Need Help With Mining

[Achi]

My father approached me earlier saying he would fund a mining system and as soon as it paid itself off i could have the rest of the profit. I know what mining is and how it works but i don't know if gpu mining is the best way to go or dedicated machines. I have fairly low internet and some money to spend. Is it worth getting into mining this late and any other tips or help you guys have?

[RadiatingLight]

GPU is probably best, problem is that they're insanely expensive.

 

watch Linus's mining video

[Achi]

1 minute ago, RadiatingLight said:

GPU is probably best, problem is that they're insanely expensive.

 

watch Linus's mining video

I have a single 1060 6gb for now would it be worth setting it up to mine when im not gaming?

[RadiatingLight]

13 minutes ago, Achi said:

I have a single 1060 6gb for now would it be worth setting it up to mine when im not gaming?

Sure!

You'll probably earn around $2 a day, which can really add up over time.

[Achi]

13 minutes ago, RadiatingLight said:

Sure!

You'll probably earn around $2 a day, which can really add up over time.

where do i start?

[RadiatingLight]

28 minutes ago, Achi said:

where do i start?

Download a common mining program.

Nicehash is the most profitable, but it's really hard to cash out. maybe mine to a coinbase wallet if you trust them with your bitcoins.

 

if you want to cash out easier, try winminer. it's a bit less profitable, but still fine, and you can cash out at $20

[FlatBrokeRacing]

8 hours ago, RadiatingLight said:

Nicehash is the most profitable

oh hell no it isnt

[iiNNeX]

The money a 1060 will get you a day, just get a part time job for 1 day a week and you ll earn 50x more

 

Mining is silly unless you have 5k+ hardware to dump into it.

[WkdPaul]

5 hours ago, iiNNeX said:

Mining is silly unless you have 5k+ hardware to dump into it.

Depends, my current 8th gen update was mostly funded through BTC, and I'm only mining with an old HD7870 and a 1060 3GB

[Achi]

2 hours ago, wkdpaul said:

Depends, my current 8th gen update was mostly funded through BTC, and I'm only mining with an old HD7870 and a 1060 3GB

What pool are you in?

[WkdPaul]

1 hour ago, Achi said:

What pool are you in?

I'm mining with Nicehash (I have a guide in my signature ).

[w8kdrifter]

14 hours ago, iiNNeX said:

 

 

Mining is silly unless you have 5k+ hardware to dump into it.

I beg to differ. Guess it all depends on what you define as silly. I'll take my $600-800/month profit with my $1,000 machine all for just setting up a program and hitting go...seems like a no brainer to me.