I would also agree with the route of mining one stable coin, like ETH as you mentioned in the OP, and just HODLing it or regularly selling as you please. There are stories of people that have broken even and profited in just days from mining a low-difficulty and low marketcap coin that later rose in price, but that's an extremely risky proposition on top of the already-present risk in mining.
Most people will agree that traditional mining using calculators and switching every once in a while's the best option, but don't make the mistake of switching too much, either- profitability can rapidly swing, and coin prices do as well. Fees from exchanging between coins can also build up if you switch between many coins.
Topic: First ever 6 gpu rig , what to mine? (Read 277 times)
Benefits of mining random coins : much more likely chance of exponential gains most likely , higher profit , more chance of luck
Mining random coins can lead to "exponential losses" as well. You might want to edit that in your post.
Mining and holding Ethereum is the safest bet, it probably will beat its ATH (specially in fiat terms) and at that time you may sell it all. IMO, if you're planning to mine & hold, then go for both, Ethereum and other alts. Swap between the alts (including Ethereum) actively after every few days.
It depends on how much time you have and want to spend on this. If you are willing to check profitability every few hours, you can mine the most profitable coin at that moment and convert it to the one you want to hodl. It is time consuming but it's profitable.
Or You can do research and choose a coin that has good future 4 example Ravencoin or other that You could easily mine right now due to low difficulty - but You must remember that its not 100% sure that even good project will rise and show its true potential and bring profits ...ETH yea its quite safe to mine
If your not sure what to mine or if you are sure if other token will be productive or valuable in the future you might just want to focus on ETH, this coins is surely win if you mined couple of it.
What are we talking about currently , mine ethash eth alts using self reason/judgement and HODL those coins
over
Purely hodl eth
I think being a miner, doing the ethash alts and HODL --- being linked to the success of ETH , a miner will have greater overall profits almost certaintly due to exponential gains + higher amount of coins held , vs just Eth alone
Not to be compared to Bitcoin , bitcoin isn't a network with dapps running on it , if Eth wins, the ethash coins (not certaintly, but more likely) will win as well
If my husband is holding 10 eth right now
If I mine eth 24/7 , with these difficulty, I only will aquire ~4 in 1 year ...
Not bad, definitely will be ROI , but ... so boring, so predictable
Rather , mine bunch of ethash coins and other projects
Aggregate them into an account , or spreadsheet or something
And watch as they grow. Your own mini market list of tons of coins , so much more rewarding and fun (me thinks)
Not only that, but most of the cards are 4GB ,,, and Eth will DAG > 4GB soon, and/or go Proof of Stake no more minining possibly, and/or etc
I think ETH alts would be best way
Along with sneaking in some legit privacy coins like RYO or whatever is legit
over
Purely hodl eth
I think being a miner, doing the ethash alts and HODL --- being linked to the success of ETH , a miner will have greater overall profits almost certaintly due to exponential gains + higher amount of coins held , vs just Eth alone
Not to be compared to Bitcoin , bitcoin isn't a network with dapps running on it , if Eth wins, the ethash coins (not certaintly, but more likely) will win as well
If my husband is holding 10 eth right now
If I mine eth 24/7 , with these difficulty, I only will aquire ~4 in 1 year ...
Not bad, definitely will be ROI , but ... so boring, so predictable
Rather , mine bunch of ethash coins and other projects
Aggregate them into an account , or spreadsheet or something
And watch as they grow. Your own mini market list of tons of coins , so much more rewarding and fun (me thinks)
Not only that, but most of the cards are 4GB ,,, and Eth will DAG > 4GB soon, and/or go Proof of Stake no more minining possibly, and/or etc
I think ETH alts would be best way
Along with sneaking in some legit privacy coins like RYO or whatever is legit
If you have bios flashed the cards which I assume you did otherwise you can't make 6 dollars daily with Ethereum then I hope you have also undervolted the cards. This process is a bit more difficult but you can have a look here.
mining.help , this website is a complete guide for mining ethereum to near perfection.
Also since you are having trouble with your ISO do you know that there is a stripped down version of Windows 10 Home and Pro which is just geared to mining only. Here is a link in case in the future you start having problems. I really hope you don't after 2 months of suffering.
https://forum.ethereum.org/discussion/13953/orcrogos-lightweight-windows-10-home-pro
mining.help , this website is a complete guide for mining ethereum to near perfection.
Also since you are having trouble with your ISO do you know that there is a stripped down version of Windows 10 Home and Pro which is just geared to mining only. Here is a link in case in the future you start having problems. I really hope you don't after 2 months of suffering.
https://forum.ethereum.org/discussion/13953/orcrogos-lightweight-windows-10-home-pro
I agree ETH is the best
Go for the ETH-Alts better chance to have massive gains. Especially if your NOT planning to sell for fiat and just HODL
^ Thank you for the info - this is $6/day for all cards combined, not individually
what to mine?
Also , swogerino thanks for the info with Windows 10 miner
My rig is all up and running, no problems , now to discuss what to mine >
what to mine?
Also , swogerino thanks for the info with Windows 10 miner
My rig is all up and running, no problems , now to discuss what to mine >
The days of making $6/day/GPU are long gone. Even if ETH goes to $1000+, you won't be making $6/day anyways.
Right now, I know its difficult for some since you need to pay for your GPUs and electricity but you are better off holding your ETH and your BTC.
Sure it can keep going lower and lower and you won't make any money, maybe even lose money on your equipment but if the ETF for bitcoin is approved then ETH can go on a crazy FOMO rally again and hit $2000-$3000. Then you sell...
There are also rumors that the ETH devs will reduce the issuance again from 3ETh per block to 2 ETH, so that will cause a price surge also.
So for now... HODL your coins.
Right now, I know its difficult for some since you need to pay for your GPUs and electricity but you are better off holding your ETH and your BTC.
Sure it can keep going lower and lower and you won't make any money, maybe even lose money on your equipment but if the ETF for bitcoin is approved then ETH can go on a crazy FOMO rally again and hit $2000-$3000. Then you sell...
There are also rumors that the ETH devs will reduce the issuance again from 3ETh per block to 2 ETH, so that will cause a price surge also.
So for now... HODL your coins.
If you have bios flashed the cards which I assume you did otherwise you can't make 6 dollars daily with Ethereum then I hope you have also undervolted the cards. This process is a bit more difficult but you can have a look here.
mining.help , this website is a complete guide for mining ethereum to near perfection.
Also since you are having trouble with your ISO do you know that there is a stripped down version of Windows 10 Home and Pro which is just geared to mining only. Here is a link in case in the future you start having problems. I really hope you don't after 2 months of suffering.
https://forum.ethereum.org/discussion/13953/orcrogos-lightweight-windows-10-home-pro
mining.help , this website is a complete guide for mining ethereum to near perfection.
Also since you are having trouble with your ISO do you know that there is a stripped down version of Windows 10 Home and Pro which is just geared to mining only. Here is a link in case in the future you start having problems. I really hope you don't after 2 months of suffering.
https://forum.ethereum.org/discussion/13953/orcrogos-lightweight-windows-10-home-pro
For example, for 24 hours I mined ~24 B2G (Bitcoiin) coins [i know they are scam, but still]
In this coin, and all other coins that are in pennies, have chance for growing big time I think
Also like RYO
Say with my current card ... I can do ~$6 a day of crypto generated essentially (using calculators)
That $6 a day, say ethereum, if ethereum reaches $1,000 again which it will, will be $12 a day
Say I mine RYO coin , and RYO coin by the time Ethereum reaches 1,000 , RYO coin could x2-x100+
That's my wondering
For 6 rigs, my electricity I pay $160 for unlimited usage per month as long as less than 2,000kw (including all my home shit)
So I'm wondering... I work 5 months my ass off to build this rig, every step of the way shit went wrong, took me 2 months to fukin install properly on new MOBO cuz my ISO for windows Iwas using was Legacy and I couldn't figure it out until 2 months later
I just want to save some money for my future , I have been slaving since I was 16 I hope this to be my break
In this coin, and all other coins that are in pennies, have chance for growing big time I think
Also like RYO
Say with my current card ... I can do ~$6 a day of crypto generated essentially (using calculators)
That $6 a day, say ethereum, if ethereum reaches $1,000 again which it will, will be $12 a day
Say I mine RYO coin , and RYO coin by the time Ethereum reaches 1,000 , RYO coin could x2-x100+
That's my wondering
For 6 rigs, my electricity I pay $160 for unlimited usage per month as long as less than 2,000kw (including all my home shit)
So I'm wondering... I work 5 months my ass off to build this rig, every step of the way shit went wrong, took me 2 months to fukin install properly on new MOBO cuz my ISO for windows Iwas using was Legacy and I couldn't figure it out until 2 months later
I just want to save some money for my future , I have been slaving since I was 16 I hope this to be my break
I am keeping my colleagues rigs to mine ethereum. The difficulty has increased and the rewards daily are a bit down but the rise in price of all the cryptos now makes it worth to mine Ethereum. Even if you look at other choices with those cards that you have it all boils down to Ethash algorithm as being the most profitable for the moment.
You are free to experiment for example one day a week with any altcoin you may find interesting, if you like to experiment.
You are free to experiment for example one day a week with any altcoin you may find interesting, if you like to experiment.
Currently RX470, RX470, RX480, RX480, GTX 1070, GTX 1070
175 MH/s eth
What to mine ?
I know these websites
https://crypt0.zone/calculator
https://www.coincalculators.io/
https://whattomine.com/
https://www.crypto-coinz.net/crypto-calculator/
Debating on (all of this will be mining 'long term' , these coins won't be sold for FIAT , but will be held)
* Mining ethereum 24/7 , for long term
vs
* Mining random coins while cheap , accumulate small amount 1 day - 1 week mining, try new coin
Benefits for mining ethereum : easier, safer, long term most likely to grow , easier to track of gains , less work
Benefits of mining random coins : much more likely chance of exponential gains most likely , higher profit , more chance of luck
WHAT TO DO
Assume user income GDP 50K
175 MH/s eth
What to mine ?
I know these websites
https://crypt0.zone/calculator
https://www.coincalculators.io/
https://whattomine.com/
https://www.crypto-coinz.net/crypto-calculator/
Debating on (all of this will be mining 'long term' , these coins won't be sold for FIAT , but will be held)
* Mining ethereum 24/7 , for long term
vs
* Mining random coins while cheap , accumulate small amount 1 day - 1 week mining, try new coin
Benefits for mining ethereum : easier, safer, long term most likely to grow , easier to track of gains , less work
Benefits of mining random coins : much more likely chance of exponential gains most likely , higher profit , more chance of luck
WHAT TO DO
Assume user income GDP 50K
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