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Mining with a single CPU and GPU? Plus other newbie questions! :)

TheSaint
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Mining with a single CPU and GPU? Plus other newbie questions! :) Hi all,

I'm a newbie to crypto, but a long-time tech geek. Alternative currencies are certainly game changers in terms of interesting tech, but also payment systems and overall commerce. I can't wait to get my feet wet!

A couple of questions for everyone out there:

  1. I have a workstation/gaming rig that I use on a daily basis.

Specs:

 

Intel 6700k @ 4.0ghz MSI 1070 GTX 8gb 32 GB of DDR4 Ram

My electricity costs here in California are $0.26 per kwh, so fairly pricey.

  1. Without buying any new hardware, what coins would be the most efficient in terms of profitability to mine on my rig above?

  2. It is my understanding that most mining takes place at a profitable point only on GPUs, not CPU's so much. Is there a separate miner out there that makes CPU mining profitable?

  3. What mining software and/currency is most optimized Nvidia cards? What coins can those combinations mine?

  4. What wallets/exchanges have the lowest overall fees?

Thank you in advance for helping a newcomer into the world of digital money. I appreciate it! :D

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Get a bitcoin wallet and download nicehash then click start

▓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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  • Author

Thanks Buck. I've already done and done that. :D

 

It is currently running as we speak. It grosses just over $2.00 per day in USD. Just wondering if there was a better ROI to be had with a different miner or currency. ETH, or some other coin? Thoughts?

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5 hours ago, TheSaint said:

It is currently running as we speak. It grosses just over $2.00 per day in USD. Just wondering if there was a better ROI to be had with a different miner or currency. ETH, or some other coin? Thoughts?

Nicehash will automatically figure out and pick the best coin to mine with your rig based on its specs. The problem is that mining is not making much money at the moment. You are better off just letting it be because you are going to pull maybe a $1.50 in profit a day if you ran 24/7.

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