I have been using NiceHash miner yesterday on my i7 4790 + GTX 1070 rig and with around 60 sols/s, it showed me that I’m earning around 8-9€ per day.
Today I checked again on my rig and noticed that now I’m only earning 5,7€ per day, with same sols/s rate.
Most likely within the next few days your CPU won’t make you anything.
Your 1070 should make you at least $1-$1.50 USD a day when things settle down and ZEC profitability becomes what ETH profitability was before the launch.
You won’t be making 6-8 euros per day with your setup forever. If it was that easy, I would quit my day job and just mine for a living.
Well good to know
I was just about to buy RX 470 to build new PC just for mining and I would be adding more of those RX 470s on the go when I would earn some more money.
I guess it would be too good if it was possible to earn 4€ profit with each GPU per day.
GTX 1070 is using about 0,4$ of electricity per day, so for 0,5-1$ profit per day I probbably won’t bother with mining.
Thanks for info, and sorry for dumb question, but I’m kinda new to this.
The only way to make some decent money is to have cheap electricity and a huge amount of GPUs.
The 1070 and 470 are very power efficient so it will be a while before you start breaking even with electricity but don’t expect more than 1euro per GPU per day profit.
However if ETH and ZEC goes up in price then you will make slightly more but everyday more and more people will start mining and the profits will start decreasing again.
i got 2 rx 470s mining at the moment, make sure you get the 8gb version, saphire nitro are very good.
I am getting 60-70 sols with 2 of them using genoil 0.4.2
@adaseb I was thinking about buying RX 470 4GB, but since it would be only 1-2$ per day, I don’t think it’s worth the strugle. Would take me almost 1 year just to get back money I invested.
Money truly doesn’t come easy xD
if you sell your coins as you mine them you will be making a small profit, but if you hold your coins, they could be worth a lot more in time ( or a lot less ) People speculate bitcoin will rise to $1000 by the end of 2016
if you make a miner you will always be in a better position to start mining as new coins become available .
At the end of the day though it depends on what you want with a miner.
My case, I didn’t have to buy new hardware … I still had my GPU’s from 2013 when I was mining, and they have been doing great … albeit the price is as many have mentioned, dropping drastically (as to be expected).
i7-4770k (shows @ 3.5 in NiceHash, but I have it OC to 4.3)
2 x R9 290 XFX Black OC Edition (overclocked)
getting ~ 95 Sol/s
Currently making $9.45 a day … quite the drop from $13/day yesterday, but still pays for my shared electric, and better than it sitting here collecting dust.