Profit is based on the price of the coin, so if you hodl your mined Gridcoin, and sell on the highs, you can actually make a lot of money; look at the price of Gridcoin two weeks ago, now and you will see you missed a massive profit opportunity.
The point is while you are GPU mining you may as well use your CPU for something that's going to pay you back.
RE: #1 GPU Mining Guide. Set and forget. A guide to Making profit - Aimed at Gamers
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#1 GPU Mining Guide. Set and forget. A guide to Making profit - Aimed at Gamers
I looked its not profitable. You can do exactly the same thing with BTC yet you can start with alot more and its constant not sure what your push on grid coin is. All I see is a single pump and dump on that coin. It went up one cent its trending the same as pretty much every other coin except worse. I would love to be wrong on this one but its near impossible to find real data on mining it because no one seems to have any real decent data.
I have shown you real time video of how much money you can make following the MOST profitable coin to mine. I could also show you real time video of manually mined coins by showing you the hashing power then putting it into a calculator, which you can do with pretty much any coin except gridcoin. Too risky sorry man these cards cost alot of money.
How many grid coins are you mining a day and off what hardware? Just one of your CPU's Or GPU setups. I found some data where people had 4 GPUs and were averaging $0.33 a day. Two of those were were GTX 980's which are really powerful cards. I also note some of the large communitys all seem to convert over to BTC. So it's not really any different from mining/holding/selling any other coin.
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I started a long reply explaining how my rewards were calculated, but to be honest as you take all your info from undisclosed web searches, I have run out of patience, I was trying to help you and your follwers with an option to use their CPU to make some additional return. However it appears you already have the confirmation bias that I am wrong, and keep talking about GPUs when I was very specific this is about CPUs.
I wish you the best, I wont try and help again.
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The fact is that it is very tricky to find any decent info on gridcoin because no one seems to be able to relaibly work out their profits. But your poster below does an ok job at explaining what he can make. He is mining around 220 coins a day on undisclosed hardware so I can't make any comparison as to how optimised his hashing is per algroithm. But the fact he says hes making less than the top earner on whattomine tells me it is generally not worth it. Just like mining a single coin is not worth it with the way I do it. I never just mine one coin. I mine algorithms that mine several different coins and I switch around them during the day or daily to max profits. Doing this manually I can always beat the top payer on whattomine. If you use nicehash.exe you will always be around the top earner. If you just mine gridcoin you will end up wining on some days and losing on others and really risking everything on the price of gridcoin. But thanks for the info about it I am interested enough to set one of my smaller rigs up and see how fast it comes in and how it translaters to BTC.
Id would still like to know how many you are mining per day or week on what hardware. That really is not a hard figure to give out.
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mind blown. i want to be better friends.. can I come over?
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Ok simply then I have an i7-6700k with a GTX 780Ti, an old i5-430m laptop that overheats and has to be kept at 40% CPU, 2 raspberry Pis and 3 Android phones. All the kit except the RPis only runs about 12 hours a day!
The total power draw is 230 watts (measured from the wall) and I get 40 GRC per day, 20 from mining and 20 from staking, so that is $2.40 per day in total or $1.20 just from mining.
The reasons it's hard to pre estimate is because it's not hashes, you are doing real work, there is some variability. Project selection is critical to maximise earnings, you are awarded on your % share of work done in the projects you choose, so finding projects that suit your kit and that have the lowest competition is also critical. Also important is that the credit awarded is based on a recent weekly average, you need to run consistently for two weeks to start getting an idea of your output potential and ideally 4-6 weeks to get a really good idea of your total output.
So in summary from my bunch of CPUs I'm making 60 cents a day running 12 hours, and my GPU nets me another 60 cents a day.
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Is your power free?
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Kind of, I have solar power which is why I run only about 12 hours a day, but I gave you the total power draw (230W) so you could infer a profit metric if you wanted to.
Assuming I didnt have free energy then 0.23kWh x 12h = 2.76 kWh/day x 0.16$/kWh = $0.44 per day in energy, or $1.96 per day total profit
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One of the GPU miners on Gridcoin made a post https://steemit.com/beyondbitcoin/@xaqfields/how-gridcoin-mining-compares-to-other-cryptocurrencies-nvidia-gtx-gpus
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