MSI GeForce GTX 1060 AERO ITX 6G OC – Switching to NVIDIA

For quite a while I couldn’t find any inspiration for writing, until today. This morning, I’ve received a shipment from the opposite part of the country, containing the 3 brand new NVIDIA GTX 1060 graphic cards with 3 years of warranty!

Why did I switch my mining operation to NVIDIA?

I’m a NiceHash enthusiast, and the first thing I learned is that if you want to mine with AMD- you have to use NiceHash Legacy Miner, which I did for 4 months. And it’s not that bad, however, it’s not great either- not all benchmarks are working properly, small bugs are popping out from here and there, and it’s just not as pretty as the NVIDIA NiceHash Miner.

But that’s not all. The AMD graphics price has skyrocketed for certain models! In November, I was able to buy 2 RX 470 for $600 and one RX 270 for a $100. Now, I can’t find an RX470 for less than $380(used!). On the other hand, I found brand new NVIDIA GTX 1060 with 3 years of warranty for $420 per piece.

The math was simple:

Sell all 3 used(with relatively small warranty timeframe) AMD cards, add some money and switch to brand new NVIDIA cards. Since I had some spare money from freelancing, I’ve decided not to take any of my cryptocurrency earnings(investments).

First I sold the 3 x AMD cards for $800, then I added $400 and bought 3 x NVIDIA cards for $1200. The additional money investment was just about right, since the 3 x NVIDIA cards are consuming less power(max 120W each), yielding about 30% more and are brand new with 3 years warranty! But enough of my “investing magic”, you probably only care about mining performance of this cards.

MSI GeForce GTX 1060 AERO ITX 6G OC mining performance

The benchmarks were slow, and took more than 2 hours in precise mode. I didn’t bother reinstalling Windows, just deleted the AMD drivers and added NVIDIA ones. Without any overclocking, here are the first results:

Cryptocurrency Mining Earnings and Cryptocurrency Market Prices

Hey there, Happy New Year! I was waiting for some new hardware before writing an article, but it turns out I’m still waiting on my credit card by Payza, which I plan to use when converting Bitcoin to USD.

While waiting on the card and the hardware to buy with mining earnings, I’m trying to learn at least a bit per day on cryptocurrencies. Right now, I’m reading a kindle version of “Mastering Bitcoin” by Andreas M. Antonopoulos. which still haven’t made me bored, although it is fairly technical.

I also watch lots of interesting videos, both by industry leaders and suspicious speculators, as well read news from few crypto portals that I’m subscribed to.

And over the last few days, I could not fail to notice an increased dose of pessimism floating around the cryptocurrencies space. There’s been news on the Ethereum bug in fees, Microsoft banning the Bitcoin payments, the TRON token accused of speculation, the XRP going mad in few days then falling down twice as fast, the investors losing the money because CoinMarketCap excluded 3 South Korean exchanges without notice …

And that’s just some of the “bad news” I remember from last week and really mostly today news. On top of that, prices are mostly falling for the last 3 days. The shit storm is just about to start- one may think. But wait, is that really the case!?

While there have been some bad news, there have also been quite a few good ones. For example- market cap rising around $100 billions over the last week or so. Yeah yeah yeah, it did drop from $800 billions to $700 billions over the period of 24 hours, but it first climbed $200 billions(from $600 billions)!

And I’m seeing this in reality as well- earlier today, I went to buy tickets for Saturday night, since Oliver Huntemann will be playing in my city and no one sane would miss that. Coincidentally, the shop that sells tickets for the event- WinWin- is probably second largest IT equipment store chain in Serbia, with tens of stores all over the country. I’m waiting on my tickets, two guys come in and the story goes like this:

2 Guys- Hi there, we’re looking for some AMD cards.

Me(to myself)- Haha, I’m wondering if these guys are miners.

WinWin Stuff- Haha. Only Vega cards.

2 Guys- Wtf.

Me(to myself)- Man, the cryptocurrency market and mining earnings are doing really well actually.

WinWin Stuff- Will have them by the end of January.

WinWin Stuff- I mean Vega cards. Don’t expect other AMD cards before March.

2 Guys- :O

Me- 😀 😀 😀

Cryptocurrency news are mostly bullshit, as any other news

Imagine the investing based on the news only. It’s a nice thought, but certainly not a smart one. The news have a simple purpose- to get noticed. The headlines are catchy, the content full of noise. The truth is somewhere in between, but unreliable unless confirmed from other sources.

News From CoinDesk Daily

received at 3:39pm

News From Cointelegraph

received at 4:13pm

And even if the news were reliable, it is true that the cryptocurrency market is very volatile, so the news would have to be volatile as well. It’s a crazy market, but a growing one. And crying for the Bitcoin drop from $20k to $14k won’t change that. At least not after the Bitcoin rise from $1k to $20k over a period of less than a year.

my small crypto investing portfolio(from affiliate earnings, not including mining earnings), old 2-3 weeks top!

Cryptocurrency Mining Earnings- How it’s going?

After two months of learning and preparing, I’ve built my very first rig, planning to get ROI after 5-6 months. Right now, I’m looking at ROI getting close to 4 months. And I’ve had quite a lot of problems with internet connection and Win10 updates fucking up my system, which I hopefully fixed after getting back from NY holidays.

In one of my first writings on the best gpus for cryptomining, written at the end of November and before NiceHash got hacked, AMD RX 470 was making an average of $1.85/day. Right now, it’s making up to $3.78/day! And while the screenshot below shows $8.60/day for my rig, it’s quite normal for me to see more than $10/day(like right now), and I don’t remember when I last saw less than $8/day.

And when you compare the NiceHash earnings over the last 4 months, it’s not hard to understand why there are less and less graphic cards in the stores:

As you can see in the four pictures above, the mining earnings have quadrupled over the past four months!

Never invest money you can’t afford to lose!

The blockchain technology is amazing. The cryptocurrency market is existing and has grown 4000% over the last year. You can hear miners complaining, yet making amazing profits and doing better and better. Cryptocurrency market predictions for 2018 are mostly positive and even bullish. No wonder you can read in news about people investing borrowed money in Bitcoin and cryptocurrencies. And that’s a risky business.

The cryptomarket has grown extremely over the last year. And there’s been a pretty much constant growth since the invention of Bitcoin about 10 years ago. However, it’s extremely volatile, and unlike anything we had before- both technology and prices speaking. And importantly enough- it’s mostly unregulated at the moment. This is why it’s extremely important not to take risks you can’t handle, and never invest money you can’t afford to lose.

The cryptocurrency market is definitely hottest market right now, and avoiding it means you’re missing out the best opportunity to earn serious money “over night”. However, the market has shown us how investing with reasonable risk(let’s say 10-20% of your total capital) is more than enough to make you rich if you’re patient and play smart.

So do it, play smart and get rich! Quickly, but without losing a fortune if things go downwards.

The Best Graphic Cards for Crypto Mining

*Numbers updated on January 12, 2018

Hey there! Hope your crypto mining operations or preparations are doing fine!

I’ve just updated my mining hardware data on this website as I’ve added another RX 470 to my mining rig, so I’ve decided to write something useful while I’m here.

This post has a purpose of showing you the best GPUs for mining at the moment.

There are 3 main concerns when choosing the best GPU for mining:

  • Mining power

    How fast the GPU can work, aka how much money it can make.

  • GPU Power Consumption

    Very important factor which must be taken into consideration, unless you somehow have free or very cheap power.

  • GPU Price

    Quite obvious one- if you have 2 GPUs with the same mining power, quality and power consumption, but different price- you’re better of with the cheaper one.

5 highest gain crypto mining GPUs for November 2017 and onward

if you have cheap or free electricity

  • Graphic card
  • NVIDIA GTX 1080 Ti
  • AMD RX Vega 64
  • NVIDIA GTX 1080
  • NVIDIA GTX 1070
  • AMD Vega Frontier Edition
  • Power consumption
  • 250W
  • 350-400W
  • 180W
  • 150W
  • 300W
  • Price on Amazon
  • $740
  • $700
  • $510
  • $440
  • $770
  • Mining earnings/day
  • $8.88/day
  • $6.33/day
  • $6.30/day
  • $6.06/day
  • $5.84/day

Low power consumption graphic cards with good price/mining power ratio

if power in your country isn’t cheap

  • Graphic card
  • NVIDIA GTX 1070
  • AMD RX 470
  • Power consumption
  • 150W
  • 150W
  • Price on Amazon
  • $440
  • $270
  • Mining earnings/day
  • $6.06/day
  • $1.85/day

Do your own homework

and a disclaimer

When gathering the above data I’ve used prices from Amazon so I can give you a more overall picture of the best GPUs for mining. Depending on your research skills and the country you live in, you may get different(cheaper or pricier) results. Of course, you should put some effort in finding the best deal possible, as that will make your ROI and the overall business better.

When gathering the above data, I’ve used the official power consumption specs from the power manufacturers. And that’s pretty much the highest power consumption possible. Mining is usually power expensive, but not all mining algorithms and mining tools are producing the same power draws. Also, you can overclock or underclock your GPU and get different power results.

When gathering the above data, I’ve used mining calculator from Nicehash to get GPU mining earnings. I did my math and figured that the best and easiest way for me to mine is through NiceHash. This doesn’t mean you can’t find better deals for yourself, so you should invest some time in research and testing of mining pools.