Press question mark to learn the rest of the keyboard shortcuts. Ultimately, the goal of miners is to maximize profits, taking all things into consideration. A lot depends on the specific card and fan design, but consumer GPU fans absolutely are not designed to run at 80-100% fan speed and 90-100C temperatures for constant 24/7 use. You'd now have 1.25 ETH worth about $2,000. Cryptocurrency networks are designed to find a 'stable' equilibrium, which effectively means getting enough people to believe in and use the coin to make it viable. Which algorithms and software get tested varies a bit by your GPU, and you can customize things quite a bit. Parts are binned, but some higher quality parts inevitably slip into lower tier products on occasion, and you can almost always get at least 5% more performance (compared to stock) out of any graphics card. Launch your miner (aka NiceHash without the "force P0State" option under parameters) but with Nvidia-ProfileInspector runing. This means you can hit higher clocks that aren't unstable, but memory performance actually degrades past a certain point. Alternatively, you may find (for example on the Ampere, Turing, and Navi GPU families) that GPU clocks by default run much higher than needed. First, you have to set up an Ethereum wallet and download the Ethereum blockchain. NiceHash launched in 2014, right around the time of the first major spike in cryptocoin mining (second if you want to include Bitcoin's initial surge to $32 per BTC in 2011). First, you need to know what GPU you're using. NiceHash QuickMiner has its own powerful and quick tool for setting overclocks and fan speeds. Before you install Nicehash, it is recommended to increase your virtual memory at this point to ensure the mining software runs smoothly. So going from 12 hours per day at 40-50% fan speed to 24 hours per day at 80-100% fan speed means the fans will wear out much sooner. Alternatively, there's plenty of room left for future growth and spikes, but that's just speculation. The benefit to solo mining is that you get the whole block reward plus fees, with no percentage going to the pool. NiceHash is a special multi-mining pool as it allows users to mine any hashing algorithm and to sell the hashing algorithm in the Nicehash hashpower exchange to users that want to buy a profitable mining contract. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Doing all of that with pool mining requires more time and effort, which is why a lot of people are willing to take a bit less in the way of coins. You can get a better estimate of performance by using the Precise mode (on the benchmark tab), which takes twice as long to benchmark. AMD and Nvidia GPUs are tuned somewhat conservatively, with the intent to allow for many hours of gaming, every day, for several years. On the Advanced Settings tab, options are set to personalize the application. MinerGate. Figuring out the optimal balance between all of those factors is complex, and while it might seem tempting to chase after every last bit of hashing performance, that may not be the best long-term solution. The third and final NiceHash option is to use NiceHash OS. BetterHash is one of the top mining software that allows anyone to mine cryptocurrencies with their existing computer system and start profiting immediately. Once launched, the first time it runs, NiceHashMiner will benchmark your hardware using various common mining (hashing) algorithms. Generally speaking, you'll get more stable income by going with the largest pool, but there are various reasons for not doing that. But what would those mining farms cost? Nvidia's 3090 and 3080 Founders Edition cards won't go above that mark until / unless things go really bad, like super hot GDDR6X temperatures. We've provided the information here that allows you to get started. #SaveTheGPUs #DontMine. Trying to do the same thing right now? We have a whole article about tuning GPUs for optimal Ethereum mining performance, but even that doesn't cover every possibility. How big is the difference? Here's the catch: NiceHashMiner has a bunch of extra features to allow remote monitoring, notifications if a miner goes offline, ability to run a script if something appears wrong, etc. If you're using Ampere (RTX 30-series), only the 3080 and 3090 use GDDR6X, and HWiNFO64 can report the memory junction temp. MinerGate is a popular mining program that allows users to mine Bitcoin and multiple other altcoins, such as Ethereum, Zcash, Monero, Ethereum Classic, and Bitcoin Gold. Add an exception to Windows Defender for the NiceHash Miner folder (after you unzip the package). Start NHM with Administrator Rights think of all the clean water you could make with that much power! here is my ocs for 1070 100Power core 50 550 memory, Running two 1070s +150 gpu +400 mem seeing 2.4 mh/s, New comments cannot be posted and votes cannot be cast, NiceHash is the largest hash-power broker that connects sellers or miners of hash power with buyers of hash power. Most modern GPUs will have pretty reasonable temperatures on the actual graphics chip, particularly if you follow the advice in our Ethereum optimization guide, but that's not the only critical factor. An RTX 3080 with memory running at 20Gbps and a 1.9GHz core clock will get about 95MH/s while using around 320W of power. Thank you so much for this article! The NiceHash App and Website Dashboard. NiceHash is the largest hash-power broker that connects sellers or miners of hash power with buyers of hash power. r/NiceHash. (Google is your friend.) To enter BIOS, press DEL or F2 repeatedly at boot. With a single RTX 3080, it would take on average 615 days at current rates. Most of those reasons are altruistic, like not wanting any one pool to control too much of the total network hash rate, so our advice is to go with a larger pool. By all means, have at it. Over three years of continuous mining at 100MH/s would have only generated 51.32 Ether. The power needed for 100MH/s five years ago would have been around 500–750W, while today it's about 250W, but we've used the power costs of the latter ($0.60 per day for 250W at $0.10 per kWh) for this chart. Basically, 4 ETH, plus or minus a few percent. Those would add thousands of dollars per month in cost, pushing back the break even point, and if things take a change for the worse (as they did in 2014 and 2018), the whole operation comes crashing down. For Nvidia, Ampere GPUs are found in RTX 30-series cards, Turing GPUs are in RTX 20-series and GTX 16-series cards, and Pascal GPUs are in GTX 10-series GPUs. Title should be "How to cripple environment, distort market and make enemies". Using 80% Power target, +100 GPU and +450 mem. Mem: +700 mhz (it made no difference if I had set it at +1000) Fans: 80% (or 55% if you want to keep the noise at low levels*) With all of the above changes I was able to bring down the VRAM temp from the initial 104C to 88C (*94C in case of fans set at 55%). Hash-power is a computational resource that describes the power that your computer or hardware uses to run and solve different cryptocurrency Proof-of-Work hashing algorithms. PSA: Don't use the same password on any sites related to cryptocurrency mining. https://www.nicehash.com, Press J to jump to the feed. Also, you still end up paying a small pool fee, usually 1%. ... Top 4 Best User Friendly Alternatives To NiceHash (Updated 2019) ... With a built-in GPU overclocking settings and ISO build, Cudo Miner is an awesome NiceHas alternative. We'll answer those questions as best we're able, and bring up other concerns and related information that you might not have considered. How much is a single block worth? There are three primary approaches to mining, and we'll cover these in order of ease of getting started. "If you can't beat 'em, join 'em!" The point is that you either got in early and made big gains, or you're hoping that things will continue to go up. Hopefully that starts to illustrate the situation a bit better. Its simple interface makes it an excellent option for beginners who want to mine cryptocurrency, as well as advanced settings, make it ideal mining software for professional crypto miners. The logarithmic chart doesn't look nearly as impressive, and it's clear the real winners with Ethereum are the people who got in back in 2015, or even 2016. You'll probably need to reduce maximum clocks while reducing the voltage, but the dramatic boost in efficiency makes the effort worthwhile. The most important thing to keep in mind is that cryptocurrencies are volatile. We'll use a static 100MH/s mining speed — it would have required four to six GPUs back in 2015, but these days a single RTX 3080 can get pretty close to that hash rate. Push the clocks, fan speeds, and temperatures higher and run them 24/7 in a cryptocoin mining farm and we can guarantee you'll experience component failures at some point. It's dead simple, though oddly the numbers (in my experience) are quite different from reality. NiceHash has greatly lowered the barrier to entry, and it gets rid of some of the worries about what coin(s) to mine. It's even worse for Bitcoin — much worse — but we'll leave that discussion for others. With Ethereum, the current network hash rate is roughly 400TH/s, or 400 million MH/s. Bottom line: We're not big fans of large cryptocoin mining farms. You can also manually enter hash rates, so for example if you notice that after 30 minutes or more that NBminer stabilizes at 94MH/s instead of 98MH/s, you can fine tune the mining speed. We've now passed peak profitability for mining with 100MH/s, but would still get around $8.75 daily. Hopefully, by the end of it all, you'll be better informed. Tulips seem like a better "investment" to me. If you threw 100MH/s at Ethereum back in 2015, by the end of the year, you'd have around 854 Ether, which was worth about $803 at the time. There are still fees to pay — most mining pools take 1–2% of the total income — but that's less than the 7% difference in pay that you might get from NiceHash. For example, Ethermine.org has configurable payout limits starting at 0.1 ETH, which would take about a month to reach with a single GPU — a single RTX 3080 will mine about 0.006 ETH per day. That's not necessarily a bad thing, considering BTC is the largest of cryptocoins, but if you want ETH you'll need to take some extra steps. Two 3060 Ti cards for example will basically match a single RTX 3090 while using less than half as much power. Not sure if that's good or not. Or let's say you managed to buy an RTX 3080 at launch and immediately started mining at 100MH/s on September 17. Congratulations! NY 10036. The 3070/3060 Ti don't use GDDR6X and the memory temperatures should be quite a bit lower, but we don't know how much lower because these cards don't report GDDR6 temps. This is much easier to use than pure solo mining, but without a decent amount of hashing power it will take quite some time to reach the point where you get the rewards from mining a block. Boot priority NiceHash is the easiest door into the mining world. There's also this look at Ethereum mining. It also pays out weekly if you hit at least 0.05 ETH and every 14 days if you've accumulated at least 0.01 ETH. Nicehash charges a 3% fee and miners are paid in Bitcoin. Anything above that and you're more likely to have the fans at least fail. You could pull a ton of people out of poverty permanently with the money spent on mining! The main difference between NiceHash and a regular pool is that mining on NiceHash means that you are mining for someone else - for the buyer of hashing power who placed an order on the marketplace - and that on a regular pool you are mining for yourself. The software is specially designed for Windows 64 bit OS and mining Bitcoin-like cryptocurrencies. Some say it's continuing to gain momentum, while others call it a ponzi scheme or a bubble. Don't. There are arguably worse ways to use power and money, but there are also a lot of better ways — ways that don't carry nearly the volatility and risk of coin mining. General settings of NiceHash Miner. Is it safe to put +500mhz in the memory for the long run? (About two thirds of all Ethereum was actually part of a 'pre-mine' that went to investors before mining was even possible.) The other downside is that NiceHash takes a cut of the amount paid, and the net result is generally lower payouts than mining Ethereum yourself. We're strip-mining digital coins, basically, and that's unsustainable. I just started mining with NiceHash with my gaming rig and i'm going to let it mine whenever i'm not gaming.I was wondering what would be the best settings to use when overclocking? NiceHash takes a small cut of the potential profits, and your PC can be up and mining in minutes. If you're building a larger mining farm (again, not something we recommend for a variety of reasons), efficiency will be a top priority. By default, it will ask you to log in using your NiceHash account details. Rather than cranking up graphics card fan speeds, an alternate solution is to just get a big and cheap box fan and aim it at your PC. Anyone that had the foresight to put together a big mining farm sometime in the past year or two and save all the Ethereum and/or Bitcoin it generated (while eating the costs) looks pretty smart today. It offsets those costs by minting (creating) about $25 million in new Ethereum coins per day (at current rates). There's a reason Nvidia's just-announced CMP cards (Cryptocurrency Mining Processors) target significantly lower hash rates than the consumer Ampere GPUs currently deliver. The first choice is what mining pool to use. The payout schemes meanwhile are designed to discourage pool hopping (i.e., changing pools if you get a 'hard' work unit or whatever), though we won't get into the intricacies of the various schemes here. Visit our corporate site. Median prices at eBay on the 3060 Ti are currently $999, $1,750 for the 3080, and $2,500 for the 3090. Determine best overclock easily and quickly as never before. Alternatives to NiceHash. My 1080ti gets 1.85-1.91 MH/s on Neo at the moment. That's basically what it's all about (testing limits). Free pools tend to be less reliable, since it costs money to run the servers and infrastructure for a pool, so it's often better to pay a small fee rather than deal with the potential downtimes. If the card is using 40, 50, or 70% of the power - the card is using exactly the same amount of electricity as the first example. More features of BetterHash mining software: 1. Power limit is set to 110%. Mining at $5 per day is less enticing, and $2 per day or less looks pretty awful. Right now, DaggerHashimoto (aka, Ethash, what Ethereum uses) tends to be the most profitable, though sometimes Octopus or some other algorithm might sneak in some cycles. You make the most money based on people who enter after you. Create a unique password on each one (consider using LastPass or a similar product), and if you're planning to hold onto the coins for the long haul, get them into your own wallet. The price has jumped about 350% since October (after the recent drop), while difficulty has so far only increased 61%, but the more people that start mining, the more difficulty will go up. Well, you can. Basically, the whole pool works together to find a block solution, which means it's more likely to get incorporated as the 'winning' block, but only the participant (mining address) with the highest contributions to date (since the last credited block) gets the reward. NiceHash has several options, ranging in degree of complexity. I wonder how many people have a mining PC sitting under their desk at work connected to guest WiFi w/ their employer unknowingly paying the electric bill. This has all happened before, and we've seen how it ends — or at least where it goes temporarily. As with all things Linux, getting it up and running may require a bit more knowledge and patience, but because it's an OS tuned specifically for mining, hash rates can be higher. NiceHash is the largest hash-power broker that connects sellers or miners of hash power with buyers of hash power. NiceHash also offers a cryptocurrency exchange! For example, in a brief test QuickMiner suggested it was earning over $15 per day (on an RTX 3090), and noted we "could be making 16% more" by using NiceHashMiner (which we'll get to next). Once everything is in place, you can finally launch your miner. So as an example, launching T-rex mining with Ethermine looks like this: t-rex.exe -a ethash -o stratum+tcp://us2.ethermine.org:4444 -u 0x0b8324FcE71D4E6501b5E82aB9466f230A990cB5 -p x -w worker1. I run 85% power target with +150 core and +500 memory and get 1.1 MH/s with Neoscrypt on my 1070 Hybrid. Prior to NiceHash, getting started with coin mining was quite a bit more complicated — as we'll detail below. Even after pruning a bunch of extra data that you don't need, it's still typically around 200GB in size, and downloading can take a while. Next up is NiceHashMiner, which is what most people will want to use. Finally, the RTX 3060 Ti build would net approximately $40 per day and require ~170 days to break even. So far, things aren't too bad, but let's combine price, difficulty, and mining rewards to get daily profitability. Hash-power is a computational resource that describes the power that your computer or hardware uses to run and solve different cryptocurrency Proof-of-Work hashing algorithms. Simply put, GPU components (fans, VRMs, memory, capacitors, etc.) at Coinbase or some other service). ), password (none), and worker name. With gaming GPUs, the expectation is that cards are only used at most maybe 12 hours per day. Navigate to Computer Configuration > Windows Settings > Security Settings > Local Policies > User Rights Assignment; On the right panel, scroll down until you find Lock pages in memory. Still, longer-term stability will almost certainly be at lower profits than we see right now. SourceForge ranks the best alternatives to NiceHash in 2021. You will receive a verification email shortly. Besides overclocking of the memory, you should look into underclocking and undervolting of the GPU, particularly for AMD's previous-generation cards. Some will throw caution to the wind and look to maximize hash rates in pursuit of short-term gains. Transitioning over to a mining pool instead of NiceHash opens up more opportunities, to both software and method of payment. Also pay attention to the payout scheme and payout requirements for the pool. There's no concrete answer because the market fluctuates wildly and it depends on your hardware and your hardware settings. Once that happens, drop the OC by 10–20% and you should be reasonably safe. It would have spiked even more if it weren't for the GPU and component shortages, but there's not much that can be done about that. It selects the best-performing coins, switches between algorithms automatically, and even creates a wallet for you if you don’t have one yet. Call us pessimistic, but we think it will go back there. #Experience. Each family has different features. One big difference between NiceHash and your typical mining pool is that you need a separate Ethereum wallet to store your coins — you really don't want to just leave the coins with the pool indefinitely. In the settings, there is an idle-mining option to activate upon conditions you set. Once your wallet is synced up, you can point your own mining rigs at your local node, which is mostly the same as configuring miners for a mining pool except now you're using your own pool. Trying to balance memory clocks against power and temperature is complex, and it's definitely possible to find 'stable' clocks that will end up causing problems down the road. And that's just looking at Ethereum pricing since its conception. Before we continue, let's be clear: We're all about providing information, both good and bad. They cost about $20, which is less expensive than replacing fans on your graphics card, but you'll definitely need to dust regularly if you go that route. Many economists have likened the major "mined" cryptocurrencies to pyramid schemes. Alternatively, you can use the NiceHash app on your phone to scan a QR code, or just input your BTC address manually. Now that we've talked about temperatures and fan speeds, let's talk about overclocking — or even underclocking and undervolting. New York, Click on the Start Mining button to start mining. Case in point: Let's look at the current details. It took 4-6 weeks to get a card back, and some manufacturers even refused warranty service "due to physical damage" or other such claims. Making small loans to entrepreneurs would generate more profits I'm sure. Your BTC will accumulate on NiceHash, and you can transfer it out whenever you like — which is a good idea since you never know if or when another successful hack might occur. You can also schedule an algorithm for retesting if you think the result is off, and by default (it can be turned off) NiceHashMiner will periodically download new versions of the miners and automatically retest. Compare features, ratings, user reviews, pricing, and more from NiceHash competitors and alternatives in order to make an informed decision for your business. That's because the tests are only run for a minute each, and as your GPU heats up it may also slow down. 931 talking about this. Type your PC name in the empty text box. Getting 1.11 MH/s. Watchdog which takes care of restarting mining process if something fails. We've also provided a less optimistic view, so you'll hopefully more fully understand the risks. There are mining pools that operate on a 'solo' mining approach. Most pay out your Ethereum daily, provided you've hit minimum quotas, but some of those quotas are pretty high. I'm using Asus GPU Tweak to overclock so don't know how credible that overclock is though.I'm also only mining using the neoscrypt algo as it seems to be the most profitable for me right now. That means balancing the cost of the hardware, memory speeds, GPU clocks, pool mining fees (or NiceHash fees), power consumption, time required to manage the mining PC(s), the cost to service or replace hardware, and more. Plus all the GPUs, naturally, at current eBay prices. This increased the efficiency from 263 kHs/J to 385kH/J. Plus, you'd be using a lot of power, about 36 MWh per month just on the PCs, and probably 50% more than that once you factor in IT infrastructure and cooling. You effectively lease your PC's hashing power to other users, who get to choose what to mine, and you get paid in Bitcoin. For example, tuning for an extra 5% more hash rate just isn't worth it if it means going from 50% to an 80% fan speed.
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