It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
According to the GPU profitability ranking on the What to Mine website the Radiant (RXD) crypto is currently the most profitable coin to mine on most GPUs thanks to the recent spike in popularity and price. It is the top coin in profitability for almost all Nvidia GPUs and some AMD ones with Kaspa (KAS) also finding its spot in number two and three in terms of profitability on some and Alephium (ALPH) as well as some other coins jumping in from GPU to GPU. Do note however that depending on your custom settings you might be able to achieve even better profitability thanks to increased performance or decreased power usage or both. We have some guides you can check out for optimizing performance and power usage for both RXD and KAS that might be of help here, regardless if you are mining and holding or selling the mined coins immediately.
– Optimizing Kaspa (KAS) mining for best performance with lolMiner 1.64…
– Optimizing Radiant (RXD) mining for best performance with Bzminer v12.1.1…
Both KAS and RXD are using different GPU-intensive mining algorithms for their Proof of Work (kHeavyHash and SHA512256d), so they key optimizations you can do for achieving lower power usage with maximum performance include lowering the memory to the minimum frequency supported, increasing the GPU clock together with a core clock offset to lower the voltage and the result is quite big improvement in terms of power efficiency while maintaining very high performance. Give it a try if you still haven’t and are already mining Kaspa or Radiant or are planning to do so switching form Ethash/ETChash mining for instance.
– Visit the up to date GPU profitability ranking on What to Mine….
With the current low prices of altcoins and low mining profit in general it is always a good idea to check for potential new coins – either new releases or ones that have higher profit at the moment. So a new profitability mining calculator is always handy to have, especially if it offers more algorithms and supports more coins that other more established and well know such services. ShitToMine is a new such service that offers a more extensive mining calculator, covering more mining algorithms, including even some CPU ones as well as with more coins – over 300 being tracked at the moment.
There are presets for automatically setting hashrate and power usage for the latest generation of Nvidia GPUs, though unfortunately not available for all of the supported algorithms, so you will still need to fill in some values manually. Unfortunately no option for CPU algorithms or AMD GPUs at the moment to help you with hashrate and power in order to calculate profitability easier, you have to do it manually. Do note that there is also a section for ASIC miners with algorithms for the ones available where you also need to manually fill in hashrate and performance.
There is apparently more work needed to be done, it is still beta version, but it looks promising and can be useful, so we do recommend that you give it a try and see if you may find something useful as information and that goes not only for the mining calculator.
– For more information and to try out the ShitToMine Mining Calculator…
It seems that there are already more than enough X11 ASIC miners available in order to essentially kill the profitability and make the purchase of a new X11 ASIC unprofitable on the long run. So what remains is the purchase of a small and affordable X11 ASIC miner for hobby miners that are not there just for the profit like most other miners are. Here is a quick check for the different X11 ASIC miners to see what daily profit you can expect via the What to Mine service. It seems that among the more established X11-based coins (they are not many and that is one of the problems for X11 ASICs) currently the most profitable one is Adzcoin (ADZ) followed by the leasing of your X11 hashrate at NiceHash and mining for DASH is a few steps below.
PinIdea DR-1 500 MHS X11 ASIC Miner:
– Adzcoin (ADZ) – $11.52 USD equivalent per Day
– Nicehash X11 – $7.05 USD equivalent per Day
– DASH – $6.39 USD equivalent per DayiBeLink DM384M 384 MHS X11 ASIC Miner:
– Adzcoin (ADZ) – $8.84 USD equivalent per Day
– Nicehash X11 – $5.42 USD equivalent per Day
– DASH – $4.95 USD equivalent per DayBaikalminer 150 MHS X11 ASIC Miner:
– Adzcoin (ADZ) – $3.42 USD equivalent per Day
– Nicehash X11 – $2.09 USD equivalent per Day
– DASH – $1.87 USD equivalent per DayPinIdea DU-1 9 MHS X11 ASIC Miner:
– Adzcoin (ADZ) – $0.21 USD equivalent per Day
– Nicehash X11 – $0.13 USD equivalent per Day
– DASH – $0.11 USD equivalent per Day
The numbers above are based on the current exchange rate and do not include power costs for running the miner, so they are for the revenue you get from the miner, not the actual profit that remains when you deduct the power costs. As you can clearly see the X11 ASIC miners are already pretty expensive compared to what they are able to deliver in terms of daily earnings. If the situation remains like that you might be looking at something getting close to a year to get back your investment before starting to actually earn something on top, and things will most likely get even worse before (if) they start to get better. So if you already have an X11 ASIC miner you might want to either sell it or look for new coin launches that may temporary increase your mining profits. People that are not yet aware of the presence of X11 ASIC miners on the market that are rapidly increasing the hashrate should forget about mining X11 with their GPUs.