amuldey7749
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- Feb 12, 2021
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I want to start crypto mining on a small scale. Can any one suggest how I can start on small scale and what ll be the requirements for mining.
How I can start mining at home
- Thread starter amuldey7749
- Start date
amuldey7749
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- Feb 12, 2021
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I want to Mine Btc or Dogecoin
jeffro89
Senior Member
- Sep 12, 2015
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You wan to mine BTC @amuldey7749 .. you are about a decade late mate. I was late mining BTC when the Bitmain S5 came out. So forget bout mining BTC.
Nt sure what coin has the best low mining difficulty + decent profit ratio currently.
Last coin i mined was ETH back when it was goin for around £90 a coin.
Dnt think this is the best place to speak to other crypto miners...
Nt sure what coin has the best low mining difficulty + decent profit ratio currently.
Last coin i mined was ETH back when it was goin for around £90 a coin.
Dnt think this is the best place to speak to other crypto miners...
xinase3501
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- Apr 17, 2021
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Forget about mining.. Buy and sell is the only way to profit.. Study Crypto Trading.
amuldey7749
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- Feb 12, 2021
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As per your's suggestion
I ll start crypto trading not mining
I ll start crypto trading not mining
amuldey7749
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- Feb 12, 2021
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Can you suggest which one crypto in best to invest nowdays
Ashway
Power Member
- May 20, 2019
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Of my limited knowledge of crypto i think for long term ETH is best and its relatively safe investment.
xinase3501
Banned - Inappropriate behavior
- Apr 17, 2021
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Read daily shitcoin threads here...
amuldey7749
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- Feb 12, 2021
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Thanks Buddy
- Nov 11, 2018
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Turn on notification for this subforum(cryptocurrency) for new post and for Elon Musk tweets.
infinix69
Registered Member
- Oct 7, 2010
- 50
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If you were to mine ETH on a top-tier RTX 3090 today, you're looking at around $12 - $14/day in earnings. This does NOT include how much you pay for electricity, nor the pool fee, so it is GROSS total. Estimated wattage for a 3090 seems to be 320W for this mining, and with some guesstimate math, assuming a cost of $0.10 per kWh, you're looking at 7.68kWh used in 24hrs, thus making your electrical cost $0.768 for the day.
Mining BTC using a 3090 using "NiceHash" pool, they are suggesting $15.07/day after electrical costs already factored in.
If you were gonna mine on a CPU, mostly its worthless. People say mining Doge is not really feasible either unless you have an ASIC\specialty miner.
See these urls:
1. Nicehash Mining Profitability Calculator -> https://www.nicehash.com/profitability-calculator/
2. WhatToMine (Tells you what is best to mine with your gear for max profit) -> https://whattomine.com/gpus/
3. CryptoCompare (Another nice calculator, but you need to know your Hashing Power first) -> https://www.cryptocompare.com/mining/calculator/btc
Good luck!
Mining BTC using a 3090 using "NiceHash" pool, they are suggesting $15.07/day after electrical costs already factored in.
If you were gonna mine on a CPU, mostly its worthless. People say mining Doge is not really feasible either unless you have an ASIC\specialty miner.
See these urls:
1. Nicehash Mining Profitability Calculator -> https://www.nicehash.com/profitability-calculator/
2. WhatToMine (Tells you what is best to mine with your gear for max profit) -> https://whattomine.com/gpus/
3. CryptoCompare (Another nice calculator, but you need to know your Hashing Power first) -> https://www.cryptocompare.com/mining/calculator/btc
Good luck!
amuldey7749
BANNED
- Feb 12, 2021
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Thanks for your reply
Electricity cost does not matter
I want to know the requirements and step by step procedure for mining
amuldey7749
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- Feb 12, 2021
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I want to start on small scale if that profitable I ll continue
- Nov 11, 2018
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Google it, you will find sofwares that do just that.
Only people who wants you to mine are people who want you to signup via there refereral link or buy mining hardware.
Spend your money and time on crypto trading.
infinix69
Registered Member
- Oct 7, 2010
- 50
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What kind of hardware do you have access to? What graphics card do you have?
The procedure for mining varies depending on the coin, which pool you choose to join, which OS you run, and also whether you are using something like NiceHash or not.
If you know what you're doing, are tech savvy, then I recommend you do some in depth research. You'll need to generate a wallet for whatever blockchain you are targeting, and then you run the mining tool (note, your computer will be unusable the entire time in most cases, unless you significantly throttle and thus earn far less.)
If you just want to start, good things are said about NiceHash QuickMiner -- they have a video on their site and walk you through it. https://www.nicehash.com/
It is probably the 'easiest' way to start and dip your toes in, BUT you won't be making maximum profits.
Here is an article I found (from FEB 2021) on Mining Software benchmarks, for ETH specifically (since ETH is THE most profitable coin to mine these days):
https://2miners.com/blog/best-ethereum-mining-software-for-nvidia-and-amd/
and some other one about miners to take a look at:
https://crypterium.com/news/post/best-ethereum-mining-software
Generally a lot of people use CGMiner (from 2011) and BFGMiner [both are open-source and free.]
Keep in mind though, what others said is true: The REAL explosive monetary gains (or losses) are made by trading -- hopping in during pump and dumps and getting out before the crash OR finding quality coins to invest in EARLY before the masses catch on.
- Mar 22, 2013
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Chia coin? Mining with hard drives. Maybe chrck that.