Bitcoin Forum

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Hi,

I am a newbie as well, but as I understand you can get 24 Mhs with the rx 580. You can check here the estimated profit for your GPU:

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=24&HashingUnit=MH%2Fs&PowerConsumption=136&CostPerkWh=0.06

I my country that is the price per Kwh. I am currently using this pool:

https://ethermine.org/

Try new Winminer  https://bitcointalk.org/index.php?topic=2004875.0  

1.Yes
2.Yes
3.Supernova/nicehash/nanopool
4.Just flip a coin
5.Be patient

If you're willing to tweak that 580 for mining (learn about overclocking and BIOS modding, there are lots of resources right here in this forum), you could potentially get as high as 29-30 MH/s with it. At current difficulty, that would probably get you something like 0.01 ETH per day if you were mining 24/7. Of course it will be less if you aren't mining all of the time, and even less if your hashrate is lower. And that also isn't taking into consideration power costs and the difficulty increasing. The price of ETH could also crash... or go to the moon, who knows.

There are no guarantees... but mining is still fun, if nothing else!

I would mine dash, best profitability now!

Not going to happen if you are talking about mining with GPU's. DASH has been ASIC only for years now.

There was a time not very long ago when alt coins went way up and suddenly GPU mining was super profitable again.  Then apparently everyone on the planet bought up all the video cards and started mining.  With a single card, mostly what you will be doing is paying the electric company to buy a small amount of cryptos.  But doing that has paid off tremendously well for me in the long term.  There was a time a number of years ago when I had 5 GPU's mining LTC and I was kind of stoked to be getting $2 a day with those 5 cards, even though I was paying more than that for the electricity.  Since I have kept more of my cryptos than I have sold over the years, that mining has retroactively been worth much, much more than that.  I suppose the ultimate value in fiat will be determined when I cash out, but from my humble beginnings (those 5 video cards) I have over the years accumulated a number of asic miners, and newer GPU's.  I have 7 GPU's now and I earn around $100 a day between the asics and the GPU's, but the coins I have accumulated and hodled and traded with on exchanges are worth like 100k.

The point is really that you don't know what the future holds.  And the decisions you make as to what to mine, and how long to hold it will determine how much money you make per day mining more than the point in time calculations (unless you just sell everything right away of course).  If you sell everything right away it is hardly worth it though.  As I say, you will just be paying the electric company to acquire small quantities of cryptos in that case.  But if you are mining something and only making $1 a day now, if it goes up 5 times in value in the future and you never sold it, then you will actually have been making $5 a day retroactively.  

The real crypto gravy train has already left the station.  But there is still time I think to make some decent profit if you look at it like a long term investment and not just a matter of how much can I make today.

Mining without profit like running your car on idle while you sleep , if you want coins just buy they it's not worth to get in mining just to get some fraction of coin , unless you are trying before you buy $20,000 rigs and just want to ask for help as newbie want to mine with a gaming pc.

I wish i had your foresight, I mine a ton of cryptos in my day neevr held much , always sold on the latest pump , great post