Bitcoin Forum

Hello all! I'm starting a non-profit entrepreneurial venture that helps poor families with gifted kids get access to quality PCs, software to prepare them for their dream careers, mentorship, and financial assistance for their post-secondary education. My model is only sustainable from mining 2mBTC or more per day per GTX 1070, but recently NiceHash's update both cut my revenue in half and came with a legal notice saying it's not for commercial use. So I'm looking for an alternative, Win10 friendly app that's as easy to use as NiceHash and is good at heat management. The designer of the software is free to take whatever cut they want as long as my organization's wallets can get 2mBTC per GTX 1070 per day or more without overworking my GPUs.

To any respondents, please keep the technical jargon to a minimum in this thread for my benefit. I'm an economist, not an engineer.

Thanks in advance for your honest advice and assistance.

Not possible.

I'm not sure I get the point exactly. Why not just use Claymore or another nVidia miner? Or are you looking to just mine whatever is the most profitable and get your 2mBTC/day in your BTC wallet? I may be mistaken here but you can mine "commercially" on your own hardware, I don't think Claymore give's 2 poops about what hardware you run his miner on as long as he gets his fees (which are hardcoded in the miner anyway).

For what it's worth, you really don't need to be an engineer to mine a coin using a dedicated miner. It's as simple as downloading the miner, changing your wallet address, selecting a pool to mine on and double click on a batch file to launch the miner. The only hassle is you need to trade whatever coin you mine for Bitcoins, but since you're an economist, that shouldn't be difficult :p

Charity... Nice story bro

The need to trade currencies would kind of exponentially increase the complexity of the training we would need to provide the parents and guardians of our gifted recipients. The whole point of choosing Nicehash is that there's no intermediate step between mining and usable education savings funds.

So yeah, that's why I asked for what I asked for instead of asking what you were hoping I was asking for.

i think the poster meant if its possible to earn 0.002 BTC per Nvidia 1070 per day..  $5.00 usd at current price of btc.  Dont use Nicehash software, there are more algos to mine @ on other pools then Nicehash boring selection..

cut your 1070's back to 70-75% power in MSI and mine whatever you want, to your own wallet. If you need to cash out use an exchange to convert to BTC/ETH and use something like coinbase
  
or just use nicehash anyway

I honestly think no one here believes me. I'm ACTUALLY, HONEST-TO-GOODNESS trying to launch a non-profit startup and my potential backers were onboard to fund my projects when my business plan involved downloading software that only demanded beneficiaries' parents click on a button and copy and paste a bitcoin wallet address. I WILL NOT GET FUNDING PERIOD if I can't get the daily revenue up to 2+ mBTC per GTX 1070 per day WITHOUT adding the complexity of currency trading to the mix. NiceHash was perfect until their new software came out, had a legal notice that scared off my backers (they don't want to get sued or make charity recipients pay to download mining software) and their new software cut revenue in half on my test machine from the memory allocation problem.

P.S.: if all I have to do (as some initial research has suggested) is add $150 bucks or so to each machine's budget by getting a slightly better than 1:1 conventional RAM to GPU RAM ratio, then please feel free to let me know. My funders would find that option FAR more palatable than being forced to learn the names of more than one cryptocurrency.

if you want, i can help you setup your own private pool / wallets to mine either equihash coins (ZEC/ZEN/ZCL/HUSH/KOMODO) or dagger / ethash (ETH/ETC/EXP/UBIQ/MUSIC) ... and then all you have to do is to just exchange whatever you mine to BTC

It takes a cpl hours to setup the core of all of this, and a few hours more to sync wallets and be ready to mine on your own server!!

Let me know if you want that. (I'm available for the next 2 days and then I'm off on a 2 weeks vacation ;-) )

2 mBTC per 1070 days are long gone.

Pretty soon 1 mBTC per 1070 days are going to be numbered.

Please please research what difficulty is first before you start borrowing money and get into debt.

Whether you are mining for non-profit or for profit your daily income will be the same.

I want to buy whatever crack you smoke that makes you think you can get 2mBTC a day out of a single 1070. (http://whattomine.com/coins?utf8=%E2%9C%93&eth=true&factor%5Beth_hr%5D=31.4&factor%5Beth_p%5D=115.5&grof=true&factor%5Bgro_hr%5D=39.1&factor%5Bgro_p%5D=143.0&x11gf=true&factor%5Bx11g_hr%5D=12.7&factor%5Bx11g_p%5D=132.0&cn=true&factor%5Bcn_hr%5D=550.0&factor%5Bcn_p%5D=110.0&eq=true&factor%5Beq_hr%5D=462.0&factor%5Beq_p%5D=132.0&lre=true&factor%5Blrev2_hr%5D=39050.0&factor%5Blrev2_p%5D=143.0&ns=true&factor%5Bns_hr%5D=1155.0&factor%5Bns_p%5D=170.5&lbry=true&factor%5Blbry_hr%5D=302.5&factor%5Blbry_p%5D=132.0&bk2bf=true&factor%5Bbk2b_hr%5D=1760.0&factor%5Bbk2b_p%5D=132.0&bk14=true&factor%5Bbk14_hr%5D=2750.0&factor%5Bbk14_p%5D=137.5&pas=true&factor%5Bpas_hr%5D=1034.0&factor%5Bpas_p%5D=132.0&bkv=true&factor%5Bbkv_hr%5D=0.0&factor%5Bbkv_p%5D=0.0&factor%5Bcost%5D=0&sort=Profitability7&volume=100&revenue=current&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=poloniex&dataset=Main&commit=Calculate&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=0&adapt_q_750Ti=0&adapt_q_10606=0&adapt_10606=true&adapt_q_1070=1.1&adapt_1070=true&adapt_q_1080=0&adapt_q_1080Ti=0) You very clearly have no clue what you're talking about and don't know what you're doing.

I was getting upwards of 2.4 mBTC per 1070 per day with NiceHash v1.7.5.12. If you don't have anything to contribute to this discussion, don't bother posting.

I hope it made you feel really good to call a stranger on the internet a crackhead but you can go away now.

For all those people who have ignored what I've said also: please stop replying to this thread. I know it makes you feel good to see your avatars and signatures in more places but if you're not going to actually answer the question I was asking, then you are literally just performing forum masturbation, for which you should be moderated.

Nobody is going to spoon feed you answers to questions you can answer by doing 5 minutes of the most basic mining ROI research. You're deluded. I even threw your lazy ass a source and you're still going to refuse to accept reality.

This has nothing to do with what version of Nicehash you are running. You need to learn the fundamentals behind the coins yourself before you try and pitch it to other people. You cant just will your graphics card to make more money then is actually possible based on EVER CHANGING market conditions. There is literally no way to guarantee a specific payout in the crypto world. Things change by the minute. You need to figure out another way to fund your venture, this will NEVER work for you.

To geokoder: I used whattomine to find NiceHash in the first place (top on the list after Lbry) because my funders wouldn't hear anything about currency trading. This decision literally isn't up to me.

To most recent poster: apparently it actually does in this particular. There is some virtual memory allocation bug in the newest version of this program that I'm not a technical expert enough to understand my way around at this time.

The initial post of this thread was intended as basically an open bounty for someone to write something like NiceHash without the newfound commercial application restriction the latest version of NiceHash includes, in the form of a legal notice (which is enough to scare off my funders) that would allow the programmer to claim the rewards of the CPU for themselves: which is specced to be everything from a G4400 to a Core i5 for the different aspects of the project. It would be nice if this community was welcoming enough to not shit all over a person trying to present a new economic opportunity as well as use this technology to help gifted kids in need. All I've gotten is cynicism and masturbatory flaming.

You seem to have the best perfect English writing skills however you have horrible English listening skills.

THERE IS SOMETHING CALLED DIFFICULTY. WHEN DIFFICULTY GOES UP, WITH THE EXACT SAME HASHING SPEED YOU WILL GET LESS COINS PER DAY BECAUSE IT NEEDS TO BE DIVIDED UP EVENLY AGAINST EVERYBODY MINING THAT PARTICULAR COIN WHICH HAS THE DAILY SUPPLY CAPPED.

You made more before because less people were mining and the price was slightly higher and that's why you are making less now.

You will not make 2mBTC all day everyday for the next 5-10 years. If you could do that then everybody would quit their day-jobs and just mine for a living.

I am aware of the difficulty issue. The only miner NiceHash uses where my limited capacity is easily able to track difficulty is CUDA, and at a difficulty of 512 with CUDA I am making less on my test machine with the latest version than I was from version 1.7.5.12, and as I said, from other research I've conducted, this is based on a virtual memory allocation issue I'm not smart enough to understand. But that doesn't even matter anymore because my funders won't sign off on a miner that comes with a legal notice like the one the latest version does. So yes, for once and for all, the version does matter. In this particular case.

It would be so nice if people read what I was writing, or if they weren't willing to bother to do so, then at least wouldn't bother replying.

You still don't understand.

The difficulty that you see in your miner software is the minimum difficulty that your GPUs need to find to be able to submit a share. This has NOTHING to do with your overall income. Its purely for bandwidth reasons so faster miners don't flood the servers.

A faster miner will submit the same amount of shares as a slower miner but they will carry a different difficulty weight. You might submit shares at 512 difficulty and someone with 10x the hashpower submits shares at 5120 difficulty.

They really should of called this differently because it confuses many new people.

The point is you can just as easily use a Claymore miner software and mine ETH or ZEC directly and then sell that ETH or ZEC on Shapeshift or on some exchange and get your BTC and then later sell BTC for US dollars.

That's not the issue. The issue is that you are making it mandatory to "Exceed 2mBTC per 1070 per day", that's not going to happen.

What does mining term mean to you? Think of it like mining for Gold. Everyday you mine the same amount of Gold. Then the next day you have 1 other person who joined mining with you, what happens? Right now you only mine half of what you mined before, because you got competition. Mining is the exact same.

Tell your investors that they can make 1mBTC per day per 1070 today, in 2-3 weeks they might only make 0.5mBTC and in 2-3 months they will only make 0.25mBTC per day. After that you can sell the hardware on eBay and all your profits will go to the kids.

You won't get rich but you will maybe make a little profit. And it will be a fun learning experience and great hobby. Good luck.

and also you're not adding in the BTC price value. if BTC was at $3000 usd for one coin last week and its @ $2500 today for an example  a lost $500 value is directly proportional to your earnings per day..   if you converted to BTC...   get it... hint .. hint   

Do you even fucking run NiceHash? It gives you a readout in mBTC and the fiat currency of users' choice. You'll notice I didn't cite the earning capacity in fiat currency, I cited it in mBTC because I'm not a total fucking moron like your shitty and useless message implies. Thank you all for letting me know that this community is the worst possible place to recruit a coder for a new project. You all can fuck off. I don't care at this point if I get moderated and my account gets blocked. This forum is full of useless, flame-happy masturbators.

FOR THE LAST TIME NICEHASH MINER HAS A VIRTUAL MEMORY ALLOCATION BUG I DON'T KNOW HOW TO GET AROUND AND ITS LATEST VERSION COMES WITH A LEGAL NOTICE THAT HAS SCARED MY FUNDERS OFF. IF NONE OF YOU HAS ANY INTEREST IN WRITING SOFTWARE THAT PAYS USERS IN BITCOIN FOR MINING A LESS MAINSTREAM CRYPTOCURRENCY AND HARDCODING CPU EARNINGS FOR YOURSELF THEN FUCK OFF AND STOP POSTING IN MY GOD DAMN THREAD

You asked for help and this is how you answer..  read my previous post on nicehash bitcointalk.org forum and read the date of my post.   CONS LIKE YOU WON'T GO ANYWHERE!!

what a moron.

I allocated some SSD space on my test machine for virtual memory and lo and behold, I'm over 1.4 mBTC per day. Y'all need to go fuck yourselves.

you know that your postings are google accessible and i hope your funders finds this thread

sir, i know that you are upset and enraged but the people in this forum are not idiots and most of them have been mining for far longer than you have ever been mining. They know the ins and outs of mining, they know what are the odds of mining. Even i have been mining well over 2 years now and all i can say is that its almost impossible to mine 2mBTC per 1070 per day by today's standards. Even using different algos on different mining software's, its still not possible for you to get that amount of BTC/day/cards on those cards. i have a 5X1070 mining rig that brings me about 2-4.2mbtc per day and that is the whole rig running stock setting and pulling about 1100W from the wall for 24 hours straight. This also does not get around the fact that i have to pay the electricity bills, my total profit per day is far less than what i initially calculated. My suggestion is for you to realize that there are plenty of other crypto currencies that you are able to mine with that said card and still be more profitable than staying on nicehash. look into Multi algo auto switch miners .
 edit: stay on nicehash, other pools dont want people like you

Funny that even people as dumb as this can acquire "funding" these days, once it fails hopefully you'll realize you're delusional (Maybe at least your funders will). Of course you're an "economist"(read: PM), anyone can tell you're not an engineer.

The sad thing is, if he's telling the truth he's fucked non-profit investors through sheer ignorance.

The people you provide these computers to, do they know you are mining and they have to pay for the electricity?  Unless you tell them, that is theft, you are stealing electricity from them to make money for yourself.  What if they put the PC to sleep when they are not using it?  This sounds like a scam to me.

Are you fucking kidding me? THEY WILL BE MINING THEMSELVES DURING OFF-PEAK HOURS I WON'T BE TAKING A CENT FROM BENEFICIARIES' WALLETS. THE MINING REVENUE WILL FUND THE EDUCATION OF THE GIFTED CHILDREN RECEIVING THE MACHINES THAT WILL ALSO HAVE EITHER DONATED OR OPENSOURCE ALTERNATIVES TO RELEVANT SOFTWARE THEY WILL NEED TO PURSUE THEIR CAREERS IN STEM. I'M SORRY YOU THINK THE ONLY PEOPLE INTERESTED IN THE BLOCK CHAIN ARE SCUM BAGS LIKE YOU.

To the person with 5 GPUs getting 2 mBTCs a day, switch to NiceHash ASAP because I'm getting 2.1-2.4 mBTCs per day on my test machine of a Core i5 and two 1070s in SLI configuration.

Or should I say 0.268 GH/s of Lbry per GPU. Assholes.

2.4mBTC max?..does that even count the electricity bills?. i think i will stay on my pool. i've been on nicehash and i dont really wanna go back for some personal reason.

EDIT: are you sure, because i did some testing on my rig, where i disabled a few GPU's just to see what the real numbers are. May i ask how much is your electricity rate cent/kwh
EDIT: do include the hardware cost also.

Your still a goddam idiot for thinking that your 1070 will make you 2mBTC a day. Period.

Hey dont be the dumbass that reads from your dashboard..  its all estimates

For your information,

If you mine using Nicehash you are actually losing money.

You will make more just by mining the coin directly and selling it yourself for BTC.

Nicehash is very user friendly but it comes at a huge cost...

i agree, this is exactly why i left nicehash

As a engineer, I'm sorry that you are handicapped by a econ degree.

I will attempt to explain what is going on to someone of your intellectual caliber:

1) First of all, we use best practices in our discussions here. Ad hominum attacks won't cut. You need to attack the argument, not the person. For a reference see, Irving Copi, Intoduction to Logic, University of California Press.

2) What my home boys are trying to get across is that your data assumptions are faulty. The mining yield of X per day per 1070, X is a dependent stochastic number.  X is dependent on several stochastic variables. Your major problem is extrapolating a time series composed of hundreds of points just based on a few measured points. You also give the
impression of cherry picking your data.

3) Did it not occur to you that mining is a competitive endeavor?  Wherever there is a profit to be made on coin mining, thousands of people and systems are participating. Furthermore, where there is coin profit, the number of mining systems mining a profitable coin is monotonically increasing.

4) A logical problem with your requirement of a 2 mBTC/day return, is that any coin having such a return, makes itself a target for huge mining farms. Competent people with sharp pencils in the past have deployed hundreds of GPU's within weeks to milk this kind of  free money.

Homework problems:

a) Study/chart whatever, the price of LBR, DCR, ZEC for the last 150 days. You need to look at coins that have had the profit mined out of them.

*facepalm* *headdesk*

mBTC correlates DIRECTLY to fiat (r=1 actually)

mBTC earning is proportional to market prices, usually translated to USD

with price volatility AND ever increasing diff earnings CAN'T be predicted for any amount of time

earnings per card are VIRTUALLY GUARANTEED to steadily DECREASE over time only

there's plenty of auto-converting pools that do the same as nicehash you seem to be missing (you could provide miners with a pre-configured .bat and achieve the same simplicity)

a member already offered to help set up your own pool if control was a concern

there's other profit switching multi-algo miners available



Spend time to read the info out there, learn the intricacies, ESPECIALLY if you're going to have a fiduciary responsibilty

My test machine had been mining for 71 days at 2.1-2.4 mBTC, yielding consistent payouts of over $20 CAD per week.

$20 CAD per week / 7 added up to almost $3 CAD per day. Divide that by 3 (these machines would mine in beneficiaries' homes overnight for 8 hours per night during off-peak hours for power rates, all beneficiaries would be living in Toronto Community Housing so their electricity would be paid for) $1 CAD per day for ~30 000 days is about $30 000 per beneficiary family which is enough to subsidize their gifted child's education by about 50%. What a horrifically shitty idea, I know.

And for the absolute final time, and blown up for everybody who wants me to build a model based on mine-and-trade.

lol this sht gets funnier everyday lol

So the main problem your benefactors have is that they don't want to use commercial software?  What's preventing you from doing the mining and donating it to them?

@AQBQVF

Don`t listen to trolls here, good coder/programmer can make you miner for 10+ mB per day easy for GTX1070, just ask sp_ he is the top dog there it is

30,000 days? Are you kidding me?

You really expect this kind of profit for 30,000 days into the future?

Wait..

So in 82 years they will have enough for their education, I can't believe I am actually reading this.

Look you really don't need to lie to us, we get it.  You're a scammer using kids as the bait to pull the heart strings of some funders.  We know those computers will NEVER hit any kind of roi, or pay for any college, they will lose value and the gpus will need upgrading as well mining will continue to produce less and less as time goes on...

So to make this work you need some shady as hell programmer and pay em upfront... maybe $10k will get one on board

They do this

1 Set up private pool that is really just a fake front end to look like auto switching super secret max profit pool
2 Cheap computers that mine benchmarks so it looks like they are doing something and transmit some data to look legit
3 Portion of funding goes to the back-end that auto pays btc to the wallets
4 issue comes up where you need more funding
5 exit scam and you disappear
6 Profit!!!

Still super lame action:

1) My test machine had been mining for 71 days at 2.1-2.4 mBTC, yielding consistent payouts of over $20 CAD per week. Do you not realize that you have been mining during the best bull alt coin market?

2) $1 CAD per day for ~30 000 days is about $30 000 per beneficiary family which is enough to subsidize their gifted child's education by about 50%. What a horrifically shitty idea, I know. ????? Isn't 30,000 days equal to 82 years?  Frankly, it would be some kind of miracle if you could mine this for a year.

Okay, so I left out some details for those equations to make sense. They'd be getting their quad-1070 machine so it would be ~$4 CAD per day from their own machines, ~$1 per day from my organization's in-house miners, all of which would be matched by my funders. So yes, it would be possible to get $30 000 in 3000 days, not 82 years as some people are suggesting. And yes, my models are based on oversimplifications about the fact that bitcoin has a long term growth rate that beats the crap out of inflation but gets harder to do over time, so basically every equation I've given you is based on an assumption that the value of mining capacity to go up approximately at 2/3 the rate of expected cost inflation. Does anyone here think that's not a conservative assumption to make?

all i have to say is good luck on mining for that long and good luck to your funders. Stay on nicehash!!!, dont go looking into other pools. ;)


Edit: You should really request a longer warranty from your GPU manufacturer. just a heads up if you are looking to mine that LONG

My model builds in the attrition rate of 80% of the warranties of the specced out parts, but it assumes a revenue rate that was equal to what I've written above. If it's half that, this whole thing blows up.

If you want an alternative to nicehash and you want something that pays in bitcoin for Nvidia mining, you could try NemosMiner:

https://bitcointalk.org/index.php?topic=1777336.0

It's basically a way to use zpool.ca (which I must point out has a bit of a bad preutation around fees) with Nvidia cards, which takes all the algos on zpool that an Nvidia card is good at, benchmarks your rig, then checks these algos for profitability every 10 minutes (I think) and switches miner/algo accordingly. All you have to do is download it, edit the start.bat file to change to your bitcoin wallet, then wait for it to download miners and do all the benchmarking. Then it just does the mine whatever algo based on current profitability thing and pays you out in bitcoin.

I believe he also has one that runs on MiningPoolHub too.

I can't make any promises about how much you can/will make for all the reasons everyone else has been trying to explain to you - but it does seem to favour Nvidia specific hardware more than nicehash does.  I also can't tell you how well it works because I've only been using it myself for about 16 hours. I thought I'd try it for maybe 48 hours and see how well it does compared to just mining ETH using nvOC which is what I was doing with that particular rig.

I suggest that if you want more information have a look at the thread and/or PM @minerx117 who is the OP for that thread. Not sure why he isn't called "Nemo" but who knows....

best of luck.

If you want some real world facts...

Back in Nov-Dec 2013, a R9 280X made about $10/day.
Jan-Feb 2014, a R9 280X made about $7.50/day
March-April 2014, a R9 280X made about $5.00/day
May-June 2014, about $2/day
July-Sept, < less than $1/day
Nov-Dec 2014, around $0.25/day


I know because I lived thru it. You are not going to be able to make $1/day with a 1070 for 3000 days.

We are all giving you good advice but you think we are lying. The last 70-80 days you were mining, were probably the most profitable times to mine, ever. Even more profitable than Nov 2013.

yes, we were in the golden days of mining..  the gold rush is over..  will there be a third time a charm????

Well then, good luck on your RMA if any of your cards get fried or fails unexpectedly. ;D .just remember to keep the temps cool and keep them mining for how ever long you will be able to mine.

p.s: guys, just wish this guy luck, he clearly does not need our advice as he has clearly gotten it all figured out.it would be better if you guys contribute your advice to the people who deserve it rather then wasting it here. This guy clearly is not listening to any of the advice you people are giving him. ;D

It's not that I'm not listening, it's that my funders have already rejected the options you were giving me AND I'VE BEEN TELLING TOU GUYS THAT OVER AND OVER AND OVER AND OVER AND OVER AND OVER AGAIN but no one is listening to me. The only path forward they've given me is "an app that is as user-friendly as NiceHash but without the commercial license limitation."

My first proposal for this project was built around mining Zcash and converting it to bitcoins to CAD on behalf of beneficiaries, but they rejected on the grounds that: (1) MY organization can not touch the value mined in beneficiaries' homes, and (2) training beneficiaries' parents and guardians in cryptocurrency trading is completely off the table. This is why every "solution" that says "then all you have to do is edit a .bat file" or "all you have to do is exchange it for bitcoin" I've been ignoring because I've already bashed my head against that brick wall with my funders several times already. I know. It sounds crazy and stupid and pointless but it's not my money so it's not up to me and I feel like everyone in this thread is just shooting the messenger.
Everyone here would rather tell me how crazy and stupid my funders are being and not one of you wants to leverage the power of potentially thousands of core i5's to mine from without having to worry about electricity costs. I don't know how no one on here doesn't see this as a sweetheart deal but we've all already acknowledged that if you represent charitable organization with conservative governance and ethics rules that you're an idiot who doesn't deserve anyone's help or the chance to help anyone else. Mods, please lock, delete, and kill this thread with fire… assuming all the previous flaming has left more than ashes.

The maximum the GTX 1070 can do nowadays is by mining LBRY. You can choose that selection via the Nicehash device/algorithms options and tick only LBRY. With a bit of overclocking you can do up to 1.35 mBTC or just a bit more.

Here are my data regarding the best overclock with MSI Afterburner for a GIGABYTE G1 GAMING GTX 1070

Core clock +65
Memory clock +750
Power limit 75
Fan 70%

Mining LBRY at 0.279 GHS.

i dont care about your proprosal and suggest that you be more realistic about your incomes. as some people have said, there are a lot of variables when it comes to mining. income can vary heavily depending on these variables. if you stick to the 3000 day plan, your warranty will be way passed their coverage. if you are able to mine for 3000 days straight, then that will create outstanding returns. but all that is if you are able to mine 3000 days straight on those cards ::). by reading you proposal, i already know this is not something i would like to invest in, even if i was funding it for fun. get real about your incomes before going into mining.

Hi,

I can see that you're frustrated here, so I would recommend you take a deep breath, walk away from this thread for a little bit and come back with a clear head. While some of the responses you've received maybe could have been said with a little more tact, you have no control over whether or not other people post in your thread or what they say. I mean nothing malicious by saying that, it's just a fact. You do have control over how you take in what they say. I would suggest you try to see past anything you find offensive or aggressive, because there is still useful information in there, whether you agree with how it was communicated or not. Going off on rants telling people not to post isn't productive to your goals either, and that behaviour is something you do have control over.

With that said, I'll say again what people have been trying to communicate... your financial model just isn't currently feasible, and even if it was, it wouldn't be sustainable. Even if current prices did allow you to make your 2 mBTC per day, there's no way to guarantee it would continue to do so for the timeframe you need. Even if some amazing programmer was able to give you a 2 mBTC/day solution, there's still no way to guarantee it would last for any amount of time. This isn't about the software, it's about how all this works in general. There are no guarantees.

Assuming you are legit, your cause is admirable. But a good long-term business plan with backers and investors, non-profit or for-profit, is going to need some reasonable amount of guarantee. The only guarantee with crypto currencies is that there are no guarantees. You need to understand this one thing, if nothing else.

The last thing I'll point out is that you keep mentioning you're against trading to Bitcoin. It's already been mentioned that there are several pools that can pay in Bitcoin. I use miningpoolhub myself, which will auto-trade to Bitcoin for you, before it ever hits your wallet. So nobody has to do any trading, and the conversion to Bitcoin is all done for you automatically and your profits come to you as Bitcoin. Miningpoolhub can also do multi-algo mining so that you're always mining the most profitable coin.

I know this stuff has been said already, but I thought I'd throw in my 2 satoshis worth, in hopes that it might help you.

You do realize you can mine to a ZEC address and each home would have a different worker. And then you would sell the crypto yourself at the end of the week and send them CAD.

However this won't work long term. You do realize that GPUs crash? You do realize that sometimes you need to perform a software update? If you want something that you can set and go, get an Antminer R4. Those you never have to touch and they run forever.

Lets summarize this:

1. OP floats idea that will cause him financial ruin.

2. People warn him of this.

3. He screams like a child and starts throwing out insults to everyone and anyone. (Sounds like the kind of person I want working with my gifted child for sure)

4. People point out all the different ways in which his idea is no good.

5. Ignores all answers, throws out even crazier numbers, gets laughed at more.

6. People still try to patiently explain how wrong he is about these ideas, attempting to save him from a huge mistake.

I think that about covers it.


P.S. If people are too lazy to learn about a method of funding that could change their child/families life and expect you to magically make it happen for them....do they really deserve the help?

I don't understand this restriction around the commercial license.  Why is this a hang up?  Plenty of non-profits use commercial software with much more restrictive EULAs.  Do any of them use Apple products?  How about Microsoft?  Did any of them read the terms for Facebook, or Youtube?

But once again.  Why can't you mine using Nicehash, convert from BTC to fiat, and just donate the proceeds?  You've stated that they don't want want the benefactors trading cryptocurrencies, but you are expecting them to cash out $30,000 of bitcoin one day down the line?  BTC may be more accepted and used by that time, but it will still be confusing to most people.  And what about the tax implications of exchanging that much BTC to fiat?  How will the charity or the benefactor prove that this is a legitimate donation?