PlainStack
Member
Hey guys
So I thought I would start a new thread for this otherwise it will just get lost in the How do I start mining thread and I think the results are quite interesting.
I have been mining on Nicehash for exactly one week and have found it easy to set up and mine. But I have been wondering during the week how it will compare to mine coins instead of selling hashing power for BTC.
So I decided to compare my one week return from Nicehash against mining with Claymore's dual miner (Ethereum+Lbry).
So firstly my setup, I have a MSI 1070 Gaming X overclocked; core +200 Memory +450. Below is my actual returns from Nicehash for the week taking the mBTC that I mined and calculating the $ based on this morning’s exchange rate and the BTC value that was sitting at $2180.96.
View attachment 66438
So I was able to mine 0.01067 BTC for the week, I then just calculated the monthly and annual rate by using the daily rate. My daily rate is based on 16 hours mined on average per day as I'm not intending to run my PC 24/7, rather only when I'm home and over weekends when I'm not gaming which is what I did this past week.
So last night I went ahead and set up Claymore's miner by creating the necessary wallets and pool accounts which I needed and left it to run for exactly an hour and then stopped it. Now with mining in a pool it takes some time for all of your coins to reflect as the block first needs to be finished by the pool before you are awarded your share. So I checked back this morning to ensure that the entire hours mining will reflect. I then used the same formula as above in multiplying the one hour of coins I mined by 16 to get my estimated daily mined coin and then did the currency conversions on the same basis as with Nicehash.
View attachment 66437
So in the one hour I was able to mine 0.00153 ETH and 0.0703 LBC. The expected weekly value of these is $30.49 compared to the $23.27 that I made on Nicehash.
So I will be using Claymore for the next week and will then report back on what my exact numbers are but so far Claymore is looking very good but I guess it will also come down to each person on whether he wants more control over mining coins and selling them or rather just sell hashing power and be paid every week or so.
So please give your views and provide your constructive critique of my above thoughts.
So I thought I would start a new thread for this otherwise it will just get lost in the How do I start mining thread and I think the results are quite interesting.
I have been mining on Nicehash for exactly one week and have found it easy to set up and mine. But I have been wondering during the week how it will compare to mine coins instead of selling hashing power for BTC.
So I decided to compare my one week return from Nicehash against mining with Claymore's dual miner (Ethereum+Lbry).
So firstly my setup, I have a MSI 1070 Gaming X overclocked; core +200 Memory +450. Below is my actual returns from Nicehash for the week taking the mBTC that I mined and calculating the $ based on this morning’s exchange rate and the BTC value that was sitting at $2180.96.
View attachment 66438
So I was able to mine 0.01067 BTC for the week, I then just calculated the monthly and annual rate by using the daily rate. My daily rate is based on 16 hours mined on average per day as I'm not intending to run my PC 24/7, rather only when I'm home and over weekends when I'm not gaming which is what I did this past week.
So last night I went ahead and set up Claymore's miner by creating the necessary wallets and pool accounts which I needed and left it to run for exactly an hour and then stopped it. Now with mining in a pool it takes some time for all of your coins to reflect as the block first needs to be finished by the pool before you are awarded your share. So I checked back this morning to ensure that the entire hours mining will reflect. I then used the same formula as above in multiplying the one hour of coins I mined by 16 to get my estimated daily mined coin and then did the currency conversions on the same basis as with Nicehash.
View attachment 66437
So in the one hour I was able to mine 0.00153 ETH and 0.0703 LBC. The expected weekly value of these is $30.49 compared to the $23.27 that I made on Nicehash.
So I will be using Claymore for the next week and will then report back on what my exact numbers are but so far Claymore is looking very good but I guess it will also come down to each person on whether he wants more control over mining coins and selling them or rather just sell hashing power and be paid every week or so.
So please give your views and provide your constructive critique of my above thoughts.