Sandman
Distinguished Member
I received some very helpful instructions from a fellow forum member on how to start mining for Bitcoin with my 3069ti GPU. I have been mining now for almost 2 weeks and to be honest I still don’t really understand exactly what mining is. All I know is, once I set it up I have done nothing and now have about £50 worth of Bitcoin in my account for 10 days worth of mining. I have used about £10 of electricity to do this so that leaves £40 profit.
Now what I don’t understand is why my mining has slowed drastically over the last few days. I understand that the value of Bitcoin has crashed drastically in that time but why am I mining roughly half the amount of Bitcoin I was this time last week? My hashrate hasn’t changed but I am mining roughly half the amount of Bitcoin I was previously getting. Can anyone help me understand this? The actual current value of Bitcoin doesn’t concern me as I don’t plan on cashing out for a few years but I would like my productivity to go back to the previous higher rate.
I’m using nicehash if that matters.
Now what I don’t understand is why my mining has slowed drastically over the last few days. I understand that the value of Bitcoin has crashed drastically in that time but why am I mining roughly half the amount of Bitcoin I was this time last week? My hashrate hasn’t changed but I am mining roughly half the amount of Bitcoin I was previously getting. Can anyone help me understand this? The actual current value of Bitcoin doesn’t concern me as I don’t plan on cashing out for a few years but I would like my productivity to go back to the previous higher rate.
I’m using nicehash if that matters.