Bitcoin Forum

Hello,

I been away for along time, so much is changed and there is a lot of coin to choose from.

I'm looking for a promising and profitable coins, what do you recommend based on what you're mining/using?

I mine Ethereum. the price is quite high, so it is profitable. The volume is very large in Poloniex, so I can sell it easily.

Thank you, is there cloud mining for Ethereum?

The genesis mining sells 100MH/s for $4400. That was an increase from $1700 previously. I think it is quite expensive.

Etherum with R9 390 (31MH/s) and 7970 Lighting at 25MH/s, solid enough.

How much does this get you in terms of dollars per hour?

I just did an estimate for my GPU: 0.20 dollar per year if I mine bitcoin.

I derped with the ghs. I get about $ 11-12 a day

That is very fast for the 7970 at 25 MHz/s. Does it have modified BIOS to reduce the memory timing? Usually it is just 23-24MH/s.

No. Clocked to 1150/1600 (Lighting)

Hi Snrs, i'm newbie and i signed up for this forum so i could know more about btc. Could guys pls teach me how to do the mining thing. thx

I prefer cloud mining if there is with reasonable price.

you need a good gpu 280x or 970 or the new fury from amd, if you want a cheap gpu you can buy the r9 370s
then you need a miner, you can search here for the etheruem miner, and then poin it at one pool, i suggest supernova, dwarf is holding 51%

The new R9 nano is the most efficient card. But it is too expensive. But the resell value is also higher.

Thanks for the info but how much does the R9 Nano cost and how would I do the pool. Besides, can't I be the my miner by myself since I have the time and I will also need you to explain it all to me to my understanding

The R9 nano costs about $530. The ROI is much longer than R9 390.

Ok..I don't know much about mining but I was once told that if there is no mining that's the end of Btc. How do the whole mining thing works and how much can someone earn in one hour?

That's a bit of a loaded question, you need to do some research as there is no proper answer.  Mining is pretty simple, it is just everyone's quest to find the next block that contains all the current transactions to be included on the block chain (see ledger).  If you find that block then you are rewarded with coins and all the transaction fees associated with it, each coin is unique to the reward.

How much per hour?  Jeese look up hash rates of asic miners, gpu cards (for altcoins) and find a profit calculator, subtract electric and thats how much.

If mining stop then the coin dies, no miners.. no transactions , thats it finished.  Mining will continue until it is no longer profitable, with bitcoin there are entire warehouses dedicated to it.

you don't mine bitcoin anymore, only chinese giant farm mine it, because they have plenty of money to buy asic, you mine with your gpu altcoin and dump for bitcoin, doing this will guarantee a better profit than mining bitcoin with asic

Alright.. Thanks for the info and i want you to know that i dont know much about mining with R9nano or with GPU altcoin. So, i will be glad if you can explain to me in details

R9 nano is very efficient. But the cost is much higher.

The R9 390 could be a good compromise. It is GCN 1.1 and Opcl 2.0. So it is similar to R9 Fury, which is 1.2 and 2.0

I think ethereum is still most profitable for GPU and HOdlcoin is the most profitable for CPU, I'm mining those two currently.

I'm mining Ethereum, the price is very nice and the volume too, it's easy to mine and i didn't pay eletricit

Well bitcoin still and have been using my old USB sticks to mine doge.  Just started mining hodl and decred a day and a half ago.

Is hold or decred very profitable or as profitable as the Ethereum mining. If so, I will some of those coins.

It nice to hear tht from you. I also want to mine but I don't have experience and how it all works. I will need you to please explain how I can mine Ethereum

If you search the forum you will find many tutorials. These materials are very useful for the mining of Etheruem.

Alright. Could you please help me out the link to those tutorial or tell me how I would get to the right tutorial. Thanks

Still looking guys  ;D

I mining Decred, i think this good choice for gpu mining.

Ok. Does it acquirer buying of tools?

I would like to start mining but I have no where to start could you help me?

No, I'm not actually mining too often. The only time I do is when it's gotten to a point where I am in dire need of some extra holding coins. As of now, I find this time to be mining season so to speak, but I'm simply just not interested in doing it at this time.

I am mining #BCN, #ETH and #LTC by GPU...

This links can help you...
Everything you need to know about #Bitcoin mining (https://www.bitcoinmining.com/)

This video can help you to mine #ETH.. If you have a good GPU...
How to Mine #Ethereum on a Windows PC -- 6 Steps (https://www.youtube.com/watch?v=IKtwSH6inBs)
By #Amanda_B_Johnson

Ethereum currently, it is still the best alt coin to mine at present but all these people and company's mining it are really hurting the profit.  I looked into decred and mined it for a bit but there is beginning to get a lot of hash there as well and profit is not that great with the falling price.

#yubsep
Thanks a lot for the information. Please all y'all that know how to mine pls I need your help cos I'm inexperience in mine and I would love to mine someday.

I do CPU and GPU mining at the same time. I have an old separate rig for that, not that powerful but still ok on alts. I mine via NiceHash pool as it has multi-algo changer. Although not powerful, I still got at least 300K+ to 400K+ sato a day.

The price of Ethereum is also falling. It seems that the Ethereum mania has die out to lower levels.

Well, Use MineHash for get money, and try to mine RoxoCoin in a pool too

Ok and like how many hours do you spent mining that?

Could you guys explain what GPU/CPU/MINEHASH is and how it works?

I spent 24 hours a day, uninterrupted mining. But getting $1 to $2 a day in mining is not much profitable unless you are using a second hand hardware and a free electricity. But it helps me to prevent using faucets.

I mine Ethereum at the moment. But day after day, it becomes less profitable to mine as the price drops.

That mean is not profitable. Could teach me anyway cos sooner or later it might be profitable again

If you have a good graphics card, it is still profitable to mine the Ethereum. But the Ethereum price is dropping.

Ok. Did they sell graphic card in market or I have to download and install it?

You can the graphics from shops, then you build the mining rig with the power graphics and mine.

Ok but i'm inexperience and i dont how i will do that. Could tell me the shop and how i will build the mining rig with the graphics

There are many online shops or the PC world shops sell the cards. But the most profitable coin Ethereum is less profitable now.

I'm mining 1Mh/s in scrypt (I'm not getting profit, It's just for fun) And 3 MH/s of x11 in nicehash

If you do not for fun, why not mining Decred or Ethereum, that is more fun and can even make you some profit.

Because Scrypt rig (ASIC) is 24/7 but the gpu x11 rig is only the time that i`m using the pc so... i think it wont give me any profit

Ok and thank you. How much does it cost to get the card?

It depends but you can get a refirbished one for lower price and its worth it.. check gpushack

I've started mining CURE coin. I already have nearly 100,000,000 folding points, so I thought I might as well continue contributing to F@H and make a few pennies. I'm making about $2.00 a day with my 980 Sli and i7-5820K.

I get free electricity so, you know, YOLO. The cool thing about it is that you can also mine it too, so I got a little Rockminer hashing away getting 2 cure coins a day. At the end of the week I just go to an exchange and sell them for BTC

Are you really getting 2$ a day with CPU mining?

he said with 2 980 plus i7 not only the i7, so $2 for all that is even low profitability

The purpose of his mining is not to make profit. He just wants to contribute to the healthcare of human being.

I will do appreciate it if you guys could really teach me how to mine cos all my effort trying to learn mining come to nought. Besides, when you guys said the word CPU, are you talking about Computer Processing Unit?

I know the best cloud mining option for Ethereum (they have the best prices)
If someone is interested send me  PM and I will reply with the link.

Ethereum is improving rapidly, but be careful with scammers/doublers because they are now targeting Eth coins.

This is a real mining location, real people, real equipment.
100% trusted

The Genesis mining has the real equipment. But we do not know if they have enough to support all the mining hashing.

The problem about eth is that is becoming non profitable very very fast... I would not invest in cloud eth mining now

If you invest in cloud mining when the price was $1799/100 MH/s, you might make some money, but not now.

So difficulty is rising so fast now. Even if you build your own rig, you might not ROI in the future.

I would love to participate though I'm in experience about mining but I need you guys to teach how to do the own thing. Could you pls?

You can search the forum about the teaching of mining. There are plenty in this forum and the internet.

There are quite a lot of information in the altcoin mining subforum. If you ask some questions, people will answer you.

for tangible profit i would make forge of many asics otherwise its wasting time

That is right. We the home miners can only make some profit by using the GPU based miners. ASIC are for farms.

I think that DGB gives a good profit, at least with me. The profit/electricity-costs is a factor 4 for me at this moment. I live in France and have cheap electricity about $0,12/kWh

Which algorithm of the Digibyte do you mine? Do you use GPU or other ASIC. Your electricity price is low.

Yes, that's correct but I was told I will have up to 800-1000USD to buy software if I want the mining to be profit and I can afford that now, not when I'm jobless. So, I'm looking a means for a profitable mining which I won't have to spend than electricity/internet bill.

I mine 50% ethereum and 50% BTC. I convert my ether into BTC anyways.

The only software you need to buy is the Windows operating system. All other software is almost free.

How much have you spend on mining in the past year, and how much did you get out of it? Do you make a profit?

For me, I spent around $10,000 to buy the GPU and pay for the electricity. I made about $5000. That is mainly because of Ethereum.

Without Ethereum, the GPU mining profit is marginal, ie there is no ROI.

What is the next big altcoin to mine for us?

feathercoin is profitable, on par with ethereum some times

Yea sometimes if the price pumps but most days you only earn maybe half what you would in ether.  Ether profit is shrinking daily but its still the most profitable followed up by decred and probably dgb or feathercoin.  I wish the market was better but there is just so much competition  even shitcoins are mined to death in hopes of those riches.  Altho shitcoin mining CAN pan out if it is shitty enough few want to mine it then you can dump when it hits the exchange.  I did that with darklisk and made 5 times what I would mining ether during the time period I mined it.

What is the next big altcoin?  Well which altcoin has the most potential to succeed that is asic resistant.  

My crystal ball is broken

Do you did that without the using of any software and is it profitable?

i'm trying to mine something else, like loco for now it may be profitable with a pump, ethereum is still the perfect choice for miners, i don't know why more don't mine ethereum, because is the most profitable yet

Ethereum gives me constant cash flow. It is profitable for now. But its difficulty is rising fast. It might not be profitable for me in the future.

After reading the comments, looks like Ethereum is the best one for now.

So far, the Etheruem is the most profitable usually. some times, an altcoin will be pumped, it is more profitable.

Also KNC Titan(s) are still doing great with LTC. But it is a hard 'Unicorn Hunt' to find one at a price that makes any sense. With halving coming up that makes also such
purchases at current Ebay prices 'iffy' imho also :(

Etherium makes sense yet for a kinda 'hobby miner' ie at the end of it all and if you convert Ethereum to BTC  ..you likely "yet"

would get your card paid for ..for mining it 4 or more months (or look at it as less and a discount on your GPU card)

anyway bout it now imho :)

Any recommendations for 4x7950 rig?

Last time I mined was in April 2013. Should I still stick with Scrypt coins?

no lol scrypt is doomed for gpu the same as sha and now x11 , but not completely, better to focus on ethereum and similar or quark, but the 7950 have only 3g so it may suffer a bit on ethereum

You can mine Etheruem with the 7950. It is not very efficient as it has only 3GB video memory. But it still works.

Efficiency doesn't change whether its 2GB/3GB/4GB/8GB.

i think he mean hashrate, with 2gb you have very low hash now on those old cards, not worth it, and if the hash is lower the consumtion remain high so it's bad

For my 7970, the hash rate drops every DAG file change. For my R9 390 and Nano, the hash rate is the same.

So for Ethereum mining, it is better to sell the 280x or early cards and buy the 390 or later graphics cards.

Depends I'd guess on WHEN they are going to go to a POS coin. Any info on when that may be (hints by ethereum devs/etc)

me...if I was them I'd let this pow hype for for 12 months more plus ...seems to work for them

(have zip in ethereum ..ie missed boat) :( Just commenting from the 'Bleachers') :)

PoW can maintain the price more than the PoS. So they should let the PoW continue after most of the GPU cards do not work.

It cost more to mine the PoW coins than the PoS coin, so miners will not sell below their mining cost.

I spent £2k on one recently, seems a good investment, I will ROI in 6 months with the hashrate it is giving me.

I need to 'split' more of these deals on ebay with paypal and credit card protection ..and yeah they mine full out and they were NEW Titan Nov 2014 units....(really!)

Even the 'supposed' dead cube works....

https://bitcointalk.org/index.php?topic=1423042.msg14395660#msg14395660 (https://bitcointalk.org/index.php?topic=1423042.msg14395660#msg14395660)

Got to be corporation who pulled these for the class action and losing is my 'only' explanation...the guy in question did not seem to know zip ...probably just told

by a biz/corp to move it ..so they can recoup their lawyers (1.5k non refundable on loss) and the 3.5k plus is paid to knc for claims/legal fees cause they win.

I mean I hear 'rumors' that knc is going thru the individual cases in Swedish Class action with Judge one by one on the class action (how it is done in Sweden) and winning...and this 'pops up' seems damn likely imho. The timing seems right. Also heard of another few cubes going 1 x 1 recently too ..same kinda thing...new and unused but parted out.

Have not have anyone fess up that they got took by KNC and lawyers for an extra 5k or so......yet :( To confirm such  that is.... but then again I'd probably not confess to 'losing'
another 5k to KNC on the loss like this either.

Anyway this may go down as my best ever deal lifetime for eBay score EVER!   Again this was split with a buddy. I got one of the 2 (new) Titans for $1,750 usd
(not like it is a big secret ...from eBay sold link..for everyone to see.......but then again still kinda shocked it was not a box of rocks   :)

Pays to be dumb and lucky sometimes (its a skill) :) And you got to love that credit card and PayPal protection on eBay....even if it had turned out to be a 'box of rocks' :)

A new more efficient litecoin miner will be marketed very soon. So your ROI time could be longer.

 Should stay profitable for a while, but it comes down to how many A4 units Innosilicon sells over that 6 month period (they SHOULD start arriving next month for the "Partners" it appears) and if the Alcheminer folks get their Scrypt-2 project running by then.

 The other part to worry about on the Titans is that they are notorious for random cores dying, though MOST of the infant mortality problems with them should have gotten weeded out by now.

I don't know because of the halving but i have only Scrypt ASIC so half of my power is mining in NiceHash getting BTC and the other half is mining LTC

So what is the best GPUs are to purchase for ethereum mining, how much time is left to mine ethereum?

There was a plan to transfer to PoS early next year, but it is delayed. So we may have a year to mine. The best card to mine is AMD R9 nano. but it is expensive.

Mining LTC. Eguip (Titans ...I got a 3rd one) will be ROI'd in 1 month (I lost 5 weeks in LTC to get 3rd Titan)

currently with all Titans mining LTC at 1000mh and some change ..14c kwh at 4100 watts. Below calc using 4.05 usd LTC.

free calc to all

www.litecoinpool.org/calc (http://www.litecoinpool.org/calc)

I get this

30 days   313.00488281 LTC   1267.67 USD Total  413.28 USD Electric  854.39 USD Profit after Electric

So it still works IF you can find a Titan and IF you can keep the hamsters happy on the little wheel that makes it go round and round :)

nano, 390 or 970, all second hand, do not purchase new stuff now, or you would lose a great value on resell

because new gpu are coming, price would probably be cut in half

how about 2nd 7990 or 7950 ? i found very cheap price but the guarantee is over. only personal guarantee for 7days

I make double that  profit with 320 mhs (2x6gpu rigs R9-390s) on eth and it only costs me 2600 watts of power

I don't disagree...but in my case I've ROI'd on all (but the month loss to pay for the 3rd one ..hardly an issue in that it is just time lost for increasing my hash by 1/3)

So yeah ..IF you have the old GPU cards you could not part with you are doing as well or better because my titan cubes will go doorstop eventually...but again up till
this last titan i just got was ROI'd (lost a month in time) and if you have old GPU rigs you could not part with also instant roi ..if you dig them out and do ethereum.

you supposedly can still get some $$$ for the gpu's at end of life of ethereum mining too boot...not so for titan cubes..ie 'doorstops'

AND IF YOU MUST MINE (ie addicted like me) you can mine ethereum with GPU's you buy and at worst if you got 1 gpu and it went to pos coin in 3 months at least
you could say you got the GPU to game with for 1/3 off from your efforts..more cards more risk ..but likely anyone gpu mining ethereum now would likely get their
gpu cards (no matter the number....er say 6) back to pay for themselves ...beyond that amount could get iffy on when the ethereum folk go pos coin

But yeah 1 GPU card for the price NOW ..say r9-390's probably goes for the same price as a ONE Titan cube (assuming you have the rest to run it) and makes
probably 2x the $$$ at same power...(remember I'm doing 700mh at 4100watts vs you at almost the equiv getting say 4900 watts or some such it would be?)

But have been telling folk if they need to mine the GPU card with ethereum is less risk at this point in time UNLESS they (with my advice) can hack together
a used knc 4/6port card ..get a clone titan bridge..and a pi (hacked controller 225 vs 550 usd on ebay) and a cube at say 450 bucks)..the only advantage to that
is to add cubes...

but much easier to run a GPU rig 1 card at a time then chuck out 2.5k for a titan used (i tripped over a new unused titan for 1,750 usd on ebay....probably a corp
loss due to the knc class action ..ie never used on the misguided belief it would help their class action) ...but again it is different a FLUKE.... IF you have titan units and get
parts or stuff bit by bit you can keep going ..vs a GPU card setup and ethereum with the warranty on the card (new) and same result $$ wise at the end of the day

again all above depends on where you started from in all this ..ie got or want GPU cards (safe warranty) or if you have /got Titans used at a good price or still
minng them from 2014...

this may change with summer and btc halving (and ltc following btc in a yoshi like manner in price)

I expect 'cheaper' titan equip prices .this summer due to heat ...so GPU prices and Titan prices may just meet in the middle by about august.depending on how the halving shakes out

but really....unless you need the gpu's in the future for game rigs and/or the time...a person should probably just 'attic mine' you sell crap from your attic on ebay and
put it into the crypto of your choice....that is likely the only sensible home mining left..(again unless you need or have gpu cards in attic ..then ethereum works 2nd best)

me I'm running 3rd on the above..but hey 19 months and still going with the above $$$ and such can't complain :)

(I too should put up a small gpu rig but lack the time...and the hamsters in the Titans would get prissy and stop running in their hamster wheels in spite I'm afraid..they
are KNC products don't ya know and thus "EVIL"....) :)

 If you got a Titan for under $1400 with all cubes working, that's VERY impressive - they're normally about 2-3 times that.

 *BUT*

 Don't count the output of ALL your Titans as how long that ONE will ROI - you have to count *IT'S* output only for a fair ROI calculation.


 Or are you saying that's what you earn in 30 days, *NOT* that's how long you expect to ROI your new Titan in?

i have PSU 700watt 80+
can i use 3x R380x or 2x R380x with 1x hd7950 ?

You need to undervolt these cards. For the 7950, if you change the voltage to 1.1V or lower, no problem.

You can mine anything as long as you choose the right pools since there are pools that steal your shares easily without you ever knowing it.
And how do you know what coin to mine? just look to see if 5 most viable and trustworthy exchange sites are trading those coins or not.
Also you need at least 3 coins to mine same time to diversify.

For me, I only mine the most profitable coins and then sell them for bitcoin. At present, I mine Ethereum.

Yeah you are right except I have other "angles' on the Titan in addition to ROI

1) I have 14c kwh which will change now for 6 months (June to Dec) to 14c kwh summer electric rates...THUS with at 10c kwh this last winter before things went nuts in LTC price etc and other titans etc ..was the good (now great) odds I can mine at that 10c kwh start of  2017...ie last year at 2900 watts or so at 700mh I heated 85% of my 3 bedroom 1920 sq ft
3 bedroom house with the Titans...and again the above 4c decrease in costs in electric...thus HOW I planned on at 14c kwh to 'outlast' all those Titans you will see (hear that sucking sound) as they are sold this Summer (or maybe not at these prices) due to HEAT and like folk have said are 19 months old...as all them asic's at 14c kwh go to Texas (4c kwh) or Oregon (3c kwh) or overseas to china 1.5c kwh....thus want to be last man standing in Midwest....before the Titans also become 'doorstops'

2) I keep falling into cheap equipment (new Nov 2014 Titan ..ie ie a gift from the asic gods with the 75 bucks of my share of shipping for total at $1,825 bucks ..new works full out)

3) I have 19 months of experience in running these beasts and access to other experts THUS if I do have problems (see above 19 months used) it is better  (now before it was 50/50) to get it fixed at about 3 out of 4 odds imho. Also I can tell anyone who wants how to build their own titan controller (assuming you can find a cube or two) for around 225 bucks..vs the 500 to 600 a Titan board goes for on eBay ...ie see Swedish asic miner thread in search). Also titan owners left on their own now have 3rd party firmware (gen tarkin software) that I'd put up against any asic firmware and also lightfoot on this thread seems to fix just about anything you throw at him for a modest fee and if he can't fix it he does not charge you..that stacks up in my case with EXISTING ROI equipment to a pretty good deal almost as good as a  'repeat' 90 day plus warranty...imho

So the way I look at the 3rd Titan is ALL my mining can pay for it in 5 weeks..thus I LOST 5 weeks of mining to increase my hash rate by a bit..... almost 1/3 (from 700mh to 1000mh conservatively..maybe 1025mh in reality)

yeah its 'mind game' way to look at the above...but in the example of the heating of house (now electric heat from miners) vs gas my BUDGET on gas (goes yearly month by month) has dropped 45 bucks a month so that is equiv to $540 bucks in REAL $$$ for the yearly Gas budget. Add to the fact the 10c kwh from 14c kwh savings on electric for 6 months to 10c kwh that is another PER MONTH for 6 months savings on my 4100 watt miners of $118.08 at that 4c savings or for the 6 months of 708.48 over my PREVIOUS YEAR(s) at 14c kwh or there abouts...thus kinda/sorta looking at at (for the year) a savings of both on 12 months ...above and beyond expected in real $$$ of $1,248.48 (above my prev gas and solid 14c kwh year round in 2015) an almost even 25% savings I'm LOOKING FORWARD to in 2016 in real expenses ....not to mention halving is coming and price may go up too boot....this is using  current
4.28 ltc price etc for the above

So R0I on the above eBay purchase at $1,825 above is below using the litecoin calculator (free for anyone to use) from litecoinpool using 325mh (does a bit more) but say 325mh
at 1150 watts (tarky titan firmware and being repasted/3000 vs 2000 rpm fan/heatsinks on dc/dc and maxumark X bracket improvement)

www.litecoinpool.org/calc (http://www.litecoinpool.org/calc)

I get the below

30 days   101.72658691 LTC   435.39 USD   Total   115.92 USD electric use  319.47 USD Profit per month at current 4.28 ltc and 1150 watts at current 14c kwh and current difficulty

5.71 months to ROI ...BUT I also mod'd the cubes/fan etc....say 6 months at these prices

so as you can see above everything is working out so well it is making me nervous....my mine thru winter angle is looking pretty good now even with difficulty rises if price continues to creep up as well..even better

ON THE OTHER HAND

that same amount of $$$ in GPU's and an ethereum RIG COULD do better for those of you with NO equipment who want to home mine..to be fair...the dangers of that is
when will the coin go pos...but hey you can sell the gpu's after the fact at least..at one point around 14 bucks per ethereum I think it was you could get 2x the price
out of a GPU for 1/2 the price of a 'legit priced' Titan Cube alone....

again I am in the 'situation' in that i keep bag'ing unicorns in the equip price hunts.....mainly due to 'panic' sales (march 2015 panic full titan with shipping $569 and this last one
probably a panic sale of a corp unit to pay the knc class action that was recently lost)

Also IF I ONLY HAD my original 10,131.80 4 months late the firmware did not work from knc for another 3-4 months Titan...I MIGHT HAVE ROI'd with my current winter heating the
house trick sometime in 2017.....so yeah.....if you go big or go asic at this point in time it is unicorn hunts imho or GPU and ethereum....

again imho you are better off buyng coin

as an example I got 1 BTC worth of LISK (6,039 lisk with bonus) at a buy it price of $415 btc...that today (on paper) is now worth 6 BTC

er somehow I think that perhaps I'm missing yet better ways to make BTC then heating my house..but you do what you know or where you started from (ride this horse till it dies kinda thing)

So anyway ...I can look at it in 2 ways say 8 months if difficulty pops and price stays the same for LTC and/or I lost 5 weeks mining to keep the hamsters in the hamster wheels turning to keep the titans to heat the house etc and better elec rate thru winter on this 3rd Titan panic sale...

addiction wise (drank the kool aid) I like the miners to play with...reality wise I would have been a lot better off sticking the 1,825.00 I had laying around in the LISK ico (ouch)

anyway my take on this...more to roi on equip then just roi on equip as it were

(again disclaimer...I really know zip and above some is dumb luck....so keep that in mind..i also at one time trusted knc and drank the bfl kool aid so easily distracted by 'bright shiny new asics...trying to now be distracted by dull,overlooked,used , underappreciated asics on ebay.....seems better odds)

as always if you have to home mine...you need something or most of the above..and likely at this late date.....GPU mining is probably the safer bet equipment wise

Also the A4 Dominator will probably be just fine etc...but then again KNC at the time was also in good shape on product and delivery..and ended up 4 months late and crummy
firmware etc.....and they had a 1 year warranty they were held to...so crap can change on NEW chips esp the jump to 14nm..could be the same 'growing pains' so as to me
I will let you guys probably pick up a pre-order unit A4 dominator..I will simply slip in at 325mh and run with the pack ..heh :)..... just saying you get say 1 unit it likely will
work out just fine...but me I'm a big gun shy after KNC so will watch this from the sidelines ..:)

later

is it possible mine with normal laptop computer i.e dell,lenovo,hp etc. in addition, i downloaded gbf miner a couple days back and i tried to install it on my computer but it not going through, is there something i have to put in place?

no at the least you need a miner attached to it in some manner...the usb stick miners (gekko and moonlander scrypt ones) are fun to play with but you will not get the (what is it 35-40 bucks) back out of them mining...ie toys.....

again only way to play is hoard some $$$ put them in a paper wallet of btc or ltc imho and then hope in a few years it will go up in value

or

play the lucky 'used' miner game on some kinda fire sale or panic like i've done to postpone them becoming doorstops....


but even used stuff above is USUALLY only worth getting in lots of one or two miners (like my last one 2 titans) ie big bucks..or a friend that will take half

thus what I mean by panic dumping of equip

example i can get a spondoolies sp10 1.3th or so miner on ebay for 80 bucks and 44 shipping with build in psu

at 14c a kwh I lose 2/3 of what it makes in btc a month in electric costs..in other words I pay 3 bucks in electric costs for every 1 buck i get back in btc....unless you need

an electric space heater..that makes no sense...rising difficulty is a 'bitch' ;(


the only game is a GPU card and ethereum imho for a new user but they are (with motherboard/ram/etc) probably 1k to set up?

so anyway .....my view on this IF I did not already have equip..(ie i find a titan cube for cheap i plug it in because i have all the stuff up already)

a new person trying to mine from scratch...not so much....grab coin and hoard is my advice of if you get a cheap used miner ..it likely will NOT make any money

for you ..or why did the guy sell it?

Thanks so much r the advice and I want you to know that I haven't sell any of the btc I got either from campaign or faucet. I just have an eye for the mining thing and I don't know why but there is something inside telling me I could mine the sky is the starting point. Have sent you a pm

 You can get into Ethereum pretty cheap, if you have at least one system with an open PCI-E slot and can dig up a fairly cheap used vidcard.

 The system I put together with the used 7870 I bought cost $80 for the card, already HAD the entire rest of the system parts around doing other stuff at the time, and it hashes about 10MH/s which currently equates to a bit over $1/day.

If you're talking NEW system builds with NEW parts, you should be able to get into the 50-60 MH range fairly easy for a grand, and possibly a bit more if you shop VERY VERY carefully and optimise hash/$ very well.

If you have just one 7870 and want to make profit, the profit will be low if you consider the electricty cost of the whole system.

You miss the point of that 7870 rig.

 I already HAD everything else to put it together - so my ENTIRE out of pocket cost for the rig is the $80 I paid for the card.

 Pretty good risk that it'll achieve ROI and then some - and yes, I do factor the electric use of the entire system (it's a little Semperon machine, the rest of the system don't eat a lot).

 It's mining 11+ MH, or roughly $1.30 a day right now while eating about 30 cents in electric, so netting close to $1/day. If it had a gold power supply in it instead of a generic NAXN, it would probably be eating less than a quarter a day in electric.

 *IF* current difficulty and price on Ethereum stayed the same (yes, I realise that's VERY unlikely), it would achieve ROI in less than 3 months then go profitable (I've actually been running the thing for a bit already, so it's close to 2 months to ROI point right now). Realistically, I figure it will probably ROI in 3-4 months from now, then be pure profit for a while after that.

 It'll get even cheaper to run after I move this summer, and by the time Ethereum is no longer profitable I'll probably move it over to crunching RC5-72 - unless something else that AMD GPUs can mine profitably well has come along in the meantime.

You have cheaper electricity. So even if the difficulty double, you will sitll  make very good profit out of it.

I still mine the Etheruem. But I just checked the difficulty level, it is 43.6T now. At this rate of rise, It will not be profitable in two months.

 Once I get my planned move done, I'll be in a land of VERY VERY cheap electricity.

 8-)

where pray tell is this fabled land of low cost electricity bliss? And of course its kwh blissful rate in usd :)

It's pretty widely reported and well known that 3 specific counties in Washington State near the Columbia River have "masses and masses of cheap hydropower".

 Think "MegaBigPower" and "Zoomhash's farm" (which is nowhere near their CORPORATE headquarters, I'm supprised they haven't consolodated locations by now) and the like.

I`m mining XRE. Very good algo. Very low temps.

https://bitcointalk.org/index.php?topic=1479260.0

I mining this amazin algo. Low temps  -12 degree and low consumacion  -50W

this is  the coin  https://bitcointalk.org/index.php?topic=1479260.0

Me too. :P

I still mine the Etheruem. There is a good market to absorb the mined Etheruem, so I can make some profit.

There are many investments in the Ethereum mining. The difficuty or the hash rate is all time high at the moment.

I have also bought some graphics  cards from AMD to mine. I might have to sell them when there is no profit.

The difficulty is rising fast. The high power consumption card such as 6970 will be out of Ethereum mining soon.

In a few months, even the 280x will be useless as it has higher power consumption compared to the new cards.

The hashing rate of the 280x drops steadily. 6 months ago, it could has 26 MH/s, now, it can only do 20.

LTC 5.11 mining 1000mh

go baby go.....

(fun fun fun till daddy takes the T-bird away) :)

or in my case the Titans 'brick themselves' they are 'evil' (knc: evil..its what we do) (tm  knc)

I still mine the Ethereum at the moment, even though it is not very profitable. Most other coins are not profitable at all.

Try SIA, only solo, but strong ))

interesting it has its own algo? how many coin per day mining in solo? is somehow like spreadcoin?

...mmh too bad no gpu miner for windows, no time now to installing linx and shit like that...

No problem with gpu miner for windows. You should google better ))

What am I minning these days? Well in the LTC world about 1/3 less $$$ then last week!😩

i didn't googled at all, just had a look at the official thread, and i see that the last release and those previous one are not for windows, only 1.0.1 is windows, and below

anyway how many coin per day with a single card?

The diff is high. You'd better setup several rigs to mine on single wallet on the LAN.

Do you mean mining the Ethereum? I would rather wait and see the implementation of the soft and hard fork.

It is quite risky to invest in the Ethereum mining rigs now. The fate of the Ethereum is not determined after the hack.

I think so. But the mining difficulty is rising very fast. It seems many people are very confident about Ethereum.

So true, but hack was just first of problem, on top of that its 72M premine, smart contract as being perfect for ponzy the clear example is The DAO and way to lock 11+ millions of ethereum away of trading so price can be more easy manipulated

The average trading volume is more than 2 million Ethereum in several exchanges. I think the 72 million premine were mostly sold.

The Ethereum should distributed quite evenly now. That could be a good thing, it means it has more users.

I still mine the Ethereum, even though it is not the most profitable coin. I will support the network.

I saw some people mine the Siacoin. It is a storage sharing protocol. It is more profitable than Ethereum.

it's not anymore

If I were you, I will pick Bitcoin and Etherium mining. Because Bitcoin is so hot right now. Thats because of the halving event, investors want to earn more by buying stocks of Bitcoin from trading sites. And Etherium is so hot too. Some other trading sites are now accepting ETH because of the price and the demand of it. I would rather suggest that you have to mine BTC as soon as possible because halving is now on process. Each time, the price of the BTC is climbing high. So if I were you, I will start to earn my BTC in my wallets as soon as possible

Anyone Staking Tarrant? TRNT
https://www.blockexperts.com/trnt#

Good point, the demand in the bitcoin and ethereum nowadays are really high. Even though the price of these two are not climbing fast. Soon it will happen. Blockchain halving has a huge impact when it comes to mining. Many are saying that mining bitcoins now is not good because the price remains in constant and the expenses increases. But if you think about that, maybe now the price of the bitcoin remains constant but soon it will pump and reach its peak before the year ends. So better save your bitcoins now.

something better has took its place, much better

Elaborate please, or else your post worth nothing at all...

Would love to hear as well!

I think it is good to mine bitcoins and ethereum nowadays the fact that it is widely used by the users now. And I think the price inflation will occur very soon. The profit can be higher but it will take time. But, Ethereum seems having problems such that many holders are dumping their ETH's because of the Forking i think(not sure to that). So, bitcoins I think is the best. Anyways, im not mining because I do not have that capital to start with and our place is not suitable for it. But I'd love to if given a chance.

I mine Ethereum. I think this is the best option

I mine the Ethereum. It is still profitable for me. And there is a possibility that the price could rise very high.

These days I am not mining any coin, but I want to take a start as a miner and will want to mine first with my computer (Laptop) I am learning all about that first, then I will start.

Sadly, I've been so discouraged from attempting to mine anything. I was looking forward to a new and exciting hobby. But I'm 3 or more years too late and even with cheap electricity, I still feel it would be hard to turn a profit, even for fun. So just for shits and giggles, I use miner gate and just slowly watch an exciting hobby die.

Don't use miner gate or any other software that promises you "maximum profit" grab the software for the algo, choose a pool and mine a coin that you want, then you will be a hobbyist miner.  I have done well mining ethereum over the last few months, im very small time and have mined enough to pay for 5 gpu cards plus other parts.

It's almost over, most likely never to return. Hardware investment to mine for profit is a pipe dream.

The most profitable coin to mine was the Ethereum, but it is not now. It will also become PoS next year.

vertcoin seems promising for nvidia gpus, and the VTC price looks due for a rally (it barely twitced during the ethereum/alt rally back in janruary)

GTX 1070 ($500) appears to be capable of making $3/day mining vertcoin, and the difficulty has been fairly stable for months in that currency. seems reasonable to think you could mine back the cost of the GPU witin a year, and still have a $300+ resale value as its the most recent Nvidia seies. IMO a 50% profit for a year of mining, using high-value cards, seems better tan piling in the $300 RX480s on an algorithm with a difficulty spiraling out of control

i would say $400 resell value, those thing are brand new, they will not tank at all in value for at least 6 months, and surely not below $400 in one year, that is their price target after all

so you practically need to roi on $100, which is a joke

resale value is never >75% BNIB price, realistically closer to 50%.  but still reasonable ROI within a year, on a card that could run 2+ years easily

Your thinking is flawed. When ETH converts PoS every clown with shiny new rigs will desperately mine the profitability out of every coin. And then go broke. Ha!

Yes, but that'd also boost the value of those coins. So it's a good idea to mine them right now and earn the coins which may have very bright future. We missed bitcoin initial stage, maybe there is one more bitcoin-like coin waiting to get a boost.

Its impossible to tell what a GPU will be worth after ETH goes POS.

During the Litecoin crash, there were $400 GPUS going for $150 a few months later.

All these Neoscrypt/Vertcoin will get murdered once 250,000 GPUS from ETH start hammering those coins.

Even these $500 Nvidia cards will suffer also. When ETH goes POS your 1070/1080 will NOT be selling for 80% retail on eBay.

Gamers will rather buy 2x 480 and crossfire then buy one 1080.

If you want proof look at the difficulty charts for SIA and LBRY for the last few days. As soon as those coins were profitable it took mere hours for them to match the profitability of ETH. This is an example of what will happen when ETH is no longer profitable to mine. Miners are crazy greedy and switch algos like crazy to maximize profits.

The only coins you should be concentrating on are

1) Bitcoins - Buy some cheap S7 and undervolt

2) Etherium - Until it goes POS

3) Litecoin/Scrypt - ASIC very expensive

4) X11 - ASIC very expensive also.



Everything else is only profitable short term and shouldn't be judged by a decision whether to buy a particular GPU or not. The miners reward for Vertcoin, Featercoin, LBRY, are a small percentage to the miners reward for BTC/ETH/LTC.

I've been wanting to mine for fun and build my own rig. Would you think the rx480 is a decent card to have in general? I'm not going to worry about ethereum. I'm far past the point of being able to do anything with it. But for future coins to mine and have fun, rx480 or something else?

I've looked at asics for x11 and scrypt, but they trade off is almost never worth it. PinIdea had a great idea for an asic, but no reply for their email, I assume it was a scam or they just want big spenders.

I have mining Etherium, this is very simple, for RoI more than 8 months (2 months again I have RoI). for others mining like DOGE and Dash my stop, because not profit again

i am mining with cloud mining on some of good cloud mining, and for offline, i am trying to mining ltc with my gridseed blade, although the result is far than i can get, but its a new step for me to mining with hardware. almost 1 month i am mining ltc and i know its small amount at least almost 2 ltc.

that's depend on the time, if you sell it now, it's still above $400 easily, if you sell it in one year, around $350 will be a correct price

i sold my two years old 970 for 60% of its value, but it was two years, so 50% is the absolute minimum at which you can sell it


i sell it privately and i only remove VAT from the resale value, and always worked for me, i can bet what you want that i'll be able to sell my 1070 in case this place die for no less than 70-75% within 6 months

the interesting thing is that nvidia  excels in most other altcoins, particularly vertcoin as i understand. so a mass migration of AMD hardware might not have *as huge* an effect, and could help sustain the resale on nvidia cards if they are better for the next major gpu-coin

Id expect 75% resale price within 3months (enough time to mine ~30% of card cost), and 50% after a year (enough time to mine full card cost) And at ~23MH/120w ethereum in linux (windows support in the works as i understand) its at least competitive wit the rx480 on ethereum mining

I also mine some Ethereum. But if you want to invest to mine it now, the ROI is much longer, almost 10 months.

What am I mining these days?

Bitcoin
Pesetacoin
Doge
Viacoin
Umbrella
Greostlcoin

plus I am switching between Feathercoin and Ethereum-forkked (depending on market price)

I'm thinking of adding Burst

Also thinking of mining Peercoin instead of Bitcoin if the price dosen't move soon.

Would love to mine Ethereum Classic but i don't have a Classic wallet.  ::)

that ROI ignores the added vlaue of having a high-end GPU (if you are mining wit a gaming rig), and the resale value.  I expect that mining for 3 months then reselling could easily breakeven, thoug i plan to keep the card mining much longer

there is really no reason to sell new brand gpu, that belong to a new generation, so soon, these thing will last until Volta will come out, and until then they will hold a very high value

there is no way the retail price will drop under $400 anytime soon, that is their target price settled by nvidia, removing vat from $400 you will be able to sell them at $330 easily, even in one year

None, unfortunately it's not an interesting time to mine as it was a while ago.

thats what i figure - but better to plan short term so tat long term benefits are more enjoyable

the GTX1070 sould be relevant for 4+ years, just as the 7970 is still relevant to ethereum and can sell for $75+

I sold yesterday four of them at 120€ each

Doge?

 You do realise most Doge "mining" today is "merge mining" from folks mining Litecoin?

That is good price. Even though 7970 is not good at mining the Ethereum when the DAG file is large size.

The 7970 is quite good at mining other coins. So the price is still kept quite high. I have a few of those.

I mined ETh few days ago just to try their smiley tool that automatically converted my mining altcoin into bitcoin..
And looks like i made only small amount in mining altcoin..

 I'm pretty sure most 7970 were at least 3GB cards though?

 2GB versions will get to be worthless on ETH in a few months, but anything with more RAM should be no problem for the remaining POW time of ETH.

No the problem is that the hashing speed slows down every 5 days. It used to be 28MH/s a year ago and now they are 18MH/s.

About 0.10MH/s is lost every 5 days.

That evens out though, DAG file size increase affects everyone more-or-less evenly 'till the "too big for 2GB cards" point hits.

I used to mine different altcoins (mostly Myriadcoin) using MinerGate a few weeks ago, but found out mining isn't for my PC anymore. Now I've stopped mining as it's no profit for me. I think I can mine like 10000 satoshis per day right now, lol.. I guess in a year I won't even be able to mine 10 satoshis with my specs.

If you have a decent GPU with more than 2GB memory, you can mine Ethereum. It is profitable for most miners.

Not really since maybe 20% off all GPUs are Tahiti/Pitcairn.

The Hawaii or Tonga or Fiji aren't affected by the DAG.

I'm throwing ~60Th/s @ NeosCoins (NEOS).
The devs are lazy and ruining everything good about it with crappy Zend wallets, but on exchange I make more BTC than actually mining BTC

 Wrong.

 DAG file size gets bigger, takes longer to go through it FOR EVERY CARD.

 Hawaii and Tonga and Fiji ARE in fact affected by DAG file size.

i want to mine ethereum but the minergate gui doesnt work for me
but now i currently using the 32 bit version

I do not see the drop of the hash rate on my Hawii cards such as AMD R9 390. They are almost constant so far.

The hashrate drop is small on a month-to-month basis - really only noticable over the course of several months.
It seems to be directly proportional to DAG file size.

That is right. For the R9 390, the hash rate drop might be 0.1% each Dag change, but for the 7970, that is more than 0.5%.

Im currently mining DASH mainly.. and a small amount of power allotted to mining XMR

 ??? ::)

So you have the ASIC for the Dash. I am mining the Ethereum at present. But the difficulty is rising week after week.

For the Etheruem mining, you need the AMD RX 470.480 or the nVidia 1070 to be profitable if your electrcity price is high.

in my openion bitcoin and etherium are best at the current time . since i am mining only bitcoins but many of my friends are mining etherium its current price is also high . so i think ethrium will be best to start again in digital currency work .

That is right. The bitcoin is major currency for the every day usage.
The Ethereum is the fuel for the smart contract platform.

I think the price of the Ethereum will rise faster than the bitcoin. It has the back up of many rich people now.

3200mh of LTC with KNC Titans......waiting for the supposed BTC pump.....and LTC follows.....like Yoshi to Mario...... :)
right now kinda bored...I mean pop already ..sheesh.....

Thinking of building a GPU rig.but not sure I need that much drama and excitement yet on that new learning curve......

crypto ....onward and upward due to clueless bored geek endeavors and or projects etc

If Satoshi had a playboy playmate as a girlfriend ....btc would have never been invented! (true I tell ya) :)

I mine Ethereum. the price is quite high, so it is profitable. The volume is very large in BTC-e, so I can sell it easily.

Today im mined the BTD yea BitCLoud coin ;)

If you sold the Ethereum a few days  ago, it is excellent as the bitcoin price was low then. It is better to keep the coins now.

XMR and ETH are the best coins and the best coins to go ahead and mine with the best profit available at the moment.

Soon, ETH will be moving to PoS which means miners will be phased out and it won't be profitable anymore / will serve no purpose. Best bet would have to be to mine on cheap electric and keep going with profitable coins at that moment. Switch to BTC quick, cover whatever you buy and try to hit your ROI ASAP!

Ive been mining on XMR but the hash rate and difficulty has been skyrocketing and today the coin is becoming less profitable to mine than ETC and ETH.

I hope some of the miners back off and switch over to ethash so that the profit can become on par with the others.

The Ethereum mining difficulty has already risen. I think if the Monero or the Ethereum drops further, many miners will be not profitable.

How about Gulden, its market cap hit $1m dollars recently. I do not think its difficulty is high, might consider adding it to the list of coins to mine. :-\

That is right. In order to be profitable, you have to buy the latest efficient miners. But these miners might not ROI.

xmr difficulty increased 10 fold compared to 2months  before . eth also now profitable now .

https://bitcointalk.org/index.php?topic=1610345.0

I think if the money which flowed into Monero flows back to the Ethereum, the profit will increase even further.

Im mining BURST with my HDDs (one internal 3TB + two external 4TB HDDs) + with my GPU some DMD

Is that very profitable?

used to be. But not any more.

My hard drives are mining Burst at the same time my GPU is mining Monero.
I only get a few pennies a day off the Burst but its only a 200GB plot at the moment.
I'll add some more hard drives over the weekend and maybe get up to a dozen cents per day lol.  :o

i am mining monero and Etherum right now but the price has to increase from the current situation since the prices has gone down lately and that is a bad thing for miners like me who are burning my system and electricity .

ETH, because it will probably be worth a fking lot in the future.
Its like mining BTC in the early days.

I dont give a crap about the current price, my electric bill is an investment for the future and i can afford paying it out of my pocket.

If you cant afford doing that this game is nothing for you.
You must be able to see the bigger picture and not chase daily peanut profits.

If ETH fails i will loose some money spent on electric bills. If it goes where i think it is going i will make a small fortune.

if you really think so why not buying then? you will be rich in the future right? pos coin are bound to fail eventually, so it's not like bitcoin at all

I bought in months ago, now i am mining and holding.
I see no no other project worth putting my hash on.

Longtime Bitcointalk lurker. Just joined to become involved in the community!

Mining Ethereum at the moment with around 167Mh/s ($0.05/kwh).

2x RX 480 Reference
2x RX 480 MSI
1x R9 MSI 390
1x R9 Sapphire 380X Nitro
2x R9 Sapphire 380 Nitro (Waiting for powered risers from China)

This increasing difficulty has really taken from my profits in the past few months.

Looking into GPU mining ZCash when it releases October 28th.

I mine Ethereum, because it´s the best currency after bitcoin. I´m doing poolmining with minergate.

I agree with this, pos coins  would  fail eventually and eth is  not the same  as  bitcoin  for me.  But well  we have  our own perspective on each coins  we  invest on. Mining  eth is somehow  good though because its  like you are mining   bitcoin back to the years  it was just starting  but  i dont  think this  would follow bitcoins path.

ETH is not a coin, it is a decentralized world computer. POS is the natural way to go for this kind of project.
ETH POS should not be compared with some random bs coin POS, thats for sure.

exactly since the price has gone down it is not a profitable way at the moment as well as the difficulty is rising very fast and if this continues i will stop mining pretty soon unless and until i add some hardware to increase my hash

Ethereum Making Pool but if you are going to mine bitcoin then you really should know everything you are going to do , S9 is best one but liitle more expensive with the mobo for mining is  MSI G45-Z77A for me but you can really make some research.

Mining bitcoin is quite difficult to get ROI if you have expensive electricity price. The miners will be useless in 6 months.

Correct, but if  you  have  s9 miners  with cheap electricity then for sure  you would reach roi in no time. One thing   problem on having these miners are   the maintainance cost  and considerations. Bitcoin mining  would do  if you have   enough money to put on. Today im  mining  ETH with GPU mining which is  somehow  a good  activity for me.

Agree, and it takes time to get your ROI. Me, I am mining using Nicehash on my pc. Its quite good,as I am doing it while doing my reports or others works. I just open it,and let it set aside mining. Just an additional earning though not that profitable if you focus on it.

Nicehash was quite good. But the fee is around 3%. So I usually mine the coins directly, without using it.

I sm mining either ETH ot ETC. I only have a single AMD7950 gpu and I find hashimoto dagger as most profitable algo. Am I doing any wrong?

For the time being, the hashimoto dagger is the best to mine. But in a few days, the ZCach could be the best.

What is hashimoto dagger this is just new to me according to google after i search is it a miner? or mining rig?
I just find it here that they are giving it for rent https://www.miningrigrentals.com/rigs/hashimotos

Hashimoto Dagger is the Algorithm that ETH runs on. Just search with Hashimoto Algo and you will get some useful links on it. just google it