Is It Still Possible to Mine BTC with a Modern GPU/CPU in 2024?

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: anyonmus11 on August 20, 2024, 08:41:42 PM

hey phil, what would be a good number for (BTC/EH/day), Limit (EH/s), Amount (BTC), amounts to set for that pool. I understand the minimum is 0.001 BTC. Can you explain what you would do if it was you renting? how much would you risk for what kind of reward??

by default they set them to this:

Price (BTC/EH/day) 0.0209
Limit (EH/s) 0.05
Amount (BTC) 0.001

technically we should move to altcoins since mining an altcoin at nicehash is involved.

I will shoot you a pm.

anyonmus11

newbie

Activity: 7

Merit: 1

hey phil, what would be a good number for (BTC/EH/day), Limit (EH/s), Amount (BTC), amounts to set for that pool. I understand the minimum is 0.001 BTC. Can you explain what you would do if it was you renting? how much would you risk for what kind of reward??

by default they set them to this:

Price (BTC/EH/day) 0.0209
Limit (EH/s) 0.05
Amount (BTC) 0.001

anyonmus11

newbie

Activity: 7

Merit: 1

Doing this Project now! Just stared Mining with my GPU(RTXA4000) on niceHash... now we wait about 100 days!

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: NotFuzzyWarm on August 20, 2024, 03:29:39 PM

Quote

Beyond mining, I’m also looking for advice on how to generate income through crypto or Web3 projects in today’s environment. Whether it’s through development, DeFi, NFTs, or something else, I’m eager to learn from those who have experience in the industry. What are the best opportunities out there right now for someone like me? What should I focus on as I build my skills and portfolio? I appreciate any insights or guidance you can provide. Thanks in advance for your help!

For that, checkout the Project Development area for NFT's, DeFi, etc.

For altcoins start here in Altcoin Discussion area

@Phil - ja, take out the unneeded spaces between lines und that definitely should be a sticky as a quick 'go here' reply.
... not that many new folks would pick up on it before making yet another thread asking that same damn question...

Would be nice to have them be moved to the sticky post (hopeful to see that)
that I tightened up every time they posted the question.

That would be a good use case for ai. Wink

to op I gave you a merit for your polite follow up.

It is tough to answer that question 1000 times which we have done.

But basically working a gpu to nicehash or rainbow-miner and maybe once you get some btc then rent from nicehash to get a block for ckpool

it would be cool to integrate

1)gpu to nicehash. https://www.nicehash.com/algorithm/kawpow
2) stack some btc in a wallet step one will do this in time
3) switch to nicehash rental of btc. https://www.nicehash.com/my/marketplace/SHA256ASICBOOST
4)mine at ckpool for a solo block https://bitcointalksearch.org/topic/yh-solockpoolorg-2-fee-solo-mining-256-blocks-solved-5237323

that is a lot of steps that if all done in an automatic fashion would be a good project

NotFuzzyWarm

legendary

Activity: 3822

Merit: 2703

Evil beware: We have waffles!

Quote

Beyond mining, I’m also looking for advice on how to generate income through crypto or Web3 projects in today’s environment. Whether it’s through development, DeFi, NFTs, or something else, I’m eager to learn from those who have experience in the industry. What are the best opportunities out there right now for someone like me? What should I focus on as I build my skills and portfolio? I appreciate any insights or guidance you can provide. Thanks in advance for your help!

For that, checkout the Project Development area for NFT's, DeFi, etc.

For altcoins start here in Altcoin Discussion area

@Phil - ja, take out the unneeded spaces between lines und that definitely should be a sticky as a quick 'go here' reply.
... not that many new folks would pick up on it before making yet another thread asking that same damn question...

anyonmus11

newbie

Activity: 7

Merit: 1

Thank you for the comprehensive response. I have been researching the topic, but I'm still getting accustomed to the platform's navigation, so I apologize for any duplicate questions. I was curious if there might be a scenario similar to a lottery, perhaps akin to running a Key Hunt for BTC puzzle #66 or #130 (as seen here: "https://privatekeys.pw/puzzles/bitcoin-puzzle-tx"). While I understand that the odds for something like the senior puzzle are astronomical—around one in 36 quadrillion—I thought this community might be aware of any opportunities or similar challenges but for mining. I am used to working with rainbow-miner, but the best they can offer is the same as nice hash it seems. Thanks again.

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: NotFuzzyWarm on August 19, 2024, 09:30:09 PM

Please READ THE PLETHORA OF FREAKING OTHER POSTS here BEFORE asking this same damn question!
It does not matter how modern CPU/GPU's are it IS NOT POSSIBLE! Period.

why don't you give him the complete answer.

A) it is possible, but it is a waste of money.
B) if you want to not use an asic miner Than point the gpu or cpu at nicehash mine some alt coin that is good to mine and nicehash will exchange that hash into BTC.

Actually this should be a sticky answer and all that ask the question could be pointed to the correct answer.

Fuzzy I get why you answer the way you did.
At the op go to this section and ask around
https://bitcointalk.org/index.php?board=160.0
btw I mine some gear to nicehash and get btc.
look at this link

https://www.nicehash.com/my/miner/bc1qvzdhqgkng5wpxyn99488jdqq97qx02nndty3pw

I make 35 cents a day on a free power pc. I get paid it in btc around once every two months it is 1 gpu mining kawpow which is changed into btc and paid once I get to 0.001 btc that is about 200 days. I get 0.001 btc
that card in that rig is a msi amd 5700
if i could manage to run my own pool privately that card would do under 1 penny a day directly mining btc.
a modern card can do 2 or 3 gh burning a ton of watts 150 watts.
the cheap asic avalon burns 100-150 watts and does 3-4th. that is 1000x the hash power for the same watts.
the pc i am running to nice hash in that link cost 350 to 400 to build.
and runs hot at 150 watts so 150 x 24 = is 3.6 kwatts if free you clear maybe a penney. if you find a pool that runs it.

if you really want to use cpus and gpus look into nicehash and mine alts like the link I showed you.
or just buy a cheap ass avalon miner for 150 and burn 100-150 watts and get 3-4 th.

rant over

NotFuzzyWarm

legendary

Activity: 3822

Merit: 2703

Evil beware: We have waffles!

Please READ THE PLETHORA OF FREAKING OTHER POSTS here BEFORE asking this same damn question!
It does not matter how powerful modern CPU/GPU's are (or ever will be) IT IS NOT FEASIBLE TO DIRECTLY MINE BTC WITH THEM! Period.

anyonmus11

newbie

Activity: 7

Merit: 1

Hello everyone,
I’m an aspiring Web3 developer currently exploring different ways to break into the blockchain and cryptocurrency space. As part of my journey, I’m curious about the feasibility of mining Bitcoin using modern GPUs or CPUs in 2024.

I know that ASICs have dominated BTC mining for years, but I wonder if there’s any scenario where a regular GPU or CPU setup could still be viable for mining, perhaps as a hobby or in a unique situation.

Beyond mining, I’m also looking for advice on how to generate income through crypto or Web3 projects in today’s environment. Whether it’s through development, DeFi, NFTs, or something else, I’m eager to learn from those who have experience in the industry. What are the best opportunities out there right now for someone like me? What should I focus on as I build my skills and portfolio? I appreciate any insights or guidance you can provide. Thanks in advance for your help!

Best, anyonmus11

Topic: Is It Still Possible to Mine BTC with a Modern GPU/CPU in 2024? (Read 153 times)