Let’s answer the main question right away: mining is still relevant and brings money. Equipment owners have realized this again after Bitcoin's recent surge. On October 25, the main cryptocurrency jumped to $10 thousand and pulled the rest of the coins with it. For example, Ethereum now costs about $190, although back in February ETH cost 103 bucks. In general, the conditions allow you to think about making money using video cards, including for beginners.
To save your time and increase your profits, we have found out in practice where it is more profitable to mine. And now the details of the experiment.
Mining experiment from 2Bitcoin
For testing, we took three Nvidia GTX 1070 Ti video cards. This is a popular option that is often found in modern computers. Accordingly, users will be able to “try on” earnings for themselves.
Other experimental conditions:
- on which platforms they mined - on the 2Miners, NiceHash and Kryptex pool;
- how long the experiment lasted - exactly a week. From 10:00 October 21 to 10:00 October 28.;
- is there a difference in earnings - yes, and significant;
- Are the results of the experiment suitable for other video cards ? Yes.
A little information on mining platforms.
- 2Miners is a popular mining pool where users’ video cards find blocks and receive rewards. There is support for 19 coins, and in PPLNS and SOLO modes. More than 9 thousand people consistently use the pool. Over the past month, the pool has paid out the equivalent of $2.53 million to miners;
- NiceHash is a service for renting computing power, where some users buy power from others. The updated version of the platform also received a cryptocurrency exchange, so users can exchange seven coins: BTC, ETH, XRP, BCH, LTC, ZEC and DASH;
- Kryptex is a “click and mine” platform for beginners. It uses the computing power of devices and pays for it in bitcoins or rubles. It is popular among beginners, since to work it is enough to install the program and register in your personal account.
What computers is Kryptex suitable for?
Kryptex works on any PC with 64-bit OS Windows 7, 8 or 10. Run the program and it will automatically determine whether your computer is suitable for mining.
There is no version of Kryptex for 32-bit Windows.
Internet speed does not matter, but the quality of the connection directly affects the amount of your income. To ensure a stable connection, connect your PC to the Internet via a cable or make sure that it is within range of reliable WI-FI reception.
You can install Kryptex on several computers at once. To do this, enter your username and password on all PCs.
How much does mining bring in 2022?
Before calculating the final profit from the experiment, let’s fix the cryptocurrency rate. Here is the cost of RVN at the end of the experiment - 2.95 cents.
Source: CoinMarketCap.com
The results of the mining week were as follows.
- 2Miners - 105.435 RVN or $3.11;
- NiceHash – 0.00033251 BTC or $3.08;
- Kryptex – 0.00024199 BTC or $2.30.
We immediately attach screenshots of the profitability that we recorded. First up is 2Miners.
Source: 2Miners.com
Here's a summary of NiceHash.
Source: NiceHash.com
And Kryptex.
Source: Kryptex.org
Differences in gpu and cpu mining
Of all the various components of your computer, only 2 elements are capable of producing power suitable for mining - this is CPU mining on a processor and Mining on a video card (GPU) or, in other words, a central processor and a graphics processor, better known as a video card.
Today, the most powerful CPUs can provide performance at 14 MN/s, while video cards (GPUs) have many times more computing power. True, they still won’t be able to work without a motherboard and central processor, and they “eat” too much electricity.
Earning money from mining - real money
But it’s too early to draw conclusions and name a clear winner. Earnings is one thing, but the actual money withdrawn is something else entirely. Let's look at the commission and minimum withdrawal amount for each platform.
2Miners: The minimum payout on the Ravencoin pool from 2Miners is 50 RVN. There is no withdrawal fee. It turns out that after a week of mining we can receive the entire amount to the wallet.
Source: 2Miners.com
NiceHash: balance in bitcoins, no commission, but there is a significant disadvantage. The minimum withdrawal amount is 0.001 BTC. This means that you will have to mine for at least three weeks to get paid. Therefore, regular payments will be quite rare.
Source: NiceHash.com
Kryptex: The platform does not reimburse the cost of the transaction in BTC, so taking into account the commission after withdrawal, our $2.28 will be reduced by 93 cents (fixed commission is 0.0001 BTC). So we'll be left with $1.35. This means that withdrawing small amounts from Kryptex to BTC is unprofitable.
Source: Kryptex.org
There are other withdrawal methods on Kryptex: Qiwi, Yandex Money, bank cards, WebMoney and others. Qiwi is not working at the moment - it will remain so until the first of December.
Source: Kryptex.org
Yandex Money takes one percent commission with a minimum payout of 100 rubles. The commission in the case of bank cards is 60 rubles + 3 percent, but you can only withdraw from 500 rubles. The commission on WebMoney is 3.5 percent. It is important not to forget that Kryptex turned out to be the least profitable this week, so any commission hits hard on your pocket.
The final results for withdrawing earnings in cryptocurrency are as follows:
- 2Miners : it was 105.435 RVN - you can withdraw 105.435 RVN;
- NiceHash : was 0.00033251 BTC - you can withdraw 0.00033251 BTC, but if you reach the threshold of 0.001 BTC;
- Kryptex : it was 0.00024199 BTC - you can withdraw 0.00014199 (fixed commission - 0.0001 BTC).
Where to begin?
It is quite important to start correctly, so these instructions will be quite useful to you.
1. At the very beginning, you should register your personal account on the website. To do this, you need to go to the official website of the project and click on the registration button
After clicking the button, a special Ajax window will be called up, where you need to enter your email and password. Then we accept the terms and click on the register button.
2. Then go to the “Download Kryptex” section, after which the download will begin. You can download kryptex for xp on their official website, and also download kryptex for 32 bits of any operating system.
3. Then install the program itself, indicating the path where you want to save it. After installation, you can log into the program using your registration data.
4. After logging in, you must undergo a test of your equipment before directly starting the program.
The program will run in the background automatically with the operating system.
Conclusions from the mining experiment
The results speak for themselves. At the same time, a dependence has formed: the more automation the service provides, the less the user earns. To increase your own income, it makes sense to install the necessary program, edit the .bat file and start mining. In general, it’s not difficult to understand the work on the pool - here is the setup procedure in video format. There are Russian subtitles.
Otherwise, the video card will not show maximum efficiency and will bring in less money. But there is good news: it only takes a few minutes to correct the situation.
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How to increase profitability?
The best option for making money through Kryptex is a desktop computer. You can also run the application on a laptop, but the profitability of its operation will be insignificant. The main influence on this characteristic is exerted by the video card, and the largest indicator is the size of its memory.
Important! Video cards with a memory capacity of 3 GB or more are ideal for running Kryptex. Cards of 1.5 GB or less are not used when the application is running in easy mode.
There are several important tips and notes from the authors of the program that will help you increase your earnings:
- The computer should be left turned on at night and at other times when it is not being used for its intended purpose.
- If it is necessary to pause the operation of Kryptex, the application must be paused, and not turned off completely.
- Carrying out manipulations to speed up a video card can either increase or decrease your earnings.
The driver version also affects the machine's performance:
- For Nvidia, it is better to use the latest software from the official website. The exception is 5xx, 6xx, 7xx and 9xx video cards when running under the Windows 10 operating system; for them it is often more effective to use older drivers.
- Any drivers will work for AMD. If profitability is low, you can try using version 15.12.
Important! After reinstalling the drivers, you must retest the hardware.
Download miner for processor
The main tool that organizes and carries out all the work of mining coins is a specialized program - a miner. There are currently more than 1,600 cryptocurrencies. Several hundred of them have the ability to mine at an amateur level.
Several dozen cryptocurrencies are suitable for processor mining, including Bitcoin. But only a few cryptographic currencies can be efficiently mined using a processor, and several algorithms and miners are suitable for each of them.
Best Intel Deal: Intel Core i9-12900K
Cores/threads : 16C/24T | Base frequency : 3.2 GHz | Boost Clock : 5.2 GHz | Rated power : 125 W | Average hashrate: 2370 H/s
- Strong single-threaded performance
- Improved multi-core capabilities
- Supports DDR5 memory
- Good overclocking margin
- Very high power consumption
- Requires new LGA 1700 motherboard
If you don't prefer using AMD processors and are looking for something from Team Blue, don't worry because this year's Intel Core i9-12900K processor is perfect for Raptoreum mining. Based on the latest Alder Lake microarchitecture, the new Core i9-12900K delivers fantastic mining performance with its 16 cores and 24 processing threads.
The new Core i9-12900K is capable of delivering 2370 H/s mining speed with a total power consumption of around 125 Watts. The CPU also supports DDR5 memory, which means its mining performance can even improve with more mature DDR5 memory cards. Despite the official TDP of 125W, the power consumption of this processor tends to increase to 240W, so investing in a good cooling solution is a must if you decide to overclock this processor.
Best Budget CPU for Mining: AMD Ryzen 5 5600X
Cores/threads : 6C/12T | Base frequency : 3.7 GHz | Boost Clock : 4.6 GHz | Rated power : 65 W | Average hashrate: 1820 H/s
VIEW ON AMAZON VIEW ON NEWEGG
- Very versatile processor
- Excellent single and multi-core performance
- Low power consumption
- Decent overclocking potential
- Reasonably priced
- No integrated graphics
If you're just getting started with Raptoreum mining and are looking for a relatively decent but not too expensive processor, consider purchasing the AMD Ryzen 5 5600X. It's not the fastest Raptoreum mining processor, nor is it the cheapest, but it offers the best price/performance ratio of all the processors listed here. Priced at around $300, the Ryzen 5 5600X can offer six cores, twelve threads, and a mining hashrate of 1820 H/s. Additionally, it is also good for mining Monero, which is great if you want to alternate between mining different cryptocurrencies.
The Ryzen 5 5600X can also offer very high single-core performance, which is surprising considering the fact that we are talking about an AMD processor. This processor also supports PCIe 4.0 and is fully compatible with older AMD 400/500 based motherboards, meaning it can save you money when upgrading from an older AMD processor. Overall, the AMD Ryzen 5 5600X is an ideal entry-level processor for mining CPU-related cryptocurrencies.
Installing a powerful processor
Leading computer CPU companies compete to create ever better devices.
The leaders in this industry are Intel and AMD. CPUs from Intel are considered popular and common among people involved in cryptocurrency mining.
But the latest developments of 8-core processors operating at high frequencies from AMD are forcing many specialists to pay attention to them. They are more economical in terms of energy consumption.
