Topic: $10,000-15,000 rig - page 3. (Read 3752 times)

Buy btc and just hold.. Trust me with the amount of hassle that the s7's have been for being a  first timer id strongly suggest against it.. If you are looking for lots of gray hair and a community thats very interesting to say the least then you have come to the right place..   By all means jump right in.. But all those guys telling you that 9 cents is too high well they are right.. and to dump 20k into altcoins is even more risky.. I will say ethereum is most promising but it will go Proof of stake and you will be stuck with a bunch of graphics cards that may not be profitable to run.. Anyway just some things to think about.. Asic game for the home guy has been over for a bit.. All those that bought later batches of s7 gonna cry when this s9 comes out.. Its really sad that this process just keeps repeating itself and noone seems to wise upl.  Soon as a new miner comes they all forget the last few months of fuckery from bitmain and are ready for the money machines to be released.. I dont get it personally. but to each their own..

Edit also you wouldnt want to buy a miner just before halving as they are going to charge double to trick those that cant do simple math or are just too lazy and they will get popped.. But seriously no miners should be bought till after mid july.. wed have to have billions of dollars come in to double the price so i have a gut feeling the price of btc def wont double. But im sure will rise some.. Something else to ponder.

Best Regards
d57heinz

This should give you a good understanding of how well there machines are built.  https://bitcointalk.org/index.php?topic=1420909.0
https://bitcointalksearch.org/topic/m.14820802  closed source software that possibly can destroy the miner.. With all the defects this idea isnt that far fetched.. To me sounds about right with there past track record.  I def wouldnt update my firmware if that was even in question.  And sad thing is Bitmain at one time was trusted.. But they too got greedy and shot the diff sky high on us.. Self mining with the hw they make for pennies on the dollar.. Its sad to me that money can destroy so much yet people still think its the greatest thing on earth..


see this is one happy guy here.  https://bitcointalk.org/index.php?topic=1165628.msg14801607#msg14801607  price now is 450 ish.  Way more profit then he could ever do buying these machines.. Not to mention bitmain has been figuring out the price and upping it and upping it to the point now you have to have less then 5 cents with 12 month roi lol..  Again like with cloud mining why would these companies want us to make the profits .. Its like leaving it on the table.. They dont think this way at all.  And now that they are in data centers with 2 cents per kw power  they can up it a bit more yet.. Just so those with decent rates wont bother either..   Again we have to switch modes and start buying it instead of letting these guys constantly milk us to death..   Id say its obvious im over it lol..

ONE last edit.. For those of you in the know.. The fact that sidehack hasnt got any chips to work with when he was the only one looking to help us out should speak volumes!!!

I can only applaud this reply. LIke you i also had a setup for the same kind of money. In the end o was able get some ROI, but when you compared the time spent it's was in no way profitable.
Sure it was fun and therefore I don't regret it, but today I would rather wait for a low price to buy bitcoins then to step in and start a mining operation.

I hope this helps you.

And for those mentioning spending on GPU for ether it sounds good currently.  But what scares me is longterm the difficulty.  If most miners turn on a rig or two... difficulty goes up. It is getting more popular and difficulty is going up.

Look at last 30 day's - https://etherscan.io/charts/difficulty .   That is like 30 percent or so up if my math was right.

Remember you were not the first one who thought about this.
If you are serious I would recommend you buy some S7 miners first.

Learn how to mine and calculate if your earnings will give your ROI within a certain period.

Remember that most of unknown factors are not clear
- Your miners eventually will come 'useless' since the difficulty will increase
More info here: https://bitcoinwisdom.com/bitcoin/difficulty

- Your time is valuable, and miners are like woman, they need a lot of time of care.

- The price of bitcoin is a factor which can blow up the whole operation, there is no guarantee the price go up or stay the same...

PSU's are not a bad thing to spend on either.  If you ROI on one it's nice to have around for future projects.  I used some of my RM1000's from long ago on a rig that I'm messing with ether on. 

And if you end up not using the PSU again keep the box, and everything and you can sell for a decent amount of your money back on quality PSU's.  At this point I pretty much keep all equipment boxes.

i can tell you what i like for the basic equipment

now i have a rig that is half done, composed as follow

asrock h81 pro btc
G1840
8GB ram sniper 1866(better bang for the buck)
ssd 120(again better bang for the buck, cost the same as 64gb on amazon)
corsdai 1500i, i like high and reliable psu, don't mine spending on this
6 x riser, ribbon
6 x nvidia 970(i would wait for nvidia 1070 at this point, i'm selling mine for them) with those you can buy 1k psu and be good

A six card rig is 2300 to 2600 usd.

Six r9 390 = 1900 get power color r9 390 .

Then a motherboard. Is 100
A cpu is 100
Windows 7 50
Quality evga psu 1600 g2  325
Ram 50

About 2550

Rig mines about 160 mh uses about 1400 watts.

1400 watts is about 110 usd in power cost the rig will earn 475 a month before power

So 360 back each month means break even in 6 months.  And the rig will still have value of more then 1000

So 2500 in and 3500 back in six months.

No btc rig has that right now.

I still suggest do some eth coin mining if not a big rig like the one I mention

Do a small rig for 1000.
Do not buy any asics with 9 cent power for btc.
Now on a month asics will come out with lower power use.
You can be ahead of the curve for six months on the power side if you buy a s-9 when it comes out.

I have a  batch 2 s-7 I got it in October 2015. I have 13 cent power and we are in 2016 eight months later I am still ahead of the power curve.

If you buy an s-7 now it has worse power rating then the batch 2. And in July 2 1/2 months from now the 1/2 ing comes and you fall behind on the power curve.

So for a nine cent guy the s-7 or Avalon 6 is about to go bust on the power curve .

At 9 cent's I'm still not sure I would throw 10-15k into altcoins still.   I think finding a new location with cheaper electericity should be OP's priority. I hope he did not sign any contracts with current location. Don't forget cooling costs, internet, possible wiring (electricity and networking). 

Just a lot of initial costs to go with a place that does not have cheap electricity.

To echo above 9 cents is not easy.    6 cents if you have a lot of psus on hand could work.

At nine cents go to the alt coin section  and read this thread


https://bitcointalksearch.org/topic/my-1-gpu-now-11gpus-5rigs-for-ethereum-45-days-of-mining-photos-thoughts-1429151

https://bitcointalksearch.org/topic/before-you-get-heavily-invested-in-eth-mining-you-should-read-this-1373930


I suggest you build a 4 to 6 card rig or 2 three card rigs.


Basically nine cents does not work for btc

If you want to make a profit you will have to do better than that price. Especially with the halving coming you need cheaper rates. Think more like $0.05/kwh or less to make any kind of ROI at this point.

That is very very high, you'd get better prices hosting the miners at remote Datacenters.

I've taken care of location. Our price is $0.09/kWh

There is more to it then just cooling.  You need a proper location with electricity wired, most likely 240 with this amount of miners.  Do you have an area wired for lots of watts of electricity?

What is your electricity price... as really it comes down to that.  Also without knowing location it's hard to do cooling as don't know if you will be doing with CFM's or Evaporation.  It highly depends on location.  So your asking kinda the impossible without knowing a lot more information.

I have $10,000-15,000 to invest into Bitcoin/altcoin mining. I'd love for someone who's very experienced in the field to give me the hardware and shit that I can get for $10,000 and $15,000. I tried doing it myself but couldn't get around it. I'd probably go even up to $20,000 if that's something I'd need to make profit. Please do include cooling in the price. Thanks a lot!