Topic: My profitability on GPUs (Read 1386 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.

You may try Ubiq, Monero or Ethereum you can get more profitability if you have low cost electricity and may I ask why just make it an extra if you have other GPUs that mines for you? Why not combine them on your other rigs?

The current situation we will earn less profit so you should calculate in your GPU power consumption in one day. Automatically you will find how much profit possible in every month. But current market is not well so you will earn good profit in future not now so you my try monero this will be a good earning platform.

course itself

Hello. Can you suggest what is best to mine with an AMD GPU? I have extra GPUs that are on standby. I can use them for mining: I have 2 rx 570 8gb and 1 rx 580 8gb GPUs. What are the best algorithms and best coins to mine with them?

I wrote this because its as stupid as the OP's post.
I means nothing if you don't explain the details, does it? 

Hi,

There are very bad days...
I don't know, what I should mine on my green cards. ETH?.. BTG?.. As I remember, NiceHash was good decision, but not now. They advertised good profit, but I couldn't gain it.

How you can mine zcash bitmain completely killed it. In my opinion for now good option are ETC, ETH and some unknown coin.

Thank you for your suggestion . I will try to mine RVN and I hope it can help me to get some profit to compensate my electricity loss before and I can quickly recover my expenses for GPU miners soon.

That's why I'm mining RVN

I'm also in this situation, 60% on / 40% off.

I have turned off all my inefficient rigs and only mine with efficient rigs with marginal profit.

I'm mining RVN and selling it immediately.
I can suggest you try different pools and miners - you could gain 10-20% profit.

which coins did you mine at the present? I mined Zcash and  Ethereum  but it seems the profit is very low sometimes I got my loss of electricity.
and I went to mine some XVG or Zcoin but the diff is too high then I stopped mining .

As I could understand, more stable coins you can find on the whattomine. Sometimes on the coinwarz I see great profit, but after day of mining my real profit is tends to whattomine.

Great question. That guy is way better off reading posts of people like DrG who clearly explain why mining at a loss is stupid and extremely counter productive to earning profit at all. Considering earning 0.1 BTC per day requires a lot of hardware and electricity, you should spend more time thinking about the economics of mining.

Just turn off your miners and use the mining electricity to buy actual coins.

Not only what to mine can suggest you if what coin is the best to mine you can use the other tools below.
https://www.coincalculators.io/ and https://www.coinwarz.com/cryptocurrency

I hope that you can find which coin you can mine higher than the profit you earn before.
As of now, vega is way much better than 1080ti

Could you, please, provide me with any ideas, how to get more. Really, I couldn't gain advertised by whattomine.

as I know, Cryptonight V7 is better for AMD.
I'm mining RVN and for today I get arround BTC 0.00012 / each 1080ti and BTC 0.000085 / 1070.
I'm using z-enemy miner (sometimes I'm trying some new miners, yet I couldn't find better). What about the pools... I'm looking for better than yiimp.eu.

I'm not sure where you live, but the tax code in the US has changed for cryptos this past year. Now the sell event is considered any time a crypto is changed forms like from BTC to LTC not just when you liquidate to fiat. They don't treat crypto as real property like a 1031 exchange, they treat it as a currency transaction.

Also it is not stupid to stop mining at a loss. In fact it is stupid to mine at a loss (unless you have some need to hide your coins). This has been discussed by myself and others ad nauseum on other posts - you should do some reading.

Profitability is a relative term. You are profitable, or not, only at the point you cash out to FIAT, after deducting cost. Until then, it's a very subjective term.

When you're mining in general, you must have already calculate and accept that paying for your electricity upfront. Electricity must already be factored in as "production cost" and NOT pegged to daily/current coin price.
I see some miners stop mining because their coin price drop below their monthly electricity cost. I feel this is kind of stupid, to start and stop mining based on current price.
To me, I'll only switch mining a particular coin if the project goes dead or difficulty level goes super high.
You can see that I use the term "switch" instead of "stop".
Bottomline, you need to have a full-time day job and this mining as side income or "savings". Good luck to small miners fully dependent on mining profit as your only income.

agreed I am mining and holding .

I reduced power bill by mining less so I can afford to pay power out of pocket.

so if I mine 1200 usd in coins and pay 1000 in power I can pay power out of pocket for a long time. Years if need be.

Basically the profits are horrible if you mine and sell right away.

Might as well hold the ETH and hope for a recovery soon.

I regret selling my BTCs mined during 2015 for like $200 USD. Made like 0.03BTC per day or so. And pretty
Much sold most of it.

Back then it wasn't profitable either, it was only profitable if you've held on to it.

1080ti's on eth with eth pill earn about 2.50 used about 550 power which is 13kwatts a day at 14 cents = 2.10

so today

2.50
2.10
  40 cents

eth has crashed to  218 usd

my vegas are better

4 of them earn 4 dollars on xmr


they burn 840 watts or 20 kwatts at 14 cents =  2.80


so

4.00
2.80
1.20 profit

the good side is winter is coming my power will drop to 10 cents and xmr is forking again maybe it will jump in price.

My 1080 Tis are Grossing .00021 BTC each per day, and costs me about 42 cents per day to run. ( not including cooling costs ).

With the current price of ETH and power costing .08/Kw I've shut my rigs down.  There's no profit in it at this price.

That's the main reason. Even for 1080 Ti, Zcash was one of the most profitable coins to mine, but those times are long gone.


According to whattomine.com, Cryptonight V7 is not going to save the OP. It suggests Lyra2REv2 and X16R as somewhat better options, but the differences are small.

I used to mine with 1080 Ti and it was really profitable. It is sad to see how quickly the GPU mining situation has changed for the worse.

It is really strange that a 1080 ti to make that low amount. Probably you can put it to mine Cryptonight V7 and it will at least do better than that. I am not sure though as the only times I have had to deal with 1080 ti it was on customer PC-s and they were mainly gaming PC. I am sure though that this amount can be more with the 1080 ti.

Unfortunately for the 1070 I am afraid you are right. It is best at mining Zcash and Zcash profitability after the ASICS hit the market is worthless with GPU-s now.

Why are you mining then?

I mine 0.1 BTC/day.
Electric costs are about 0.12 BTC/day.

I think this is profitability if you mine metaverse according to whattomine and like you said you can make 0.00013 btc daily with gtx 1080ti without deducting power consumption.
Same as gtx 1070 so if you are running it on free electricity it's profitable but it depends if what coin you are mining.

This. The numbers you have shown us are so low that, depending on your electricity bill, it could make mining questionable. Some people want to continue mining at a loss in hope for a future price rise. This may very well be true, but then again why not buying the coins directly on an exchange? Unless the latter is too complicated or impossible, in which case you are already doing all you can.

Like wheelz1200 said, this info you gave is indeed rather pointless without your electricity cost you are paying per kWh. I could also make money from mining but my 0.13eur/kWh electricity will just eat up all the profit.

This has little to no value here.  Base on what electricity, what coins you mine, etc.  Add some more info if you are looking to get a reaction good or bad on how you are doing.

My current profitability on


1070 0.00008 BTC/day
1080ti 0.00013 BTC/day