My profitability on GPUs

[Pharaonion]

My current profitability on


1070 0.00008 BTC/day
1080ti 0.00013 BTC/day

[1714776038]

1714776038

[1714776038]

1714776038

[wheelz1200]

My current profitability on


1070 0.00008 BTC/day
1080ti 0.00013 BTC/day

This has little to no value here.  Base on what electricity, what coins you mine, etc.  Add some more info if you are looking to get a reaction good or bad on how you are doing.

[smoolae]

Like wheelz1200 said, this info you gave is indeed rather pointless without your electricity cost you are paying per kWh. I could also make money from mining but my 0.13eur/kWh electricity will just eat up all the profit.

[butka]

Like wheelz1200 said, this info you gave is indeed rather pointless without your electricity cost you are paying per kWh.

This. The numbers you have shown us are so low that, depending on your electricity bill, it could make mining questionable. Some people want to continue mining at a loss in hope for a future price rise. This may very well be true, but then again why not buying the coins directly on an exchange? Unless the latter is too complicated or impossible, in which case you are already doing all you can.

[crairezx20]

I think this is profitability if you mine metaverse according to whattomine and like you said you can make 0.00013 btc daily with gtx 1080ti without deducting power consumption.
Same as gtx 1070 so if you are running it on free electricity it's profitable but it depends if what coin you are mining.

[Pennywis3]

I mine 0.1 BTC/day.
Electric costs are about 0.12 BTC/day.

[deskless]

I mine 0.1 BTC/day.
Electric costs are about 0.12 BTC/day.

Why are you mining then?

[swogerino]

It is really strange that a 1080 ti to make that low amount. Probably you can put it to mine Cryptonight V7 and it will at least do better than that. I am not sure though as the only times I have had to deal with 1080 ti it was on customer PC-s and they were mainly gaming PC. I am sure though that this amount can be more with the 1080 ti.

Unfortunately for the 1070 I am afraid you are right. It is best at mining Zcash and Zcash profitability after the ASICS hit the market is worthless with GPU-s now.

[butka]

Unfortunately for the 1070 I am afraid you are right. It is best at mining Zcash and Zcash profitability after the ASICS hit the market is worthless with GPU-s now.

That's the main reason. Even for 1080 Ti, Zcash was one of the most profitable coins to mine, but those times are long gone.

Probably you can put it to mine Cryptonight V7 and it will at least do better than that.

According to whattomine.com, Cryptonight V7 is not going to save the OP. It suggests Lyra2REv2 and X16R as somewhat better options, but the differences are small.

I used to mine with 1080 Ti and it was really profitable. It is sad to see how quickly the GPU mining situation has changed for the worse.

[Woodcarver]

With the current price of ETH and power costing .08/Kw I've shut my rigs down.  There's no profit in it at this price.

[whitesites]

My 1080 Tis are Grossing .00021 BTC each per day, and costs me about 42 cents per day to run. ( not including cooling costs ).

[philipma1957]

1080ti's on eth with eth pill earn about 2.50 used about 550 power which is 13kwatts a day at 14 cents = 2.10

so today

2.50
2.10
  40 cents

eth has crashed to  218 usd

my vegas are better

4 of them earn 4 dollars on xmr


they burn 840 watts or 20 kwatts at 14 cents =  2.80


so

4.00
2.80
1.20 profit

the good side is winter is coming my power will drop to 10 cents and xmr is forking again maybe it will jump in price.

[adaseb]

1080ti's on eth with eth pill earn about 2.50 used about 550 power which is 13kwatts a day at 14 cents = 2.10

so today

2.50
2.10
  40 cents

eth has crashed to  218 usd

my vegas are better

4 of them earn 4 dollars on xmr


they burn 840 watts or 20 kwatts at 14 cents =  2.80


so

4.00
2.80
1.20 profit

the good side is winter is coming my power will drop to 10 cents and xmr is forking again maybe it will jump in price.

Basically the profits are horrible if you mine and sell right away.

Might as well hold the ETH and hope for a recovery soon.

I regret selling my BTCs mined during 2015 for like $200 USD. Made like 0.03BTC per day or so. And pretty
Much sold most of it.

Back then it wasn't profitable either, it was only profitable if you've held on to it.

[philipma1957]

1080ti's on eth with eth pill earn about 2.50 used about 550 power which is 13kwatts a day at 14 cents = 2.10

so today

2.50
2.10
  40 cents

eth has crashed to  218 usd

my vegas are better

4 of them earn 4 dollars on xmr


they burn 840 watts or 20 kwatts at 14 cents =  2.80


so

4.00
2.80
1.20 profit

the good side is winter is coming my power will drop to 10 cents and xmr is forking again maybe it will jump in price.

Basically the profits are horrible if you mine and sell right away.

Might as well hold the ETH and hope for a recovery soon.

I regret selling my BTCs mined during 2015 for like $200 USD. Made like 0.03BTC per day or so. And pretty
Much sold most of it.

Back then it wasn't profitable either, it was only profitable if you've held on to it.

agreed I am mining and holding .

I reduced power bill by mining less so I can afford to pay power out of pocket.

so if I mine 1200 usd in coins and pay 1000 in power I can pay power out of pocket for a long time. Years if need be.

[adi1972]

Profitability is a relative term. You are profitable, or not, only at the point you cash out to FIAT, after deducting cost. Until then, it's a very subjective term.

When you're mining in general, you must have already calculate and accept that paying for your electricity upfront. Electricity must already be factored in as "production cost" and NOT pegged to daily/current coin price.
I see some miners stop mining because their coin price drop below their monthly electricity cost. I feel this is kind of stupid, to start and stop mining based on current price.
To me, I'll only switch mining a particular coin if the project goes dead or difficulty level goes super high.
You can see that I use the term "switch" instead of "stop".
Bottomline, you need to have a full-time day job and this mining as side income or "savings". Good luck to small miners fully dependent on mining profit as your only income.

[DrG]

Profitability is a relative term. You are profitable, or not, only at the point you cash out to FIAT, after deducting cost. Until then, it's a very subjective term.

When you're mining in general, you must have already calculate and accept that paying for your electricity upfront. Electricity must already be factored in as "production cost" and NOT pegged to daily/current coin price.
I see some miners stop mining because their coin price drop below their monthly electricity cost. I feel this is kind of stupid, to start and stop mining based on current price.
To me, I'll only switch mining a particular coin if the project goes dead or difficulty level goes super high.
You can see that I use the term "switch" instead of "stop".
Bottomline, you need to have a full-time day job and this mining as side income or "savings". Good luck to small miners fully dependent on mining profit as your only income.

I'm not sure where you live, but the tax code in the US has changed for cryptos this past year. Now the sell event is considered any time a crypto is changed forms like from BTC to LTC not just when you liquidate to fiat. They don't treat crypto as real property like a 1031 exchange, they treat it as a currency transaction.

Also it is not stupid to stop mining at a loss. In fact it is stupid to mine at a loss (unless you have some need to hide your coins). This has been discussed by myself and others ad nauseum on other posts - you should do some reading.

[Pharaonion]

It is really strange that a 1080 ti to make that low amount. Probably you can put it to mine Cryptonight V7 and it will at least do better than that. I am not sure though as the only times I have had to deal with 1080 ti it was on customer PC-s and they were mainly gaming PC. I am sure though that this amount can be more with the 1080 ti.

Unfortunately for the 1070 I am afraid you are right. It is best at mining Zcash and Zcash profitability after the ASICS hit the market is worthless with GPU-s now.

as I know, Cryptonight V7 is better for AMD.
I'm mining RVN and for today I get arround BTC 0.00012 / each 1080ti and BTC 0.000085 / 1070.
I'm using z-enemy miner (sometimes I'm trying some new miners, yet I couldn't find better). What about the pools... I'm looking for better than yiimp.eu.

[Pharaonion]

It is really strange that a 1080 ti to make that low amount...

Could you, please, provide me with any ideas, how to get more. Really, I couldn't gain advertised by whattomine.

[crairezx20]

It is really strange that a 1080 ti to make that low amount...

Could you, please, provide me with any ideas, how to get more. Really, I couldn't gain advertised by whattomine.

Not only what to mine can suggest you if what coin is the best to mine you can use the other tools below.
https://www.coincalculators.io/ and https://www.coinwarz.com/cryptocurrency

I hope that you can find which coin you can mine higher than the profit you earn before.
As of now, vega is way much better than 1080ti

[jmigdlc99]

I mine 0.1 BTC/day.
Electric costs are about 0.12 BTC/day.

Why are you mining then?

Great question. That guy is way better off reading posts of people like DrG who clearly explain why mining at a loss is stupid and extremely counter productive to earning profit at all. Considering earning 0.1 BTC per day requires a lot of hardware and electricity, you should spend more time thinking about the economics of mining.

Just turn off your miners and use the mining electricity to buy actual coins.