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Topic: Mining questions (Read 456 times)
Vistination
(OP)
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Mining questions
March 20, 2013, 01:27:33 AM
#1
So I just started Bitcoin Mining. I am using a 7870 with BitMinter. For some reason, I'm only getting .038 Bitcoins a day when others with the same card are getting around .2 per day. Why is this? Also I'm at 363 Mhps
mokahless
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Re: Mining questions
March 20, 2013, 01:36:57 AM
#2
No. You are actually getting exactly what you should. I have a spreadsheet I use to keep track of everything bitcoin including a calculator based on future and current difficulties. My calculator says that at the current difficulty you should make 0.037659034 BTC/day at 363MH/s.
I have 800-900MH/s going and haven't been able to get near 0.2 BTC/day for a few months now.
1PHejcsNgdhotraheE9eupnopBT8UFzDpY
Bitcoin is
decentralized
. Why isn't your
mining pool
?
p2pool
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Decentralized mining since 2012
mjc
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Available on Kindle
Re: Mining questions
March 20, 2013, 02:25:56 AM
#3
The hash rate is going up, so your mining potential will decrease.
http://bitcoinsbs.wordpress.com/2013/01/16/how-much-mhash-does-it-take-to-mine-1-btc/
The rate will continue to rise as more ASIC miners come on line. this is why people have been warning against starting in GPU mining.
Kindle : Bitcoin Step by Step (2nd Ed) :
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slakeco
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Re: Mining questions
March 20, 2013, 03:25:39 AM
#4
Yep, unfortunately thats about right for a 7870.
GPUTweak is a doos utility from ASUS to help get the most of your card. Increase your intensity as well and you may get closer to to 400Mh/s. But there is no way 400 or even 500 Mh/s will yield 0.2 btc per 24 hours. 500Mh/s like a 7950 will yield approx. 0.05BTC per 24 hours.
crash_override
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Re: Mining questions
March 20, 2013, 03:55:25 AM
#5
Don't worry, everything is fine. The total network hash rate has increased dramatically recently, as has the value of BitCoins. I believe GPU mining is still viable, especially if the cost of electricity is fairly low for you (it is for me), because 1 BTC is worth a LOT more than it was just a few short months ago...
shruubs
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Re: Mining questions
March 20, 2013, 05:27:25 AM
#6
Yeah I'd say pretty luckily it seems that the price of one coin is tied to the amount people are investing into mining them. Thus more asics means a harder hash pool but also a high price. You might want to check out litecoins as a potential alternative, since some people are switching into mining them with GPU's as they remain profitable (also, they have the potential to start catching up with bitcoins)
Jaff
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Re: Mining questions
May 25, 2013, 04:43:51 AM
#7
Quote from: mjc on March 20, 2013, 02:25:56 AM
The hash rate is going up, so your mining potential will decrease.
Zetor
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Re: Mining questions
May 25, 2013, 06:56:27 AM
#8
I get ~0.2 - 0.4 a day on p2pool having 6GH/s so your numbers are correct (sadly)
SwissMiner
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Re: Mining questions
May 25, 2013, 08:50:21 AM
#9
.. good to know
.. bitcoin's make the world go around .. world go around .. world go around ..
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