ELI5: benefit if using my gaming gpu for mining

[That_Random_Nerd]

I am considering using my GTX 1070 to mine etherium. Yes or No?

[knightslugger]

it'll do it.

[That_Random_Nerd]

2 minutes ago, knightslugger said:

it'll do it.

Is it worth doing when I’m not actively using it though? (school)

[knightslugger]

Just now, That_Random_Nerd said:

Is it worth doing when I’m not actively using it though? (school)

That's up to you to decide. This is like asking, should i eat vanilla ice cream, or not? Is cryptocurrency something you believe in? 

[NinJake]

You don't necessarily need to believe in cryptocurrency either... if you live in the north like us you can make sure your room is nice and toasty by the time you get back from school.

[ItsBlck]

If you want to mine it then go for it.

NiceHash predicts you would make 151USD by mining equihash based coins (zcash...) a month:

https://www.nicehash.com/profitability-calculator/nvidia-gtx-1070?e=0.1¤cy=USD

And if you mine Ethereum you would expect $66 a month and around $807 a year (tottally worth it):

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=32&HashingUnit=MH%2Fs&PowerConsumption=550&CostPerkWh=0.1

Hope this helps!

[That_Random_Nerd]

7 hours ago, SimpleTechVids said:

If you want to mine it then go for it.

NiceHash predicts you would make 151USD by mining equihash based coins (zcash...) a month:

https://www.nicehash.com/profitability-calculator/nvidia-gtx-1070?e=0.1¤cy=USD

And if you mine Ethereum you would expect $66 a month and around $807 a year (tottally worth it):

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=32&HashingUnit=MH%2Fs&PowerConsumption=550&CostPerkWh=0.1

Hope this helps!

Thank you!

[ItsBlck]

No problemo!