Bitcoin Forum

Hello as I said I'm a bit newbie in terms of mining. I want to try out GPU mining if its possible and got some few questions and hope that someone can help.

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

1. yes
2. yes

I will also add that it is refreshing seeing someone post legitimate questions instead of "I have a $20,000 budget, what should I buy."

GPU mining is still profitable for now but only if you get the video card from manufacturer and don't pay $900+. 1080ti's make about $2 a day and have been consistently going down. With new asics and gpu's on the way I wouldn't recommend getting into GPU mining. If you happen to have the video card and want to make a little extra cash it is just fine to mine with it for now.

Yes, you can do that but the profit will not be very big. Taking into account that your workstation will use electricity for your other components, I would recommend having as many GPUs as you can fit in your workstation and of course, what your power supply can sustain.

To get an idea on what you can make with certain GPUs you can check out this website: https://whattomine.com/
Also, please keep in mind that if you have a decent processor you can also mine using it and set the priority of the CPU mining process as "low priority" to not interfere with your usage of your workstation.

Also, to see your overall workstation power consumption you can check out this website: http://www.coolermaster.com/power-supply-calculator/

In my opinion this is the best way to get started in mining, by starting small.

Now really isn't the time to be buying GPU's unless you can find some really good deals.

refer to this website,you can get mining profit

What to mine-ETH (https://whattomine.com/coins/151-eth-ethash)

Yeah, you might try craiglist or something. Also, you can try a cheaper card

Mining is always profitable if you ignore the electricity consumption factor.


Of course. The only thing you can't do on that workstation are graphic-intensive operations, e.g. gaming or graphic design.

How to mine Ethereum? Can  you please explain?

As others have said, yes imo to 1--I don't do 2) because I have dedicated rigs but others do. Look carefully and wait patiently for GPU prices to come down, which they should be and already are.  < $1 per sol on equihash might be impossible anymore as a price guideline (though just wait on used 10 series) but I built my farm on it before the shortage.

Don't expect big money, but stay agile and jump on new coins at the beginning if they have exchange support and you think they will go somewhere.

I don't know that we share the same opinion on that.  Sure if he wants to do some experimenting and get his foot in the door, gain some hands on knowledge, buy a couple cheaper cards, but don't go building a 60 gpu home farm with 1050's right now.  You're going to be wanting to replace them with something better way sooner than you think.  I'm currently thinking I'll probably sell all of my 1070ti's at some point this summer.

Thanks for the replies. Anyway, I already bought a card and its a 1070ti. Now my problem is that when I use Nicehash, my computer is a bit Laggy. Thus, making the PC unusable for my second purpose which was to make this as my workstation at the same time. Is there any workaround on this so I can still work while my GPU is mining?

(What I'm planning is to put directly my hdmi cable directly to board to use the onboard graphics while running my GPU) Will this be possible?

Just to add. I had been researching for the best Algo to mine using Nvidia GPU. Also nicehash shows Lyra2v2 gives much decent earning. Would love to hear your suggestions about this. Thanks

Can be happened because of spec your cpu such Processor, RAM.

Yes you can do it.

eth mining is card comsuming, my suggestion is not to mine eth, but to mine some other altcoins using algo like equihash.

Thanks for the answer. Currently I'm using an i3 7th gen procie, and a single stick 8gb ram? Do I need to upgrade these parts?

right now I'm using a CCminer with a lyra2v2 algorithm. I have stop using nicehash because I can't work and mine at the same time. 

I did disabled the mine on cpu in the setting of nicehash. What can I see is that nicehash is giving me a bit more hash than on CCminer.

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

WTF. Are you really reading the OP or just here to shitpost your way around? I have indicated that electricity is not a factor to consider.

Does it mean electricity is free for you? Totally  free? You pay nothing for it?
If yes than it is not the factor of considering. Trully. The only factor is ROI. How many years  it consumes to  repay the cost of system block and GPU in it. I think now it will be about 2,5 - 3  years apparently. Closer to 3 years.

Otherwise if electricity is not free for you but you think it is cheap and not is the matter of consider - you are wrong. It is matter now.

Right. So still not worth it. And I am curious, if you are using your employers electricity then the better not to continue your plan. Long ROI and possible consequences when employer knows what you did. In the end it is a no/no situation even if you own that office.

LOL. You're thinking it the wrong way. I do have a workstation but it doesn't mean I'm employed to a company stealing their resources just to mine coins.

I'm a freelancer so I do own a decent workstation. Let's just be on topic.

@dimpsk. I don't consider the electricity consumption involve since I'm using it at the same time for my freelance works. I have clearly stated that just don't factor in the power consumption thingy.

You are still wrong there because power consuption on  GPU rises  dramatically when you started mining. Also probable you'll want to engage it the whole 24 hours instead of usully working schedule to  get some distinguishable amount.

So electricity costs is matter.
But if you already had computer block  and GPU in it your risks here are not very significant.  You can mine and probably earn one free pizza  in a month  (Not more for sure). Or not.  That depends  on electricity costs and coins prices.

Yep, i share your point of view.
Alsa the begining with one card can be smart  decision  to  estimate  what is mining from  the inside, but also they should take  the right time.  It is not the right time now.

See the OP storyline:


Answered


question no.1 and no.2 were clear. but OP has a problem again for a question no.2


Answered


but OP has a question:


seems your spec doesn't need to upgrade, its good enough for multitasking. your lag issue caused by your CPU do the mining through NH.

I think the question and the problem of OP has been clearly.

so,


so, this post not relevant to OP because OP has been posted

Thanks @manji for pointing that one out. Sorry @dimsk but I just want to stay on topic on my questions and you advising on the power consumption factor wasn't helping answer my queries.


Yeah, I have done disabling the cpu mining on the setting of nicehash but still getting a little laggy. Also, I have used a CCminer, its not that laggy like nicehash but giving me lesser hashrate than nicehash.

Yes me an advice should be mining need the wolrld level business.you might be feeling a bit mining if you’ve got any money invested in them.my suspect is that most of the machines that weren't profitable now are. I also understand that old machines can compute less bitcoin as the difficulty increases with the number of machines mining.an advice on good profitable growth the mining industry.I would like to start mining, but without a big investment. I want to see if I like it and if I want to invest more time, money, energy on it.

You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.

I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.

Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.

One suggestion I hear sometimes with 1 or 2 gpus is to beat the bushes for the next coin that will have some kind of pump, jump in early when you can get a few, then sell high. Easier said than done, but I did make it work with zclassic and I believe many have with ravencoin, sure there are others. Speculative mining--just a game, really, if you already have the gpu. Takes some pressure off to generate steady substantial income.

It is still profitable, but not profitable as a few months ago. As we can see cost of sime coins deacrease and difficulty increase. I think you can start with 1 card its gonna give you expirence and later you can decide drop minning or buy more gpu

How is it not profitable if I have (for discussion purposes only) free electricity?

totally agree. It is now making around $1.5 revenue per day with one 1080ti in rig, every week you gain a free pizza and at the same time you get experienced. If there is going to be another blooming season you will not miss it.

You're doing it right,  Just like i did when i started in october 2016 with 1 Rx480.

OP doesn't focus on electricity although you mention an electricity cost effect to profit, but a problem primary not that. let's focus on a specific problem although I know problem profit can be influenced another factor and OP has been confirming:

Thanks for the reply but dimpsk is insisting on the power consumption factor on which I don't want to focus right now. I know if I fully pursue mining as an investment I need to take inconsideration the power consumption. Let dimpsk know that I'm just in for experience and knowledge to study if its feasible or not. I know I need to take consideration the electricity used but not know.

*I've got some few questions to know though, about what's the best algo to use using Nvdia GPU, since its not that as scarce as AMD. I do know that I can make a bit more profit if I use AMD but the supply is the problem, whats the best coin to mine And my recent question about nicehash thing and other apps used to mine like ccminer.

edit. I do intend to ignore others advising gibberish thing which was not what my OP intended. As we know this forum is full of shitposters just like this one.

Some times they do not know what the question to ask.
And I am very close to this matter. I have a rig, I mined different coins on different algos and cards.  Better do not argue with me but ask me about real experience :)

This is probably the best strategy to earn something with one GPU. Mine new coins with low difficulty and hope they would be worth something in the long run.

For NVIDIA 1080'ti or 1070'ti, NeoScrypt coins be a good choice but strong enough in Ethash algorithm equal to RX580 8GB or may more almost reach Vega. I suggest NSGminer for mine NeoScrypt nor Ethash you can use Claymore.

ETH mining could be a good choice if you know of tokens to buy with it.   If you only desire is to mine ETH and then sell it for dollars then there are probably better choices to get the best returns, however the advice for which coin is best varies every day or even every hour so its hard for us to say.

Also it depends on your wattage when mining each protocol, some people can get far closer to 100 watts then other people and that makes that particular coin a much better idea then something which takes over 200 w

Thats the problem with nicehash, it alters the protocol without asking and you will need to be changing the clocks on the card to match it best.  As far as CPU mining goes, its supposed to leave some spare capacity but you could also alter priority via Task Manager, just lower the priority of the CPU hash program so that your regular OS use does not suffer or the GPU usage even

I very much agree with this.  My experience with RVN has borne that out. Each week when I did my research for ICO's I would look at a lot of coins/releases (not all ICO's - RVN wasn't), and a few months ago I came across RVN and pointed a 3-card (1070 TI) at it and was lucky enough to be getting hundreds of coins per hour.  This didn't last too long, but I was able to amass a halfway-decent number of them, which I will hold onto because I happen to believe in the coin itself and the community around it.

And this could definitely be a strategy.  Examine every new announcement in the ALT thread, plus look around elsewhere (Twitter is where RVN was actually announced in October of 2017 - I wish I had been paying attention then!) and then point your card/rig at it early and see what happens.  When it starts to fall off, find another one.  Doing it this way spreads the potential around a bit, such that if, say, 20% of the coins you mine over a given year go somewhere, then those 20% might be worth it.  If you stick to just one, then there's much less chance of getting a decent ROI. 

Anyway, that's one approach.  I'm sure there are plenty of others.

I second this (or third or whatever). RVN is perfect case right now; before that, ZCL was low dif and fork was coming, knocked out a bunch before it got hyped, and sold at the top. There will be more, keep an eye on ANN announcement. NVIDIAs have good range on a number of algos, cryptonight excepted. GDDR5 (not 5X) will be fine on ethash too, especially smaller coins that don't get hit by new ASICs. Good luck.

for those of you who are just starting to play digital currency by mine, there are some things you need to know so that you can get maximum results. But most people think Mining Bitcoin it must have a lot of Hardware or Mining Rig as it is widely circulated on the Internet. Actually do not have to also use special Hardware Mining Bitcoin like Antminer S7 or use PC with VGA up to 10 pieces. Actually Mining Bitcoin (Altcoin-Bitcoin) need only Hardware secukupnya and if there is more capital, better used to buy new hardware that will be present in the future.

1) No
2) No

Just forget it like a nightmare.

Oh what kind of advice. Well basically mining is a protocol of system that helps make things move easier and less expensive and faster on the crypto network. But alot of people has thought crypto mining is a get rich system which is actually wrong. Mining and earning from mining takes alot of system to be in place inorder for things to move smoothly. So if you intend to join, you should be ready to be very patient with the system because the profiting comes on a long run, not immediately.

if I had 1 video card on a desktop computer , then I would do in the afternoon worked and at night started mining, choose a coin or project in which you believe and do not sell at once, mining a year and then you will be glad.