New to mining need an Advice

[dimpsk]

Hello as I said I'm a bit newbie in terms of mining. I want to try out GPU mining if its possible and got some few questions and hope that someone can help.

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

WTF. Are you really reading the OP or just here to shitpost your way around? I have indicated that electricity is not a factor to consider.

Does it mean electricity is free for you? Totally  free? You pay nothing for it?
If yes than it is not the factor of considering. Trully. The only factor is ROI. How many years  it consumes to  repay the cost of system block and GPU in it. I think now it will be about 2,5 - 3  years apparently. Closer to 3 years.

Otherwise if electricity is not free for you but you think it is cheap and not is the matter of consider - you are wrong. It is matter now.

[DaveWave]

Hello as I said I'm a bit newbie in terms of mining. I want to try out GPU mining if its possible and got some few questions and hope that someone can help.

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

WTF. Are you really reading the OP or just here to shitpost your way around? I have indicated that electricity is not a factor to consider.

Does it mean electricity is free for you? Totally  free? You pay nothing for it?
If yes than it is not the factor of considering. Trully. The only factor is ROI. How many monthes  it consumes to  repay the cost of system block and GPU in it. I think now it will be about 2,5 - 3  years apparently. Closer to 3 years.

Otherwise if electricity is not free for you but you think it is cheap and not is the matter of consider - you are wrong. It is matter now.

Right. So still not worth it. And I am curious, if you are using your employers electricity then the better not to continue your plan. Long ROI and possible consequences when employer knows what you did. In the end it is a no/no situation even if you own that office.

[GoodTrout55]

Hello as I said I'm a bit newbie in terms of mining. I want to try out GPU mining if its possible and got some few questions and hope that someone can help.

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

WTF. Are you really reading the OP or just here to shitpost your way around? I have indicated that electricity is not a factor to consider.

Does it mean electricity is free for you? Totally  free? You pay nothing for it?
If yes than it is not the factor of considering. Trully. The only factor is ROI. How many monthes  it consumes to  repay the cost of system block and GPU in it. I think now it will be about 2,5 - 3  years apparently. Closer to 3 years.

Otherwise if electricity is not free for you but you think it is cheap and not is the matter of consider - you are wrong. It is matter now.

Right. So still not worth it. And I am curious, if you are using your employers electricity then the better not to continue your plan. Long ROI and possible consequences when employer knows what you did. In the end it is a no/no situation even if you own that office.

LOL. You're thinking it the wrong way. I do have a workstation but it doesn't mean I'm employed to a company stealing their resources just to mine coins.

I'm a freelancer so I do own a decent workstation. Let's just be on topic.

@dimpsk. I don't consider the electricity consumption involve since I'm using it at the same time for my freelance works. I have clearly stated that just don't factor in the power consumption thingy.

[dimpsk]

Hello as I said I'm a bit newbie in terms of mining. I want to try out GPU mining if its possible and got some few questions and hope that someone can help.

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

WTF. Are you really reading the OP or just here to shitpost your way around? I have indicated that electricity is not a factor to consider.

Does it mean electricity is free for you? Totally  free? You pay nothing for it?
If yes than it is not the factor of considering. Trully. The only factor is ROI. How many monthes  it consumes to  repay the cost of system block and GPU in it. I think now it will be about 2,5 - 3  years apparently. Closer to 3 years.

Otherwise if electricity is not free for you but you think it is cheap and not is the matter of consider - you are wrong. It is matter now.

Right. So still not worth it. And I am curious, if you are using your employers electricity then the better not to continue your plan. Long ROI and possible consequences when employer knows what you did. In the end it is a no/no situation even if you own that office.

LOL. You're thinking it the wrong way. I do have a workstation but it doesn't mean I'm employed to a company stealing their resources just to mine coins.

I'm a freelancer so I do own a decent workstation. Let's just be on topic.

@dimpsk. I don't consider the electricity consumption involve since I'm using it at the same time for my freelance works. I have clearly stated that just don't factor in the power consumption thingy.

You are still wrong there because power consuption on  GPU rises  dramatically when you started mining. Also probable you'll want to engage it the whole 24 hours instead of usully working schedule to  get some distinguishable amount.

So electricity costs is matter.
But if you already had computer block  and GPU in it your risks here are not very significant.  You can mine and probably earn one free pizza  in a month  (Not more for sure). Or not.  That depends  on electricity costs and coins prices.

[dimpsk]

Hello as I said I'm a bit newbie in terms of mining. I want to try out GPU mining if its possible and got some few questions and hope that someone can help.

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

WTF. Are you really reading the OP or just here to shitpost your way around? I have indicated that electricity is not a factor to consider.

Does it mean electricity is free for you? Totally  free? You pay nothing for it?
If yes than it is not the factor of considering. Trully. The only factor is ROI. How many monthes  it consumes to  repay the cost of system block and GPU in it. I think now it will be about 2,5 - 3  years apparently. Closer to 3 years.

Otherwise if electricity is not free for you but you think it is cheap and not is the matter of consider - you are wrong. It is matter now.

Right. So still not worth it. And I am curious, if you are using your employers electricity then the better not to continue your plan. Long ROI and possible consequences when employer knows what you did. In the end it is a no/no situation even if you own that office.

Yep, i share your point of view.
Alsa the begining with one card can be smart  decision  to  estimate  what is mining from  the inside, but also they should take  the right time.  It is not the right time now.

[manji]

See the OP storyline:

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

Answered

1. yes
2. yes

question no.1 and no.2 were clear. but OP has a problem again for a question no.2

Anyway, I already bought a card and its a 1070ti. Now my problem is that when I use Nicehash, my computer is a bit Laggy. Thus, making the PC unusable for my second purpose which was to make this as my workstation at the same time. Is there any workaround on this so I can still work while my GPU is mining?

(What I'm planning is to put directly my hdmi cable directly to board to use the onboard graphics while running my GPU) Will this be possible?

Just to add. I had been researching for the best Algo to mine using Nvidia GPU. Also nicehash shows Lyra2v2 gives much decent earning. Would love to hear your suggestions about this. Thanks

Answered

--snip--.

Can be happened because of spec your cpu such Processor, RAM.

--snip--

Yes you can do it.

but OP has a question:

Currently I'm using an i3 7th gen procie, and a single stick 8gb ram? Do I need to upgrade these parts?

seems your spec doesn't need to upgrade, its good enough for multitasking. your lag issue caused by your CPU do the mining through NH.

I think the question and the problem of OP has been clearly.

so,

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

so, this post not relevant to OP because OP has been posted

(just ignore the electricity consumption factor).

[GoodTrout55]

Thanks @manji for pointing that one out. Sorry @dimsk but I just want to stay on topic on my questions and you advising on the power consumption factor wasn't helping answer my queries.

seems your spec doesn't need to upgrade, its good enough for multitasking. your lag issue caused by your CPU do the mining through NH.

Yeah, I have done disabling the cpu mining on the setting of nicehash but still getting a little laggy. Also, I have used a CCminer, its not that laggy like nicehash but giving me lesser hashrate than nicehash.

[Cryptoipad]

Yes me an advice should be mining need the wolrld level business.you might be feeling a bit mining if you’ve got any money invested in them.my suspect is that most of the machines that weren't profitable now are. I also understand that old machines can compute less bitcoin as the difficulty increases with the number of machines mining.an advice on good profitable growth the mining industry.I would like to start mining, but without a big investment. I want to see if I like it and if I want to invest more time, money, energy on it.

[dimpsk]

See the OP storyline:

1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).

2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)

Answered

1. yes
2. yes

question no.1 and no.2 were clear. but OP has a problem again for a question no.2

Anyway, I already bought a card and its a 1070ti. Now my problem is that when I use Nicehash, my computer is a bit Laggy. Thus, making the PC unusable for my second purpose which was to make this as my workstation at the same time. Is there any workaround on this so I can still work while my GPU is mining?

(What I'm planning is to put directly my hdmi cable directly to board to use the onboard graphics while running my GPU) Will this be possible?

Just to add. I had been researching for the best Algo to mine using Nvidia GPU. Also nicehash shows Lyra2v2 gives much decent earning. Would love to hear your suggestions about this. Thanks

Answered

--snip--.

Can be happened because of spec your cpu such Processor, RAM.

--snip--

Yes you can do it.

but OP has a question:

Currently I'm using an i3 7th gen procie, and a single stick 8gb ram? Do I need to upgrade these parts?

seems your spec doesn't need to upgrade, its good enough for multitasking. your lag issue caused by your CPU do the mining through NH.

I think the question and the problem of OP has been clearly.

so,

Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse

so, this post not relevant to OP because OP has been posted

(just ignore the electricity consumption factor).

You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.

[Patuba]

I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.

Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.

[Max Likelihood]

I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.

Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.

One suggestion I hear sometimes with 1 or 2 gpus is to beat the bushes for the next coin that will have some kind of pump, jump in early when you can get a few, then sell high. Easier said than done, but I did make it work with zclassic and I believe many have with ravencoin, sure there are others. Speculative mining--just a game, really, if you already have the gpu. Takes some pressure off to generate steady substantial income.

[PranDoW]

It is still profitable, but not profitable as a few months ago. As we can see cost of sime coins deacrease and difficulty increase. I think you can start with 1 card its gonna give you expirence and later you can decide drop minning or buy more gpu

[Mi5h0]

You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.

How is it not profitable if I have (for discussion purposes only) free electricity?

[qwertyking]

It is still profitable, but not profitable as a few months ago. As we can see cost of sime coins deacrease and difficulty increase. I think you can start with 1 card its gonna give you expirence and later you can decide drop minning or buy more gpu

totally agree. It is now making around $1.5 revenue per day with one 1080ti in rig, every week you gain a free pizza and at the same time you get experienced. If there is going to be another blooming season you will not miss it.

[Spill]

You're doing it right,  Just like i did when i started in october 2016 with 1 Rx480.

[manji]

You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.

OP doesn't focus on electricity although you mention an electricity cost effect to profit, but a problem primary not that. let's focus on a specific problem although I know problem profit can be influenced another factor and OP has been confirming:

Sorry @dimsk but I just want to stay on topic on my questions and you advising on the power consumption factor wasn't helping answer my queries.

[GoodTrout55]

Thanks for the reply but dimpsk is insisting on the power consumption factor on which I don't want to focus right now. I know if I fully pursue mining as an investment I need to take inconsideration the power consumption. Let dimpsk know that I'm just in for experience and knowledge to study if its feasible or not. I know I need to take consideration the electricity used but not know.

*I've got some few questions to know though, about what's the best algo to use using Nvdia GPU, since its not that as scarce as AMD. I do know that I can make a bit more profit if I use AMD but the supply is the problem, whats the best coin to mine And my recent question about nicehash thing and other apps used to mine like ccminer.

edit. I do intend to ignore others advising gibberish thing which was not what my OP intended. As we know this forum is full of shitposters just like this one.

Yes me an advice should be mining need the wolrld level business.you might be feeling a bit mining if you’ve got any money invested in them.my suspect is that most of the machines that weren't profitable now are. I also understand that old machines can compute less bitcoin as the difficulty increases with the number of machines mining.an advice on good profitable growth the mining industry.I would like to start mining, but without a big investment. I want to see if I like it and if I want to invest more time, money, energy on it.

[dimpsk]

You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.

OP doesn't focus on electricity although you mention an electricity cost effect to profit, but a problem primary not that. let's focus on a specific problem although I know problem profit can be influenced another factor and OP has been confirming:

Sorry @dimsk but I just want to stay on topic on my questions and you advising on the power consumption factor wasn't helping answer my queries.

Some times they do not know what the question to ask.
And I am very close to this matter. I have a rig, I mined different coins on different algos and cards.  Better do not argue with me but ask me about real experience

[butka]

I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.

Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.

This is probably the best strategy to earn something with one GPU. Mine new coins with low difficulty and hope they would be worth something in the long run.

[manji]

*I've got some few questions to know though, about what's the best algo to use using Nvdia GPU, since its not that as scarce as AMD. I do know that I can make a bit more profit if I use AMD but the supply is the problem, whats the best coin to mine And my recent question about nicehash thing and other apps used to mine like ccminer.

For NVIDIA 1080'ti or 1070'ti, NeoScrypt coins be a good choice but strong enough in Ethash algorithm equal to RX580 8GB or may more almost reach Vega. I suggest NSGminer for mine NeoScrypt nor Ethash you can use Claymore.