jjn00711 (OP)
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Activity: 1
Merit: 0
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November 16, 2015, 06:36:52 AM |
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Am I correct that my hardware is only going to mine $0.70 per month?! I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure??  |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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shorena
Copper Member
Legendary
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Activity: 1498
Merit: 1520
No I dont escrow anymore.
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November 16, 2015, 07:00:49 AM |
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Am I correct that my hardware is only going to mine $0.70 per month?! I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure?? Not sure about the exact number, but yes GPU mining is not profitable anymore. |
Im not really here, its just your imagination.
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favdesu
Legendary
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Activity: 1764
Merit: 1000
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November 16, 2015, 07:16:22 AM |
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you'll pay much more for electricity than you make, that's for sure.
your only chance is to mine a completely new coin at start and hope it'll hit some value to get you in profit...
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Amph
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Activity: 3206
Merit: 1069
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November 16, 2015, 07:29:49 AM |
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take a look at altcoin, i think you're able to squeeze more, and earn $1 a day at best
but you need to indentify the correct altcoin, it's a bit time consuming
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BTCish
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November 16, 2015, 07:54:13 AM |
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With gpu you can only look at altcoin direction. How many Mh/s you are getting from it in BTC mining ?
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QuintLeo
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Activity: 1498
Merit: 1030
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November 16, 2015, 08:47:57 AM |
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There has been zero chance to turn a profit doing GPU mining of SHA256 (Bitcoin etc) for a few years.
There has been zero chance to turn a profit doing GPU mining of Scrypt coins (Litecoin etc) for a couple years.
Other altcloins might be profitable to mine with a GPU, but count on an RoI measured in years at best.
Dash is usually a good bet on that, others vary a lot more.
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I'm no longer legendary just in my own mind!
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Mickeyb
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November 16, 2015, 10:17:51 AM |
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Am I correct that my hardware is only going to mine $0.70 per month?! I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure?? I suggest that you quit mining altogether, you build up your activity on the forum and you enroll into a signature campaign. You will earn much more and you won't have a headache anymore about the profitability and constant changes in mining world! |
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BTCish
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November 16, 2015, 03:01:38 PM |
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Try altcoins and let us know how much can you squeze out from that 980ti
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ShrykeZ
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November 16, 2015, 06:44:10 PM |
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As those have said before me, you'll only profit from certain Altcoins, I recommend you avoid SHA-256 and Scrypt based coins due to ASICs.
As that is a high end nVidia card, ccMiner should give you a decent enough hash rate to possibly earn a bit of profit.
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fr4nkthetank
Legendary
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Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
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November 16, 2015, 06:48:37 PM |
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I would suggest to go to nicehash and set up your card to mine on different algorithms. you might get 1$ a day or something, but check out you know, x11, x13, etc. there are many algos now. forget scrypt, forget sha.
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gkv9
Legendary
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Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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November 17, 2015, 12:24:39 PM |
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GPUs won't be profitable at all if you wish to mine Bitcoins itself, but if you can go for different coins with different algorithms, you might see even more than $10 if the value of that coin reaches 10x based on what you are expecting from it...
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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November 17, 2015, 04:38:04 PM |
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Am I correct that my hardware is only going to mine $0.70 per month?! I have a GTX 980Ti and thought maybe I'd get something more than $0.70 US per month, am I doing something wrong is is that a correct figure?? it was right because difficulty more difficult even your Gpu 980TI if you mine bitcoin. I advice you better mine alt-coin which is still profitable, profit from mine alt-coin is more than $0.70US/months.  Can you point to some examples of say .10 cents electricity (normalish) and brings a decent profit? Any mining you do with GPU would be altcoin as bitcoin it would be doing nothing but dust. I just don't see GPU altcoins being profitable anymore. And if you do make a profit I don't see it ROI'ing on a card I think you will make less the card cost's. |
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