More than 250 rubles per day with GeForce GTX 1060 in May 2022 - a reason to mine even on one video card

The GTX 1060 video card model was released by Nvidia in 2016. Over the past 5 years, it has not lost its relevance and is popular for farms in 2022. The parameters of the GTX 1060 card are overclocked for different mining algorithms for Ethereum, Flux, Swap and other profitable currencies. We will tell you in order what current drivers and firmware are used for currency mining, what characteristics and hashrate can be achieved by downvolting.

Choosing a GTX 1060 for Mining

The company offers 2 modifications of the GTX 1060: 6 and 3 Gb, which demonstrate a good hashrate when mining Ergo and Ethereum coins. For a farm, you should choose a model with 6 GB of memory. Mining Ethereum requires more than 1 GB of memory to solve 1 block of a DAG file, so the profitability of a 3 GB card is reduced. The GTX 1060 card can be overclocked for ETC+ZILL dual mining, but the predictions do not ensure the integrity of the DAG file level.

The average cost of a GTX 1060 6 Gb from manufacturers Gigabyte, ASUS, Palit reaches 22.5 thousand rubles, despite the new products, overclocking allows you to make a profit in mining as on powerful equipment. It is important to ensure room temperature and good ventilation. It is worth noting the GTX 1060 model from ASUS, which has additional ventilation and, coupled with downvolting, good profitability. You can pay back the purchase of the card within six months while maintaining the Ethereum exchange rate (more than $1,500).

The first question is: is it possible to use a PC while the video card is mining?

You can not only watch movies or surf the Internet, but even play old games. The hashrate will drop a little, but not enough to worry about. The video chip is not as important as the video memory when mining Ethereum, although it is constantly loaded at 100%, and this allows you to use the PC as usual.

The only problem occurs when playing movies encoded in H.265 or HEVC format. These formats are demanding for video acceleration and unpleasant jerks begin during playback. There may also be jerks when operating the browser, but they can be easily avoided by disabling hardware acceleration in it.

Characteristics

Thanks to its characteristics and capabilities, the GTX 1060 card has firmly established itself in PC gaming and Ethereum mining . Nvidia has released a card with a 5th generation GDDR5 memory module. The volume of built-in memory of the GTX 1060 is 6 or 3 Gb , while the price of the product is low, which affects the quick payback in mining. Geforce developers equipped the GTX 1060 with Pascal microarchitecture, which has a bidirectional interface and ROP 48.

The model has basic settings: standard core frequency - 1506 MHz, turbo - 1708 MHz and memory frequency - 2000 MHz. The video chip has 1280 shader units and a bus width that allows you to transmit 192 bits of information in 1 cycle. To power the GTX, 120 W power is required, and for mining and overclocking, no special modification of the motherboard is required, since the video card is inserted into a 6-pin connector. The Nvidia GTX 1060 video card allows for good acceleration in mining on both Windows 10 and Linux or Have OS. Built-in 16nm chip ensures low power consumption.

The third question is whether the video card will overheat when mining in a closed PC case?

You've all seen photos of open farms where video cards are in rows, with large gaps. This installation method allows you to avoid overheating, but keeping such a farm in a living room is unsafe if you have small children or animals. A regular PC will allow you to mine around the clock without overheating the video card if its case has good ventilation. If you have an old case, or a compact MicroATX case, it makes sense to think about replacing it, especially since they are not expensive now.

Cases with a mesh front panel and the ability to install several fans for blowing in and out are ideal, for example, FORMULA F-33RGB , which costs only 3,030 rubles in Citylink.

Or the slightly more expensive FORMULA V-LINE FROST-07 for 3,550 rubles.

When working for a long time, even a cheap power supply can overheat, and if you have long been thinking about replacing it with a better one, then mining is a good reason. For a PC with a GeForce GTX 1060-level video card, a high-quality 500-watt power supply, for example, SEASONIC CORE GC-500 (SSR-500LC) , with an 80 PLUS GOLD certificate and a 7(!) year warranty, is quite enough.

Profitability of Nvidia GTX 1060 6Gb card

An explosion in popularity and profit, the Nvidia card has already passed its peak since 2016, extracting about $2 per day for miners. We present the values ​​of the current year and included the 5 most profitable algorithms for obtaining cryptocurrencies.

Over the course of 2022, the profitability of the card has dropped slightly, while in the spring it brought in about $2, today the GTX 1060 6 Gb mines a little more than $1.5. 1060 video cards from the factory have different types of chips built into them: Samsung, Hynix. They differ in power and directly affect the performance of farms. It is known that mining on 1060 6 Gb cards with a Samsung video adapter is more productive than accelerated Hynix ones, giving a hashrate of about 24 Mh/s.

Installation and configuration process

On his advice, I installed NiceHash Miner Legacy (you can download it from the official website). It does almost everything automatically. Everything there is in Russian, it’s hard to make a mistake. It takes some time to benchmark at first. Then, when all the values ​​are calculated, you can choose the algorithms for the processor, video card and whether they will work together. I checked both boxes, since I didn’t intend to sit at the computer at that time, so I could load it at 200%. Finally, press the “start” button and the process begins. The program decides what type of cryptocurrency to mine at its discretion. In the settings, you can uncheck those currencies that you consider unprofitable, but the situation on the market is constantly changing, and it is not at all a fact that you will win this “lottery” if you mine, for example, only ether or zikesh.

Hashrate of Nvidia GTX 1060 6 Gb cards

It is worth noting that in mining, over a long period of using the Nvidia 1060 6 Gb video card, many successful algorithms have lost their relevance. This applies to Handshake, Lyra2REv3, TimeTravel10, etc. Mining Ether coins remains profitable. The following algorithms demonstrate high hashrate.

How to reduce energy consumption?

To save on energy bills, you need to perform a downvolt. The power consumption of the video card will decrease with a slight decrease in the hashrate.

This advice is relevant for mining ether and other cryptocurrencies, when the hashrate depends little on the core speed. By setting the card to work with a 70% energy consumption limit, the Ethereum mining speed will decrease by 0.3 MHS/s.

The low price of electricity, a small rate of digital coins will bring an extra couple of dollars per month from each GPU.

The GPU device can operate with fans turned off while reducing power consumption.

Overclocking Nvidia GTX 1060 6 Gb for mining

The most popular program for mining on the GTX 1060 is MSI Afterburner (updated to 4.6.3). The utility has a clear interface and allows you to quickly overclock your video card parameters. Just like for other models from the manufacturer, we use two indicators in the settings: Core Clock and Memory Clock. The first value changes the clock frequency of the video card, we increase it. Memory Clock is responsible for memory - an increase in frequency is also required.

It is worth carefully looking at how the GTX 1060 card reacts to the new parameters and how correct the overclocking was for crypto mining. If errors occur frequently, empty balls come across, overclocking may have occurred. After correcting the data, the system and its stable operation will be improved.

Mining with overclocked GTX 1060 3 Gb is rare today. When it appeared on the market, it was a success, but its memory is not enough to obtain a DAG file - a special block for ETH mining, the weight of which has exceeded 1 Gb and is still growing with each epoch.

Overclocking Nvidia GTX 1060 6 Gb for Ether mining

Ether mining with an overclocked GTX 1060 6 Gb with a Hynix chip allows you to mine $1.6 per day. The following mechanism works effectively on the Etash algorithm: the core frequency is reduced and the memory is increased. This is how we get the maximum hashrate with low energy consumption of 80-90 W and a cold card. Average acceleration rates:

1. Memory frequency +1000 MHz.
2. Energy consumption 60-76%.
3. Temperature up to 70°C.

The hashrate increases up to 25 Mh/s, even at a reduced energy of 70W.

Ethereum Classic (ETC) mining on 1060 3 GB

It's still possible to mine ETC on 1060 3 GB in 2022! Nvidia 1063 is still mining this coin in profit.

For example, at the time of writing, from 1 video card per day you can get - $0.94 dirty (without deduction for light):

How to mine ETC on 1060 3GB?

In order to start mining ETC on Nvidia 1063 you need to complete the following steps.

Step 1. Selecting a wallet

First, you need to create a digital coin wallet, which will receive rewards for mining. The following wallets are suitable:

• Exchange wallet (for example): Huobi, Binance
• Official wallet
• Hardware wallet (Trezor/Ledger)
• Multi-currency wallet

Choose a method convenient for you and get a digital coin wallet.

Step 2. Selecting a mining program

We know that Ethereum Classic runs on the Etchash algorithm. This means that the following programs are suitable:

• Phoenix miner
• Nanominer

Choose a program that is convenient for you.

Step 3. Selecting a mining pool

Ethereum Classic has many pools and choosing one that is convenient for you will not be difficult. Here is an example of large and not difficult to set up pools:

• nanopool.org
• ethermine.org

Step 4. Setting up the Bat file.

Now you need to configure the Bat file of the program that you downloaded.

Example of setting up a Bat file for the Phoenix miner program:

PhoenixMiner.exe -pool eu1-etc.ethermine.org:4444 -wal 0x7v9dd9150cG06819a9216525931R3q55e224Q121 -worker Phoenix -pass x -log 0 -retrydelay 1 -tt 79 -tstop 89 -tstart 85 -Rmode 1 -fret 1 -rate 1 -coin etc pause

Read more about how to configure the Phoenixminer program on our website.

Algorithms for profitable GTX 1060 mining in 2021

In mining 2022, mining large Ethereum with GTX 1060 6 Gb will be the most profitable currency. Perhaps when the currency switches to PoS algorithms, Cuckaroo29s, CuckooCycle, Zcash and MTR algorithms will become profitable. Mining on 3 Gb of the 1060 model also brings in the Revencoin currency, and the Ethash and ProgPowZ algorithms are also profitable.

GatX 1060 hashrate and mining speed using different algorithms

To focus on the speed of obtaining blocks in mining to reach high levels when overclocking the GTX 1060, we suggest that you familiarize yourself with their current values.

What to mine on 1080ti?

1080 Ti's abundance of memory

is capable of
mining
Grin using the CuckAToo-32 algorithm, but from time to time Ravencoin, Zcoin and other altcoins also appear in the top profitability.

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Real earnings on GTX 1060 6 Gb

These video equipment models with 6 GB memory continue to benefit crypto farm owners in mining. Considering that 4 GB AMG video cards are already on their way out and are becoming unprofitable when mining ETC and ETH, their place will be taken by the GTX 1060 models. The currencies Ravencoin and Equihash are showing stable dynamics. According to NiceHash statistics, using a number of algorithms and techniques for overclocking cards, daily earnings are

1. Ethash - 21.45Mh/s (about 0.00076 BTC/day).
2. Lyra2Rev2 - 21.32Mh/s (about 0.000524 BTC/day).
3. X11 Ghost - 8.19Mh/s (about 0.000588 BTC/day).

The average six-month earnings of 1 farm for the first half of 2022 with 6 GTX 1060 cards, excluding electricity, was:

1. Ethereum - $456 (using the Ethash algorithm).
2. BitTubeCash - $258 (based on the CuckooCycle algorithm).
3. Firo – $249 (MTP).
4. Tent – ​​$203 (Zhash).
5. Veil—ProgPow—$180 (PogPow).

Is it worth mining in 2019?

A week of mining on a video card will not allow you to immediately buy a Lamborghini along with a yacht, but it will bring you some money. At a minimum, you will be able to save money for a new card and double your income. And there it’s not far from a full-fledged farm with eight GPUs.

The cryptocurrency market is growing steadily, and you need to take advantage of it. For example, on January 1, one Ethereum coin was offered at $134, but today the rate is $274. So even a banal purchase of cryptocurrency at the right time would allow you to get double profits and make good money.

In general, yes, mining at current rates is definitely useful and profitable. The 2Bitcoin resource will help you learn more about mining and cryptocurrencies, and for tips on setting up and overclocking video cards, go to this Telegram chat.

Impact of reducing energy costs

In regions where the price for 1KW of electricity is high, many do not risk mining cryptocurrencies. But there is a way out - to use lower power values ​​for the video card, while maintaining the efficiency of the farm. When mining with a 1060 card with 6Gb memory, many currencies consume around 90W. Downvolting will reduce electricity use by 20%, and the hashrate will drop by a maximum of 0.2 points. This will reduce the operating temperature of the unit, which will extend its service life. The acceptable value of the obtained hashes is 23.5-24.7 Mh/s with energy consumption of 80W, the farm will continue to make a profit by reducing electricity costs.

The fourth question is how to choose a pool and a miner?

Choosing the pool on which you will mine, and the miner program itself, is quite complex and there are hundreds of pages dedicated to this on mining forums. Fortunately, you don’t have to worry about this issue and, as miners like to joke, just click the “get money” button using a ready-made and convenient service for novice miners, for example NiceHash. All you need to do is register on the service, download and install the miner program and 20 minutes to figure out the nuances.

NiceHash has a convenient rig manager and an exchange for exchanging cryptocurrencies, and payments go directly to BTC, which is very convenient.

Important knowledge for a novice miner

I will write some tips for those who have just learned about the existence of cryptocurrencies and want to make money on them:

1. Before starting this dubious undertaking, you need to weigh the pros and cons. There have already been cases where an inexperienced miner ended up at a loss.
2. Iron ages. It’s not a fact that in a year (when the equipment pays for itself), you won’t need to buy everything again.
3. You cannot play and earn money on the computer at the same time.
4. The more video cards, the more noise. Good cooling is important.
5. The profit from mining is directly proportional to the invested funds. Finding the golden mean is a difficult task.

Results of the experiment

We can assume that my little test was successful. My computer earned 0.01 bitcoin in a month (from August 24 to September 22). This did not affect the amount of electricity consumed, because I did not install a separate meter, and the general apartment one shows different values ​​every month due to irregular energy consumption. But I assume that the amount according to our Far Eastern tariff was no more than 200 rubles.

0.01 bitcoin at the current rate is approximately 2,400 rubles. If we calculate the estimated payback, then for my configuration it will take approximately 30 months (0.3 BTC), provided that the purchase of the computer cost approximately 80 thousand rubles. I came to the conclusion that this is not profitable. Therefore, on September 23 (when the indicated amount fell into my wallet), I stopped the miner and turned off the system.