Gadgetory

what's up everyone Eber here with Hardwick and X and today we're investigating something that's a little bit interesting and it involves mining now before you start throwing away our keyboards mice or cell phones that mean hear me out for a second I'm completely aware of how cryptocurrency is affected the GPU market I mean from a gamers perspective it's actually very difficult to find a GPU due to demand and even if you do you're gonna be paying quite a penny to buy one because let's be honest prices on GPUs these days are ludicrously high now recently I came across something that involves mining with thread Ripper CPUs and that triggered me for a second so I decided to investigate that in depth and to my surprise it's actually a lot more fun than GPU mining so allow me to walk you through my experience mining with a CPU but first a quick message from our sponsor so it was kind of a love at first sight you know there's really nothing like this exterior I love the metallic color the tinted glass panel the RGB fans at the front it's basically a see-through case and who doesn't love that your graphics card can go vertical the top is radiator friendly and the right side is so unique when exposed thinks these cable covers so you can show off everything you've got with the aged 500 P my cooler master check it out inscription below alright before I get to the setup process and reveal the results there are a few things that you need to be aware of first and foremost I'm completely new to this so if I miss out on any key information please let me know in the comments down below secondly there are so many ways to approach mining the first one and obviously be by using a graphics card or multiple GPUs if you want to increase your hashing rein remember them higher the hash rate the higher your payout at the end of the day now if you want to take things to the next level you can actually use your smartphones to mine I'm not kidding there is an algorithm specifically designed to mine on your CPUs it actually on your smartphones because it can take advantage of the ARM processor that's built inside your smartphones I think the currency that it mines is electro neum and it uses the Kryptonite algorithm which is what we'll be working with but not on the cell phone on the thread Ripper processor so I would never mind with my phone by the way I just wouldn't because this is no just no actually why I wanted to do this was to see if these new algorithms and processors could at least compete with GPUs in some way so let's see how that looks remember each cryptocurrency runs off a specific algorithm for example theorem runs off the eat hash algorithm lit coin runs off the script algorithm and in our case we're gonna be mining Manero using the Kryptonite algorithm kryptonite was designed initially to take advantage of the CPU resources and it requires about two megabytes per instance meaning it fits in the l3 cache per core on modern processors now interestingly enough the thread refer 1950 X and the 1920 X feature a whopping 32 megabytes of l3 cache that means theoretically the mining workload can be spread across 16 threads at two megabytes per thread which is the optimal requirement for the Kryptonite algorithm this would then leave us with an additional 16 threads to play around with a while mining Manero for instance you can browse the web watch youtube videos heck even edit a video which is pretty awesome setting up the software is actually pretty straightforward all you have to do is download the XMR stack zip file from this github link i'll make sure to leave this link in the description down below next up you extract the folder and run the XMR stack dot exe application as admin and follow the on-screen prompts I actually decided to take a different approach to this by editing the config text file that was initially generated after executing the application because by default this program configures the CPU and the GPU for mining and I ran into some issues using both so here's what I did I opened up the config file and a manually entered my pool address in my case I was using nice hash and I highly recommend using the service if you're a new to mining next up I entered my wallet address this is something that's custom made and designated to your nice hash account the pool password by default is set to X leave it as is and finally make sure to set the value of use underscore nice hash to true the last thing you want to do is rename the XMR stack CUDA dll file to something else if you're using an NVIDIA GPU or if you're using an AMD card rename the open CL file this essentially allows the program to skip reading the GPU and head straight into using CPU resources for Mining once that's done you run the application as admin and give it a few minutes to connect to the pool service and you will automatically witness the results what we're looking for here is the hash rate so the higher the hash rate the higher your Bitcoin payout would be at the end of the day now to put it in simple terms I'm basically selling my computer's hashing power to generate or to solve different mathematical equations which then creates new cryptocurrencies and in return I get paid in bitcoins at least that's how nice afterwards now I'm not really sure how other pooling services approach this but definitely put in the time to do your own research if you decide to use a different service as for hardware I'll be using AMD's 1950 x16 core 32 threaded processor an Asus Zenith Xtreme x3 9 motherboard 64 gigabytes of course there's vengence RGB memory a GTX Titan X P and B quiets dark power / 11 1000 180 + platinum rated PSU I did run these tests at stock settings meaning I haven't done any overclocking with the CPU and the memory I'll be comparing the results from the 1950 X to Intel skylake X is offering a namely the 18 core I nine semia and a DX see Extreme Edition processor and the I 970 900 X 10 core processor what's interesting about these Intel CPUs is the amount of l3 cache they feature take this 18 core for example this CPU has 24.7 megabytes of l3 cache and when you run the crypto net algorithm each core within the 79 80 Hz CPU would start fighting for the l3 cache bandwidth hence resulting in a lower hash weight when compared to the 1950 X which AMD has graciously given at 32 megabytes of l3 cache so the application spreads it evenly across 16 threads and as a result you get a much higher hash weight which in my case was around 1,300 hashes per second when compared to 877 on the 18 core and just for kicks here's how these 70 900 X performs now another thing to take into account is profitability because if you decide to get B 1950 X just reminding you want to make sure that you get the proper ROI at the end of the year not to mention this includes power consumption and how much you're willing to pay every month or every year just so you can make a few extra bucks by selling the hashing power on your PC the first thing to calculate is the cost to run the system on a daily basis and for that I'm gonna be using a simple formula you take the energy and kilowatt hours that your system draws multiply that by the cost you pay per kilowatt hour which gives you the cost to run the system per day in a dollar figure let's start with the 1950 X the total power drop from the PC was around 180 watts while mining multiply that by 24 hours can where that two kilowatt hours then multiply that by the cost in my case I chose 14 cents USD per kilowatt hour but this can vary significantly depending on where you live as a result we get roughly 60 cents per day or $18 per month and here's how much power the Intel CPUs consume I gotta be honest though that 18 core processor is seriously one power-hungry CPU as it draws almost 230 watts and that's just with 16 threads running at full utilization honestly you're much better off with thread Ripper if you're serious about mining with CPUs now nice hash does a pretty good job projecting the payout on a daily weekly and monthly basis I did take the payout average for about 2 hours per CPU and the results really do speak for themselves however I do have to warn you that the cryptocurrency market is highly volatile so the Bitcoin payout can vary depending on its market standing sometimes you could get paid more other times you'd be losing money depending on how large your running costs turn out now for demonstration purposes I'll be calculating the profit with a designated Bitcoin value so case 1 let's assume 1 BTC is worth 7 thousand USD and case 2 with 1 BTC worth 14,000 USD as you can see with in 1950 X the projected payout is roughly $70 and when you take the difference of $18.00 for power costs I end up with a profit at around 52 dollars per month calculating case 2 with the 1950 X yields us with a profit of around 120 $2.00 I did the exact same analysis for with me Intel CPUs and just as expected the profit doesn't seem to justify the investment especially with the 18 core $2,000 I nine CPU take case 1 for instance with a Bitcoin value of 7,000 the estimated profit is around $23 per month and the ten core I 970 900 X just doesn't make any sense for mining case 2 rooks reasonably favorable to both Intel CPUs but then again you're much better off with Indies threaded by nineteen fifty X since it proves as efficiency for mining and remember we're calculating these profits based off an assigned static value for one Bitcoin so if you're interested in mining with your throat upper CPU know your risks before investing because quite frankly crypto corrector currency market is highly volatile it can it can crash you never know it's totally unexpected it's not consistent so yeah I would definitely understand just definitely know what you're going to invest in and and then move on from there another thing that I'd like to reiterate is the fact that we're not actually mining bitcoins because I don't think that's quite frankly possible at this point because it is quite difficult to do that especially what we're doing is were using our hashing power to my new cryptocurrencies and the pool service that we're using in this case nice hash is paying us back in bitcoins now you could use your GPU to mine cryptocurrencies I think the most profitable cryptocurrency to mine is Z cash but again that's totally varying depending on an hourly basis but there are other alternatives another thing I need to point out is the ROI because if you're just planning to invest on these high-end components just from mining it'll definitely take you at least two years or maybe even more to cover the cost for the hardware initially so do keep that in mind with that being said I decided to compare profits to a gtx 980ti i used the nice hash calculator to get the average BTC payout per day and then i did the exact same case analysis by factoring in the power costs which by the way are significantly higher than me it's about two per CPU so under load the total system power drop or the 1080i was around 290 watts and when you do the math it really isn't that profitable when compared to the 1950 x quick disclaimer though these numbers for the 1080i were based off mining z cache rather than Manero and these are just estimates nothing exactly is consistent and those of you who are wondering if it's possible to use all 32 threads on a threader per CPU to mine Manero it's definitely possible but it's not ideal so for instance if you do want to set all 32 threads all you have to do is go into the cpu dot txt file and reassign or set the threads in numerical order so in this case you would do 0 to 31 to give you you know all 32 threads and then you save the text file and then you run the program which then utilize all 32 threads but the problem is that the hash rate as a result is significantly lower than using 16 threads or even 24 threads and the reason for this is that all 32 threads are fighting for that l3 cache bandwidth and in this case kryptonite uses 2 megabytes per instance which really doesn't make any sense to run on a 32 thread system so yeah that's that's basically the end of it so at the end of the day what I recommend mining with a CPU honestly if you own a threat river based system I think you should probably consider it because say for example you're starting up a business and you're working in a studio space you could potentially mine with your 1950 x16 core processor while also doing other tasks like browsing the web doing productive things or you know editing a video because you've got 16 threads to work with or if your primary program utilizes all 32 threads well you could use your system for that but then when you leave the studio you can just set your system to mine and then come back the next day because normally the after hours season or the after hour times are a lot cheaper to run when compared to the regular nine-to-five hours so there are a lot of scenarios to to use your CP for mining guys and I'd love to hear your thoughts on this what do you think about CPU mining is it something that you'd be interested in and you could actually mine with your existing PC I mean if you have a 1920 X or a risin 7 1700 X that's possible you can do it but make sure but just understand that you're not gonna be getting the highest hash rate when compared to the 1950 X so yeah let me know if I missed out on any key information once again in the comments down below I'm ebar with horican axe thank you so much for watching and we'll see you in the next one