Title: Am I correct in the financial calculations of $0.70 a month?? Post by: jjn00711 on November 16, 2015, 06:36:52 AM Am I correct that my hardware is only going to mine $0.70 per month?!
I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure?? :-\ Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: shorena on November 16, 2015, 07:00:49 AM Am I correct that my hardware is only going to mine $0.70 per month?! I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure?? :-\ Not sure about the exact number, but yes GPU mining is not profitable anymore. Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: favdesu on November 16, 2015, 07:16:22 AM you'll pay much more for electricity than you make, that's for sure.
your only chance is to mine a completely new coin at start and hope it'll hit some value to get you in profit... Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: Amph on November 16, 2015, 07:29:49 AM take a look at altcoin, i think you're able to squeeze more, and earn $1 a day at best
but you need to indentify the correct altcoin, it's a bit time consuming Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: BTCish on November 16, 2015, 07:54:13 AM With gpu you can only look at altcoin direction. How many Mh/s you are getting from it in BTC mining ?
Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: QuintLeo on November 16, 2015, 08:47:57 AM There has been zero chance to turn a profit doing GPU mining of SHA256 (Bitcoin etc) for a few years.
There has been zero chance to turn a profit doing GPU mining of Scrypt coins (Litecoin etc) for a couple years. Other altcloins might be profitable to mine with a GPU, but count on an RoI measured in years at best. Dash is usually a good bet on that, others vary a lot more. Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: Mickeyb on November 16, 2015, 10:17:51 AM Am I correct that my hardware is only going to mine $0.70 per month?! I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure?? :-\ I suggest that you quit mining altogether, you build up your activity on the forum and you enroll into a signature campaign. You will earn much more and you won't have a headache anymore about the profitability and constant changes in mining world! Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: BTCish on November 16, 2015, 03:01:38 PM Try altcoins and let us know how much can you squeze out from that 980ti
Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: ShrykeZ on November 16, 2015, 06:44:10 PM As those have said before me, you'll only profit from certain Altcoins, I recommend you avoid SHA-256 and Scrypt based coins due to ASICs.
As that is a high end nVidia card, ccMiner should give you a decent enough hash rate to possibly earn a bit of profit. Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: fr4nkthetank on November 16, 2015, 06:48:37 PM I would suggest to go to nicehash and set up your card to mine on different algorithms. you might get 1$ a day or something, but check out you know, x11, x13, etc. there are many algos now. forget scrypt, forget sha.
Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: gkv9 on November 17, 2015, 12:24:39 PM GPUs won't be profitable at all if you wish to mine Bitcoins itself, but if you can go for different coins with different algorithms, you might see even more than $10 if the value of that coin reaches 10x based on what you are expecting from it...
Title: Re: Am I correct in the financial calculations of $0.70 a month?? Post by: notlist3d on November 17, 2015, 04:38:04 PM Am I correct that my hardware is only going to mine $0.70 per month?! it was right because difficulty more difficult even your Gpu 980TI if you mine bitcoin.I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure?? :-\ I advice you better mine alt-coin which is still profitable, profit from mine alt-coin is more than $0.70US/months. :D Can you point to some examples of say .10 cents electricity (normalish) and brings a decent profit? Any mining you do with GPU would be altcoin as bitcoin it would be doing nothing but dust. I just don't see GPU altcoins being profitable anymore. And if you do make a profit I don't see it ROI'ing on a card I think you will make less the card cost's. |