1st Mining Rig https://1stminingrig.com Just Another Mining Blog Mon, 01 Sep 2025 16:47:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://i0.wp.com/1stminingrig.com/wp-content/uploads/2017/01/fav2.png?fit=32%2C32&ssl=1 1st Mining Rig https://1stminingrig.com 32 32 109402913 How to Plot and Replot Chia – Full Chia Plotting Guide https://1stminingrig.com/how-to-plot-and-replot-chia/ Thu, 15 Jul 2021 15:27:11 +0000 https://1stminingrig.com/?p=14433

This article is a continuation to my Chia plotting & farming guide. If you haven’t already, check out part 2 where I talk about the best hardware for plotting, and next part 3 where I talk about the best farming hardware.   Now that your Chia plotting rig is ready, it’s time to set up […]

The post How to Plot and Replot Chia – Full Chia Plotting Guide appeared first on 1st Mining Rig.

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This article is a continuation to my Chia plotting & farming guide. If you haven’t already, check out part 2 where I talk about the best hardware for plotting, and next part 3 where I talk about the best farming hardware.

 

Now that your Chia plotting rig is ready, it’s time to set up the plotter software and start earning your first Chia coins. If you have checked my previous guides, you will have an idea on what kind of results to expect.

Download Chia Wallet, Setup & Backup

First thing first let’s download & install Chia GUI from official website here: https://www.chia.net/download/ (always double check if you download from official sources), make sure you backup & save seed phrase in a safe location like:

Another recommendation to stay safe is to farm to a cold wallet directly. Create your plots and farm with one wallet/seed phrase but send the rewards to a different one (cold wallet) by changing your farming rewards target address in Chia GUI Wallet, here is how:

  • Open Chia GUI and go to “Farm” tab
  • Then click on the 3 dots from top right
  • Go to “Manage Farming Rewards“
  • There replace both address with the one where you want to receive the rewards
  • Done 🙂
chia farming tabchia farming tab
chia wallet farm tabchia wallet farm tab
chia wallet manage farming rewardschia wallet manage farming rewards
chia wallet manage farming rewards target addresseschia wallet manage farming rewards target addresses

 

Best Chia Plotter Software

Just like most users, I first started plotting with the currently popular SWAR plotter, plotting 8 in parallel with my current configuration from here. Later, I moved on to PSChiaPlotter. While PSChiaPlotter is a great piece of software, I soon discovered madMAx43v3r plotter, and I am now currently using it because it gives the best results by far. Here’s why.

The MadMAx43v3r Chia Plotter allows me to work on one plot at a time (serial plotting) at an incredible speed. If assign 16 threads to the plotter, I achieve a record breaking speed of 29 minutes per plot. If I open another instance of the plotter and split the threads and RAM between both instances, I am able to have two plots every 55 minutes (an average of 26 minutes per plot).

 

How to use the madMAx43v3r Chia Plotter:

If you are new to plotting and not reploting for pools then using madMax software is more than enough, check the tutorial below. For re-ploting skip this section.

Note: to replicate my results, you have to use two high-speed SSD drives with MLC NAND. This guide won’t give you the advertised results if you have a bottleneck in your plotting rig.

  • Download the plotter from here and unzip it on your desktop.
  • Right click on “plot_with_log.cmd” (is nice to have logs) and edit it.
  • Here is how my current commands looks like and i will explain each of them:

@ECHO OFF
SET hr=%time:~0,2%
IF "%hr:~0,1%" equ " " set hr=0%hr:~1,1%
SET DATETIME=Log_%date:~-4,4%%date:~-10,2%%date:~-7,2%_%hr%%time:~3,2%%time:~6,2%
SET LOG_FILE=logs/%DATETIME%.log
IF NOT EXIST logs MKDIR logs
powershell ".\chia_plot.exe -t E:\ -2 G:\ -d D:\CHIA\ -r 16 -u 512 -v 128 -n 1 -c poolkey -f farmerkey | tee '%LOG_FILE%'"
PAUSE

  • From all that code we will focus on this line only:
    powershell ".\chia_plot.exe -t E:\ -2 G:\ -d D:\CHIA\ -r 16 -u 512 -v 128 -n 27 -c poolkey -f farmerkey | tee '%LOG_FILE%'"
  1. “-t E:\” is my first nvme ssd for temporary plotting which is WD_Black SN750 1TB (-t, –tmpdir arg Temporary directory, needs ~220 GiB (default = $PWD)) <tmpdir> needs about 220 GiB space, it will handle about 25% of all writes. (Examples: ‘./’, ‘/mnt/tmp/’)
  2. “-2 G:\” is my second nvme ssd for temporary plotting which is WD_Black SN750 1TB (-2, –tmpdir2 arg Temporary directory 2, needs ~110 GiB [RAM] (default = <tmpdir>)) <tmpdir2> needs about 110 GiB space and ideally is a RAM drive, it will handle about 75% of all writes. Combined (tmpdir + tmpdir2) peak disk usage is less than 256 GiB. I assigned each of my plotting SSD’s to each temporary directory: “-t E:\ -2 G:\”. This means that my fastest and most durable SSD is -tmpdir2, and it handles 75% of the writing. The second, cheaper SSD is assigned to –tempdir, and it’s mostly there to prevent write speed bottlenecks.
  3. “-d D:\CHIA\” i have the current active farming HDD like Seagate Exos or Western Digital under –finaldir. That’s where the completed plots are being saved to (-d, –finaldir arg Final directory (default = <tmpdir>))
  4. “-r 16” I assign up to 16 threads per plot, cpu which is a Ryzen 9 3950x. Do notice that –r simply limits the maximum amount of threads that can be used per plot. It does not lock those threads to that task alone. Any –r value higher than 16 proved to not change anything. At least on my rigs. (-r, –threads arg Number of threads (default = 4))
  5. “-u 512” pahse one buckets (P1) 512 (-u, –buckets arg Number of buckets (default = 256))
  6. “-v 128” phase tree + four 128 (P3+P4) (-v, –buckets3 arg Number of buckets for phase 3+4 (default = buckets)) this plotter allows you to increase the bucket amount past 128. I set mine to “-u 512 -v 128”. Combined with –r 16, this improved performance greatly.
  7. “-n 27” how many plots to create with the current run, in my case 27 plots to be created for a 3TB HDD  (-n, –count arg Number of plots to create (default = 1, -1 = infinite))
  8. “-c POOLKEY” here will be added your key for pools. Here is how yo get the pool key: Run PowerShell and write “chia plotnft show” then look for “P2 singleton address (pool contract address for plotting)” and copy it.
  9. “-f FARMERKEY” Here is how to get the farmer key: In the same PowerShell terminal write “chia keys show” and copy the key where it says “Farmer public key“.
  • We are ready to start creating the first plots, run “plot_with_log.cmd” and it will begin the plotting creation process
  • have fun! 🙂

 

My results with 16 threads:

Total plot creation time was 1699.33 sec (28.3221 min)

 

Plotting with two madMax instances

As I mentioned earlier, you can run two instances of this plotter in parallel with diminishing returns. On a rig with 32 CPU threads and 32GB RAM, the plot creation time goes from 28 minutes to 55 minutes per instance, per plot. This means that each plot takes an average of 25 minutes to create.

  • Plot 1: 3095.17 sec (51.5862 min)
  • Plot 2: 3114.45 sec (51.9075 min)
  • total time per plot: 25.8734 min

 

How to rePlot for Pools w/ PSChiaPlotter & MadMax

Now that official pools are live, we have to replot again for portable plots (also known as pool plots). If you already have quite a few plots being farmed on, re-plotting will be a hit to your performance until all of them are converted.
There’s a way to mitigate that, though. If you use the PSChiaPlotter in conjunction with the madMAx43v3r plotter, you can re-plot almost seamlessly.
Huge shootout to NotAnotherTech Channel for making this possible.

With this duo, you can still solo farm with all of your old plots, even those that are about to get deleted.
All you have to do is configure the Replot function in the PSChiaPlotter to use the madMax plotter.
Otherwise, you would have to delete a few plots to make room for the new ones, meaning that you’d have fewer plots farming during the re-plotting process.
Or, if you use the PSChiaPlotter alone, you’d lose on the extra speed madMAx43v3r can provide.

There is no need for me to make a step by step tutorial for this because NotAnotherTech Channel did it perfectly and i had nothing else to add, anyway if you have questions let me know. Here is how you should do it:

PSChiaPlotter RePlottingPSChiaPlotter RePlotting
PSChiaPlotter replotting with madmaxPSChiaPlotter replotting with madmax
pschiaplotter and madmax chia replotting final drivespschiaplotter and madmax chia replotting final drives
pschiaplotter and madmax chia replot configpschiaplotter and madmax chia replot config
Disclaimer: This is not financial advise, I am not a financial advisor, this is for educational purposes only. If you want to invest in cryptocurrency please do your own research and invest at your own risk, 1stMiningRig is never liable for any decisions you make. 1stMiningRig may receive donations or sponsorships in association with certain content creation. 1stMiningRig may receive compensation when affiliate/referral links are used.
Thank you for reading. As always, your comments, suggestions and questions are welcome. Subscribe and stay tuned for further updates!

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]]> 14433 Best Hardware for Chia Plotting – July 2021 – 30 Minutes per Plot?! https://1stminingrig.com/best-hardware-for-chia-plotting/ Sun, 11 Jul 2021 05:28:06 +0000 https://1stminingrig.com/?p=14311

There are a lot of misconceptions about Chia plotting and farming. If you’d like to start farming Chia but don’t have the time to dig through forums and guides, you’ve come to the right place. Hopefully, this guide will help you avoid the trial and error I had to go through. Today, we’ll be talking […]

The post Best Hardware for Chia Plotting – July 2021 – 30 Minutes per Plot?! appeared first on 1st Mining Rig.

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There are a lot of misconceptions about Chia plotting and farming. If you’d like to start farming Chia but don’t have the time to dig through forums and guides, you’ve come to the right place. Hopefully, this guide will help you avoid the trial and error I had to go through.

Today, we’ll be talking about Chia plotting, and specifically, which hardware to use to get the best return on investment. In this guide, I will explore both budget and high-end setups. Choose which one suits you the best.

chia plotting pcchia plotting pc
chia plotting ssdschia plotting ssds

Why Using Separate Hardware for Chia Plotting?

Most Chia guides will tell you to simply grab a hard drive, launch the Chia plotter and call it a day. While this approach works, it’s far from being efficient.

Why should you care about efficiency, though? According to official sources, we reached a total of one million active plots. That’s a lot of competition, and if you want to earn any profit of Chia farming, you have to get a good rig for the least money possible. It’s all about knowing which corners to cut, and which ones to not.

Plotting and farming are two different processes that put load on different parts of your Chia hardware:

  • Plotting is very CPU- and RAM-intensive, especially if you want to do parallel plotting (and you DO want to do it so you don’t lag behind). It also is very taxing on the drive you are using – we have discussed this in my Chia review but in brief, plotting on a consumer-grade SSD is a very bad idea.
  • Farming, on the other hand, is a passive process that can be done on virtually any low-end PC with any kind of modern HDD or SSD.
swar chia plotingswar chia ploting
chia farming guichia farming gui

Optimal Chia Plotting Rig Setup

Based on my own experience, as well as on what the community says, the best setup is to have one PC dedicated to Chia plotting, and another one (or more) for Chia farming. This way, you get good plotting speed while avoiding over-investing on several high-end PCs. However, it’s still possible to combine both plotting and farming on the same PC, as long as you have the proper storage setup, below you will find the best cases i could found to store lots of HDDs depending of how much you would like to invest.

Now, most people I know use the SWAR plotter, and try to run as many plots in parallel as possible. The average speed for most people seems to be 8 plots every 7-12 hours. I personally now use the MadMAx43v3r Chia Plotter instead that does serial plotting. With it, I can achieve speeds between to 25 and 30 minutes per plot. This guide will show you the hardware I’m using for that.

For plotting, you’d ideally want to have a:

  • CPU with 16 to 32 threads and cores,
  • At least 32GB of RAM,
  • At least two m.2 NVME SSD with both good writing speed (MLC NAND) and endurance (High TBW or Terabytes Write value)
madmax chia plotting 28 minutesmadmax chia plotting 28 minutes
chia plotting pc gaming and miningchia plotting pc gaming and mining

Here is my plotting PC. I already had it built for another project (LINK#1, LINK#2)

phanteks case chia plotting pcphanteks case chia plotting pc
noctua chia pc build casenoctua chia pc build case
ryzen 9 3950x chia plotting buildryzen 9 3950x chia plotting build
gen4 ssd chia plotting hardwaregen4 ssd chia plotting hardware
wd black sn750 chia plotting ssdwd black sn750 chia plotting ssd
ssd m2 heatsinkssd m2 heatsink
wd black sn750 custom heatsinkwd black sn750 custom heatsink
wd black sn750 chia plotting heatsinkwd black sn750 chia plotting heatsink
m.2 nvme pcie adapterm.2 nvme pcie adapter
wd black pcie m.2 adapterwd black pcie m.2 adapter
chia plotting pcie m.2 adapterchia plotting pcie m.2 adapter
2x wd black sn750 for chia plotting2x wd black sn750 for chia plotting
chia plotting pcchia plotting pc
chia plotting ssdschia plotting ssds

Below, you will notice that the only two things that change between the budget and high-end versions are the CPU and RAM specifications. The PSU, motherboard and system SSD are the exact same for both lists, which means that there is always the option to upgrade your rig afterwards if you start with the budget version.

What also varies besides the CPU and RAM is the amount and type of plotting SSDs to use in the rig. I will be detailing which model and capacity to pick, too.

Best Chia Plotting Hardware

Part 1/3: Choosing the hardware
Optimal BUDGET Chia Plotting Hardware

This setup is both affordable and upgradeable. It’s a good way to getting started in Chia plotting without over investing.

As a rule of thumb, more threads let your rig work on more plots in parallel for the SWAR plotter. Since we will be running the madMAx43v3r plotter instead, the AMD Ryzen 3700X lets us run one instance of it at a time for an average of 50 minutes per plot.

For the SWAR plotter, you’d need to have at least 3400MB of RAM per plot. For the madMAx43v3r plotter, you’ll be calculating your RAM based on the amount of threads used rather than based on the amount of active plots. 32GB RAM is more than enough for 16 active threads.

The ASRock X570 is a great all-around motherboard that works for both plotting and farming. Here are the reasons I picked it over any other. The ASRock X570 has:

    1. 8 sata III ports that will allow us to connect 8 farming HDDs later on.
    2. 8 USB 3.2 ports to connect external HDDs as well
    3. 2 PCIe 16x lanes that let us install two m.2 nvme adapters, and add more plotting SSDs. This is crucial in case you’d like to upgrade your CPU and RAM later down the road.
    4. 2 m.2 NVME ports

For the money, you are getting a gold certified PSU that has great quality and efficiency. The gold rating is especially important when you have the rig running 24/7. Another important feature is that this model comes with 6 SATA power connectors, as well as three MOLEX that can be connected to two extra SSD’s with the right adapters.

This humble consumer-grade 250GB SSD is meant to run the system and host the plotting software. When it comes to plotter SSDs, there are plenty of options, and I detail them below.

 

Optimal MID-HIGH End Chia Plotting Hardware

This is arguably the best setup you can get at home. What’s nice is that it’s still a consumer-grade PC, meaning you can later use it for purposes other than mining Chia.

The AMD Ryzen 3950X lets a rig run up to 8 plots in parallel with the SWAR plotter, or two instances of the madMAx43v3r plotter at a time to achieve around 30 minutes per plot goal.

Part 2/3: Choosing the SSD for plotting
Best SSD’s for Chia Plotting

The drives you will be using for Chia plotting will depend on what kind of CPU do you go for. Obviously, you want the SSD speed to match that of the CPU to avoid any bottlenecking.

This model maintains its writing speed thorough the entire plotting process thanks to its MLC NAND. Because of this, it is the fastest drive on this list. It also features an over the top 1200 TBW, which should be enough to create at least 900 plots. Use this drive for the second temporary folder (as detailed below).

This model is about cheaper 30% than the previous one. It features 600 TBW, and a slightly slower writing speed, though it still ranks among one of the fastest SSDs for Chia plotting.

This model still features the same 600 TBW, and write speeds that hover around 1400 MB/s when plotting. This gives you plenty of headroom without breaking the bank.

The slowest of the list, the SN750 is also the cheapest. Coming at 600 TBW, it is probably the best budget option for Chia plotting you can find.

Last but not least, this Sabrent SSD is a quality drive with solid 1,400 TBW endurance, as well as great performance. It’s also the most expensive drive on this list. You might have heard people complain about it but I personally had no issues with these drives so far.

Sabrent Plotripper

The Plotripper is an upcoming model announced by Sabrent designed specifically for Chia plotting. Its selling points are insane TBW capacity, as well as allegedly reasonable pricing. We still have to wait to see the real numbers, though.

That was the selection of the drives I personally find the best for plotting. If you want to get something else, here are the main key aspects to consider:

  • The form factor – For optimal results, you’d want an M.2 NVMe. This grants you the fastest write speeds, and reduces the chance of the drive speed being the bottleneck. You can additionally use a PCIe adapter for your NVMe drives.
  • Lifespan – Measured in TBW (Terabytes Written), the lifespan of a SSD can vary dramatically depending on the model. As expected, consumer-grade models weren’t designed for intense operations like Chia plotting.
  • NAND Type – This is a pretty lengthy topic but to sum it up for you, drives with Multi-Level Cell (MLC) NAND are good, whereas drives with Quad-Level Cell (QLC) are bad. This might seem counter-intuitive at first since QLC drives have a higher advertised read/write speed however, they generally lose about 80% of their speed after 200-300 seconds of intense file transfer, whereas the performance of a MLC remains consistent. This graph illustrates this topic pretty well.

1 TB vs 2 TB SSD’s for Chia Plotting

You probably noticed that my list includes only 1TB SSD drives, even though 2TB seems to be the popular choice nowadays. I’m basing this recommendation off my own tests. Here’s what I found out:

The madMAx43v3r plotter uses two different temporary directories while plotting, and a final directory where the completed plot is stored. I will go over the specifics in my Plotting guide but for now I will say that you really want to split the three directories on three separate drives to achieve the best performance:

  • The first directory needs about ~220 GiB of free space and handles about 25% of the all the writes (about 400GB).
  • The second directory needs about ~110 GiB of free space and handles about 75% of all the writes (About 1200GB). Ideally, you’d want to have a RAM drive there. If not, set that directory to your drive with the best TBW, and the fastest write speed.
  • The third and final directory is your farming HDD. Ideally, it’s your slower but massive hard disk drive. It can be an USB drive too.

As you can see, you can get away with one expensive, and one less expensive SSD for your plotting drives. You also don’t have to waste money on 2TB SSD’s since the plotter won’t use the extra space anyway.

Now, a common counterargument is that 2TB drives have higher TBW than 1TB ones. While true, let’s not forget that the real TBW of SSD drives is often higher than the one advertised. A good example is my WD_Black SN750 1Tb drive that has 77% of its advertised TBW value used but is still sitting at 54% health.

Besides, it’s better to buy one high-end 1TB SSD with high TBW (such as the Samsung 970 PRO 1TB) than a mid-end 2TB drive. With the high end-drive, not only you get the same TBW, you also get better and more stable write speed.

Part 3/3: Choosing The Best Chia Plotting & Farming Case
Mid-End CASE: Fractal Define 5

I personally find Fractal Design Define R5 case perfect. It’s big enough to fit everything in it: it features 8x slots for 3.5 HHDs, and you can install up to 6 fans on it. It already comes with two. If you want to add more, I would recommend these: Fractal Design Dynamic X2 GP-14 Computer Fan – Silent Fan – High Airflow

chia farming case Fractal Design Define R5chia farming case Fractal Design Define R5
chia plotting and farming case Fractal Design Define R5chia plotting and farming case Fractal Design Define R5
High-End CASE: Fractal Define 7 XL

If you are taking Chia farming very seriously, the Fractal Define 7 XL might be a better choice for you. For the money, you get room for up to 20 (!!) 3.5 HDDs. You simply can’t beat this for the money. Just don’t forget to install enough additional fans to keep the whole system cool.

chia plotting and farming Fractal Design Define 7 XLchia plotting and farming Fractal Design Define 7 XL
chia plotting and farming Fractal Design Define 7 XL 2chia plotting and farming Fractal Design Define 7 XL 2
NOTE: I have selected this two specific cases because once you finish plotting you can turn your plotting pc to a farming pc as well, so any of these cases are perfect to get started even if you choose to create a mid budget or high end plotting pc. I personaly got the Define 7 XL 🙂
chia farming case fractal design define 7 xlchia farming case fractal design define 7 xl
fractal design define 7 xl server nas chia farming conversionfractal design define 7 xl server nas chia farming conversion
chia farming and plotting fractal define 7 xlchia farming and plotting fractal define 7 xl
chia farming fractal define 7 xl server conversionchia farming fractal define 7 xl server conversion
Best Chia Plotting Hardware – Accessories and Parts

Since the motherboard has only 8 SATA ports that means you can store 8 3.5 HDDs only, just perfect for Fractal Define 5, as for the Fractal Define 7 XL we will need few more parts and accessories in order to fill up the case with 12 more 3.5 HDDs. Here is the list:

The LSI SAS/SATA controller can hold up to 8 HDDs. The Syba controller can also have up to 8 HDDs connected and unlike the LSI it comes with 2x SAS/SATA cables needed for HDD connections.

2 pairs are needed in case you go with the LSI MegaRAID SAS/SATA controller board.

If you go with the Fractal Define 5 most probably you will not need just one SATA splitter (if using PSU recommende by me), but if you go for Fractal Define 7 XL you will need 4x splitters for sure.

8x cables in total is what you need no matter which case you choose betweed Define 5 and 7.

How to Plot and Farm Chia

Now that you have your plotting rig ready, it’s time to get started with the actual plotting. Below, you will find my Farming Rig Setup guide, as well as my full Plotting Guide:

Please share your feedback in the comments below. Thanks!

Disclaimer: This is not financial advise, I am not a financial advisor, this is for educational purposes only. If you want to invest in cryptocurrency please do your own research and invest at your own risk, 1stMiningRig is never liable for any decisions you make. 1stMiningRig may receive donations or sponsorships in association with certain content creation. 1stMiningRig may receive compensation when affiliate/referral links are used.
Thank you for reading. As always, your comments, suggestions and questions are welcome. Subscribe and stay tuned for further updates!

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]]> 14311 Ledger Nano X in 2021 – What’s New and How to Not get Scammed – My Updated Review https://1stminingrig.com/ledger-nano-x-in-2021/ Fri, 02 Jul 2021 01:04:08 +0000 https://1stminingrig.com/?p=13985

This review is NOT sponsored and contains affiliate links. I’ve been a user of Ledger hardware wallets since 2017, and today I’d like to post my updated review on the Nano X. In this review, I’d like to introduce the wallet to those who are new to the product, as well as talk about the […]

The post Ledger Nano X in 2021 – What’s New and How to Not get Scammed – My Updated Review appeared first on 1st Mining Rig.

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This review is NOT sponsored and contains affiliate links.

I’ve been a user of Ledger hardware wallets since 2017, and today I’d like to post my updated review on the Nano X.

In this review, I’d like to introduce the wallet to those who are new to the product, as well as talk about the features that have been added since 2018. Since my main focus is security, I will be also sharing some critical information that will hopefully help you stay safe and avoid getting scammed.

Ledger Nano X Review 2021

What’s a Ledger Nano X?

The Nano X is a hardware wallet that supports over 1500 different assets, and can store up to 100 of them at the same time. It supports all of the mainstream cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Stellar, Monero, as well as many alt coins and their derivatives. Here’s a full list of the supported assets.

On the outside, the Nano X looks like a pen drive with a stainless steel cover. The body of the Nano is made of plastic however, it feels way sturdier than that of the average pen drive. The device features a 30×13 mm screen, and two buttons. It can be connected via USB to your desktop (MacOS or Windows) or via Bluetooth to your phone (iOS 9+ or Android 7+).

Despite its seeming simplicity, the Nano X is an advanced device that features a high-end ST33J2M0 secure element, as well as its own operating system. This makes the device immune to any remote attacks, as well as makes it highly resistant to attacks even in the unfortunate case a hacker gets their hands on the physical device.

Note: I say “highly resistant to attacks” to avoid confusion. If your device gets lost or stolen, it’s critical to restore your funds with the recovery seed and transfer them to a different wallet asap. No matter how secure the device is, you don’t want hackers to possess the chip that has your encrypted keys on it.
ledger nano x displayledger nano x display
ledger nano x penledger nano x pen

What does the Ledger Nano X do?

The device has two functions:

The first one is to store your personal keys. As you probably know by now, all of the coins are out there in the blockchain; your wallet just holds a set of keys that prove your ownership of those coins.

You can obviously create a so-called software wallet on your PC and back up your keys on an USB stick, or even create a cloud wallet and trust a third party to store the keys for you. While not a particularly bad idea for small sums of cryptos, this method is far from safe.

You probably know how vulnerable are computers and smartphones to hacker attacks. A number of keyloggers and trojans remain undetected even by the best antiviruses, and can leak your personal keys to the hacker as soon as they appear on your device.

Here’s where the Nano X comes into play. Its second function is to authorize transactions while keeping the private keys secret. This way, you can operate a cryptocurrency wallet even from an infected computer or smartphone safer, as long as you follow certain guidelines (as detailed in the sections below).

The Nano X has signing authority for transactions. While you cannot initiate transactions straight from the device, you do use it to manually confirm every transaction you do by pushing one of the two physical buttons on the device.

ledger nano x 24 words seedledger nano x 24 words seed
ledger nano x 24 words seed backup paperledger nano x 24 words seed backup paper

Here’s how it works:

  • You start by creating your wallet on the device, and you write down the recovery words somewhere safe.
  • Then, you link a software wallet of your choice to your Ledger device. This way, you can use the interface of that software wallet to manage the funds on your Ledger.
  • Every time you send crypto to someone, you will have to either confirm or deny the transaction by pressing one of the two buttons on your Nano X. The screen will display the recipient address, which will allow you to verify that you’re sending the funds to the right person.
  • If a transaction was initiated by a hacker, you will be able to decline it, and keep your money safe.

Simply put, if a hacker gets to initiate a transaction from your wallet, they won’t be able to complete it without you physically pushing the button on your Ledger.

Note: Even though the Ledger does offer an extra layer of protection against hackers, it’s still a good idea to only connect it to a PC that has a freshly installed operative system on it to prevent MITM attacks. More on that below.

 

What’s New: Ledger Live

The Ledger Live is a new application that is being developed and hosted by Ledger. As its description states, Ledger Live is “the one-stop shop for your crypto”.

Originally, all Ledger devices only operated with third-party wallets and exchanges. Most of the biggest wallets and sites allow you to link your ledger device to them to add that extra layer of security.

Now, Ledger decided to make life easier for their customers and released their own app that offers a simple interface for storing, buying, selling, swapping, and stacking your crypto. The app is available for Mac OS, Windows, iOS, and Android.

Note: Even though the app is developed by Ledger, two of its key functions are still powered by third parties – the buy/sell option is powered by the Coinify gateway, and the swap option by Changelly.

Make sure to download the app from the official Ledger website to avoid scams.

ledger live installationledger live installation
ledger live add accountledger live add account
ledger live portfolioledger live portfolio
ledger live app managerledger live app manager
ledger live accounts listledger live accounts list
ledger live buy and sell cryptoledger live buy and sell crypto
ledger live install new accountsledger live install new accounts
ledger live swapledger live swap

Common Questions

What happens if your Nano X gets stolen?
In the unfortunate event this happens, you will most likely have some time to use your 24 word recovery phrase on a new device to access your funds again, and transfer them to a new wallet. Here’s how. As you know, the wallet operates with a 4- or 8- digit pin. The seed gets wiped out from the device if a wrong pin is entered three times in a row, so the device is protected against brute force attacks. There are talks about other methods a hacker can potentially use to access the data on the chip however, those require time and specialized equipment.
What happens if you lose your 24 word recovery phrase?
If you still have access to your ledger, you can create a new wallet (make sure to write down the new recovery phrase), and transfer all your funds there.

Pro Tip: You can back up your recovery seed on a device such as a Cryptosteel Capsule Solo or billfodl. 

 

Ledger Nano X vs Nano S

The Nano X is the newest model, and it offers more features, and an overall better user experience compared to that of the Nano S. Both devices are still manufactured and supported by Ledger, with user experience being one of the key differences between the two: Also check on official website!

Ledger Nano X Ledger Nano S
Apps installed simultaneously Up to 100 Up to 20
Compatible crypto assets 1,500+ 1,500+
Compatible wallets 50+ 50+
Bluetooth Yes, can be connected to smartphones –
Screen size 128 x 64 pixels 128 x 32 pixels
Connector USB Type-C USB Type Micro-B
Battery 8 hours –
Price €119 €59

Ledger Nano X Hacks and Scams – All You Need to Know

Since its release, there have been quite a few attempts to both hack the device itself, as well as trick Ledger users into sharing their private keys in one way or another. None of this was known to the early adopters of the Ledger, and hundreds of users lost their cryptos. If you’re new, you’ll have the privilege of learning from other’s mistakes, and have a more pleasant experience with your Ledger.

Please read this section carefully to get a better understanding on what to, and what to not do:

Man in the Middle Attacks

It’s no rocket science that malware can infect your PC without you or your antivirus noticing it. Once a PC is infected, you can no longer trust what’s displayed on your computer screen. While your Ledger will prevent hackers from accessing your recovery seed and wiping your wallet completely, they can still reroute your payment to a different address if you’re not cautious enough.

Solution: When making a transaction, make sure to follow the steps detailed here. Also, ideally you want to keep your wallet accessing PC offline and only for that purpose, and have a different PC for regular web surfing.

Note: Please do not confuse a MITM attack with a normal BTC address change due to UTXO. If confused, read this topic.

Chrome Extensions

9 months ago, a man created this thread where he claimed that his Ledger got hacked remotely. After some investigation, it became clear that the man downloaded a third-party Chrome extension for the wallet, and introduced his 24-word seed there.

Lesson learned: the official Ledger app will never ask you for your 24 words. Besides, there is no official Ledger Chrome extension, so that app the man downloaded was clearly made by scammers.

Third-Party Sellers

Some people buy their devices from sites like eBay and Craiglist. You can find some really “sweet” deals there but here’s the thing – nothing comes for free.

Back in 2018, a young hacker named Saleem Rashid claimed to have being able to hack a Ledger device. His method requires him to have the physical device in order to install a custom firmware on it through USB.

As far as I know, this issue has been addressed, and the Saleem Rashid now appears on Ledger’s hall of fame. Now, it’s unknown whether there are other ways to exploit a Ledger device so the lesson is pretty clear: avoid third-party sellers.

Don’t get me wrong – the Ledger Nano X is a very secure device that also has an inbuilt integrity check system. Still, it’s a good idea to play it as safe as possible.

Supply Chain Attacks

As this blog post by Kaspersky Labs details, a hacker could potentially install a hardware implant on the Ledger to make it leak your funds. While it’s certainly not easy for a hacker to get their hands on your device if you order it directly from Ledger, it’s always better to be safe than sorry.

Solution: Ledger devices are easy to open, and this short tutorial shows how to easily disassemble your Ledger Nano, and check whether it’s been tampered with.

Pre-Made Private Keys

As this video explains, some third-party sellers replace the original Ledger documentation with their own.

What they do is they basically pre-set the device for you. They create a private key and print two copies of it. They put one copy in the box and cover it with scratch-off ink, making it look like this is how it came from Ledger. The second copy remains in the possession of the scammer, allowing them to access your funds unless you reset your device and create a new set of recovery words.

You might think “who will fall for this?”. Thing is, with over two million Ledger devices being sold worldwide, you can bet there’s a good share of people who could potentially fall for this.

Phishing Websites

There have been (and probably still are) quite a few phishing websites that look exactly like Ledger’s. The main aim of those websites is to lure you into sharing your 24 word recovery phrase.

Takeaway: Ledger will never ask you for your 24 word recovery phrase, neither it will ask you to send them cryptos. Please, take a minute to check this screenshot compilation to get a better idea on how creative scammers can be.

Hacked Youtube Accounts

Back in February of this year, a handful of hacked youtube accounts were promoting a phishing website to Ledger users. The scam was disguised by a fake news that Ledger released a new web wallet.

Solution: Only trust announcements posted on the official Ledger Blog, official Ledger Twitter, and official Ledger Facebook page.

Data Breaches

Back in June of 2020 there was a data breach on Ledger’s e-commerce site API that leaked the contact information of over 8500 Ledger device owners. The leak consisted of strictly email addresses, phone numbers and names. No payment or credit card information was compromised. Nonetheless, this allowed scammers to send both emails and text messages to Ledger users, prompting them to click on links that would lead them to phishing websites.

Takeaway: While this particular breach was fixed, it’s a good idea to take any emails and messages with a grain of salt, even if they contain your full name. Data breaches happen even to the biggest companies, so please don’t click any links from emails no mater how credible they look like.

Getting your own Ledger Nano X

All of the major online stores sell the Nano X. As we saw earlier though, a skilled hacker can potentially tamper with the device, so it’s always a good idea to avoid third parties as much as possible.

I personally bought my Ledgers from their official store, and got it shipped to me via DHL Express.

I know €119 for one Nano X isn’t exactly cheap but for all of you looking to getting your own Ledger, here is the link. Also consider the Cryptosteel Capsule Solo to store your seed words.

There is also a possibility to buy a back up pack that consists of a Ledger Nano X and a Nano S. You get both for a total of 20% discount. You can store the Nano S in your home safe, and take the Nano X with you to make transactions on the go.

In Conclusion

At this point in time, it’s common knowledge that hardware wallets are a must for safe cryptocurrency storage. The more valuable cryptocurrencies become, the more attention they get from all sorts of thieves.

There are several companies that make hardware wallets, and while I don’t doubt that most of them make good and reliable products, I personally lean towards Ledger. Ledger products have a good track record, and the company’s active bounty system helps to improve its products constantly.

Again, this review was not sponsored by Ledger.

Disclaimer: This is not financial advise, I am not a financial advisor, this is for educational purposes only. If you want to invest in cryptocurrency please do your own research and invest at your own risk, 1stMiningRig is never liable for any decisions you make. 1stMiningRig may receive donations or sponsorships in association with certain content creation. 1stMiningRig may receive compensation when affiliate/referral links are used.
Thank you for reading. As always, your comments, suggestions and questions are welcome. Subscribe and stay tuned for further updates!

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The post Ledger Nano X in 2021 – What’s New and How to Not get Scammed – My Updated Review appeared first on 1st Mining Rig.

]]> 13985 Chia Coin Review https://1stminingrig.com/chia-coin-review/ Sat, 12 Jun 2021 14:24:36 +0000 https://1stminingrig.com/?p=13931

You’ve heard about Chia before – some say it’s the new gold mine, others label it just another shitcoin and move on. Unlike certain sensationalists out there, I took the time to follow and study the project for a bit before I decided to write this review. Hopefully, it will help you to better understand […]

The post Chia Coin Review appeared first on 1st Mining Rig.

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You’ve heard about Chia before – some say it’s the new gold mine, others label it just another shitcoin and move on.

Unlike certain sensationalists out there, I took the time to follow and study the project for a bit before I decided to write this review. Hopefully, it will help you to better understand whether Chia is for you.

This is going to be part of my Chia series where I will be testing different hardware, and assembling Chia farming and plotting rigs, so if you’re interested in that, make sure to follow me.

Chia Network Review

What is Chia? The Basics

Chia is a new coin that aims to solve some of the issues we have with most of the currently used cryptocurrencies. Namely, the main aim of Chia is to move away from both Proof-of-Work and Proof-of-Concept models into a totally new territory.

Chia coin introduces a new concept – Proof of Space and Time (POST). It is meant to be way greener than POW, as well as more secure than POS. Unlike POW, POST is also meant to make mining more accessible for the average Joe since it requires storage space instead of raw hashing power. And by being less power-hungry, Chia mining should in theory be profitable even for those of us living in areas with expensive electricity.

 

POST vs. POW

The issue with proof of work is that it’s not eco-friendly at all. The amount of energy used worldwide by Bitcoin miners alone stands close to what a small country consumes. A lot of POW coins also struggle with centralization issues – we see more and more hashrate coming from huge mining farms with specialized equipment.

Proof of space, on the other hand, utilizes hard drive storage space. Unlike other projects like SIA and Storj, Chia does not offer decentralized storage. Instead, it’s basically CPU mining that requires a bit of CPU power and a lot of free storage to validate transactions on the network.

To prevent grinding attacks like on Burstcoins, Chia also implemented a proof-of-time concept. Plotting takes quite a lot of time and work, and that has been implemented on purpose to prevent people from abusing the system through constant plot overriding.

 

Chia Features

Chia was created by Bram Cohen of BitTorrent Fame. It is written in Chialisp, a lisp-like language. Just like Ethereum, it allows smart contracts. The Chia wallet already supports atomic swaps and multisig. Users can also build their own cryptocurrencies based on Chia called ‘Color Coins’. Users can then create their own rules how those coins work, and peg them to real world and/or assets, use them for reward schemes, etc.

 

Chia Plotting and Farming

Unlike most other minable coins, Chia mining consists of two parts:

  • The first one is called ‘Plotting’. Plotting is the process of assigning a certain part of your hard drive to the Chia network. It’s a process that takes 5-15 hours per plot (depending on your drive speed and setup).
  • The second part is called ‘Farming’. Every 10 minutes, 32 active plots are randomly selected to be allowed to mine 2 Chia tokens. Just like with Bitcoin, these rewards will be halved every 3 years until they reach a hard cap of 4 Chia every 10 minutes.
chia gui plottingchia gui plotting
chia farmingchia farming

Note: Chia mining was labeled as ‘farming’ by its devs to empathize the eco-friendly nature of the coin, as well as to prevent it from being associated with the less and less loved word ‘mining’. In reality though, the therm ‘mining’ is still technically correct, and the word ‘farming’ is just flair.

 

Chia Mining Hardware Requirements

In theory, Chia can be mined/famed on virtually any PC that has at least 250 GB free storage space. Even though every plot takes about 100GB of space, the plotting process requires you to have a headroom of about 250 GB. There are no minimum requirements regarding CPU power, as long as it’s not a totally outdated model.

While this sounds simple enough on paper, the reality is obviously a bit more complex (Just a bit, I promise!… with my fingers crossed behind my back). Here are some things you need to know before farming Chia:

  1. Hard Drive Speed Matters a LOT

Slow hard drives offer slow plot times, which translates into less profits.

In POW mining, we have something called hashrate, and the more a piece of mining gear hashes, the more profit it brings. Chia mining is the same, except that what counts is drive speed rather than computational power.

Now, as we know, the speed of a drive is determined by the drive itself, its connection type (SATA, PCIe, etc), as well as the motherboard port types. This means that ultimately, Chia mining speed still varies depending on the used gear, and the differences might be huge.

Here is a list with what most of the users use to create Chia plots (i wil have my own list of NVMe ssds in the next article):

  1. You’ll Need A TON of Plots

At the time I am writing this, the average chances for one plot of finding a block are very thin. According to the calculator built into the official Chia farming software, the average time it will take one plot to hit the jackpot is 13 years. This number can easily double in the next month as more miners join.Basically, if you want to get any sort of profit off of Chia mining, you’d need at least 40-50 TB worth of high-speed storage.

  1. Chia Farming Kills Consumer-Grade SSDs

If you’re planning on mining on your gaming PC, Chia plotting can easily kill your SSD drive. During the plotting process, the drive has to read and write terabytes worth of information. If you don’t know already, every solid state drive has its write limit (called TBW). Basically, there is a certain amount of information the SSD can handle before it dies.

Chia farming will kill most consumer-grade SSD’s pretty fast. Most of the drives won’t last more than two months. An expensive enterprise-grade drive however might survive Chia mining for up to two years.

  1. You Might Need a Dedicated Chia Plotting Rig

With how long it takes to create one single plot, the Chia miner software offers you the option to create several plots in parallel. While this comes in handy if you have several drives connected to your PC, creating more than one plot at a time applies a considerable load on your CPU and RAM usage.

Having all of that in mind, if you want to have a chance of profiting off farming Chia, you might want to get a dedicated Chia mining rig with enterprise-grade SSDs, decent CPU and RAM.

This is what i am using right now for plotting Chia, in the next article i will have a more detailed list for both budget and high end plotting and farming rig:

chia plotting pcchia plotting pc
chia plotting ssdschia plotting ssds

 

Chia Mining Competition and Possible Issues

The mining landscape is shaped by the amount and size of active miners. Ideally, home miners should be only competing with other home miners but it proved to not be the case with POW coins. Most POW coins are dominated by big companies that own huge mining farms, and take advantage of regions with cheap or free electricity.

Chia mining is not power-intensive, so that’s a plus. As a downside, a lot of the existing data centers all around the globe can easily become Chia mining farms. Server-grade storage drives are perfect for Chia mining thanks to their high access speed and durability.

If you’re mining at home, you might want to get into the project asap before the network gets too saturated. There’s a catch, though:

Chia Pool Mining

Yes, that amazing thing called ‘pool mining’ isn’t yet officially available for Chia. Why is it important?

Just like with conventional GPU and ASIC mining, there is a fixed amount of coins mined every day, and the more units mine the coin, the lesser are the chances for each of them to get the reward.

Now, since Chia does not have any official mining pools, everyone has to solo mine. This is what produces the lottery ticket effect – as a miner, instead of a constant slow stream of cryptos that’s based on your plot count, every tick you either get nothing or two entire Chia tokens (XCH), purely based on luck. While adding more plots increases your odds, there is always that chance that someone with one plot comes and shamelessly steals the jackpot.

Currently, only community pools are available for use but they don’t seem to be reliable. Official pools are planned to be released next month.

 

In Conclusion

Chia is a new cryptocurrency is gaining a lot of traction. It has been listed on exchangers very recently, and over the past month, the list of exchangers the coin could be bought from expanded from 3 to 17. With its price currently hovering between the 600 and 700 dollar mark per coin, Chia is one of the coins that might be worth mining, at least until big storage providers step into the game.

I am working on several guides on how to farm Chia efficiently, so stay tuned! Next one will be about the best hardware for plotting Chia.

Subscribe below to get notified instantly when new Chia related articles are published

Chia useful links:

Official website: https://www.chia.net/

Forum: https://chiaforum.com/

Farming Calculator: https://chiacalculator.com/

Disclaimer: This is not financial advise, I am not a financial advisor, this is for educational purposes only. If you want to invest in cryptocurrency please do your own research and invest at your own risk, 1stMiningRig is never liable for any decisions you make. 1stMiningRig may receive donations or sponsorships in association with certain content creation. 1stMiningRig may receive compensation when affiliate/referral links are used.
Thank you for reading. As always, your comments, suggestions and questions are welcome. Subscribe and stay tuned for further updates!

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The post Chia Coin Review appeared first on 1st Mining Rig.

]]> 13931 NVidia is ‘Nerfing’ the RTX 30xx GPU’s for Ethereum Mining – It Comes with Its Downsides https://1stminingrig.com/nvidia-is-nerfing-the-rtx-30xx-gpus-for-ethereum-mining-it-comes-with-its-downsides/ Sat, 06 Mar 2021 10:53:51 +0000 https://1stminingrig.com/?p=13904

Recently, NVidia announced in their blog that the company is implementing a new “feature” to their RTX 3060 and future cards. This new implementation will detect mining-related operations and limit the GPU resources, thus reducing mining speed. What’s going on? So far, the only affected cryptocurrency is Ethereum. The hashrate reduction is a solid 50%. […]

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Recently, NVidia announced in their blog that the company is implementing a new “feature” to their RTX 3060 and future cards. This new implementation will detect mining-related operations and limit the GPU resources, thus reducing mining speed.

What’s going on?

So far, the only affected cryptocurrency is Ethereum. The hashrate reduction is a solid 50%. According to NVidia, the reason for this ‘nerf’ is to decrease the demand for new-gen GPUs in the mining community, and fight the current gaming GPU shortage.

we’re taking an important step to help ensure GeForce GPUs end up in the hands of gamers.<span class="su-quote-cite"><a href="https://blogs.nvidia.com/blog/2021/02/18/geforce-cmp/" target="_blank">Nvidia</a></span>

NVidia however still wants to support the mining community. In order to do that, the company announced the NVidia CMP – a GPU-like card without any output ports designed specifically for mining GPU-minable coins.

We have already seen something similar with the Nvidia P102-100 GPUs , though never before NVidia has forced miners away from using gaming GPUs so openly.

The Downsides

As a gamer myself, I would love to see the gaming GPU shortage issue solved. In fact, the only reason I’ve got into mining a few years ago was so I could game on a high-end GPU and have it pay for itself over time.

Having gaming gear that pays for itself is any gamer’s dream. Now, do these actions by NVidia get us any closer to that dream?

The answer is probably no. Here’s why:

#1. Big Mining Facilities Will Still Deplete Gaming GPU Stocks

Some people zealously defend NVidia for its decision. What they don’t understand is that mining is a GPU sink. Big mining facilities will keep buying GPUs in bulk as long as mining is somewhat profitable.

And here’s the thing – NVidia is more than happy to supply miners with gaming GPUs.

Some of you already noticed that NVidia is using the term ‘Mining community’ a bit too vaguely, which makes some of their public statements misleading. Let me explain.

We need to understand that the mining community is comprised of two groups of people. The first group are the home miners, most of which are gamers, the ones NVidia is supposed to be defending.

The second group are the big mining facilities. They are the ones that buy most of the GPU’s and cause the gaming GPU shortage to begin with. I am talking about the multimillion companies, most of which are located in China, Iceland and other countries with free electricity. Those companies can afford to buy a big share of the available GPU stock for their farms.

If you wonder how big they are, we are talking about several companies that are worth billions of dollars that operate huge mining facilities with millions of gaming GPU’s in them.

#2 Big Mining Facilities Will Bypass the Hashrate Restrictions

NVidia stated that this hashrate limitation is implemented in the “RTX 3060 software drivers”. Thing is, custom drivers are a thing, and so are custom BIOS flashes.

Big mining companies have their own teams of IT engineers who make their own drivers for optimized mining. Only amateur miners (most of who are gamers) mine under Windows using official NVidia drivers.

This point begs a question: who will get affected by the hashrate nerf, then?

#3 Gamers Are the Only Ones Getting ‘Nerfed’ Here

Think about this: as a gamer who bought the new RTX 30xx card, you will no longer be able to mine in your spare time to make some extra money with your GPU. Not as efficiently as before anyway.

A lot of gamers are getting into mining to make up for the insanely high costs of graphic cards. Now, this alternative will become less viable.

Also, if the mining craze calms down, you might no longer have the option to go to eBay and buy a used new-gen GPU for a fraction of the price as you could back in 2019. Instead, you will have a million offers of used CMP cards you cannot use for gaming.

#4 Is Ethereum Really the Issue Here?

Another thing to consider is that NVidia is nerfing the mining hashrate of only one algorithm, which is ethash. This again rises questions on who’s going to get affected by the nerf the most. Ethereum is one of the most known coins, and it’s one of the easiest ones to mine, too. There are a lot of user-friendly miner software for the coin like CudoMiner, which makes it easier for amateurs (i.e. gamers) to get into mining.

With Ethereum mining no longer being profitable on the newest GPU’s, more experienced users will still find ways around this issue. We can always switch to non-ethash altcoins that are just a bit less profitable to mine, or use custom drivers under Linux to bypass the hashrate limitation.

The average joe however might think that GPU mining is straightforward over.

#5. NVidia’s Decision Might Affect Ethereum Decentralization

 The sole idea of GPU-minable cryptocurrencies is that anyone with a gaming GPU at home can contribute to the safety of the blockchain. This is called decentralization, and it’s is what makes cryptocurrencies so appealing. 

Obviously, the more experienced users will find their way around this issue. However, the fewer average gamers are mining the currency, the less decentralized it becomes.

On the bright side, this might open new possibilities for AMD and maybe even Intel. Besides, the GPUs we have right now will not be affected by these limitations, and they might still be profitable to mine with for a few years from now.

Will We Have Less GPU’s Now?

We are currently experiencing a global semiconductor shortage. This leads us to a question: what chips will NVidia use on their CMP’s?

First of all, developing a new chip costs hundreds of millions of dollars, so there’s little chance that NVidia will actually do that for a mining GPU. The mining scene is very unpredictable, and the insane demand in mining gear might end abruptly any day.

According to the company, they will use dice that weren’t good enough for gaming GPU’s, but that will do just fine for mining.

The chips used for CMP could not meet the specifications of GeForce and don’t impact overall GeForce capacity or availability<span class="su-quote-cite"><a href="https://www.theverge.com/circuitbreaker/2021/2/18/22290362/nvidia-will-not-reduce-3060-ti-3070-3080-3090-eth-mining" target="_blank">Nvidia</a></span>

As The Verge pointed out though, the official shot of a CMP chip looks nothing similar to that of an Ampere-based RTX 3080/3090, or the GA104 used in the RTX 3060Ti/3070. Maybe NVidia is putting old Pascal architecture chips to use.

I’m not going to speculate on whether those sub-performing dice could still be used for gaming GPU’s. I know there are a lot of talk regarding how NVidia and other companies managed to give bad dice a second life in the past. All I’m going to say is that the new CMP will not mine as fast as the RTX 30xx cards. They might however be more power-efficient.  That we will know once third-party testing becomes possible.

In Conclusion

I’m not here to bash on NVidia for their marketing decisions. The only takeaway here is that I would personally not expect this decision by NVidia to solve any issues with gaming GPU supply.

The new CMP cards might be interesting if they get sold for cheap. Just keep in mind that they have zero resale value so they still might not be the best option for home miners.

Disclaimer: This is not financial advise, I am not a financial advisor, this is for educational purposes only. If you want to invest in cryptocurrency please do your own research and invest at your own risk, 1stMiningRig is never liable for any decisions you make. 1stMiningRig may receive donations or sponsorships in association with certain content creation. 1stMiningRig may receive compensation when affiliate/referral links are used.
Thank you for reading. As always, your comments, suggestions and questions are welcome. Subscribe and stay tuned for further updates!

To receive the latest updates follow me on social media! 🙂
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The post NVidia is ‘Nerfing’ the RTX 30xx GPU’s for Ethereum Mining – It Comes with Its Downsides appeared first on 1st Mining Rig.

]]> 13904 RTX 3080 Mining Hashrate Review https://1stminingrig.com/rtx-3080-mining-hashrate-review/ Sun, 28 Feb 2021 15:03:59 +0000 https://1stminingrig.com/?p=13778

The RTX 3080 is widely praised as one of the best gaming GPU’s to the date. Not only it’s more powerful than the RTX 2080, it’s also cheaper, making it undeniable a better bang for the buck. Since the card is only a few months old, little is known about its mining performance. Luckily for […]

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