Topic: Anyone know of a cheap under $200 gpu for mining ? (Read 3978 times)

Sorry for Hijack this thread but what if for example I would like to mine Nexus or Shield.

I know these altcoins aren't profitable for now, but I would like to know.
If under 150W of power consumption even better.
If cheaper than 150 great
And if can be found online, huge win.

Can anyone give me some advice?

Regards

https://www.bhphotovideo.com/bnh/controller/home?A=details&O=&Q=&ap=y&c3api=1876%2C%7Bcreative%7D%2C%7Bkeyword%7D&gclid=CjwKCAiA9MTQBRAREiwAzmytw2AvcQwjxR1n2XvsuhMLlCufgHvFGAMya0mexUE4j6JpbyRACOqTehoC0MIQAvD_BwE&is=REG&m=Y&sku=1279813

I picked up 40 GTX 1060s for about $190 each shipped after taxes. I also got cashback of 6%.

At the rate prices are going, the bottom end RX 470/570/480/580 cards should get back under $200 in another month or two.

I got some old HD 7950 GPu's if you are interested :p

0 repair and very little upkeep if you automate them. Best ROI are mining edition RX480 (I like it better since it still has one video port and can actually be resold after use) and p106, which are for mining only. Next best are: the RX 470 for funny coins and 3GB 1060 for everything else. If lucky you can get all of them under 200$

Would you say mining rigs require a lot of repair an upkeep? Middle tier and upper tier is what I'm considering...

It all depends on price, as I said you can get 30MH/s with two $100 cards

I will skip from wish list everything cheap for building mining rig.
These is very good business, so you need stability and durability, not oposite.

With price You mentioned snake oil should be included too.

Buy a used RX 470/480 or Nvidia 1060. It isn't worth to even start mining on $200 GPU, actually, but if you want to have some experience now, then okay.

Ditto. The used ones on eBay are still selling over the MSRP of new units at the time of their release.

I've seen Fry's have a few open-box/refurbished RX480s, but unfortunately, none of them have been available at stores remotely close to me. (Nearly always in Texas, for some reason, and for in-store pickup only.)

But it is hard to buy RX480, it is out of stock most of the time...

If you don't care about that phone, you could just sell it and use that money to buy some coins to speculate with. Phones, of all mobile devices, were definitely not meant to be pegged 24/7. They don't even have fans or cases that allow for proper passive ventilation. (If you opened it up and made a little cooling system just so it could mine, hats off to you.)

Currently, a used S6 is worth much more than you'd likely mine with it over the course of its expected lifetime.

Heck, I've been mining Bytecoin from my old Galaxy S6 just for the hell of it. 23 h/s, 5w/hr power draw. Definitely not making any money but it only costs me $0.25 a month to run.

Just upgraded my CPU/mobo (was an old i3-540, now a FX8300). Looking for a budget mining/gaming GPU myself actually. Just can't pull the trigger on anything.

I assume your friend wants to mine ETH, so you will need to more than 3GB memory for single card.

You can choice 1050Ti 4GB, 1060 3GB, AMD Rx 560 4GB

But if you just mine some coins for fun, any GPU will be fine for the mining rig.

And you can download minergate, and you can mine a lot of coins by single CPU

Theres still profit to be found in these cards but you just have a very high electrical cost. Most people I know that mine in the US have costs around $.10/kwh and I get around $.07/kwh. I wouldn't mine at anything above $.15/kwh as the profit there is just minimal. You are right about the DAG size, but in your case electrical cost is a much larger factor.

$0.30/kWh is a pretty insane electricity cost for a miner. If I had to pay that much, I definitely wouldn't be investing in more GPUs.

I have a GTX 1060 myself and it barely makes a profit if I was mining. This might be due to my high electricity costs of about 30 cents/kWh but my recent calculation for my revenue was about 1€ worth of Ether but paying about 60 cents in electricity, so a net profit of about 40 cents a day.

Ethereum requires a huge amount of graphics memory, about 3GB and soon more. Therefore cheap cards cannot mine Ethereum reliably as they often lack enough memory. To cite a post from stackexchange (https://ethereum.stackexchange.com/questions/426/what-is-the-current-dag-size-when-do-we-expect-to-hit-gpu-limits):
"The 3GB limit will be hit around mid-April 2018".
This means that from April 2018 on you need atleast 4GB video memory on your GPUs to mine Ethereum.

As a rough approximation, I'll take a card of 200€ and expect a profit of about 50 cents. This gives me a ROI time of 400 days. It takes me over a whole year running the card 24/7 to barely break even. Factor in the noise and heat, you probably do not want to do this in your own room or appartment.

The only chance you have are other altcoins which are not as memory hungry. Mining those early on might give you big rewards when they hit an exchange, but you could also end up with a net loss because the coin does not gather interested folks and fails. This will leave you with a huge electricity bill and little to no value in coins.

Unless you have super cheap electricity or super cheap hardware, it just does not make sense to get a dedicated mining rig with such a low budget.

Gigabyte RX560 2GB version with micron memory 15.5-16MH/s is pretty good card for mining
etehreum clones (expanse, ubiq, musicion), you get 30MH/s for $200