Do you use your GPU to mine?
I mined a little, made a few hundred dollars-worth (and had a half bitcoin stolen from me by a mining pool operator). I see it more as a game than something truly worth my time. Not doing it now, and probably won't do it again.
Comment has been collapsed.
Not having time for mining is exactly the good thing about it. I mine when I don't use the PC.
Why did you keep the BTC on the pool? We transfer the founds every 1 ETH (10$) so even if someone try to run away with it, it's not a big deal.
Comment has been collapsed.
Well, BTC wasn't worth that much then, and there wasn't much to do with it, so I didn't care that much. It was only in the long run that it was a loss.
As for time, people who deal with cryptocurrencies often spend time trading, following the coins, etc. I know I spent many hours on tweaking, researching, etc. And IIRC the net amount, considering electricity costs, wasn't really that great, even if I don't consider the time spent on this.
Comment has been collapsed.
My friend also had no clue how but when I told him that he just have to unzip a file and double click on that...
All you need is a mining software, Ethereum adress that you get by installing any wallet on your phone or PC and a GPU that is not a "toster" so anything with 2Gb of ram will do, but earnings depend of how good it is in mining.
I could even write a small tutorial if there is interest.
Comment has been collapsed.
Electricity costs more than what you're mining.
Only ASICs are profitable energy-wise. And "but I have PC turned on anyway" argument doesn't work here - idle GPU uses minimum power, while heavy-loaded GPU uses much, much more. Same goes for CPU. Besides, PC-like GPUs were never made for that purpose, so they're not fast neither efficient..
So yeah, if you want to rip your parents by making them spend more on electricity just to earn less, go ahead. Otherwise, it's better to not mine, and if you want to - invest real money into ASICs.
Comment has been collapsed.
I don't know how much money would you get with gpu mining, but 1 KW/h is pretty cheap here ( .1euro). I don't do it because I don't want to kill my gpu and I own NVIDIA.
Comment has been collapsed.
You are talking about BTC and yes that is a waste of time now without specializes equipment BUT try to google abouth Ethereum and you can be surprised that GPU mining is back... for now.
About the electricity: my 970 use 140W/h that is $0.27 a day and mine $ 2.48 a day so.... do the math ;)
Comment has been collapsed.
But you don't do the math about wearing down your graphic card alot faster in which you need to buy a whole new one sooner then with normal use.
Comment has been collapsed.
On full load, the 970 consumes somewhere between 0.25 - 0.3 KW/h.
Comment has been collapsed.
The problem here is: your whole PC will consume way more than 140W on full GPU load. Don't forget about other components, clocks of your card, overhead, and hardware cost.
And mining with nvidia cards is generally a pointless endeavor - 10xx cards aside, but there's the hardware price again.
Comment has been collapsed.
That I was thinking...
Also having a GPU to work on heavy load for extended period is not one of the best things. The best you will achieve is to shorten the lifespan of your hardware, which is not exactly cheap.
I believe the power consumption and also the usage of GPU don't make up for the reward.
Comment has been collapsed.
Processors are designed to run at 85-90% load constantly, so yes: perpetual full load will wear the card out fast. Pretty damn fast.
Comment has been collapsed.
Now that Steam accept Bitcoin as a paying option [...]
Oh? Do they accept bitcoin already? I heard that they will probably accpet it,
but I wasn't aware it's working already. Maybe it's not available in all countries yet?
Comment has been collapsed.
Or you could just steal some money in your parents wallet.
Comment has been collapsed.
I have like average 250 kwh usage each month without farming bitcoins , and consider I switched from 150 watt GPU to 100 watt , I see no economy on electricity bills :|
Comment has been collapsed.
I mine 1BTC a day with my computer.
Comment has been collapsed.
A GPU is not a really good way now, costs too much in power and wear. If you really want to do that, get a mining module. Even one can return profits in the medium run, assuming you can use your currency to buy something with it.
Comment has been collapsed.
For those who haven't already, I really recommend playing the Bitcoin Simulator games.
Comment has been collapsed.
This is awesome, thanks so much
Now I know I need to buy an ASIC from China
Comment has been collapsed.
When i read about bitcoin mining game i think about this:
https://dogeminer.se/
Comment has been collapsed.
Mining is for Chinese who have cheap technology and vast spaces.
If you have some extra GPU power idling, you can run a crowd computing client for the charity. It's not to receive something though..
Comment has been collapsed.
I'm tried this etherum thing, but be aware. The geth.exe generates about 400GB of writes on my ssd yesterday. (The windows page file is on my ssd)
Comment has been collapsed.
isnt this done by companies with big server farms now?
Comment has been collapsed.
Call me old-fashioned if you like, but I much prefer to use my GPU to play games. ;)
Comment has been collapsed.
mining with graphic card is out of date now,it cost too much power and mine very little bitcoin in return.I don't recommand
Comment has been collapsed.
You hooligans and your virtual mining shenanigans. Back in my day you mine with your bare hands and a pickaxe.
Comment has been collapsed.
I´m just gonna necro this thread because after one year this Ethereum deal is the boom right now, and had a huge impact on GPU sales and prices.
Like 3-4 months ago It was the best time to get a good GPU here because the RX 5xxx series was already there (despite our local currency was in a bad spot). I was amazed about the prices. Example:
Strix RX 480 8G / $230 dollars tax included.
Strix RX 470 4GB / $175 dollars " "
Gigabyte RX 570 Gaming 4GB / $187
Now you may think these prices are no big deal, but they were. Atm our local currency is at a better spot but theres no way in hell these prices are coming back. You can actually find people on facebook trying to get used AMD RX GPUs at higher prices because of this mining deal.
I would like to know mobenstein point of view at this exact point. I think It´s profitable atm (or 2-3 months ago) and It was never about CPU usage, you can use any cheapo mobo and CPU since It´s the graphics card doing the whole work. They´re flashing the BIOS of the GPU´s for better power consumption. I know It´s a mess for people that wanted a gaming PC. Who knows when this is gonna end. It also affected GTX 1070 sales.
Here is a video from Bryan from Tech YES City talking about the subject:
https://www.youtube.com/watch?v=9q1aTTANE1g
Comment has been collapsed.
Well It seams I was right about that and getting in in the "right time" was a wise choice.
As i wrote we started for fun... then got 6 x R7 370 4G cards and 3x R9 380 4G to get more "fun" ;)
Now, one year later all cards are sold, some for the same amount that we paid for them (high interest right now, and low suply) and we made a nice ammount of ETH.
ETH is moving from proof of work (mining with GPU) to proof of stake (not using GPU) till the end of this year or 1Q 2018 so geting in right now seams a big risk. Then, there is now >800 coins available and there will always be something to mine.
So my point of view?
Right now mining ETH with what you have is OK, but buying cards for that... nope!
One important thing to remember:
Looking now at all the negative comments here... knowing BTC was $422 at that time and now is $2540... What will the price be in a year, two, ten,... no one knows! Are we in a bubble? Maybe. Honestly I dont care anymore.
Comment has been collapsed.
If I may ask how much did you profit of it? And how much time did it take?
Comment has been collapsed.
I stopped mining a few months back. Cashed out the initial invesment + got myself a GTX 1080. Now by trading and holding I can tell you that this year I'm 1730% up of what I had 01.01.2017.
Comment has been collapsed.
So I will be able to mine if I just have a R7 260x, or will it nuke my card?
Also, how is the money transferred to you? Do you need a special account? If so, how do I get the money from the account to where I need it?
Comment has been collapsed.
Not worth it to me for wear and tear on my system as well as power and bandwidth usage i have a hard enough time staying under my monthly 1tb limit in my house even a couple gigs per month would be felt,also thought about ASIC's and as they are expensive and you would want a couple of them they would likely be outdated by the time they payed for themselves if you were lucky enough to get a couple that did not fail prior to them paying themselves off.
Comment has been collapsed.
All I know is that miners are keeping me from building a new gaming rig.
Comment has been collapsed.
I don't know how much you know about mining cryptocurrencies, or are you even interested, but I'm sure you at least heard of Bitcoin.
Well the question is: did you hear about Ethereum?
A friend and me started to mine just for fun to see how/if it will be profitable. Four days later, the answer is that with some downtime the rate is nothing special but enough to keep us thinking of getting a dedicated rig just for mining.
For now, the Nvidia 970 and R7 290 combined in a mining pool get us: $5.82 a day or $174.71 a month.
Now that Steam accept Bitcoin as a paying option, and ETH to BTC is easy I think we found a not bad way to get us some games for "free" ;)
What do you think about using your GPU to get you more games without spending anything but some electricity?
The big question then would be:
What if all steamgifts users created a pool account and mine all together? What do you think the profit would be?
Comment has been collapsed.