I have an RTX 3070 that I’m really regretting buying for $1250 (I know…), I’m trying to recoup some of the losses by mining although it’s quite frowned upon in the gaming and environmental community (sorry..)
I’m using the NiceHash Quick Miner which was really easy to set up, I’ve set it to medium optimisation (highest setting) and it’s giving me around 59 to 61 hashrate with 125W usage (around 470-490 efficiency). Temperature is 58 degrees with hotspot temp of 72. Should I leave this optimisation as is or should I tinker around with it to get a bit more out of it?
I’m getting wild fluctuations in profitability though, is this normal? It ranges from 3.5 dollars at minimum to 7 dollars at most. It’s usually around 5-6 dollars though.
I’ve done some things to optimise Windows for mining, namely setting virtual memory to 8GB and turning power mode to high performance and disabling sleep.
Do you think it’s even worth leaving it mining 24/7 for such a meagre profit? Is so, what can I do to increase my profit and power efficiency? Also, what is the best way to transfer the Bitcoins from NiceHash wallet and convert into AUD to a bank account?