Hello guys,
i am looking for some advise here and hope its ok to ask. Since 10 Weeks i am mining with 6x 1080TI and 6x 1070 gtx. To be honest i was using all the time Nicehash. When i started i got about 0.1 BTC each week from 6x1080ti. Now my results looks like this
6x 1080TI : 0.03... BTC
6x 1070GTX : 0.016 BTC
Of course i knew that the difficulty increase but i think i am missing/losing some huge profits. What shall i do?
Whats the best pool? Software? Are there some mods what are more profitable?
Thanks!
1-Don't use Nicehash. It sure is easy that they are paying bitcoin directly but usually less profitable.
2-Whattomine website is your friend. Every 2-3 days check there and switch your mining coin according to the results if there is really difference in them. But don't become paranoid and don't change your mining coin every second by looking to whattomine. Stick on one.
3-Open an account on poloinex or bittrexx and mine there. Change to bitcoin directly if you want or play between currencies.
4-Diffuclty increases but prices also increases those days. So profitability nearly the same when you compare before diff bomb of ethereum.. (Of course not as first times when the ROI was 4 months)
5-In lots of pools luck is a factor also. When comparing don't look only data from one two months. Your profit can change -+%x .
whattomine can be extremely inaccurate so dont be surprise if you dont get the same results.
Edit: I wouldnt use Poloniex for many reasons. Just google it.
Advices:
1-whattomine is always showing correct amounts if you know how to use it. I always forecast my upcoming payment amount by using whattomine. Just as i wrote be sure to not to become paranoid by everytime changing your mining coin because you will earn 0.001 $ more. Be clever and analyze carefully. Don't change your coin so frequently. This is long-term run. Hit nd runs are so much rare and needs luck factor, dont fell for them.
2-f you search google you can find problem in every system as people are the problematic creatures. lovers and haters everywhere. If i were you i will try bymyself and experience them all. Bittrex polonex krakaen and so on. Out off all the best for my experience is polonex.
3- Never ever hold so much amount of coin in none of those above exchange websites hence in all their history there was a hack event. Generate an offline wallet backit up 20 times in 20 different places your keys and whenever you want to play exchange play, earn profit and sent it to your main offline wallet back.
4-Learn the technology, read the papers, follow the forums. If you know more it will be difficult to scam you.