NiceHash BitCoin farming - Passive Income Stream

[MikeX93]

Hey everyone,

I recently started to mine BitCoin with NiceHash Miner with a GTX 1070 and an i7 6700K and for now I'm doing 5$ a day with this. I'm really looking forward to create a multi-GPU setup to farm at higher speeds.
Anyone else farming CryptoCurrencies in here? What kind of setup are you running? What CryptoCurrencies are you guys farming? Ethereum? ZCash?
Can't wait to hear more from your experience as I'm trying to find as many streams of "Passive Income" as possible

 

[JimR]

Is having a really good GPU crucial to mine bitcoin? I never looked into it but I always figured having more processing power and RAM would be the biggest factors, and nothing related to your GPU

 

[MikeX93]

Is having a really good GPU crucial to mine bitcoin? I never looked into it but I always figured having more processing power and RAM would be the biggest factors, and nothing related to your GPU

Its the GPU that does all the job, the CPU barely does something, RAM won't matter at all, you just need 4 Gigs to keep the system up and running.

 

[Grimmmm]

Processing power?RAM? Don't post shit if you don't know anything about minning rigs...

At $5/day you will be losing money, since you gotta take in the electricity cost, also you need a coolant to operate, otherwise it may crash...

I don't really suggest mining crypto mining, you need to invest like atleast $100-200k to make some good cash on long terms, plus as the price of btc is going up, it's becoming even harder to mine, so you need to upgrade your equipment almost every year.....(taking into consideration that btc goes up strictly on long term)...

If you're really into minning and stuffs, buy an online minning contract from Genesis or some other website that provides the service(Genesis is the best).....

 

[Wilson Grant Fisk]

There is a dedicated Crypto section here https://www.blackhatworld.com/forums/cryptocurrency.218/

 

[BackY]

Why not mine Ethereum, they pay best for gpu minning right now.

 

[MikeX93]

Why not mine Ethereum, they pay best for gpu minning right now.

Nicehash usually automatically switches between the best scaling currencies so when Ethereum is superior it automatically starts to farm Ethereum

 

[MikeX93]

Thank you ! I had no idea about that

 

[MikeX93]

Processing power?RAM? Don't post shit if you don't know anything about minning rigs...

At $5/day you will be losing money, since you gotta take in the electricity cost, also you need a coolant to operate, otherwise it may crash...

I don't really suggest mining crypto mining, you need to invest like atleast $100-200k to make some good cash on long terms, plus as the price of btc is going up, it's becoming even harder to mine, so you need to upgrade your equipment almost every year.....(taking into consideration that btc goes up strictly on long term)...

If you're really into minning and stuffs, buy an online minning contract from Genesis or some other website that provides the service(Genesis is the best).....

You should read more about Ethereum and ZCash farming on GPU's, people with multi-GPU setups are doing great, plus electricity is really cheap in my country.

 

[BackY]

Nicehash usually automatically switches between the best scaling currencies so when Ethereum is superior it automatically starts to farm Ethereum

Oh, that's cool.

 

[appytheking]

i think low value crypto is better to mine?

 

[onlineonly]

Hey everyone,

I recently started to mine BitCoin with NiceHash Miner with a GTX 1070 and an i7 6700K and for now I'm doing 5$ a day with this. I'm really looking forward to create a multi-GPU setup to farm at higher speeds.
Anyone else farming CryptoCurrencies in here? What kind of setup are you running? What CryptoCurrencies are you guys farming? Ethereum? ZCash?
Can't wait to hear more from your experience as I'm trying to find as many streams of "Passive Income" as possible

You are losing money mining bitcoin. You can read more about most profitable coins to mine here: https://whattomine.com/

 

[MikeX93]

You are losing money mining bitcoin.

I am farming Ethereum, Litecoin, LBRY and ZCash (the software is already focusing on the most profitable cryptocurrencies)

 

[domyhd]

rip

 

[DigitalAdvanced]

You should read more about Ethereum and ZCash farming on GPU's, people with multi-GPU setups are doing great, plus electricity is really cheap in my country.

Just curious, what country do you live in?