is gpu mining worth it?

[Blackhole890]

on nicehash says that i could make 4,5€ per day with my gpu (0,11 with cpu, so sad), so should i? The gpu power consumption is around 110 watts max

[tom_w141]

Why not? Just make sure you either are the bill payer or have their permission.

[IsaacThePooper]

What how? I'm trying to do bitcoin mining but I can only make 0.00005 bitcoins per day. (which is like $0.14 USD).

 

I have 1 GTX 970, whats your graphics card?

 

I'm trying to mine off of a windows 10 app, because its way easier, but it probably makes way less money.

[ChalkChalkson]

Well I pay ~0.30€ per kWh, mining my PC draws about 200W, so it runs 5h for 30ct, so roughly 1.5€ per day. Mining with NiceHash I make roughly 6€ per day, so I make about 135€ per month from my "spare" system. That wouldn't be too great if I would have to justify buying a GPU specifically for this, but since that system just sits most of the year, it is a nice bonus

[Jekub]

7 minutes ago, IsaacThePooper said:

What how? I'm trying to do bitcoin mining but I can only make 0.00005 bitcoins per day. (which is like $0.14 USD).

 

I have 1 GTX 970, whats your graphics card?

 

I'm trying to mine off of a windows 10 app, because its way easier, but it probably makes way less money.

don't mine bitcoin... mine some other cryptocurrency like Etherium or Zcash

[Mooshi]

15 minutes ago, IsaacThePooper said:

What how? I'm trying to do bitcoin mining but I can only make 0.00005 bitcoins per day. (which is like $0.14 USD).

 

I have 1 GTX 970, whats your graphics card?

 

I'm trying to mine off of a windows 10 app, because its way easier, but it probably makes way less money.

Mining Bitcoin directly with a gtx 970 (or any gpu really) is as effective as trying to dig with a spoon.

 

I often wonder how many "miners" on LTT are minors who don't pay bills.

[IsaacThePooper]

1 minute ago, Mooshi said:

Mining Bitcoin directly with a gtx 970 (or any gpu really) is as effective as trying to dig with a spoon.

Well what other easy cryptocurrency do you recommend?

[Blackhole890]

1 hour ago, IsaacThePooper said:

What how? I'm trying to do bitcoin mining but I can only make 0.00005 bitcoins per day. (which is like $0.14 USD).

 

I have 1 GTX 970, whats your graphics card?

 

I'm trying to mine off of a windows 10 app, because its way easier, but it probably makes way less money.

rx 570

[Blackhole890]

1 hour ago, Mooshi said:

Mining Bitcoin directly with a gtx 970 (or any gpu really) is as effective as trying to dig with a spoon.

 

I often wonder how many "miners" on LTT are minors who don't pay bills.

but it shouldnt be a problem if your gpu consumes only 100 watts no?

[Blackhole890]

1 hour ago, Jekub said:

don't mine bitcoin... mine some other cryptocurrency like Etherium or Zcash

why

[NicholasNicholasNicholas]

1 hour ago, IsaacThePooper said:

What how? I'm trying to do bitcoin mining but I can only make 0.00005 bitcoins per day. (which is like $0.14 USD).

 

I have 1 GTX 970, whats your graphics card?

 

I'm trying to mine off of a windows 10 app, because its way easier, but it probably makes way less money.

its cause youre running off a gpu with cuda, dumbass
only newish amd cards running off gcn can mine for a large profit.

[T4cC0re]

I use NiceHash. Quite cool as it automatically selects what to mine based on profit margin.
It's not 'real' mining though. You rent your Hardware to be used and get paid in BTC in return. I make ~3-5€ of profit a day. (GTX1080, 0.29€/kWh
Definitely, make sure to either have enough power to spring for the big payout (<0.01BTC) or use the NiceHash wallet to get your BTC faster.

[Jekub]

2 hours ago, Blackhole890 said:

why

because it's actually worth doing?

you earn more money mining newer currencies and exchanging them for btc than you do mining btc itself 

[TahoeDust]

5 hours ago, T4cC0re said:

I use NiceHash. Quite cool as it automatically selects what to mine based on profit margin.
It's not 'real' mining though. You rent your Hardware to be used and get paid in BTC in return. I make ~3-5€ of profit a day. (GTX1080, 0.29€/kWh
Definitely, make sure to either have enough power to spring for the big payout (<0.01BTC) or use the NiceHash wallet to get your BTC faster.

This is what I am doing.  My 1080 ti makes ~$8 a day.  270w at $0.0989 is under $20 a month.  Pays every morning at 5am into my nicehash wallet.

 

 

[DoctorZeus]

1 hour ago, TahoeDust said:

This is what I am doing.  My 1080 ti makes ~$8 a day.  270w at $0.0989 is under $20 a month.  Pays every morning at 5am into my nicehash wallet.

 

 

i thought nicehash recommends not depositing into their wallet unless you're gonna buy hashing power.

 

also 270 watt for your whole system? you running 60% power and a low power system?

[TahoeDust]

5 minutes ago, DoctorZeus said:

i thought nicehash recommends not depositing into their wallet unless you're gonna buy hashing power.

 

also 270 watt for your whole system? you running 60% power and a low power system?

I'm not sure about storing it in their wallet.  It seemed convenient and when you use their wallet the deposit every day.

 

270w for my 1080ti.  I never turn my system off or put it to sleep, so I was just figuring the 270w to run the 1080 ti as being the expense.  Not sure what the whole system is pulling.  Know of a good way to calculate it?

 

2700k

1080ti

H115i

7 140mm fans

3 SSDs

[thewipyk]

5 hours ago, TahoeDust said:

270w for my 1080ti.  I never turn my system off or put it to sleep, so I was just figuring the 270w to run the 1080 ti as being the expense.  Not sure what the whole system is pulling.  Know of a good way to calculate it?

 

2700k

1080ti

H115i

7 140mm fans

3 SSDs

Build your system in PCPartPicker, easyest way to find out. Since your CPU isn't running on full power all the time, you can half it's draw value.

[othertomperson]

5 hours ago, TahoeDust said:

I'm not sure about storing it in their wallet.  It seemed convenient and when you use their wallet the deposit every day.

 

270w for my 1080ti.  I never turn my system off or put it to sleep, so I was just figuring the 270w to run the 1080 ti as being the expense.  Not sure what the whole system is pulling.  Know of a good way to calculate it?

 

2700k

1080ti

H115i

7 140mm fans

3 SSDs

I'd estimate between 400-500W. You could always measure it with a wall meter to see what it's actually drawing.

[it_dont_work]

13 hours ago, Mooshi said:

I often wonder how many "miners" on LTT are minors who don't pay bills.

I usually offset more money yelling at people to turn the dam lights off than I can make 'mining'.

 

14 hours ago, Blackhole890 said:

snip

Etherium  seems more profitable atm, I still prefer folding at home, doesn't make me any money but it at least feels like its helping something for all that coal burning.

[TahoeDust]

5 hours ago, thewipyk said:

Build your system in PCPartPicker, easyest way to find out. Since your CPU isn't running on full power all the time, you can half it's draw value.

 

4 hours ago, othertomperson said:

I'd estimate between 400-500W. You could always measure it with a wall meter to see what it's actually drawing.

PCPartsPicker says 523w...half CPU I figured ~475w.  That makes electricity cost ~$35 a month.  Still coming out ~$200 a month ahead.

[DoctorZeus]

5 hours ago, TahoeDust said:

 

PCPartsPicker says 523w...half CPU I figured ~475w.  That makes electricity cost ~$35 a month.  Still coming out ~$200 a month ahead.

i'm in the same boat mining with a 1080 ti and that sounds right. I had to reenable power management on my cpu so that it throttled down.