#Nvidia gpu zcash miner reddit how to#
#Nvidia gpu zcash miner reddit Pc#

The neat thing about CryptoNight is that you can also still mine it with CPUs. Keep in mind that AMD cards outperform Nvidia cards for Ethereum mining purposes on the Ethash algorithm and the CryptoNight algorithm (used to mine Monero). These figures will change based on when you run this analysis, but for the purposes of this example, we would net roughly $1 per day per GPU, depending on the model and configuration.Įxperimentation with various GPU selections in the calculator will reveal a card with the best price-to-performance-to-power consumption combination (expressed as MH/s per currency unit). Next, click CryptoNight (highlighted in blue) so it will calculate according to the right algorithm.įinally, click ‘calculate’ and you’ll see the following hashing and profitability info: Start out by filling in your cards’ details up at the top row and click on the GPU model number (e.g. Calculating Monero Mining Profitabilityīefore we get into the details of Monero mining, we need to perform some economic calculations.įirst, head over to, which provides up-to-date figures for the current price, block time, and network hash rate (as measured in kilohashes per second-or KH/s-denoting thousands of calculations per second). So, allowing your gear to earn money and selling that gear when your target is reached can potentially allow you to make your money back on the gear itself and pocket the crypto generated as profit.ģ. GPUs purchased for mining in 20 were often sold at a profit in 2017 due to the high demand in the market at that time. However, buying gear and mining cryptocurrency with it allows you to have an income-producing asset in the gear itself, with aftermarket resale values holding very well and even appreciating. Meaning they’re buying high (during parabolic price increases) and selling low (during normal price corrections on continued upward trends). Mining crypto and holding it is similar to the old adage of buying low and selling high-except that most buyers don’t understand technical analysis and do this at the wrong times. In general, mining may allow you to take advantage of price appreciation in the future-but with less risk than just buying. This can lead to lower temperatures when heat output is a concern (yes, I deployed too many cards in a closed space once too!) and should also contribute to longer GPU card lifecycles. XMR can also be traded directly for fiat on some major exchanges.Īnd last but definitely not least, Mining XMR, which is based on the CryptoNote algorithm, uses less electricity than both Ethash Dagger Hashimoto coins (Ethereum, Ethereum Classic, UBQ) and Equihash coins (Zcash, Zencash, Hush). It’s a cheap way to slowly build up a holding position in Bitcoin.Īdditionally, BTC can be easily sold for cash, so mining XMR can be a good way to indirectly fill up your bank account or earn cash. Second, Monero is easily traded for bitcoins (BTC). Here are some good reasons to mine Monero:įirst, mining can be a great way to subsidize the purchase of a new, high-end GPU (or two, or three…). If you want a more detailed explanation about each step keep on reading, here’s what I’ll cover:ĭon’t like to read? Watch the video version of this guide: I know it sounds extremely simple, but that’s really all there is to it. Step 2 – Tweak your computer to maximize mining results Here’s a quick guide to mine Monero with your GPU or CPU:

#Nvidia gpu zcash miner reddit how to#

This post will describe how to get started with Monero mining instantly.

#Nvidia gpu zcash miner reddit Pc#

Even better – you can still mine Monero with CPU, so your Mac or PC can actually earn you coins as well. Similar to Zcash mining and Ethereum mining, Monero mining (aka XMR mining) is very simple.