Topic: New to mining need an Advice (Read 680 times)
if I had 1 video card on a desktop computer , then I would do in the afternoon worked and at night started mining, choose a coin or project in which you believe and do not sell at once, mining a year and then you will be glad.
Oh what kind of advice. Well basically mining is a protocol of system that helps make things move easier and less expensive and faster on the crypto network. But alot of people has thought crypto mining is a get rich system which is actually wrong. Mining and earning from mining takes alot of system to be in place inorder for things to move smoothly. So if you intend to join, you should be ready to be very patient with the system because the profiting comes on a long run, not immediately.
Hello as I said I'm a bit newbie in terms of mining. I want to try out GPU mining if its possible and got some few questions and hope that someone can help.
1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).
2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)
1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).
2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)
1) No
2) No
Just forget it like a nightmare.
for those of you who are just starting to play digital currency by mine, there are some things you need to know so that you can get maximum results. But most people think Mining Bitcoin it must have a lot of Hardware or Mining Rig as it is widely circulated on the Internet. Actually do not have to also use special Hardware Mining Bitcoin like Antminer S7 or use PC with VGA up to 10 pieces. Actually Mining Bitcoin (Altcoin-Bitcoin) need only Hardware secukupnya and if there is more capital, better used to buy new hardware that will be present in the future.
I second this (or third or whatever). RVN is perfect case right now; before that, ZCL was low dif and fork was coming, knocked out a bunch before it got hyped, and sold at the top. There will be more, keep an eye on ANN announcement. NVIDIAs have good range on a number of algos, cryptonight excepted. GDDR5 (not 5X) will be fine on ethash too, especially smaller coins that don't get hit by new ASICs. Good luck.
I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
This is probably the best strategy to earn something with one GPU. Mine new coins with low difficulty and hope they would be worth something in the long run.
I very much agree with this. My experience with RVN has borne that out. Each week when I did my research for ICO's I would look at a lot of coins/releases (not all ICO's - RVN wasn't), and a few months ago I came across RVN and pointed a 3-card (1070 TI) at it and was lucky enough to be getting hundreds of coins per hour. This didn't last too long, but I was able to amass a halfway-decent number of them, which I will hold onto because I happen to believe in the coin itself and the community around it.
And this could definitely be a strategy. Examine every new announcement in the ALT thread, plus look around elsewhere (Twitter is where RVN was actually announced in October of 2017 - I wish I had been paying attention then!) and then point your card/rig at it early and see what happens. When it starts to fall off, find another one. Doing it this way spreads the potential around a bit, such that if, say, 20% of the coins you mine over a given year go somewhere, then those 20% might be worth it. If you stick to just one, then there's much less chance of getting a decent ROI.
Anyway, that's one approach. I'm sure there are plenty of others.
eth mining is card comsuming, my suggestion is not to mine eth, but to mine some other altcoins using algo like equihash.
ETH mining could be a good choice if you know of tokens to buy with it. If you only desire is to mine ETH and then sell it for dollars then there are probably better choices to get the best returns, however the advice for which coin is best varies every day or even every hour so its hard for us to say.
Also it depends on your wattage when mining each protocol, some people can get far closer to 100 watts then other people and that makes that particular coin a much better idea then something which takes over 200 w
Thats the problem with nicehash, it alters the protocol without asking and you will need to be changing the clocks on the card to match it best. As far as CPU mining goes, its supposed to leave some spare capacity but you could also alter priority via Task Manager, just lower the priority of the CPU hash program so that your regular OS use does not suffer or the GPU usage even
*I've got some few questions to know though, about what's the best algo to use using Nvdia GPU, since its not that as scarce as AMD. I do know that I can make a bit more profit if I use AMD but the supply is the problem, whats the best coin to mine And my recent question about nicehash thing and other apps used to mine like ccminer.
For NVIDIA 1080'ti or 1070'ti, NeoScrypt coins be a good choice but strong enough in Ethash algorithm equal to RX580 8GB or may more almost reach Vega. I suggest NSGminer for mine NeoScrypt nor Ethash you can use Claymore.I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
This is probably the best strategy to earn something with one GPU. Mine new coins with low difficulty and hope they would be worth something in the long run.
You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.
OP doesn't focus on electricity although you mention an electricity cost effect to profit, but a problem primary not that. let's focus on a specific problem although I know problem profit can be influenced another factor and OP has been confirming:Sorry @dimsk but I just want to stay on topic on my questions and you advising on the power consumption factor wasn't helping answer my queries.
Some times they do not know what the question to ask.
And I am very close to this matter. I have a rig, I mined different coins on different algos and cards. Better do not argue with me but ask me about real experience
Thanks for the reply but dimpsk is insisting on the power consumption factor on which I don't want to focus right now. I know if I fully pursue mining as an investment I need to take inconsideration the power consumption. Let dimpsk know that I'm just in for experience and knowledge to study if its feasible or not. I know I need to take consideration the electricity used but not know.
*I've got some few questions to know though, about what's the best algo to use using Nvdia GPU, since its not that as scarce as AMD. I do know that I can make a bit more profit if I use AMD but the supply is the problem, whats the best coin to mine And my recent question about nicehash thing and other apps used to mine like ccminer.
edit. I do intend to ignore others advising gibberish thing which was not what my OP intended. As we know this forum is full of shitposters just like this one.
*I've got some few questions to know though, about what's the best algo to use using Nvdia GPU, since its not that as scarce as AMD. I do know that I can make a bit more profit if I use AMD but the supply is the problem, whats the best coin to mine And my recent question about nicehash thing and other apps used to mine like ccminer.
edit. I do intend to ignore others advising gibberish thing which was not what my OP intended. As we know this forum is full of shitposters just like this one.
Yes me an advice should be mining need the wolrld level business.you might be feeling a bit mining if you’ve got any money invested in them.my suspect is that most of the machines that weren't profitable now are. I also understand that old machines can compute less bitcoin as the difficulty increases with the number of machines mining.an advice on good profitable growth the mining industry.I would like to start mining, but without a big investment. I want to see if I like it and if I want to invest more time, money, energy on it.
You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.
OP doesn't focus on electricity although you mention an electricity cost effect to profit, but a problem primary not that. let's focus on a specific problem although I know problem profit can be influenced another factor and OP has been confirming:Sorry @dimsk but I just want to stay on topic on my questions and you advising on the power consumption factor wasn't helping answer my queries.
You're doing it right, Just like i did when i started in october 2016 with 1 Rx480.
It is still profitable, but not profitable as a few months ago. As we can see cost of sime coins deacrease and difficulty increase. I think you can start with 1 card its gonna give you expirence and later you can decide drop minning or buy more gpu
totally agree. It is now making around $1.5 revenue per day with one 1080ti in rig, every week you gain a free pizza and at the same time you get experienced. If there is going to be another blooming season you will not miss it. 
You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.
How is it not profitable if I have (for discussion purposes only) free electricity?
It is still profitable, but not profitable as a few months ago. As we can see cost of sime coins deacrease and difficulty increase. I think you can start with 1 card its gonna give you expirence and later you can decide drop minning or buy more gpu
I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
One suggestion I hear sometimes with 1 or 2 gpus is to beat the bushes for the next coin that will have some kind of pump, jump in early when you can get a few, then sell high. Easier said than done, but I did make it work with zclassic and I believe many have with ravencoin, sure there are others. Speculative mining--just a game, really, if you already have the gpu. Takes some pressure off to generate steady substantial income.
I have been mining with 1 GPU for about two months and it's profitable when I crunch the numbers, about a whopping $8 - $9 a month.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
Best advice I can give you is think long term; it's a slow grind. Now's not the time to invest any money into it. I already had a gaming PC with a GTX 1060 6 Gig card that I barely use so it's just the cost of electricity for me. Find a coin you like and mine it; plan on holding it for several months or longer and hopefully the value will go up and you can make some $$$.
See the OP storyline:
1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).
2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)
Answered
question no.1 and no.2 were clear. but OP has a problem again for a question no.2
Answered
but OP has a question:
seems your spec doesn't need to upgrade, its good enough for multitasking. your lag issue caused by your CPU do the mining through NH.
I think the question and the problem of OP has been clearly.
so,
Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse
so, this post not relevant to OP because OP has been posted
1. First is, is still profitable to mine using just 1 card? My plan is to try one gtx 1080ti or 1070ti (just ignore the electricity consumption factor).
2. Will it be possible to plug it on my workstation and be able to do my daily tasks on my PC and be able to mine. (What I mean is just using my onboard graphics and letting the GPU to mine.)
Answered
1. yes
2. yes
2. yes
question no.1 and no.2 were clear. but OP has a problem again for a question no.2
Anyway, I already bought a card and its a 1070ti. Now my problem is that when I use Nicehash, my computer is a bit Laggy. Thus, making the PC unusable for my second purpose which was to make this as my workstation at the same time. Is there any workaround on this so I can still work while my GPU is mining?
(What I'm planning is to put directly my hdmi cable directly to board to use the onboard graphics while running my GPU) Will this be possible?
Just to add. I had been researching for the best Algo to mine using Nvidia GPU. Also nicehash shows Lyra2v2 gives much decent earning. Would love to hear your suggestions about this. Thanks
(What I'm planning is to put directly my hdmi cable directly to board to use the onboard graphics while running my GPU) Will this be possible?
Just to add. I had been researching for the best Algo to mine using Nvidia GPU. Also nicehash shows Lyra2v2 gives much decent earning. Would love to hear your suggestions about this. Thanks
Answered
--snip--.
Can be happened because of spec your cpu such Processor, RAM.--snip--
Yes you can do it.but OP has a question:
Currently I'm using an i3 7th gen procie, and a single stick 8gb ram? Do I need to upgrade these parts?
seems your spec doesn't need to upgrade, its good enough for multitasking. your lag issue caused by your CPU do the mining through NH.
I think the question and the problem of OP has been clearly.
so,
Nope it is not profitable now to mine using 1 GPU due to electricity costs on the whole PC.
Except you have free electricity wall ofcourse
so, this post not relevant to OP because OP has been posted
(just ignore the electricity consumption factor).
You don't understand what are you talking about. Mining on 1 GPU is not profitable now. That's it.
Yes me an advice should be mining need the wolrld level business.you might be feeling a bit mining if you’ve got any money invested in them.my suspect is that most of the machines that weren't profitable now are. I also understand that old machines can compute less bitcoin as the difficulty increases with the number of machines mining.an advice on good profitable growth the mining industry.I would like to start mining, but without a big investment. I want to see if I like it and if I want to invest more time, money, energy on it.
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