Check out The best budget graphics card: In the first half of July, a seven-day mining experiment was released on BitcoinMinersHashrate. In it, three computers with different video cards tried to find out whether mining of cryptocurrencies is really profitable today. The answer was yes, but these were more expensive GPUs. Will success be repeated if you take simpler video cards? The verdict will announce a new test – this time with five participants.
In fact, everyone can understand mining. The main thing is to be able to correctly search for the necessary information. One of the best mining sites 2bitoins.ru has written an excellent article for beginners that will help you understand the basics and join this amazing and very promising world.
New mining experiment
The rules for the new trial are the same as the previous ones. So if you have not yet had time to get acquainted with the previous experiment, we recommend that you do it.
And if you have already, but have forgotten, we remind you. We take five computers with different video cards. These are Nvidia GeForce GTX 1050 ti, AMD Radeon RX470, AMD Radeon RX570, AMD Radeon RX480 and AMD Radeon RX580. Models are inexpensive, on the same Avito they will ask for a card already in use from 6 thousand rubles.
For each video card, we select the most profitable coin for mining using the 2CryptoCalc calculator. But then everything is even easier: we connect computers to the 2Miners pool and forget about them for a week. In the end, we count and share the final profit along with the conclusions.
Mining on Nvidia GeForce GTX 1050 ti
Let’s start with the GTX 1050 ti, as it is the only green graphics card – that is, from Nvidia – in this experiment. Our model has 4 GB of memory, which is enough for mining many coins. Mining profitability calculator 2CryptoCalc will help you choose the one you need.
He knows how much mining each cryptocurrency brings at the moment. Taking this into account, the calculator suggests which coin to choose in order to get as much money as possible. If anything, these are all predictions. It is still impossible to look into the future.
So, go to 2CryptoCalc and move on to choosing a cryptocurrency. To do this, you need to enter a hash rate – that is, the performance of the video card. For the GTX 1050 ti, the calculator advised us to dig ZelCash.
By the way, if you have never had a chance to mine, and the phrase “mining of cryptocurrencies” makes your knees tremble, watch this video. Mining is much easier than it is talked about.
Projected profit for mining ZelCash on Nvidia
The cryptocurrency has been selected – it remains to find out how much it will be possible to earn on it. For this we also use 2CryptoCalc, but this time specifically for ZelCash. For the week, the calculator predicts $ 2.39 in ZEL equivalent income.
We also fixed the course. At the start of the experiment on July 22, it was 12.50 cents, and a week later it was equal to 14.05 cents.
Real profit of mining on Nvidia GTX 1050 ti
After fixing all the current and forecast indicators, we switched to the 2Miners pool and started mining. The mining of ZelCash lasted exactly a week – this is also confirmed by the open statistics of our video card.
For seven days of work, the computer brought 16.57259 ZEL or $ 2.328. This is quite a bit lower than the predicted result, so we agree with the result and move on to calculating costs.
How much did the electricity consume?
The main expense in mining is electricity. Our Nvidia GeForce GTX 1050 ti computer was using 130 watts per hour, which is 21.84 kWh per week. And since the average tariff in Moscow and St. Petersburg is 4 rubles per kilowatt * hour, for seven days of computer operation we will pay 87.36 rubles or 1.38 dollars. It remains to deduct expenses from income and get a net profit.
Bottom line: The Nvidia GeForce GTX 1050 ti brought us $ 0.948 in a week.
If you are disappointed with this amount, it is worth remembering the important little things.
- The GeForce GTX 1050 ti graphics card is inexpensive. It doesn’t have to make millions;
- For the year, the profit will be $ 49.29 – and this is already some kind of money.
- The cryptocurrency rate may rise, which will have a positive effect on revenue.
- Farm hash rates and electricity costs are growing disproportionately. A computer with a GTX 1050 ti spends 130 watts per hour, of which 80 watts is consumed by the video card, and the remaining 50 watts goes to the motherboard, memory, and so on. If we put in two GTX 1050 ti cards, the performance will double and the electricity consumption will increase by about 60 percent. If four: the hash rate will quadruple, and the cost will triple. Etc.
Mining on AMD Radeon RX470
There are four video cards left, with which we did the same. The first in line is the Radeon RX470. Note that the “red” video cards – that is from AMD – better cope with Ethereum and Ethereum Classic. Usually these cryptocurrencies are mined on them.
Let’s check the theory in practice. We go to 2CryptoCalc and do the already familiar operation. The result is not surprising – the calculator advises mining Ethereum Classic.
Profit from mining on AMD Radeon RX470
Now let’s fix how much money mining cryptocurrency can bring during the week. 2CryptoCalc predicts $ 3.81.
And the actual course at the beginning of the experiment.
How much AMD Radeon RX470 earned
This time the result lags behind the predicted one. The RX470 earned 0.55406 or $ 3.32. The statistics are available here.
There are two reasons for the lag of real results from the predicted ones. First, the cryptocurrency rate fell: in a week it dropped from $ 6.45 per Ethereum Classic (ETC) coin to $ 6. Secondly, during the experiment, the complexity of mining increased – from 115.06 T to 123.34 T. This means that there were more miners in the network, and we got a proportionally smaller piece of the profit pie.
How much did you spend on electricity
Our AMD RX470 computer was using 165 watts per hour. For a week, this is 27.72 kWh, which will cost 110.88 rubles or 1.75 dollars.
Bottom line: AMD’s Radeon RX470 brought us $ 1.57 in a week.
For a year, that’s a nice $ 82. In addition, as we have already found out, the complexity of mining is constantly changing. If we are lucky and it will be easier to mine, we will earn even more.
Mining of AMD Radeon RX570
The next participant is a computer with an RX570. The video card is very similar to the RX470, so the calculator will most likely also advise you to mine Ethereum Classic.
This is true. ETC should generate about 59 cents in revenue per day of work.
Radeon RX570 Predicted Profit
We chose the cryptocurrency, it remains to find out the forecast for the week. Go to 2CryptoCalc again and repeat the operation.
The calculator advises you to expect the equivalent of $ 4.07. This is a good result. Especially considering that mining is passive income.
Real profit of mining on RX570
A week later, the computer earned 0.60282 ETC or 3.61 dollars, see the statistics here.
The result is again lower than predicted, but the explanation is the same. The exchange rate has dropped and the complexity has grown – hence the decline in earnings.
How much did you spend on light
The final touch before calculating profits is accounting for electricity costs. Our RX570 computer ate 160 watts per hour of operation. As a result, the week consumed 26.88 kWh, which is 107.52 rubles or 1.70 dollars.
Bottom line: AMD’s Radeon RX570 brought us $ 1.91 in a week.
A year later, the amount will turn into $ 100 – and this is enough for one more card. By the way, if you do not waste time, during this period you can learn how to reduce the power consumption of the video card and earn more. Miners with experience achieve a 20-30 percent increase in profits only by adjusting the consumption of the card.
Mining of AMD Radeon RX480
Another red graphics card that shows its potential in working with Ethereum Classic. 2CryptoCalc did not disappoint here either – we will mine ETC.
Mining profit forecast for RX480
It’s time to lock in the possible profit. The calculator promises $ 4.18 per week. Although the result will obviously be lower – just like with other AMD cards in this experiment.
How much AMD Radeon RX480 brings
A week of mining on RX480 brought 0.60034 ETC or $ 3.60. Why below? The same factors affected: a decline in the rate of cryptocurrency and an increase in the complexity of mining. We check the statistics for the miner by the link.
Electricity costs
A computer with an RX480 spends more – 180 watts per hour of operation or 30.24 kWh per week. This is the equivalent of 120.96 rubles or 1.91 dollars.
Bottom line: AMD’s Radeon RX480 brought us $ 1.69 in a week.
It is 88 dollars or 5580 rubles per year. The amount is enough to buy one more video card. With it, mining will start bringing in twice as much money.
Mining on AMD Radeon RX580
The latest contender is the RX580. 2CryptoCalc also recommends giving the video card to the ETC pool from 2Miners. Great choice.
Projected mining income
A week of mining Ethereum Classic with the RX580 will generate $ 4.27 in revenue. Although, taking into account everything that happened with ETC, we will probably get less in a week.
Real income with the Radeon RX580
Intuition did not disappoint: our computer with RX580 inside earned 0.58615 ETC or 3.5169 dollars per week. The statistics are here, but let’s not forget about electricity.
Electricity costs in mining
RX580 repeats the result of RX480 – 180 watts per hour of operation. These are the same 120.96 rubles or 1.91 dollars of expenses per week.
Bottom line: AMD’s Radeon RX580 brought us $ 1.60 in a week.
Or $ 83 a year. We remind you that we will receive this amount simply for the work of the computer. You don’t have to participate in the mining process. The fact that such a prospect is at least worth thinking about.
As a convincing argument, we offer a video on the launch of Ethereum Classic mining.
General results of the experiment
Now let’s remember all the participants and their results for the week.
- GeForce GTX 1050 ti – $ 0.948;
- AMD Radeon RX470 – $ 1.57
- AMD Radeon RX570 – $ 1.91
- AMD Radeon RX480 – $ 1.69
- AMD Radeon RX580 – $ 1.60
The time to mine has come
2019 has become a kind of thaw for the cryptocurrency market. Bitcoin even briefly rose above $ 13,000, which triggered a jump in other coins. In other words, now experts are betting on a new growth cycle rather than a fall.
This is supported by the entry into the niche of institutional – that is, very large – investors. In addition, new tools for investing in cryptocurrencies are emerging. For example, in the second half of July, the start of testing Bitcoin futures from the world famous Bakkt platform took place.
Development is in full swing, so our task is not to miss the right moment. Although any miner will surely tell you that this moment was yesterday.
Check out the Telegram chat about cryptocurrencies. We will discuss all questions there.
In the first half of July, a seven-day mining experiment was released on Hi-News. In it, three computers with different video cards tried to find out whether mining of cryptocurrencies is really profitable today. The answer was yes, but these were more expensive GPUs. Will success be repeated if you take simpler video cards? The verdict will announce a new test – this time with five participants.
In fact, everyone can understand mining. The main thing is to be able to correctly search for the necessary information. One of the best mining sites 2bitoins.ru has written an excellent article for beginners that will help you understand the basics and join this amazing and very promising world.
New mining experiment
The rules for the new trial are the same as the previous ones. So if you have not yet had time to get acquainted with the previous experiment, we recommend that you do it.
And if you have already, but have forgotten, we remind you. We take five computers with different video cards. These are Nvidia GeForce GTX 1050 ti, AMD Radeon RX470, AMD Radeon RX570, AMD Radeon RX480 and AMD Radeon RX580. Models are inexpensive, on the same Avito they will ask for a card already in use from 6 thousand rubles.
For each video card, we select the most profitable coin for mining using the 2CryptoCalc calculator. But then everything is even easier: we connect computers to the 2Miners pool and forget about them for a week. In the end, we count and share the final profit along with the conclusions.
Mining on Nvidia GeForce GTX 1050 ti
Let’s start with the GTX 1050 ti, as it is the only green graphics card – that is, from Nvidia – in this experiment. Our model has 4 GB of memory, which is enough for mining many coins. Mining profitability calculator 2CryptoCalc will help you choose the one you need.
He knows how much mining each cryptocurrency brings at the moment. Taking this into account, the calculator suggests which coin to choose in order to get as much money as possible. If anything, these are all predictions. It is still impossible to look into the future.
So, go to 2CryptoCalc and move on to choosing a cryptocurrency. To do this, you need to enter a hash rate – that is, the performance of the video card. For the GTX 1050 ti, the calculator advised us to dig ZelCash.
By the way, if you have never had a chance to mine, and the phrase “mining of cryptocurrencies” makes your knees tremble, watch this video. Mining is much easier than it is talked about.
Projected profit for mining ZelCash on Nvidia
The cryptocurrency has been selected – it remains to find out how much it will be possible to earn on it. For this we also use 2CryptoCalc, but this time specifically for ZelCash. For the week, the calculator predicts $ 2.39 in ZEL equivalent income.
We also fixed the course. At the start of the experiment on July 22, it was 12.50 cents, and a week later it was equal to 14.05 cents.
Real profit of mining on Nvidia GTX 1050 ti
After fixing all the current and forecast indicators, we switched to the 2Miners pool and started mining. The mining of ZelCash lasted exactly a week – this is also confirmed by the open statistics of our video card.
For seven days of work, the computer brought 16.57259 ZEL or $ 2.328. This is quite a bit lower than the predicted result, so we agree with the result and move on to calculating costs.
How much did the electricity consume?
The main expense in mining is electricity. Our Nvidia GeForce GTX 1050 ti computer was using 130 watts per hour, which is 21.84 kWh per week. And since the average tariff in Moscow and St. Petersburg is 4 rubles per kilowatt * hour, for seven days of computer operation we will pay 87.36 rubles or 1.38 dollars. It remains to deduct expenses from income and get a net profit.
Bottom line: The Nvidia GeForce GTX 1050 ti brought us $ 0.948 in a week.
If you are disappointed with this amount, it is worth remembering the important little things.
- The GeForce GTX 1050 ti graphics card is inexpensive. It doesn’t have to make millions;
- For the year, the profit will be $ 49.29 – and this is already some kind of money.
- The cryptocurrency rate may rise, which will have a positive effect on revenue.
- Farm hash rates and electricity costs are growing disproportionately. A computer with a GTX 1050 ti spends 130 watts per hour, of which 80 watts is consumed by the video card, and the remaining 50 watts goes to the motherboard, memory, and so on. If we put in two GTX 1050 ti cards, the performance will double and the electricity consumption will increase by about 60 percent. If four: the hash rate will quadruple, and the cost will triple. Etc.
Mining on AMD Radeon RX470
There are four video cards left, with which we did the same. The first in line is the Radeon RX470. Note that the “red” video cards – that is from AMD – better cope with Ethereum and Ethereum Classic. Usually these cryptocurrencies are mined on them.
Let’s check the theory in practice. We go to 2CryptoCalc and do the already familiar operation. The result is not surprising – the calculator advises mining Ethereum Classic.
Profit from mining on AMD Radeon RX470
Now let’s fix how much money mining cryptocurrency can bring during the week. 2CryptoCalc predicts $ 3.81.
And the actual course at the beginning of the experiment.
How much AMD Radeon RX470 earned
This time the result lags behind the predicted one. The RX470 earned 0.55406 or $ 3.32. The statistics are available here.
There are two reasons for the lag of real results from the predicted ones. First, the cryptocurrency rate fell: in a week it dropped from $ 6.45 per Ethereum Classic (ETC) coin to $ 6. Secondly, during the experiment, the complexity of mining increased – from 115.06 T to 123.34 T. This means that there were more miners in the network, and we got a proportionally smaller piece of the profit pie.
How much did you spend on electricity
Our AMD RX470 computer was using 165 watts per hour. For a week, this is 27.72 kWh, which will cost 110.88 rubles or 1.75 dollars.
Bottom line: AMD’s Radeon RX470 brought us $ 1.57 in a week.
For a year, that’s a nice $ 82. In addition, as we have already found out, the complexity of mining is constantly changing. If we are lucky and it will be easier to mine, we will earn even more.
Mining of AMD Radeon RX570
The next participant is a computer with an RX570. The video card is very similar to the RX470, so the calculator will most likely also advise you to mine Ethereum Classic.
This is true. ETC should generate about 59 cents in revenue per day of work.
Radeon RX570 Predicted Profit
We chose the cryptocurrency, it remains to find out the forecast for the week. Go to 2CryptoCalc again and repeat the operation.
The calculator advises you to expect the equivalent of $ 4.07. This is a good result. Especially considering that mining is passive income.
Real profit of mining on RX570
A week later, the computer earned 0.60282 ETC or 3.61 dollars, see the statistics here.
The result is again lower than predicted, but the explanation is the same. The exchange rate has dropped and the complexity has grown – hence the decline in earnings.
How much did you spend on light
The final touch before calculating profits is accounting for electricity costs. Our RX570 computer ate 160 watts per hour of operation. As a result, the week consumed 26.88 kWh, which is 107.52 rubles or 1.70 dollars.
Bottom line: AMD’s Radeon RX570 brought us $ 1.91 in a week.
A year later, the amount will turn into $ 100 – and this is enough for one more card. By the way, if you do not waste time, during this period you can learn how to reduce the power consumption of the video card and earn more. Miners with experience achieve a 20-30 percent increase in profits only by adjusting the consumption of the card.
Mining of AMD Radeon RX480
Another red graphics card that shows its potential in working with Ethereum Classic. 2CryptoCalc did not disappoint here either – we will mine ETC.
Mining profit forecast for RX480
It’s time to lock in the possible profit. The calculator promises $ 4.18 per week. Although the result will obviously be lower – just like with other AMD cards in this experiment.
How much AMD Radeon RX480 brings
A week of mining on RX480 brought 0.60034 ETC or $ 3.60. Why below? The same factors affected: a decline in the rate of cryptocurrency and an increase in the complexity of mining. We check the statistics for the miner by the link.
Electricity costs
A computer with an RX480 spends more – 180 watts per hour of operation or 30.24 kWh per week. This is the equivalent of 120.96 rubles or 1.91 dollars.
Bottom line: AMD’s Radeon RX480 brought us $ 1.69 in a week.
It is 88 dollars or 5580 rubles per year. The amount is enough to buy one more video card. With it, mining will start bringing in twice as much money.
Mining on AMD Radeon RX580
The latest contender is the RX580. 2CryptoCalc also recommends giving the video card to the ETC pool from 2Miners. Great choice.
Projected mining income
A week of mining Ethereum Classic with the RX580 will generate $ 4.27 in revenue. Although, taking into account everything that happened with ETC, we will probably get less in a week.
Real income with the Radeon RX580
Intuition did not disappoint: our computer with RX580 inside earned 0.58615 ETC or 3.5169 dollars per week. The statistics are here, but let’s not forget about electricity.
Electricity costs in mining
RX580 repeats the result of RX480 – 180 watts per hour of operation. These are the same 120.96 rubles or 1.91 dollars of expenses per week.
Bottom line: AMD’s Radeon RX580 brought us $ 1.60 in a week.
Or $ 83 a year. We remind you that we will receive this amount simply for the work of the computer. You don’t have to participate in the mining process. The fact that such a prospect is at least worth thinking about.
As a convincing argument, we offer a video on the launch of Ethereum Classic mining.
General results of the experiment
Now let’s remember all the participants and their results for the week.
- GeForce GTX 1050 ti – $ 0.948;
- AMD Radeon RX470 – $ 1.57
- AMD Radeon RX570 – $ 1.91
- AMD Radeon RX480 – $ 1.69
- AMD Radeon RX580 – $ 1.60
The time to mine has come
2019 has become a kind of thaw for the cryptocurrency market. Bitcoin even briefly rose above $ 13,000, which triggered a jump in other coins. In other words, now experts are betting on a new growth cycle rather than a fall.
This is supported by the entry into the niche of institutional – that is, very large – investors. In addition, new tools for investing in cryptocurrencies are emerging. For example, in the second half of July, the start of testing Bitcoin futures from the world famous Bakkt platform took place.
Development is in full swing, so our task is not to miss the right moment. Although any miner will surely tell you that this moment was yesterday.
Check out the Telegram chat about cryptocurrencies. We will discuss all questions there.
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