Is Gtx 1080 Good For Mining Btc Bitcoin Mining Profitability

No "self-promotion", for example, linking to own blog, YouTube channel, or other self-interests. Before you start mining for Bitcoin, Ethereum or other cryptocurrencies, make sure you read the following articles so you know everything you need to before you begin. Ineverywhere you look has some mention of Bitcoin or another cryptocurrency. Cosplay Token built with Blockchain technology. Those graphics cards cost me a pretty penny, even if I bought them before the massive graphics-card price hikes caused by cryptominers buying them up. Hero Member Offline Activity: Just consider the electrical costs by calculating how much power your PC uses and how much your electricity company charges. Interested in BitCoin and various cryptocurrencies? Bitcoin Cash Core Ethereum Alt Coin Tutorial seemed like a good place to start. It's not the prettiest mining rig, but it's in the experimental stage, so I'm not taking the time to make it look good as long as it performs the way it's supposed to. Also, Byte Coin Cloud Mining Altcoin Coin Pairs elevated power draw of the GPUs makes the cards hot. Register to stay updated on. My Ti was hitting. Get the latest version of Ethereum Mist Wallet Here! No referral links in submissions. It is worth mentioning that Nicehash provides us with even lower hashrate. Mister Full Member Offline Activity: Automatic payments in bitcoins - daily or weekly Minimum payout 0. Miners can either create a cryptocurrency or get paid for their processing power in a cryptocurrency. This means that it outperforms the GTX eight times, with the hashing only 2. Do not use URL shortening How To Withdraw Cryptocurrency How Much Gas Ethereum As always, your comments, suggestions and questions are welcome.

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The moment mining becomes more expensive than buying the cryptocurrency, I'll stop. Sorry, I guess I read the wrong reply, you can disregard my message below, but I will leave it, just for reference and my update. For a start, as it's newer it costs more than thewhich will dent your profits from mining. The difficulty of the crypto problems that mining solves starts to increase, and the older graphics cards become less efficient and slower at solving them, all while consuming the same amount of electricity. Meuh Legendary Offline Activity: Please use the Search function before posting. It's a balancing act with heat and fan speed. If you're prepared to tweak a few settings, however, this is an excellent Alt Coins Dropped Before Bitcoin Split Connecting Ethereum Node To External Hard Drive GPU. The GIF below is a bit of an exaggeration of what can happen, but you get the idea. One day, I decided to try Bitcoin Planet Should We Invest In Litecoin cryptocurrency with . Plus, it's a very slow way of making money, if that's what you're after — unless you're planning on running a vast cryptomining organization. Here are the parts — graphics cards — I'm using that are integral to the mining process: Kind of on the low side. Do not create posts to buy or sell hardware in this sub. The moment mining becomes more expensive than buying the cryptocurrency, I'll stop. Get the latest Bitcoin price here. Automatic payments in bitcoins - daily or weekly Minimum payout 0. Is mining on a gtx profitable. I was making some profit at first, but not very much. Miners can either create a cryptocurrency or get paid for their processing power in a cryptocurrency. Compared with some larger mining operations that can make several whole coins a day, that's the mining equivalent of looking for loose change on the sidewalk. Graphics cards use up a lot of electricity while mining, and it's a significant cost to factor in when you're gauging whether mining is worth it. Be a part of our subscription and stay updated with the latest trends. I'm no longer legendary just in my own mind! Profitability went down quite bit Monero Cryptonight V7 an If you wanted to keep an efficient mining setup, you'd have to sell your old cards and buy the newer models, which is, understandably, not something everyone is willing to get into. It's also an excellent gaming graphics card for gaming on as well, which is handy if you want to use your mining rig for other purposes. Submit a new link. Remember, the more power a GPU requires, the more expensive it is to run, which will eat into your cryptocurrency profits. Same here, and posted a video on this last week with some more detail: Until some months ago, it was almost impossible to run a GTX on Windows 10 for mining. But again, I'm not really looking at the dollar value of bitcoin unless it dips to the point where it's more expensive to mine than it is to buy. CoinMarketCap - Most comprehensive list of cryptocurrencies market caps.

Why not just buy cryptocurrency instead of mining it?

Experts say that this is due to different clock timings and architectural nuances. Thanks to Cryptomining blog, we know how the GTX performs on other algorithms. And they just so happen to be some of the best graphics cards for mining cryptocurrencies. Interested in BitCoin and various cryptocurrencies? I live in an area with somewhat high electricity costs. Welcome to Reddit, the front page of the internet. Check out my new messy mining-rig experiment to see how much in bitcoin I'm making. Looks like Win 10 still got driver compatibility issues with new Nvidia cards, even though they are not as bad as they used to be a year ago. However, the differences end there — most miners will still agree that either GPU is not profitable for ETH because of their elevated price and power consumption. It's not the prettiest mining rig, but it's in the experimental stage, so I'm not taking the time to make it look good as long as it performs the way it's supposed to. Bitcoin Forum April 24, , The moment mining becomes more expensive than buying the cryptocurrency, I'll stop. Do not use URL shortening services: It also has a higher power consumption, which makes it more costly to run. CrypTrader - Live trading dashboard. Still, I can sell the parts online to recoup some of the expenses. Using software that can tweak the settings of a graphics card, I can make each card mine faster, resulting in slightly more bitcoin! Ethereum, as well as a wide range of other cryptocurrencies, use memory hard-hashing techniques, which is why having one of the best mining GPUs with a lot of graphics memory is required. Get the latest Bitcoin price here. At the same time, I don't want to run them too fast, as I could wear them out. One of the central appeals of cryptocurrency is that you can use a standard PC for mining. Hero Member Offline Activity: Amph Legendary Offline Activity: To receive the latest updates follow me on social media! It stayed there for about an hour. Some miners make their rigs look beautifully organized, like this one: It's a balancing act with heat and fan speed. There's a lot to consider, like the uncertainty of bitcoin's How Do Taxes Work On Cryptocurrency Ethereum Remote Node Api — and there's the risk that the extra graphics cards you buy will become less efficient at mining when newer models are released. You better mine altcoins and make some bucks with it than wasting time and money to mine Get People To Invest There Bitcoin Most Popular To Store Bitcoins And Litecoins few satoshis a month. Please go to the following subreddits USA: Still, I Coinigy Binance Support Neo Wallet Crypto sell the parts online to recoup some of the expenses. Mister Full Member Offline Activity: Until either Volta or Turing comes along to replace it, the Nvidia GTX remains and will remain one of Binance Rdn Crypto Currency Low Price most powerful graphics cards available in How to Mine Electroneum Here are the parts — graphics cards — I'm using that are integral to the mining process:. Price-wise, the GTX and Ti are rather expensive. My Ti was hitting. I was making some profit at first, but not very. This was partially solved by the latest Windows 10 updates. Just so long as it covers the cost of the electricity it uses, as well as the extra parts I bought for the experiment. Those graphics cards cost me a pretty penny, even if I bought them before the massive graphics-card price hikes caused by cryptominers buying them up. The ti rig will make more. Hashrate-wise it can be configured to throw big numbers, but power-wise it will remain inefficient, as well Is Gtx 1080 Good For Mining Btc Bitcoin Mining Profitability the high cost of the card makes it have high ROI. Submit a new text post. They CAN be profitable on some AltCoins, and even have a fairly high probability of earning enough to both pay for the card and pay for the electric usage OF the card on some altcoins over the course of ballpark a year, if your electric cost is low enough and current profitability level on those altcoins stays close Monkey Capital Cryptocurrency Software Wallet Crypto to the current level. Want to add to the discussion? Sorry, I guess I read the wrong reply, you can disregard my message below, but I will leave it, just for reference and my update. This will allow you to keep the cards apart from each other, thus making heat dissipation more effective.

Join the cryptocurrency craze with the best mining GPUs

Automatic payments in bitcoins - daily or weekly Minimum payout 0. I highly suggest getting an open bench setup if you plan on GPU mining as it will result in the best airflow possible, if you must use a case put on as many fans as necessary to keep the GPU cool to lengthen its lifespan. The idea behind cryptocurrencies like Bitcoin and Ethereum is that individuals generate and transfer them, without relying on a central authority like a government or bank. Register to stay updated on our. My goal here is to amass as much bitcoin as possible for less than I can buy it at market price — within my means, of course. It's not the prettiest mining rig, but it's in the experimental stage, so I'm not taking the time to make it look good as long as it performs the way it's supposed to. So I got curious. In order to avoid that, you might want to use risers. Mister Full Member Offline Activity: Monero Cryptonight V7 an Just consider the electrical costs by calculating how much power your PC uses and how much your electricity company charges. As long as I'm making a profit, I'm essentially getting bitcoin for free and paying off extra mining parts. But if you love tinkering with PC parts and regularly keep on top of the crypto market, you could give it a try. Otherwise, should you spend money on more mining parts? I have amassed almost 0. One day, I decided to try mining cryptocurrency with. CoinMarketCap - Most comprehensive list of cryptocurrencies market caps. You should therefore try to mitigate your initial costs as much as possible to maximise your profits and start making your initial investment back as soon as possible. To receive the latest updates follow me on social media! And if I'm making a profit, Buy Bitcoin From Individuals Ethereum Up Or Down if it's not exactly huge, why not? The idea behind cryptocurrencies like Bitcoin and Ethereum is that individuals generate and transfer them, without relying on a central authority like a government or bank. Get the latest version of Ethereum Mist Wallet Here! See more Graphics cards news. I'm using NiceHash .

Those extra 63 MHz might actually notably affect hashrate. Check your income at your chosen pool. Donation Page Hire me: Ineverywhere you look has some mention of Bitcoin or another cryptocurrency. As always, your comments, suggestions and questions are welcome. I wouldn't advise it for the average person. You can help yourself with these two links: Cryptomining is the process of solving complex problems to verify digital transactions using computer hardware — in this case, a graphics card. Biggest issue with the Ti is that they're expensive and power hungry which makes it harder to scale up i. It seemed like a good place to What Is Bitcoin Cryptocurrency With Ethereum Overtake Bitcoin. With my current setup using NiceHash, I'm making 0. You can use Nicehash which will switch to the most profitable coin but pay only in bitcoin. Thanks to Cryptomining blog, we know how the GTX performs on other algorithms. March 19, At the same time, I don't want to run them too fast, as I could wear them out. Some speculate that this issue could be fixed by modifying the BIOS, but no one could prove that yet. Price graphs for numerous coins. You can help yourself with these two links: I wouldn't advise it for the average person. If you're prepared to tweak a few settings, however, this is an excellent mining GPU. Why not buy a ready made one? Therefore, when you go out to look for the best mining GPU you can find, you should think about the memory the GPU features, as well as its power needs and cost. No "self-promotion", for example, linking to own blog, YouTube channel, or other self-interests. To receive the latest updates follow me on social media! After a few minutes of research, I found a piece of software for Windows called NiceHash that was called the "easy button" for mining. Mister Full Member Offline Activity: I have two of the most powerful graphics cards you can buy: I'm using NiceHash too.

Advertently or inadvertently posting a wallet address for seeking donations or requesting hashing power towards a wallet address without prior checks and approval from the mod team is a bannable offense. You can help yourself with these two links: Want to add to the discussion? My goal here is to amass as much bitcoin as possible for less than I can buy it at market price — within my means, of course. The GIF below is a bit of I Want To Keep The Altcoins I Mine What Does A 2 Year Contract Mean With Genesis Mining exaggeration of what can happen, but you get the idea. The cost of such card is damn high. Is mining on a gtx profitable March 29, Meuh Legendary Offline Activity: List of BitCoin Exchanges: Powered by SMF 1. Thanks to Cryptomining blog, we know how the GTX performs on other algorithms. See more Graphics cards news. Please go to the following subreddits USA: They CAN be profitable on some AltCoins, and even have a fairly high probability of earning enough to both pay for the card and pay for the electric usage OF the card on some altcoins over the course of ballpark a year, if your electric cost is low enough and current profitability level on those altcoins stays close enough to the current level. No harder to scale up than with a 6-card. What if I added more graphics cards? Hero Member Offline Activity: One day, I decided to try mining cryptocurrency with . Be a part of our subscription and stay updated with the latest trends. Thanks to Cryptomining blog, we know how the GTX performs on other algorithms. Thank you for reading. Just so long as it covers the cost of the electricity it uses, as well as the extra parts I bought for the experiment. Is mining on a gtx profitable March 30, , UGH i wish my other 2 cards were here now. Just consider the electrical costs by calculating how much power your PC uses and how much your electricity company charges. This means that it outperforms the GTX eight times, with the hashing only 2. When more-powerful graphics cards are released, miners increasingly replace their older models. Looking to Build a Mining Rig? Become a Redditor and subscribe to one of thousands of communities. You should therefore try to mitigate your initial costs as much as possible to maximise your profits and start making your initial investment back as soon as possible. Price-wise, the GTX and Ti are rather expensive. Whatever is the case, the series are only justified to be used for mining if you already have one on your gaming PC and want to make an extra buck with it. Compared with some larger mining operations that can make several whole coins a day, that's the mining equivalent of looking for loose change on the sidewalk. Using software that can tweak the settings of a graphics card, I can make each card mine faster, resulting in slightly more bitcoin! Submit a new text post. Captimiz on March 18, ,