Wanted to may be starting some mining and need advice

[ChefX]

Wanted to may be starting some mining and having a hard time to figure out what to do hardware wise and software wise.

 

I am not using my gaming rig but I do have many others parts I can pull from the other rigs  like

CPU Ryzen 3200G Ryzen 3100 Ryzen 3200G

GPU 1080ti , 1060, 1050Ti

 

Just want to may be build something on the side and may help funding on the next upgrade

 

 

[jaslion]

Check your electricity power per kwh. Then check the mining hashrates of the cards to see what is profitable.

 

If it's profitable go and setup as little systems as possible with as many gpu's as possible.

 

Or

 

Be smart and make mad cash right now and sell those cards.  Mmore than you'll make with crypto ever. If including selling the cards later then depends on how hard the market crashes this time.

 

[Statik]

13 minutes ago, ChefX said:

Just want to may be build something on the side and may help funding on the next upgrade

 

 

That hardware is not going to net you money, I assure you. If you make anything it'll be pennies over the course of a year. You'll likely spend more on power than you get from mining. Mining is really only cost efficient if you have a large scale operation (think warehouse with racks of GPUs). If you wanna put them to a good use I'd look into Folding@Home

[Kirky2k15]

Having watched LTT's nicehash vid, I thought I'd download it and set everything up just to see what my profitability would be on a dell laptop with a core i7 9750h and an RTX2060 laptop GPU.

 

£2.45 or 0.06127 or thereabouts m/BTC per 24 hours.

 

That's it - that's just not worth the effort.

[tikker]

21 hours ago, Statik said:

That hardware is not going to net you money, I assure you. If you make anything it'll be pennies over the course of a year.

Wrong. A 1080 Ti can currently still get you ~$3-4 a day before electricity. Warn people they won't make bank. Don't spread misinformation about it not being profitable at all.

 

I wouldn't purchase anything new specifically for mining at the moment, but the 1080 Ti + 1060 (if it's the 6 GB version) should still net you something around $1-2 a day depending on your electricity costs in the current market. If you just want to dip your toes in the water start with NiceHash. If you want to dedicate some time to it or care more for ETH than BTC, find a pool and set up a miner.

[Statik]

21 minutes ago, tikker said:

Wrong. A 1080 Ti can currently still get you ~$3-4 a day before electricity. Warn people they won't make bank. Don't spread misinformation about it not being profitable at all.

 

I wouldn't purchase anything new specifically for mining at the moment, but the 1080 Ti + 1060 (if it's the 6 GB version) should still net you something around $1-2 a day depending on your electricity costs in the current market. If you just want to dip your toes in the water start with NiceHash. If you want to dedicate some time to it or care more for ETH than BTC, find a pool and set up a miner.

Where do you get that number from? With the avg price of power in the US, you'd be lucky to make $1/day I'm pretty sure. And at that rate what's even worth it

[tikker]

16 minutes ago, Statik said:

Where do you get that number from? With the avg price of power in the US, you'd be lucky to make $1/day I'm pretty sure. And at that rate what's even worth it

Mining calculators and my own revenues over time. I did say before electricity. For me electricity costs €0.23 per kWh, netting me around €2.64 per day which would equate to ~$3.17 and an exchange rate of 1.2.