Cryptocurrency Mining

etienne_marais said:
@Pitbull re. question on ethereum rig thread

Have a look at https://www.nicehash.com/?p=calc to compare gpu's & other devices

I think their information is generated from actual devices connecting to their pools & effective hash rates.

Daggerhashimoto is the algorithm for Ethereum, Equihash for zcash, Cryptonight for a range of cryptonote coins (bytecoin BCN, fantomcoin, monero).

Mine is the lowly 1050 (2GB so no ethereum mining, but only 60W to 65W power consumption)
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what sort of R/$ per day does a 1050 give you on Nicehash??
 
Pitbull said:
Thank you Etienne,

Have you been mining a while now? how successful have you been running with the one card?
Think of building a starting rig with 4x GPUs will try and see if I can source RX470s out of Europe, but don't want to pay duties on it :o
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I have been mining since about mid April. Using Nicehashminer brings in 0.03 to 0.04 BTC per month where the 1050 bring in about 70% and cpu mining on fx 8300, 30%. CPU mining is considerably less profitable in relative electricity cost, but still profitable. Effective electricity cost is hard to pinpoint but seems to be about R480 to R550, but we are charged prepaid in our complex at a flat rate of R1.983/kWh
 
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ambroseg1 said:
what sort of R/$ per day does a 1050 give you on Nicehash??
Click to expand...

Instantaneous $/day using Nicehash for 1050 only (at current BTC price) varies between $0.88 to $2.44 per day.

I play around with different miners, algorithms and pools quite a bit (so projected nicehash monthly payouts fluctuate when it has not been consistently running) but using 1050 only, projected Nicehash's monthly is typically $45 to $55

With the recent highs in BTC price, using both 1050 and fx 8300, projected monthly hit $110 at a stage.
 
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etienne_marais said:
Instantaneous $/day using Nicehash for 1050 only (at current BTC price) varies between $0.88 to $2.44 per day.
I play around with different miners, algorithms and pools quite a bit (so projected nicehash monthly payouts fluctuate when it has not been consistently running) but using 1050 only, projected Nicehash's monthly is typically $45 to $55

With the recent surge in BTC, using both 1050 and fx 8300, projected monthly hit $110 at a stage.
Click to expand...

Thanks for the feedback. On other sites, people only seem to be mining with 1070s or RX 470s. Questions about 1050s are simply ignored. I want to try mining with 1050 TIs as I have seen many models that don't require the additional 6 pin power connector thus only drawing a max of 75w.
 
ambroseg1 said:
Thanks for the feedback. On other sites, people only seem to be mining with 1070s or RX 470s. Questions about 1050s are simply ignored. I want to try mining with 1050 TIs as I have seen many models that don't require the additional 6 pin power connector thus only drawing a max of 75w.
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I have actually ordered another 1050 from Wootware as it is on R900 discount, the idea is that the base system without the GPU's are drawing the most electricity and adding more GPU's is more price effective. I think the RX 480 route is best at the moment but don't have the disposable capital and if difficulty does not increase drastically by the time they paid themselves of, 1070's are worthwhile as well (for equihash/zcash).

Prospective miners also have to keep an eye out for what will happen when new GPU's hit the market.
 
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etienne_marais said:
I have actually ordered another 1050 from Wootware as it is on R900 discount, the idea is that the base system without the GPU's are drawing the most electricity and adding more GPU's is more price effective. I think the RX 480 route is best at the moment but don't have the disposable capital and if difficulty does not increase drastically by the time they paid themselves of, 1070's are worthwhile as well (for equihash/zcash).

Prospective miners also have to keep an eye out for what will happen when new GPU's hit the market.
Click to expand...

Saw those too. They were for sale at Takealot.com (*spit*) for +-R1850 on Tuesday, but price was "fixed" Thursday to +-R2250.
 
etienne_marais said:
I have actually ordered another 1050 from Wootware as it is on R900 discount, the idea is that the base system without the GPU's are drawing the most electricity and adding more GPU's is more price effective. I think the RX 480 route is best at the moment but don't have the disposable capital and if difficulty does not increase drastically by the time they paid themselves of, 1070's are worthwhile as well (for equihash/zcash).

Prospective miners also have to keep an eye out for what will happen when new GPU's hit the market.
Click to expand...
EM, please give me a link to the 1050 in question? I'm getting quite gatvol of waiting for the AMD cards, when I get home I'm going to read up a bit on Nvidia optimised miners and depending on how drunk I get I might just pull the trigger.

This morning a guy wanted to sell his year old RX470 to me at R3 800. Madness I tell ya!
 
YingYang said:
EM, please give me a link to the 1050 in question? I'm getting quite gatvol of waiting for the AMD cards, when I get home I'm going to read up a bit on Nvidia optimised miners and depending on how drunk I get I might just pull the trigger.

This morning a guy wanted to sell his year old RX470 to me at R3 800. Madness I tell ya!
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Sounds right price and demand. Leetpro is selling used rx470s for 4000 on his site.
 
YingYang said:
EM, please give me a link to the 1050 in question? I'm getting quite gatvol of waiting for the AMD cards, when I get home I'm going to read up a bit on Nvidia optimised miners and depending on how drunk I get I might just pull the trigger.

This morning a guy wanted to sell his year old RX470 to me at R3 800. Madness I tell ya!
Click to expand...

http://www.wootware.co.za/galax-50n...gb-gddr5-pci-e-3-0-desktop-graphics-card.html

Note that site says 'stock coming soon', it was the same when I ordered but 'confirm availability' checked out positive and they said they will dispatch near early June.

EDIT: Correction, check availability feedback message was: "ETA: 2 June 2017 (Pre-Order Now to Reserve Stock!)"
 
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So basically the 1070's use around 90 watts of electricity, but costs almost twice as much as the 580's which in turn uses 150 watts of electricity.

The 1070's route will be a bigger capital layout initially, but in the long run you will save a lot on your electricity bill if you go the 6 gpu way?
 
I'm still sober, but I've now decided to buy two. I can always get rid of them (given the discount I'm getting now) when the AMD cards start hitting the market again.

I just can't mine with those 2 R9 cards that I have at the moment. They're just heaters, that's it. No profit.
 
Problem with AMD's is keeping them cool. Don't know how they're doing with the newer cards because i switched to Nvidia but the 7970's and 7990 days you could warm up an entire house running them.. they were hideous to keep cold and sucked power to no end.
 
YingYang said:
I'm still sober, but I've now decided to buy two. I can always get rid of them (given the discount I'm getting now) when the AMD cards start hitting the market again.

I just can't mine with those 2 R9 cards that I have at the moment. They're just heaters, that's it. No profit.
Click to expand...

Just remember, no eth mining (unless it is true the goldminer can split the DAG), and equihash does about 120 - 146 h/s average.
 
etienne_marais said:
Just remember, no eth mining (unless it is true the goldminer can split the DAG), and equihash does about 120 - 146 h/s average.
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Yeah, but if I use NiceHash it makes no difference what I mine. I'll still get paid in BTC if I mine using EH, for the time being that will be fine.

Thanks for the link!
 
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