How much do YOU make bitcoin mining

[lieder1987]

1 hour ago, DutchTexan said:

So you're sell hashing power? Is that how it works? Not actually mining? I ran their little calculator and it looks okay. Getting some bitcoin to hold on to somehow sounds like a decent idea to me. How difficult is it realistically to turn bitcoin into dollars once every few years? What kind of wallet would you recommend, long-term?

That is correct I am selling hashing power for a pool. I have never turned my coin into dollars but from what I understand you will have to pay fees to "exchange" it just like any other currency. I use coinbase as my wallet, but there are mixed opinions on how good it is.

 

1 hour ago, DutchTexan said:

Would you recommend that everyone with a 1080 mine 24/7 or at least 18 hours a day? Why or why not? What would you recommend an idiot use to mine?

This would depend on your setup and your temps when you are mining as well as how much you pay for power. I am running a water-cooled 1080 so I am only getting max temps of 58c under full load, if you are getting much higher than that then there will be other complications. In regards to power, I am mining 24/7 for a month to see what it does to my power bill. If my wife doesn't yell at me, then I will keep doing it, if she does then I will know it wasn't worth it ;).

 

I have only used nicehash and it does everything for you. It sets up for you, picks the best thing to mine based on your hardware, and then deposits bitcoin into your wallet instead of the other crypto currencies.

[DutchTexan]

22 minutes ago, lieder1987 said:

That is correct I am selling hashing power for a pool. I have never turned my coin into dollars but from what I understand you will have to pay fees to "exchange" it just like any other currency. I use coinbase as my wallet, but there are mixed opinions on how good it is.

 

This would depend on your setup and your temps when you are mining as well as how much you pay for power. I am running a water-cooled 1080 so I am only getting max temps of 58c under full load, if you are getting much higher than that then there will be other complications. In regards to power, I am mining 24/7 for a month to see what it does to my power bill. If my wife doesn't yell at me, then I will keep doing it, if she does then I will know it wasn't worth it ;).

 

I have only used nicehash and it does everything for you. It sets up for you, picks the best thing to mine based on your hardware, and then deposits bitcoin into your wallet instead of the other crypto currencies.

Okay, thank you. Yes, that sounds very reasonable. I know folding my cpu and gpu nearly 24/7 with F@H added about $20-30 to my electricity bill every month (guessing, air-condition and other things varied quite a bit those months).

 

When I was folding, I ran my GPU fans and 5 noctua fans pinned at 100%. My gpu temps would stick around the mid 60's, 63 was the most common. I think the highest it got was 69, but then ambient temperatures were well over 80 degrees at that point(why I quit folding). When my gpu got too hot, for my liking, I just stopped folding my 6700k and the Noctua heatsink and pinned fans helped cool everything down nicely.

 

Anyway, I think I will work on a good, stable gpu overclock and look more into this tomorrow. I am thinking I will run Nicehash for a few months and then see what kind of return I get on my electricity costs after converting whatever fraction of BTC to USD.

 

I will have to look into wallets and how I will eventually convert bitcoins to dollars too. Thanks for answering my questions! 

[Lurick]

6 hours ago, DutchTexan said:

-snip-

I'm mining with 3x RX480s

When I'm not home I'll sometimes mine on my 980Tis as well but mine Zcash instead of ethereum

[DutchTexan]

8 hours ago, Lurick said:

I'm mining with 3x RX480s

When I'm not home I'll sometimes mine on my 980Tis as well but mine Zcash instead of ethereum

So AMD gpu's always = ethereum?

 

Why mine Zcash? Or other currencies?

[Lurick]

Just now, DutchTexan said:

So AMD gpu's always = ethereum?

 

Why mine Zcash? Or other currencies?

Zcash is better on Nvidia GPUs

Ethereum can be decent but I tried and got really low output for some reason so I switched and got expected rates for Zcash

[DutchTexan]

Just now, Lurick said:

Zcash is better on Nvidia GPUs

Ethereum can be decent but I tried and got really low output for some reason so I switched and got expected rates for Zcash

So, Zcash is more efficient with nvidia than other currencies? Or you just like their client? I guess BTC is kinda out of the question, too much attention?

[Lurick]

Just now, DutchTexan said:

So, Zcash is more efficient with nvidia than other currencies? Or you just like their client? I guess BTC is kinda out of the question, too much attention?

Yah, zcash is more efficient and a lot of the other currencies right now aren't profitable but that could easily change.

BTC isn't profitable at all for GPUs, for that you need special ASIC miners which are built just to mine BTC and you'll need to invest a few thousand in a good one.

[DutchTexan]

Just now, Lurick said:

Yah, zcash is more efficient and a lot of the other currencies right now aren't profitable but that could easily change.

BTC isn't profitable at all for GPUs, for that you need special ASIC miners which are built just to mine BTC and you'll need to invest a few thousand in a good one.

Right, that's kinda what I have been reading.

 

What kinda trouble is it for you to convert ZEC to USD?

 

Sorry for all the questions  Googling things is nice, but personal experience is more valuable to me.

[Lurick]

Just now, DutchTexan said:

Right, that's kinda what I have been reading.

 

What kinda trouble is it for you to convert ZEC to USD?

 

Sorry for all the questions  Googling things is nice, but personal experience is more valuable to me.

No trouble

I use the NiceHash miner so it's all done for me for ZEC to BTC and from there I just send it to an exchange and sell it when I've got a decent amount.

Same thing with Ethereum but I mine that directly and send it to an exchange just the same.

[DutchTexan]

1 minute ago, Lurick said:

No trouble

I use the NiceHash miner so it's all done for me for ZEC to BTC and from there I just send it to an exchange and sell it when I've got a decent amount.

Same thing with Ethereum but I mine that directly and send it to an exchange just the same.

So, you do sell hashing power like the other gentleman from earlier in the thread?

 

Do you use coinbase to convert? I've read conversions can be a small percentage or a fixed fee. 

[Lurick]

3 minutes ago, DutchTexan said:

So, you do sell hashing power like the other gentleman from earlier in the thread?

 

Do you use coinbase to convert? I've read conversions can be a small percentage or a fixed fee. 

Not really selling hashing power, I use my hashing power and make Ethereum with it directly. Selling hashing power is when you sell that power to someone else.

I do use coinbase, it's simple and easy to use. The fee is like $3 every time I make a conversion and have it sent to my bank which is pretty reasonable. They charge higher fees for PayPal deposits but it's still pretty low.

[DutchTexan]

Just now, Lurick said:

Not really selling hashing power, I use my hashing power and make Ethereum with it directly. Selling hashing power is when you sell that power to someone else.

I do use coinbase, it's simple and easy to use. The fee is like $3 every time I make a conversion and have it sent to my bank which is pretty reasonable. They charge higher fees for PayPal deposits but it's still pretty low.

So this is what you do: https://www.nicehash.com/index.jsp?p=zcash-mining

 

Have a nice day and thanks for all the responses! LTT never disappoints. 

[Teddy07]

0

It is summer here in Germany and my room is on the sunny side. It is already ~30°C every day in my room. 

[Lurick]

18 minutes ago, DutchTexan said:

So this is what you do: https://www.nicehash.com/index.jsp?p=zcash-mining

 

Have a nice day and thanks for all the responses! LTT never disappoints. 

Yup, for my main rig.

For my other rig with the 480s in it I use Claymore Miner on Linux.

[DutchTexan]

47 minutes ago, Lurick said:

Yup, for my main rig.

For my other rig with the 480s in it I use Claymore Miner on Linux.

See, I might turn a $200 computer I built last Christmas for fun into a little mining machine. That would be the easiest way to justify buying a new GPU for my main computer. 

 

What do you think of this little rig, but with my 1080 ftw and a PSU upgrade in it? This rig has never been on the internet though. Just kinda paranoid  because I'm unfamiliar with even Ubuntu Linux. https://pcpartpicker.com/list/dfw6NN

[lieder1987]

4 minutes ago, DutchTexan said:

See, I might turn a $200 computer I built last Christmas for fun into a little mining machine. That would be the easiest way to justify buying a new GPU for my main computer. 

 

make sure it is worth it. Older computers and lower end hardware just don't make more than they use in power.

[DutchTexan]

4 hours ago, lieder1987 said:

make sure it is worth it. Older computers and lower end hardware just don't make more than they use in power.

I would be buying a new GPU eventually to replace my 1080. So, buying a new PSU too and plopping it into another cheapo computer I don't use to mine, sounds okay to me? I first need to see if mining is worth it at all, obviously. Just looking ahead. I have this PC I dont use: https://pcpartpicker.com/list/dfw6NN

 

 

To mine with a Linux OS you don't need more than 4GB of ram or a lot of CPU power, if any really, correct? Just a decent GPU, efficient PSU, and internet?

[bsodmike]

When I started out on Ethereum, I went from just 23Mh/s on my GTX1080 Founders to 108 Mh/s by adding 2x EVGA Superclocked Black 1070s and 1x EVGA FTW GTX1060.

 

As of last week I RMA'd the 1060 for a full refund, and now my average hashrate is ~83 MH/s.  Both 1070s have been tuned to 65% power limit (100W/card) with a +1,300 MHz RAM OC.

 

 

This is a snap of the linux box running 2x 1070s

 

 

At 83 Mh/s I have the potential of mining around 1 ETH/month or ~$8-10/day (depending on the value of ETH).

[rans]

so i need some clarification i'm using nicehash
daggerhashimotto = eth mining
equihash = zcash

is this correct?
on my 1070 I'm using dagger algo i'm getting 31mh and only 56~60c  (the nicehash profitability calcu has 28mh for their gtx 1070)
if i try the equihash (nh profitability calcu has 435sol but mine only reach 423~427 even with +650boost on memory.

I don't get it why i'm having slower rate on zcash even i'm nvidia also another downside for me is equihash give more heat output (giving me like 63~69c)