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NiceHash BitCoin farming - Passive Income Stream

Discussion in 'CryptoCurrency' started by MikeX93, May 31, 2017.

  1. MikeX93

    MikeX93 Newbie

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    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 :)
     
  2. JimR

    JimR Registered Member

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    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
     
  3. MikeX93

    MikeX93 Newbie

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    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.
     
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  4. Grimmmm

    Grimmmm Newbie

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    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).....
     
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  5. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  6. BackY

    BackY Senior Member

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    Why not mine Ethereum, they pay best for gpu minning right now.
     
  7. MikeX93

    MikeX93 Newbie

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    Nicehash usually automatically switches between the best scaling currencies so when Ethereum is superior it automatically starts to farm Ethereum
     
  8. MikeX93

    MikeX93 Newbie

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    Thank you ! I had no idea about that :)
     
  9. MikeX93

    MikeX93 Newbie

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    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.
     
  10. BackY

    BackY Senior Member

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    Oh, that's cool.
     
  11. appytheking

    appytheking BANNED BANNED

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    i think low value crypto is better to mine?
     
  12. onlineonly

    onlineonly Power Member

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    You are losing money mining bitcoin. You can read more about most profitable coins to mine here: https://whattomine.com/
     
  13. MikeX93

    MikeX93 Newbie

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