Topic: $10,000-15,000 rig (Read 3748 times)

Interesting to see if they truly have a  new machine.  Should it not be A4 instead of "New A2" if truly the new one?   I can't seem to get LKETC to come up do they have a new website?

I would want to get alot more info before buying there.   Also it does not mine Ether, the new altcoin that seems to be gaining a following.

http://www.aliexpress.com/item/New-arrival-Zeus-Scrypt-Miner-All-Solution-Litecoin-Miner-300M-digging-Litecoin-with-power-supply-send/2048732975.html

If you'd like to go by altcoin's, buy this one 10 pcs., should be enough.

that is some of the best advice ever. I did exactly the same thing. Built one rig, got hooked and built 6 more, then decided I could sell them and turn a profit that way too.

The answer seems quite simple to me. If you want to mine bitcoin your power costs are far to high. I also wouldn't buy any asic miner until the s9 or some other 16/14nm rig is released. Depending on the cost and efficiency. Do that and you will make money. But like they have said throughout this thread opinions are like assholes.

I think difficulty is going to keep to continue to go up in last 30 day's about a 25 percent increase in difficulty:
41.9           26-May
31.493   26-Apr
0.751622912   

What I am afraid of is big mega operations mining ether pumping difficulty up and dumping coins.   We seem to be losing value... which hopefully will change.  Either way I guess GPU's are pretty good on holding value is good thing.

i have both btc rigs and eth coin rigs.

I balance myself between the two.  I have earned just about 1500 in usd worth of eth coins and i paid about 390 in power

so I got back 1110 usd my gear cost me 4k  but I have real pc's that can be used as gaming pc's htpc pc's and the like.

I can sell them and i do sell them as gaming pc's to friends and family.

I am happy that a coin like eth coin is around for now.

I'd echo the comments of some here and recommend that before you go spending 10 or 20K, build a small gpu based rig and get your feet wet mining. You'll learn a lot and wind up in a better position to assess the opportunities and risks associated with mining.

After that, if you still want to dive in, have fun !

I'm not criticizing people for not making bad financial decision's.  As you said in some cases the numbers just flat don't work.  Margins are getting tighter and tighter.   I don't blame this on having the chase for cheap electricity for miners is not having's fault.  Difficulty continues to rise... so it makes sense less and less profits.

There are just a lot off these threads was my point.  You can blame it on scammers, having, what ever you want.  But it is not a get rich quick scheme on BTC.   It is more long term at this point those wanting 3 month ROI... sadly it's just no longer there.

well if the numbers dont work.. who is in this to donate to the "good" cause(i use that term loosely)?  Everyone in this and i mean everyone is in this to get maybe not rich but a financial gain.. Noone is here to throw money away.. but sadly that is what happen to most.> That is why these forums arent teaming with life like it was in 2014 when I jumped in. Granted most of that turned out to be scammers.. But a shit ton of them also were good guys that came because we thought this was a great thing only to be fleeced by all the scams that everyone promoted.  Most of them didnt come back.  I stayed only because if someone didnt then we would just keep repeating history.. Scam after scam.. Face it.> This was a epic fail allowing this to have a monetary value before it was even close to ready..


Ask yourselves this.. How can everyone in the btc ecosystem profit if new invest were to slow below the inflation rate?  id say as much as everyone bitches about halving that will actually be your saving grace.. As it will only need half as much money coming in.. The big pump before halving will be from asic sales prior to halving.. Cuz why would they sell them after for half the price.. Get the suckers early on.. They will then do a nice healthy dump to help push out all those s7 that dont have REALLY good prices for power.  And if this wasnt their intention .. us talking about it in the open like this only gives them ideas.  Anyway.. open source can be great but can also be an Achilles heal


Best Regards
d57heinz

This is a thread that got far far off topic.  OP likely would be smart to go mostly twords BTC just due to stability.   He needs cheap electricity if he want's to mine it no way around it at this point.

I do think ether is worth a little try.   I would not go "huge" but keep it as part of your crypto portfolio.  And it is one most can mine and building a GPU miner is not terribly hard. 

And I would have a pretty solid plan.  Most threads like this end up not investing.  They do the ROI math and sadly a lot just don't invest.

Thats one expensive rig, hoping youd break your return on how many days?

What you are doing is speculating for the prices to make up for it? I would rather just get into buying bitcoin then meddling with alt coins to be honest.

Unless the coin has some form of demand like how just-dice "you need" to have to play on their dice site.

That form of demand is rare, so I dont see any other purpose for any other alt coins that dont offer the same type of demand.

Then again, I could be wrong and the alt coin is used for side chains for something.

well i wouldn't say it ended up being all that productive. But i appreciate the article nonetheless.. sums it up quite well actually

Best Regards
d57heinz

i have something re this "productive" discussion (looking from 100 years in the future back to today) :

Satoshi begets Bitcoin; Bitcoin begets Vitalik; Vitalik begets ethereum; ethereum begets DAO....

this line will not stop for a while, I hope, with many more branches to come.
Which branch would be dominant in the future: bitcoin or a side branch, like eth>DAO? we shall find out.
I find it uncanny that DAO comes exactly on a day/week when Time had posted a very interesting critique of the financialization schemes and total lack of support of such schemes among millennials.
http://time.com/4327419/american-capitalisms-great-crisis/?xid=homepage&pcd=hp-magmod

OP you should take everything in here with a grain of salt. You know what they say... opinions are like a$$holes, everyone's got one and they all stink.

Going to have to step down from this one.  Looking for an argument from me a year ago maybe would of happened but nowadays I spot your type rather instantly!

Best regards
D57heinz

while Warreagle and d57heinz continue to circle jerk..... 
OP I will say that mining is not an investment. In regards to btc mining (IMO) you are simply transferring value out of USD or other such currencies into a digital currency/store of vale/or whatever else you want to call it via the electric company. You are not printing money and I doubt you will make much profit. I prefer mining coins rather than buying from coinbase because I think Brian Armstrong is bad for bitcoin, not because I think I am going to get rich.  Bitcoin is useful in many ways, that is why is has value...because people use it. If you wish to speculate on price, buying to hold or trading on an exchange is probably much more simple than managing a bunch of noisy heaters that will cost you lots of time and headaches. I consider my mining mostly a hobby and then I can save 20% at starbucks (because I drink a lot of coffee) or buying highly discounted items though purse.io (because I was already buyng items from Aamzon anyways at retail) using these mined coins. I can tell you that I am not making any profit by mining, but it does allow me access to discounts I would not be able to use if spending dollars.

If you wish to mine an alt....
 it is high risk being that these coins have zero use so it is 100% speculation (yes btc is speculative as well) while the profit margin could be much higher if you get out at the right time. Yes you can make money in a pump but that is a gamble, not an investment. As said previously, do research and be a skeptic. As a reminder, The original post stated he is looking to invest/ make profit. Maybe you can invest your money with one of the other posters to build/resell gpu rigs, that seems low risk with great return. Everyone can continue to debate themselves into oblivion, I am simply offering up my thoughts so this guy has a better idea of what he is getting into. Anyone with a solid business plan on how to mine any coin at high return should probably pm the op with a partnership offer.

I'm going to have to side with you on this. elokk keeps contradicting his own statements so much its ridiculous. "I am certainly not going to contribute to some guy dumping $15K...." "I am here offering my opinion to the OP" Make up your damn mind. Which is it, you are or you are not? Can't do both and NOT get called out for it.

Elokk, you cant win this topic or argument. You are trying to convince someone to not spend $15k on mining gear. Why not? Another huge shitcoin is right around the corner, maybe if you have the cajones, you can pick a couple of early stage shitcoins, mine the absolute piss out of them then dump them on Yobit as they pump. I've have two rigs dedicated just to doing this. ETH is not a shit coin, we can agree to disagree on that. Other than that you are just spewing hot air.

Clearly you know nothing of mining, otherwise you wouldn't have said the crap you have been projectile vomiting all over this board..

doesnt bother me one bit to not fit in  it appears that it must for you.. I have my own thoughts .. and as most can see im not afraid to express them.. I have many questions and i like to do tons of research.. Looking at the first posts you made on this board for someone with 12 ths.. i doubt its your first account.. I am great at detecting bullshit.  Maybe without exact proofs but i say your full of it.. And the angry response only helps to reassure ive hit the nail on the head.  not intentional .. but you come in slinging shit. and expected none of it to bounce back..  

Since i am so delusional can you please explain why you think calling me a "faggot" would get a rise out of me, if you didnt first think its was "bad" to be a "faggot" ..  once you figure that out then i think you will understand what im trying to say to you.

Best Regards
d57heinz

Yes, because I am not part of the Vitalik occult I must be a troll. I am here offering my opinion to the OP as everyone else but of course I expected you guys to get butt hurt once I trashed your shitcoin. Therefore I am a racist with many accounts and I watch too much reality tv on my nonexistent television. Now that we have that cleared up, can we get back on topic now???

Then why the fuck are you even posting in here. Because you are contributing, albeit an opinion. Generally speaking, if you don't want anything to do with something, you generally DO NOT participate in it. Yet, here you are, busting peoples chops and making your opinion heard. Give me a break, you come off like a TROLL.

Go debate a wall. You imply I am racist and have multiple accounts with no evidence, clearly you are delusional. Typical d57heinz nonsense

When ETH starts presenting use cases that serve a need that is currently not met then I will certainly use it, at this point there is no sign of that happening. You certainly present a great way to profit off the hysteria by building and reselling mining rigs. I am not trying to prove anything but I am certainly not going to contribute to some guy dumping $15k into mining eth based on pipe dreams. FYI, I do not even own a tv

well ok.. please elaborate how something that is as technically requiring as bitcoin is will work in poor third world countries.  Or how it solves the inequality gap from the rich and poor. Then id say you have a leg to stand on.. Otherwise your blowing as much hot air as you think i am.  and resorting to name calling shows your level of intelligence.. I was just trying to have a debate if you will.. Not being mean about it. If i really wanted to call you out id just reference the fact that you have to keep making new accounts.  Ohh wait i did. But that wasnt going to the lengths you did of showing your racial hate towards people who think differently than you.. Sad world we live in.  You need some culture bud

Best Regards
d57heinz

The only thing you proved is your rather asinine opinion. But, alas you are entitled to that. ETH is going places, its early like in the early days of BTC, everyone, everywhere was screaming you can't use it for anything. The whole IoT IS going to change that, if you cant see that, you really need to open your eyes and take a look at where technology is moving. Or just get left behind and watch reality TV.

I believe my point is that eth is a shitcoin that serves no use case.  The op is asking for advice in mining and of course everyone wants to hype the latest scam. Sure you can ride the bubble up, but every scam will come crashing down as you know being that you reference Garza. You are always arguing stupid shit in circles and trying to imply I said certain things. Bitcoin can fail too, but we know it is not a scam coin and it DOES meet the needs of the under serviced hence the reason it has been around so long. Troll on faggot

id love for you to show the community how owning btc doesnt allow for you to become a bag holder.. Is that in the white paper somewhere?  always profitable .. now where have i heard that before.. Do you know josh garza by chance?

Thanks for proving my point.....you are doing these things with btc, not ether.

If you are mining eth successfully then exchanging for btc, then that may be a good strategy. As said before, I rather not be a bag-holder

i can do just as many things with eth as btc.. there are exchanges that transfer it to btc.. I know you heard of those right?  Kraken is the one i prefer since the recent shapeshift debacle

What can you do with ether? you can buy into other scams like DAO, that is the only use (or lack thereof) that I know of.

With BTC I can buy a hooker, drugs, discounted items from Amazon, transfer wealth quite easily outside of the banking system. These are reasons why btc is useful.

I don't doubt Mining ether then selling is profitable, if you do not end up a bag-holder when the bottom drops out

This is a very good perspective on this.. I was thinking the same with btc and all the asic manufactures. Very interesting!! Lets not buy any s9 (that goes for you too chines miners:) )  and see where btc price goes then.. Is this an elaborate ponzi in disguise? WOW. what a revelation i hope most have.  This brings up so many more questions then it answers.

Best Regards
d57heinz

Eth coin accounts for 10% of gpus sold by amd.

So to AMD eth coin is advertisement to buy a gpu.

Since the entire eth coin market cap is about a billion usd at most.  AMD can afford to buy a few million coins a month to keep price up.
I see a new pattern emerging in alt coins.  I believe both Nvidia and AMD can afford to promote a GPU coin  designed to go to POS as soon as an asic builder makes a chip to mine it.
I see a new coin with a new algorithm already waiting to replace ETH coin.

You don't understand the economics here.  10 million a month in coin purchases from Nvidia and AMD will keep price a float and sell cards.

anyone that games can simply mine while away from the pc.  So if the card earns  100 to 200 and cost 300 the game got a bargain on his gaming card.


Asic gear does not offer this. So btc becomes less valuble and Eth coin more valuable.

If you mine only asics and refuse to have a gpu rig you are simply hurting yourself.

Its no more or no less useful then btc.. So if you say that about eth.. then what you think of btc?  (its comical to me that so many here that are so knowledgeable have such young accounts.  Why cant with the few being the exception, people just stick to their original accounts.  Ya i say things that may not come out correct. but im always open to be corrected, by facts not opinions of course.. So to those that keep making new accounts why cant you just keep one and grow some fucking balls!)  If i was this guy honestly i would stay far away until some accountability can be had with all the scammers.. Even the ones that get caught end up fleeing and still getting away with it.. Im really start to question the integrity of this whole ecosystem.. there is 2 good to every 10 scammers maybe worse.. Id say with BTC "usefulness" it should be no more then a few dollars a pc aswell.  But when you have chinese exchanges with 0 fee it makes one wonder just who is floating the price.. And when will they dump.  If i was this guy id just buy some silver and ride those waves.  Stock market has been proven to be rigged. Cant trust them as far as you can throw them.  Cant trust anyone in btc to not run away with your money in the next 5 min.. Starting to see that pattern yet.. You cant trust anyone that is motivated by money and not for the betterment of human kind.

Best Regards
d57heinz

Mining does not equal money printing. Being that you are asking others how to invest your money in mining rather than doing your own research, my advice to you is buy coins and hold (if your intention is investing in btc as long play)

As far as Ether goes, that is an over pumped shit coin with no use.

Do your own research and quit listening to hype otherwise you will fall victim to countless crowdsale "blockchain" scams.

one important point: much less noise pollution.
I have 3 rigs upstairs in one room (7950, R9 390 and R7 370) and cannot hear anything downstairs.
What a relief. All S7s are in hosting.
Once Polaris comes out, i will sell 7950ies if anyone would want them on ebay.

I would either build a smaller rig  for 1000-1500 or buy a bigger  premade rig for 2500-2800 eth coin.



I would then either buy 10,000 usd  in btc.

of buy 5000 usd in btc and keep 5000 usd in cash then see what the ½ ing does

this shows some six card rigs with smaller gpus and my 2 card rig with bigger gpus.

WarrEagle is selling the six card rigs.

My 2 card rigs are bespoke gear

https://bitcointalksearch.org/topic/m.14842576

The only thing that worries me on investing heavliy on it is currently ether is pretty much what everyone mines.  It's all that people seem to be making decent profit.  But it is growing pretty rapid - https://etherscan.io/charts/difficulty . 

Now ether could go up in value make it fine.   Or difficulty goes up more and profit goes down.  I am dabbling in it as GPU mining has been fun.  But I personally would not spend the 15k mentioned all on betting on ether.

I actually prefer gpu mining over asic mining.


Of course you need a coin that turns profit and so far eth coin is doing this.
Gpu rigs need more baby sitting then asics but I have high power costs and only Eth coins turn a very good profit at my power costs. I have the solar array joint venture with buysolar and that is all ASIC since it is pretty much maintaince free.

The gpu rigs need to be checked two times a day and two of mine seem to crash 1 time a day.
The other two work about six to eight days then crash.

Why do I have four rigs all with just two cards? All of these will be sold to people I know.
I did this with all my btc gpu rigs.
The day a rig pays for itself mining I sell it to a friend at 1/2 price.
So a 1000 dollar rig makes about 500 profit.
The rigs have

 two r9 390 gpus
A 500 gb sss
A corsair carbide case
A DVD- burner
A quality psu seasonic 850 gold (got a good deal)
Windows 7 pro with upgrade to 10 option
Quality mobos
Good cpus i5 6500t or i5 6600k

It is about a 1500 usd build,but I get a lot of vendor discounts and can do the build for 1000-1100

Since April first I have built several 6 GPU rigs that mine ETH at 120 MH/s using power efficient (1100 watts total draw) R9-380's. Total cost per rig was just under $1700, including the custom frames & USB risers, labor is about 2 hours per rig at this point for everything, and I can build one in under an hour now.  I've sold two on Ebay so far at $2700 + shipping each. I spent another $500 on shelves and cooling, as I needed big barrel fans and a sun awning outside my garage door. to keep the afternoon sun off the power supplies and to push the heat out and keep the rain out.

Formula = Build rig, burn in and test (mining ETH) sell rig = instant ROI, build another rig. I still have 4 custom rig frames in my garage and have also sold a couple of them on ebay as Kada clones that I can build for half of what Mintcell charges.

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!