Mining for the non-profit sector. Need to exceed 2 mBTC per day per 1070…

[AQBQVF]

Hello all! I'm starting a non-profit entrepreneurial venture that helps poor families with gifted kids get access to quality PCs, software to prepare them for their dream careers, mentorship, and financial assistance for their post-secondary education. My model is only sustainable from mining 2mBTC or more per day per GTX 1070, but recently NiceHash's update both cut my revenue in half and came with a legal notice saying it's not for commercial use. So I'm looking for an alternative, Win10 friendly app that's as easy to use as NiceHash and is good at heat management. The designer of the software is free to take whatever cut they want as long as my organization's wallets can get 2mBTC per GTX 1070 per day or more without overworking my GPUs.

To any respondents, please keep the technical jargon to a minimum in this thread for my benefit. I'm an economist, not an engineer.

Thanks in advance for your honest advice and assistance.

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[sreg0r]

Not possible.

[h311m4n]

Hello all! I'm starting a non-profit entrepreneurial venture that helps poor families with gifted kids get access to quality PCs, software to prepare them for their dream careers, mentorship, and financial assistance for their post-secondary education. My model is only sustainable from mining 2mBTC or more per day per GTX 1070, but recently NiceHash's update both cut my revenue in half and came with a legal notice saying it's not for commercial use. So I'm looking for an alternative, Win10 friendly app that's as easy to use as NiceHash and is good at heat management. The designer of the software is free to take whatever cut they want as long as my organization's wallets can get 2mBTC per GTX 1070 per day or more without overworking my GPUs.

To any respondents, please keep the technical jargon to a minimum in this thread for my benefit. I'm an economist, not an engineer.

Thanks in advance for your honest advice and assistance.

I'm not sure I get the point exactly. Why not just use Claymore or another nVidia miner? Or are you looking to just mine whatever is the most profitable and get your 2mBTC/day in your BTC wallet? I may be mistaken here but you can mine "commercially" on your own hardware, I don't think Claymore give's 2 poops about what hardware you run his miner on as long as he gets his fees (which are hardcoded in the miner anyway).

For what it's worth, you really don't need to be an engineer to mine a coin using a dedicated miner. It's as simple as downloading the miner, changing your wallet address, selecting a pool to mine on and double click on a batch file to launch the miner. The only hassle is you need to trade whatever coin you mine for Bitcoins, but since you're an economist, that shouldn't be difficult :p

[Heimer]

Charity... Nice story bro

[AQBQVF]

Hello all! I'm starting a non-profit entrepreneurial venture that helps poor families with gifted kids get access to quality PCs, software to prepare them for their dream careers, mentorship, and financial assistance for their post-secondary education. My model is only sustainable from mining 2mBTC or more per day per GTX 1070, but recently NiceHash's update both cut my revenue in half and came with a legal notice saying it's not for commercial use. So I'm looking for an alternative, Win10 friendly app that's as easy to use as NiceHash and is good at heat management. The designer of the software is free to take whatever cut they want as long as my organization's wallets can get 2mBTC per GTX 1070 per day or more without overworking my GPUs.

To any respondents, please keep the technical jargon to a minimum in this thread for my benefit. I'm an economist, not an engineer.

Thanks in advance for your honest advice and assistance.

I'm not sure I get the point exactly. Why not just use Claymore or another nVidia miner? Or are you looking to just mine whatever is the most profitable and get your 2mBTC/day in your BTC wallet? I may be mistaken here but you can mine "commercially" on your own hardware, I don't think Claymore give's 2 poops about what hardware you run his miner on as long as he gets his fees (which are hardcoded in the miner anyway).

For what it's worth, you really don't need to be an engineer to mine a coin using a dedicated miner. It's as simple as downloading the miner, changing your wallet address, selecting a pool to mine on and double click on a batch file to launch the miner. The only hassle is you need to trade whatever coin you mine for Bitcoins, but since you're an economist, that shouldn't be difficult :p

The need to trade currencies would kind of exponentially increase the complexity of the training we would need to provide the parents and guardians of our gifted recipients. The whole point of choosing Nicehash is that there's no intermediate step between mining and usable education savings funds.

So yeah, that's why I asked for what I asked for instead of asking what you were hoping I was asking for.

[sirslayer]

i think the poster meant if its possible to earn 0.002 BTC per Nvidia 1070 per day..  $5.00 usd at current price of btc.  Dont use Nicehash software, there are more algos to mine @ on other pools then Nicehash boring selection..

[PcChip]

cut your 1070's back to 70-75% power in MSI and mine whatever you want, to your own wallet. If you need to cash out use an exchange to convert to BTC/ETH and use something like coinbase
  
or just use nicehash anyway

[AQBQVF]

I honestly think no one here believes me. I'm ACTUALLY, HONEST-TO-GOODNESS trying to launch a non-profit startup and my potential backers were onboard to fund my projects when my business plan involved downloading software that only demanded beneficiaries' parents click on a button and copy and paste a bitcoin wallet address. I WILL NOT GET FUNDING PERIOD if I can't get the daily revenue up to 2+ mBTC per GTX 1070 per day WITHOUT adding the complexity of currency trading to the mix. NiceHash was perfect until their new software came out, had a legal notice that scared off my backers (they don't want to get sued or make charity recipients pay to download mining software) and their new software cut revenue in half on my test machine from the memory allocation problem.

P.S.: if all I have to do (as some initial research has suggested) is add $150 bucks or so to each machine's budget by getting a slightly better than 1:1 conventional RAM to GPU RAM ratio, then please feel free to let me know. My funders would find that option FAR more palatable than being forced to learn the names of more than one cryptocurrency.

[megacrypto]

if you want, i can help you setup your own private pool / wallets to mine either equihash coins (ZEC/ZEN/ZCL/HUSH/KOMODO) or dagger / ethash (ETH/ETC/EXP/UBIQ/MUSIC) ... and then all you have to do is to just exchange whatever you mine to BTC

It takes a cpl hours to setup the core of all of this, and a few hours more to sync wallets and be ready to mine on your own server!!

Let me know if you want that. (I'm available for the next 2 days and then I'm off on a 2 weeks vacation ;-) )

[adaseb]

2 mBTC per 1070 days are long gone.

Pretty soon 1 mBTC per 1070 days are going to be numbered.

Please please research what difficulty is first before you start borrowing money and get into debt.

Whether you are mining for non-profit or for profit your daily income will be the same.

[geo.koder]

I want to buy whatever crack you smoke that makes you think you can get 2mBTC a day out of a single 1070. You very clearly have no clue what you're talking about and don't know what you're doing.

[AQBQVF]

I was getting upwards of 2.4 mBTC per 1070 per day with NiceHash v1.7.5.12. If you don't have anything to contribute to this discussion, don't bother posting.

I hope it made you feel really good to call a stranger on the internet a crackhead but you can go away now.

For all those people who have ignored what I've said also: please stop replying to this thread. I know it makes you feel good to see your avatars and signatures in more places but if you're not going to actually answer the question I was asking, then you are literally just performing forum masturbation, for which you should be moderated.

[geo.koder]

I was getting upwards of 2.4 mBTC per 1070 per day with NiceHash v1.7.5.12. If you don't have anything to contribute to this discussion, don't bother posting.

I hope it made you feel really good to call a stranger on the internet a crackhead but you can go away now.

For all those people who have ignored what I've said also: please stop replying to this thread. I know it makes you feel good to see your avatars and signatures in more places but if you're not going to actually answer the question I was asking, then you are literally just performing forum masturbation, for which you should be moderated.

Nobody is going to spoon feed you answers to questions you can answer by doing 5 minutes of the most basic mining ROI research. You're deluded. I even threw your lazy ass a source and you're still going to refuse to accept reality.

[fanatic26]

I was getting upwards of 2.4 mBTC per 1070 per day with NiceHash v1.7.5.12.

This has nothing to do with what version of Nicehash you are running. You need to learn the fundamentals behind the coins yourself before you try and pitch it to other people. You cant just will your graphics card to make more money then is actually possible based on EVER CHANGING market conditions. There is literally no way to guarantee a specific payout in the crypto world. Things change by the minute. You need to figure out another way to fund your venture, this will NEVER work for you.

[AQBQVF]

To geokoder: I used whattomine to find NiceHash in the first place (top on the list after Lbry) because my funders wouldn't hear anything about currency trading. This decision literally isn't up to me.

To most recent poster: apparently it actually does in this particular. There is some virtual memory allocation bug in the newest version of this program that I'm not a technical expert enough to understand my way around at this time.

The initial post of this thread was intended as basically an open bounty for someone to write something like NiceHash without the newfound commercial application restriction the latest version of NiceHash includes, in the form of a legal notice (which is enough to scare off my funders) that would allow the programmer to claim the rewards of the CPU for themselves: which is specced to be everything from a G4400 to a Core i5 for the different aspects of the project. It would be nice if this community was welcoming enough to not shit all over a person trying to present a new economic opportunity as well as use this technology to help gifted kids in need. All I've gotten is cynicism and masturbatory flaming.

[adaseb]

To geokoder: I used whattomine to find NiceHash in the first place (top on the list after Lbry) because my funders wouldn't hear anything about currency trading. This decision literally isn't up to me.

To most recent poster: apparently it actually does in this particular. There is some virtual memory allocation bug in the newest version of this program that I'm not a technical expert enough to understand my way around at this time.

The initial post of this thread was intended as basically an open bounty for someone to write something like NiceHash without the newfound commercial application restriction the latest version of NiceHash includes, in the form of a legal notice (which is enough to scare off my funders) that would allow the programmer to claim the rewards of the CPU for themselves: which is specced to be everything from a G4400 to a Core i5 for the different aspects of the project. It would be nice if this community was welcoming enough to not shit all over a person trying to present a new economic opportunity as well as use this technology to help gifted kids in need. All I've gotten is cynicism and masturbatory flaming.

You seem to have the best perfect English writing skills however you have horrible English listening skills.

THERE IS SOMETHING CALLED DIFFICULTY. WHEN DIFFICULTY GOES UP, WITH THE EXACT SAME HASHING SPEED YOU WILL GET LESS COINS PER DAY BECAUSE IT NEEDS TO BE DIVIDED UP EVENLY AGAINST EVERYBODY MINING THAT PARTICULAR COIN WHICH HAS THE DAILY SUPPLY CAPPED.

You made more before because less people were mining and the price was slightly higher and that's why you are making less now.

You will not make 2mBTC all day everyday for the next 5-10 years. If you could do that then everybody would quit their day-jobs and just mine for a living.

[AQBQVF]

I am aware of the difficulty issue. The only miner NiceHash uses where my limited capacity is easily able to track difficulty is CUDA, and at a difficulty of 512 with CUDA I am making less on my test machine with the latest version than I was from version 1.7.5.12, and as I said, from other research I've conducted, this is based on a virtual memory allocation issue I'm not smart enough to understand. But that doesn't even matter anymore because my funders won't sign off on a miner that comes with a legal notice like the one the latest version does. So yes, for once and for all, the version does matter. In this particular case.

It would be so nice if people read what I was writing, or if they weren't willing to bother to do so, then at least wouldn't bother replying.

[adaseb]

I am aware of the difficulty issue. The only miner NiceHash uses where my limited capacity is easily able to track difficulty is CUDA, and at a difficulty of 512 with CUDA I am making less on my test machine with the latest version than I was from version 1.7.5.12, and as I said, from other research I've conducted, this is based on a virtual memory allocation issue I'm not smart enough to understand. But that doesn't even matter anymore because my funders won't sign off on a miner that comes with a legal notice like the one the latest version does. So yes, for once and for all, the version does matter. In this particular case.

It would be so nice if people read what I was writing, or if they weren't willing to bother to do so, then at least wouldn't bother replying.

You still don't understand.

The difficulty that you see in your miner software is the minimum difficulty that your GPUs need to find to be able to submit a share. This has NOTHING to do with your overall income. Its purely for bandwidth reasons so faster miners don't flood the servers.

A faster miner will submit the same amount of shares as a slower miner but they will carry a different difficulty weight. You might submit shares at 512 difficulty and someone with 10x the hashpower submits shares at 5120 difficulty.

They really should of called this differently because it confuses many new people.

The point is you can just as easily use a Claymore miner software and mine ETH or ZEC directly and then sell that ETH or ZEC on Shapeshift or on some exchange and get your BTC and then later sell BTC for US dollars.

That's not the issue. The issue is that you are making it mandatory to "Exceed 2mBTC per 1070 per day", that's not going to happen.

What does mining term mean to you? Think of it like mining for Gold. Everyday you mine the same amount of Gold. Then the next day you have 1 other person who joined mining with you, what happens? Right now you only mine half of what you mined before, because you got competition. Mining is the exact same.

Tell your investors that they can make 1mBTC per day per 1070 today, in 2-3 weeks they might only make 0.5mBTC and in 2-3 months they will only make 0.25mBTC per day. After that you can sell the hardware on eBay and all your profits will go to the kids.

You won't get rich but you will maybe make a little profit. And it will be a fun learning experience and great hobby. Good luck.

[sirslayer]

and also you're not adding in the BTC price value. if BTC was at $3000 usd for one coin last week and its @ $2500 today for an example  a lost $500 value is directly proportional to your earnings per day..   if you converted to BTC...   get it... hint .. hint   

[AQBQVF]

and also you're not adding in the BTC price value. if BTC was at $3000 usd for one coin last week and its @ $2500 today for an example  a lost $500 value is directly proportional to your earnings per day..   if you converted to BTC...   get it... hint .. hint   

Do you even fucking run NiceHash? It gives you a readout in mBTC and the fiat currency of users' choice. You'll notice I didn't cite the earning capacity in fiat currency, I cited it in mBTC because I'm not a total fucking moron like your shitty and useless message implies. Thank you all for letting me know that this community is the worst possible place to recruit a coder for a new project. You all can fuck off. I don't care at this point if I get moderated and my account gets blocked. This forum is full of useless, flame-happy masturbators.

FOR THE LAST TIME NICEHASH MINER HAS A VIRTUAL MEMORY ALLOCATION BUG I DON'T KNOW HOW TO GET AROUND AND ITS LATEST VERSION COMES WITH A LEGAL NOTICE THAT HAS SCARED MY FUNDERS OFF. IF NONE OF YOU HAS ANY INTEREST IN WRITING SOFTWARE THAT PAYS USERS IN BITCOIN FOR MINING A LESS MAINSTREAM CRYPTOCURRENCY AND HARDCODING CPU EARNINGS FOR YOURSELF THEN FUCK OFF AND STOP POSTING IN MY GOD DAMN THREAD