How much I can earn with single RX 580 4gb

[Ghayal Dhruv]

I am having rx 580, I bought it for gaming but I dont get time except weekend or public holiday so I want to start mining on week days. So I want to know how much could I earn, I m using nicehash. 

[Energycore]

Use this calculator for ethereum

https://www.cryptocompare.com/mining/calculator/eth

And this one for nicehash

https://www.cryptocompare.com/mining/calculator/eth

 

Nicehash will mine multiple coins - mostly ETC by the looks of it.

[Mick Naughty]

That’s at .10 cents a kilowatt hour. Obviously less if you don’t do it all the time. 

[Lurick]

If you mine 24/7 then $40 a month if electricity costs are $0.10/kWh

https://www.nicehash.com/profitability-calculator/amd-rx-580-4gb?e=0.1&currency=USD

 

If you're mining half of that time then cut the $40 in half.

[Energycore]

This may change soon as bitcoin's on the verge of a bull or bear break - which could send its price flying to over 12000 or down below 9000.

[Shreyas1]

You would probably get more money selling it atm

[Energycore]

Just now, Shreyas1 said:

You would probably get more money selling it atm

Mining over a year at these prices would yield around $480, so you're making some money compared to just selling it used at $300 or so.

 

If you can find someone that buys it for $450+ then sure, go ahead.

 

There are people who keep repeating that bitcoin's on a bull trap and may dump below even 6K. However the chart will tell us whether we're truly headed down there and it's unclear right now. My money (literally) is on us staying over $9500

[SupaKomputa]

[BuckGup]

3 hours ago, Energycore said:

This may change soon as bitcoin's on the verge of a bull or bear break - which could send its price flying to over 12000 or down below 9000.

Shhhh don't let people know

[Energycore]

1 hour ago, BuckGup said:

Shhhh don't let people know

Meh, the more n00bz enter the market the easier it'll be to turn in profits for basically no effort

 

On a more serious note, I am truly excited for a society in the future where everyone has the chance to do some trading. It's got good life lessons in it, just like poker or other probabilistic "sports". A succesful trader is someone who's level headed, and willing to learn. Your typical guy who comes in defending a biased point of view to the death, like we sometimes get here in the forums, quickly find themselves down money.

[BuckGup]

16 minutes ago, Energycore said:

Meh, the more n00bz enter the market the easier it'll be to turn in profits for basically no effort

 

On a more serious note, I am truly excited for a society in the future where everyone has the chance to do some trading. It's got good life lessons in it, just like poker or other probabilistic "sports". A succesful trader is someone who's level headed, and willing to learn. Your typical guy who comes in defending a biased point of view to the death, like we sometimes get here in the forums, quickly find themselves down money.

I do certainty see that and I can sometimes myself have too high of hope in Bitcoin but I do believe it is here to stay. Even if regulations and laws are put on it I think that would make it more stable

[Energycore]

1 hour ago, BuckGup said:

I do certainty see that and I can sometimes myself have too high of hope in Bitcoin but I do believe it is here to stay. Even if regulations and laws are put on it I think that would make it more stable

I think like many that bitcoin will not stay, or at least it won't stay as a transaction system for your everyday needs, and will be succeeded by some other coin with a more matured algorithm, perhaps one that's easier to iterate on than the original blockchain concept (to iterate on bitcoin's technology you have to fork it, like bitcoin cash did).

[FlatBrokeRacing]

ONE MILLION DOLLARS

[w8kdrifter]

Nothing. Nicehash will just probably get hacked again and all your profits will vanish. Too soon?  

[Suika]

31 minutes ago, w8kdrifter said:

Nothing. Nicehash will just probably get hacked again and all your profits will vanish. Too soon?  

I mean, you can dump your Nicehash wallet as soon as you have 0.002 BTC, so assuming you move your crypto as quickly as possible, the worst case scenario is that you're out <$22 (with current market value).

[w8kdrifter]

Just now, Suika said:

I mean, you can dump your Nicehash wallet as soon as you have 0.002 BTC, so assuming you move your crypto as quickly as possible, the worst case scenario is that you're out <$22 (with current market value).

You clearly missed my sarcasm.