Topic: I'm glad I didn't buy any more video cards, a 1080ti barley makes $1 a day - page 6. (Read 3005 times)

Just reading this thread everyday when I wake up now is going to become a hilarious habit. I normally remove threads from my watchlist once they start getting away from me, but I can't help myself but to stick around in this case. There was one night where profits dipped down, mostly due to a drop in price from BTC, but now it genuinely seems like a lot of people have turns off their miners or something. 1080ti profitability is up from the last time I even posted in here, far surpassing $1

You guys are basing your numbers off profitibility calculators and not actual use cases. I've never seen a 1080ti make less than $2 a day with my own two eyes. Most of those I know mining aren't even using an exclusive rig, just use the card their monitor is connected because they're "casual" miners/users.

You're obviously doing it wrong. Mining isn't just buy-plug-sit-profit. It takes time, dedication, effort, research and passion. Real miners understands this.

There are too many large farms and businesses getting involved in Mining. It pretty much is making us little people obsolete in it.

well, i have been in this stage 5 months ago, mining was not profitable at all.. then all gone up and mining was the best again, so relax, you will see you cards get 5 usd day each again!!!!

Did you make $3-5 per day? I am making about $1 per day with my electricity price of $0.18/kWh.

Do better algo research and stop using nicehash (which is btw with new generation of ASICs and bearish market one of main reasons for low mining profits).

I guess you are mining ethereum to get 1$ a day.
Did you look into other algos? 1080Ti has much wider portfolio of available coins to mine than the AMD cards have, and you can make big buck with it if used righ.

You'll be waiting until the heat death of the universe. Might as well put your rigs to work on cracking Satoshi's private keys, it'll be more profitable over the timeframe 

NiceHash sometimes has good prices and sometimes they don't, especially for algorithms that run best on cards like the 1080ti.  As you explained, NiceHash is a marketplace. The earnings that miners receive are dependent on the prices that buyers are willing to pay for that hashing power. Recently, buyers have favored the Dagger/Ethash algorithm that runs better on cards like the 1070/1070ti than the 1080/1080ti, making NiceHash less profitable for miners with the 1080s.

Also, NiceHash doesn't pass the profits it makes from selling hash rate to buyers to the miners - that is Nicehash's fee for providing the service and how it makes its money. Since buyers want to make as much profit as possible from their purchased hash rate, they often bid as low as possible for that hash power.  So there will be times when miners can find more profitable coins to mine on other pools that will also convert their earnings to BTC.  While my personal daily earnings have fallen with the rest of the market, I still earn at least a dollar more per day on each of my 1080tis than what Nicehash is currently offering.

Do not you use this site?

https://whattomine.com
BitcoinGold(BTG)  $1.99    1080ti

In a few months the coin will grow several times and it turns out that you mined for $ 10 a day .

I stopped mining crypto a week ago no reason to make my rigs work when we are in bullshit age i wait and use my rigs when something profitable comes along.

I think if you feel you cannot make any money in every month then you don't have to buy a rig because for reaching ROI, you still need to wait several months and its dependence on the price of the coin that you're mining too. but if you want to mining and not going to sell the coin and only sell for a long time then you can try to mine and you should buy a rig. there are too many things that you need to handle and you need to know how the procedure works so you can leave the rig mining for you. besides that, the electricity fee is the most important that you should know and calculate because this is the most expenses that you need to pay in every month.

Tried to tell you not to buy a 1K 1080ti ... Lol.

Ahhhh

This is contributing to it, but more than this it's the skyrocketing difficulty. Take a look here and you'll see how much the difficulty has risen since the beginning:

https://bitinfocharts.com/comparison/ethereum-difficulty.html

It's almost increased by threefold since approx January of this year, which has attributed to hardware not making nearly as much as it was back in October-December '17 when the difficulty was pretty linear overall.

waaaaaait a second. are you telling me that when the crypto market crashes, the cryptos i mine AREN'T WORTH AS MUCH IN USD??

why didnt anyone tell me this?

Check today on Nicehash, 1080ti's are only making $1.87 or so each BEFORE power consumption, and only around $1.25 or so after subtracting power costs:

https://www.nicehash.com/profitability-calculator#nvidia-gtx-1080-ti;USD;0.1;1;250;0;a5=1275;a7=71.615;a8=1.88;a14=60;a20=35;a21=4.6;a22=0.76;a23=0.47;a24=630;a25=1.76;a26=16.2;a27=2.96;a28=6.978

And to answer the other persons question about how you mine for BTC with GPUs - Easy. Instead of mining at a specific altcoin pool, start mining at nicehash.com. Their mining software will mine the most profitable coin in realtime and will automatically convert the payments to BTC rather than paying out in whatever altcoins your miner is mining. The reason for this is since Nicehash charges BTC for everyone renting the hashpower on their site. You'd be hard pressed to find profits better than nicehash since they resell the hashing power to others at a profit, which equates to higher profits for you.

Even with Nicehash, the 1080ti unfortunately makes less than $2/day at the moment before subtracting electricity costs. I'm sure you can overclock your cards and get a little more out of them but overall you'd be looking at $2 or less per 1080ti. I'm seriously considering taking a chance at solo mining over pool mining as it just doesn't seem worth the time to mine for such little profits in the end, unless you have a large mining farm thats already been running for several months. Mining has really sucked lately, regardless of the equipment. Something's gotta give eventually, either a significant amount of the new miners will need to stop mining or new hardware will need to be released for it to become even remotely as profitable as it was even 2-3 months ago. Sad but true.

Are you sure you're not quoting prices from a few weeks ago? Bc mining seems to have really taken a hit in the past few weeks, ASICs and GPU alike. Currently a 1080ti is only making around $1.86 or so and thats not subtracting energy costs. This is without overclocking, but still significantly lower than what it was even 2 months ago (they were making $10-12/day easy). I'd ask your friend when you can to make sure he's still making $3-5/day bc to my knowledge I don't see how that's possible regardless of what alt you're mining at the moment.

Gladly. Since it seems like no matter how many times the information is crammed down people's throats they don't do what is best, or what even makes sense. Anyone that paid over $750-800 for a 1080TI did not do their due diligence and therefore deserve to be on the lower end of the mining curve. NiceHash has been consistently $2.50+ a day just allowing it to freely switch algorithms as it does. When you choose a specific coin, like Equihash, Neoscrypt or something like that you can keep it above $3.00 no problem.



I've been very confused about this as well.  

Not True,  I been mining coins and buying coins.  By far buying coins after 1 year has been 10x more profitable than mining after 1 year.  Anybody that did this will tell you the same thing.

 The takeaway I learned is not to be a miner bum. Buy when coins are cheap especially when miners are crying about roi