It's nice to see another Nicehash user with multiple rigs. I'm running 16x 1660Ti and 1x 3070Ti and love the simplicity of Nicehash... Sad to see the payout rates drop so hard, I am hoping that they will return.
Yeah it's a hard hit for sure. I went from about $25 to $7. Will be sticking it out for at least a month to see if anything picks up on these other coins, right now barely breaking even with power cost.
Oh man sorry about that. I'm still hanging in there to see what may come from any of these alt coins profits increasing, or as people leave the space due to low profits it will create more profits for those who stay.
Do you have any optimize setting applied, like Medium or High? Typically "Lite" gives me the best stability but on some cards I have issues with any optimizations and have to manually set clock settings
It's a matter of what coins are available to mine. Nicehash can mine the top coins, just with ETH gone everyone is moving over to these smaller coins making them not profitable. Keep an eye on whattomine.com/ which shows the daily profits/loss of mining. Right now I'm looking at a $5-$6/day loss in mining so I've paused my rigs for now until I think through a plan. There is other software that can mine coins directly, still will be at a probable loss but you would hold the coin mined then in hopes it increase. Since nicehash pays in BTC (which is usually nice) it doesn't make sense to mine at a loss right now. Hive OS is software I've looked at before but I haven't setup a rig with it before, it's more complicated than NiceHash.
there are many jerks who have the syndrome of komlex disease more values, like red panda, now everyone is crying because it is over, why, here is your best example 12 rtx 3070 can now only make 112 RVN which is some value of 7 USD, how much time do you need, for the return, the invested money of 12 rtx 3070?
And after your factory in power you're not making anything right now. I'll keep mining for now, probably until the end of the year at least, hoping some of the alt coins come up to at least provide profit over the power costs again.
@@Techtipguru there is only one way to return mining to be profitable, and that is for everyone who owns ETH to sell and buy other coins (RVN, ETC, ERGO) ETH screwed the miners,and miners can scruwed price of ETH to drop him alot even below 400 USD
We can see the value of Etherum using technical analysis. between November to December 2021, in the daily Time Frame the market shows the Double Top and the weekly timeframe shows the Evening Star. This explains that the price will reverse or fall because many people are taking profit in that moment. In 2022, FED will start to tighten monetary policy, so price will going down till now.
Thanks for the sub! Yeah hoping either these coin values go up or some people may shut off their miners which will allow some additional profits to those who stay.
@@Dipscovery i have 2- 3070ti's on nicehash and on quick miner.. So far the nicehash miner shows more profit than quickminer does.. I get around 90 cents per day on nicehash, But Nicehash Quickminer only gives me about 78 cents per day.. Not sure why but something you might want to check out yourself..
Ouch. Yeah I saw about a 10x reduction as well this morning. I will be hanging in for a bit to see if I can find a profitable avenue after power cost. What coin are you mining now?
went from £5 a day to £0.06 a day
I don't think it's worth it anymore at the moment. Electricity would cost more than the earnings.
Yep. I'm currently estimating $205 in electricity with a $185 income, I'll eat the loss for a while to see if anything picks up with these alt coins.
@@Techtipguru Why not buy the coin directly instead of mining?
@@abdo199199 why pay for the coin yourself when you can get paid in the coin instead
@@koolerpure If you buy directly it might be cheaper if the electricity cost will be more than what you mine!!!
It's nice to see another Nicehash user with multiple rigs.
I'm running 16x 1660Ti and 1x 3070Ti and love the simplicity of Nicehash...
Sad to see the payout rates drop so hard, I am hoping that they will return.
hello, thanks for video. its important issues. so i have ask, when upgrade normally nicehash pools ? for example 1 week, 2 week, months ?
I went for over $6 a day on regular nicehash, now today less than a $1
Yeah it's a hard hit for sure. I went from about $25 to $7. Will be sticking it out for at least a month to see if anything picks up on these other coins, right now barely breaking even with power cost.
I started mining few days ago. Now is less ggz😂. Great video.
i am also 2 months ago.. Wasted
Oh man sorry about that. I'm still hanging in there to see what may come from any of these alt coins profits increasing, or as people leave the space due to low profits it will create more profits for those who stay.
It keeps crashing for me. 2 3060s, 1 2060, on kapow. Any idea how to stop the crashes and restarts?
Do you have any optimize setting applied, like Medium or High? Typically "Lite" gives me the best stability but on some cards I have issues with any optimizations and have to manually set clock settings
any alternative for this i mean new software or etc. man..so hard to experience this.
It's a matter of what coins are available to mine. Nicehash can mine the top coins, just with ETH gone everyone is moving over to these smaller coins making them not profitable. Keep an eye on whattomine.com/ which shows the daily profits/loss of mining.
Right now I'm looking at a $5-$6/day loss in mining so I've paused my rigs for now until I think through a plan. There is other software that can mine coins directly, still will be at a probable loss but you would hold the coin mined then in hopes it increase. Since nicehash pays in BTC (which is usually nice) it doesn't make sense to mine at a loss right now. Hive OS is software I've looked at before but I haven't setup a rig with it before, it's more complicated than NiceHash.
there are many jerks who have the syndrome of komlex disease more values, like red panda, now everyone is crying because it is over, why, here is your best example 12 rtx 3070 can now only make 112 RVN which is some value of 7 USD, how much time do you need, for the return, the invested money of 12 rtx 3070?
And after your factory in power you're not making anything right now. I'll keep mining for now, probably until the end of the year at least, hoping some of the alt coins come up to at least provide profit over the power costs again.
@@Techtipguru there is only one way to return mining to be profitable, and that is for everyone who owns ETH to sell and buy other coins (RVN, ETC, ERGO) ETH screwed the miners,and miners can scruwed price of ETH to drop him alot even below 400 USD
We can see the value of Etherum using technical analysis. between November to December 2021, in the daily Time Frame the market shows the Double Top and the weekly timeframe shows the Evening Star. This explains that the price will reverse or fall because many people are taking profit in that moment. In 2022, FED will start to tighten monetary policy, so price will going down till now.
face in the way can't see what youre talking about
I know I'm sorry about that, recorded it first thing in the morning before my coffee. I'll fix it next time.
mining is dead.
for now .... :)
Went from $12 to $2
Thanks for the vid, subbed for updates on profitable algorithms!
Thanks for the sub! Yeah hoping either these coin values go up or some people may shut off their miners which will allow some additional profits to those who stay.
@@Techtipguru yeah time will tell i think, i got 8x 3060ti rig for me it seems Autolykos is better option atm.
@@Dipscovery i have 2- 3070ti's on nicehash and on quick miner.. So far the nicehash miner shows more profit than quickminer does.. I get around 90 cents per day on nicehash, But Nicehash Quickminer only gives me about 78 cents per day.. Not sure why but something you might want to check out yourself..
went from 1.50 to .15. Thats not worth at all.
Ouch. Yeah I saw about a 10x reduction as well this morning. I will be hanging in for a bit to see if I can find a profitable avenue after power cost. What coin are you mining now?
No other coin would be as profitable as eth
Not currently for sure or be able to handle the volume. Ravencoin used to be decent but it can't handle the number of miners and stay profitable.