best equipment for mining cryptocurrencies with 5k start up

malthrax

newbie

Activity: 182

Merit: 0

Quote from: Klosecall on January 21, 2018, 11:13:19 AM

I have $5,000 to invest in mining cryptocurrencies(probably mostly ethereum). What equipment and GPUs would be the best to start for most efficient ROI and how much should I expect for monthly profit with that particular rig?
(.06/kw is my electricity cost)

Also are there any compatibility issues with motherboards, processors, and various GPUs?

Thanks in advance for any help!

The best equipment is a functioning BRAIN and the ability to use it.

All of your questions have been answered HUNDREDS of times on this very forum. Start reading.

jillscarbrough

sr. member

Activity: 588

Merit: 335

Steady State Finance

You decided to mine ethereum and your electricity cost $0.06/KWH. So this is a short overview, let's said between AMD and NVIDIA. You can buy one 1070Ti with $900 ++, but you can buy two RX 580 8gb with $900 plus $50-$100. Let's talk about hashrate on Ethereum, 1070Ti 30-34Mhs, RX 580 8gb 29-31Mhs. Now about Power Consumptions, Two RX 580 same as 3-4 power consumption of 1070Ti. The choice is in your hand.

Quote from: Klosecall on January 21, 2018, 11:13:19 AM

Also are there any compatibility issues with motherboards, processors, and various GPUs?

This is no big deal, all of the devices have a technical compatibility note.

BazsiBazsi

newbie

Activity: 8

Merit: 0

Buy the cheapest 1080tis and run hsrminer on them. Or buy 1070/1060s and run klausT miner on them. Then profit.

gotminer

member

Activity: 644

Merit: 24

Quote from: hopfi2k on January 21, 2018, 11:47:09 AM

Nope only one,

but at least a Reventon!

Cheers,
Andy

You must be mining the wrong coin. Your Lambo count is lower than mine ... Lol.

hopfi2k

newbie

Activity: 48

Merit: 0

Nope only one,

but at least a Reventon!

Cheers,
Andy

gotminer

member

Activity: 644

Merit: 24

Quote from: Klosecall on January 21, 2018, 11:13:19 AM

how much should I expect for monthly profit with that particular rig?

3 Lambos per month exactly.

dschwartz0815

newbie

Activity: 29

Merit: 0

I'd first decide on your GPU (Nvidia or AMD)

My builds all utilize Nvidia GPU's specifically the 1070 Ti's but depending on your location and market price of GPU's I'd say go with 1070's or 1080's.

Processor doesn't really matter too much, just make sure it's compatible with the socket size of the motherboard you go with. High CPU power isn't what you need when mining, something like a Celeron G3900 will suffice.

Throw in 4GB of RAM minimum

As for the motherboard find one with PCI-E expansion slots for the # of GPU's you plan on running. I use the MSI Z270 SLI PLUS on all my rigs with no issues (6 GPU's)

Don't forget a small capacity SSD and a set of PCI-E risers to go with it all

Finally, get yourself a PSU in the 1000 to 1200 Watt range that has either a Gold or Platinum energy rating

To estimate profits go to www.whattomine.com

Klosecall

newbie

Activity: 1

Merit: 0

I have $5,000 to invest in mining cryptocurrencies(probably mostly ethereum). What equipment and GPUs would be the best to start for most efficient ROI and how much should I expect for monthly profit with that particular rig?
(.06/kw is my electricity cost)

Also are there any compatibility issues with motherboards, processors, and various GPUs?

Thanks in advance for any help!

Topic: best equipment for mining cryptocurrencies with 5k start up (Read 164 times)