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My Radeon VII Mining Profits For April 2019

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Google Sheet with my Radeon 7 Profits - https://docs.google.com/spreadsheets/d/15YtB4hFCgtXdZwPn1tbacDSTyWwuWHn0bTOgshsoQ3Q/edit?usp=sharing Buy a Radeon VII Here! - https://geni.us/U3fQb Join Red Panda Mining's Discord Channel! - https://discord.gg/cJwmK7B Send Your Mining Rig Pics in Discord be featured in upcoming Community Mining Rigs Episodes! Use Brave Browser & Receive Free BAT! - https://brave.com/red713 Ledger Nano X - https://www.ledger.com?r=451b85e76a85 Buy GPU's on Amazon - https://geni.us/46Bo1 Favorite GPU For Mining: https://geni.us/MaOtD Best/Safest/Reliable Risers: https://geni.us/IYALlmg Best Motherboard for Mining IMO: https://geni.us/Z9JE4v Recommended CPU Needed: https://geni.us/c49vFP Safest RAM Needed 4-8GB: https://geni.us/dwOB Favorite PSU for Mining: https://geni.us/SqWl My Favorite Book - "The Bitcoin Standard": https://geni.us/NH5spNd Email - [email protected] Follow RedPandaMining ► Instagram - https://www.Instagram.com/RedPandaMining ► Twitch - https://www.twitch.tv/RedPandaMining ► Reddit - https://www.reddit.com/r/RedPandaMining ► Twitter - @RedPandaMining ► Discord - https://discord.gg/cJwmK7B ► Website - https://RedPandaMining.com ► Facebook - https://www.facebook.com/pg/RedPandaMiningCrypto ► Bit.Tube - https://bit.tube/RedPandaMining Disclaimer - This is not financial advice. #Bitcoin #Ethereum #Radeon7
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Text Comments (54)
PT Batmax (19 hours ago)
Hi how many w/mh ?
Bojan Stojanović (18 days ago)
It should go now over 100 with mem tweaks
Ridiculous Jatomic (19 days ago)
$1.70- $3.00 my radeon vII is pulling on nicehash
Ridiculous Jatomic (19 days ago)
Cid Sapient (29 days ago)
u might be able to force team viewer to use the cpu igpu in win 10 i do it with any desk google windows 10 gpu selection or power savings gpu selection they implemented this feature for external gpus on laptops
NOVA (1 month ago)
i now have a radeon VII too but can't get it to mine ethash under 70 degrees temperature. Do you have any advice for keeping the card cold? thanks
NOVA (1 month ago)
@Red Panda Mining so you mean point two fans blowing air directly towards the fans on the card? ( not away from the fans ? ) thanks
kahmi m (1 month ago)
Have you tried auto switch mining ? I did it a little before I stopped mining last year and it worked well, I followed this but I don't know if it's still the best way to do it : https://buyiotacryptocurrency.com/awesome-miner-mining-pool-hub-guide/
John Johnson (1 month ago)
Why you ignore cryptonight algo?
Blue Hills (1 month ago)
Is that rate for your electric in Canadian or USD? Also what is the levi and crisis fund portion of your rate? Why are they charged daily and not by kWh (is the daily fee the same even if you are using 10-100x the wattage load etc?) Been very curious of learning about how other regions rate structures work. Here in NC we have a Time of Use rate structure that charges extra for instance your total service demand load (in kW) during peak hours of the day.
Blue Hills (1 month ago)
@Red Panda Mining Doing great just finished engineering finals. Have your email? I'll send more curiosity questions about rates aha
Mike Krone (1 month ago)
Curious your thoughts on bumping my ram in my 6 Radeon VII rig up from 8 gb to 16 gb? I know 8 should normally by plenty, but with 545 hash rate, I'm wondering if it could benefit. Typically my mining rigs average below the reported hash rate, but my smaller rigs, one actually with 16 gigs of memory typically averages above the reported hash rate, where my bigger hash miners with only 8 gb fall below. That smaller rig does have a i7 processor vs Pentium G4600's in my others.
Mike Krone (1 month ago)
Using Windows 10. So far it doesn't seem to have made a difference. Actually upgraded my two biggest rigs to 16, because I bought a single 16 gb, and moved the other 8 gb to my other rig. I don't use celeron's because they are definitely too slow. Figured the pentium g4600's would be perfectly fine. Now I wonder.
Its kinda annoying mining anything other than eth on claymore. Claymore takes his fee in eth, and it takes a bunch of time to switch between epochs.
rationalityfirst (1 month ago)
There's an option to make that smoother, in case of mining ETC it can reuse the DAG and will not waste time regenerating the entire DAG file
akhtar zaman (1 month ago)
I got mine yesterday and omg it’s making £1.23 a day. The best of the rest.
Ammar Ibrahim (1 month ago)
You doing well all the best and mor success✌🏽✌🏽
HB (1 month ago)
Nice vids, if you mine XMR try teamredminer ;) But i jump from XMR to X-Cash more profit at the moment ;)
Scott Chen (1 month ago)
Its take +/-37 month to get money back $781 if you add ur w tax and all on ur electricity could be longer
Scott Chen (1 month ago)
And in first or second year the most the diff prob double or better gpu release so earning became less. Means longer
RE BLUE (1 month ago)
Red Panda, think about this: If you make around $20 per month, it's going to take over 3 years just to get your money back. I think that FPGA & ASICs killed GPU mining... Just like GPU killed CPU mining. Personally, $20 per month is not worth the hassle. Gotta put up with the noise, the heat, and then hope that the value goes up some day. I would discourage anybody to get into crypto-mining at this time. A better idea would be to take those $700 and buy the coin that you want... just an honest suggestion. On a side note, I love your videos!
Mike Krone (1 month ago)
Yeah, if the price stays the same. Would it be smarter for him to start mining when eth was at $1300? People have no vision. As far as investing it in crypto coins today, mining gives you the benefit of dollar cost averaging. If the price does nothing for 5 years, mining will net you a profit. Buying it won't. The only way you make more money buying crypto vs mining is if goes on a huge run in a short amount of time. Long term, 1 to 2+ years, mining which alllows dollar cost averaging will work out better than sinking money into buying crypto.
Daniel Larsson (1 month ago)
This is such a brilliant video in so many ways. You are killing it!
Mike Krone (1 month ago)
You have to do this scaling. I have 12 of these cards and mine almost $500 per month at current prices, after utilities I net about $250. But you have to look down the road. If crypto recovers and I am only doing this in the hope of it recovering, that $250 profit this month could be worth over $2000 if Eth gets to $800. So you may be showing a net of $20, but what you are mining now could turn into $400 per month a year from now. Would you take $400 profit per month on that card? Heck yeah! Buy/mine low and sell high people!
Mike Krone (1 month ago)
Mining is dying....lol! As far as my investment in Radeon VII's, I sold and converted more than 1/2 my cards to buy the Radeon's. I did pay some out of pocket, but not knowing when or even if crypto was going to recover, I'd rather dollar cost average over time. If it took 3 years, I would have mined a ton of coins and made out far better then sinking my money into coins. As it stands, yes, buying coins would have worked out better at this point, but no one knows the future. I can continue mining and if this bull run lasts 18 months or longer, I know mining will have been the bigger payoff and I also have an asset that I can sell in the hardware. I can turn around and sell those $700 cards for at least $600 on Ebay right now. And if crypto does another double from here, I could sell them for more than I paid for them and still have the coins I mined in that time.
Justin (1 month ago)
or you could of bought coin and held it. $699 vega 7 price x 12 = $8388. had you of bought bitcoin you would of made huge gains. mining is dying. buy coin
Mike Krone (1 month ago)
Yep. I've moved money between coins, but I have yet to cash out a single $. With Eth still low, I mine more coin than if it was at $800, so as long as it eventually goes to $800 or higher, staying low now is actually a great thing. It'll be funny how many people will rush in and switch on their machines after the move and try to make some money, when they should have been mining this whole time.
Clarence W (1 month ago)
Staking is the best option I think. I'm looking forward to my 6 month stake on a few thousand dollars worth of CLO. Still mining ETC of course! Oh yes, almost forgot... #HODL!!!
Splash _CSC (1 month ago)
Buddy? Its gonna take several years to ay fo that card! If ever possible! :( Don't think I ever saw ya on cam dude? I wannna see whatcha look like! Have a good one! Happy mining to ya!
oz713 (1 month ago)
Keep up the good work 👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼
Jonathan Pollock (1 month ago)
If you want XMR try setting XMR payout on Betterhash mine and wait 24hrs for result or mine ETH or ETC on cuda miner payout to XMR. Also I found this pool - http://zergpool.com/ - ZERGPOOL MINING - multialgo, multicoin, ((( autoexchange pool ))), BTC/LTC payouts + other coin exchange payouts.
Budget Gamerz (1 month ago)
Nice video
Jonathan Pollock (1 month ago)
Should have mined RVN on Cudominer and ETC on Betterhash (no miner fees) sold at the highs and bought ZEL to make a masternode. For some reason those one click miners gain more hash-rate and are cooler on the cards and less hassle to run.
Mike Krone (1 month ago)
I keep kicking myself for not being in mining Eth Jan 2017 when it was $10/coin and a year later hit $1300. Imagine having 500 Mh/s back then mining 20+ coins a month and then cashing out near the peak. Hindsight can always make you kick yourself, but I don't see any advantage with those 1-click miners. They have to be grabbing more profit from people than running scripts like claymore. People complain about the 1% fee with those. I bet the GUI interface miners are taking a bigger chunk even if they aren't telling you they are.
Daniel Larsson (1 month ago)
Yeah, but with hindsight being 20/20 I think the REAL gain would be to have bought BTC at $0.55 when it flash-crashed from $2 back in the 'there is only one exchange and its basically a geocities hack' days.
Mike Krone (1 month ago)
Not. I tried one of the '1-click miners' with one of my rigs and hash rate was about 100 below running claymore 12. Also I tried mining ravencoin and it was less return than mining eth with my Radeon VII's and this was a few weeks ago when Ravencoin was near it's peak. Since then ravencoin has dropped from .07 to .05, a much bigger drop than most alts.
Memeong Youtube (1 month ago)
U use what.s pools ?
Kyle Ledyard (1 month ago)
Great info. Super helpful. It would be nice to know your long term outlook on mining since you obviously believe that it’s worth it to make a $0.50 day per GPU. I lost a lot of interest when it went below $1 per gpu on my best gpu’s ... still have a rig though
Mike Krone (1 month ago)
If you're going to do more than 2 Radeon VII's in a rig make sure your MB will support it. I switched to ASUS B250 Mining MB's because my A270's could only see 2.
Kyle Ledyard (1 month ago)
Mike Krone I like your perspective. Thinking about a Radeon XII rig and have the opportunity to move my rigs to a better location to hopefully add a few gpu’s again.
Mike Krone (1 month ago)
Hell yes! Do you buy stock when they are at all time highs, or near their lows? If you have no faith that crypto will recover, then stay out, but if you think it will, why wouldn't you be buying or mining the last 6 months? Certainly better than doing it January 2018. I tripled my hashrate in the last 2 months and the Radeon VII's get more than 50% more MH/watt than the 1070's and 1080 ti's I replaced. I currently break even on electric around $70 Eth and if crypto does take off again, I'll be in incredible shape at the time you decide to turn your old machines back on.
Scott Chen (1 month ago)
@Mike Krone wow u still buying gpu ? All my rig off
Mike Krone (1 month ago)
That's why I switched most of my GPU's over to the Radeon VII's. I get 50% more efficiency for MH/watt and I mine 90 MH/s per slot. One of my rigs with 6 Radeon VII's does 542 MH/s. That is huge for just a single 6 card rig.
MK4Cryptos (1 month ago)
Thx for statistics it's good you collect them so we can also see how realy good ist this GPU. J cant wait to see how its go with XMR. 👍 Thumbs up !!!
Kickin Blocks (1 month ago)
Thanks for the update Red Panda! Looking forward to the next one. I just received my radeon VII yesterday, so will be firing it up this weekend. I have been mining ETC for close to a year.
Broke Miner (1 month ago)
Wow your at 11 or .12 kw. Just as well shipp all those miners down to me. I’m under .05. Ill will just collect that .06 your throwing away. 😁
Broke Miner (1 month ago)
Red Panda Mining Must of read your chart wrong. Looked like I added 3 things together to get your rate.
Scott Chen (1 month ago)
@Red Panda Mining a day?
Broke Miner (1 month ago)
Way off on Callisto it was around about 3% a month but it’s dropping. Plus they are changing payouts soon. That will lower it more yet.
William (1 month ago)
If you're hodling you should show an adjusted profit for previous months to show what those coins are currently worth vs value at the time of mining
TONI WICK (1 month ago)
molia_76 (1 month ago)
U can stake CLO only on coinomi wallet? can u make a short video or put it on next video? Or a video with all coins that we can stake and how to stake them? Thanks.
molia_76 (1 month ago)
@Jason thanks
Jason (1 month ago)
You can stake CLO from Callisto web wallet or desktop wallet. Their website has several Youtube videos on it. Hope this helps.

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