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Topic: is mining profitable atm ? (Read 1840 times)

newbie
Activity: 59
Merit: 0
April 24, 2017, 09:21:03 AM
#22
Yeah I should had emphasized more about it, mining on laptop will kill it in most cases, sooner or later. just get a specialised mining rig, like a desktop with 1-3 GPUs (since you don't have huge budget, but if you do at least have enough for that and you are interested, it'd be fun) its much more easier to cool, for example you could take cover panel off and it will cool more efficiently - ugly but effective from what I've heard. Or you could just build it inside a metal frame or whatever like some more dedicated people do, its more effective than having closed case I think, and in case of laptop thats just worse.

Gotta ask about those metal frames around here soon, I am wondering how they build it or where they buy it  Huh
sr. member
Activity: 391
Merit: 250
aka ...
April 24, 2017, 08:28:50 AM
#21
Hi @magictrips


with nice hash minner its only under 1$ per day....... i think that make no sense .....


... what are you expecting - becoming rich over night ?

Your System should give you a little earning, running NiceHash with CPU + GPU even at your energy costs.

There is more the question whether your notebook can stand the load (heat) 24/7 ...

Good luck.

Smiley
hero member
Activity: 756
Merit: 502
April 24, 2017, 07:48:48 AM
#20
Please for the health of this poor little laptop you are planning to mine with, do not do it. Moreover a GTX 1050 will not make you much money, and you will kill your laptop.

But for regular miners, with mining rigs, yes, mining is always profitable. It just depends of your electrical costs.
jr. member
Activity: 49
Merit: 1
April 24, 2017, 06:21:01 AM
#19
ok, thank you to all !

it sounds for my, that is much of work/stress..... with this electricity costs and so on....and it will take a while to repay the hardware ?.....

ok iam an electronics technican, but atm iam trade with cryptos and i think thats easier and more profitable, than to buy hardware, build a rig and start to mine !?.... and if i not at home for a few weeks (holydays or so on) i need to should the rig up.....
newbie
Activity: 11
Merit: 0
April 24, 2017, 02:00:41 AM
#18
Mining now no profit ...

If the electricity price is lower than 0.2/kwh, it is quite profitable.
sr. member
Activity: 686
Merit: 250
April 23, 2017, 03:45:26 PM
#17
Mining now no profit ...
sr. member
Activity: 512
Merit: 260
April 23, 2017, 03:34:10 PM
#16
you can also sell your laptop and claim it back from insurance as stolen. You can't do that to often but you will make more money than mining with it.
sr. member
Activity: 1246
Merit: 274
April 23, 2017, 02:47:28 PM
#15
I don't recommend mining on any laptop, they typically cannot handle the heat and stress over time.  If your electric is that high you will need to have a serious mining rig in order to be worth it. You could build a dedicated mining rig with 6 GPUs and make a profit, even with high electric cost, but that takes a decent amount of $ to build and you need to know what you're doing with hardware and be prepared to handle heat dissipation, noise, and troubleshooting at any time of day or night.
newbie
Activity: 59
Merit: 0
April 23, 2017, 02:44:59 PM
#14
i think it is better for people, that live in a country with low cost for hardware and electricity ^^

True.

for 1000$ you can build mining rig for mining nicehash or anything else. assume that good motherboard/power supply setup will cost you 400-500$ on its own, and then look around for GPU prices, and for GPU, pick them by profitabiltiy, if you plan on using nicehash, go to that nicehash calulator you already used (https://www.nicehash.com/?p=calc)

and then calculate how much is it worth it for you, make sure to set the electricity costs to get accurate results.
jr. member
Activity: 49
Merit: 1
April 23, 2017, 02:40:47 PM
#13
i have searched a little bit.....

a 450MH Miner costs around 8000$ and makes around 450$ profit per month .......

so i would need 19month to mine the money, for the hardware....

i think it is better for people, that live in a country with low cost for hardware and electricity ^^
jr. member
Activity: 49
Merit: 1
April 23, 2017, 02:24:22 PM
#12
thank you very much !!!!!!!!!

your where a great help !

in this case it is better to let it be (;

iam not really interested in start mining, iam interested in earning some coins -> make money .......

is a miningrig really profitable, with this costs of electricity ?

i think for around 400-1000$/month, i need a big rig, that use much of power.....
then i need to buy the parts and so on, invest time to build and so on......
and with each day it is less profitable ?
or iam wrong ?
hero member
Activity: 728
Merit: 537
April 23, 2017, 02:07:40 PM
#11
OK, so by googling I found that your card would get about 13 MH/s with ethereum and with your electricity cost you'd get roughly 35 cents a day.

This doesn't mean  that I'm telling you to go for it.

1- Mining uses 100% of the gpu of your computer. This isn't good for a laptop at all as it will run at high temperatures for a a long time (might reach 90 'C)

2- It's not worth it. You'll end up getting nearly no money for the damage that your computer might receive.

I recommend you build a mining rig if you are really interested in starting to mine.
legendary
Activity: 910
Merit: 1000
April 23, 2017, 01:54:17 PM
#10
With that processor maximum you will make is about 0.20 dollars per day. I have a Fujitsu E Series with i7 4610 MQ and it does 0.18 dollars per day with Nicehash. Also the Gtx 1050 is not that good for mining, the 1050 ti desktop version does well at 100 Mhash when mining LBRY coins.

It is never recommended to mine with a laptop though as it will burn it down in 6 months maximum if you keep mining 24/7 with it.

If you had a desktop with i7 7700k and a GTX 1050 ti you would make about 1.5 dollars per day with it and without the risk of ruining it in such a short time.
hero member
Activity: 747
Merit: 502
April 23, 2017, 01:39:06 PM
#9
It's not as profitable with your laptop gpu, also the risk of frying your gpu is way beyond the gain of mining with it.
jr. member
Activity: 49
Merit: 1
April 23, 2017, 01:25:34 PM
#8
ok, thank you !

i think the same for Ether and Monero ? !

Ok, if it not really profitable, then i better forgott it (;

newbie
Activity: 59
Merit: 0
April 23, 2017, 01:23:45 PM
#7
ok, thank you !

i have check my graphiccard here:

https://www.nicehash.com/?p=calc

with nice hash minner its only under 1$ per day....... i think that make no sense .....

but whats about mining LTC ?

https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=20&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12

how can i find out, how much hashingpower my graphiccard have ?

thank you very much !

Yeah 1050 is not the best card for mining, but its possible.

I am not very competent with LTC so I'd rather not reply. But my guess would be standard GPU mining in LTC is not profitable anymore.
jr. member
Activity: 49
Merit: 1
April 23, 2017, 12:57:16 PM
#6
ok, thank you !

i have check my graphiccard here:

https://www.nicehash.com/?p=calc

with nice hash minner its only under 1$ per day....... i think that make no sense .....

but whats about mining LTC ?

https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=20&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12

how can i find out, how much hashingpower my graphiccard have ?

thank you very much !
newbie
Activity: 59
Merit: 0
April 23, 2017, 11:48:44 AM
#5
thank you !

i have try nicehashminer.....
it only can mine btc ?
and that is not really profitable.....

i think i pay around 0,25/kwh.....

the thing is, the laptop is ever running 24/7....(without mining, too)
but with a mining-program it uses more power, right ?

wich coin is the most profitable one atm ?

Nicehash mines different algorithms but pays you in BTC which is nice.

0.25/kwh is a lot. It'd be hard to get profit on that price. But I think its possible, not with laptop usually though.

Yeah when you mine it uses much more power depending on your laptop.

jr. member
Activity: 49
Merit: 1
April 23, 2017, 11:43:06 AM
#4
thank you !

i have try nicehashminer.....
it only can mine btc ?
and that is not really profitable.....

i think i pay around 0,25/kwh.....

the thing is, the laptop is ever running 24/7....(without mining, too)
but with a mining-program it uses more power, right ?

wich coin is the most profitable one atm ?
hero member
Activity: 686
Merit: 500
April 23, 2017, 11:37:16 AM
#3
Completely depends on what you pay for power.
If you don't pay for power, it is all profit, if you do than just make the calculation.
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