Topic: My profitability on GPUs (Read 1384 times)

 At this rate you may as well shut your rigs off, sell them, and start buying 0.12 BTC per day and make more over the long run.  Doesn't make sense to spend more than you are earning.

I have solar panels, but still have shut my rigs down for now and have started selling some gear (Vegas and 1070s). I'm keeping all my 470s for now, they're old and not worth much any longer.

Seems like a better idea to sell part of my cards that can still sell for decent prices and buying crypto with it (already purchased bout 2 ETH so far).

I'm a die hard mining fan, but at some point, making 2-3$ a day just doesn't make sense. Some of you will say it's still a profit, but that's just way to close to being in the red. If what I mine takes another dump, whatever profit I made until now will be instantly wiped out.

My miner friend is still making $4 a day on each card but he mines new coins that are under the radar, if your mining the well known coins you will barely make any profit.

hmmmm, well 100,000 sats a day is, well a 100,000 sats a day.
Yesterday was low for some reason, 85,500 sats
So far today, down again, but i am mining 2 other coins on same single cpu....

Think you can do better with 1 Ryzen cpu, please let me know
In fact i'm sure everyone would love to know.
J

Also not a long term anything, i am cashing in every 24 hours....

The rates are changing daily and the amount you are mining in a monetaryt value will change. You can’t judge it by your daily situation, since it is a long term investment.
Some altcoin algorithms might be better though.
Also, winter season is coming and your rigs will be heating up your space, saving some costs.

Unfortunately, you know I cant do that, or my earnings will plummet to nothing.
Today is lowest day so far....8 hours and only 30,0000 sats so far...so will struggle to do 90,000 sats today i think.

The only advice i can give anyone, is stop looking solely on here....
Just 1 simple look at my "Show unread posts since last visit. ", and i can see topics that have had 6000 replies, and 30,000 views....
What that tells me is that if anyone suggest any coin on here, within 24hours it will be stuffed....

My thoughts would be, go find quiter exchanges, not Cryptopia, bittrex, yobit, etc, but really small obscure ones....go find a coin, lowish diff, lowish connections, probably very low value, and find the wallet.
Thats the hard bit most times, find the wallet and get it synced...somethimes that stage can take weeks, sometimes even with the wallet, you just cant get it synced....
but, if you do, then try mining it...very gently, MUST not break the chain ( Yes that means all u guys with 1080 rigs....NO), start with cpu miner, or very first ANN recommeded miner....get aconnection, then get some shares, and hopefully get a block.
Only then can u start to increase core count, or move to gpu, or even multi gpu....but keep a check on "getmininginfo"
Watch your hashrate compared to nethash, you only need to be around 40% of nethash in general to win vast majority of blocks...even 10% will get you good rewards....BUT the mistake i seen is people hit it with 6/8 1080tis, will every block, and keep winning, but they of course the blocks slow down, and eventually then hit the correct block time....thats when they realise that the are not making enuff money to cover their costs....so they mine another 24hrs and cut their loses....
Now they have inadvertently stuffed the chain, so say it was scrypt @ 250kh/s...then hit it with a rig, or worse a L3, so hash jumps to 500mh/s, so thats a 2000 times increase, so diff shoots up respectively...

Now if its an old ish coin, they all ramp up correctly, but generally dont come back down correctly, sometimes they dont come bach down at all...so how an L3 guy gets 1 block every "blockrate", and guys with even 8 1080tis will struggle to get a block a day. and as for cpu miner...well he is screwed forever....

So, do loads of research, try btcpop, or freiexchange (just examples, not recommendations), see if they have any slow moving coins....
Also, without giving away too many secrets, don't rely soley on coinmarketcap...the data is very good, but same problem, everyone uses it. Dig deep, there are lots of other places that have info too....

I think the "over mining tips" is key thou, mine every block, and first, anyone coming along can see, that all they have to do is beat that hash, and then they took, get every block (and there's always a much bigger miner), second, if you are using SO much hash to gaurantee yuo win every block, well then why would any one want to trade that coin....

So, have fun, do loads of research, find a little corner, and spread the word slowly....( u need a market, after all )
Failing that just use NH and mine the sh*t out of Etherium like everyone else

J

wow , it's unbelievable result ! Can you tell what coin you mine ? It's definitely not a Monero , or any other popular coin on cryptonight algo , because their profitability is only around 0.3$ daily per single r1700 cpu .

;( I'm making more than that with 1 R1700 (no kidding)
J

be patient. There is no need in selling your mined coins right away. Keep them and you might be happy after some time.

Profit is when you keep money in your wallet or bank account.
Profit you will receive when you sell the crypto currency.
As a result, someone will earn a few dollars a day from the card, and someone will earn a some tens of cents a day from the card
This is a very important point. Now you can make a profit from the card 0.00008 BTC / day, and in six months it can increase by 10 or more times.
Therefore, it is necessary to distinguish intelligently the virtual profit from real

Those are small values on my view even having a cheap electricity then this wont really be what worthy or feasible unless if youve done this for the sake of hobby then it wont really be that bad.


Good option but since he didnt tell on what he do mine.

What do you mine today with those ti's?

at least you have a 2 bucks per day

a 2$ may get doubled in just holding depends on what coins you are mining

09/20/2018

8*1080ti;
gained BTC 0,00105590 per last day ($$6.75-7);
I stopped mining RVN last 2 days. Using autominer;
Electricity costs $0.14 / kWh.

well...

$$6.75-7 - around $5 (electricity per day)

profit is up to $2 per day / rig

Hi,

Which price is low for your friend?
My price is $0,14

Either that or another theory would be that your friend is lying or exaggerating about the amount earned.

Like leowonderful said, it is going to be extremely difficult to find a coin today that gives that amount of revenue. If anything, GPU mining is already unprofitable. The only course of action i see now is to sell GPUs and simply buy coins directly and wait for the uptrend.

I assume your friend’s mining a pretty obscure coin, as even before electrical costs I don’t see any cards breaking $2 per day on either Whattomine or Nicehash (even the Titan V on Nicehash doesn’t break $1.50 daily before electrical costs). I still do agree that it’s better to simply buy coins right now, though, as mining at current rates isn’t too profitable, and it’s risky to gamble on mining a low-difficulty coin and hoping prices go up on it.

My friend is still making $2 a day on each card but he has really low electricity prices.  If you don't have cheap electricity you should sell all your gear and just buy the coins.

I make around $5 per day with 30 GPU... after power bills... Gonna take a 10 years to ROI the hardware, if this continues 

Mining at the moment is useless
Even if the electricity is free .. Earn 1070 card only $ 0.57 Repeat if the electricity is free
So do you think this profit is good for gpu the price of it  $ 450 !!!!!

If you're asking us what to mine, using a tool such as Nicehash that automatically switches between the algorithm people are paying most for, or a site such as Whattomine will do the job. It's extremely simple to do either of these things, and nobody's going to tell you exactly what coins are the most profitable. It's up to you to figure that out.