What program is needed to mine cryptocurrency? What to consider when choosing mining equipment? How to mine Bitcoin and Ethereum using a video card on a computer?
It turns out that powerful video cards are needed not only by fans of spectacular computer games. Thousands of users around the world use graphics adapters to earn cryptocurrency! From several cards with powerful processors, miners create farms - computing centers that extract digital money almost out of thin air!
Denis Kuderin is with you, an expert of HeatherBober magazine on issues of finance and their competent multiplication. I will tell you what mining on a video card in 17-18, how to choose the right device for earning cryptocurrency, and why mining bitcoins on video cards is no longer profitable.
You will also find out where to buy the most productive and powerful graphics card for professional mining, and get expert advice on improving the efficiency of your mining rig.
General information about making money on a video card
The conversation about making money on your own hardware started with mining. As soon as Satoshi Nakamoto launched his Bitcoin, many users who saw potential in this currency used their PC resources to mine it. At first it was processors and hard drives, but in the end it all came down to one thing - video cards. They produce the most output and are often the most powerful part of the PC.
But now it’s no longer possible to mine Bitcoin on your video card, so you have to look for alternative ways to earn money. Let's figure out in this article how you can make money on your video card in 2022, whether it is promising and which video cards are suitable.
Which video cards are suitable for making money?
This question can be answered in different ways. In order to earn 10 - 20 rubles per day, almost any video card comparable in power to the Nvidia GeForce 1050 TI will do. 7th generation cards and similar ones will no longer be able to produce any competitive power, so their earnings will be around 8 - 9 rubles per day, at full load.
The pre-top configuration, that is, 1060 - 1070, can produce about 20 - 30 dollars per month in profit if you engage in mining. On other services that also use the resources of your cards, the profit will be slightly less. That is, you should not expect that you will receive at least 1,000 rubles a month on an old video card.
If you are not going to create a mining farm and, in general, professional cryptocurrency mining, then it is more logical to use the Nvidia GeForce 1050-1070 line. Video cards will bring a small profit per month, from 500 to 1,200 - 1,300 rubles, depending on the service.
What is the working principle
To earn money in this way, a special program has been created that can help companies in need and enrich you. It's called (but it's a secret!) “Rub-Lik”. The same one is in the Bitcoin system, so its reputation is beyond doubt. The program is installed on the computer. Then, it independently examines the video card, finds unused capabilities in it, and, without harm to you, will use them for the needs of any company. You get money for it, and you go about your everyday affairs.
The Rub-Lik program (the name is slightly modified by the presence of a dash) is fully automated and does not require any extraneous actions. That is, you launch it when you turn on the computer, and then do whatever you want. Rub-Lik enriches itself. Well, just free happiness! How stupid everyone else is that they don’t use such useful software.
The whole principle of the miracle program can be represented as a logical sequence of certain stages:
- Only download the program from the specified site;
- follow the instructions and upload it to your computer system;
- register upon first launch;
- go to the employer’s central system and set the percentage of external accessibility to the capabilities of your video card. Attention, it is important not to be greedy here! The higher the percentage you set, the higher your earnings will be;
- carefully minimize the program to the system tray (the panel at the bottom right of the screen where the clock is);
- All! You are the happy owner of millions, which Rub-Lik will very quickly earn and credit to the specified wallet.
And most importantly, what the amount of earnings depends on is the rated power of the video card and the value of the established percentage of availability.
I quote the newly minted millionaire bloggers: “The use of such a program guarantees one hundred percent absence of viruses and other malware! It does not affect the video card in any way, that is, the absence of negative consequences is absolutely guaranteed!” - an extremely stupid and illiterate statement that I came across while trying to find at least a tiny piece of adequate information on this topic.
Bloggers who want to make you rich strongly advise you to always keep your computer on in order to make more profits. If you need a video card, just reduce the percentage of the resource used in the settings.
Services for making money on video cards
Now there are several services on the network that provide the opportunity to earn money on their video cards.
Wmzona is an old mailer that several years ago expanded its capabilities, changed its design and gave users the opportunity to earn money not only by viewing ads and completing tasks. Earning money on a video card depends on the complexity of completing tasks (i.e., on the power of the card itself). It depends on the settings of the equipment, video card, system load, etc. Getting started is simple: install the program, go through the basic setup procedure, leave it running, and make a profit.
LtCraft is the same service that uses the resources of your PC for mining. There are no special differences from the previous option, except that you can also use the resources of your processor if you have a weak video card. With top-end video cards you can earn up to 3,000 rubles per month.
IPUservice is no longer about video cards, but it is worthy of mention. As the developers say, they do not engage in mining, but use your processor for their own calculations. It’s hard to guess what they actually do, but they pay regularly. On a normal processor you can earn up to $1 per day - 30 per month. Quite a normal result. Judging by the statistics, the number of payments has already exceeded $500,000.
None of the services have any problems with withdrawing money. They do provide an opportunity to get paid for using your equipment. The only problem is that the payout amounts there are very small.
These three services will not allow you to really make money on your video card. And in general, mining becomes profitable only when you do it directly, with good equipment and your own mining farms. A single PC simply does not have enough capabilities to make any profit, which means that you have to unite in groups.
The most obvious disadvantage of the merger is the service commissions. Profit is distributed according to the invested capacity, but the main problem is that part of it goes into the pocket of the one who provides the opportunity to earn money. That is, you would already receive very little money, but you will receive even less due to service commissions.
A few more words about cryptocurrencies. A single PC will not have enough power for the most popular cryptocurrencies, that’s for sure. But in order to mine promising altcoins, you can use even somewhat outdated video card models. This cannot be considered as income, because if you mine crypto on an old PC and do it in normal volumes, it often costs less than a few cents.
This is a kind of investment option in a new crypt. You can buy it on the exchange or mine it on your own PC. The result won't change much. It's just that in one case you will spend money, and in the other - video card resources and time.
This is probably the only noteworthy way to make money on your own video card. This way you can get the Nth number of the new cryptocurrency, perhaps after some time it will rise in price, and your efforts will be justified. However, there is a small catch - you never know which crypto will take off. Hundreds of ICOs enter the stock market every month, dozens of cryptocurrencies are launched every week.
And it’s simply unrealistic to know which asset will be received positively by the market and which one will become a scam a week after its launch. Therefore, this is a kind of game in the dark. You don’t know which crypto will be in demand, you place a bet, mine it, and if everything is successful, you are “on the horse.” Judge for yourself, those who invested in Bitcoin have long been millionaires. Who knows, maybe a second Bitcoin is on the way.
What is mining?
The definition of mining has come into use quite recently; it is a type of process for extracting cryptocurrency, Bitcoin.
Bitcoin is, in simple words, a new electronic payment system with a monetary unit of the same name, with its help you can buy goods or services via the Internet.
Accordingly, the way to earn this currency is to mine using your computer and, in particular, a video card. One of the features of the above-mentioned electronic currency is that the factor influencing its rate does not depend on government regulators. The currency is not stored in the treasury bank of any country, but only in your wallet, computer.
It is possible to earn cryptocurrency using computer power through the calculation process that occurs in a video card. Such calculations are necessary for the operation of the Bitcoin system itself; each user receives money for their work. Thus, mining means the process itself; with its help, electronic currency is mined through the use of computer power.
Bitcoin
Making money with a video card: practical tips
If you still want to make money on your video card, I have prepared 2 tips for you that will help you work longer. You won’t earn more, but at least you won’t kill your hardware in six months.
1. Constantly check the temperature of the video card.
Since the video card will operate at maximum, it is quite possible that it will become hotter. Even in video-intensive games, a good graphics card will not be used at 100% of its capacity. And in applications for making money, it is consistently used “to the fullest.”
That is why install the GPU-Z or AIDA64 utility on your computer. Launch it, see to what degrees the video card has heated up. If the temperature constantly exceeds 80 degrees, then it is necessary to work on the cooling system. If this is not done, there is a high risk that in a month or two it may simply burn out.
2. Try to use your own used card.
The payback period for one video card in mining is 1 year. If this is a top card, then about one and a half.
3. Do not overload your computer.
If you use your PC to earn money, try not to load it with anything additional. Even the enabled browser will use resources, which means:
- Your earnings will decrease.
- Wear will increase.
That is why I recommended using old video cards and PCs in order to make money on them. If you have upgraded your hardware, you can sell your old one or use it to make money. Both options will be quite profitable. The first one is even more reliable.
If you make money on used hardware, carefully monitor the temperature and make a good cooling system, it is quite possible to recoup the cost of a video card in a year or two. Depending on what service you use to earn money.
Profitability and payback
In our articles we have already looked at the payback of mining, provided current data for 2022, and it was clear that a video card pays for itself in an average of 150 - 200 days, excluding electricity. That is, this is a plus or minus of annual investments, and after 10 months you can already start making a profit.
But that was almost a year ago and in the context of mining farms. Now everything has changed, the deadlines have increased, the legislation still stands still, and earnings from video cards have decreased significantly.
Judging by the reviews, you can earn 3,000 rubles per month on pre-top video cards like 1080 TI, which can be found for 70,000 rubles. This is quite small, especially considering that in a year it will begin to generate less profit, because the algorithms are constantly becoming more complex.
That is, the real payback period for such a video card will be 2 - 2.5 years. A single PC with such a video card will pay for itself in 3 years if it is constantly idle. It's just a waste of money. If you want to make money passively on video cards, study mining, build your own farm and mine cryptocurrency.
Or use cloud mining services. But you are unlikely to be able to make money here, simply because the hardware wears out, becomes obsolete and can no longer cope with the same amount of work in a year. It is precisely because profits will gradually fall that I said that it is worth using your own used equipment, which is only suitable for selling second-hand.
We're falling from heaven
Dear reader, of course, you guessed that this was all untrue. I specifically tried to describe such a promising, super-profitable way of earning money in a humorous way. You are an intelligent person and I hope that such tales are popular among pseudo-bloggers and similar riffraff. No companies, especially large corporations, of course, are interested in our computer power. They have been using computers for a long time, which will appear on the free market only in five or two years. Their capacity is multiple.
Please do not fall for such fabulous “mountains of gold”. They will bring nothing but damage. The easiest consequence is the time spent on installation and configuration. The worst is an extremely dangerous virus in the system or a burned out video card!
