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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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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shorena
Copper Member
Legendary
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Activity: 1498
Merit: 1499
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!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
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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 $0.70 US per month, am I doing something wrong is is that a correct figure?? I suggest that you quit mining altogether, you build up your activity on the forum and you enroll into a signature campaign. You will earn much more and you won't have a headache anymore about the profitability and constant changes in mining world! |
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BTCish
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November 16, 2015, 03:01:38 PM |
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Try altcoins and let us know how much can you squeze out from that 980ti
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ShrykeZ
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November 16, 2015, 06:44:10 PM |
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As those have said before me, you'll only profit from certain Altcoins, I recommend you avoid SHA-256 and Scrypt based coins due to ASICs.
As that is a high end nVidia card, ccMiner should give you a decent enough hash rate to possibly earn a bit of profit.
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fr4nkthetank
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Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
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November 16, 2015, 06:48:37 PM |
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I would suggest to go to nicehash and set up your card to mine on different algorithms. you might get 1$ 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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