Cryptocurrency Mining

etienne_marais said:
It's just a bite weird to pay for a service where the owners could be making the profit themselves instead of leasing out. What is the reasoning behind this ?
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Its pretty easy to calculate how much you should be making, though admittedly I've never bothered :o

Mining will not remain profitable for the entire two year contract and most of them make this clear.
You get regular payouts when pool mining
You need to keep a copy of the entire blockchain on your PC if mining solo
Much higher data costs when mining solo
you don't have to worry about electricity and data costs as the money gets paid directly into your BTC or ETH at set intervals
etc
 
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YingYang said:
Its pretty easy to calculate how much you should be making, though admittedly I've never bothered :o
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I believe you, but let's say I had enough hashing power to rent out, why would I ?

For example, I have 1T/h capacity, I subdivide the hashing power to people who will be earning more than what they pay, why not use the capacity all for myself ? ...ok, I think I got it :o
 
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etienne_marais said:
Very sharp increase since 8am thins morning, though it did hir 28000+ a couple of days ago.
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It's not the BTC price alone that affects ETH mining profitability on NiceHash. It is the ETH v BTC rate that determines this too, and it seems ETH has hit a small spike this morning.
 
xeslaro said:
It's not the BTC price alone that affects ETH mining profitability on NiceHash. It is the ETH v BTC rate that determines this too, and it seems ETH has hit a small spike this morning.
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Yes yes, I was referring to the exchange rate rather than mining profitability as such. Note sure exactly what Gtx Gaming is mining though, and even if using Nicehash.
 
I am mining eth on nicehash. Very good day for eth mining!

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Gtx Gaming said:
I am mining eth on nicehash. Very good day for eth mining!

577b9ab29cdb34f7ccfff8562713521c.jpg
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That algorithm is not available in Nicehash for me :( Lowly 2GB 1050 can (perhaps) apparently only mine ETH on golddigger which I have not tried (it allegedly splits the DAG in fragments to bypass 2GB limit issue)
 
jacosmit said:
Eina, I have a GTX1060 on it's own :( #PoorMan'sRig

Edit: >> Donations welcome
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Before starting NiceHash miner, select your CPU as well, benchmark it against CryptoNight and only then start mining. An easy (up to) 1$ extra per day. My 4690K is bringing in $0.70 as we speak.

Only hiccup is at times the entire PC freezes...like now...So now I'm not sure if it's still mining and just the screen is frozen or whether its doing nothing. So now I have to wait another 75 minutes for my kids to get home to hard reset it.
 
YingYang said:
Only hiccup is at times the entire PC freezes...like now...So now I'm not sure if it's still mining and just the screen is frozen or whether its doing nothing. So now I have to wait another 75 minutes for my kids to get home to hard reset it.
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Had the same problem, thought it was related to motherboard/CPU overclocking.
 
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