Bitcoin Forum
June 20, 2018, 11:45:43 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: 8 x 1070 gtx on nicehash only 20$/day is this correct?  (Read 1090 times)
a1b1C22
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
July 07, 2017, 05:40:44 PM
 #1

Hi, ive an 8 gpu rig 1070 gtx, and because I was trying to settle things out until I recieved my M.2 adapter for the 8th one, I was using nicehash in which i get around 20$/day.
I tried EWBF for Zcash, and all the 8 were getting around 3500 Sol/s(440 each), so I figured out it was less than what is in nicehash.
Can u suggest any other profitable algo. or solutions please?
1529538343
Hero Member
*
Offline Offline

Posts: 1529538343

View Profile Personal Message (Offline)

Ignore
1529538343
Reply with quote  #2

1529538343
Report to moderator
1529538343
Hero Member
*
Offline Offline

Posts: 1529538343

View Profile Personal Message (Offline)

Ignore
1529538343
Reply with quote  #2

1529538343
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529538343
Hero Member
*
Offline Offline

Posts: 1529538343

View Profile Personal Message (Offline)

Ignore
1529538343
Reply with quote  #2

1529538343
Report to moderator
thesavoyard
Sr. Member
****
Offline Offline

Activity: 448
Merit: 253



View Profile
July 07, 2017, 06:08:44 PM
 #2

Unfortunately, mining profitability has dropped drastically. I'd leave nicehash alone though, you won't make more and BTC never wins in price gains compared to other top 100 coins. If you prefer BTC because it's easier to trade, that's another story. But zec gained 10x the value in the same period BTC went up 2.5 times.

Ambros
Hero Member
*****
Offline Offline

Activity: 647
Merit: 500

pool.sexy co-founder


View Profile
July 07, 2017, 06:42:20 PM
 #3

My friend, that's true.. Profitability decreased a lot in the last few weeks, we can just hope that a new pump will make mining profitable as it was in april and may!

Anyway you can switch from nicehash to a normal pool and you will get same extra dollars, maybe around 24$/day
thesavoyard
Sr. Member
****
Offline Offline

Activity: 448
Merit: 253



View Profile
July 07, 2017, 06:47:08 PM
 #4

My friend, that's true.. Profitability decreased a lot in the last few weeks, we can just hope that a new pump will make mining profitable as it was in april and may!

Anyway you can switch from nicehash to a normal pool and you will get same extra dollars, maybe around 24$/day

This, if you sit on your coins, $24 a day can become $240 a day in no time.

fanatic26
Hero Member
*****
Online Online

Activity: 756
Merit: 558


View Profile
July 07, 2017, 06:47:38 PM
 #5

How did you do your math? Right now 3500 sols is $23 a day. Not sure how that is less than the $20 you get from nicehash.

Stop buying industrial miners, running them at home, and then complaining about the noise.
Emoclaw
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
July 07, 2017, 06:50:26 PM
 #6

How did you do your math? Right now 3500 sols is $23 a day. Not sure how that is less than the $20 you get from nicehash.
He didn't, nicehash does all the math as they convert to BTC and take some fees.

OP, you should mine Zcash directly to maximize your profits, instead of using nicehash which also has a 3% fee.
a1b1C22
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
July 07, 2017, 07:06:08 PM
 #7

Thank you guys, although mining these days is disappointing, hopefully this will become more lucrative.
Prelude
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000



View Profile
July 07, 2017, 07:09:25 PM
 #8

Thank you guys, although mining these days is disappointing, hopefully this will become more lucrative.

Doubtful. Every noobie that jumped in while profitability was ridiculous and unsustainable are in for one hell of a shock.
Metroid
Sr. Member
****
Offline Offline

Activity: 588
Merit: 272


Xtreme Monster


View Profile
July 07, 2017, 07:19:43 PM
 #9

in 3 weeks or so your 8 gtx 1070 will be making $6 per day and you will remember this day when you were complaining about $20 a day hehe

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
SubZer0
Full Member
***
Offline Offline

Activity: 141
Merit: 100

Knowledge is power.


View Profile
July 07, 2017, 07:22:36 PM
 #10

in 3 weeks or so your 8 gtx 1070 will be making $6 per day and you will remember this day when you were complaining about $20 a day hehe

Why would one 1070 make 1.3 in 3 weeks?
There are a lot of coins to mine so and those cards aren't affected by the increasing dag.
So i don't know why that would be true?

░▄░░▄▄▄
█░█░█▄▀ | ARK.io | Bridging the Blockchain Future |
█░█░█▀▄ | PUTTING THE CURRENCY BACK INTO CRYPTO. |
Metroid
Sr. Member
****
Offline Offline

Activity: 588
Merit: 272


Xtreme Monster


View Profile
July 07, 2017, 07:28:55 PM
 #11

Why would one 1070 make 1.3 in 3 weeks?
There are a lot of coins to mine so and those cards aren't affected by the increasing dag.
So i don't know why that would be true?

ETH profitability crashes all crashes, why do you think the other coins rose because of competition --> eth, if it was not for eth, zcash would still be 0.04 and so other coins, i wonder why i'm wasting my time telling you this, 2009, 2010,2011,2013,2016 and now 2017, always like that. Count on btc for eth to rise up too, every coin has a harpoon to carry them through.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
BitBustah
Hero Member
*****
Offline Offline

Activity: 812
Merit: 505


View Profile
July 07, 2017, 07:30:27 PM
 #12

If you prefer BTC because it's easier to trade, that's another story.

That's why I use NiceHash. If you have another (cheaper or easier) way to make more money (exchanged to btc) with thesame rig, I'm happy to hear it. Thanks Smiley

Be carefull when mining at Zergpool.com - My balance was 49 BSD, only got paid 24 BSD. Balance is 0 BSD now.
Ambros
Hero Member
*****
Offline Offline

Activity: 647
Merit: 500

pool.sexy co-founder


View Profile
July 07, 2017, 07:34:10 PM
 #13

If you prefer BTC because it's easier to trade, that's another story.

That's why I use NiceHash. If you have another (cheaper or easier) way to make more money (exchanged to btc) with thesame rig, I'm happy to hear it. Thanks Smiley
If you wanna go on with the direct BTC experience you are using the best system.

That's why people still use nicehash, because is so damn simple. Let it run and get your BTC. It's your choice.
a1b1C22
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
July 07, 2017, 07:48:03 PM
 #14

in 3 weeks or so your 8 gtx 1070 will be making $6 per day and you will remember this day when you were complaining about $20 a day hehe

every investment could be turn like that, do not moke. remember that nobody knew cryptocurrencies could reach this price. many were fortunate though.
Metroid
Sr. Member
****
Offline Offline

Activity: 588
Merit: 272


Xtreme Monster


View Profile
July 07, 2017, 07:52:46 PM
 #15

every investment could be turn like that, do not moke. remember that nobody knew cryptocurrencies could reach this price. many were fortunate though.

Nobody knew? are you naive or want to? Cryptocoins have limited supply, if you buy and keep buying then price will rise that is business 101, supply demand, people who bought and keep buying knew where this thing would get and they are filthy rich but they will only keep rich if they keep buying it and that by the way is business 101.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
antantti
Legendary
*
Offline Offline

Activity: 1064
Merit: 1002


View Profile
July 07, 2017, 08:11:20 PM
 #16

Why is it so hard to understand?

Nicehash is not a mining pool, it is a marketplace to sell/ buy hash. Just that only currency accepted is btc.

You guys really think nicehashbot buying your hash is doing it for fun?

We are again getting closer to the point where it is cheaper to buy hash than gpu.

Metroid
Sr. Member
****
Offline Offline

Activity: 588
Merit: 272


Xtreme Monster


View Profile
July 07, 2017, 08:25:05 PM
 #17

Nicehash is one of the greatest scams in the crypto market, they are still doing it and people accept it right? which means if people accept their scam it means is not a scam right? hehe

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
antantti
Legendary
*
Offline Offline

Activity: 1064
Merit: 1002


View Profile
July 07, 2017, 08:29:18 PM
 #18

Look at your profits plummeting:

https://cryptowat.ch/kraken/etheur/12h
thesavoyard
Sr. Member
****
Offline Offline

Activity: 448
Merit: 253



View Profile
July 07, 2017, 08:30:32 PM
 #19

Nicehash is one of the greatest scams in the crypto market, they are still doing it and people accept it right? which means if people accept their scam it means is not a scam right? hehe

They scam people buying hash to make it appear profitable with their estimator. You bid on hash and if your bid is highest for the moment you get the hash. So they estimate it will take you 6 months to use up your money at the hash you ask for. What they don't tell you is you will only get hash when you're the top bidder, which will be like 20% of the time. Hash calculators tell you that you will make profit but in reality you only get about 20% of the value of what you paid.

Metroid
Sr. Member
****
Offline Offline

Activity: 588
Merit: 272


Xtreme Monster


View Profile
July 07, 2017, 08:39:07 PM
 #20

They scam people buying hash to make it appear profitable with their estimator. You bid on hash and if your bid is highest for the moment you get the hash. So they estimate it will take you 6 months to use up your money at the hash you ask for. What they don't tell you is you will only get hash when you're the top bidder, which will be like 20% of the time. Hash calculators tell you that you will make profit but in reality you only get about 20% of the value of what you paid.

Well, they need to show the noobs they will get their return of investment in few months. that is how the scam works, asic market is like that too, they make false predictions based on lies and then they say their calculations were not right hehe. Nicehash has been doing that for 3 years, they have become professional scammers but then again some people accept so is their own demise, what I dont like is that some estimate mining websites like whattomine which is probably the very first resource for noobs see nicehash as a hero website which transforms all into btc and many dont understand other coins, they just want bitcoins and noobs fall for that, its a scam within another scam. Greedy as its best, so sad, well they have to make a living right hehe and so they need to suck the blood of others hehe

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!