How much would it cost to build mining rig?

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: btccrusher on May 26, 2019, 05:14:03 AM

Quote from: Za1n on October 04, 2017, 08:32:26 AM

Quote from: Odlanyer on October 04, 2017, 08:15:39 AM

Hi bitcointalk, I want to build mining rig but I dont have the slightest idea how will i build one and how much would it cost me. Currently I have $ 2000. Would it suffice to build mining rig?

Yes, $2000 is probably about the average investment in mining equipment. With that amount you could build a nice rig of 4 to 6 cards and the associated support hardware. Much of the choice will come down to which coins you want to mine. Ethereum typically favors AMD and Equihash (Zcash) favors Nvidia, but they both can mine the other algorithm in a pinch.

Typical ETH build:

5 x RX580 8 GB - $310 ea or $1,550 total
1 x mobo with support for 5 or 6 GPUs - ~$120
1 x CPU (Intel G4400) - ~$50
1 x RAM 4 GB - ~ $30
1 x 120 GB SSD - ~$50
5 x PCIe USB risers - $50
1 x 1000 watts PSU - $150

This would put you right at your $2,000 budget. You would also need some type of frame to hold everything so you might need another $50 or so in materials.

A Zcash (Equihash) build would be much the same except you would pick some Nvidia cards such as the 1070's or perhaps the 1060's instead. The 1070's run around $500 so you could run 3 x of them and the 1060's go for $200 for the 3 GB version and $350 for the 6 GB version so you could run 5 or even 6x (if your motherboard supports it).

That was a great suggestion, however, as per my understanding, this equipment is not good enough to mine Bitcoin, but it can be a good option for altcoins like Litecoin. Also, I think the RAM should be 8 or 16 GB.

Seriously, is this for real? i suggest you take a look when that post has been made. A lot of things have changed in these years. It's not all about mine bitcoin but altcoin is much better to consider it has less difficulty rather than bitcoin. Dude, that equipment already out of dated and i prefer to get used 1070ti or waiting for NAVI if that specification built on this time.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: btccrusher on May 26, 2019, 05:14:03 AM

That was a great suggestion, however, as per my understanding, this equipment is not good enough to mine Bitcoin, but it can be a good option for altcoins like Litecoin. Also, I think the RAM should be 8 or 16 GB.

Forget many altcoins as well - scrypt coins like Litecoin have been ASIC-dominated for a few YEARS now in particular and the widespread proliferation of ASIC for many algorithms over the last year has killed GPU mining for a LOT of algorithms/coins where GPUs used to be highly profitable.
Mining rigs don't need a ton of ram - 16GB is definitely overkill even for an ETH rig that is using the old-type "build the DAG file on the CPU" type miners, though it MIGHT need 8 - and any other GPU-mineable algorithm isn't going to need 8.

btccrusher

member

Activity: 742

Merit: 12

Quote from: Za1n on October 04, 2017, 08:32:26 AM

Quote from: Odlanyer on October 04, 2017, 08:15:39 AM

Hi bitcointalk, I want to build mining rig but I dont have the slightest idea how will i build one and how much would it cost me. Currently I have $ 2000. Would it suffice to build mining rig?

Yes, $2000 is probably about the average investment in mining equipment. With that amount you could build a nice rig of 4 to 6 cards and the associated support hardware. Much of the choice will come down to which coins you want to mine. Ethereum typically favors AMD and Equihash (Zcash) favors Nvidia, but they both can mine the other algorithm in a pinch.

Typical ETH build:

5 x RX580 8 GB - $310 ea or $1,550 total
1 x mobo with support for 5 or 6 GPUs - ~$120
1 x CPU (Intel G4400) - ~$50
1 x RAM 4 GB - ~ $30
1 x 120 GB SSD - ~$50
5 x PCIe USB risers - $50
1 x 1000 watts PSU - $150

This would put you right at your $2,000 budget. You would also need some type of frame to hold everything so you might need another $50 or so in materials.

A Zcash (Equihash) build would be much the same except you would pick some Nvidia cards such as the 1070's or perhaps the 1060's instead. The 1070's run around $500 so you could run 3 x of them and the 1060's go for $200 for the 3 GB version and $350 for the 6 GB version so you could run 5 or even 6x (if your motherboard supports it).

That was a great suggestion, however, as per my understanding, this equipment is not good enough to mine Bitcoin, but it can be a good option for altcoins like Litecoin. Also, I think the RAM should be 8 or 16 GB.

iv4n

legendary

Activity: 3332

Merit: 1191

Quote from: mannybitcoins on May 25, 2019, 04:32:53 PM

It always seemed to me that the amount should be around 10K$ , so you can feel a little bit like a miner, and it turns out that 2K can be enough.

You need to start from somewhere, with 2k dollars miner you can`t mine bitcoin, you will need to start with some coin that is still at low mining difficulty, how difficulty rises you will need to upgrade you miners, it`s a never ending game in my opinion. But you need to start somewhere, today it`s not about miners I think, you need to find good coin to start, that`s far more important.

mannybitcoins

full member

Activity: 274

Merit: 100

It always seemed to me that the amount should be around 10K$ , so you can feel a little bit like a miner, and it turns out that 2K can be enough.

Lucky-marsik

member

Activity: 322

Merit: 20

Decentralized Gaming Platform - Play & Earn $

$ 2000 a good ferm to stir. Of the six GTX1070 will be a normal modern small farm. And you can still for RX580 to do, but they are stronger bask

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

rather than building it from scratch, it's better to buy it directly. I think nowadays enough people sell in an already built-up situation. which might cost $ 2500 to $ 3000. however, you have to choose the right place for that.

martychubbs

hero member

Activity: 742

Merit: 503

I think with the ever-increasing computational complexity - all you can get is new coins, and the payback from such a station will be quite long.

mak013

hero member

Activity: 2548

Merit: 769

Quote from: BitBustah on May 22, 2019, 08:27:46 AM

You can find a lot of good condition used mining hardware on second hand markets. I think it is much smarter to buy used instead of buying new. You also get buyer protection if you are buying on ebay so even if something breaks within 30 days you can still get a refund.

It`s a good idea if he is hardware specialist or have an opportunity to get such a specialist. But if he is a newbie - he can get terrible rig several times more expensive that it costs. On ebay maybe, but you are buying smth that you havent tested.
I bought several used rigs for myself at past year - they are nice and cheap.

BitBustah

hero member

Activity: 1218

Merit: 534

Quote from: superstarbtc on May 22, 2019, 04:51:55 AM

Quote from: Wayan_Pedjeng on May 21, 2019, 09:34:12 AM

Second hand mining rigs are now available at much cheaper rates when compared to the new ones, and depending on your limited funding, this may be the best option for you. But always remember that the old rigs can be more power-consuming, more prone to over-heating and most importantly they can have a significantly shorter lifespan.

I think it is not good to buy the second-hand Mining Rigs because their life will be very less, mostly it will consume more power and don't have feature as the new ones. So it is always good to buy the new one even though it cost the high value. For the old one, the mining rigs will get overheating in a short period of time.

You can find a lot of good condition used mining hardware on second hand markets. I think it is much smarter to buy used instead of buying new. You also get buyer protection if you are buying on ebay so even if something breaks within 30 days you can still get a refund.

Beyerd17

full member

Activity: 826

Merit: 103

It would cost as much as the specs you desire to put into it. Also you would have to consider what type of coins you would like to mine, as AMD and NVIDIA are different with different algorithm's.

superstarbtc

jr. member

Activity: 378

Merit: 3

Quote from: Wayan_Pedjeng on May 21, 2019, 09:34:12 AM

Second hand mining rigs are now available at much cheaper rates when compared to the new ones, and depending on your limited funding, this may be the best option for you. But always remember that the old rigs can be more power-consuming, more prone to over-heating and most importantly they can have a significantly shorter lifespan.

I think it is not good to buy the second-hand Mining Rigs because their life will be very less, mostly it will consume more power and don't have feature as the new ones. So it is always good to buy the new one even though it cost the high value. For the old one, the mining rigs will get overheating in a short period of time.

huntingthesnark

member

Activity: 357

Merit: 26

Quote from: basicnecromancycr on May 22, 2019, 02:05:48 AM

In the first page, the answer is 2k $. Is this same in current conditions and what about profitability? Any expert?

Roughly, yes. Buuut...depends if you buy 2nd hand or new GPU's, and of course which model you pick. This decision depends on what algos you plan to mine, and also your electric rates (for example, RX470s are OK on ETH, but expensive to run if your electric is high).

Basically a 'gpu rig' can be anything from a 2nd hand bunch of chinese fake gpus and a clone psu nailed to some wood, through to a professional grounded setup with server psus/EVGA ATX and brand new premium GPUS. Obviously the cost is very different, as will the potential revenue. It's a bit like asking how much a 'car' costs, and how fast it goes...

basicnecromancycr

member

Activity: 350

Merit: 12

In the first page, the answer is 2k $. Is this same in current conditions and what about profitability? Any expert?

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: osiano on May 21, 2019, 05:56:54 AM

please

How much would it cost with listed items to build mining rig in 2019

thanks

That depends on how much your budget and rather than putting about how much cost and this will not accurate. You can assume if you have x amounts and wanna build a mining rig and that will be a reasonable question rather than talk about how much consume to buy a mining rigs in 2019.
How much your budget?

serhanni

full member

Activity: 686

Merit: 100

Quote from: Wayan_Pedjeng on May 21, 2019, 09:34:12 AM

Second hand mining rigs are now available at much cheaper rates when compared to the new ones, and depending on your limited funding, this may be the best option for you. But always remember that the old rigs can be more power-consuming, more prone to over-heating and most importantly they can have a significantly shorter lifespan.

I agree with him. There are lots of second hand mining rigs available used for 2-3 months, since people stopped mining because of low profitability. Or try to find second hand gpu's from gamers.

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Second hand mining rigs are now available at much cheaper rates when compared to the new ones, and depending on your limited funding, this may be the best option for you. But always remember that the old rigs can be more power-consuming, more prone to over-heating and most importantly they can have a significantly shorter lifespan.

EdvinZ

sr. member

Activity: 994

Merit: 260

Quote from: Georgejoshio on December 27, 2017, 12:22:51 AM

How much should I spend on a power supply? I am building a rig with 6 1070s and was thinking of buying a EVGA SuperNOVA 1600 P2 80+ PLATINUM. Any advice is appreciated.

Video cards 1070 can consume up to 240w. For 6 cards and for the rest of the system components, you will need a power supply of at least 2000w to reach their full potential. I think that for your mining rig you can easily find a good power supply no more than $250.

osiano

newbie

Activity: 1

Merit: 0

please

How much would it cost with listed items to build mining rig in 2019

thanks

Partizanai

member

Activity: 112

Merit: 10

im building and selling rigs on my spare time. Last one i have sold was: (3500 euro or ~4200 USD)
*Biostar TB250-BTC+ motherboard
*Processor Intel G4400
*4GB DDR4 RAM
*120GB Kingston SSD
*8 units - Sapphire Nitro+ Special Edition Radeon RX 580 8GB DDR5 + Riser v008
*2 units - Fully modular Corsair HX850, 80 PLUS platinium PSU
*Aluminium frame (custom made)

Topic: How much would it cost to build mining rig? (Read 14436 times)