Is this realistic montly income? Newbie needs help

fmz89

legendary

Activity: 1764

Merit: 1002

Quote from: Chris Redfield on February 23, 2021, 04:07:04 PM

Hello everybody,

I just started mining with my RTX 3080.
I'm using T-Rex as mining software.
I'm still very new to this and I just started learning and expanding my knowledge about cryptocurrency.

My PC is mining last 26 hours and when I started mining I got monthly income of $66,after few hours that it increased to $230.
Next day (after 20 hours of mining) I check my PC and I saw that my monthly income should be $450!
I'm very new to this and I'm very skeptical I'll earn even close to that amount.
I'm getting around 86-92Mh/s.

Can you tell me is it possible that I can earn $450 with single RTX 3080 if I mine 24/7 for one whole month?
It looks too good to be true.
What amount can I realistically expect by your opinion?

basically this isnt big as 2017 profit but definetly soon you got more profit as eth gain on price

and dont count a whole month for profit, per-day profit more likely because the next few days doesnt always same

Mighty_crypt

member

Activity: 784

Merit: 21

Quote from: Chris Redfield on February 23, 2021, 04:07:04 PM

Hello everybody,

I just started mining with my RTX 3080.
I'm using T-Rex as mining software.
I'm still very new to this and I just started learning and expanding my knowledge about cryptocurrency.

My PC is mining last 26 hours and when I started mining I got monthly income of $66,after few hours that it increased to $230.
Next day (after 20 hours of mining) I check my PC and I saw that my monthly income should be $450!
I'm very new to this and I'm very skeptical I'll earn even close to that amount.
I'm getting around 86-92Mh/s.

Can you tell me is it possible that I can earn $450 with single RTX 3080 if I mine 24/7 for one whole month?
It looks too good to be true.
What amount can I realistically expect by your opinion?

Mining rewards isn't stable, it goes up and down with a day or two depending on the current market condition, I'm mining with 93MH here and my daily reward varies from 10$ to 20$, for example when there was panic everywhere yesterday and people are selling off eth and tokens the mining rewards doubled up, here is a calculator for RTX3080

https://minerstat.com/hardware/nvidia-rtx-3080

xxcsu

hero member

Activity: 1498

Merit: 597

Quote from: Chris Redfield on February 23, 2021, 04:07:04 PM

My PC is mining last 26 hours and when I started mining I got monthly income of $66,after few hours that it increased to $230.
Next day (after 20 hours of mining) I check my PC and I saw that my monthly income should be $450!
I'm very new to this and I'm very skeptical I'll earn even close to that amount.
I'm getting around 86-92Mh/s.

Can you tell me is it possible that I can earn $450 with single RTX 3080 if I mine 24/7 for one whole month?
It looks too good to be true.
What amount can I realistically expect by your opinion?

HERE in this topic you can find answer for many of your questions

But just in case im quoting for you and highlighting some basic answers :

Quote from: xxcsu on February 18, 2021, 10:48:08 PM

Posted this topic almost 3.5 years ago... There is the brand new, 2021 updated version

There is the Original Link for my topic from 2017 HERE

The same thing happening now what happened in (2016) 2017, ppl got crazy about mining, investing money into GPU's, ASIC's, hoping a big profit in a short time, GPU's, ASIC's price are crazy high, but really no one know what's coming in the future.

Lot of us know what happened in 2018, some of us was able to make a great profit with mining ( mostly those guys who started mining before crazy GPU prices ), and some of the unlucky ones come back to this forum and cried for they Money, said just bad things about mining ( mostly those guys who paid 3x, 4x, 5x price over a RX480/580 MSRP ( manufacturer's suggested retail price ).

Before you jumping into mining please do your own research, especially about ETH mining, check the roadmap for ETH development, make sure you know more than what mining calculators telling you. Learn about ETH2 , EIP 1559 , Mining Reward Reduction ... and if you are living in the USA , make sure you know what this IRS letters are about : Letter 6163 , 6174 and 6174-A also ... Its a good thing to know about Tax Consequences
The big brother is watching you, and not just in the USA.

HAPPY MINING to all of you and good luck with your new adventure Wink

Quote from: xxcsu on September 26, 2017, 11:36:37 AM

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTIONS " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ? WHAT IS THE MOST PROFITABLE COIN TO MINE"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or don't bc you just wasting your money and time !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
No one can tell you what is the best coin to mine !
No one can tell you what is the most profitable coin to mine! Coins profitability always changing, what is best to mine today, maybe going to be the worst to mine tomorrow !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later, tomorrow, next week, months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not Grin

YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...

! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !

TGJ

jr. member

Activity: 173

Merit: 5

Quote from: John.barret on February 23, 2021, 06:02:04 PM

What would be a real plan to earn money off of cryptocurrencies? Help plz

1. Build a time machine
2. Go back to 2009
3. Buy all the BTC you can
4. Hodl

John.barret

newbie

Activity: 9

Merit: 0

What would be a real plan to earn money off of cryptocurrencies? Help plz

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

you can look at this pool viabtc

that changes every day. so your gear if you mine 90mh at viabtc will make 90 x .1046 = 9.41 for 1 day

Since July 2020 is has moved from 0.0150 up to .1350 down to .1046

I would say take todays number of .1046 add to the low one and devide by 2 you get 0.0598 x 90 = 5.38 a day for 30 days = $161 for the next month is a safe guess

Chris Redfield

newbie

Activity: 26

Merit: 4

Quote from: miner29 on February 23, 2021, 05:35:00 PM

Depends on market.
Obviously it changes with price of coin and difficulty of coin plus rewards.....

Right this second seeing just under $10 a day on 3080....but it changes often.

So,that's basically predicted amount and I should concentrate on ETH I managed to mine and own?
Are you familiar with Ethermine and if so,I heard that they changed policy for minimal payout.
It use to be 0.05 ETH per week and now it's 0.1 ETH.
I heard that some people said that they are still option to get payed once you mined 0.01 ETH,is that true or are those just rumors?
PS
Judging by current market state and your knowledge what would be your best guess I could earn in one month?
I know that's impossible to predict,but I'm just curious to hear your opinion,like I said I'm aware that can't be predicted,but just take a wild guess if you want.

miner29

full member

Activity: 1275

Merit: 141

Depends on market.
Obviously it changes with price of coin and difficulty of coin plus rewards.....

Right this second seeing just under $10 a day on 3080....but it changes often.

Chris Redfield

newbie

Activity: 26

Merit: 4

Hello everybody,

I just started mining with my RTX 3080.
I'm using T-Rex as mining software.
I'm still very new to this and I just started learning and expanding my knowledge about cryptocurrency.

My PC is mining last 26 hours and when I started mining I got monthly income of $66,after few hours that it increased to $230.
Next day (after 20 hours of mining) I check my PC and I saw that my monthly income should be $450!
I'm very new to this and I'm very skeptical I'll earn even close to that amount.
I'm getting around 86-92Mh/s.

Can you tell me is it possible that I can earn $450 with single RTX 3080 if I mine 24/7 for one whole month?
It looks too good to be true.
What amount can I realistically expect by your opinion?

Topic: Is this realistic montly income? Newbie needs help (Read 169 times)