Monero GPU mining, is it worth it?

[huntingthesnark]

Yahh ROI 600 days, but your gpu dead after 200 days

Dead after 200 days? You're doing something wrong, sir...

[Mattthev]

Instead of 1050ti is much better RX560 4GB for Monero mining. Even 2GB should be still fine, but not for other algos like CN-Heavy.
i3 is waste of money. You won't mine enough for ROI anyway pretty much every newer Celeron is enough for 6 GPUs even more.
I have in my rigs G3930, works just fine and you can mine with 1 thread for example AEON, but it is slow of course.

[darklus123]

Instead of 1050ti is much better RX560 4GB for Monero mining. Even 2GB should be still fine, but not for other algos like CN-Heavy.
i3 is waste of money. You won't mine enough for ROI anyway pretty much every newer Celeron is enough for 6 GPUs even more.
I have in my rigs G3930, works just fine and you can mine with 1 thread for example AEON, but it is slow of course.

Well I guess that is where the real problem starts. I have no background about mining and I am only using my current cpu set up to mine this coin. Which is i think obviously not a good idea because i was obviously using the wrong tools for monero. I guess i should just find a coin to mine that has a good value that suits to my current tool.
However I will still continue the experiment for a month



UPDATE: I did mine yesterday for 14hrs
 Difficulty level: around 10 - 15k
 Hashrate : between 45- 65h/s
 Coins I have earned: 0.000125267853
 For the i3 7th gen cpu.
 Using JcE miner


I still have to setup my gpu mining as I am having problem with the xmr stak as it won't load up.
 

[Mattthev]

Instead of 1050ti is much better RX560 4GB for Monero mining. Even 2GB should be still fine, but not for other algos like CN-Heavy.
i3 is waste of money. You won't mine enough for ROI anyway pretty much every newer Celeron is enough for 6 GPUs even more.
I have in my rigs G3930, works just fine and you can mine with 1 thread for example AEON, but it is slow of course.

Well I guess that is where the real problem starts. I have no background about mining and I am only using my current cpu set up to mine this coin. Which is i think obviously not a good idea because i was obviously using the wrong tools for monero. I guess i should just find a coin to mine that has a good value that suits to my current tool.
However I will still continue the experiment for a month



UPDATE: I did mine yesterday for 14hrs
 Difficulty level: around 10 - 15k
 Hashrate : between 45- 65h/s
 Coins I have earned: 0.000125267853
 For the i3 7th gen cpu.
 Using JcE miner


I still have to setup my gpu mining as I am having problem with the xmr stak as it won't load up.
 

With the RX560 you can have more than 400H/s with aprox. the same power consumption or a little bit higher.

[swogerino]

It is the only coin worth mining with any Gpu for the longer term. All other coins are invaded by ASICS , while the Monero developers when ASICS hit the market immediately change their algorithm to V7 in order to give power to the users and keep the Monero coin as decentralised as possible.

The best cards to mine with are the Rx Vega series which with modified bios will give you 2000 h/s per card, so a rig with 6 cards will give you 12.000 h/s or 1.20 mBTC daily or about 9 USD daily. Calculations done in Nicehash.

[philipma1957]

It is the only coin worth mining with any Gpu for the longer term. All other coins are invaded by ASICS , while the Monero developers when ASICS hit the market immediately change their algorithm to V7 in order to give power to the users and keep the Monero coin as decentralised as possible.

The best cards to mine with are the Rx Vega series which with modified bios will give you 2000 h/s per card, so a rig with 6 cards will give you 12.000 h/s or 1.20 mBTC daily or about 9 USD daily. Calculations done in Nicehash.

that is correct.

I now have 2 vega 56's and a threadripper  same bios no flashing  doing about  4600  or around 3.30 a day.




BTG  may be good for nvidia 1080ti  they did fork and say they will fork again


ETH is okay for a 1080ti rig if you have  the eth pill and rig was paid up already

[Mattthev]

If you want to try mining you can buy some used cheap mobo with Skylake or newer Celeron and RX460/560 4GB or even 2GB for Monero, it won't cost much. Or if you want it even cheaper and don't much care about power consumption you can grab some old Core 2 DUO desktop from ebay or even i3, i5, is cost like 50-75 USD but watch for PSU it has to be enough for at least one GPU card or you need to buy better one. Connect GPU and you can happily mine with very cheap rig.

[sumit.mathur101]

Yahh ROI 600 days, but your gpu dead after 200 days

I dont think GPU will be dead in 200 days.

[playfast]

I have small rx 560 2gb rig.
XMR is the only thing I'm mining now, profits are small but consistent and power draw/temps are lower than Ethash.
Ethash algo is pretty much dead for me, I see no small DAG coins that are worth mining except maybe Ether-1. Not sure if I want to throw my rig at it yet.

[darklus123]

With the RX560 you can have more than 400H/s with aprox. the same power consumption or a little bit higher.

If you want to try mining you can buy some used cheap mobo with Skylake or newer Celeron and RX460/560 4GB or even 2GB for Monero, it won't cost much. Or if you want it even cheaper and don't much care about power consumption you can grab some old Core 2 DUO desktop from ebay or even i3, i5, is cost like 50-75 USD but watch for PSU it has to be enough for at least one GPU card or you need to buy better one. Connect GPU and you can happily mine with very cheap rig.

The problem is I still don't have that amount to buy that certain card as of now. That is why I should have to stick for 1050ti for now.

It is the only coin worth mining with any Gpu for the longer term. All other coins are invaded by ASICS , while the Monero developers when ASICS hit the market immediately change their algorithm to V7 in order to give power to the users and keep the Monero coin as decentralised as possible.

The best cards to mine with are the Rx Vega series which with modified bios will give you 2000 h/s per card, so a rig with 6 cards will give you 12.000 h/s or 1.20 mBTC daily or about 9 USD daily. Calculations done in Nicehash.

That is the exact reason why I became interested in mining since the developers are working to keep this coin as decentralized as possible so everyone can mine small time or big time around the world.

~

Your rx rig consists of how many gpus btw? and how much are you getting from that rig

[jillscarbrough]

I have small rx 560 2gb rig.

better mining on Shitcoin, major (XMR, ETH, ETC) coin with that's device doesn't profitable unless doesn't have problems with electricity cost, especially on EThash algo your VRAM very worries.

[Oakey22]

ROI has gone through the roof on nearly all coins including Monero, lots of current miners are dumping for the slightest bit of profit as they have already ROI from Xmas last year.

[tg88]

I have small rx 560 2gb rig.

better mining on Shitcoin, major (XMR, ETH, ETC) coin with that's device doesn't profitable unless doesn't have problems with electricity cost, especially on EThash algo your VRAM very worries.

with 2 GB it is no longer possible to mine eth and etc.

[jillscarbrough]

exactly, That's why I don't think why he was mining in Ethash algo, did he not see DagSize

[OneBlockAway]

I'm too very new to Mining and as my first mining, I choose Monero. So far not much profitable.
I tried to switch to Bitcoin private and ETH classic to see the difference but the earnings were way too low compared to Monero. So switched back.

[john1010]

Monero, eth and other algo mining with gpu now is not profitable, I have 20GPU but when I look my daily income in the mining calculator (whattomine) I can get $6 only. expect the flood of 2nd hand gpu now in some online store.. It's better to buy a low price coin now than addning more gpu to your miner.

[darklus123]

ROI has gone through the roof on nearly all coins including Monero, lots of current miners are dumping for the slightest bit of profit as they have already ROI from Xmas last year.

Well, too late for me I guess but I am just hoping that this is still worth to mine for.

Monero, eth and other algo mining with gpu now is not profitable, I have 20GPU but when I look my daily income in the mining calculator (whattomine) I can get $6 only. expect the flood of 2nd hand gpu now in some online store.. It's better to buy a low price coin now than addning more gpu to your miner.

how much power are you currently having? Most of the shitcoins are just a total waste of money as well


Update: current power 375h/s
 Around 300h/s for my 1050ti - xmrig miner
 i3 7th gen  = 75h/s - JcE miner

[jillscarbrough]

not all shitcoin is waste of money, if you want to mine those coins should careful predictions and calculations starting from the Diff of the coin, Network of the coin and your hashrate also can prediction price of those coins. For now, I often solo mining of shitcoin. this is one of which
https://bitcointalk.org/index.php?topic=4697777.msg42470016#msg42470016