Bitcooin mining with D3 and x11

Bitcoin Questions and AnswersCategory: General questionsBitcooin mining with D3 and x11
Eli Oklejas asked 3 months ago

We are newbies to crypto mining. We purchased a D3 antminer with power supply for about $1100. Our net power cost is $0.06/kwh. We are running X11 and the mining pool is Nicehash. First question: We are mining Bitcoins at the average rate of 0.0008 BTC/day. Yet, most websites say x11 and D3 miner can not be used to mine Bitcoins. Second, we are netting about $100/week which seems far higher than mining calculators indicate. Any information would be appreciated. Thanks.

1 Answers
Steven Hay answered 3 months ago

Hi Eli,
 
OK, so the D3 can only mine the X11 algo. The trick here is that the Nicehash site pays out in Bitcoin. So I suspect that you’re mining Dash (or another X11) coin on Nicehash but getting paid in Bitcoin. Hope that clears up the confusion!
 
The fact that certain coins are more or less profitable than Bitcoin to mine, explains why you’re getting a better rate than expected for Bitcoin mining (seeing as you’re not mining Bitcoin!).
 
For more on the profitability of mining different coins, see these sites:
 
https://www.coinwarz.com/cryptocurrency
 
https://btcgo.org/coin/mining/

Bitcoin Video Crash Course 

Know more than 99% of the population about Bitcoin. One email a day for 7 days, short and educational, guaranteed.