. VRAM at 80 (this is always super fucking high, no matter what because its measuring the silicon temperature inside of the card) and the hottest measurement on my GPU being 65 degrees.
So even if I stick doing this for a year at half of what I earn, I'd still make about $1,500 extra.
I know this is a bit longer, but I just wanted to explain why no one is running for ASCI miners and everyone is trying to grab at a GPU right now.