Hello everyone,
I'm brand new to bitcoin mining (for now, just to try it out).
I started with existing hardware (CPU: AMD Ryzen 7 5700X GPU: AMD Radeon RX 6600 8GB) at Nicehash.
I've been mining there for 5 days and got 973 mBTC (~€0.26).
=> CPU with algorithm RandomXmonero: 7.05 kH/s
=> GPU with algorithm KHeavyHash: 359.02 MH/s
Quite nice for a start, but
the daily return (approx. 0.05€ / 12h) is already very low and the payout threshold of 0.001 BTC very high,
so I wanted to ask around which other provider you can recommend me - which offers a better profitability than 0.05€ / day.
I realize that I am late in the game, but I think there must be something better than Nicehash?
I know 0.001 is very high but as soon as you make 0.0001 you can convert it to Litecoin and withdraw through Litecoin from their partner website Nicex,this is what I do as I also mine through NIcehash and I make 0.00002 Bitcoin daily so I withdraw in 5-6 days most likely and have no problems going through this route.
I suggest to you to do the same as with your setup nowadays when we clearly mine at a loss Nicehash is the best bet,and as I said you can withdraw coins after you convert them,as soon as you make 0.0001 which you can make much faster than 0.001 you can convert to any coin but Litecoin seems to work the best.