Mining with my PC - Already got the HW

[Kathan]

Hey guys!

I got a clear vision of my Bitcoin future with my fiat Money, but there is another point that got my attention:

I read some Threads where people ask about how profitable it would be to purchase an assic and so on, but i could not find a thread where someone already got usable hardware.

My question is:
As i already got an decent Hardware, is it profitable to mine when i am not around?

I got an i5-3570 and an ati hd7950 and i wonder if i could mine some BTC or some alts in the time that i do not use my PC.

That means i could mine like 18h/day and since i live in germany, my kWh is quite expensive with 25,8ct/kWh (EUR).

People are always mentioning the difficulty to reach the ROI, but since i got some hardware..that would be irrelevant.

So its all about outcoming BTC against electricity bill (sounds like an really awkward Super-Hero Movietitle)

My final question is: Is there a good calculator that i can use or does someone got some opinion/advice for me?

Surely, this is a newbie question and i apologize for the time that you spent with my problem, but this would solve some mysteries for me

[mocacinno]

Hey guys!

I got a clear vision of my Bitcoin future with my fiat Money, but there is another point that got my attention:

I read some Threads where people ask about how profitable it would be to purchase an assic and so on, but i could not find a thread where someone already got usable hardware.

My question is:
As i already got an decent Hardware, is it profitable to mine when i am not around?

I got an i5-3570 and an ati hd7950 and i wonder if i could mine some BTC or some alts in the time that i do not use my PC.

That means i could mine like 18h/day and since i live in germany, my kWh is quite expensive with 25,8ct/kWh (EUR).

People are always mentioning the difficulty to reach the ROI, but since i got some hardware..that would be irrelevant.

So its all about outcoming BTC against electricity bill (sounds like an really awkward Super-Hero Movietitle)

My final question is: Is there a good calculator that i can use or does someone got some opinion/advice for me?

Surely, this is a newbie question and i apologize for the time that you spent with my problem, but this would solve some mysteries for me

the answer is somewhere between "not in a million years" and "no way". CPU/GPU mining Bitcoin has been death for years now. Since you asked about altcoins: that might be possible, but you should ask this question in the altcoin mining subforum. The guys that frequent that part of the board will probably be able to give you some usefull advice about that topic

Since this question comes up more than it should, i generated a calculator to prove this statement:
https://www.mocacinno.com/nonspecialisedmininghardware.php

If the table is TL;DR; here's the breakdown:
At 20 cents (dollarcents) / Kwu, your i5 will mine at a net loss of $131,39/year. Your GPU will mine at a net loss of about $490/year (it is more efficient, but it draws a lot more expensive power).

Like i said: altcoin mining *might* be something you can do, altough at your electricity rate (which is about the same as mine, i actually live in a country neighboring Germany), i highly doubt you'll make some money (but in the altcoin section, i can be wrong)

[Kathan]

Wow! That was a quick and good answer.

Thank you!

But how about the GPU? Is that also an obsolete amount of computing capacity?

[Mister1k]

Wow! That was a quick and good answer.

Thank you!

But how about the GPU? Is that also an obsolete amount of computing capacity?

GPU mining is profitable and you can mine the bitcoin, ethereum, LTC and monero with the multiple cards. However, you can expect the profit rate according to the number of cards since the hash rate of the each cards will not be compare to the ASIC hardwares.
You have purchase cards like 1080ti or 1070i Nvidia and Radeon model cards to start the mining with the good amount of profit you can expected.

Still by calculating the hash rate of the each cards and then check with the mining calculators available in the online.

[pbuva]

Wow! That was a quick and good answer.

Thank you!

But how about the GPU? Is that also an obsolete amount of computing capacity?

GPU mining is profitable and you can mine the bitcoin, ethereum, LTC and monero with the multiple cards. However, you can expect the profit rate according to the number of cards since the hash rate of the each cards will not be compare to the ASIC hardwares.
You have purchase cards like 1080ti or 1070i Nvidia and Radeon model cards to start the mining with the good amount of profit you can expected.

Still by calculating the hash rate of the each cards and then check with the mining calculators available in the online.

No, you can not get bitcoin with 1080ti. You can benefit from other currencies and sell them for BTC, or let them pay straight at BTC - Nicehash etc ...

[n00bsaibot]

Wow! That was a quick and good answer.

Thank you!

But how about the GPU? Is that also an obsolete amount of computing capacity?

Definitely not obsolete but it will not make you rich. If you want to make a decent amount of $ you will have to shell out some $$$ first for a decent hardware (GPUs, PSU). As mentioned above by other guys on here, you will have to calculate your electric price into all of these since it will push your monthly bill up.

[Ryuh]

With that power cost and the hardware you have i don't think you can be profitable at all.
The only option i can see for you is to mine some alt coins and hold them for a long time in hoping the price will rise enough.
Germany is a great country, but have one of the most expensive electric power in the whole world.
I mine at 0.08 ct/kWh and it takes like 20% of my earnings.

[mittooss]

Yes I do fully agree with the fact that mining Bitcoin with is almost impossible. Rather keep a close look on the announcements and mine the altcoins answer if possible hold it for longer periods.

[ShirKhan76]

A good profit calculate for GPU and ASIC mining is https://whattomine.com

[ipan kh]

a good idea dev i am interested in this project and i follow you

[Kathan]

A good profit calculate for GPU and ASIC mining is https://whattomine.com

Thats a nice link, thank you.

I calculated it myself now..and it seems that i will lose money even with my GPU already bought..
The only way would be to mine alts and hoping they raise in price..but thats a little to risky in my personal case.

[n00bsaibot]

A good profit calculate for GPU and ASIC mining is https://whattomine.com

Thats a nice link, thank you.

I calculated it myself now..and it seems that i will lose money even with my GPU already bought..
The only way would be to mine alts and hoping they raise in price..but thats a little to risky in my personal case.

If you do you research and somehow manage figure out next alt that will shoot sky high - you can be golden. But all that has very BIG IF .... your electricity price is a killer 

[Kathan]

A good profit calculate for GPU and ASIC mining is https://whattomine.com

Thats a nice link, thank you.

I calculated it myself now..and it seems that i will lose money even with my GPU already bought..
The only way would be to mine alts and hoping they raise in price..but thats a little to risky in my personal case.

If you do you research and somehow manage figure out next alt that will shoot sky high - you can be golden. But all that has very BIG IF .... your electricity price is a killer 

Right and that makes me feel uncomfortable.
I will not mine for BTC/Alts right now.

Maybe in the future, but not right now =)

[SimonBeCoinin]

Mining with a computer you use at home will not save you money. We suggest that you buy Bitcoin mining equipment from Bitmain. If you can find it, you can also buy old devices like the S7.

[oddity2505]

Mining with a computer you use at home will not save you money. We suggest that you buy Bitcoin mining equipment from Bitmain. If you can find it, you can also buy old devices like the S7.

It's definitely not worth buying old devices like S7 if you have such a high electricity price. It's not that profit will be small, it's actually even worse - electricity price for running it would be higher than the generated income. Using old videocards like 7950 also won't be profitable.

[joshuajones02]

Man, you could do mining (altcoins) but I wouldn't do it for profit but rather as a hobby or as something fun because with your electricity cost it'll be hard to break even and you'll find yourself just breaking even or only making a small profit (if the coin you are mining doesn't take a dump).