I make around $5 per day with 30 GPU... after power bills... Gonna take a 10 years to ROI the hardware, if this continues
;( I'm making more than that with 1 R1700 (no kidding)
J
wow , it's unbelievable result ! Can you tell what coin you mine ? It's definitely not a Monero , or any other popular coin on cryptonight algo , because their profitability is only around 0.3$ daily per single r1700 cpu .
Unfortunately, you know I cant do that, or my earnings will plummet to nothing.
Today is lowest day so far....8 hours and only 30,0000 sats so far...so will struggle to do 90,000 sats today i think.
The only advice i can give anyone, is stop looking solely on here....
Just 1 simple look at my "Show unread posts since last visit. ", and i can see topics that have had 6000 replies, and 30,000 views....
What that tells me is that if anyone suggest any coin on here, within 24hours it will be stuffed....
My thoughts would be, go find quiter exchanges, not Cryptopia, bittrex, yobit, etc, but really small obscure ones....go find a coin, lowish diff, lowish connections, probably very low value, and find the wallet.
Thats the hard bit most times, find the wallet and get it synced...somethimes that stage can take weeks, sometimes even with the wallet, you just cant get it synced....
but, if you do, then try mining it...very gently, MUST not break the chain ( Yes that means all u guys with 1080 rigs....NO), start with cpu miner, or very first ANN recommeded miner....get aconnection, then get some shares, and hopefully get a block.
Only then can u start to increase core count, or move to gpu, or even multi gpu....but keep a check on "getmininginfo"
Watch your hashrate compared to nethash, you only need to be around 40% of nethash in general to win vast majority of blocks...even 10% will get you good rewards....BUT the mistake i seen is people hit it with 6/8 1080tis, will every block, and keep winning, but they of course the blocks slow down, and eventually then hit the correct block time....thats when they realise that the are not making enuff money to cover their costs....so they mine another 24hrs and cut their loses....
Now they have inadvertently stuffed the chain, so say it was scrypt @ 250kh/s...then hit it with a rig, or worse a L3, so hash jumps to 500mh/s, so thats a 2000 times increase, so diff shoots up respectively...
Now if its an old ish coin, they all ramp up correctly, but generally dont come back down correctly, sometimes they dont come bach down at all...so how an L3 guy gets 1 block every "blockrate", and guys with even 8 1080tis will struggle to get a block a day. and as for cpu miner...well he is screwed forever....
So, do loads of research, try btcpop, or freiexchange (just examples, not recommendations), see if they have any slow moving coins....
Also, without giving away too many secrets, don't rely soley on coinmarketcap...the data is very good, but same problem, everyone uses it. Dig deep, there are lots of other places that have info too....
I think the "over mining tips" is key thou, mine every block, and first, anyone coming along can see, that all they have to do is beat that hash, and then they took, get every block (and there's always a much bigger miner), second, if you are using SO much hash to gaurantee yuo win every block, well then why would any one want to trade that coin....
So, have fun, do loads of research, find a little corner, and spread the word slowly....( u need a market, after all )
Failing that just use NH and mine the sh*t out of Etherium like everyone else
J
