Bitcoin Forum

Hi guys I have bought NVIDIA GTX 3090. Personally I bought this gaming PC for my gaming. Cause when I was little, I want to my neighbors that have Pentium 4 at that time, when we were playing GTA vice city, GTA San Andreas and also TEKKEN 3. These were our lives. Though now I got my gaming PC That have following Specifications that are described below as follows.

• Processor: Intel i9-12900k
• Graphics: RTX 3090
• Memory: 32GB RAM DDR5 4800 MHz
• Storage: 2TB Samsung NVME 2.0
• Wireless: Wi-Fi 6, Bluetooth 5.0

I know I cannot upload pictures of my PC but will do when I might become member or so.
So now I have been gotten Into cryptocurrency. And I think it's time to move on. Cause I think I should mine that currency that are worth money. But I also know that GPU mining sucks and that is not got thing. So if any members have secret coins than they can suggest me what to do.

Welcome to mining  :D
This is probably the worst time to mining due to end of ETH proof of stake
Market is now adjusting, and at the exact moment, there's no profits to make as a home miner

You have an awesome PC, enjoy your games, and if you want to know how to mine or to understand better, try Nicehash, you'll receive in BTC

If you want to dig more, keep in mind that that there's no profit for now, you'll need to pay electricity, and there's no secret coin, but you can mine a coin you believe that will rise in price in some months or years.

Not profitable at the moment, especially if you plan to spend the coins before the bullrun. The biggest factor is probably going to be the electricity cost in your area. There are so maybe profitability calculators that can provide you with rough estimates of how much you could potentially earn per day

A few examples
1. https://www.nicehash.com/profitability-calculator/nvidia-rtx-3090
2. https://whattomine.com/coins

the only gpu mining atm that May be profitable atm is speculation mining. 

you started at the beginning of whats known as crypto winter.   the profitable thing that gpu miners mined was Ethereum which switched to POS(proof of stake)(not Piece Of Shit) and Off of POW(proof of work) which is where the miners were making money.

so many things attached to ethereum all of it stopped being profitable..  theres literally millions of GPU miners not making money right now all of them with their rigs off or Speculation mining at a loss.

Learn how to use a calculator
https://whattomine.com/gpus/49-nvidia-geforce-rtx-3090?cost=0.1&cost_currency=USD
The profit in mining is minimal now, and if you have expensive electricity, then you will receive losses. Buying coins is easier now than mining. It's better to save your graphics card for better times if it comes.

There is no secret coin all listed on internet.mining poolstats and whatomine will help you look at the coins.

Comparatively, Epic Cash has been the most profitable to mine with GPUs for years. It's not easy to learn and is different from any other coin you'll ever try to mine. It can also only be reliably liquidated on one DEX called "Vite". The Vite app is on iOS and Android stores. My experience has been very positive mining and selling on Vite.

Bright future too. Lots of good work being done in the community. Advanced tech. Sound economics.

Mining profits always depend on your home electricity costs so keep that in mind. But I'll say it again, no other coin comes close to EPIC for GPU mining profitability.

There really aren’t any secret coins. Back before we can pool hoppers and sites like what to mine.com you could do the homework yourself and find something more profitable than another. However these days as long as there is a market for a partcular coin, the profits will be more or less the same as everything else out there.

Like others said here before. Now is the worst time to mine because we are in a bear market and ETH just turned off POW mining and it’s full POS now.

This coin?
https://www.coingecko.com/en/coins/epic-cashundefinedundefined
Profit on this coin is missing now as well as on other coins. Or do you advise to keep this coin for future price growth?
Then it is more profitable to buy it now for 4.5 cents and keep the video cards in excellent condition.

"Profit is missing"  Is not always a bad thing. Profit can still be had even though some centrally controlled website doesn't tell us. 

Please note this from my original post, "It's not easy to learn and is different from any other coin you'll ever try to mine. It can also only be reliably liquidated on one DEX called "Vite". The Vite app is on iOS and Android stores. My experience has been very positive mining and selling on Vite."

Mining EPIC has actually become much easier compared to 2 years ago in the sense that technical documentation is much better thanks to some strong rowers in our community.  Then again, mining difficulty has become much higher since the Ethereum merger.  However, for cost effectiveness and profitability, EPIC remains at the top for mining profitability.

When I switch the mining farm for a few days to mine another coin, I see if there is a profit or not. If the price of electricity is more than the profit from mining, then it’s easier for me to buy this coin, and not try to mine it. And I also shorten the life of the video card cooling system.

Do you have any epic mining calculator that works?
I tried at mining stats, but didn't work
I'm curious to see the profitability, since no coin is giving any profits right now

I remember a few years ago I mined a little, but just for a couple of days

Since right now almost all coins are not profitable it is a game of choice I would say.Personally I think EthW is a really good option right now which the difficulty has come down from near 700 T near 500 T at 509 T now,sure the price has come down also,but I think this is a really good time to collect a lot of them and 120 Mhsh of the 3090 card would get near 0.04 EthW per day in crypto,I am not talking in dollars as that is definitely in loss but I am talking for the longer term here.

Another way is to use unmineable miner to mine coins that cannot be mined directly and I assume the OP does not want to buy coins but to use the card he has to collect them.

I still am surprised that the hashrate is still 150Th/s for ETC. You would of assumed that it would be at least below 100Th/s or even 50Th/s by now. Currently with a decent GPU you cannot make any profit with $0.10 kwh power which is actually considered low these days, especially during an energy crisis.

If you got $0.05 kwh power, you are almost at break even, no point in mining really. And who has $0.05 kwh power these days? Not too many people. Its pretty crazy how people are still mining. Maybe they all live with their parents and they flip the electricity bill. Who knows?

So I  am breakeven at 4.8 cents.

I was hoping to get cheaper prices on cards.

I think a lot of miners are going to mine at a loss for Oct Nov Dec.

Some may sell a few gpus to pay bills.

I saw a few good deals.

4 rtx a2000 for 250 each which was a decent deal.

Now if he has more he may mine for a month or two and then dump a few more.

Yeah your power is pretty good, amazing price actually.

I remember back in late 2018/early 2019, i was at break-even with $0.10 power. I was assuming we would get a similar situation now.

Where those with $0.10 power were close to break-even and those with $0.05 power would make some "ok" profits. However its worse right now and I am surprised.

I am also pretty sure many don't even have $0.10 power anymore due to the increase in inflation and energy shortage, so who the hell is still mining and why? Everybody think ETH will go to $5000 and BTC to $100K soon?

We are running the 10gh on etc at just around break even

the btc and the ltc/doge are carrying the load

we are adding some s19 pro gear.

but our income has tanked a lot over 30k a month at peak to spilt four ways.

we are under 5k now.

adding the s19s will help.

I think most of them are asics mining etc.looks like it is still profitable for them.etc price must go up 10 times then it will be good for everyone.

Minerstat disagrees with you.

https://minerstat.com/coin/EPIC/profitability

Every single card is mined at a loss.  Low trade volume.  The cards on there that list a profit are missing the electric cost liike a 1650..  think about that a minute..  a 1650 el chepo card out mining a 3080ti.   Note that it also listed the 3080ti as only  using 116w of power mining that algo which I have doubts on being correct.   

so no.  theres no profit here.  or that site is lying to me.   

I welcome evidence to the contrary.

Speculation mining.  I haven't heard that before.  I like it.  I've said this quite a few times, but it bears repeating...  "The most profitable coins I ever mined, were the coins I mined when it was unprofitable to do so."  I think in times of 'speculation mining' it's important to remember that one of the big benefits of mining is that it's a forced dollar cost averaging system.  Times like now are why you mine.  It helps you stack through the down times so you can flourish in the up times.  While mining might not be profitable now, now mining might mean missing out on future gains.  My advice for miners who refuse to mine at a loss...  Take those funds you would have spent on electricity and use them to buy BTC.  Doing nothing will most certainly be a regrettable move.

So far I sold my four oldest cards

hybrid 1080ti’s cleared 700.

I can use that to subsidize my etc mining.

mining etc about 10gh and losing about 8 dollars a day so that sale helps as it allows for

about 20 days of free mining and holding the 18 etc mined.

I can slowly sell off cards 10000mh drops to  9860 mh by selling the 1080tis.

Team Black Miner v1.70 support dual mining ETC+ZIL that should give you a +20% boost or more in the revenue with the same power costs.

cool will look into it.

There's a point of view where if you believe in a new ATH like happened before, you can keep accumulating coins to sell in profit some months/years later.

I remember in 2018, I had to sell my cards because I didn't have any cash to keep mining, and my electricity rate was high, BUT if I kept my cards running and mining I would have a great amount of money right now.
I know it's "better" to buy coins directly, but there are cases and cases, maybe you don't want to sell the cards, maybe you like mining etc
Sometimes it's annoying to have to pass all the stages to sell the cards, clean, find the boxes, warranty, take pics, put on ebay, deal with returns... >:(

go here: t.me/epicminers

and type this:

@epicradarbot mining pp 55 mhs

and it will show:

24hr 1.65 EPIC (about .80 cents)

all depends on how much energy costs for you

Can mine EPIC, earn twice as much, and convert to ETHW for the ETHW moon.  My opinion is the EPIC moon will be sooner and much fuller moon

Minerstat does not correctly apportion the Polyphasic Proof of Work distribution across CPU/GPU/ASIC 48/48/4%. It's a common error by those who don't know about EPIC

Solution:

Go to

 t.me/epicminers


Type:

@epicradarbot mining pp 50 mh/s

And that will give the amount of epic/usd for one 3080 GPU

EPIC Network hash rate has more than tripled since ETH merge. 

I am doing ETC / Zil  moved about 1.4gh there.

it seems like it may earn more doing the 2 on Ezil.me


than just etc on viabtc.com

I will get back after a day or two.

I also am able to mine direct to an exchange.

If this works out I will be turning a small profit daily.

Better than a small loss. and if zil takes off just a little bit  It could be a nice way to mine.

Polyphasic ?  https://www.merriam-webster.com/dictionary/polyphasic, more then one phase.    Just in case I'm missing something here.   What Other phase is it using then POW? 

And honestly Minerstat is the only place I can find any sort of stats on epic at all.  If everything else is in house so to speak its impossible to judge its value.   

Logically if something was as good as it claims then that sorta info would be fairly widespread across the various stat pages.

Polyphasic PoW meaning many phases of PoW, not something other than PoW.  What happens in Epic Cash is you can imagine it like a big jar of 100 marbles and we'll say that those 100 marbles represent 1 mining epoch. In EPIC's case we'll say there are 3 different colors for the marbles Red, Blue, Green, to represent the 3 different PoW types: CPU, GPU, and ASIC.  The Polyphasic algorithm randomly chooses a marble and we'll say the first marble is Blue so a GPU block is worked on/solved. Then the algorithm chooses another marble and again it's blue so GPU is used to mine that block. Then another marble is chosen, this time Red so a CPU will do the work.  And it goes on like that until a total of 48 CPU, 48 GPU, and 4 ASIC blocks are mined.  But really it is cuckoo cycle so technically mineable by GPU but ASIC would be far more efficient but ASIC can only mine for 4% so who would? Well, some do.. and that's part of the genius of the system.

Okay, that's a lot of complicated rationale right? But the beauty is the code is very simple. FOSS anyone can work from github. You know you did something good when the code is simple but the explanation to include benefits of the design can take some time and effort.

But... to your point about it being "in house" It's really not.  The answers I gave you before are very easy and not "in house". They were made by a community member and totally Free and Open Source Software (FOSS) discernable by doing this:

Go to

 t.me/epicminers


Type:

@epicradarbot mining pp 50 mh/s

Nice!  I have a couple of 1080ti's (not hybrids) that you sold me a while back.  I should probably try and part with one of them at least and get ready for the new 4xxx series cards.  I've become so numb to 1080ti's since they've been profitable for so long, but perhaps it is time to put them out to pasture as gamer cards (if gamers even want them anymore).  I feel like there's so much competition to sell GPUs right now, I haven't bothered to look into it.  Sounds like the market might be stronger than I anticipated though.