Bitcoin Mining Calculator - MiningCave

Megacoin Mining

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GPU Mining - Where GPU Miners Discover the Best GPU Mining Hardware

gpuminer is a Reddit community dedicated to GPU mining of digital currencies also known as alt coins. Discover the current best mining hardware, mining software and hash rate settings to get the most out of your GPU mining rigs. We cover Ethereum mining as well as other crypto currencies including: Dash, Monero, Decred, Zcash, and Library Coin.
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Litecoin mining!

Since the litecoin community is growing, I've decided to introduce /litecoinmining, a place for all discussion revolving mining litecoins!
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Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated.

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated. submitted by bitentrepreneur to BitcoinMining [link] [comments]

bitcoin mining profitability calculator rig

bitcoin mining profitability calculator rig submitted by Rufflenator to 3bitcoins [link] [comments]

bitcoin mining profitability calculator rig 2018

bitcoin mining profitability calculator rig 2018 submitted by Rufflenator to 3bitcoins [link] [comments]

bitcoin mining profitability calculator rig 2018

bitcoin mining profitability calculator rig 2018 submitted by ososru to Bitcoin4free [link] [comments]

bitcoin mining profitability calculator rig

bitcoin mining profitability calculator rig submitted by ososru to Bitcoin4free [link] [comments]

04-04 10:34 - 'Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool' (medium.com) by /u/bitentrepreneur removed from /r/Bitcoin within 37-47min

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool
Go1dfish undelete link
unreddit undelete link
Author: bitentrepreneur
submitted by removalbot to removalbot [link] [comments]

I’m interested in starting a tiny farm. A garden if you will.

I am thinking of getting two Antminer S9s and setting them up at my house. I’m aware they might not be too profitable but I’m still wanting to mine coins. Here’s my main question since the Antminer S9 runs the SHA256 algorithm what coin would you suggest I mine, and also if you don’t like the Antminer S9 what would you suggest for a beginner? My budget per miner is about $200.
submitted by NA_Native to Bitcoin [link] [comments]

HODL HEATING? Making $5,000-$20,000 While Heating my House for the winter - Can it be done?

We can start with a disclaimer by saying that: this might be a crazy or weird concept, but I believe it is possible; and I will be doing it to ensure that it is possible for anyone.
Thought: “I am going to heat my house and make $5000 this winter”
Possibility: Who knows?
I contacted a local mining operation who has always been great to me (Info about them below) and store last month and they let me know that they have been selling off some of the miners as they had one of their warehouses shut down by the town (they said they were selling them at a price point where payoff was taken into consideration) and that they had over 5000 computers to sell. So I purchased 8 Miners to see what happened, I had them shipped as they were coming from a Georgia mining operation they had. The miners showed up today and Im getting the power ready at my own house, the mining company joked with me about the idea of heating my house for the winter, cold upstate New York. The miners, as this community knows, put off an incredible amount of heat when hashing. I plan to setup the miners in place of my central air system in my house and heat my entire house with them. I believe that I can make money while heating my house, which would normally cost me around $500 a month for around 5 months, so $2500 in savings. And my calculator says that I should make around $470 a month, and i plan to buy more miners anyways from BCM, as they were very cheap and great condition for used miners. The savings and profit should make me around $5000 in the winter alone. I will keep everyone updated and post a list of all my transactions and endeavors within the crypto and bitcoin market/space for anyone interested below.

Last year, I came across BCM (BigCatMining) as they have a location in my area upstate New York. I had been into bitcoin and crypto for a little while and I toyed with the idea of mining and realized that I missed the boat, so cloud mining sounded like the option for me. I contacted BCM at their website Link about a year ago asking about a cloud contract, and they were very helpful with setting me up, (huge shoutout). I think I spent around $500 on a contract and by the time the contract was up I had generated around $720 or so. With the confidence boost from that return I decided to buy a $5000 Contract expecting to get $2000 in profit and after a few months of waiting generated $12000 which was $7000 in Profit. I proceeded to invest with them a few times where I either gained or lost money but it was an overall positive and they kept me updated throughout the entire process. I believe I profited around $15,000 overall through my cloud mining experience. But again a huge shoutout to bigcatmining.com for giving me all the opportunities they have, and just overall friendly and fair services (Rare to come by, especially in this market).
List 2017-Now
MISC BITCOIN purchases/investments:
-Bought 5 Bitcoin at around $8500 before 19k upsurge sold around $13,000 on the downward cycle (Profit: $22000 or so)
-Bought a total of $12,000 in mining contracts from bigcatmining.com Made around $27000 (Profit: $15000)

HODL HEATING Setup:
-Bought 8 Miners $2800 (Might buy 12 more?) (Profit/savings: TBD)
-Rerouted the Central air from a small room with an outward air handler Cost $600 Materials.
submitted by xannyphantomllc to Bitcoin [link] [comments]

Mining bitcoin in college (free electricity!)

I am working with a friend to set up a bitcoin mining rig our university. I'm a business major, but my friend is in engineering and has unlimited free access to a 220v power supply. Would it be worth buying 100 AntMiner S9's on eBay and making our own rig?
The math breaks down as follows according to https://www.cryptocompare.com/mining/calculatobtc?HashingPower=1350&HashingUnit=TH%2Fs&PowerConsumption=137500&CostPerkWh=0&MiningPoolFee=1
1350 TH/s hashrate (with 100 S9s at 13.5 TH/s for each unit)
Electricity cost is zero.
Predicted payout is $3,390/month.
Am I missing something? It seems too good to be true, making 4k/month with only 10k up front.

EDIT: Assume the rig was well hidden and not discovered for a few years.
submitted by josiahkitching to Bitcoin [link] [comments]

GPU or Asic mining

Ok, A little backround. I know hardware and networking. I can build just about any config of a computer. I understand overclocking and undervolting. I can invest around 2,700 for initial investment.
So do I buy hardware to build a GPU miner with at least 6 cards or more? Probably RX580 as they are cheap and I have one in my rig. More on that later.
Or do I a Asic miner like this I understand a GPU miner is multiple coins and not Bitcoin, and Asic is nothing but Bitcoin.
I've done the math on the Asic miner and the ROI in about 3 months with a net gain of about ~10,000 USD a year @ .13 cents per Watt.
I've had a hard time finding a solid or semi way of calculating the earnings for a GPU miner. Not only because it is many coins or dedicated to one coin, but there our other variables involved. However I have more control of the hardware if it fails.
I dipped my toe into mining with my own rig that has a RX580 fatboy and a AMD Phenom ii x4 955 black edition. I overclocked the GPU and undervolted the CPU to reduce heat since it was hitting 62 cel.
The GPU gets 12.5 sol/s and the CPU was getting ~322 h/s. All this added up to ~170 watts and a net of .00218322 BTC/Month. This was all done using Cudo as it was easy to find and setup just to test. This was just a test to see how it would work. I wouldn't use Cudo to full scale as it is a pool and the transfer to a Wallet is pretty steep in relationship to earns. I understand that in a pool you get your share based upon how much of the "work" you did to get find block.
So do I build or buy? With that much computation power do I need to join a pool? What software is best for pool or alone? I am comfortable with CLI as long as it's well documented, but would like a remote GUI.
Also what is the best wallet with the best fees for transactions. Currently using uphold since I use Brave.
I think I covered as much as I could, if you have any questions let me know. Any advice would be great. If I should post this else where let me know please or I could just cross post it.
TIA. Be safe, stay safe!
Edit: Words and BTC earning was WAY off then I first typed this.
submitted by P_Munky to bitcoinhardware [link] [comments]

Is worth start mining with the actual situation of the cryptocurrency market?

I've been watching the market for over 3 years now. For those years I've been a student with no money to invest, and now that I'm almost out of the university and I have some money I wanna finally start on this world. For some weeks now I've been working on a planning for building a 6 GPU mining rig, all theoretical earnings calculated with NiceHash & WhatToMine. The actual theoretical profits for this one are like 250 EU month (1.40€/day per GPU) with AMD RX 5700 , having an electricity cost of o.o79EUkWH. I've compared all the actual GPUs on the market, and that's the best one I could find in terms of ROI (I start to get profits after 1 year and 1 month). I've seen some posts talking about much better profits & less ROIs but I couldn't find a better profit for a GPU rig, maybe I'm doing something wrong! To see if the theoretical numbers are right I tested them with an RTX 2060 on my own personal computer and I had a profit of 1.20 EUR /day when the theoretical profit for that GPU was about 0.80 EUR /day. So, after all those weeks comparing, thinking about a long term Investment plan and searching for LOTS of information i conclude that it's worth spending a total of 3000 EUR into mining.
Now I wanna ask you guys, with the actual situation of bitcoin (going up and up) and the difficulty raising over time...is it worth investing all that money on GPU mining right now? I'm afraid about investing the money and start to see a massive decrease in my profits, either for bitcoin going down or the difficulty going up nonstop. Also, I've not exposed all my plan, but doing it this way (mining with NiceHash and with 6 AMD RX 5700) is a nice plan or there is something with better profitability/ ROI? Maybe mining myself small cryptos and then exchange them to bitcoin, etc... All knowledge is welcomed.
Btw, I'm a computer science engineer, that's why I wanna start on mining instead of trading stocks, because I know how computers work and I think that my knowledge on Pc & GPUs could help me on doing this efficiently. And sorry for my "not so good English", it's my 3rd language! Thanks all.
EDIT: I could also buy the GPUs & equipment for the rig on a 2nd hand market, which would totally lower the total price of the rig, reaching ROI faster and if something goes not as expected, have less losses. Ofc buying at a 2nd hand is somehow risky but maybe worthy!
submitted by SergioArcos to BitcoinMining [link] [comments]

[PROJECT] Bitcoin Mining Profitability Calculator

DESCRIPTION
This project will help you to calculate the earnings of your mining hardware, providing you the total earnings (approximate) based on: power consumption (*), electricity cost (**), per-device income and the time it will be mining.
This project includes an Initial Setup task that needs to be executed when it is imported from TaskerNet, or when the dev considers it is needed even not imported from TaskerNet.
Notes:
- Thanks to flaticon for the pics.
- This project won't provide you the current hashrates and/or possible earnings for your devices based on an on-line database. It just makes calculations based on pre-defined entered user data. But at least, you won't need internet access to make a quick calculation for approximate values. So, to get current and software based values for your devices, check appropriate web platforms.
- The project was based on bitcoin cryptocurreny type, that's why 'Bitcoin' appears on its name. But it can be used with absolutely any other type of currency, if needed.
- (*) To get the power consumption (watts) of your device/mining rig, you can check on-line references, specialized web services (OuterVision PSC, as an example), forums, or use a digital power meter (HiDANCE, as an example).
- (**) To get the electricity cost check your own bills, since they usually have it well detailed on the reverse. You can also get the taxes, if applicable.
SCREENSHOTS
https://i.imgur.com/brATyap.jpg
https://i.imgur.com/CuVJl12.jpg
https://i.imgur.com/UASkMLt.jpg
https://i.imgur.com/8tymTkE.jpg
https://i.imgur.com/R0O1fWd.jpg
https://i.imgur.com/T6eRnEi.jpg
https://i.imgur.com/WebzQwa.jpg
https://i.imgur.com/snUyw7J.jpg
https://i.imgur.com/hxoNNy5.jpg
https://i.imgur.com/Be7IEez.jpg
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
https://taskernet.com/shares/?user=AS35m8mfGyuboiM%2Fz2tF8XYXsBUv3Xkrp5hi5ZvqsTMif3HMNm3%2FTO4lh2qWQ28b9SnLuImT3MNI70s0Wk8%3D&id=Project%3ABitcoin+Mining+Profitability+Calculator+v1.0
To download the latest version of the project you can go here. Enjoy it ;)
submitted by CrashOverride93 to tasker [link] [comments]

Would I be profitable?

Hello, sorry if this is an inconvenience but I am looking into bitcoin mining, I see that this pool is good for beginners, while doing research on this topic, I have been trying to figure out if doing this would be profitable. The ASIC I’m thinking about buying costs $85, consumes $2.71 in a day in power costs and has a rate of 4 terahash a day. I am wandering if it would be possible for me to break even or make a profit within 3 years. Sorry if this is an inconvenience but I tried using a calculator and most of the terminology was confusing. Thank you.
submitted by sevenpoundsofpie to Bitcoin [link] [comments]

[PROJECT] Bitcoin Mining Profitability Calculator

DESCRIPTION
This project will help you to calculate the earnings of your mining hardware, providing you the total earnings (approximate) based on: power consumption (*), electricity cost (**), per-device income and the time it will be mining.
This project includes an Initial Setup task that needs to be executed when it is imported from TaskerNet, or when the dev considers it is needed even not imported from TaskerNet.
Notes:
- Thanks to flaticon for the pics.
- This project won't provide you the current hashrates and/or possible earnings for your devices based on an on-line database. It just makes calculations based on pre-defined entered user data. But at least, you won't need internet access to make a quick calculation for approximate values. So, to get current and software based values for your devices, check appropriate web platforms.
- The project was based on bitcoin cryptocurreny type, that's why 'Bitcoin' appears on its name. But it can be used with absolutely any other type of currency, if needed.
- (*) To get the power consumption (watts) of your device/mining rig, you can check on-line references, specialized web services (OuterVision PSC, as an example), forums, or use a digital power meter (HiDANCE, as an example).
- (**) To get the electricity cost check your own bills, since they usually have it well detailed on the reverse. You can also get the taxes, if applicable.
SCREENSHOTS
https://i.imgur.com/brATyap.jpg
https://i.imgur.com/CuVJl12.jpg
https://i.imgur.com/UASkMLt.jpg
https://i.imgur.com/8tymTkE.jpg
https://i.imgur.com/R0O1fWd.jpg
https://i.imgur.com/T6eRnEi.jpg
https://i.imgur.com/WebzQwa.jpg
https://i.imgur.com/snUyw7J.jpg
https://i.imgur.com/hxoNNy5.jpg
https://i.imgur.com/Be7IEez.jpg
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
https://taskernet.com/shares/?user=AS35m8mfGyuboiM%2Fz2tF8XYXsBUv3Xkrp5hi5ZvqsTMif3HMNm3%2FTO4lh2qWQ28b9SnLuImT3MNI70s0Wk8%3D&id=Project%3ABitcoin+Mining+Profitability+Calculator+v1.0
To download the latest version of the project you can go here. Enjoy it ;)
submitted by CrashOverride93 to taskernet [link] [comments]

Building an Ethereum Mining Rig - Part 2

First update to the guide "Building a 6Gpu Mining Rig for Ethereum" - Let's talk about Claymore.
This update supplements and does not replace the Guide to Build a 6GPU Mining Rig for Ethereum published on our site.

The substantial differences are due to the installation of the latest version of the Windows 10 Operating System, the mining on the Ethermine pool (in our opinion simpler than Dwarfpool) and the use of the XFX RX 580 8gb GPUs.

The first variant is found in Part 4 of the guide: the environment variables are not to be entered as they will be integrated directly into the bat file to start mining.

The second variant is found in Part 7 of the guide and leads us to "mine" on a different pool using the Claymore software.
Download the latest version at the following link: https://github.com/Claymore-Dual/Claymore-Dual-Miner

Once downloaded, unzip everything on a folder on your desktop and open the start.bat file with notepad. Clear the contents and copy the following command:

start config.dll -epool eu1.ethermine.org:14444 -ewal "your ETH wallet address" -epsw x -worker "worker"
EthDcrMiner64.exe

Where instead of "your wallet address" you will have to put your Ethererum wallet - obviously without the quotes - and instead of worker you will put an identification number in case you build more RIGs (such as RIG1, RIG2, etc ...). We opted for the eu1 pool even if some on the discussion forums believe that the us1 is more profitable.

At the following link, many other useful commands for your Rig:
https://github.com/Claymore-Dual/Claymore-Dual-Miner


The Ethermine pool offers a very well crafted and descriptive interface. In the Payouts section, after only 5 minutes of mining, you can decide the minimum amount of Ether to be transferred to your wallet by simply entering the IP address of the RIG.

We have decided to mine directly on the Ethereum address of our Exodus wallet. It is not recommended to mine directly on Coinbase, as reported on the site itself. Sin.

Nothing should be left to chance when you decide to build a mining rig for Ethereum.
The third variant is the most difficult of all. Once you have reached Part 5 of the guide, you can decide whether to continue or follow this update / variant. If you are here it is probably because you have run into some problem that the guide does not allow you to solve.

With the latest version of Windows 10, you may run into a kernel conflict between the operating system and AMD's Radeon Software Crimson ReLive Edition Beta for Blockchain Compute drivers. This conflict will prevent you from using Atiflash after installing the drivers.

Important: Before making any changes to the BIOS, please backup each GPU.

Important: first of all flash the GPUs with the original bios if for any reason you are forced to reinstall the operating system.


Still on Atiflash.
The advice would therefore be to flash the GPUs and then install the AMD drivers. Let's say it would be because you may run into another problem this time related to the GPUs themselves. Since each video card is different from any other, the bios mod of the GPU could crash the operating system showing the classic blue screen and displaying an error related to the Atimkdag.sys file.

This could be due to the fact that some GPUs have significantly higher performance in the calculation phase than others. We could call it a factory overclock but not using them for gaming we cannot say it with absolute certainty.

Having assessed these two drawbacks, the only safe solution is to flash all the GPUs, disconnect them except for the first one, install the Blockchain drivers (plus Atimkdag patch) and launch the mining command verifying that the operating system does not go into crash in the next 5 minutes.

Turn off the rig again and connect the second GPU so on up to the sixth. In the event that one or more video cards should crash the system, disconnect them. After that, it uses DDU from the provisional mode and flashes these GPUs with their original bios. At this point, connect them again, reinstall the Blockcain drivers (plus Atimkdag patch) and start mining definitively.

All the operations related to the use of Atiflash, DDU and driver installation are reported in Part 5 and Part 6 of our guide.
A little bit of Overclocking.
You will certainly find significant differences in performance between the GPUs.

At this point all that remains is to "operate" with an overclocking software. We opt for OverdriveNtool. Our constantly updated guide is available at the following link: https://www.cryptoall.it/2019/10/12/complete-guide-to-overdriventool/

Link to the official YouTube channel for verification: https://www.youtube.com/channel/UCdE9TTHAOtyKxy59rALSprA

GPUs with modified bios will not leave much room for modification. You will have to proceed with the most extreme overclocking on those that mount the original bios; obviously always in small steps by saving the profile for each GPU. Our guide explains in detail how to do it.

Hoping to have been of help, we give everyone an appointment for the second part of the update on how to build an Ethereum mining rig in which we will explain in detail the dual mining on the Ethermine pool.

See you soon.


If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
submitted by Giulo75 to u/Giulo75 [link] [comments]

18 P106-100 & 1 P104-100 Mining Rig Build

18 P106-100 & 1 P104-100 Mining Rig Build

19 GPU Build with ASUS B250 Mining Expert - 470MH/s

Its my dream to achieve and build a mining rig of this extent.
Allow me to describe this journey of mine to the GPU mining community.
Kudos to all! Feel free to ask me questions and I would love to help you out.

2017 - Bull Market - Dipped my toes into the GPU mining market. Spent nearly 3k USD, 6x GTX 1060 3GB & 2x GTX 1070ti.

Back then, my setup was really simple, An ASUS B250 Mining Expert with Pentium G4400, 8GB of RAM, 2 PSU (Coolermaster 700w as well as a V1200W PSU)
Placed this entire setup on a DIY metal shelf
Bought extra 2 GTX 1060 3GB on my Ryzen 7 1700 setup back then. Mining Monero too on Cryptonight Algo. Really profitable on these 2 rigs combined. Earning approximately 35USD per day at the peak :)
Without much experience back then, my overclocking skills sucks. I was drawing a ton of power with very little efficiency. However, at that point I was literally making few hundreds every month. It has been a really wonderful journey until bear market hits.

2018 - Nicehash Hacked, Bitconnect & Bear Market Hits...

If you still remember the dreadful hack of Nicehash. One morning I woke up seeing that my rig was no longer mining. Saw my balance turned to zero. And the moment I saw this article, my heart sanked. With over 100 USD inside my account that point, I knew I wouldnt be able to pay for my electric that month. This pulled down my confidence but quite a little.
Still remember Bitconnect? Hahahaha well entered into this ponzi scheme too. Invested 100 USD into this, got it back and donated the money.
Disconnected my entire rig... It was a pretty sad moment :\")
My house became cooler, quieter and my power usage instantly went down.
Kept 1 GTX 1070ti & 1 GTX 1060 3GB and built myself a Ryzen 7 gaming computer hehe.

My disconnection from Crypto 2018-2019

I exited this market back at the very end of the bull run and never touched Bitcoin until 2019. I began to plan my future, created an investment portfolio where I finally included Bitcoin back into my high risk asset class. The resurgence of Bitcoin mining begans :)

2019 - Sold my Ryzen 7 1700 & MB for ASUS B250 Mining Expert with 19 GPU build in mind

It all started with my small mining rig of one ZOTAC GTX 1070ti as well as an ASUS B250 Mining Expert which I was using to mine Ethereum at 33MH/s, get paid 0.05eth approximately every 2 weeks on 2miners.com

Purchased 2 more GTX 1070ti, bringing my total hashrate to 130MH/s.
Revamped & Redesigned into a DIY rig. Didnt wanna spend the money to find a frame hehe decided to use my mums shoe rack instead HAHAHAH
Back then, 1 GTX 1070ti resale value was approximately 230 USD here in Singapore.
Calculated hash per dollar and I notice the insane price I was paying with my 1070tis.
Sold all 4 of my GTX 1070tis and manage to trade for the following cards:
  • x4 Gigayte RX 570 8GB cards @ 70USD
  • x1 Sapphire Nitro RX 570 8GB @ 85USD
  • x5 P106-100 6GB cards @ 63USD
4 Gigabyte RX 570, 1 Sapphire RX 570, 5 P106-100 6GB
With all the skills and experience I have accumulated in 2017, I began redesigning my entire 10 GPU setup. This was the end product of my 10 GPU mining rig consisting of 5 NVIDIA P106-100 6GB cards as wel as 5 AMD RX 570 8GB cards. Working fine alongside with one another as claimed by ASUS.
Hashrates:
  • NVIDIA P106-100 6GB: 24.8MH/s @ 85watts
  • AMD RX 570 8GB: 29MH/s @ 95watts

DEAL OF THE MONTH - ZOTAC P106-100 6GB @ 56 USD

The dream of building 19 cards were never off my brain. Been sourcing for cheaper 2nd hand cards and snap! 56 USD per card for ZOTAC P106-100. It was insanely a great deal. Sold my 5x RX 570 8GB, use the cash and baammm!
Got 8 ZOTAC P106-100 6GB (2 not in photo) for test. PERFECT CONDITION and I cant believe the speed I was getting in Ethereum. 450MH/S for 18x P106-100 6GB

2ND DEAL OF THE MONTH - P104-100 8GB @ 70 USD

Managed to achieve 35.9MH @ 124w. Bringing my total GPU to 19.

The screen all miners with B250s love to see :)
The entire setup of my 19 GPU rig. Fan is blowing at single direction, expelling all the hot air towards my door exit. Keeping my living room relatively cool.

Underclocked my rig to 466MH for better stability and power draw. Has been running fine for 2 weeks without any manual interventions.
Bought a HP 1200w PSU. Placed a 120mm fan on top of it to keep it cool. In case if you are asking how loud is it, actually its pretty quiet. I have only used 600w, half of the capacity. Hence, under full load I am not sure how loud it will be.

All in all, my journey of a 19 GPU build. Feel free to ask me any questions :)
submitted by amtf99 to gpumining [link] [comments]

Mining: Weird Time to Start, a Good Time to Think

Mining: Weird Time to Start, a Good Time to Think
Well, it’s supposed to be an optimistic article about most promising mining cryptos, but then something happened. No one was too naive to believe that the events unfolded around the COVID-19 pandemic will not affect global markets, but the turbulence that occurred was very significant and, what is most sad, it is still very difficult to say how soon the situation will stabilize.
https://preview.redd.it/9xxheofluzp41.png?width=1024&format=png&auto=webp&s=cd8ca033faddf57ea041e82ceadee1037b8587f1
Many people were already bothered that crypto mining is becoming less profitable in 2020 and will be meaningless very soon, but even though big companies having bigger resources took over most of the industry, cryptocurrency mining using video cards remains available to common users and still has potential.
Despite, the volatility of the cryptocurrency market hashrate of the Bitcoin blockchain network yet remains almost at the same level and that is a quite positive sign. At the moment, the most reliable option seems to be to leave mining to large ASIC-farms and return when the stock panic subsides and the prospects will be clearer.
Although Bitcoin is still the most popular cryptocurrency on the market, every year the complexity of operations necessary for its production increases, and rewards fall (after halving in May 2020, we will talk about 6.25 BTC per block). For mining many altcoins, the threshold for entry is much lower, therefore it makes sense to look for a more profitable option among them.
But first, let’s try to understand a little what conditions we need for profitable mining.
There are several crucial aspects that determine how profitable mining will be. These are such obvious things as the price of the currency or the amount of reward for the generated block.
And this is the reason it is now very difficult to calculate the possible income. One way or another, the market price of altcoins depends on the position of bitcoin, which is experiencing bad times. For several months, the world of crypto mining has been preparing for the May halving, because the reduced supply led to a significant increase in prices. This time should not have been an exception, but now when bitcoin does not rise above $5500 and risks falling below $3500, we can only make vague guesses about its potential price in May. Many analysts tend to believe that closer to the middle of April, the negative effect of the crisis should be reduced, and positive expectations from halving and a large amount of cash from investors should have a positive impact on the price of bitcoin. Altcoins, as a rule, repeat the dynamics of the first cryptocurrency and will also continue their growth to historical highs in the year’s future.
Next, you should also pay attention to the complexity of mining because it affects the time and energy spent on generating the block. Do not forget about the cost of electricity in your region, as one extra-large bill can negate all your efforts to earn money on currency mining.
Do not forget about expenses on a mining rig and it’s amortisation.
In addition to the above, you should find out how practical the chosen currency is: whether it can be exchanged for fiat or more popular coins, what fees are charged by exchanges that work with it, and what reputation it has in general.
In order to avoid unpleasant mistakes, it is easier and more reliable to check the possible profit in one of the many calculators.

Best altcoins to mine in 2020

Monero is the currency with the highest anonymity rates, which stays attractive to many users and remains one of the strongest altcoins. The specific proof-of-work hashing algorithm does not allow ASIC-miners, so it is relatively easy to mine using personal computer’s processors and graphics cards. AMD graphic cards are preferable for this task, but NVidia suits as well. The current block reward is 2.47 XMR.
Litecoin is one of the oldest Bitcoin forks, but unlike it uses a different “Script” PoW algorithm which allows less powerful GPUs to mine coins. Litecoin is on the most popular, and successful Bitcoin forks and considered one of the most stable cryptocurrencies. Block mining reward is 12.5 LTC.
Ravencoin is another Bitcoin hardfork, and like Monero’s its X16R algorithm is practically unavailable for ASIC machines. Raven keeps gaining popularity for many reasons – it has faster block time, higher mining reward (5,000 RVN at the moment) and secure messaging system.
Dogecoin is not a joke anymore. Hard to believe, but this currency once made for fun, became one of the most valuable ones. Like Litecoin it uses Scrypt algorithm and great for mining with GPUs.
One more Bitcoin fork Bitcoin Gold was made specifically to kick out ASICs and clear the road for GPUs. It may not be the fastest-growing currency, but it is definitely one of the most stable.
That’s all for today. Stay safe, cause health is our most important asset.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected])
submitted by Stealthex_io to StealthEX [link] [comments]

what's the highest hashrate to price ratio out there?

I have a very cheap electricity source (~0.002 USD/kWh) and I think that I don't need to buy low power expensive miners. Am I doing it right?
submitted by mhjahanbakhshi to Bitcoin [link] [comments]

Help a beginner?

So I recently got into bitcoin and I wanted to know what hardware should I start with? I want to make sure I can break even with my electric bill at most by the end of the month. And after that, I would like to know of a good mining pool (or group? I don't know the official term.) Thanks in advance for anyone that decides to help!
submitted by NetherFall to BitcoinMining [link] [comments]

Looks like a new farm has moved in.

Well judging by the numbers, a new folding farm has moved in, and a few people have doubled their rigs, like catsrule1 and honoriz. Queue the "I can't afford to fold no more"
submitted by Blue-Thunder to curecoin [link] [comments]

Bitcoin Rhodium Mining Guide

Bitcoin Rhodium Mining Guide
Happy Mining!

All available XRC pools can be found on MiningPoolStats

Bitcoin Rhodium Mining Hardware

Baikal Giant+: 1.6 GH/s
Baikal Quad Cube: 1.2 GH/s
Baikal Giant: 900 MH/s
Baikal Quadruple Mini Miner: 600 MH/s
Baikal Miner Cube: 300 MH/s
Baikal Mini Miner: 150 MH/s

Mining Setup

To mine Bitcoin Rhodium you need to set up an XRC wallet and configure your miner of choice. You can choose between Web wallet, Electrum-XRC or Magnum wallet. To set up a web wallet please visit wallet.bitcoinrh.org. Or download and install Electrum-XRC wallet (recommended) for Windows, Linux and MacOS.
Web wallet: wallet.bitcoinrh.org
Electrum-XRC wallet: electrum.bitcoinrh.org
Magnum wallet: https://magnumwallet.co

Sign up for XRC web wallet if not yet done so

  1. Create an account, with your username, password and secure question.
  2. Sign in and click “Create Wallet”.
  3. Set up a strong transaction password. Make sure you store it securely in a secure password manager of choice.
  4. Copy the seed somewhere safe. It’d be a good idea to write seed on a hardcopy and keep it safe.
  5. Paste it to confirm you got it right.
  6. Grab an address for the mining step. Your wallet is now ready to mine XRC.

Instructions for mining XRC on the official pool

Pool link: poolcore.bitcoinrh.org
  1. Any miner that supports X13 will be able to mine XRC. We have a few examples below of miners that are well tested with Bitcoin Rhodium network.
  2. For any miner, configure the miner to point to:
(0–0.8 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3061
(0.8–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062
(3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063
(5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064
with your XRC address as username and x as password. You don’t need to open an account on pool. You will be mining to XRC address and mined coins will be transferred to your wallet
after blocks reach 10 block maturity
after you mined up minimal amount of coins (currently 0.1 XRC)
sometimes mined blocks could get rejected by network (orphaned) after they were counted as valid blocks. This is normal network behavior to follow longest chain
  1. http://poolcore.bitcoinrh.org is used to follow your miner and network statistics.

CPU Miner-Multi

Source: https://github.com/tpruvot/cpuminer-multi
Sample configuration with CPU Miner tested on UBUNTU.
{
“url” : “stratum+tcp://poolcore.bitcoinrh.org:3061”, “user” : “YOUR XRC ADDRESS”,
“pass” : “x”,
“algo” : “x13”, “threads” : 1,
“cpu-priority” : 5,
“cpu-affinity” : 1, “benchmark” : false, “debug” : true, “protocol”: true, “show-diff”: true, “quiet” : false
}
Command to run your CPUMiner: cpuminer -c cpuminer.json

SGMiner (ATI GPU)

SGMiner is a GPU-based mine: https://github.com/nicehash/sgminereleases
The configuration below was tested on Windows:
setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
cd C:\Software\sgminer-5.6.1-nicehash-51-windowsamd64 sgminer.exe
— gpu-platform 1 — algorithm x13mod -url stratum+tcp://poolcore.bitcoinrh. org:3062 — pool-user — userpass :x — auto-fan — temp-target 70 — temp-over- heat 82 — temp-cutoff 85 — gpu-fan 65–85 — log-file log.txt — no-adl — no-extra- nonce -P –T

CCMiner (NVIDIA GPU)

CCMiner is a GPU-based miner (NVIDIA)
Command to run your CCMINER:
ccminer-x64.exe -a x13 -o stratum+tcp://poolcore.bitcoinrh.org:3062 -O :without -D — show-diff

Baikal miner

Settings: Url:
(0–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062
(3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063
(5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064
Algo: x13User: your XRC receiving address (make sure you set 2 distinct addresses for each hashing board)
Pass: x
Extranonce: leave off Priority set to 0 and 1
Once pool stratum address and your wallet as user are set up you should see your miner mining against XRC pool. When miner is working the status column is green. The pool and miner are incorrectly configured now as status says “Dead” highlighted in red.

Instructions for mining XRC on BSOD pool

Pool link: bsod.pw/en/pool/dashboard/XRC/
Use this code for your miner: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig
BSOD pool allows both solo and party mining.
For solo mining use code: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=solo And for party mining use: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=party.yourpassword
NOTICE: You can use us for North America and asia for Asia instead of euin your .bat file or config.
You can also use BSOD pool’s monitor app for Android and iOS.

Instructions for mining XRC on ZERGPOOL

Zergpool offers low fees (just 0.5%) and also SOLO and PARTY mining with no extra fees.
To mine XRC on Zergpool use this command lines for your miner:
Regular: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC Solo: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=solo Party: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=party
Use your coin wallet address as username in mining software. Specify c=SYMBOL as password to identify payout wallet coin, and the same coin in mc=SYMBOL to specify mining coin.
For more information and support please visit http://zergpool.com
Notice that when there are more pools mining XRC in different geographic/availability locations choose the nearest to you as lowest priority and then add desirable fall back pool options in different geographic locations or pools. This is useful when one pool experiences issues, to fall back to different pool in Bitcoin Rhodium network.

Calculate your Bitcoin Rhodium mining profitability

WhatToMine: https://whattomine.com/coins/317-xrc-x13
CoinCalculators: https://www.coincalculators.io/coin/bitcoin-rhodium

Feel free to ask questions in Discord community. There are lots of helpful people around the world watching XRC 24x7.

Bitcoin Rhodium Dev Team
submitted by BitcoinRh to BitcoinRhodium [link] [comments]

Mining profitability gaining momentum

Mining profitability gaining momentum
We are back!
For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.
If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.
If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h
Top mining profitability websites :
  • https://www.asicminervalue.com/ It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

https://preview.redd.it/aut9qgz76df41.png?width=1206&format=png&auto=webp&s=b85486b8b0171c91301c6fa9827bc3795a4ea2b7
  • https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

https://preview.redd.it/y0xr3dr86df41.png?width=1182&format=png&auto=webp&s=439e7cb67f8becc86f4d97c128504636922939e9
The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.
  • Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

https://preview.redd.it/msokirj96df41.png?width=891&format=png&auto=webp&s=7552b4aff2c0df4c25d9a72ecc25dfb4c2510f43
  • Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

https://preview.redd.it/ajx9eyfc6df41.png?width=894&format=png&auto=webp&s=30442d846a9d70ea3eaac6eaf7c2bdbe476384e4
  • DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s u/2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

https://preview.redd.it/l80xnwbd6df41.png?width=902&format=png&auto=webp&s=5620ecf7af742cdcae0ae7010cf910d9131ae801
These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.
Any miner suggestion, what would be your best choice and why?

Video here - https://www.youtube.com/watch?v=QvVYQFJEmnQ&t
submitted by mineshop to gpumining [link] [comments]

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Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC. To the right of the address bar, click the icon with 3 stacked horizontal lines. From the drop ... Ethereum (ETH) Mining Rig Builder and Profit Calculator. OuterVision Mining Rig Builder and Profitability Calculator provides computer part selection, compatibility, and pricing guidance for do-it-yourself Ethereum cryptocurrency mining rig builders. What makes us different? Besides the largest and most accurate power consumption database, we provide a comprehensive mining rig parts ... Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. 💡 Online Mining Rechner 1 / Cryptocompare. Mit Cryptocompare können alle großen Krypto-Währungen berechnet werden. Wer sich über die genauen Gegebenheiten zwischen den Währungen informieren möchte, der kann Bitcoins, Ether, Dash, Litecoins, Ethereum Classic, Monero, Zcash und Pascal berechnen.

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5GHs Bitcoin mining rig - YouTube

This video goes over my 7 day 1 week Bitcoin Mining experiment. I let my computer Mine for Bitcoin for a week straight, to see how much money I could generat... Just a week update on my profit with my 6 gpu zcash miner. Also going over future projects and ideas. This video is unavailable. Watch Queue Queue Grüßt euch! In Teil 1 der 6teiligen How to build a Mining Rig Serie zeige ich euch, was ihr für Hardware benötigt und welche ich selbst gekauft habe. Alles W... Bitcoin Mining ══ http://tiny.cc/BitcoinMining CryptoCurrency Center ══ http://tiny.cc/WB-CryptoCurrency Legit Business Opp. ══ http://tiny.cc/Y-Biz...

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