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Author Topic: New to mining need an Advice  (Read 630 times)
STT
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March 27, 2018, 06:32:56 PM
 #41

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

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

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ico41
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March 27, 2018, 07:59:16 PM
 #42

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 $$$.

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.

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.

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April 09, 2018, 10:38:14 PM
 #43

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.
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April 10, 2018, 06:06:17 AM
 #44

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.
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April 11, 2018, 05:57:09 PM
 #45

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) No
2) No

Just forget it like a nightmare.
dengineersprof
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May 13, 2018, 02:02:26 PM
 #46

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.
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May 13, 2018, 05:00:21 PM
 #47

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.
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