110 dollars in less than a month, I was a little curious as I still had yet to buy my second one. As of right now I have 2 R9 bitcoin forum guiminer which I bought for gaming, but I have heard that this price spike was because the cards were extremely popular for bitcoin miners.
Not with bitcoins but it can be with litecoins. The amount you’ll spend in electricity to power your rig will vastly exceed anything you reap from mining. The difficulty factor has risen so high that GPU mining hasn’t been feasible for quite some time now. The price rise is from litecoin mining not bitcoins. 10 a day since you won’t pay for electricity. If you want to try it’s not even difficult to get into.
Just sign up for a pool, get mining software like guiminer and start it up. Please read the entire paragraph if you’re going to post a response. This response is pretty much exactly what I was trying to exclude with my wording. I know the general consensus on bitcoin GPU mining is don’t bother, I posted this because my situation is different than most. I actually am now mining bitcoins as we speak, and I really appreciate the response. 10 a day would sure as hell be a nice bonus.
Is litecoin mining much different than bitcoin? Do you think you could give me a quick rundown on what I would need to do to start litecoin mining or link me an article that outlines it? I’ve only used guiminer and simply switching pool would change what coins are being mined. I just answered a different thread and gave a picture of what I make in a week. This is big-free electricity-plugged into power at my work, enables me to deduct costs due to the fact that its an expense and I own the business. You may want to start an LLC so you can deduct this expense.
Sorry just read that you have free power so this can be a money maker for you. Dont let the above deter you. This is an extremely fun hobby and can be very rewarding. Oh and you should not mine BTCs you should mine alt coins to sell for BTCs. That is the only way to make BTCs through GPU mining that is still profitable. Get into a pool that mines multiple coins.
The pool mines whatever coin will get the most BTC when sold at that instant in time. Then when you have at least 1 coin send it to an exchange to sell. This is all done automatically once you setup your parameters and payout addresses in the pool. Check out the link for an explanation of how much you can make.
It all depends on your hash rate and the difficulty so how much you make changes everyday. This is not a valid email. 110 dollars in less than a month, I was a little curious as I still had yet to buy my second one. As of right now I have 2 R9 280Xs which I bought for gaming, but I have heard that this price spike was because the cards were extremely popular for bitcoin miners.