Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain
Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.
How do i update my Ethereum wallet?
1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.
Please note that you need to manually update your wallet, failure to do so may result in funds being lost.
We are taking these measures to protect both you and our network from phishing and malicious attacks.
Thank you for your cooperation and understanding!
MyEtherWallet Security Team.
If you use other methods, then ignore this message.
Topic: How much is the minimum capital to start making a mining rig ? (Read 281 times)
yes, I agree if buying the secondhand will save a little money but a few things to note:
1. Ask for personal warranty for 1 weeks/3 days
2. if I always replace the GPU processor paste like this: (e.g AMD card and Z9 thermal paste)
because we don't know how long the GPU has not replaced paste processor and used for what before (except if seller telling the truth)
1. Ask for personal warranty for 1 weeks/3 days
2. if I always replace the GPU processor paste like this: (e.g AMD card and Z9 thermal paste)
because we don't know how long the GPU has not replaced paste processor and used for what before (except if seller telling the truth)
Buy a used rig with some small cards (1050ti, 560s etc) to get some experience without blowing to much cash.
You will not earn noticeable coins but you will get experience.
If you think it will be more fun with bigger cards, sell the small ones.
A 6x1050ti rig should be (a lot) less than $1k.
You will not earn noticeable coins but you will get experience.
If you think it will be more fun with bigger cards, sell the small ones.
A 6x1050ti rig should be (a lot) less than $1k.
Does anyone here give some info on how much will be the minimum capital to build mining Rig ?
This budget estimate might have to be prepared:■ Motherboard BIOSTAR TB250 (6xGPU) $75
https://www.newegg.com/Product/Product.aspx?Item=N82E16813138449&cm_re=biostar_tb250_btc-_-13-138-449-_-Product
■ Processor Intel Celeron G3920 $39
https://www.newegg.com/Product/Product.aspx?Item=9SIA29C64H3087&cm_re=Celeron_%28LGA1151%29-_-19-117-619-_-Product
■ RAM GeIL Pristine 4GB 288-Pin DDR4 $38
https://www.newegg.com/Product/Product.aspx?Item=N82E16820158035&cm_re=ddr4_ram_4gb-_-20-158-035-_-Product
■ SSD SAMSUNG 830 Series MZ-7PC128D 128GB (refurbished) $44
https://www.newegg.com/Product/Product.aspx?Item=9SIA5AD6WV3661&cm_re=ssd_128GB-_-9SIA5AD6WV3661-_-Product
■ USB Riser VER008C Riser $14 (adjust with the amount of GPUs)
https://www.newegg.com/Product/Product.aspx?Item=9SIAC5C70U2483&cm_re=USB_Riser_VER008C-_-9SIAC5C70U2483-_-Product
■ PSU EVGA SuperNOVA 1000 G1+ $149 (adjust with the amount of GPUs)
https://www.newegg.com/Product/Product.aspx?Item=N82E16817438134&cm_re=evga_1000w-_-17-438-134-_-Product
■ Thermal Gel Deepcool Z9 $7
https://www.newegg.com/Product/Product.aspx?Item=N82E16835856011
■ GPUs
NVIDIA EVGA GeForce GTX 1070 $469
https://www.newegg.com/Product/Product.aspx?Item=N82E16814487265&cm_re=1070-_-14-487-265-_-Product
AMD RX580 8GB $279
https://www.newegg.com/Product/Product.aspx?Item=N82E16814137290&cm_re=RX580_8GB-_-14-137-290-_-Product
What are you planning to mine (what algorithms)? What is your goal? How many and what type of GPUs? How big is your space?
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am planning to start 6 gpu how much will be the possible cost of 6 gpu ?
What people are telling you is what you are asking is like asking how much a car costs. I could buy a 1994 beater for 500.00 that runs and gets me from point A to B or a 2018 Ferrari.
A GPU rig is a computer with multiple video cards. Go on Newegg or ebay and price the parts you want to use. You could use new or used parts. You could mine with 1050TIs or 1080TIs. Hundreds of dollars difference.
You need a mining motherboard, a power supply, a processor, memory, hard drive, risers, (monitor, mouse, keyboard, way to mount the mining motherboard), then you need which ever GPU you chose to use.
You also need to know how to put it together.
From there you need to get it running and stable. GPU mining is more of a hobby rather than money maker. We GPU mine just because we like it. If someone new wanted to get into crypto and mining I would NOT recommend building a rig knowing nothing. Currently, I can buy a ASIC miner for less than a video card on ebay. I could then just mine and use the coins earned to purchase the coins I wanted or reinvest into new gear (ASIC or GPU).
You can buy a D3 or L3 for 200.00 on ebay with the power supply. All you would have to do is plug it in, set it up, and you are mining. It takes hours to get a GPU rig up and stable. There is also a large cost with GPU mining vs. small cost for ASIC currently.
Just a few things to consider.....
I appreciate your idea sir ! So its better to buy ASIC miner than GPU RIGS ?
From the thoughts given
its basically depends on each perspective
a lot of considerations and cant actually decide for other persons taste
an ASIC might be a good choice given a perfect environment budget and risk factors
this is also true with GPU with a good resale value advantage
What are you planning to mine (what algorithms)? What is your goal? How many and what type of GPUs? How big is your space?
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am planning to start 6 gpu how much will be the possible cost of 6 gpu ?
What people are telling you is what you are asking is like asking how much a car costs. I could buy a 1994 beater for 500.00 that runs and gets me from point A to B or a 2018 Ferrari.
A GPU rig is a computer with multiple video cards. Go on Newegg or ebay and price the parts you want to use. You could use new or used parts. You could mine with 1050TIs or 1080TIs. Hundreds of dollars difference.
You need a mining motherboard, a power supply, a processor, memory, hard drive, risers, (monitor, mouse, keyboard, way to mount the mining motherboard), then you need which ever GPU you chose to use.
You also need to know how to put it together.
From there you need to get it running and stable. GPU mining is more of a hobby rather than money maker. We GPU mine just because we like it. If someone new wanted to get into crypto and mining I would NOT recommend building a rig knowing nothing. Currently, I can buy a ASIC miner for less than a video card on ebay. I could then just mine and use the coins earned to purchase the coins I wanted or reinvest into new gear (ASIC or GPU).
You can buy a D3 or L3 for 200.00 on ebay with the power supply. All you would have to do is plug it in, set it up, and you are mining. It takes hours to get a GPU rig up and stable. There is also a large cost with GPU mining vs. small cost for ASIC currently.
Just a few things to consider.....
I appreciate your idea sir ! So its better to buy ASIC miner than GPU RIGS ?
Does anyone here give some info on how much will be the minimum capital to build mining rig ?
My suggestion: FORGET IT
Everyone is already selling their rigs today because GPU mining is on it's way out. Profits are barely there and there doesn't seem to be indication that they are coming back. ASICs are not going away and are here to stay. If you buy a mining rig it will no longer be for profit but instead for fun only.
What are you planning to mine (what algorithms)? What is your goal? How many and what type of GPUs? How big is your space?
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am planning to start 6 gpu how much will be the possible cost of 6 gpu ?
What people are telling you is what you are asking is like asking how much a car costs. I could buy a 1994 beater for 500.00 that runs and gets me from point A to B or a 2018 Ferrari.
A GPU rig is a computer with multiple video cards. Go on Newegg or ebay and price the parts you want to use. You could use new or used parts. You could mine with 1050TIs or 1080TIs. Hundreds of dollars difference.
You need a mining motherboard, a power supply, a processor, memory, hard drive, risers, (monitor, mouse, keyboard, way to mount the mining motherboard), then you need which ever GPU you chose to use.
You also need to know how to put it together.
From there you need to get it running and stable. GPU mining is more of a hobby rather than money maker. We GPU mine just because we like it. If someone new wanted to get into crypto and mining I would NOT recommend building a rig knowing nothing. Currently, I can buy a ASIC miner for less than a video card on ebay. I could then just mine and use the coins earned to purchase the coins I wanted or reinvest into new gear (ASIC or GPU).
You can buy a D3 or L3 for 200.00 on ebay with the power supply. All you would have to do is plug it in, set it up, and you are mining. It takes hours to get a GPU rig up and stable. There is also a large cost with GPU mining vs. small cost for ASIC currently.
Just a few things to consider.....
What are you planning to mine (what algorithms)? What is your goal? How many and what type of GPUs? How big is your space?
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am planning to start 6 gpu how much will be the possible cost of 6 gpu ?
Also depends how many cards you want to have and what your definition of a mining rig is- some people might call a rig 2 cards, some 8. Truth is we really can't answer you with such an ambiguous question- you need to give us some basic idea of what you would consider to be a rig, like 6 cards or 8 cards, Nvidia 1000 series or AMD Polaris. The Computer Hardware section and also this section should give you a basic idea of what most rigs look like. If you show us an example we can give you a quote.
Wow thankyou soo much for the good feedback sir your links can help me a lot to find what do i exactly need.
What are you planning to mine (what algorithms)? What is your goal? How many and what type of GPUs? How big is your space?
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
I am not a big fan of low cost self made rigs, that saves you money when you start but in a long term will turn out to be inefficient. Give us some more input data, then this conversation will be more productive.
Also depends how many cards you want to have and what your definition of a mining rig is- some people might call a rig 2 cards, some 8. Truth is we really can't answer you with such an ambiguous question- you need to give us some basic idea of what you would consider to be a rig, like 6 cards or 8 cards, Nvidia 1000 series or AMD Polaris. The Computer Hardware section and also this section should give you a basic idea of what most rigs look like. If you show us an example we can give you a quote.
Mining what algo? You could buy a USB stick for less than $100 and start mining, or mine XMR with PC parts from a skip. These won't make much/any profit, but they're very cheap.
If you mean a gpu rig, depends what algos, therefore which cards, therefore a cost per card (also system requirements may vary slightly).
Also depends if you want to buy new or 2nd hand hardware, with the different risk profiles, resale values and upfront cost benefits therein.
If you mean a gpu rig, depends what algos, therefore which cards, therefore a cost per card (also system requirements may vary slightly).
Also depends if you want to buy new or 2nd hand hardware, with the different risk profiles, resale values and upfront cost benefits therein.
Does anyone here give some info on how much will be the minimum capital to build mining rig ?
Jump to: