Bitcoin Forum
May 07, 2024, 10:32:15 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Help about making a preview of profit  (Read 621 times)
forkbomb (OP)
Member
**
Offline Offline

Activity: 106
Merit: 10


View Profile
May 15, 2017, 09:21:08 AM
 #1

Hello!

I'm quite new to mining and I've read a lot, but it seems not enough.

So I've planned to buy a rig with 6 RX 480, but before buying it, I went to calculate the profit I could earn, and above all, in how much time I would have break even.
I went on www.cryptocompare.com and filled datas. I've chosen ETH and everything seems legit. But then, when I selected zcash (I was just "clicking" around), numbers were pretty strange. I got a profit of $ 2.45 M per week (!!!) How is this possible?

The gpu specs I put into cryptocompare are the one I found on the same site (so 25.0 MH/s, 150W per card). Cost of Electricity is 0.2$.

Where I am wrong?

Thank you very much

-----> Earn BTC Easy! <-----
1715077935
Hero Member
*
Offline Offline

Posts: 1715077935

View Profile Personal Message (Offline)

Ignore
1715077935
Reply with quote  #2

1715077935
Report to moderator
1715077935
Hero Member
*
Offline Offline

Posts: 1715077935

View Profile Personal Message (Offline)

Ignore
1715077935
Reply with quote  #2

1715077935
Report to moderator
Whoever mines the block which ends up containing your transaction will get its fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715077935
Hero Member
*
Offline Offline

Posts: 1715077935

View Profile Personal Message (Offline)

Ignore
1715077935
Reply with quote  #2

1715077935
Report to moderator
Kasmetski
Jr. Member
*
Offline Offline

Activity: 50
Merit: 3

Searchin` perfection!


View Profile
May 15, 2017, 09:38:05 AM
 #2

Use http://whattomine.com/  Choose 6x480 and you will get pretty close metrics about the profit.

Makefinity - Unleash Your Creativity
forkbomb (OP)
Member
**
Offline Offline

Activity: 106
Merit: 10


View Profile
May 15, 2017, 10:15:17 AM
 #3

Everything is based on 1 ETH, right?
And my profit is the first result or the second, in the "Rev. $ Profit" column?
I also don't understand how the last column works: is a % on what?

Sorry for the noob questions, but I just don't want to be fooled by my own mistake!

Thank you

-----> Earn BTC Easy! <-----
Ayers
Legendary
*
Offline Offline

Activity: 2618
Merit: 1023


Seabet.io | Crypto-Casino


View Profile
May 15, 2017, 10:17:29 AM
Last edit: May 15, 2017, 11:31:21 AM by Ayers
 #4

Everything is based on 1 ETH, right?
And my profit is the first result or the second, in the "Rev. $ Profit" column?
I also don't understand how the last column works: is a % on what?

Sorry for the noob questions, but I just don't want to be fooled by my own mistake!

Thank you

you can mine other coin but for amd ethereum is the best or other dagger also are good, the profit is your return without electricity cost, the REV tab is with electricity cost, so you need to see the profit tab for your return

forkbomb (OP)
Member
**
Offline Offline

Activity: 106
Merit: 10


View Profile
May 15, 2017, 11:01:10 AM
 #5


you can mine other coin but for mad ethereum is the best or other dagger also are good, the profit is your return without electricity cost, the REV tab is with electricity cost, so you need to see the profit tab for your return

thank you!
Now things are clear!
So for ETH I have a profit of 12.29$/day, or 369$/month. Which is really great, also because maybe the currency raise.
What is not clear is what the last tab means: is that the chance for me to earn what the "profit tab" says?

I take advantage of your courtesy to ask another question: When I mine, will I mine only the coin I choose or the system decides what coin is best to mine in that particular moment (so, for example, in the same day I mine ETH and ETC)?

-----> Earn BTC Easy! <-----
Ayers
Legendary
*
Offline Offline

Activity: 2618
Merit: 1023


Seabet.io | Crypto-Casino


View Profile
May 15, 2017, 11:33:10 AM
 #6


you can mine other coin but for mad ethereum is the best or other dagger also are good, the profit is your return without electricity cost, the REV tab is with electricity cost, so you need to see the profit tab for your return

thank you!
Now things are clear!
So for ETH I have a profit of 12.29$/day, or 369$/month. Which is really great, also because maybe the currency raise.
What is not clear is what the last tab means: is that the chance for me to earn what the "profit tab" says?

I take advantage of your courtesy to ask another question: When I mine, will I mine only the coin I choose or the system decides what coin is best to mine in that particular moment (so, for example, in the same day I mine ETH and ETC)?

if the profit say $30 you earn $30 per day, what is your electricity? you need to put your electricity, the profit tab is based on your electricity, and yes you mine only one coin at time unless you do dual mining

forkbomb (OP)
Member
**
Offline Offline

Activity: 106
Merit: 10


View Profile
May 15, 2017, 12:36:45 PM
 #7



if the profit say $30 you earn $30 per day, what is your electricity? you need to put your electricity, the profit tab is based on your electricity, and yes you mine only one coin at time unless you do dual mining

Yes, I added the electricity, which is 0.2$ and profit is $12.34/day (while rev.$ is 16.22) with 6 RX 480
With 6 RX 470 profit decrease to 11.12$/day. The price of the 470 and 480 is quite similar in Italy, so I think is better to go with the 480, even if the power consumption is higher (but the 1$ different in profit is really small to "save" on the GPUs).

Doing the math with the GTX 1070, doesn't provide a substantial increase in earning (12.97$/day) and the cards are way more expensive (and I saw that results are not as consistent as the RX), so I wouldn't consider the GTX.

May I ask you if your profit are quite the same as the one I've found or are different?
Do you also have any advice or suggestion?

Thanks

-----> Earn BTC Easy! <-----
Ayers
Legendary
*
Offline Offline

Activity: 2618
Merit: 1023


Seabet.io | Crypto-Casino


View Profile
May 15, 2017, 12:38:56 PM
 #8



if the profit say $30 you earn $30 per day, what is your electricity? you need to put your electricity, the profit tab is based on your electricity, and yes you mine only one coin at time unless you do dual mining

Yes, I added the electricity, which is 0.2$ and profit is $12.34/day (while rev.$ is 16.22) with 6 RX 480
With 6 RX 470 profit decrease to 11.12$/day. The price of the 470 and 480 is quite similar in Italy, so I think is better to go with the 480, even if the power consumption is higher (but the 1$ different in profit is really small to "save" on the GPUs).

Doing the math with the GTX 1070, doesn't provide a substantial increase in earning (12.97$/day) and the cards are way more expensive (and I saw that results are not as consistent as the RX), so I wouldn't consider the GTX.

May I ask you if your profit are quite the same as the one I've found or are different?
Do you also have any advice or suggestion?

Thanks

gtx 1070 are good on lbry and zcash not etheruem, you need to do the math again for that gpu, i've nvidia now and they profitable with equihash algo, with amd you need dual mining ETH + SIA for example, search for clymore dual mining

forkbomb (OP)
Member
**
Offline Offline

Activity: 106
Merit: 10


View Profile
May 15, 2017, 01:05:38 PM
 #9


gtx 1070 are good on lbry and zcash not etheruem, you need to do the math again for that gpu, i've nvidia now and they profitable with equihash algo, with amd you need dual mining ETH + SIA for example, search for clymore dual mining

Ok I've searched SIA (is SC, right?) and altought I heard good things on this, the profit is not that good (just $2.06). Is it possible to dual mining ETH and ETC or you can do only with different algos?
Btw, if the dual mining doesn't influence the hashrate (as I've read in the other thread), it is great to make some more $$.

I've done the comparison with the 1070 and it doesn't give me much more profit, so I think I will go for the RX's because of thy're cheaper.

Is there anything else I should consider?

-----> Earn BTC Easy! <-----
Tmdz
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 1000


View Profile
May 15, 2017, 02:04:12 PM
 #10

Hello!

I'm quite new to mining and I've read a lot, but it seems not enough.

So I've planned to buy a rig with 6 RX 480, but before buying it, I went to calculate the profit I could earn, and above all, in how much time I would have break even.
I went on www.cryptocompare.com and filled datas. I've chosen ETH and everything seems legit. But then, when I selected zcash (I was just "clicking" around), numbers were pretty strange. I got a profit of $ 2.45 M per week (!!!) How is this possible?

The gpu specs I put into cryptocompare are the one I found on the same site (so 25.0 MH/s, 150W per card). Cost of Electricity is 0.2$.

Where I am wrong?

Thank you very much

In Zcash you will mine in Hash/s and not MH so that is why the numbers came so massive.  A rx 580 will do around 280 h/s take or give.  Also you could ramp the eth hash rate up to 28mh if you like, 25mh is pretty low and even with my ultra undervolt under clock power save setting I get 26.5 mh.
forkbomb (OP)
Member
**
Offline Offline

Activity: 106
Merit: 10


View Profile
May 15, 2017, 02:15:17 PM
 #11


In Zcash you will mine in Hash/s and not MH so that is why the numbers came so massive.  A rx 580 will do around 280 h/s take or give.  Also you could ramp the eth hash rate up to 28mh if you like, 25mh is pretty low and even with my ultra undervolt under clock power save setting I get 26.5 mh.

Thanks, I didn't know this!
I found 25MH on cryptocompare.com website, I used this number as a reference in order to calculate the profit.

Since you talked about under clocking the GPU, which was my next question on this topic, can you give me more infos, please?
Is the power saving consistent? does the UnderClock influence the hash rate? Do you suggest doing this?

--edit--
Consider that I would take the 480 or the 470, not the 580.

Thanks

-----> Earn BTC Easy! <-----
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!