I got one of these cheap RX580s in 2019, and, after not really using it for much, proceeded to use it to mine ETH throughout 2021. I was shocked that such an affordable GPU could mine (somewhat) profitably; I did the math, and it seemed like the card would pay for itself if I mined for a few months.
...and then I discovered US crypto taxes, which triggered on every single incremental payout from the mining pool I used (NiceHash). Taxes completely wiped out my mining profits. And now after the merge it won't be profitable to mine ETH again anyway. :/
I'm now trying to get the card to run Stable Diffusion, and I'm having a terrible time with that too, since it's just old enough to not support the latest Linux ROCm driver.
...and then I discovered US crypto taxes, which triggered on every single incremental payout from the mining pool I used (NiceHash). Taxes completely wiped out my mining profits. And now after the merge it won't be profitable to mine ETH again anyway. :/
I'm now trying to get the card to run Stable Diffusion, and I'm having a terrible time with that too, since it's just old enough to not support the latest Linux ROCm driver.