New to crypto. Can I use hardware I have laying around?

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matt167

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I have had Minergate on my computer for a while but could not prove earnings so I have not done anything. After realizing my GTX 1060 6gb in m sig rig was worth $50-100 more than I paid. I had to try out mining since I have zero invested at this point. There is no ROI for me as I bought the card for gaming and the computer was dirt cheap..

Now I have been running minergate for a few hours. I'm getting about 630 K/hs and it says $3.50-4 per day fluctuating. So it's working and the wallet is showing a balance. Actually as it switches algorithms things change a little but it's working well.

Now this has me thinking, I have an old C2D Dell Optiplex which is on 24/7 as a SD plex server. A GTX 1050 TI mini will fit in that box. Would running that box with a 1050 TI in it do anything for me? I could put the same 1050 TI in this box by re arranging stuff but it would get hot I'm sure. Another box I have is an old AMD X3 build with 8gb of ram and I have a Radeon HD7790 that could go in it but I'm not sure a 7790 will do anything. I can try to buy a 1070 TI FE as a main gaming card for my main box and mine/ game on it just as the 1060 does now and then use the 1060 in the spare X3 box I have and mine them both.

I want to keep the investment as close to zero as possible, but right now I'm running pure profit minus power since the 1060 was not bought for making money. A 1070 TI would extend my gaming performance into next gen titles. IF I can get one at MSRP
 
yes you can mine with a 1050ti.

just use one motherboard for both gpus, take it out of the case if you have to.

you won't be able to buy at msrp for awhile, maybe 2 or 3 months.
 
Grooves.land has the 1050 Zotac mini's at $150 in stock. Non TI but 200% of MSRP for the TI is probably too much for ROI since it's a card I wouldn't buy otherwise. Where If I could snag a 1070 TI FE off Nvidia website since there is a slight chance, it's actually a card I might buy anyway for gaming not just for mining.
 
just don't bother buying anything for mining right now. Use what parts you have now. Use nicehash legacy miner's benchmark to quickly estimate speeds and either keep using them or jump to mininpoolhub + awesomeminer.
 
Nicehash Legacy miner is your best bet.
Very beginner friendly, only thing to keep in mind is to use their internal wallet as external payments start at 0.1 BTC and if you are mining at $3-5 a day...that could take forever.
 
I'm using the regular Nicehash miner and their wallet. Is there any reason to switch to legacy? It is saying that my average payout/ est payout is around $4 per day on the Nicehash site and the payout date has gone back 2 days since I started mining around 3 PM today so it's doing well.

Is it worth CPU mining too? My X5670 was doing about 120 H/s on 4 cores with miner gate
 
matt167 said:
I'm using the regular Nicehash miner and their wallet. Is there any reason to switch to legacy? It is saying that my average payout/ est payout is around $4 per day on the Nicehash site and the payout date has gone back 2 days since I started mining around 3 PM today so it's doing well.

Is it worth CPU mining too? My X5670 was doing about 120 H/s on 4 cores with miner gate
Click to expand...
Legacy has algorithms that the regular nicehash doesn't. Algorithms that are particularly profitable for Nvidia cards. Like nist5.
 
Domingow said:
Nicehash Legacy miner is your best bet.
Very beginner friendly, only thing to keep in mind is to use their internal wallet as external payments start at 0.1 BTC and if you are mining at $3-5 a day...that could take forever.
Click to expand...

After the hack at nicehash WHY would you tell anyone to use them any more.. man people are suckers for punishment..
 
That's why I plan to not keep anything in the wallet and transfer everything to Coinbase. Most I'll loose is $20 but it seems to be working good now. If I can get a better system for sure I'll use it
 
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MrGuvernment said:
After the hack at nicehash WHY would you tell anyone to use them any more.. man people are suckers for punishment..
Click to expand...
for basic benchmarking the app is actually the best but yeah anybody saying nicehash should make sure they can yank the money out to coinbase every single morning or just use MPH.
 
MrGuvernment said:
After the hack at nicehash WHY would you tell anyone to use them any more.. man people are suckers for punishment..
Click to expand...

1. On average, it's the most consistently profitable option available.
2. It's dead stupid easy to setup.
3. You can pull your coins out to Coinbase every 0.001 BTC for 0 fees.
 
Parja said:
1. On average, it's the most consistently profitable option available.
2. It's dead stupid easy to setup.
3. You can pull your coins out to Coinbase every 0.001 BTC for 0 fees.
Click to expand...

The wankers upped it to .002
 
So here is what I have/ thinking. My old gaming box has an XFX pro 650W power supply, AMD x3 445 Rana processor on a Biostar A770E3 board with 8gb of RAM and a 400 GB IDE drive ( was an old secondary, drive I can't use in anything newer ). My Radeon 7790 is sitting idle. If it will hash something decent it might be worth lighting it up. My question is, the board has 2 1x slots and a 16x slot. Can I for sure run 3 cards on powered risers? I know the PSU is enough for 3 moderate power cards. It was rated for SLI and Crossfire and has 2 6 pin connectors.

what other cards could I pair the 7790 with? If this is all worth it. I would want $~6-8 per day if it's going to run. Since a single 1060 6gb I know will do $3.00 on nicehash that shouldn't be that hard
 
7790 will barely crunch much at all so I'm not sure how much it'll be $ gained vs $ for power. But if you have the system up and running already for the other hardware, go ahead and give it a whirl. I'd be making sure to figure out how much you can undervolt/downclock the 7790 though
 
sorry for hijacking your thread but I was wondering...I have 2 6970 and 2 7970 and a Fury X sitting in a box doing nothing,,,,,would it be profitable to put them to work?
 
Yes. Not huge (maybe the Fury will do okay), but unless you're in a high kWh area, you should turn a modest profit.
 
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does X1 pcie slots limit the outcome ? because I think the Z87 asus board I have laying around has 1 or 2 of those?

and these 7970 are huge....3 slot minimum so I presume I will need risers? Recommendations plz
 
Any of the rig setups use 1x PCIE. Look at the mining motherboards for example. cards use more than 1 lane for latency issues, They compute just fine. And 1 riser per card
 
matt167 said:
So here is what I have/ thinking. My old gaming box has an XFX pro 650W power supply, AMD x3 445 Rana processor on a Biostar A770E3 board with 8gb of RAM and a 400 GB IDE drive ( was an old secondary, drive I can't use in anything newer ). My Radeon 7790 is sitting idle. If it will hash something decent it might be worth lighting it up. My question is, the board has 2 1x slots and a 16x slot. Can I for sure run 3 cards on powered risers? I know the PSU is enough for 3 moderate power cards. It was rated for SLI and Crossfire and has 2 6 pin connectors.

what other cards could I pair the 7790 with? If this is all worth it. I would want $~6-8 per day if it's going to run. Since a single 1060 6gb I know will do $3.00 on nicehash that shouldn't be that hard
Click to expand...

If you have all this laying around, I'd say just try!
 
Bought a radeon R9 270X off Ebay cheap enough. Read it's supposed to do $2.50-3 per day + power. But given that I'm running my gaming rig's 1060 which I consider paid off at a nice profit right now, I'll ROI very quick.. I'll run the 1060 till I hit ROI next month or so
 
I have a 1070 that sits around doing nothing most of the time. Is there a beginner guide for someone like me that is starting from scratch?
 
go to nicehash.com, download Nicehash miner or legacy miner. Run the program, benchmark your card and start mining... Oh and you'll have to set up a nicehash wallet account plus you'll want to enable F2A with google Authenticator
 
? I just installed it and running benchmark. I have my bc address now too. What next? It appears to be mining. Not very effectively. $3/day is what it shows. Does that sound right? Is the ryzen 1700 able to mine?
 
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set up the F2A security, start mining and see what it'll do.

F2A is a security authentication that many sites use. For their login, it uses google authenticator which you can get for Android/ IOS and once you link it to the account you want, it gives you a PIN number that changes every time you log in to the site. . Once you log in just hit settings and you'll find it.
 
optional, but NH was hacked last month "stealing all" coins and 2FA is your only hope of it not happening again to your coins. you've been warned.
 
Didn’t reAlize. 1050 ti can earn up to $60 a month. I would have kept the one I had.
 
cpuspeed said:
optional, but NH was hacked last month "stealing all" coins and 2FA is your only hope of it not happening again to your coins. you've been warned.
Click to expand...

2FA was completely irrelevant to the fake "hack" last month, where the owners carried out one big profit take on their operating float (accumulated fees + accumulated BTC deposits from buyers + unpaid mining BTC) -- they did it simply because they could, and because they were fairly sure there would be no repercussions. Just 10 days of contrived downtime and everyone would just come back. Which is exactly what happened.

Besides, the internal NH "wallet" is nothing more than an internal IOU indicating "we owe you this amount of BTC". It's not real BTC, its not on the blockchain. So there's nothing to "steal" there since its simply a pointer.
 
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matt167 said:
I'm using the regular Nicehash miner and their wallet. Is there any reason to switch to legacy? It is saying that my average payout/ est payout is around $4 per day on the Nicehash site and the payout date has gone back 2 days since I started mining around 3 PM today so it's doing well.

Is it worth CPU mining too? My X5670 was doing about 120 H/s on 4 cores with miner gate
Click to expand...
amd card support regular version does not run amd cards
the 7790 will make money too...
 
Lunas said:
amd card support regular version does not run amd cards
the 7790 will make money too...
Click to expand...
Yeah, it's running NHML and is getting 170-200 h/s in Cryptonight. $.50-1.00 per day depending on the day. Does not take much power so I leave it running.

odditory said:
2FA was completely irrelevant to the fake "hack" last month.
Click to expand...

Yeah, the biggest security is withdrawing funds every .002 BTC from NH to Coinbase and keeping Nicehash wallet as close to zero balance as possible.
 
odditory said:
2FA was completely irrelevant to the fake "hack" last month, where the owners carried out one big profit take on their operating float (accumulated fees + accumulated BTC deposits from buyers + unpaid mining BTC) -- they did it simply because they could, and because they were fairly sure there would be no repercussions. Just 10 days of contrived downtime and everyone would just come back. Which is exactly what happened.

Besides, the internal NH "BTC wallet" is completely fictitious in that its not actually BTC meaning not actually being on the blockchain - it's nothing more than an internal IOU.
Click to expand...

I put quotes around the stealing part for a reason. also I don't think they had 2FA on withdrawls back then. I think that would have changed things or at least they would have to come up with better BS of how all their clients balances got moved to an external address.
 
matt167 said:
Yeah, it's running NHML and is getting 170-200 h/s in Cryptonight. $.50-1.00 per day depending on the day. Does not take much power so I leave it running.



Yeah, the biggest security is withdrawing funds every .002 BTC from NH to Coinbase and keeping Nicehash wallet as close to zero balance as possible.
Click to expand...

their wallet got hacked where they stored all of the currency to be sent to us it was done by someone who hacked into a remote terminal they have made statements they will be paying everyone who had a balance that was taken (i got 10 dollars in btc taken from me) in all likely hood they are waiting till the now much higher fees gather them the btc to do the repayment...

yeah i miss when they favored just using their wallet. needing a coinbase account sucks...

Minergate after using them for a while while nicehash was down i suddenly had an account on one of the exchanges they use opened using my email and the location it was done in was turkey i live in the US so someone in turkey used my email to make a hitbtc account...

as i have used both my experiences are i made more money faster on nicehash than on minergate... nicehash has a better interface and all around seems better. Minergate has the benefit of being able to be paid in what ever coin they had you mine...
 
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