[munternet]

If you are converting to btc and HODLing it might be worth it or if you expect eth to go up but if you are looking for instant cash not so much.
I have a bunch of old GPUs mining and they kinda break even but I have to pay the electric so it's a bit like banking.
I mine my gaming PCs when they're not in use also so they pay their way
Just bought my RTX 3080 with btc

 

[THEROTHERHAMKID]

If you are converting to btc and HODLing it might be worth it or if you expect eth to go up but if you are looking for instant cash not so much.
I have a bunch of old GPUs mining and they kinda break even but I have to pay the electric so it's a bit like banking.
I mine my gaming PCs when they're not in use also so they pay their way
Just bought my RTX 3080 with btc

I've not got a clue about mining really and the different types of coin
I'm just trying to get into it
Seems complicated 😕 😅

 

[THEROTHERHAMKID]

Any advice would be much appreciated 🙏

 

[munternet]

Nicehash pays out bitcoin and is pretty simple to use with your gaming machine when it's idle.
Depends how much you want to get into it really.
Keep your earnings in a paper wallet off their server for security reasons or a hardware wallet if you get more.
It's a big subject really

 

[THEROTHERHAMKID]

Nicehash pays out bitcoin and is pretty simple to use with your gaming machine when it's idle.
Depends how much you want to get into it really.
Keep your earnings in a paper wallet off their server for security reasons or a hardware wallet if you get more.
It's a big subject really

Thanks for that im trying nicehash
How do I get a wallet ?
Can I just withdraw to the nicehash wallet?

 

[munternet]

Thanks for that im trying nicehash
How do I get a wallet ?
Can I just withdraw to the nicehash wallet?

Nicehash wallet is fine for smaller amounts but they have been hacked before and there were some complaints about everyone not getting the earnings back.
I assume they fixed that and paid it all back
Just do some research to see what suits you best.
A BTC paper wallet is fine for long term storage initially or just leave it in Nicehash while you do some research.
I don't leave large amounts on trading platforms as they can control your wallet potentially.
There are wallets for the mobile and wallets for windows etc

 

[BLKKROW]

I would highly recommend looking through some articles on Google about mining and how to securely store your crypto. Bitcoin mining has very slim margins if you are looking for an immediate return.

 

[THEROTHERHAMKID]

Thanks for the replies and help
I have a rx5700xt and keep getting alerts to use compute mode whilst mining although there is no option to use compute mode anymore it seems in the options ?

 

[DarkRyder]

might need to look in one of the sub forums for the guys that still mine for bitcoin. This is for the Boinc team, though we might have guys that have mined in the past we might not me the best source for current mining related issues.

 

[mooney4321]

use
WhatToMine - Crypto coins mining profit calculator compared to Ethereum
to chek your hash-rate.
5700xt should yield 51Mh/[email protected]
Dont mine on CPU. Not profitabel.
Also.. Home - Ethermine - Ethereum (ETH) mining pool.

 

[mooney4321]

How i did it..
1. Get eth wallet @ MyEtherWallet.com: Your Key to Ethereum
2. Setup and dwnld miner @ Home - Ethermine - Ethereum (ETH) mining pool
3 Use Awesome Miner - Manage and monitor mining operations to control your miners.
4 Register @ Kraken.com to withdraw your funds to SEPA bank account.
5 Make money.. ;-)