Hello! I'm very new to mining! I only have a GTX 1650 Super 4GB card from Zotac and I only intended to use this card for gaming. However, recently with the pandemic, I've grown to other types of hobbies, which has ultimately lessened my time for gaming. My PC now has a lot of idle time. When I told this to my friend, he said I should just leave it to mine since it would be giving me small but passive income.
It's only been 5 days and I've used NiceHash (because NiceHash QuickMiner wouldn't accept my GPU) and so far I have gained $5. This is fine for me since this is still extra income, and I don't have to worry about costs for electricity because I'm not paying for it.
I understand that this is a very weak card for mining, and for most people who have to worry about electricity costs, this is not profitable. However, when I do quick google searches I find pictures like these and I see that there is SUPPOSEDLY more profit on other... platforms? Or IDK what to call it, since I'm very new to mining and have only used NiceHash
Source: https://minerstat.com/hardware/nvidia-gtx-1650-super
Source: https://www.gpucheck.com/profitability/nvidia-geforce-gtx-1650-super
It seems that on both these sites, it says that I can potentially double my profit per month if I use 1) Ravencoin? - and 2) XZC-MTP (CCMiner)?
Can anyone please explain to me:
1.) What that Ravencoin RVN is and how it has a higher Daily Profit than my current setup (~$1.25 vs. $2.76)
2.) What XZC-MTP (CCMiner) is and how it also has a higher Daily Profit than my current setup (~$1.25 vs. $2.70)
3.) If they are truly accurate estimates, how would I go about switching to those platforms?
PS: My friend also told me that NiceHash automatically benchmarks and selects the "algorithm" that is most profitable for my setup, and it is currently what I'm running right now on NiceHash. Is this the best option for me?
It's only been 5 days and I've used NiceHash (because NiceHash QuickMiner wouldn't accept my GPU) and so far I have gained $5. This is fine for me since this is still extra income, and I don't have to worry about costs for electricity because I'm not paying for it.
I understand that this is a very weak card for mining, and for most people who have to worry about electricity costs, this is not profitable. However, when I do quick google searches I find pictures like these and I see that there is SUPPOSEDLY more profit on other... platforms? Or IDK what to call it, since I'm very new to mining and have only used NiceHash
Source: https://minerstat.com/hardware/nvidia-gtx-1650-super
Source: https://www.gpucheck.com/profitability/nvidia-geforce-gtx-1650-super
It seems that on both these sites, it says that I can potentially double my profit per month if I use 1) Ravencoin? - and 2) XZC-MTP (CCMiner)?
Can anyone please explain to me:
1.) What that Ravencoin RVN is and how it has a higher Daily Profit than my current setup (~$1.25 vs. $2.76)
2.) What XZC-MTP (CCMiner) is and how it also has a higher Daily Profit than my current setup (~$1.25 vs. $2.70)
3.) If they are truly accurate estimates, how would I go about switching to those platforms?
PS: My friend also told me that NiceHash automatically benchmarks and selects the "algorithm" that is most profitable for my setup, and it is currently what I'm running right now on NiceHash. Is this the best option for me?