Help on getting started

[puns1234]

Hi there,
I'm planning to start Bitcoin mining, although having troubles with calculations.

I want to use the ASUS Radeon RX 570 Expedition OC 4GB
I have been inputting 27MH/s | 200 power consumption and a .31 kw/h rate (Im in aus)
Are these calculations correct or am I missing something?

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=27&HashingUnit=MH%2Fs&PowerConsumption=200&CostPerkWh=0.31

This is the calculator I am using.

Thanks

[1715383399]

1715383399

[1715383399]

1715383399

[1715383399]

1715383399

[mr.bitcoinerf11]

i think this calculation is more accurate than yours
look here
https://www.coinwarz.com/calculators/ethereum-mining-calculator/?h=27&p=200&pc=0.31&pf=0.00&d=779301538039639&r=5.00000000&er=0.14086559&btcer=2541.93000000&hc=220

[Emoclaw]

The card pulls less power than 200w, 120w MAX if you account for GDDR5 which is not displayed in GPU-Z.
Also you won't achieve 27MH/s unless you mod the BIOS, in which case you should be able to go up to 29MH/s with custom timings.

You will find these threads extremely useful:
https://bitcointalk.org/index.php?topic=1758267.0
http://www.overclock.net/t/1629357/r-timings-encode-decode-rx-r9-memory-straps
https://bitcointalk.org/index.php?topic=1882656.0


EDIT: I just saw that you want to mine Bitcoin. You CAN'T get a profit by mining Bitcoin with GPU. Either purchase an ASIC such as Antminer T9 or mine something else.

[puns1234]

The card pulls less power than 200w, 120w MAX if you account for GDDR5 which is not displayed in GPU-Z.
Also you won't achieve 27MH/s unless you mod the BIOS, in which case you should be able to go up to 29MH/s with custom timings.

You will find these threads extremely useful:
https://bitcointalk.org/index.php?topic=1758267.0
http://www.overclock.net/t/1629357/r-timings-encode-decode-rx-r9-memory-straps
https://bitcointalk.org/index.php?topic=1882656.0


EDIT: I just saw that you want to mine Bitcoin. You CAN'T get a profit by mining Bitcoin with GPU. Either purchase an ASIC such as Antminer T9 or mine something else.

Ah right, with the Antminer's, are you able to use them for ETC/H? Or it doesnt work like that.

[Hockeybum]

Antminers can be used with any SHA-256 algorithm coin, not ETC or ETH.

[puns1234]

Antminers can be used with any SHA-256 algorithm coin, not ETC or ETH.

Ah thanks

[digaran]

If you try to mine with 1 or 2 ASIC miners then don't unless you have cheap electricity and Bitcoin mining is not an easy job like 2-3 years ago, if you want to really get rich in the next 5 years then I'd suggest to invest big and never sell anything you mine until the price is 5 times of now but when price is 5 times of current price then mining difficulty will be at least 4 times higher than the current diff. so start mining now is something only a smart man would do.
BTW, avoid Antpool because they might part their ways from Bitcoin within the next 2 months.

[greyworld]

I don't think you'll be able to mine any appreciable amount with GPU/CPU mining anymore, not Bitcoin anyways.  Without a doubt you will spend far more on power than you'll ever convert into cash.

Maybe your card could handle Ethereum mining?  Requires about 1.45 gb ram, last time I checked.  That might pay off.

Just to illustrate what I'm talking about, I left my GPU mining for about 24 hours the other day, just to see how much that would pay me on Slush pool.  Answer: 3 Satoshi (100ths of millionths of bitcoin).  There are bitcoin faucets that will give you 10-20 times that much, every 15 minutes, just for viewing their banners.

If you have any cash to work with, you could probably bring in more bitcoin, faster, by registering on Localbitcoin.com, and buy bitcoin for cash from locals for going rate minus 10%.  Then turn around and sell it to other locals for 10% over going rate, cash transactions.


EDIT: I just got a second hand Spondoolie SP-30 on ebay for $300 USD.  I'm running it at partial capacity, about 3.2 Th/s.  That's roughly 100,000 times faster than your GPU.  Better get some ASIC's if you want to mine bitcoin.  To be clear, my paltry 3 Th/s is a meaningless spec in the world of mining.  There are lots of places that have 1000's of devices that are each about 5 times faster than my ASIC.  Your GPU doesn't stand a chance against that kind of firepower.

[veleten]

Hi there,
I'm planning to start Bitcoin mining, although having troubles with calculations.

I want to use the ASUS Radeon RX 570 Expedition OC 4GB
I have been inputting 27MH/s | 200 power consumption and a .31 kw/h rate (Im in aus)
Are these calculations correct or am I missing something?

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=27&HashingUnit=MH%2Fs&PowerConsumption=200&CostPerkWh=0.31

This is the calculator I am using.

Thanks

as was mentioned above,use coinwarz calc,it is better,also substract approximately 10-15% total due to
unforseen troubles like:blackouts,system failures,you beeing unable to fire the miners up,random disconnets etc.
with only one GPU you will not be able to mine anything decent,maybe some LTC or ZEC but it will be not more than 50-60$ per month
and generally not worth it
although you can try it for a month and if you are happy with the results,purchase or assemble a separate rig with 5-6 gpus
these are only second profitable to altcoin asics at the moment and ROI in under 5 months on average

[alani123]

To clarify, you can mine certain altcoins for profit with GPU but not mine bitcoin directly. Use this profitability calculator to see if there's any card with a more feasible ROI but make sure to take into account the exact price of the card you'll be getting.

https://www.nicehash.com/?p=calc

[Sunnie1976]

We introduce ourselves as bitcoin enthusiasts interested to join bitcoin/ethereum/monero/ dashcoin mining in india. 

Can you inform us the various configurations of hardware and software that would you can provide us for this work alongwith their Hashpowers and tentative mining results. 

We are ready to pay the professionals who help us do the right setup.

Initial trial setup would be in India,  while the commercial rigs later will be established in EU in controlled temperatures.

Awaiting reply,

Sudhir choudhary
09815 25 75 50
kcimpex09@gmail.com



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[jamurketawa]

Hi there,
I'm planning to start Bitcoin mining, although having troubles with calculations.

I want to use the ASUS Radeon RX 570 Expedition OC 4GB
I have been inputting 27MH/s | 200 power consumption and a .31 kw/h rate (Im in aus)
Are these calculations correct or am I missing something?

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=27&HashingUnit=MH%2Fs&PowerConsumption=200&CostPerkWh=0.31

This is the calculator I am using.

Thanks

yes more or less as it is, if just 1 vga maximize only until 28-30 KH/s so that the operations of the maximum, unless you use more than 1 vga then if you want to search the safe play between 26-28 KH/s, that's my experience because if more of us who bother own because vga will be over in power consumption, or excess temperature and will return at a speed 0 KH/s.