Date: Thursday , February 01, 2018
First and foremost, this story angle was pitched to us by AMD a couple weeks ago. It was no big idea of our own. You guys probably know my feelings on the whole cryptocurrency thing, and this was my initial reply to AMD asking me about looking into mining on Threadripper.
So now AMD will be selling TR direct to miners too so we can't buy those either? LOL!
I am not known in the industry as the fuzzy huggable guy you likely know me as. We have done a lot of load and stability testing on AMD's Threadriper in our Threadripper water cooling reviews, and my initial thought was mining would require so much power and be so taxing on folks systems, that I did not want HardOCP even being part of promoting AMD's latest marketing message. That said, not every marketing narrative delivered is bad, but most are. However, after stewing on it for a while, I reached back out to AMD and asked them to show me what they had, and then I could at least entertain whether the "mining on Threadripper" message was PR fact or fiction. And after playing around with Threadripper mining for a while, I have to say, it is certainly worth your consideration if you have the CPU cycles to spare.
This video will give a good overview of mining on Threadripper, and below we will give all the links you need to get mining today, which is incredibly simple.
The short of it is that our Threadripper 1950X mining Monero using the XMR-STAK mining program, only used 246 watts of power at the wall. With our GTX 1080 added into the mix, it total was only 335 watts. Before I started the testing, I expected our power usage and stress on our motherboard and other system components to to be much higher.
The load that this miner uses keeps our CPU Package Wattage down below 160 watts. Compare that with loads we see using Prime95 SmallFFT in cooler testing that reaches up to about 350 watts. My initial thoughts that mining was simply going to be too abusive for the Threadripper system was simply unfounded. In fact, that extra 200 watts package power would bring your mining profitability down to about $0.70 a day, which is not too attractive either.
As you can see, our hash rates are very impressive as well. The reason we are seeing Threadripper being so fast for CryptoNight algorithm mining is that it packs a huge 32MB of L3 cache and the mining datasets pretty much reside there.
For mining on the Threadripper to be of profitable, we simply have to be mining cryptocurrency that is worth more than our cost of electricity. CoinWarz has this simple Monero Mining Calculator and Profit Calculator that will tell you fairly quickly if this is something you should even be considering.
With the current Monero rates, and running 24/7, our Threadripper 1950X could pay for itself in about 1.5 years.
As we promised from the video, here is our screen shot of the miner running while actively watching a 4K video on Youtube.
All our testing and examples here have been based on Monero. The fact is that you can use your Threadripper to mine for cryptocurrency that can give you better rates of return. And quite frankly, I am not knowledgeable enough to be discussing those, but I was led to believe, that if you used something like NiceHash which basically rents out your mining power, it is possible to make profits up to 3X more than what we are seeing here with Monero today. Also you will want to set up a Monero wallet. The one linked here is the most popular and easy to use. Worth mentioning is that the local host daemon used in that wallet can be VERY slow to sync. I highly suggest using one of the online daemon remote nodes spelled out here. All you need to do is go into the settings menu and specify one of those nodes in the Monero GUI and specify the address and the port needed.
Of course the Cryptocurrency market is a landscape full of volatility and risk, so this may not be up your alley. However, if you feel like jumping in, there is no doubt that you can use your Threadripper to actually pay for itself. It is not a quick process, but with its lower power loads and subsequent stress on your system, the real questions are, ""Why not?" and "What do you have to lose?"
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