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I want to do bit mining on my gaming pc pls help

I’ve been thinking about doing Bitcoin mining for a bit and I’ve been trying to find out some details about it but I’m not sure if my pc is gunna be profitable for like 10$ an hour or so I just wanna start off small and the money I do make I’m gunna use it to upgrade my build let me give you the specs.

 

 

I have a amd ryzen 2700 or a amd ryzen 1400 I can remember and I have a gigabyte rx 570 with a 16 gb kit of team group t-force Vulcan z ddr4-3600

for storage I got a 512gb sabrent m.2-2280 nvme SB-ROCKET-512 

 

is it profitable 

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Bitcoin mining on PC is no longer practical and hasn't been for quite a while. It's all done on ASIC hardware now.

 

There are other cryptocurrencies that you can mine on PC, but if you are at the stage where you don't know of any cryptocurrencies except bitcoin, you need to do way more research before you even try.

 

With your hardware it is unlikely you could mine anything profitably once you take into account the cost of power. 

Corps aren't your friends. "Bottleneck calculators" are BS. Only suckers buy based on brand. It's your PC, do what makes you happy.  If your build meets your needs, you don't need anyone else to "rate" it for you. And talking about being part of a "master race" is cringe. Watch this space for further truths people need to hear.

 

Ryzen 7 5800X3D | ASRock X570 PG Velocita | PowerColor Red Devil RX 6900 XT | 4x8GB Crucial Ballistix 3600mt/s CL16

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2 minutes ago, Middcore said:

Bitcoin mining on PC is no longer practical and hasn't been for quite a while. It's all done on ASIC hardware now.

 

There are other cryptocurrencies that you can mine on PC, but if you are at the stage where you don't know of any cryptocurrencies except bitcoin, you need to do way more research before you even try.

 

With your hardware it is unlikely you could mine anything profitably once you take into account the cost of power. 

well it depends if he has the 8gb version he could make like $2 every 24 hours but if it was the 4gb he could make $1 every 24hrs this is accounting the electricity.

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1 minute ago, Middcore said:

Bitcoin mining on PC is no longer practical and hasn't been for quite a while. It's all done on ASIC hardware now.

 

There are other cryptocurrencies that you can mine on PC, but if you are at the stage where you don't know of any cryptocurrencies except bitcoin, you need to do way more research before you even try.

 

With your hardware it is unlikely you could mine anything profitably once you take into account the cost of power. 

I’ve checked and Bitcoin is the most profitable for just one Bitcoin you can get 45,882 and other crypto currency’s are going for like 8 5 k

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11 minutes ago, Middcore said:

 

That's totally irrelevant, since you can't mine for bitcoin on your hardware.

 

From reading this and your other posts your level of computer knowledge seems low, and I'm also going to guess you're quite young. I'd advise you to forget about this before your possibly damage hardware you can't replace and run up your parents' power bill to make an amount of money that probably won't be meaningful even to a kid. 

 

It should be the opposite. Encourage him to learn more, experiment, and fail. Learning crypto at a very young age can help a ton and all the associated knowledge that comes with it.

17 minutes ago, Lucasgrady12 said:

I’ve checked and Bitcoin is the most profitable for just one Bitcoin you can get 45,882 and other crypto currency’s are going for like 8 5 k

That's the price that has nothing to do with the rate at which you mine. Download nicehash and read all their technical info on bitcoin.

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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2 minutes ago, BuckGup said:

It should be the opposite. Encourage him to learn more, experiment, and fail. Learning crypto at a very young age can help a ton and all the associated knowledge that comes with it.

 

We probably fundamentally differ on whether crypto is even a worthy field of endeavor, but I don't think it's ethical to tell him to "experiment and fail" when the consequences of his failure won't rest entirely on him.

 

Regardless, his posts prove he doesn't have anywhere near the level of knowledge necessary to start mining, and he's not going to get up to speed by reading a couple of forum posts here. That's why I told him to go do way more research, since the extent of his seems to have been limited to seeing the current price of bitcoin and then imagining himself rolling in a Scrooge McDuck-ian money vat. 

Corps aren't your friends. "Bottleneck calculators" are BS. Only suckers buy based on brand. It's your PC, do what makes you happy.  If your build meets your needs, you don't need anyone else to "rate" it for you. And talking about being part of a "master race" is cringe. Watch this space for further truths people need to hear.

 

Ryzen 7 5800X3D | ASRock X570 PG Velocita | PowerColor Red Devil RX 6900 XT | 4x8GB Crucial Ballistix 3600mt/s CL16

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3 minutes ago, Middcore said:

 

We probably fundamentally differ on whether crypto is even a worthy field of endeavor, but I don't think it's ethical to tell him to "experiment and fail" when the consequences of his failure won't rest entirely on him.

 

Regardless, his posts prove he doesn't have anywhere near the level of knowledge necessary to start mining, and he's not going to get up to speed by reading a couple of forum posts here. That's why I told him to go do way more research, since the extent of his seems to have been limited to seeing the current price of bitcoin and then imagining himself rolling in a Scrooge McDuck-ian money vat. 

What the worst that can happen is he can't figure out how to start mining and just doesn't make money. I started getting into crypto when I was 13 and I struggled through trying to setup the binaries but this forum helped me figure it out. You don't need any knowledge of mining to start. Download nicehash and click start that's it

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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41 minutes ago, BuckGup said:

What the worst that can happen is he can't figure out how to start mining and just doesn't make money. I started getting into crypto when I was 13 and I struggled through trying to setup the binaries but this forum helped me figure it out. You don't need any knowledge of mining to start. Download nicehash and click start that's it

Exactly I know what I’m doing I built my own pc and done modifications to it and I’m not dumb enough to install a virus and ruin my internet settings I just don’t know how to script make pc programs and I have only had a laptop and I’ve been collecting more knowledge every second and I’m really interested in computers and cryptocurrency

Edited by GDRRiley
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40 minutes ago, Lucasgrady12 said:

Exactly I know what I’m doing I built my own pc and done modifications to it and I’m not dumb enough to install a virus and ruin my internet settings I just don’t know how to script make pc programs and I have only had a laptop and I’ve been collecting more knowledge every second and I’m really interested in computers and cryptocurrency

Don't be overconfident and cocky though

Quote

I’m not dumb enough to install a virus and ruin my internet settings I just don’t know how to script make pc programs

This sentence really isn't helping your case to back up you know what you are doing. Nonetheless it's good that you are always learning 

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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14 minutes ago, BuckGup said:

Don't be overconfident and cocky though

This sentence really isn't helping your case to back up you know what you are doing. Nonetheless it's good that you are always learning 

I’m going to be really cautious and I’m not wanting to rush into something that I know nothing about I’m doing research about it asking questions and starting off slow I’m not trying to be overconfident but I’m trying to slowly get into the topic 

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1 hour ago, Middcore said:

Bitcoin mining on PC is no longer practical and hasn't been for quite a while. It's all done on ASIC hardware now.

 

There are other cryptocurrencies that you can mine on PC, but if you are at the stage where you don't know of any cryptocurrencies except bitcoin, you need to do way more research before you even try.

 

With your hardware it is unlikely you could mine anything profitably once you take into account the cost of power. 

And I am taking account in the power cost my pc is power efficient I’ve checked how much power it’s Using and the cost to run it overtime 

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3 hours ago, Lucasgrady12 said:

I’m not sure if my pc is gunna be profitable

It probably is.

3 hours ago, Lucasgrady12 said:

for like 10$ an hour or so

Hell no, not by a long shot. That's not even what a 3090 earns in a day before electricity. Mining isn't a minimum wage job replacement, especially not on a single card.

1 hour ago, Lucasgrady12 said:

And I am taking account in the power cost my pc is power efficient I’ve checked how much power it’s Using and the cost to run it overtime 

Everything else aside, you haven't provided the most important information so far: is your 570 the 4 GB or 8 GB variant (and what are the electricity costs, i.e. $ per kWh). 4 GB is all but useless for ETH and will still cut into your profits significantly. With NiceHash, North Carolina at $0.10 per kWh will net you about $1.30 (4 GB) to $1.94 (8 GB) a day.

Crystal: CPU: i7 7700K | Motherboard: Asus ROG Strix Z270F | RAM: GSkill 16 GB@3200MHz | GPU: Nvidia GTX 1080 Ti FE | Case: Corsair Crystal 570X (black) | PSU: EVGA Supernova G2 1000W | Monitor: Asus VG248QE 24"

Laptop: Dell XPS 13 9370 | CPU: i5 10510U | RAM: 16 GB

Server: CPU: i5 4690k | RAM: 16 GB | Case: Corsair Graphite 760T White | Storage: 19 TB

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18 minutes ago, tikker said:

It probably is.

Hell no, not by a long shot. That's not even what a 3090 earns in a day before electricity. Mining isn't a minimum wage job replacement, especially not on a single card.

Everything else aside, you haven't provided the most important information so far: is your 570 the 4 GB or 8 GB variant (and what are the electricity costs, i.e. $ per kWh). 4 GB is all but useless for ETH and will still cut into your profits significantly. With NiceHash, North Carolina at $0.10 per kWh will net you about $1.30 (4 GB) to $1.94 (8 GB) a day.

8gb

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14 hours ago, tikker said:

It probably is.

Hell no, not by a long shot. That's not even what a 3090 earns in a day before electricity. Mining isn't a minimum wage job replacement, especially not on a single card.

Everything else aside, you haven't provided the most important information so far: is your 570 the 4 GB or 8 GB variant (and what are the electricity costs, i.e. $ per kWh). 4 GB is all but useless for ETH and will still cut into your profits significantly. With NiceHash, North Carolina at $0.10 per kWh will net you about $1.30 (4 GB) to $1.94 (8 GB) a day.

I just ran the math power is gunna cost around $2.4 a day and as you said my pc may be able to make $1.30 to $1.94 a day so yeah I mit do Bitcoin trading like buys a small amount of Bitcoin when the prices are down then sell them when the prices are up a bit it might be a slow process tho

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38 minutes ago, Lucasgrady12 said:

I just ran the math power is gunna cost around $2.4 a day and as you said my pc may be able to make $1.30 to $1.94 a day so yeah I mit do Bitcoin trading like buys a small amount of Bitcoin when the prices are down then sell them when the prices are up a bit it might be a slow process tho

It's your own choice, but don't do that. Time in the market beats timing the market as they say. You cannot predict when the market will go up or down. Trying to daytrade if it's not your actual profession will sometimes get you a tiny bit of profit and most of the time a loss, especially when you start off and emotions can still easily get the better of your decisions.

 

If you plan to invest, simply invest. Dollar Cost Average (DCA) and buy a little every week or month (whatever you  prefer and can afford) and consider every penny spent on it lost. Do not invest money you cannot lose or like to keep.

 

[Edit] to add one more thing it will always be a slow process. You won't have a million bucks in the bank overnight. Not with crypto, not with anything. The people that bought e.g. DOGE at $0.001 and made bank selling at $0.30 were extremely lucky and simply at the right place at the right time, willing to take a risk. It takes time and money to make money, that's just how it is.

Crystal: CPU: i7 7700K | Motherboard: Asus ROG Strix Z270F | RAM: GSkill 16 GB@3200MHz | GPU: Nvidia GTX 1080 Ti FE | Case: Corsair Crystal 570X (black) | PSU: EVGA Supernova G2 1000W | Monitor: Asus VG248QE 24"

Laptop: Dell XPS 13 9370 | CPU: i5 10510U | RAM: 16 GB

Server: CPU: i5 4690k | RAM: 16 GB | Case: Corsair Graphite 760T White | Storage: 19 TB

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1 hour ago, tikker said:

It's your own choice, but don't do that. Time in the market beats timing the market as they say. You cannot predict when the market will go up or down. Trying to daytrade if it's not your actual profession will sometimes get you a tiny bit of profit and most of the time a loss, especially when you start off and emotions can still easily get the better of your decisions.

 

If you plan to invest, simply invest. Dollar Cost Average (DCA) and buy a little every week or month (whatever you  prefer and can afford) and consider every penny spent on it lost. Do not invest money you cannot lose or like to keep.

 

[Edit] to add one more thing it will always be a slow process. You won't have a million bucks in the bank overnight. Not with crypto, not with anything. The people that bought e.g. DOGE at $0.001 and made bank selling at $0.30 were extremely lucky and simply at the right place at the right time, willing to take a risk. It takes time and money to make money, that's just how it is.

Ik I won’t have 1 mill over night no I said it’s going to be a hella slow process 

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1 hour ago, Lucasgrady12 said:

Ik I won’t have 1 mill over night no I said it’s going to be a hella slow process 

You could have a mil by 2030 if price projections are correct. 

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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1 hour ago, Lucasgrady12 said:

I said it’s going to be a hella slow process

That's why I said it. Investing is a long term game on the scale of years. Crypto has spoiled us with large monthly or even weekly or daily gains, but that's not the norm.

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1 hour ago, tikker said:

That's why I said it. Investing is a long term game on the scale of years. Crypto has spoiled us with large monthly or even weekly or daily gains, but that's not the norm.

The stocks change every second i have been watching the stocks it’s up and down 24/7

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21 minutes ago, Lucasgrady12 said:

The stocks change every second i have been watching the stocks it’s up and down 24/7

Yes every second people are buying and selling or putting up orders, so the market will change every second. This is true for both stocks and crypto.

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26 minutes ago, Lucasgrady12 said:

The stocks change every second i have been watching the stocks it’s up and down 24/7

stocks are not up and down 24/7, there are "aftermarket corrections", but it's not 24/7.

 

cryptocurrencies are 24/7, but they don't have safeguards like stocks have, if there's very high movement on a stock, there's going to be halts on the stock to prevent it from crashing, this doesn't happen with crypto.

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1 minute ago, wkdpaul said:

stocks are not up and down 24/7, there are "aftermarket corrections", but it's not 24/7.

 

cryptocurrencies are 24/7, but they don't have safeguards like stocks have, if there's very movement on a stock, there's going to be halts on the stock to prevent it from crashing, this doesn't happen with crypto.

I want to do crypto mining but I have took in consideration of the cost of the power like for Bitcoin my pc can mine 1.94$ a day but it’s going to cost near 2.39$ a day to run my pc I don’t know much about crypto trading or mining at all 

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13 minutes ago, Lucasgrady12 said:

I want to do crypto mining but I have took in consideration of the cost of the power like for Bitcoin my pc can mine 1.94$ a day but it’s going to cost near 2.39$ a day to run my pc I don’t know much about crypto trading or mining at all 

Not sure how that is related to what you said about stocks. I was just correcting you that stocks are not up and down 24/7.

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1 minute ago, wkdpaul said:

Not sure how that is related to what you said about stocks. I was just correcting you that stocks are not up and down 24/7.

I’m talking about the price of Bitcoin is always changing like watch it it goes up and down a lot

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