mining with nicehash so far...

[aliitp]

I have been mining with nicehash for quite some time with my 1080 Ti
At first it was doing nearly 10$/day (which was amazing!!) then thing gone down the hill doing just 1-2$/day these days...
I imagine if i mine ETH it will do even much less than that since nicehash i believe have been always giving the highest pay possible + ETH price dropped to 440$~ only !!...

Is there is other platform i can mine with while doing say 3$+/day ? and is it feasible to buy a second 1080 Ti or not really ??

note: power cost over here is: 0.082$ kwh which is not bad but still high if u ask me

any thoughts or advises greatly appreciated...

[Guvn0r]

I have been mining with nicehash for quite some time with my 1080 Ti
At first it was doing nearly 10$/day (which was amazing!!) then thing gone down the hill doing just 1-2$/day these days...
I imagine if i mine ETH it will do even much less than that since nicehash i believe have been always giving the highest pay possible + ETH price dropped to 440$~ only !!...

Is there is other platform i can mine with while doing say 3$+/day ? and is it feasible to buy a second 1080 Ti or not really ??

note: power cost over here is: 0.082$ kwh which is not bad but still high if u ask me

any thoughts or advises greatly appreciated...

miningrigrentals is an alternative, but i don't think there is anything more profitable than nicehash.. I have been mining with few scrypt miners myself and I know what you are talking about...I would suggest that you can sell these cards at a decent price now, because I don't think the profit is going to get better even if you try to mine ETH directly.. the chances of you making a decent profit if you decide to mine and hold any coins is also not that attractive..once, people used to mine new coins and then hold them for long time and sell it and make huge profits... i see that there are few new algos like PHI1 etc..you may want to check them out...

[jgaspar]

I believe, that mining could be still profitable, but it takes so much time to research and so much skill to set everything properly, and if you take help from guys outside they take $1000 for the gathering process only, lol.

[odolvlobo]

If your electricity cost is $0.082/kwh, then the mining cost is probably about $1-$2 per day. If your revenue is about $1-$2 per day, you are not making any money.

[Indamuck]

Your electricity is too expensive to compete with other miners.  If you even do make a profit its going to be extremely small.  your only hope is to mine new coins with low difficulty that no one else is mining, but this is very risky and you could end up with worthless shitcoins.

[richardsNY]

your only hope is to mine new coins with low difficulty that no one else is mining, but this is very risky and you could end up with worthless shitcoins.

It's gambling. You either win or lose, which isn't something you want to expose yourself to if you plan to get a consistent as possible income stream from mining. There are plenty of coins to mine with low difficulty, but only a very few of them will see an increase in price, and even fewer will actually get pumped. Mining in general is subject to far too many negative variables that eventually will turn out to be as you think it will be, which is negative. Difficulties keep going up, even when the price might not reflect being worth a difficulty increase, so you are trying to go against the nature of the beast that is called mining. Ride the beast or ditch it, don't challenge it....

[aliitp]

your only hope is to mine new coins with low difficulty that no one else is mining, but this is very risky and you could end up with worthless shitcoins.

It's gambling. You either win or lose, which isn't something you want to expose yourself to if you plan to get a consistent as possible income stream from mining. There are plenty of coins to mine with low difficulty, but only a very few of them will see an increase in price, and even fewer will actually get pumped. Mining in general is subject to far too many negative variables that eventually will turn out to be as you think it will be, which is negative. Difficulties keep going up, even when the price might not reflect being worth a difficulty increase, so you are trying to go against the nature of the beast that is called mining. Ride the beast or ditch it, don't challenge it....

My electricity cost is 0.082$/kwh NOT 0.82$ as someone suggested, and although id like it to be free, i dont think it is expensive since am living in the UAE which is supposedly and oil rich country, but ya as i said i wish it was cheaper, i know in some US States it costs like 0.1$/kwh, what is the power cost at your country ??...

[leowonderful]

your only hope is to mine new coins with low difficulty that no one else is mining, but this is very risky and you could end up with worthless shitcoins.

It's gambling. You either win or lose, which isn't something you want to expose yourself to if you plan to get a consistent as possible income stream from mining. There are plenty of coins to mine with low difficulty, but only a very few of them will see an increase in price, and even fewer will actually get pumped. Mining in general is subject to far too many negative variables that eventually will turn out to be as you think it will be, which is negative. Difficulties keep going up, even when the price might not reflect being worth a difficulty increase, so you are trying to go against the nature of the beast that is called mining. Ride the beast or ditch it, don't challenge it....

My electricity cost is 0.082$/kwh NOT 0.82$ as someone suggested, and although id like it to be free, i dont think it is expensive since am living in the UAE which is supposedly and oil rich country, but ya as i said i wish it was cheaper, i know in some US States it costs like 0.1$/kwh, what is the power cost at your country ??...

I personally actually have an electrical rate of $0.065/kWh, and I reside in the USA- there are many places where you can even get electricity for a bit lower than what I have.

If you're in for a gamble, you can mine lower marketcap and difficulty coins and try to make a quick buck like you mentioned before- there are indeed people who have succeeded with this method and regularly talk about it in the Altcoin Mining section, but I think it's just too risky. Your best option for mining's just to keep mining with Nicehash or mine on a pool with your own software, $0.082/kWh really isn't too bad for mining.

[aliitp]

your only hope is to mine new coins with low difficulty that no one else is mining, but this is very risky and you could end up with worthless shitcoins.

It's gambling. You either win or lose, which isn't something you want to expose yourself to if you plan to get a consistent as possible income stream from mining. There are plenty of coins to mine with low difficulty, but only a very few of them will see an increase in price, and even fewer will actually get pumped. Mining in general is subject to far too many negative variables that eventually will turn out to be as you think it will be, which is negative. Difficulties keep going up, even when the price might not reflect being worth a difficulty increase, so you are trying to go against the nature of the beast that is called mining. Ride the beast or ditch it, don't challenge it....

My electricity cost is 0.082$/kwh NOT 0.82$ as someone suggested, and although id like it to be free, i dont think it is expensive since am living in the UAE which is supposedly and oil rich country, but ya as i said i wish it was cheaper, i know in some US States it costs like 0.1$/kwh, what is the power cost at your country ??...

I personally actually have an electrical rate of $0.065/kWh, and I reside in the USA- there are many places where you can even get electricity for a bit lower than what I have.

If you're in for a gamble, you can mine lower marketcap and difficulty coins and try to make a quick buck like you mentioned before- there are indeed people who have succeeded with this method and regularly talk about it in the Altcoin Mining section, but I think it's just too risky. Your best option for mining's just to keep mining with Nicehash or mine on a pool with your own software, $0.082/kWh really isn't too bad for mining.

what a shame here it costs 0.082 $ kwh while its an oil rich country !!...
I think if you get free power you double or triple your profits or even better, for example the S9 will cost me 70$+ in electricity every month ! and earnings just 45$/mo, its all about power i guess

[leowonderful]

your only hope is to mine new coins with low difficulty that no one else is mining, but this is very risky and you could end up with worthless shitcoins.

It's gambling. You either win or lose, which isn't something you want to expose yourself to if you plan to get a consistent as possible income stream from mining. There are plenty of coins to mine with low difficulty, but only a very few of them will see an increase in price, and even fewer will actually get pumped. Mining in general is subject to far too many negative variables that eventually will turn out to be as you think it will be, which is negative. Difficulties keep going up, even when the price might not reflect being worth a difficulty increase, so you are trying to go against the nature of the beast that is called mining. Ride the beast or ditch it, don't challenge it....

My electricity cost is 0.082$/kwh NOT 0.82$ as someone suggested, and although id like it to be free, i dont think it is expensive since am living in the UAE which is supposedly and oil rich country, but ya as i said i wish it was cheaper, i know in some US States it costs like 0.1$/kwh, what is the power cost at your country ??...

I personally actually have an electrical rate of $0.065/kWh, and I reside in the USA- there are many places where you can even get electricity for a bit lower than what I have.

If you're in for a gamble, you can mine lower marketcap and difficulty coins and try to make a quick buck like you mentioned before- there are indeed people who have succeeded with this method and regularly talk about it in the Altcoin Mining section, but I think it's just too risky. Your best option for mining's just to keep mining with Nicehash or mine on a pool with your own software, $0.082/kWh really isn't too bad for mining.

what a shame here it costs 0.082 $ kwh while its an oil rich country !!...
I think if you get free power you double or triple your profits or even better, for example the S9 will cost me 70$+ in electricity every month ! and earnings just 45$/mo, its all about power i guess

It's been about power ever since PoW was implemented, and it will increasingly be in the future if this bear market continues. I'm not even considering SHA256 ASICs anymore for the time being because of difficulty continuing upwards and the price of BTC mostly going downwards. Even with Bitmain lowering their prices regularly, the risk still outweighs the possible reward in the aging S9.

As for a possible expansion of your mining operation, I would hold off on it until coin prices rise or better gear comes out. Card prices are still pretty unreasonable for most locales, and low profitability makes buying GPUs risky still.

Another question- are you using ETHlargement for your 1080Ti? It significantly increases your hashrate for basically no cost in ETH. You're missing out on a lot if you aren't; here's the link if so.

[odolvlobo]

what a shame here it costs 0.082 $ kwh while its an oil rich country !!...
I think if you get free power you double or triple your profits or even better, for example the S9 will cost me 70$+ in electricity every month ! and earnings just 45$/mo, its all about power i guess

Are saying you pay $70 in electricity for $45 in coins, or is that $45 after deducting the cost of electricity?

[aliitp]

what a shame here it costs 0.082 $ kwh while its an oil rich country !!...
I think if you get free power you double or triple your profits or even better, for example the S9 will cost me 70$+ in electricity every month ! and earnings just 45$/mo, its all about power i guess

Are saying you pay $70 in electricity for $45 in coins, or is that $45 after deducting the cost of electricity?

45$ profit only after deducting 70$ in electricity, so ya if electricity was free i wouldbe doing 115~$/mo, i guess that the true reality sux after all !...

[aliitp]

your only hope is to mine new coins with low difficulty that no one else is mining, but this is very risky and you could end up with worthless shitcoins.

It's gambling. You either win or lose, which isn't something you want to expose yourself to if you plan to get a consistent as possible income stream from mining. There are plenty of coins to mine with low difficulty, but only a very few of them will see an increase in price, and even fewer will actually get pumped. Mining in general is subject to far too many negative variables that eventually will turn out to be as you think it will be, which is negative. Difficulties keep going up, even when the price might not reflect being worth a difficulty increase, so you are trying to go against the nature of the beast that is called mining. Ride the beast or ditch it, don't challenge it....

My electricity cost is 0.082$/kwh NOT 0.82$ as someone suggested, and although id like it to be free, i dont think it is expensive since am living in the UAE which is supposedly and oil rich country, but ya as i said i wish it was cheaper, i know in some US States it costs like 0.1$/kwh, what is the power cost at your country ??...

I personally actually have an electrical rate of $0.065/kWh, and I reside in the USA- there are many places where you can even get electricity for a bit lower than what I have.

If you're in for a gamble, you can mine lower marketcap and difficulty coins and try to make a quick buck like you mentioned before- there are indeed people who have succeeded with this method and regularly talk about it in the Altcoin Mining section, but I think it's just too risky. Your best option for mining's just to keep mining with Nicehash or mine on a pool with your own software, $0.082/kWh really isn't too bad for mining.

what a shame here it costs 0.082 $ kwh while its an oil rich country !!...
I think if you get free power you double or triple your profits or even better, for example the S9 will cost me 70$+ in electricity every month ! and earnings just 45$/mo, its all about power i guess

It's been about power ever since PoW was implemented, and it will increasingly be in the future if this bear market continues. I'm not even considering SHA256 ASICs anymore for the time being because of difficulty continuing upwards and the price of BTC mostly going downwards. Even with Bitmain lowering their prices regularly, the risk still outweighs the possible reward in the aging S9.

As for a possible expansion of your mining operation, I would hold off on it until coin prices rise or better gear comes out. Card prices are still pretty unreasonable for most locales, and low profitability makes buying GPUs risky still.

Another question- are you using ETHlargement for your 1080Ti? It significantly increases your hashrate for basically no cost in ETH. You're missing out on a lot if you aren't; here's the link if so.

But dont you think its a good idea grabbing few S9's at the moment while I can assuming BTC prices might rise again in the future ...

Oh My God !! Thanks a Lot for the ETHlargement thing you recommended to me !! Mining ETH only on my Highly OC'd 1080Ti was doing 30 MH/sec, with this exe it jumped straight to 46 MH/sec, not sure what it does, but i sure like to see it lowering power consumption, and i hope to see something similar to the S9s

thanks a bunch !!...

[shield132]

I have been mining with nicehash for quite some time with my 1080 Ti
At first it was doing nearly 10$/day (which was amazing!!) then thing gone down the hill doing just 1-2$/day these days...
I imagine if i mine ETH it will do even much less than that since nicehash i believe have been always giving the highest pay possible + ETH price dropped to 440$~ only !!...

Is there is other platform i can mine with while doing say 3$+/day ? and is it feasible to buy a second 1080 Ti or not really ??

note: power cost over here is: 0.082$ kwh which is not bad but still high if u ask me

any thoughts or advises greatly appreciated...

Nicehash gives you really the highest profit, if you turn on ether, currently with the stats of whattomine.com ethereum is less profitable then nicehash but metaverse is on top and it's profitability is 0.07-0.08$ higher in 24 hour.
If you can run on long term, you can mine other coins, for example mine neoscrypt coins and collect, then sell them when price rises.
For example they were very profitable this winter and you could ROI your gtx1080 in two month. But maybe worths to mine on nicehash, withdraw bitcoins and hold them.
And oh. do you have your GPU overclocked?

[mobnepal]

Rather than buying another 1080 Ti buy a9 zmaster (only shipping after september) or for lower budget buy antminer z9 mini (they are selling it right now). Both have high profitability even at current bear market and you might get full return within 90 days, obviously this might change according to different factors including price of electricity and downtime.

I find https://www.asicminervalue.com/ quite informational regarding mining hardwares but I am not mining anything right now.