As of right now, the short answer is “somewhere between 24-30 MH/s”. The long answer is a bit more complicated than that.
Let’s start with a quick overview of what Bitcoin mining is and why 1070ti’s are good for it.
Bitcoin mining is the process of verifying and adding transaction records to the public ledger of Bitcoin transactions (known as the blockchain). The blockchain is maintained by a decentralized network of computers that run the Bitcoin software.
In order to be rewarded for their work, miners must solve complex mathematical problems with cryptographic hash functions. The Difficulty of these problems adjusts every 2016 blocks, or roughly every 2 weeks, so that on average a new block is added to the blockchain every 10 minutes.
The 1070ti is a high-end graphics card released by Nvidia in 2017. It is based on the Pascal architecture and offers excellent performance for both gaming and cryptocurrency mining.
When it comes to mining, the 1070ti is particularly good at Equihash-based algorithms, such as Zcash (ZEC) and Ethereum Classic (ETC).
Now that we have a basic understanding of Bitcoin mining and the 1070ti, let’s talk about how much money you can expect to make with this card. To do this, we need to take into account a few factors:
The current Difficulty of the Bitcoin network
The current price of Bitcoin
The hashrate of your 1070ti
The power consumption of your 1070ti
The electricity cost in your area
Assuming you have all the necessary equipment (a computer with a 1070ti, proper cooling, etc.), your hashrate should be somewhere between 24-30 MH/s.
NOTE: WARNING: Mining Bitcoin with a 1070ti is not recommended. It will require a large amount of electricity and may not be cost-effective in the long run. Additionally, the difficulty of mining Bitcoin increases over time and so it may become increasingly difficult to mine as time goes on. Furthermore, you need to be aware of the risks associated with mining Bitcoin, such as potential losses due to price volatility or security risks. Finally, you must also ensure that your hardware is configured correctly and that you are aware of any applicable laws or regulations related to cryptocurrency mining in your area.
This number will vary depending on your overclock settings and which version of the 1070ti you have (founders edition vs reference design).
At the time of this writing, the Difficulty is 16.7 trillion. That means your odds of finding a block solo mining are 1 in 16,700,000,000,000 (roughly once every 589 years!). Of course, you are not solo mining – you are part of a pool.
But even with a pool that has just 1000 miners like you, your odds are still only 1 in 16,700! This is why it’s important to join a good pool with low fees and reliable payouts. I recommend Slushpool or Antpool.
Assuming you find a block (which is unlikely), you would earn 12.5 BTC + fees.
At current prices, that’s worth over $100,000! Of course, finding a block is not that simple. In reality, you are more likely to earn around $800 per month with your 1070ti – still not bad!.
To calculate your monthly earnings, we need to take into account your hashrate, power consumption, and electricity cost. Let’s say your hashrate is 25 MH/s and your power consumption is 120 watts.
If electricity costs $0.12 per kWh in your area, then your monthly earnings would be:.
25 MH/s * 30 days * 24 hours/day * $0.12 per kWh / 1000 watts = $108 per month
Not too bad! Just remember that these numbers are all estimates – actual earnings may be higher or lower depending on many factors including luck, changes in Difficulty ,and changes in the price of Bitcoin .
2 Related Question Answers Found
The GTX 1060 is a great mining GPU. It has a hashrate of around 21 MH/s and a power consumption of just 120 watts. This makes it one of the most efficient mining GPUs on the market.
As the value of Bitcoin continues to rise, so does the amount of electricity needed to mine it. This means that miners need to invest in increasingly powerful hardware to remain profitable. The GTX 1080 is a high-end graphics card that is popular among gamers and miners alike.
