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Which video card makes mining VIABLE?


onebigindian
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23 minutes ago, onebigindian said:

ie. what you MAKE, fiat-wise, will be MORE than your electricity cost, and hopefully the real estate (rackspace) cost and internet cost? Surely SOMEBODY has done these calculations here?? Will a Nvidia 3090 do it? 80? 70?

Typically does not work like that. Rare occasions it happens for brief periods of time. Almost the entire concept is you are hoping whatever you are mining goes up in price in one form or another. A lot of larger mining farms are operating at nearly breakeven, and some popular ones are selling their mined coins on the spot to pay for power and upkeep. The whole breakdown is a tough one. First would you mine with 1 or 2 gpu's on an already built gaming PC? Or would you start off with a 6-7 GPU rig? Then you start breaking it all down from there. Consider it an expensive hobby until you can figure this info out on your own. Typically can find hashrate of those new GPU's on your own and can calc out what they can do, or you already bought one to test with, or maybe even a truckload. In a way as time goes on, people are going to be less helpful running numbers for other people.

Would I buy a fancy new gaming GPU to solely mine with? Never.

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29 minutes ago, onebigindian said:

ie. what you MAKE, fiat-wise, will be MORE than your electricity cost, and hopefully the real estate (rackspace) cost and internet cost? Surely SOMEBODY has done these calculations here?? Will a Nvidia 3090 do it? 80? 70?

Yes any modern graphics card really, as far as profitability, it doesn't really profitable unless you are investing $xx,xxx+ into a mining operation.

Mining is really at this point starting to somewhat phase out for the smaller miners, big chinese monopolies have been dominating the mining industry for years now (Bitmain) on the Bitcoin side of things. Ethereum is somewhat viable with cards like a 2080/3080/3090 etc. and random PoW hitters or like coins like Denarius that may not be profitable to mine currently but can be good ways to accumulate coins.

A lot of coins now and a lot of people currently stake (Proof of Stake) like with Denarius for example.

I am sure there are some out here that have better mining profitability calculations, but there are lots of sites that also can calculate it for you

https://whattomine.com/

https://www.cryptocompare.com/mining/calculator/

 

 

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1 minute ago, Ghost said:

Yes any modern graphics card really, as far as profitability, it doesn't really profitable unless you are investing $xx,xxx+ into a mining operation.

Mining is really at this point starting to somewhat phase out for the smaller miners, big chinese monopolies have been dominating the mining industry for years now (Bitmain) on the Bitcoin side of things. Ethereum is somewhat viable with cards like a 2080/3080/3090 etc. and random PoW hitters or like coins like Denarius that may not be profitable to mine currently but can be good ways to accumulate coins.

A lot of coins now and a lot of people currently stake (Proof of Stake) like with Denarius for example.

I am sure there are some out here that have better mining profitability calculations, but there are lots of sites that also can calculate it for you

https://whattomine.com/

https://www.cryptocompare.com/mining/calculator/

 

 

Something I left out on my response, which is my favorite reason to mine. You basically have either a solo mined coin that no one has touched before, or you are being paid by a pool and basically the 2nd person to touch the coin. In a way this is as anonymous as you will get with your cryptocurrency. So there is some extra value depending on how you perceive that.

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  • 3 weeks later...
On 11/25/2020 at 2:42 PM, buzzkillb said:

Something I left out on my response, which is my favorite reason to mine. You basically have either a solo mined coin that no one has touched before, or you are being paid by a pool and basically the 2nd person to touch the coin. In a way this is as anonymous as you will get with your cryptocurrency. So there is some extra value depending on how you perceive that.

What's a "solo mined coin"?

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23 hours ago, onebigindian said:

What's a "solo mined coin"?

You can "solo" mine cryptocurrencies, basically by locally mining the crypto rather than mining on a mining pool with others, you have a small small rare chance of possibly solving a block solely with your miner and receiving the entire block reward for the block solved, instead of sharing it with other miners in a mining pool.

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