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Coin mining, where to begin?

AlexGoesHigh
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Alright so, last week i got a 1050ti, just today there was a tread about GPU's being sold out due to miners buying as much stock as possible, and on that thread there were replies about certain coins being profitable by mining using GPU's which made me think of the possibility how much can i do with my new card, been doing some searches (though its hard to go somewhere due to knowing shit about the ecosystem) which made me aware of the basics of how Bitcoin works and on the rise of Ethereum due to having severe technological benefits over Bitcoin.

 

Which brings my to my question, how can i effectively mine a coin (aka the best coin a 1050ti can mine) 

 

I don't want a how to guide on everything i just want essentially direction to inform myself on what to do best

 

And to answer the most basic question about mining since its been asked a lot on the forum is that yes, i can mine more that the power i consume, i don't live in the us, hell i live in a third world country but converting what i pay in dollars is less that 5$ for a 2 floor house (hence my interest into mining)

this is one of the greatest thing that has happened to me recently, and it happened on this forum, those involved have my eternal gratitude http://linustechtips.com/main/topic/198850-update-alex-got-his-moto-g2-lets-get-a-moto-g-for-alexgoeshigh-unofficial/ :')

i use to have the second best link in the world here, but it died ;_; its a 404 now but it will always be here

 

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How to:

 

Sell your 1050Ti and get a AMD card. IDK why GCN is so much better than Pascal or Kepler or Maxwell.

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37 minutes ago, AlexGoesHigh said:

Alright so, last week i got a 1050ti, just today there was a tread about GPU's being sold out due to miners buying as much stock as possible, and on that thread there were replies about certain coins being profitable by mining using GPU's which made me think of the possibility how much can i do with my new card, been doing some searches (though its hard to go somewhere due to knowing shit about the ecosystem) which made me aware of the basics of how Bitcoin works and on the rise of Ethereum due to having severe technological benefits over Bitcoin.

 

Which brings my to my question, how can i effectively mine a coin (aka the best coin a 1050ti can mine) 

 

I don't want a how to guide on everything i just want essentially direction to inform myself on what to do best

 

And to answer the most basic question about mining since its been asked a lot on the forum is that yes, i can mine more that the power i consume, i don't live in the us, hell i live in a third world country but converting what i pay in dollars is less that 5$ for a 2 floor house (hence my interest into mining)

your 1050ti is shit for that. even  a 460 would be better. get a gcn card (amd 7000 series and onward) card if you wanna do that. youll lose more money then you could ever hope to gain

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Just now, Nickathom said:

your 1050ti is shit for that. even  a 460 would be better. get a gcn card (amd 7000 series and onward) card if you wanna do that. youll lose more money then you could ever hope to gain

 

28 minutes ago, JDE said:

How to:

 

Sell your 1050Ti and get a AMD card. IDK why GCN is so much better than Pascal or Kepler or Maxwell.

i know AMD is better but is it that bad with Nvidia? like how bad are we talking in here?

this is one of the greatest thing that has happened to me recently, and it happened on this forum, those involved have my eternal gratitude http://linustechtips.com/main/topic/198850-update-alex-got-his-moto-g2-lets-get-a-moto-g-for-alexgoeshigh-unofficial/ :')

i use to have the second best link in the world here, but it died ;_; its a 404 now but it will always be here

 

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Just now, AlexGoesHigh said:

 

i know AMD is better but is it that bad with Nvidia? like how bad are we talking in here?

like literally no one does it it is so bad. youll lose 100x more in electricity than youll gain in currency. with amd, even if you chose a bad one, youre only losing about 2x-10x more. a lot of them have makeshift support for nvidia too. i dont recommend doing it unless its for fun

13700k, 3070, 32GB@3200

                   

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1 minute ago, Nickathom said:

like literally no one does it it is so bad. youll lose 100x more in electricity than youll gain in currency. with amd, even if you chose a bad one, youre only losing about 2x-10x more. a lot of them have makeshift support for nvidia too. i dont recommend doing it unless its for fun

Power is no problem for me, like i said at the end of the OP, the house where i live pays less that $5 a month on power i don't live in the states (or even somewhere in the north) but i have cheap access to power at hand.

this is one of the greatest thing that has happened to me recently, and it happened on this forum, those involved have my eternal gratitude http://linustechtips.com/main/topic/198850-update-alex-got-his-moto-g2-lets-get-a-moto-g-for-alexgoeshigh-unofficial/ :')

i use to have the second best link in the world here, but it died ;_; its a 404 now but it will always be here

 

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Just now, AlexGoesHigh said:

Power is no problem for me, like i said at the end of the OP, the house where i live pays less that $5 a month on power i don't live in the states (or even somewhere in the north) but i have cheap access to power at hand.

i still dont think you understand how bad nvidia is for currency mining. youll literally be making cents each month

13700k, 3070, 32GB@3200

                   

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Just now, Nickathom said:

i still dont think you understand how bad nvidia is for currency mining. youll literally be making cents each month

So is that bad then, well i guess that the end of this ride -__-

this is one of the greatest thing that has happened to me recently, and it happened on this forum, those involved have my eternal gratitude http://linustechtips.com/main/topic/198850-update-alex-got-his-moto-g2-lets-get-a-moto-g-for-alexgoeshigh-unofficial/ :')

i use to have the second best link in the world here, but it died ;_; its a 404 now but it will always be here

 

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Just now, AlexGoesHigh said:

So is that bad then, well i guess that the end of this ride -__-

i recommend selling it and getting maybe like a 470. its a lot better for price (assuming you can get a deal on one since therye so good for mining theyre all out of stock right now :P)

13700k, 3070, 32GB@3200

                   

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Just now, Nickathom said:

i recommend selling it and getting maybe like a 470. its a lot better for price (assuming you can get a deal on one since therye so good for mining theyre all out of stock right now :P)

Yeah, i'm not changing my GPU in a while, even if i want, i'm stuck with this guy for the moment, its been a beast for gaming. Oh well.

this is one of the greatest thing that has happened to me recently, and it happened on this forum, those involved have my eternal gratitude http://linustechtips.com/main/topic/198850-update-alex-got-his-moto-g2-lets-get-a-moto-g-for-alexgoeshigh-unofficial/ :')

i use to have the second best link in the world here, but it died ;_; its a 404 now but it will always be here

 

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Just now, AlexGoesHigh said:

Yeah, i'm not changing my GPU in a while, even if i want, i'm stuck with this guy for the moment, its been a beast for gaming. Oh well.

rip.

13700k, 3070, 32GB@3200

                   

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Use NiceHash. I'm currently making 13-16$ per day with 1080 Ti 2 way SLI. NiceHash is really good for GPU Mining. I've been personally using it for almost 2 months now. I get paid after 3-4 days once my balance reach a certain point. 

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On 5/30/2017 at 9:11 PM, JDE said:

How to:

 

Sell your 1050Ti and get a AMD card. IDK why GCN is so much better than Pascal or Kepler or Maxwell.

Actually 1060s net about the same as 480s. It's just AMDs price/hash or sole is a bit better. But the shortage isn't helping either side. Depends on the algo too

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: 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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Posted
7 minutes ago, BuckGup said:

Actually 1060s net about the same as 480s. It's just AMDs price/hash or sole is a bit better. But the shortage isn't helping either side. Depends on the algo too

This is true...

 

 

Been trying for a while now to mine zcash but I'm still clueless on how to start. Mining bitcoin was easier to figure out :/

CPU: Intel i7 7700K | GPU: ROG Strix GTX 1080Ti | PSU: Seasonic X-1250 (faulty) | Memory: Corsair Vengeance RGB 3200Mhz 16GB | OS Drive: Western Digital Black NVMe 250GB | Game Drive(s): Samsung 970 Evo 500GB, Hitachi 7K3000 3TB 3.5" | Motherboard: Gigabyte Z270x Gaming 7 | Case: Fractal Design Define S (No Window and modded front Panel) | Monitor(s): Dell S2716DG G-Sync 144Hz, Acer R240HY 60Hz (Dead) | Keyboard: G.SKILL RIPJAWS KM780R MX | Mouse: Steelseries Sensei 310 (Striked out parts are sold or dead, awaiting zen2 parts)

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Posted
9 minutes ago, XenosTech said:

This is true...

 

 

Been trying for a while now to mine zcash but I'm still clueless on how to start. Mining bitcoin was easier to figure out :/

Just use the nicehash miner. You hit mine and it auto sets everything up and deposits directly into your BTC wallet and auto switches to the most profitable currency,

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: 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:

Just use the nicehash miner. You hit mine and it auto sets everything up and deposits directly into your BTC wallet and auto switches to the most profitable currency,

Oh I was using that for like a day... guess I should fire it back up then

CPU: Intel i7 7700K | GPU: ROG Strix GTX 1080Ti | PSU: Seasonic X-1250 (faulty) | Memory: Corsair Vengeance RGB 3200Mhz 16GB | OS Drive: Western Digital Black NVMe 250GB | Game Drive(s): Samsung 970 Evo 500GB, Hitachi 7K3000 3TB 3.5" | Motherboard: Gigabyte Z270x Gaming 7 | Case: Fractal Design Define S (No Window and modded front Panel) | Monitor(s): Dell S2716DG G-Sync 144Hz, Acer R240HY 60Hz (Dead) | Keyboard: G.SKILL RIPJAWS KM780R MX | Mouse: Steelseries Sensei 310 (Striked out parts are sold or dead, awaiting zen2 parts)

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2 minutes ago, XenosTech said:

Oh I was using that for like a day... guess I should fire it back up then

It's honestly the easiest. You loose a couple cents for dev fees but not having to trade your Zcash or Etheruem to bitcoins then to a BTC wallet saves on BTC transaction fees and if the price drops on either side before you are able to trade them for BTC

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: 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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Posted
Just now, BuckGup said:

It's honestly the easiest. You loose a couple cents for dev fees but not having to trade your Zcash or Etheruem to bitcoins then to a BTC wallet saves on BTC transaction fees and if the price drops on either side before you are able to trade them for BTC

Ah that makes more sense... I just have to get bitcoin converted to cash and us it as I like then.... Would you add your cpu to the mining process too ?

CPU: Intel i7 7700K | GPU: ROG Strix GTX 1080Ti | PSU: Seasonic X-1250 (faulty) | Memory: Corsair Vengeance RGB 3200Mhz 16GB | OS Drive: Western Digital Black NVMe 250GB | Game Drive(s): Samsung 970 Evo 500GB, Hitachi 7K3000 3TB 3.5" | Motherboard: Gigabyte Z270x Gaming 7 | Case: Fractal Design Define S (No Window and modded front Panel) | Monitor(s): Dell S2716DG G-Sync 144Hz, Acer R240HY 60Hz (Dead) | Keyboard: G.SKILL RIPJAWS KM780R MX | Mouse: Steelseries Sensei 310 (Striked out parts are sold or dead, awaiting zen2 parts)

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15 minutes ago, XenosTech said:

Ah that makes more sense... I just have to get bitcoin converted to cash and us it as I like then.... Would you add your cpu to the mining process too ?

Depends. My 6800K adds and extra $1 a day at 140W so it's not really worth it. GPUs make a lot more for the power they use.

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: 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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Posted
2 minutes ago, BuckGup said:

Depends. My 6800K adds and extra $1 a day at 140W so it's not really worth it. GPUs make a lot more for the power they use.

Might as well leave my cpu out lol not gonna get $1

CPU: Intel i7 7700K | GPU: ROG Strix GTX 1080Ti | PSU: Seasonic X-1250 (faulty) | Memory: Corsair Vengeance RGB 3200Mhz 16GB | OS Drive: Western Digital Black NVMe 250GB | Game Drive(s): Samsung 970 Evo 500GB, Hitachi 7K3000 3TB 3.5" | Motherboard: Gigabyte Z270x Gaming 7 | Case: Fractal Design Define S (No Window and modded front Panel) | Monitor(s): Dell S2716DG G-Sync 144Hz, Acer R240HY 60Hz (Dead) | Keyboard: G.SKILL RIPJAWS KM780R MX | Mouse: Steelseries Sensei 310 (Striked out parts are sold or dead, awaiting zen2 parts)

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To everyone who ask to ditch the 1050ti for an AMD , by all means probably have not used a 1050ti before . Its pretty decent , 1050ti can get hashrates  better than the RX460 while not needing a power connector .

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If grabbing an AMD card , make sure you can undervolt it 

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On ‎31‎/‎5‎/‎2017 at 10:42 AM, Nickathom said:

like literally no one does it it is so bad. youll lose 100x more in electricity than youll gain in currency. with amd, even if you chose a bad one, youre only losing about 2x-10x more. a lot of them have makeshift support for nvidia too. i dont recommend doing it unless its for fun

nah m8 . I have been mining for 6 months on a gigabyte 1050ti factory oc , despite not having power connector , I'm getting an okay payout of $2 to $3 everyday. but I do only 14-17hrs of mining max , so its not bad 

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8 hours ago, datredwolf said:

nah m8 . I have been mining for 6 months on a gigabyte 1050ti factory oc , despite not having power connector , I'm getting an okay payout of $2 to $3 everyday. but I do only 14-17hrs of mining max , so its not bad 

ok, power must be cheap where you live. but saying that your card is better than a 460 is bs

13700k, 3070, 32GB@3200

                   

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