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Experiment in TON mining

Posted: Tue Oct 05, 2021 3:53 am
by Arnobeek
Hi

I want to share some promising findings. Two weeks ago I heard about the TON network (ton.org) which was dead I suppose. It had issues with the SEC like 2 years ago but survived somehow.

They are already listed on Uniswap V2/3 and have a page on coinmarketcap. But most interesting is mining on this blockchain network.

I have mining rigs (5x4x3090 + 12x8x1080) mostly on eth mining.
Avg income on 3090 is $6-6.50 per day ($42-45 per week per GPU unit), on 1080 around $2 per day ($14 per week).

I tried to mine TON. This is kinda a pain in ass because they do not have hiveOS support, but in manual mode it works.

TON Test 1

Duration: 7 days
HW: 4 x 3090
Mined: 2400 TON coins
Profit:
Total: ~$1440
per GPU: $360.00
per day: $206.00
per day per GPU: $51.50

(ETH total same rig same duration: $173.60)

TON Test 2

Duration: 7 days
HW: 8 x 1080
Mined: 900 TON coins
Profit:
Total: ~$630
per GPU: $78.75
per day: $90.00
per day per GPU: $11.25

(ETH total same rig same duration: $110.30)

Looks much better than Ethereum, but you have to install clean Ubuntu 18.04 on each rig and make some scripts for mining. Not a big deal actually.

I plan to re-setup the whole farm for TON obviously. What do you think about this, guys?

Re: Experiment in TON mining

Posted: Tue Oct 05, 2021 12:20 pm
by Mastermind007
I do not know much about TON but looking at your numbers it seems profitable for you.
So long as you have a way to trade/exchange to something mainstream. Don't want to be stuck with a TON of TON (Sorry, bad joke but I had to do it) with now way to get rid of it.

Thanks for sharing your findings.

Re: Experiment in TON mining

Posted: Mon Oct 11, 2021 2:52 am
by Arnobeek
Thanks for your feedback. Hope my post is helpful to someone.

Re: Experiment in TON mining

Posted: Fri Oct 15, 2021 4:41 am
by Arnobeek
It has been and remains profitable as long as mining is available. Soon the possibility may just disappear because right now it remains ~74M coins available to mining.

There is an interesting situation with TON mining, btw. They use POS and POW at the same time.

PoS is used as the backbone of the blockchain, while PoW is only used as a way to distribute coins. That is, when over time the givers (smart contracts from which the miners mine) become empty, only PoS will remain, i.e. validators. For a validator, a stake is ~300 or 500K coins - this is really a lot. Therefore, while mining is available, so it's at least interesting to get some tokens.