Nicehash vs. Claymore Dual Mining

[PlainStack]

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.

 

[langgat]

interesting, i will be watching this thread. I too started using Claymore but switched to Nicehash for the ease of use.....bbut have also wondered what a week on CLaymore would do, so very interested in seeing what next week shows for you. On Nicehash i get 0.80352000 BTC pre month , or 0.18748800 BTC per 4 or 5 days, seeing they change their minds often on when they pay out.

 

[HNO3ZA]

interesting, i will be watching this thread. I too started using Claymore but switched to Nicehash for the ease of use.....bbut have also wondered what a week on CLaymore would do, so very interested in seeing what next week shows for you. On Nicehash i get 0.80352000 BTC pre month , or 0.18748800 BTC per 4 or 5 days, seeing they change their minds often on when they pay out.

How many rigs are you running to get 0.8 BTC per month?

 

[langgat]

i have 3 complete rigs, 2 have sapphire rx470 8gb's in, the other one has the sapphire rx480 8gb's in. building a few more to have fun with. SOld my S9 units as the rigs give a better return in my opinion

 

[PlainStack]

interesting, i will be watching this thread. I too started using Claymore but switched to Nicehash for the ease of use.....bbut have also wondered what a week on CLaymore would do, so very interested in seeing what next week shows for you. On Nicehash i get 0.80352000 BTC pre month , or 0.18748800 BTC per 4 or 5 days, seeing they change their minds often on when they pay out.

I couldn't find any information online about the topic so decided best to just test it out myself so I'm excited to see how the week goes. Took some time to get Claymore up and running but when everything is in you just run the script and it does its thing. There are some additional things that needs to be taken into account such as each pool being different with regards to fees and minimum payout but I like it as it gives me more control over where and how I want to mine at which costs.

I was reading an article yesterday that stated that there is a huge backlog of transaction on BTC blockchain which is why transaction fees for BTC has become so expensive over the past couiple of weeks. With the mass selling over the past couple of days I can only see that worsening.

 

[langgat]

if i had to switch back to claymore now, i would not sell the ether, it's climbing nicely...save it in your ether wallet and wait a few months.. I have 66 cards coming in, and i am going to build a few"dedicated rigs" i.e x amount on ether, and x on monero and zcoin and leave these 3 on nicehash.only issue is i have to wait 3 weeks between ordering from China for the stock to arrive and i am already thinking of more stuff. brought in 150 risers, 30 x 1300w psu's and still waiting on the gpu's

 

[akescpt]

if i had to switch back to claymore now, i would not sell the ether, it's climbing nicely...save it in your ether wallet and wait a few months.. I have 66 cards coming in, and i am going to build a few"dedicated rigs" i.e x amount on ether, and x on monero and zcoin and leave these 3 on nicehash.only issue is i have to wait 3 weeks between ordering from China for the stock to arrive and i am already thinking of more stuff. brought in 150 risers, 30 x 1300w psu's and still waiting on the gpu's

No electricity worries?

 

[PlainStack]

if i had to switch back to claymore now, i would not sell the ether, it's climbing nicely...save it in your ether wallet and wait a few months.. I have 66 cards coming in, and i am going to build a few"dedicated rigs" i.e x amount on ether, and x on monero and zcoin and leave these 3 on nicehash.only issue is i have to wait 3 weeks between ordering from China for the stock to arrive and i am already thinking of more stuff. brought in 150 risers, 30 x 1300w psu's and still waiting on the gpu's

Wow you are trully going big! Have you looked at mining solo then rather than being part of a pool? With so much hashing power you should be able to mine blocks on your own and cut out all of the fees and pool constraints.

 

[langgat]

own a solar business.... my roof has 30 x 300w pv on and 3 x 5kw hybrid inverters back feeding... so yes and No...nighttime get me but it is worth it. i dont mind giving out R3k to make R24k now

 

[langgat]

will get there in time, but first have to get the rigs up and running and satisfy clients with their orders....

 

[cymon]

own a solar business.... my roof has 30 x 300w pv on and 3 x 5kw hybrid inverters back feeding... so yes and No...nighttime get me but it is worth it. i dont mind giving out R3k to make R24k now

Wow! That's the way to do it[emoji1303]


Sent from my iPhone using Tapatalk

 

[akescpt]

Wow! That's the way to do it[emoji1303]


Sent from my iPhone using Tapatalk

Indeed. A solar segment. Makes lots of sense.

 

[ALSI TRADER]

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.

Thank you for this and good luck

Will you maybe post instruction or links how to do same setup to mine ETH.

I tried to do it but with no luck.

Thank you

 

[RVDM]

Thank you for this and good luck

Will you maybe post instruction or links how to do same setup to mine ETH.

I tried to do it but with no luck.

Thank you

Going to try the following single Ether guide tonight:

https://youtu.be/dqbSRcrN4UU

If that is successful Im going to try the following guide for dual mining:

https://youtu.be/1-XQ7m3hKFE

Only change I will make is that I am not going to create an online wallet but will rather use Jaxx.

 

[PlainStack]

Thank you for this and good luck

Will you maybe post instruction or links how to do same setup to mine ETH.

I tried to do it but with no luck.

Thank you

Here are the steps I gave [MENTION=24295]HNO3[/MENTION] and he got it up and running so it must have worked for him.

1. Claymore miner, You can get it from the download link in this post https://bitcointalk.org/index.php?topic=1433925.0. I made use of the Mega download server and then you select the version 9.4 catalyst version. Just unpack the zip file somewhere.

2. You will need a Ethereum pool to mine with, you can see a comparison of pools here https://www.cryptocompare.com/mining/#/pools. I personally use https://ethermine.org/ as they have a 1% fee and one of the largest ETH pools so quicker discovery of blocks.

3. You will need a Decred/Siacoin/Lbry/Pascal pool which ever you decide to dual mine with. I decided on Lbry as it shows a lot of future potential, has a low difficulty so easier to get full coins. I'm using the https://lbry.suprnova.cc/index.php pool for the same reasons as Ethermine. You will need to register an account with them but this is quick, their setup guide is also quite easy to follow. If using Suprnova on Lbry you will need to set up a miner under your profile as you will need the miner name and password in the batch file.

4. You will need a wallet to store your coins in, I'm making use of Jaxx for ETH as it supports multiple alt coins but you can create any ETH wallet. I've also created an account on the Poloniex exchange where I will be transferring my LBC to and then converting into either ETH or BTC when the coin values are good.

5. Set up the Claymore script. For this you go to the Claymore folder that you unpacked and look for the batch file named "start". Right click on this file and click edit. Below is my configuration.

setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
EthDcrMiner64.exe -epool eu1.ethermine.org:4444 -ewal 0xdeb9c165b0083bc66cb4f3a03cdf8acddaf72b04 -epsw x -dpool stratum+tcp://lbry.suprnova.cc:6256 -dwal [account name].[miner name] -dpsw [miner password] -dcoin lbc

-epool = Address of the ETH pool you are mining for
-ewal = this will be your ETH wallet address
-apsw = will always be x
-dpool = Address of the LBC pool you are mining for
-dwal = this will be your LBC address, Suprnova has a built in wallet which I'm using. It consists of your [registered name].[miner name]
-dpws = this will be x if you are not using Suprnova or the password that you used when setting up your miner in Suprnova
-dcoin = this is the other coin that you will be mining in my case Lbry so lbc

When this is done save and then run the batch file, it will automatically start the miner.
If you have entered everything correctly you will get the below, if it says connected and authorized you know you are good to go.
ETH: Stratum - Connected (eu1.ethermine.org:4444)
LBC: Stratum - connecting to 'lbry.suprnova.cc' <37.187.27.4> port 6256
ETH: Authorized
LBC: Stratum - Connected (lbry.suprnova.cc:6256)
LBC: Authorized

There are further advanced commands to get optimal rates but I haven't played around with them.

 

[Toxxyc]

/snip

You's a boss, dude, thanks!

 

[ALSI TRADER]

Thank you for great explanation.

I setup everything and working.

Don't you think that your hashing power drops when you go for dual mining.

Example here:
Mining only ETH @26.2 Mh/2

Mining ETC/LBC
ETH @ 22Mh/s
LBC @ 31.6Mh/s

 

[ALSI TRADER]

If you go to whattomine.com

and do following scenarios:
1. Mine only ETH at 26 Mh/s I get about 1.77mBTC/day
2. If I chose ETH+LBR (on top) with ETH @ 22 Mh/s and LBR @ 31.5 Mh/s I get about 1.7mBTC/day with higher power consumtpion.

So is it worth to do dual mining?

 

[PlainStack]

If you go to whattomine.com

and do following scenarios:
1. Mine only ETH at 26 Mh/s I get about 1.77mBTC/day
2. If I chose ETH+LBR (on top) with ETH @ 22 Mh/s and LBR @ 31.5 Mh/s I get about 1.7mBTC/day with higher power consumtpion.

So is it worth to do dual mining?

From what I've read dual mining should be better overall. I've read on forums more than once that the benefits of dual mining has to do with the fact that your gpu sits idle for periods when mining ETH. With this idle time mining the second coin makes up for it. My personal perspective is that I'm taking g a bet on LBC that it will rise in the future same as what ETH, like coin or monero has done. By making use of the low difficulty and being able to mine 1 LBC per day could payoff in the future. Currently 1 LBC is trading at 0.000085 to BTC. If the price even only goes up to 0.001 there is huge profit to be made.
I'm not going to be mining LBC to sell it tomorrow it's more a mine and hold strategy for me for the future.
Currently with what I'm making with ETH dual mining is already better than mining on NiceHash so the LBC that is being mined is just a bonus to be honest.

Your ETH hash rate seems a bit low? My rates was 26 ETH and 25 LBC when I started. After reading up on the optimal over clock levels for my 1070 I'm currently sitting at 29 on ETH and 27 on LBC. This is with a - 100 downclock on the core and +650 on the memory. ETH mining likes a highr memory rate and doesn't care as much about your core clock. I've read about people hitting 31 on ETH by limiting power to 65%, - 100 on core and +900 on memory. I've tried it as well but then the mining becomes unstable but I did hit 31. So it is all about getting the right settings for your card. Next I want to start testing the intensity sertings of Claymore as this also apparently can get a more efficient hash rate.

 

[Toxxyc]

From what I've read dual mining should be better overall. I've read on forums more than once that the benefits of dual mining has to do with the fact that your gpu sits idle for periods when mining ETH. With this idle time mining the second coin makes up for it. My personal perspective is that I'm taking g a bet on LBC that it will rise in the future same as what ETH, like coin or monero has done. By making use of the low difficulty and being able to mine 1 LBC per day could payoff in the future. Currently 1 LBC is trading at 0.000085 to BTC. If the price even only goes up to 0.001 there is huge profit to be made.
I'm not going to be mining LBC to sell it tomorrow it's more a mine and hold strategy for me for the future.
Currently with what I'm making with ETH dual mining is already better than mining on NiceHash so the LBC that is being mined is just a bonus to be honest.

Your ETH hash rate seems a bit low? My rates was 26 ETH and 25 LBC when I started. After reading up on the optimal over clock levels for my 1070 I'm currently sitting at 29 on ETH and 27 on LBC. This is with a - 100 downclock on the core and +650 on the memory. ETH mining likes a highr memory rate and doesn't care as much about your core clock. I've read about people hitting 31 on ETH by limiting power to 65%, - 100 on core and +900 on memory. I've tried it as well but then the mining becomes unstable but I did hit 31. So it is all about getting the right settings for your card. Next I want to start testing the intensity sertings of Claymore as this also apparently can get a more efficient hash rate.

This is exactly what I want to do. Mine the easier coins for now. BTC is so expensive right now that it's almost not worth mining those minute amounts with my old rig, so the less expensive coins with lower difficulty might be worth mining for now. If you can mine 100 coins for each currency and only one skyrockets like BTC or ETH you're in the golden zone.

 

[PlainStack]

[MENTION=27161]ALSI TRADER[/MENTION] Here you will find a nice comparison of what is possible, it seems -dcri 20 is the sweet spot. I'll be testing it out tonight and see how my hash rates compare against the default -dcri 30. Would be interesting to see whether on -dcri 10 you can get even higher rates than single mining ETH.

 

[The King]

If you go to whattomine.com

and do following scenarios:
1. Mine only ETH at 26 Mh/s I get about 1.77mBTC/day
2. If I chose ETH+LBR (on top) with ETH @ 22 Mh/s and LBR @ 31.5 Mh/s I get about 1.7mBTC/day with higher power consumtpion.

So is it worth to do dual mining?

If you are using a Polaris card. ie Rx470/480 mine ETH+DCR you get no drop in your ETH Mh/s using claymore unless you adjust your dcri to increase you DCR mining rate.

 

[ALSI TRADER]

Thank you guys for all comments

Appreciated

 

[Klepto44]

Now this Sir is one proper thread explaining what many have asked multiple times.

Thank you very much, just bough another 2 x 1070s to complete my rig and will definitely give this a go

 

[PlainStack]

So I've been playing around with the -dcri intensity function in Claymore, below my results for comparison.
Mining only ETH give me a little over 29Mh/s
Mining ETH+LBC on default -dcri 30 gives me 27.7 ETH and 26.5 LBC
Mining ETH+LBC on -dcri 27 gives me 28.8 ETH and 25.8 LBC
Mining ETH+LBC on -dcri 20 gives me 28.6 ETH and 21.45 LBC
Mining on ETH+LBC -dcri 10 gives me 29.3 ETH and 15.8 LBC
Mining on ETH+LBC -dcri 1 gives me 29.5 ETH and 10.4 LBC

So interesting here is that the -dcri 1 setting gives me a higher hash rate than solo mining ETH which just goes to show how well optimised this miner is for dual mining. The drop off in LBC and gain in ETH is not worth it as far as I'm concerned past -dcri 25 as you loose more LBC for a small gain in ETH but this will most likely be different for each card. I've decided to stick to -dcri 27 as it gives me the best payoff.

 

[Klepto44]

What % power are your card/s running at?

And overclock/underclock?

 

[PlainStack]

What % power are your card/s running at?

And overclock/underclock?

Power is at 65%
Temp is 68
Core is -50
Memory +500

 

[Klepto44]

View attachment 66533

This is what i get when setting up claymore, any ideas why this pops up?

After that it starts running but does ETH at 3MHs and LBRY at 2Mhs

 

[Klepto44]

Sorted out the issue where it gives the red part, but still running at stupid low speeds. Will leave for the night and see how it looks tomorrow morning.

Bear in mind this is with my 970 though.

 

[The King]

Sorted out the issue where it gives the red part, but still running at stupid low speeds. Will leave for the night and see how it looks tomorrow morning.

Bear in mind this is with my 970 though.

The Claymore miner does not mine well with Nvidia cards.

You can try ethminer but you need to have a specific gpu driver version to get the best performance with this.
http://cryptomining-blog.com/tag/ethminer/

Or download Nicehash and let it choose the best algo to mine. This will be best
https://github.com/nicehash/NiceHashMiner/releases