Bitcoin Forum
December 11, 2017, 09:09:31 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: Mining Zcash  (Read 3069 times)
tf2addict
Full Member
***
Offline Offline

Activity: 168


View Profile
September 27, 2017, 07:37:40 PM
 #1

Some incredible mining profit spikes on Zcash since last night but they only last a few minutes.  My rig makes about $8-9 per day the last week mining ETH/DCR or Zcash and last night Zcash spiked to $11.50 for a few minutes.

I'm even mining it with my AMD cards.  I did not realize how little power 570s and 580s use to mine Zcash compared to ETH and ETH/dual mining.  My 4 AMD cards are using almost 300W less when mining ZCash vs ETH/DCR!  That works out to about 75 cents per day saved on power and everything runs much cooler.  So now I am factoring that into my decisions about what to mine.
1513026571
Hero Member
*
Offline Offline

Posts: 1513026571

View Profile Personal Message (Offline)

Ignore
1513026571
Reply with quote  #2

1513026571
Report to moderator
1513026571
Hero Member
*
Offline Offline

Posts: 1513026571

View Profile Personal Message (Offline)

Ignore
1513026571
Reply with quote  #2

1513026571
Report to moderator
1513026571
Hero Member
*
Offline Offline

Posts: 1513026571

View Profile Personal Message (Offline)

Ignore
1513026571
Reply with quote  #2

1513026571
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513026571
Hero Member
*
Offline Offline

Posts: 1513026571

View Profile Personal Message (Offline)

Ignore
1513026571
Reply with quote  #2

1513026571
Report to moderator
1513026571
Hero Member
*
Offline Offline

Posts: 1513026571

View Profile Personal Message (Offline)

Ignore
1513026571
Reply with quote  #2

1513026571
Report to moderator
Kstin
Member
**
Offline Offline

Activity: 60


View Profile
September 27, 2017, 08:05:27 PM
 #2

Dual mining is very energy-consuming

rdluffy
Member
**
Online Online

Activity: 119


View Profile
September 27, 2017, 08:08:37 PM
 #3

The most profitable coin to mine is one with lower difficulty

Every person change to Zcash and profitability will go down
Vann
Sr. Member
****
Online Online

Activity: 448


View Profile
September 27, 2017, 08:31:31 PM
 #4

Double check your figures at the wall. There is no way mining ZEC with RX 570/580's uses 75 W less per card than dual mining ETH+DCR using the same undervolt settings. Mining Monero, maybe. I'm actually getting almost the same power usage as dual mining since ZEC uses a much higher core clock than mining ETH.
bearsworth
Sr. Member
****
Offline Offline

Activity: 363



View Profile
September 27, 2017, 09:13:31 PM
 #5

Double check your figures at the wall. There is no way mining ZEC with RX 570/580's uses 75 W less per card than dual mining ETH+DCR using the same undervolt settings. Mining Monero, maybe. I'm actually getting almost the same power usage as dual mining since ZEC uses a much higher core clock than mining ETH.

I find monero to be a better coin for AMD especially with the cheap 570s.

Bitrated user: cryptomark.
bouldou
Full Member
***
Offline Offline

Activity: 126


View Profile
September 27, 2017, 10:05:33 PM
 #6

Interesting : I'm also considering switching to Zcash mining... I did not think about the electricity cost, but it makes it even more interesting Smiley

Thanks for the feedback

▀     DeepOnion  |  TOR Integrated & Secured  [ Facebook  Telegram  Bitcointalk  Twitter  Youtube  Reddit ]     ▀
Your Anonymity Guaranteed  ★  Your Assets Secured by TOR  ★  Guard Your Privacy!   ❱❱❱ JOIN AIRDROP NOW!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  File Authenticity Guaranteed by DeepVault  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
namjey
Member
**
Offline Offline

Activity: 115

Hello crypto-world!


View Profile
September 27, 2017, 10:07:24 PM
 #7

If the electric cost is not a problem like me, i think dual is still best mining option for many cards
fanatic26
Hero Member
*****
Offline Offline

Activity: 560


View Profile
September 27, 2017, 10:45:20 PM
 #8

After the difficulty bomb last week ZEC has been a good 30% more profitable than ETH to mine.

This only matters if you are immediately selling the coins. For some reason people think that if they mine the coin while its most profitable they make more. This is absolutely not the case is the only number that matters is the price when you convert it to something else.

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.

Stop buying industrial miners, running them at home, and then complaining about the noise.
pfft
Member
**
Online Online

Activity: 98


View Profile
September 28, 2017, 12:01:10 AM
 #9

After the difficulty bomb last week ZEC has been a good 30% more profitable than ETH to mine.

This only matters if you are immediately selling the coins. For some reason people think that if they mine the coin while its most profitable they make more. This is absolutely not the case is the only number that matters is the price when you convert it to something else.

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.
Where we can convert the coin ?
Gambler_btc
Member
**
Offline Offline

Activity: 69


View Profile
September 28, 2017, 12:02:47 AM
 #10

After the difficulty bomb last week ZEC has been a good 30% more profitable than ETH to mine.

This only matters if you are immediately selling the coins. For some reason people think that if they mine the coin while its most profitable they make more. This is absolutely not the case is the only number that matters is the price when you convert it to something else.

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.

Same for me, been mining zcash for months.
QuintLeo
Hero Member
*****
Offline Offline

Activity: 910


View Profile
September 28, 2017, 12:52:38 AM
 #11

Double check your figures at the wall. There is no way mining ZEC with RX 570/580's uses 75 W less per card than dual mining ETH+DCR using the same undervolt settings. Mining Monero, maybe. I'm actually getting almost the same power usage as dual mining since ZEC uses a much higher core clock than mining ETH.

 Not per card, but on an entire 4 card rig it seems LIKELY as that would only be a bit over 10% of TDP per card.

Dual mining DOES eat noticeably more power, as it is designed to stress more of the card than single-algo mining does.


 Nicehash isn't always "throwing your money away" - sometimes it's MORE profitable due to how their market works.

leonix007
Sr. Member
****
Offline Offline

Activity: 392


Oh Look! Bitcoin is Growing!


View Profile
September 28, 2017, 12:55:17 AM
 #12

Quote

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.

I did simulations on this pools, using nicehash pool directly converted to BTC payments and ethermine pool which is transferred to exchange wallets then convert them to BTC in mining ETH, only to find out minimal differences and sometimes the same profits, In my case I need to cash out payments to pay out costs so I don't basically wait for a longer time hoping for coins spike price.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
CoinPayments
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
boo50
Sr. Member
****
Offline Offline

Activity: 252


NIBIRUPOOL.COM


View Profile
September 28, 2017, 02:33:15 AM
 #13

The most profitable coin to mine is one with lower difficulty
that's true.
best strategy in to find promising coin with low diff, mine good amount of coins and wait for a good price.

shibob
Full Member
***
Offline Offline

Activity: 140



View Profile
September 28, 2017, 02:46:07 AM
 #14

The most profitable coin to mine is one with lower difficulty
that's true.
best strategy in to find promising coin with low diff, mine good amount of coins and wait for a good price.

Yeah I'm moving to mine some new coins. The difficulty of ZEC is almost double.

                                                                                 Fully scalable freelancing market    ✔︎     ǀ      Follow us & check our whitepaper 
C R Y P T O T A S K     ǀ     Decentralized task market     ǀ     Low fees - no limits - task market    ✔︎     ǀ                                                                           
                                                                                           Earn money by being a reviewer     ✔︎     ǀ      Website    Announcement    Twitter    Facebook
crazydane
Full Member
***
Offline Offline

Activity: 154


View Profile
September 28, 2017, 03:04:41 AM
 #15

Yeah, switch to ZEN.  Wink
Bitcollector
Member
**
Offline Offline

Activity: 67


View Profile
September 28, 2017, 04:15:00 AM
 #16

Yeah, switch to ZEN.  Wink

ZEN is more profitable?
QuintLeo
Hero Member
*****
Offline Offline

Activity: 910


View Profile
September 29, 2017, 02:39:25 AM
 #17

ZEN is sometimes a little more profitable than ZEC - used the same mining software, just change the pool you point at and the payout address.

 It's similar to the ETH / ETC divide - same algorithm, different blockchains.


jmigdlc99
Sr. Member
****
Offline Offline

Activity: 252


View Profile
September 29, 2017, 03:32:36 AM
 #18

Before everyone else switches to zcash, you would only really have made much money in the Zcash spike if you had previously been mining zcash then sold your bag while it was at the top. Zcash value is back to the 300$ and while it is still good, is different from the opportunity we had a day before this post. Benchmark your rigs and calculate profit with electricity consumption of zcash before switching. Good luck miners.

car1999
Full Member
***
Offline Offline

Activity: 168


View Profile
September 29, 2017, 03:40:44 AM
 #19

I"ve switched my 2 gtx1060*9 rigs from ETH to zcash, I use miningpoolhub to auto exchange zcash to bitcoin.
toptek
Legendary
*
Offline Offline

Activity: 1120


View Profile
September 29, 2017, 05:17:52 AM
 #20

Some incredible mining profit spikes on Zcash since last night but they only last a few minutes.  My rig makes about $8-9 per day the last week mining ETH/DCR or Zcash and last night Zcash spiked to $11.50 for a few minutes.

I'm even mining it with my AMD cards.  I did not realize how little power 570s and 580s use to mine Zcash compared to ETH and ETH/dual mining.  My 4 AMD cards are using almost 300W less when mining ZCash vs ETH/DCR!  That works out to about 75 cents per day saved on power and everything runs much cooler.  So now I am factoring that into my decisions about what to mine.

yup indeed but for how long ...

 i have all ways mined Zec no matter what, sense it came out last OCt 2016 live . and it has lasted, I'm impressed, I like the idea, i guess, is why and like it more then ETH ...
Pages: [1] 2 3 4 »  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!