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Author Topic: Am I correct in the financial calculations of $0.70 a month??  (Read 647 times)
jjn00711
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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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shorena
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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??

 Undecided

Not sure about the exact number, but yes GPU mining is not profitable anymore.
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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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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
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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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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November 16, 2015, 10:17:51 AM
 #7

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??

 Undecided

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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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

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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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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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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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??

 Undecided
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. Cheesy

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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