Mining with a personal pc

[ms12274]

Hello all,

I'm new to mining. I'm using a personal custom built pc that I built myself. The goal is to try to make a little cash without frying my whole rig. So, I'm running a Intel I3-8100 quad core cpu with a ASUS GeForce GTX 1060 3GB overclocked at +170mhz on core and +70mhz on mem clock. Temps are nominal at about 63 degrees with the fans running at about 60-65%. My question is can I potentially overclock a little more on my GPU to increase my daily mining profit a little bit? And also would it be helpful if I overclocked my CPU too? Im currently mining about .00006603 BTC daily (about 25 cents). Any help would be appreciated. If you need anymore information on my current setup just ask. Thanks everyone.

 

[Ralston18]

Ask yourself:

"I am making only 25 cents per day on a personal custom built pc that cost me X dollars. If all continues to go well, I will need X/0.25 days to just break even. So is making (e.g,) 26 cents per day (likely less) worth the risk of frying my rig?"

Things are not made as they used to be and every day pushing the rig increases (in my opinion) the risk of some catastrophic failure.

Leave well enough alone. Consider your rig as a long term investment. Accept the 25 cents per day and hold the line.

 

[USAFRet]

25 cents a day, running 24/7. $90/year.
Increased noise, wear and tear, just running at stock.

Add a little bit more OC? More noise, more wear and tear.

And the "current" BTC rate is falling faster than an anvil landing on the coyote.
25 cents today will be 20 cents next month, 15 cents after that.

Is that 25 cents/day before or after electricity cost?

Earlier today, I checked my system on the nicehash calculator. Not the greatest test, but in general terms...
After electricity cost, mining is a negative sum.

It's not Jan 2018 anymore.

 

[tennis2]

1) Don't mine BTC. Look into other crypto. Here's one profitability calculator and Here's another. Also, to track crypto pricing Coinmarketcap.com is a good tool. For market analysis, I use tradingview.com

2) Don't mine with your CPU. CPU mining is HORRIBLY inefficient.

3) Don't OC your GPU. You actually want to undervolt and/or underclock your GPU to find the best balance for power usage vs income. I don't know of any long-term testing (longer than 1 year) but it seems the only detriment from (non-OC) crypto mining is wear-and-tear on fans. Fans are generally cheap.

4) Have you considered how much mining is costing you in electricity? Crypto mining (not using ASICs) generally costs more in power than the income you earn right now*

*5) By mining crypto you're entering into the world of trading (ie stock market) so you'll want to brush up on your technical analysis of market trading to make sure you're selling your earnings at the right time. The crypto market is known for its high volatility (high risk/reward) so trading your earnings can help to maximize your holdings (or minimize your losses). For example, BTC at it's peak in Jan '18 was almost at $20k, now it's suffered an 80% correction/drop and is sitting around $4k. How pissed would you be if you had a bunch of BTC last year and watched it dwindle to 20% of its highest value? What if you're mining now for a loss, but next year crypto increases 10x and cycles back down to nearly this same price and you missed your chance at profit?

 

[ms12274]

1) Don't mine BTC. Look into other crypto. Here's one profitability calculator and Here's another. Also, to track crypto pricing Coinmarketcap.com is a good tool. For market analysis, I use tradingview.com

2) Don't mine with your CPU. CPU mining is HORRIBLY inefficient.

3) Don't OC your GPU. You actually want to undervolt and/or underclock your GPU to find the best balance for power usage vs income. I don't know of any long-term testing (longer than 1 year) but it seems the only detriment from (non-OC) crypto mining is wear-and-tear on fans. Fans are generally cheap.

4) Have you considered how much mining is costing you in electricity? Crypto mining (not using ASICs) generally costs more in power than the income you earn right now*

*5) By mining crypto you're entering into the world of trading (ie stock market) so you'll want to brush up on your technical analysis of market trading to make sure you're selling your earnings at the right time. The crypto market is known for its high volatility (high risk/reward) so trading your earnings can help to maximize your holdings (or minimize your losses). For example, BTC at it's peak in Jan '18 was almost at $20k, now it's suffered an 80% correction/drop and is sitting around $4k. How pissed would you be if you had a bunch of BTC last year and watched it dwindle to 20% of its highest value? What if you're mining now for a loss, but next year crypto increases 10x and cycles back down to nearly this same price and you missed your chance at profit?

I do not pay for electricity, I have already taken that into consideration. Since I do not pay for utilities, I consider this a cash back of some sorts of paying rent where I live and after I accrue so much I will withdraw it from the wallet and reinvest it. So no negatives there. Although, I did not know the gpu should be underclocked for optimization as opposed to overclocking. What would you recommend underclocking at given my current setup?

 

[Gam3r01]

A side note, just because you dont pay utilities does not mean you wont get charged.
Whoever does pay the bill would likely notice a sudden spike and higher average demand on power and come around asking questions.

 

[RealBeast]

If you don't live in Iceland of some parts of China, energy costs make mining a futile effort, and even they will fold soon -- your best bet is to start a bicycle newspaper route instead.

While BTC just broke below $4000 today, give it time it will approach zero -- the scam is now obvious and full capitulation is on the way.

If you have any doubt look to objective information: ask AMD about their high end GPU sales slide that they totally blame on the mining collapse. Or perhaps note the 20% increase in bitcoin short positions despite a 38% drop in the BTC price in November 2018 alone.

Get rich quick schemes only benefit the initial scheme architects.

 

[Rogue Leader]

I do not pay for electricity, I have already taken that into consideration. Since I do not pay for utilities, I consider this a cash back of some sorts of paying rent where I live and after I accrue so much I will withdraw it from the wallet and reinvest it. So no negatives there. Although, I did not know the gpu should be underclocked for optimization as opposed to overclocking. What would you recommend underclocking at given my current setup?

Right up until the person you rent from notices the large spike in utility bills, and charges you for it.

You will literally clear $90/year, at todays prices. And wear the heck out of your equipment. Its really not worth it.

 

[popatim]

How long will it take to recoup the investment you put in to just build the pc?