Buy GPU now or wait till new ones are out?? - page 2.

hustleman

jr. member

Activity: 155

Merit: 6

Quote from: maggotminer on February 26, 2020, 04:32:30 AM

So I have drilled down to some cards and I found the following options from a supplier overseas-
a)1060 6GB~ $140 - $160 (new 3 yr warranty)
b)1080ti 11GB~ $500 - 450 (new 1yr warranty)

So basically I can spend about 3k on cards resulting in - either 6x1080ti or 20x1060

i used whattomine to check which coin is best for the above cards, and seems like ROI on the 1080ti are bad, however the 1060s will take 1.5 years

is this normal? or am I just too late, which is why its bad for me?

What do you guys do. same as above?? use a profit calculator and mine the best coin? are your ROI on hardware around similar time as mine?

Am I missing something regarding mining.

Mining profitability is minimal to zero at current prices and difficulty. People who mine currently typically do it as a hobby, already have the hardware, so utilizing it, have really low electricity rates, and/or will hodl the mined coin for future price increases. your ROI at current values is correct to even on the shorter end. You are a little late to the game, but not saying things can't turn around.

Wotan Wipeout

member

Activity: 438

Merit: 27

At the moment there is a risk of ending ETH-mining.
I would go for a flexible GPU. That means Nvidia, mining GRIN.
Overall you should look for 8GB Nvidia cards.
The new ones (20xx) start with the 2060 super.
These have got a lower power consumption compared to 10xx cards.
So with low energy prices you could go for 10xx cards, like 1070 and 1070tis, 1080 or 1080ti.

I (personally) go for 2080 cards. You find them quite often for a good price and they give good hashrate combined with low power.
Example: 1.7 Ghs GrinC31 for 140 Watt.

I (personally) believe, on the 30xx series, they will start with the Titan for over 3k and we will see good mining cards in september.

When you want to buy now, go for 20xx cards. Thats my opinion.

rdluffy

legendary

Activity: 2366

Merit: 1408

Quote from: maggotminer on February 26, 2020, 04:32:30 AM

So I have drilled down to some cards and I found the following options from a supplier overseas-
a)1060 6GB~ $140 - $160 (new 3 yr warranty)
b)1080ti 11GB~ $500 - 450 (new 1yr warranty)

So basically I can spend about 3k on cards resulting in - either 6x1080ti or 20x1060

i used whattomine to check which coin is best for the above cards, and seems like ROI on the 1080ti are bad, however the 1060s will take 1.5 years

is this normal? or am I just too late, which is why its bad for me?

What do you guys do. same as above?? use a profit calculator and mine the best coin? are your ROI on hardware around similar time as mine?

Am I missing something regarding mining.

I would suggest another GPUs for you, RX 580 was an excellent choice some time ago, and if you already have that card it's ok to keep mining, but to buy now, you have to chose more efficient cards
A nice card to keep you prepared for future is 1660 TI, take a look

Consider the fact that ETH will change their network and it's best to have a card that can mine another kind of algos

Here is an excellent article to read: https://cryptominertips.com/mining-hardware/best-gpu-for-mining/

maggotminer

newbie

Activity: 4

Merit: 0

So I have drilled down to some cards and I found the following options from a supplier overseas-
a)1060 6GB~ $140 - $160 (new 3 yr warranty)
b)1080ti 11GB~ $500 - 450 (new 1yr warranty)

So basically I can spend about 3k on cards resulting in - either 6x1080ti or 20x1060

i used whattomine to check which coin is best for the above cards, and seems like ROI on the 1080ti are bad, however the 1060s will take 1.5 years

is this normal? or am I just too late, which is why its bad for me?

What do you guys do. same as above?? use a profit calculator and mine the best coin? are your ROI on hardware around similar time as mine?

Am I missing something regarding mining.

hustleman

jr. member

Activity: 155

Merit: 6

Well there are new GPU's out already... Radeon VII, RX 5600 xt, RX 5700 & XT are already available and are more efficient. Difference there being you will spend roughly $300-$400 on a new or used RX 5700. They will get you 52mhs using about 115-125watts. The RX580 can be purchased for $100 used on ebay or you can buy them new for $170-$200. After bios flash you can obtain 30-32mhs using about 110-125watts. So you can do the calculations there. Another thing to consider is Ethereum Devs just announced they are going to change the network algorithm to Progpow some time in July 2020. Now ETH devs are notorious for giving announcing dates for the changes to the network but falling short on meeting those deadlines. They have pushed many network protocol changes deadlines to later dates. So you can double check benchmarks for Rx580 on Progpow, but from what I remember they don't do very well mining that algo.

Nvidia cards are also available and better at mining other algos than ethash.

Good luck!

maggotminer

newbie

Activity: 4

Merit: 0

I know I might be late into the mining game, but I would really like to get into it, since I have been researching so much about it lately.

Problem is that my GPU of choice(RX580), I could not find much info about whether to buy them now is a good option or not.

The deal breaker for me are the following -

1 - Already I am late at the game, so buying these GPUs, according to my calculation if I buy 20, it would take atleast 1.7 years to break even on hardware after elec costs(if I only mine Ether). Now, by then I guess these GPUs will be less efficient sinse newer cards are coming out thsi year.

I am very confused about what to do regarding this. Also maybe another factor contributing to this confusion is, how long should I plan on running these GPUs before upgrade?

Topic: Buy GPU now or wait till new ones are out?? - page 2. (Read 432 times)