Back here after a long time, looking to start again

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Coinluminary on February 15, 2020, 01:24:18 PM

Try out cryptonight coins I think they are a good fit for RX 580.

Yes maybe a year ago or 2 would be a good time to mine Monero however they have forked to a new mining algo that is mostly good for CPUs. And certain GPUs like the RX 580 they perform very horribly on it.

Just look at Whattomine, the algo is called RandomX, and with a RX 570 you would make $0.04 a day in revenue and total profit would be a loss of $0.14 due to electricity rates. Even if you got free power it wouldn't be worth mining.

Basically ETH and ETC is mostly all that he can mine right now with those GPUs.

Coinluminary

newbie

Activity: 24

Merit: 0

Try out cryptonight coins I think they are a good fit for RX 580.

adaseb

legendary

Activity: 3808

Merit: 1723

Nothing has changed really, ETH is still the most profitable, just go to Whattomine and double check yourself. ETC was more profitable a few days in and few days out when it was rallying like crazy in the past but the difficulty rose and profitability is the same as ETH.

Just do what you did before and you should be set. 1 thing to keep in mind is that you will need to upgrade your ETH Claymore software to version 15 since there was a bug and over a certain DAG it failed to mine. Another issue is if you have 4 GB cards. Basically you will have issues with Windows 10 due to the amount of cache that windows puts in the GDDR for system resources.

Only solutions for this are to use either Windows 7 or Linux. If you want to use Windows 10 then you will need to get at least 1 8GB GPU and put it in the main PCIe 0 slot and the other 4GB should work again. See the Claymore thread for instructions.

rdluffy

legendary

Activity: 2366

Merit: 1408

Quote from: smartcrypto on February 14, 2020, 01:54:45 PM

Quote from: rdluffy on February 14, 2020, 01:30:46 PM

It looks like some people are starting their rigs again Grin

I'm out, since my electricity rates are something about 0.20cents USD, so, no way to earn a decent amount mining
How much are you paying for electricity?

People are mining Grin besides ETH, but with this recent spike in price, and the PoW of ETH almost ending, we'll a rush to mine ETH very soon

I'd have to pay ~$10 a month for one rx 580 in electricity. GPU depreciation on top of it. Makes it not really worth to mine. Looking to come back to a coin which could make it worthwhile.

At this moment, a RX 580 can gain 0,64 USD per day with 130w, if you'll pay 10 USD per month per card I don't know...
But you can sell your RXs and buy 5700XT, at this moment this card can do 1.14 USD per day at practically the same price per month of electricity

But you have to decide, because ETH is rising in value, maybe in a month ETH reach 400USD and you can have some mined...
Oh I love mining and the decisions we have to make Grin

smartcrypto

member

Activity: 317

Merit: 12

Quote from: rdluffy on February 14, 2020, 01:30:46 PM

It looks like some people are starting their rigs again Grin

I'm out, since my electricity rates are something about 0.20cents USD, so, no way to earn a decent amount mining
How much are you paying for electricity?

People are mining Grin besides ETH, but with this recent spike in price, and the PoW of ETH almost ending, we'll a rush to mine ETH very soon

I'd have to pay ~$10 a month for one rx 580 in electricity. GPU depreciation on top of it. Makes it not really worth to mine. Looking to come back to a coin which could make it worthwhile.

rdluffy

legendary

Activity: 2366

Merit: 1408

It looks like some people are starting their rigs again Grin

I'm out, since my electricity rates are something about 0.20cents USD, so, no way to earn a decent amount mining
How much are you paying for electricity?

People are mining Grin besides ETH, but with this recent spike in price, and the PoW of ETH almost ending, we'll a rush to mine ETH very soon

smartcrypto

member

Activity: 317

Merit: 12

got some rx 580s around. still great, and looking if it's time to be back
What are you guys mining besides eth or nicehash?

Topic: Back here after a long time, looking to start again (Read 202 times)