Post
Topic
Board Mining (Altcoins)
Re: I'm glad I didn't buy any more video cards, a 1080ti barley makes $1 a day
by
HashAuger
on 20/03/2018, 07:30:31 UTC

Check today on Nicehash, 1080ti's are only making $1.87 or so each BEFORE power consumption, and only around $1.25 or so after subtracting power costs:

https://www.nicehash.com/profitability-calculator#nvidia-gtx-1080-ti;USD;0.1;1;250;0;a5=1275;a7=71.615;a8=1.88;a14=60;a20=35;a21=4.6;a22=0.76;a23=0.47;a24=630;a25=1.76;a26=16.2;a27=2.96;a28=6.978

And to answer the other persons question about how you mine for BTC with GPUs - Easy. Instead of mining at a specific altcoin pool, start mining at nicehash.com. Their mining software will mine the most profitable coin in realtime and will automatically convert the payments to BTC rather than paying out in whatever altcoins your miner is mining. The reason for this is since Nicehash charges BTC for everyone renting the hashpower on their site. You'd be hard pressed to find profits better than nicehash since they resell the hashing power to others at a profit, which equates to higher profits for you.

NiceHash sometimes has good prices and sometimes they don't, especially for algorithms that run best on cards like the 1080ti.  As you explained, NiceHash is a marketplace. The earnings that miners receive are dependent on the prices that buyers are willing to pay for that hashing power. Recently, buyers have favored the Dagger/Ethash algorithm that runs better on cards like the 1070/1070ti than the 1080/1080ti, making NiceHash less profitable for miners with the 1080s.

Also, NiceHash doesn't pass the profits it makes from selling hash rate to buyers to the miners - that is Nicehash's fee for providing the service and how it makes its money. Since buyers want to make as much profit as possible from their purchased hash rate, they often bid as low as possible for that hash power.  So there will be times when miners can find more profitable coins to mine on other pools that will also convert their earnings to BTC.  While my personal daily earnings have fallen with the rest of the market, I still earn at least a dollar more per day on each of my 1080tis than what Nicehash is currently offering.