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Title: Mining $5.80 per day on a single 1070? Post by: lycantivis on July 06, 2017, 09:00:28 PM Someone on reddit was boasting that they are mining a coin that is producing $5.80 a day on a single 1070. Does anyone know what coin that could be? I would sure love to get on that train.
Title: Re: Mining $5.80 per day on a single 1070? Post by: Alternative on July 06, 2017, 09:02:50 PM There is three solutions to your question :
-he is lying -he mines a pumped coin and that will not last -he mines a little cap coin, which, in case he sells what he mines, will make the price crash To be honest, I do not believe much to his story. But of course I might be wrong, even though I doubt I am. Title: Re: Mining $5.80 per day on a single 1070? Post by: lycantivis on July 06, 2017, 09:09:15 PM Yea I too am in the skeptical boat, but i am still new to mining. I am on my third week and just got my second card running. I don't want to miss out on something I could be doing better.
Title: Re: Mining $5.80 per day on a single 1070? Post by: QuintLeo on July 06, 2017, 09:15:16 PM Small cap coin of some sort - there are a few that hit that kind of profitability for short periods.
Title: Re: Mining $5.80 per day on a single 1070? Post by: lycantivis on July 06, 2017, 09:17:48 PM he said hes been mining it since January
Title: Re: Mining $5.80 per day on a single 1070? Post by: adaseb on July 06, 2017, 09:24:16 PM Maybe 2 weeks ago he was making $5 per day with a 1070, and a lot has changed in just those 14 days...
Title: Re: Mining $5.80 per day on a single 1070? Post by: SubZer0 on July 06, 2017, 09:45:55 PM But let's say ETH will go back up and soon above 300dollars and more than it would be possible.
Title: Re: Mining $5.80 per day on a single 1070? Post by: MacBit on July 06, 2017, 11:14:58 PM hey, How many MH/s is your card 1080 ti on ETH ??
I'm down to $5 per 1080ti... Title: Re: Mining $5.80 per day on a single 1070? Post by: hyet24 on July 06, 2017, 11:40:48 PM hey, How many MH/s is your card 1080 ti on ETH ?? I'm down to $5 per 1080ti... 1080ti is weak on eth. He isnt mining them if its $5 Title: Re: Mining $5.80 per day on a single 1070? Post by: adaseb on July 06, 2017, 11:41:26 PM hey, How many MH/s is your card 1080 ti on ETH ?? I'm down to $5 per 1080ti... That GPU is good for ZEC, I think it mines at like 750h/s. Title: Re: Mining $5.80 per day on a single 1070? Post by: mauver_korea on July 06, 2017, 11:42:10 PM Maybe he is lying..
there are no way Title: Re: Mining $5.80 per day on a single 1070? Post by: lycantivis on July 06, 2017, 11:51:31 PM based on what hes said I have cut it down to one of these.
viacoin burst zcoin dubaicoin namecoin asch/xas emercoin nexus peercoin verge syscoin bitcoindark gamecredits bitconnect Title: Re: Mining $5.80 per day on a single 1070? Post by: adaseb on July 07, 2017, 12:05:49 AM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s.
No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. Title: Re: Mining $5.80 per day on a single 1070? Post by: Metroid on July 07, 2017, 12:06:06 AM The guy was probably mining ropecoin, to mine it you need to turn on your gtx 1070 and connect it to a rope, then as the gtx is running, the rope is also running and the reward is the ropecoin, the interest thing is, if you have too many ropecoins then the reward is you can commit suicide. free with them, reason many are earning $5.80 mining ropecoin, the ultimate value is the commitment of suicide which is worth thousands of dollars.
So it seems your friend has committed suicide or perhaps he is selling his ropecoin to others to help others to commit their suicides. Title: Re: Mining $5.80 per day on a single 1070? Post by: poisson on July 07, 2017, 12:09:10 AM DGB (Skein)
@Metroid lol Title: Re: Mining $5.80 per day on a single 1070? Post by: Elder III on July 07, 2017, 01:06:26 AM $5.80 a day before power costs sound doable to me for sure if you're on the right coin. $5.80 per day after power costs is still probably doable, although although if he's been mining the same coin since Jan. I doubt it's been $5.80 the entire time.... there are certainly plenty of coins that aren't well known so I am inclined to say his story is definitely plausible.
Title: Re: Mining $5.80 per day on a single 1070? Post by: cshelswell on July 07, 2017, 01:19:12 AM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. They don't all really earn the same amount. If you choose the right one and the value goes up dramatically then it's more profitable. I remember getting in on Zetacoin years ago and making a tidy profit on that, and that was back in the old Block Erupter days :) Title: Re: Mining $5.80 per day on a single 1070? Post by: adaseb on July 07, 2017, 01:31:31 AM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. They don't all really earn the same amount. If you choose the right one and the value goes up dramatically then it's more profitable. I remember getting in on Zetacoin years ago and making a tidy profit on that, and that was back in the old Block Erupter days :) What you are talking about is speculation. But at the current market rates and current difficulties all coins have the same profitability. Title: Re: Mining $5.80 per day on a single 1070? Post by: mirny on July 07, 2017, 01:32:27 AM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. They don't all really earn the same amount. If you choose the right one and the value goes up dramatically then it's more profitable. I remember getting in on Zetacoin years ago and making a tidy profit on that, and that was back in the old Block Erupter days :) yeah, remeber that too, 10 blockerupters mining solo :) Title: Re: Mining $5.80 per day on a single 1070? Post by: CjMapope on July 07, 2017, 01:36:17 AM i think know what coin he has been mining if he's not just Bs'ing haha as i have been mining one with same profitbility, tho i could have swore PoW only started around March for my coin...
there's coins, you just gotta find them, and their usually Nvidia algo dominate (in my experience) Also, keep in mind we dont really SAY these coins publically, as it causes a doggypile on it (as you can understand), which destroys all profits also, the MOST profitable coins are NEVER on what to mine 8) -- remember that (unless your a big farm then just stick to main coins haha) Title: Re: Mining $5.80 per day on a single 1070? Post by: carlfebz2 on July 07, 2017, 02:09:25 AM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. They don't all really earn the same amount. If you choose the right one and the value goes up dramatically then it's more profitable. I remember getting in on Zetacoin years ago and making a tidy profit on that, and that was back in the old Block Erupter days :) What you are talking about is speculation. But at the current market rates and current difficulties all coins have the same profitability. Title: Re: Mining $5.80 per day on a single 1070? Post by: TenaciousJ on July 07, 2017, 02:14:23 AM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. I don't get the "jump to mining the currently profitable coin" technique... seems like over time that would be less profitable because it relies on ability to mine coin faster than the difficulty rises with the value, and that's an ability most people don't have unless they're using large mining operations or have lots of cloud hashing power. How many coins you can mine in how much time on your hardware seems to be the most relevant factor in deciding what to mine, then you calculate how much profit the coin you can mine the fastest will net you for that period of time based on the current difficulty trend in order to determine whether it's worth it over time or not. It makes no sense to mine based on what coin is the most profitable to sell on an exchange, that's only immediately relevant for those who already have coins to sell. If you're still trying to mine that coin rather than exchange it, the current price, while indicative of future trending value, may be entirely wrong in determining what coin to mine in the present. The value and difficulty will rise and fall long before you have a chance to sell unless you're selling the same day you mine them which also seems like a bad strategy for a coin with a rising value (which is presumably what's happening based on the initial premise of this method). I guess a sucker's born every minute though. Title: Re: Mining $5.80 per day on a single 1070? Post by: cshelswell on July 07, 2017, 03:32:16 AM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. They don't all really earn the same amount. If you choose the right one and the value goes up dramatically then it's more profitable. I remember getting in on Zetacoin years ago and making a tidy profit on that, and that was back in the old Block Erupter days :) yeah, remeber that too, 10 blockerupters mining solo :) Haha yeah it was awesome, couldn't stop the ZET's rolling in :) - didn't last too long before other folk jumped on it though Title: Re: Mining $5.80 per day on a single 1070? Post by: bmf2017 on July 07, 2017, 04:51:21 PM No it doesnt since coins do have different values and do have different difficulties on mining it which means profits or earnings cant really be the same and also it depends on which GPU would you use. $5.80 per days on 1070 seems fine to me and i assume hes mining ETH or ZEC (no one knows since he didnt mentioned in the very fist place). Just try out another coin and simply compare them you will see what i mean. 5.80 per card? really??? This doesn't add up at all, it just doesn't. one 1070 at 25MH/s, right now whattomine shows feathercoin at 3.08 a dayu. He is claiming almost 2x that. Seeing how many coins are not shown in the what to mine math, i see how this is possible now, but its a tedious exercise to figure this out I assume, though well worth it assuming you can actually discover a better one to mine, but you can't know until you actually sample mine and see how it turns out right? Title: Re: Mining $5.80 per day on a single 1070? Post by: thesavoyard on July 07, 2017, 06:28:35 PM Last month it was $5.
Whattomine does not count OC but you're right, no way he doubled stock. Title: Re: Mining $5.80 per day on a single 1070? Post by: Ambros on July 07, 2017, 06:37:44 PM No it doesnt since coins do have different values and do have different difficulties on mining it which means profits or earnings cant really be the same and also it depends on which GPU would you use. $5.80 per days on 1070 seems fine to me and i assume hes mining ETH or ZEC (no one knows since he didnt mentioned in the very fist place). Just try out another coin and simply compare them you will see what i mean. 5.80 per card? really??? This doesn't add up at all, it just doesn't. one 1070 at 25MH/s, right now whattomine shows feathercoin at 3.08 a dayu. He is claiming almost 2x that. Seeing how many coins are not shown in the what to mine math, i see how this is possible now, but its a tedious exercise to figure this out I assume, though well worth it assuming you can actually discover a better one to mine, but you can't know until you actually sample mine and see how it turns out right? Sometimes you spot a coin that is not listed and you mine more than double than the best coin on whattomine or other calculators. That's how it works :D Anyway right not the profitability is decreased, but since a few days ago 5$ were normal Title: Re: Mining $5.80 per day on a single 1070? Post by: oup59 on July 07, 2017, 06:55:38 PM i think know what coin he has been mining if he's not just Bs'ing haha as i have been mining one with same profitbility, tho i could have swore PoW only started around March for my coin... there's coins, you just gotta find them, and their usually Nvidia algo dominate (in my experience) Also, keep in mind we dont really SAY these coins publically, as it causes a doggypile on it (as you can understand), which destroys all profits also, the MOST profitable coins are NEVER on what to mine 8) -- remember that (unless your a big farm then just stick to main coins haha) Do you find such coins in Russian forums or what :) Still searching and searching. One day maybe... Title: Re: Mining $5.80 per day on a single 1070? Post by: Metroid on July 07, 2017, 07:24:49 PM in 3 weeks or so, a single gtx 1070 will be making $0.75 per day and then you will remember when it was making $5.80, I do hope you mined ropecoin, that will be very valuable hehe
Title: Re: Mining $5.80 per day on a single 1070? Post by: Ambros on July 07, 2017, 07:31:46 PM in 3 weeks or so, a single gtx 1070 will be making $0.75 per day and then you will remember when it was making $5.80, I do hope you mined ropecoin, that will be very valuable hehe What's your predictions based on? Beucase I really doubt it. It would be 1/3 of what's doing today, that means the difficulty tripled or price reduced by three times. Title: Re: Mining $5.80 per day on a single 1070? Post by: BitBustah on July 07, 2017, 07:35:08 PM Title: Re: Mining $5.80 per day on a single 1070? Post by: Alternative on July 07, 2017, 07:35:51 PM $5.80 a day before power costs sound doable to me for sure if you're on the right coin. $5.80 per day after power costs is still probably doable, although although if he's been mining the same coin since Jan. I doubt it's been $5.80 the entire time.... there are certainly plenty of coins that aren't well known so I am inclined to say his story is definitely plausible. Yeah, that is possible, but as you pointed it out, he for sure has not been doing it for a long time, and in case he just started, that will not last long for sure ! Title: Re: Mining $5.80 per day on a single 1070? Post by: Metroid on July 07, 2017, 07:39:43 PM What's your predictions based on? Beucase I really doubt it. It would be 1/3 of what's doing today, that means the difficulty tripled or price reduced by three times. Based on common sense, reality, you trolls should stop living a lie, a fantasied world. Keep watching and you will learn something after this. Title: Re: Mining $5.80 per day on a single 1070? Post by: bmf2017 on July 07, 2017, 08:08:57 PM in 3 weeks or so, a single gtx 1070 will be making $0.75 per day and then you will remember when it was making $5.80, I do hope you mined ropecoin, that will be very valuable hehe why? because of vega? it will take longer than 3 weeks for enough vega's to start mining but when they do forget it... Title: Re: Mining $5.80 per day on a single 1070? Post by: thesavoyard on July 07, 2017, 08:11:16 PM A lot of these doomsayers are probably full of shit. It will continue to decline but 2013 was due to a massive crash after a massive bubble. We are looking at more growth in the future with Korea and India both making cryptos legal tender.
In more realistic tough times, like this last winter, we're looking at 15 month roi and just scraping by if you pay to much for electricity. Title: Re: Mining $5.80 per day on a single 1070? Post by: badream on July 07, 2017, 08:16:34 PM Actually my lucky msi 1070 with samsung memory at 2400mhz can do 3$/day at its best with a 32mh/s hasrate.
I'd like to know how to reach 5$/day profit but i guess it's not possible! 2 weeks ago i was able to do that :( Title: Re: Mining $5.80 per day on a single 1070? Post by: Metroid on July 07, 2017, 08:21:39 PM Yes, gtx 1070 is making $5.80 per minute and the coin is mining is nvidiacoin hehe, the reality is with this saturated market only nvidia is earning. Funny thing is, Nvidia launched a new coin, the gtx1070coin and you trolls are all buying hehe, nvidia keep dumping it on you trolls. hehe
Title: Re: Mining $5.80 per day on a single 1070? Post by: Elder III on July 07, 2017, 08:46:47 PM Hey everyone! I found Metroid's soulmate:
http://images.complex.com/complex/image/upload/c_limit,w_680/fl_lossy,pg_1,q_auto/hzwxm1y6luhqmwaxbxzj.jpg Title: Re: Mining $5.80 per day on a single 1070? Post by: cshelswell on July 07, 2017, 10:52:48 PM Not sure how much this would add up to a day but I did find this article on mining on a 1060 they seemed to think it was pretty efficient http://wccftech.com/nvidia-geforce-gtx-1060-cryptocurrency-mining-65w-detailed/ (http://wccftech.com/nvidia-geforce-gtx-1060-cryptocurrency-mining-65w-detailed/)
Title: Re: Mining $5.80 per day on a single 1070? Post by: sp_ on July 07, 2017, 11:29:32 PM (1) So if on WhatToMine I see some more profitable coin in the Top 50, does it mean I should start mining it and later exchange it for BTC? It always marks ETH green, even if it has smaller profit. (2) Where to find coins for mining except on WTM? Thanks Most profit with private kernels. 1. Nexus 2. SPreadcoin 3. Cryptonite 0.05btc... Title: Re: Mining $5.80 per day on a single 1070? Post by: QuintLeo on July 07, 2017, 11:54:13 PM based on what hes said I have cut it down to one of these. viacoin burst zcoin dubaicoin namecoin asch/xas emercoin nexus peercoin verge syscoin bitcoindark gamecredits bitconnect Burst doesn't use GPUs to mine with, to any significant degree. It's all about HD capacity. Namecoin is SHA256. NOT GPU Mineable. Gamecredits has been bouncing around all over, he's NOT been consistantly pulling $5 per 1070 but it has done better than that OCCASIONALLY the last couple months. Can't speak to the others offhand. For most NVidia cards, ETH is a POOR choice to mine - the 1070 does OK on ETH but it usually does better on several other choices most of the time even though it's probably the BEST Nvidia card to use on ETH. Title: Re: Mining $5.80 per day on a single 1070? Post by: mankeen on July 08, 2017, 09:06:18 PM 5.80 per card? really?
Title: Re: Mining $5.80 per day on a single 1070? Post by: dandreark1 on July 08, 2017, 09:13:53 PM sure it's do-able.. not for the time frame he's claiming though. He may have mined a coin that's giving him/gave him that return but what do you think it's amounting to now..
People would've ate his shit for lunch if he brought that to the forum without an explanation ha Title: Re: Mining $5.80 per day on a single 1070? Post by: btcgolong on July 08, 2017, 09:20:37 PM If you do the math, yes, that was true at one point (ETH) probably around June 12th...
Title: Re: Mining $5.80 per day on a single 1070? Post by: Metroid on July 09, 2017, 12:28:35 AM If you do the math, yes, that was true at one point (ETH) probably around June 12th... See that is the thing, noobs think will be 5.80 everyday for life then they buy gpu's at 1000 dollars and then they count their profit day by day, after a day or so they think there is a mistake, pools are stealing their profit, on third day they accept their fate and on the fourth day they commit suicide hehe Title: Re: Mining $5.80 per day on a single 1070? Post by: Elder III on July 09, 2017, 01:03:11 AM Yet again metroid pops up with his suicide fetish.... what a mensch
Title: Re: Mining $5.80 per day on a single 1070? Post by: CjMapope on July 09, 2017, 04:13:53 AM If you do the math, yes, that was true at one point (ETH) probably around June 12th... See that is the thing, noobs think will be 5.80 everyday for life then they buy gpu's at 1000 dollars and then they count their profit day by day, after a day or so they think there is a mistake, pools are stealing their profit, on third day they accept their fate and on the fourth day they commit suicide hehe AND guranteed SOME buy on the last day of an adjustment (but of cours ethey don't know it's coming) :D :D so the next day, they come on here " my cards lost 1$ profit over night! what happened?!?1!!!" hahahah Title: Re: Mining $5.80 per day on a single 1070? Post by: yerfei on July 09, 2017, 11:35:23 AM Someone on reddit was boasting that they are mining a coin that is producing $5.80 a day on a single 1070. Does anyone know what coin that could be? I would sure love to get on that train. Try Winminer to see what you can mine per day https://bitcointalk.org/index.php?topic=2004875.0 (https://bitcointalk.org/index.php?topic=2004875.0) Title: Re: Mining $5.80 per day on a single 1070? Post by: Kelarid on July 09, 2017, 03:54:29 PM Title: Re: Mining $5.80 per day on a single 1070? Post by: BitBustah on July 09, 2017, 05:08:15 PM I'm getting 5.1 usd with my 1080 Ti atm. ::)
Title: Re: Mining $5.80 per day on a single 1070? Post by: Heimer on July 09, 2017, 07:43:32 PM $5.8 per day... Good old days :) :)
Title: Re: Mining $5.80 per day on a single 1070? Post by: xiaocan01 on July 09, 2017, 08:13:27 PM I think it is impossible, my 1080 only 5 USD ???
Title: Re: Mining $5.80 per day on a single 1070? Post by: QuintLeo on July 09, 2017, 11:27:03 PM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. There is some truth to that, but a lot of the small market cap coins DO fly enough under the radar to have periods of time they make a lot more (or a lot LESS) than the "basket of profitable coins". DGB spent a couple of weeks outperforming everything else before folks started talking widely about "mining skein", as one example but even then it took a good week to drop back into the range of the basket coins. Quite a few coins that bounce around a lot on price too, like lbry and at least one lyra2rev2 based coin, where if you wait for the price peaks you can make quite a bit more semi-consistantly than otherwise. Title: Re: Mining $5.80 per day on a single 1070? Post by: Kompik on July 09, 2017, 11:42:47 PM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. There is some truth to that, but a lot of the small market cap coins DO fly enough under the radar to have periods of time they make a lot more (or a lot LESS) than the "basket of profitable coins". DGB spent a couple of weeks outperforming everything else before folks started talking widely about "mining skein", as one example but even then it took a good week to drop back into the range of the basket coins. Quite a few coins that bounce around a lot on price too, like lbry and at least one lyra2rev2 based coin, where if you wait for the price peaks you can make quite a bit more semi-consistantly than otherwise. There is always a coin that makes 30%-XXX% more than the default coin (eth/zcash). Or at least has been for the last 8 months. A LOT of small coins fly under a radar because people dont know how to find profitable coins to mine and rather use excuses like this. At this moment there are still coins to mine that make about 2 as much as zcash does. And there is couple of them. And no Lyra or Lbry are not the ones that are profitable, non that are shown on what to mine are. The downside to this is that you need a lot of knowhow and it takes a fucking lot of time :) Title: Re: Mining $5.80 per day on a single 1070? Post by: mirny on July 09, 2017, 11:55:40 PM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. There is some truth to that, but a lot of the small market cap coins DO fly enough under the radar to have periods of time they make a lot more (or a lot LESS) than the "basket of profitable coins". DGB spent a couple of weeks outperforming everything else before folks started talking widely about "mining skein", as one example but even then it took a good week to drop back into the range of the basket coins. Quite a few coins that bounce around a lot on price too, like lbry and at least one lyra2rev2 based coin, where if you wait for the price peaks you can make quite a bit more semi-consistantly than otherwise. There is always a coin that makes 30%-XXX% more than the default coin (eth/zcash). Or at least has been for the last 8 months. A LOT of small coins fly under a radar because people dont know how to find profitable coins to mine and rather use excuses like this. At this moment there are still coins to mine that make about 2 as much as zcash does. And there is couple of them. And no Lyra or Lbry are not the ones that are profitable, non that are shown on what to mine are. The downside to this is that you need a lot of knowhow and it takes a fucking lot of time :) You're right, but all those noobish retards, wants it on the plate right in front of their nose. Title: Re: Mining $5.80 per day on a single 1070? Post by: wwzsocki on July 22, 2017, 08:56:13 PM All coins make the same amount of profit per day. People use monitors that monitor profitability and they switch to the most profitable coin to make an extra %'s. No secret to this. Unless the coin is unlisted and then nobody mines it, but that's a gamble. There is some truth to that, but a lot of the small market cap coins DO fly enough under the radar to have periods of time they make a lot more (or a lot LESS) than the "basket of profitable coins". DGB spent a couple of weeks outperforming everything else before folks started talking widely about "mining skein", as one example but even then it took a good week to drop back into the range of the basket coins. Quite a few coins that bounce around a lot on price too, like lbry and at least one lyra2rev2 based coin, where if you wait for the price peaks you can make quite a bit more semi-consistantly than otherwise. There is always a coin that makes 30%-XXX% more than the default coin (eth/zcash). Or at least has been for the last 8 months. A LOT of small coins fly under a radar because people dont know how to find profitable coins to mine and rather use excuses like this. At this moment there are still coins to mine that make about 2 as much as zcash does. And there is couple of them. And no Lyra or Lbry are not the ones that are profitable, non that are shown on what to mine are. The downside to this is that you need a lot of knowhow and it takes a fucking lot of time :) You're right, but all those noobish retards, wants it on the plate right in front of their nose. User friendly Coin which could be mined on all devices with one click will be the one which takes the market like a storm. |
