steampunkz
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June 23, 2017, 02:31:09 AM |
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hi all.,
i have pretty powerful PC , can i still mine bitcoins at home ?
cpu: amd fx 8350 mem : 16 gigs ddr3 gpu : NVIDIA GeForce GT 610
where can i get more information on how many bitcoins i can mine per month ?
or if i need new graphics card then which one is better ?
or i can mine any other coin and then exchange it with bitcoin.,
Thanks for your time. sorry for too many questions.
Yes you can still can mine mate. You can try mining in nicehash. They have calculator to compute your system unit power and your income per day.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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marshmellow (OP)
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June 23, 2017, 02:33:07 AM |
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There are some great resources to help you understand where the greatest return on mining investment can be achieved. It's not with Bitcoin, but you could make some good gains with an alternative crypto currency and then trade that let those mining rewards ride or trade them for Bitcoin or a more mainstream crypto currency. Check out this site: https://www.coinwarz.com/cryptocurrencyYou seem to know enough about how to fill out the profitability template, but there's also some general stats for several crypto currencies. thanks, looks like i have rad and learn more, there used to be only 2 algorithms., SHA-256 and Scrypt. now i see all these new algos.
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warwar
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June 23, 2017, 02:34:44 AM |
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GT 610 the hash rate of this graphics card is 0.5mh/s so it is really low compare with the new released gpu in the market right now. It is not really profitable now because of the difficulty in mining bitcoin right now after the bitcoin halving. That would cost you a lot in your electricity.
In altcoin mining though it is not really profitable but if we compare it with the bitcoin mining, altcoin is profitable tthan bitcoin but we are into the hashrate but it is still too low. ETH is not profitable in your gpu because of the difficulty of that coin.
If you are really eager in mining go for altcoin mining. Zcash or XMR is my recommendation because it is profitable. Though it is not what you expect for. i think it is $0.1 per day . but i dont really think so
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Bothebu
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June 23, 2017, 03:37:32 AM |
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I can't believe this post has 24 replies, now 25 with mine.
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fcaldas
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June 23, 2017, 03:41:05 AM |
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you can, but I doubt you'll get anything with your mining
thanks , but what happens when btc hit 10k/20k . so even if i mine 1 bitcoin in in a year., it will be worth more in future, but i get your point, thanks you will mine 0.00001 bitcoin in one year your with your crap computer. hard truth.
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EddyGameta
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July 23, 2017, 09:28:00 AM |
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This is my personal opinion of your condition. Your PC has pretty good specs, but with bitcoin conditions like this you can not benefit get profit from bitcoin mining with your PC. The most likely solution is to mine another coin, such as bytecoin, monero or other coin, then exchange them to bitcoin. I think a good gpu for now is nvidia gtx 1080, but it is only advantageous if mined altcoin not for bitcoin Maybe this link can help you if you want to use gpu for mining http://Http://www.legitreviews.com/best-gpu-ethereum-mining-nvidia-amd-tested_195229Or may be you can mine POS coin with your PC, you just keep your PC online everyday and hold coin, but it wont give you much profit due electricity cost if you only mine POS coin
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toygg
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July 23, 2017, 12:48:08 PM |
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hi all.,
i have pretty powerful PC , can i still mine bitcoins at home ?
cpu: amd fx 8350 mem : 16 gigs ddr3 gpu : NVIDIA GeForce GT 610
where can i get more information on how many bitcoins i can mine per month ?
or if i need new graphics card then which one is better ?
or i can mine any other coin and then exchange it with bitcoin.,
Thanks for your time. sorry for too many questions.
With even the strongest AMD/Nvidia GPU, it is not feasible to mine bitcoins simply because the difficulty have increased exponentially since 2009 to the extent that any GPU cannot mine it efficiently anymore, only thing that could mine it is AISC miners. Besides, mining with ur own equipment is bad as it would cause more wear and tear on ur hardware and the earnings would not be sufficient to cover the electricity bills.
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Pandarian
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July 23, 2017, 01:04:11 PM |
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I dont think its profitable now. Try Alt coin like Dash
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Ayers
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July 23, 2017, 01:19:09 PM |
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you can, but I doubt you'll get anything with your mining
thanks , but what happens when btc hit 10k/20k . so even if i mine 1 bitcoin in in a year., it will be worth more in future, but i get your point, thanks lol man you can't mine bitcoin with that relic thing, at best you can mine low diff altcoin, but even so you are out of the game, your gpu is too old, instead buy a 1060 or 1050 if you don't have enough money and use that for mining
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Yaupgitda
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July 23, 2017, 06:23:22 PM |
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I dont think its profitable now. Try Alt coin like Dash
Dash is alos ASIC mineable. So try ETH or ZEC.
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QuintLeo
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July 24, 2017, 10:15:41 PM |
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Not mining anything with THAT video card It is WAY outdated & too slow,you need at least an AMD 470/570 4gig or 8gig (7950 and 7970 do ok,but use alot of power) or Nvidia 1060/1070 3gig or 6 gig. And yeah,bitcoin mining is over with ANY video cards It's entirely possible to mine for a profit on the HD 7750 or a GTX 750ti - not a LOT of profit, but still a profit. I don't recommend it though, unless you already have the cards. GT 610 though is so old and so low performance I doubt it CAN mine profitably on anything without FREE electric. FX 8350 should be able to mine Monero profitably, but it's high enough wattage it's not going to make a LOT.
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