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RE: Update: #2 Dedicated cheap miner
This is what I'm planning by the way. I have an i3 first gen with 4 gb ram and 450 watt psu which is not 80+ My gpu is so old it's beyond earning anything so when I come across a powerful but cheap gpu I want to give it a go. Thinking about nicehash as well.
If you can find a GT 1030 or a GTX 1050 or 1050ti they are all capable of earning Bitcoin on Nicehash. As I have shown you in these posts they are not going to make you rich but hey if you can earn 0.001 Bitcoin at 8k and Bitcoin goes to 16K, it has before, then you double your earnings. I don't talk about electric bill in my posts since I have a family that doesn't know how to turn off a light bulb or Television so in my circumstance I will have very little effect on my powerbill. I am sure that many out there are not in my situation then again many are.
You're right why not 0.001 btc if powerful gpus are out of reach? Of course 1080ti would be great because as difficulty rises it will be used for many years and profitable as well. I think 1050ti can be used for 1 or at most 2 years then it won't bring any profit.
What I want to ask is how is it possible for the same gpu to bring twice the earning in a more powerful system? The important component is gpu. Others are just there to let it work. Maybe your old psu did not give enough electricity to the gpu? It worked but could not work effectively is it possible? What do you think?
It is possible that is was only the PSU holding back the GPU. I will find out when I replace the PSU in the Cheapo system. The conditions under which the cheapo system was ideal (with the exception of the PSU) to be getting the max hash out of the system. It was a single card that was well within the rated power of the system. The card was in an atmosphere where the ambient temperature never exceeded 2 degrees C and the majority of the time the temperature was well below 0C. The things that make me wonder is the card still ran slightly over 40C and hashed lower than it did while it was in the 7th gen intel chip. The reference to 0.0001 btc was per day. I am not sure if a single GTX 1080ti could make 0.001 Bitcoin a day. That would mean it is earning 8 dollars a day at 8K. The most I have heard a single card making is closer to 6 dollars a day and I believe that was with Bitcoin at closer to 10k.