How to make money on a video card, or What is cryptocurrency mining?

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How to make money on a video card, or What is cryptocurrency mining?
How to make money on a video card, or What is cryptocurrency mining?
Anonim

Probably, many have heard about people using computer power to earn cryptocurrencies, the most popular of which are bitcoins (BTC). They can be mined in many ways, but the most successful are those who know how to make money with a video card. This method is incredibly effective, but requires some investment.

How to earn bitcoins with a video card

how to make money with video card
how to make money with video card

If you can boast of a computer with a good video card, then you can start mining bitcoins. However, in order to increase profits and do it professionally, experts recommend purchasing several video cards. Due to this, you will be able to increase the level of performance of a personal computer, which will calculate much faster.

People involved in BTC mining called this process mining. It does not require special attention from a person. All you have to do is run a program that willuse your machine's resources.

In the course of processing and solving problems, virtual coins are created, which are bitcoins. Subsequently, they can be exchanged for any currency, as well as transferred to virtual wallets, such as Yandex. Money or WebMoney. Bitcoins can be used to purchase goods in online stores. It is worth noting that this cryptocurrency is constantly growing in price, as it becomes more and more difficult to mine it, and more and more people want to buy it.

In order to buy 1 BTC today, you will have to shell out $2.727. However, this course is constantly changing. It can both rise and fall sharply. This makes it possible to earn both on a video card and on trading exchanges. Many people buy BitCoin at the moment when the rate is at the minimum mark, later selling them at a better price.

How much can you earn on one video card

how to make money with video cards
how to make money with video cards

Having some understanding of how to make money on a video card, you should know which video adapters are best for mining. An excellent option would be AMD Radeon fifth series and above. Since the final amount of your earnings will depend on the performance of this device, it is recommended to get flagships such as the Radeon 7990 HD. Professional miners claim that when using AMD video cards, the calculation speed is much higher than that of analogues under the nVidia brand. Accordingly, the more calculations per second, the more significant your earnings.

Importantremember that if you decide to mine using one, even the most top-end video card, its performance will not be enough. You will spend a very long time before you get 1 BTC. For example, if a Radeon HD 7970 GPU is involved, your result will be around 555 MH/s, and the daily production is at the level of 0.0031 BTC, or 80 cents. It should be borne in mind that during mining, electricity consumption increases. Therefore, this method of mining cryptocurrency is considered inappropriate.

How professional miners earn bitcoins with a video card

In order not to work to pay for electricity alone, advanced cryptocurrency collectors use several video cards at once, requiring less power. They make so-called "farms", consisting of a homemade case, processor, individual cooling system, power supplies and video cards, the number of which can reach 30 pieces.

how to earn bitcoins with a video card
how to earn bitcoins with a video card

One such farm can bring in a substantial income, which is 24-30 dollars a day. However, it is worth considering the fact that electricity costs will also increase. In some online stores, computers created specifically for mining have long been on sale, but a self-assembled farm is much cheaper. If you doubt your own abilities and are not sure that you can build a mining farm, you can seek help from those who have long understood how to make money on a video card and are successfully mining cryptocurrencies.

Which video adapterbuy

how to make money with a video card
how to make money with a video card

Knowing how to make money on a video card, the future miner faces a difficult choice between one or another video adapter that needs to be purchased for a home-made farm. We have selected the best options, taking into account the ratio of cost and profit. For ease of perception, we will present the information in the form of a table.

Model

video cards

Hashrate

ZEC

ETC/ETC hashrate

Consumable

energy

Efficiency

ZCash (Sol/w)

Efficiency

Ethash (MHS/W)

GTX 1080 Ti 620 Sol 35 MH/s 250W 2.48 0.140
GTX 1080 475 Sol 28 MH/s 180 Tues 2.63 0.153
RX 580 280 Sol 26 MH/s 185 Tues 1.51 0.140
RX 570 260 Sol 25 MH/s 150W 1.73 0.166
GTX 1070 435 Sol 27 MH/s 150W 2.90 0.190
GTX 1060 282 Sol 20 MH/s 120 W 2.35 0/150
RX 480 300 Sol 29 MH/s 150W 2.00 0.190
RX 470 250 Sol 24 MH/s

120 W

2.08 0.200
RX 460 110 Sol 11 MH/s 75 Tues 1.47 0.146
RX 560 120 Sol 12 MH/s 90 W 1.33 0.133
RX 550 70 Sol 10 MH/s 65 Tues 1.08 0.153
R7 370 150 Sol - 190 Tues 0.78 ?
R7 360 155 Sol - 100 W 1.00 ?
GTX 1050 Ti 155 Sol 13 MH/s 75 Tues 2.06 0.173
GTX 1050 135 Sol - 60 Tues 2.25 ?

The models shown in the table pay off much faster than their counterparts and, judging by the reviews of experts, are the best choice for mining in 2017. For example, GTX 1070/1060 and RX 480/470 will pay for themselves in 5-6 months. Also, do not forget that it is becoming more and more difficult to mine cryptocurrency every day, but its cost is constantly growing, which allows you to maintain the necessary balance, attracting new people to mining.

Pros and cons of mining

how to make money with a video card
how to make money with a video card

Disputes about how to make money with a video card will not end soon. However, craftsmen who create one farm after another do not stop appearing, which means that there are certain advantages in this business:

  • Automated process.
  • It is enough to have minimal knowledge of how to make money on a video card, what programs to use.
  • Quite a simple farm setup.
  • Stably high cryptocurrency rate.

Having figured out how to make money with a video card, you can highlight the following disadvantages:

  • Inflated equipment cost.
  • Constant noise caused by turbines and fans.
  • Strong heat dissipation.
  • The probability that the cryptocurrency will be undergovernment control and will be taxed.
  • Dependence on constant high-speed Internet and uninterrupted power supply.

Earn on rent

Due to the fact that the demand for video cards has increased sharply, their cost has increased. Not every person has the opportunity to find a large amount of money to buy top-end devices. Do not despair, because you can make money with a video card even if you actually don’t have one. There are many services that provide the opportunity to engage in cloud mining. You just rent a part of the productivity of high-tech farms, making profit in the form of cryptocurrencies, but using other people's video cards.

Withdraw funds

how to make money with a video card
how to make money with a video card

People who decide to figure out how to make money on a video card have a lot of questions about exchanging bitcoins for real money. In fact, there is nothing complicated here. Cryptocurrency is cashed out in the same way as other banknotes. There are many online exchangers who are ready to buy BitCoin from you at the most favorable rate.

In addition, the sale of cryptocurrency is absolutely safe, as well as a completely anonymous transaction on the Internet. This fact attracts the attention of serious investors who are already starting to invest huge amounts in virtual currency.

Having a powerful PC and knowing how to make money with a graphics card, you can earn passive income by collecting and selling BitCoin. Good luck!

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