I have $9,000 and need advice building 2 RIG

cflex

newbie

Activity: 14

Merit: 0

Quote from: papasmurf1337 on September 15, 2017, 06:49:55 AM

Quote from: coinfoundry on September 15, 2017, 04:05:16 AM

Quote from: papasmurf1337 on September 14, 2017, 06:29:55 PM

You cant compare AMD and NVIDIA.

It is like you compare LAMBO and SKODA

NVIDIA is best.

That's the stupidest thing I've ever read. This might be true for gaming. For crypto mining it depends on multiple factors such as the coin you intend to mine and the power consumption you are willing to accept.

I have 100+ RX models, 100+ NVIDIA models...so i think i am capable for this test.
With RX models always some problem, much machines go crazy and freeze...you need to to hard reset...when you have like 20 rigs there is no chance in 7 days at least 2-3 interventions.
NVIDIA 20 rigs are running without problem with uptime 30days + ...i can post screens if you want.
Also it uses more power, also go compare how much coins and what result you get with AMD and what with NVIDIA models...

I can't say AMD is cheaper much too because this moments when it is hard to find GPUs RX 580 models are 350 EURs mostly or even more and NVIDIA is 450 and it rox...

I have the opposite experience as this.

My AMD rigs are running without a single issue for over 1120 hours right now. My nvidia rigs I literally have to check multiple times per day because they are constantly giving random issues. Both are equal profit for the dollars I spent.

Chan8

sr. member

Activity: 378

Merit: 250

Quote from: dragonmike on September 15, 2017, 04:33:05 AM

Quote from: Chan8 on September 14, 2017, 08:17:43 AM

yes I'm a true believer investing in mining hardware.. if you want I can give you good deal on my...

LoL
Classic.

care to clarify what you mean?

Miningstore

jr. member

Activity: 107

Merit: 1

Miningstore.com - Mining Rigs and Rig Hosting

antminers are typically around the 1500-2500 range, why not buy any of those?

papasmurf1337

newbie

Activity: 64

Merit: 0

Quote from: coinfoundry on September 15, 2017, 04:05:16 AM

Quote from: papasmurf1337 on September 14, 2017, 06:29:55 PM

You cant compare AMD and NVIDIA.

It is like you compare LAMBO and SKODA

NVIDIA is best.

That's the stupidest thing I've ever read. This might be true for gaming. For crypto mining it depends on multiple factors such as the coin you intend to mine and the power consumption you are willing to accept.

I have 100+ RX models, 100+ NVIDIA models...so i think i am capable for this test.
With RX models always some problem, much machines go crazy and freeze...you need to to hard reset...when you have like 20 rigs there is no chance in 7 days at least 2-3 interventions.
NVIDIA 20 rigs are running without problem with uptime 30days + ...i can post screens if you want.
Also it uses more power, also go compare how much coins and what result you get with AMD and what with NVIDIA models...

I can't say AMD is cheaper much too because this moments when it is hard to find GPUs RX 580 models are 350 EURs mostly or even more and NVIDIA is 450 and it rox...

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: Kstin on September 14, 2017, 06:22:46 AM

Just buy bitcoin for this money. Wait 2-3 weeks and ytou will be able to buy 3 rigs)

So YOU are the one that invoked Murphy and caused the current Bitcoin price collapse!

JP Morgan was FUD - but BTC China announcing they are closing all operations by September 30 is a bit more than FUD, it's a bellwether.

dragonmike

hero member

Activity: 1274

Merit: 556

Quote from: Chan8 on September 14, 2017, 08:17:43 AM

yes I'm a true believer investing in mining hardware.. if you want I can give you good deal on my...

LoL
Classic.

Matarin

newbie

Activity: 27

Merit: 0

Quote from: coinfoundry on September 15, 2017, 04:05:16 AM

Quote from: papasmurf1337 on September 14, 2017, 06:29:55 PM

You cant compare AMD and NVIDIA.

It is like you compare LAMBO and SKODA

NVIDIA is best.

That's the stupidest thing I've ever read. This might be true for gaming. For crypto mining it depends on multiple factors such as the coin you intend to mine and the power consumption you are willing to accept.

I agree. The AMD cards is best for mining for long time.

coinfoundry

full member

Activity: 292

Merit: 100

Miningcore

Quote from: papasmurf1337 on September 14, 2017, 06:29:55 PM

You cant compare AMD and NVIDIA.

It is like you compare LAMBO and SKODA

NVIDIA is best.

That's the stupidest thing I've ever read. This might be true for gaming. For crypto mining it depends on multiple factors such as the coin you intend to mine and the power consumption you are willing to accept.

KalilLil

newbie

Activity: 9

Merit: 0

Quote from: jmigdlc99 on September 14, 2017, 09:13:45 PM

Quote from: KalilLil on September 14, 2017, 06:35:15 AM

How can I expect like 30% return in 3 weeks? Any news I missed?

Check the bitcoin price. Everything is down because of the China and JPMorganshit FUD.
But the price will eventually rebound for sure. Now is a good time because of the dip. Buy low sell high.

Quote from: Za1n on September 14, 2017, 07:09:41 PM

Quote from: rdluffy on September 14, 2017, 07:15:53 AM

This is not the best time to buy a rig man

This is the most understated comment of this entire thread.

You better wait for the next days/weeks to see how all this Bitcoin China drama plays out before wasting money on a mining rig. Coin prices are continuing to head downwards and with $9,000 in your pocket you will be better off buying coins directly than investing in mining hardware at this point in time. Bitcoin and any GPU mine-able alt coin will correct to at least 50% off recent highs and you will have a much better chance profiting by buying directly than mining. Hardware prices are still around 150% of original MSRP making mining ROI even less likely, but if this downtrend last for more than a couple of weeks I think you will see those prices begin to fall as well.

No matter what you decide, my advice would be to wait for a few more days before buying anything (coins or hardware) to see what is in store for us in the near future.

Correct. This exactly. Not a good time to buy. Rather just invest in currency itself.
The $3000 range BTC is currently trading is actually a pretty good price point to get into.

Quote from: Za1n on September 14, 2017, 07:09:41 PM

Quote from: rdluffy on September 14, 2017, 07:15:53 AM

This is not the best time to buy a rig man

This is the most understated comment of this entire thread.

You better wait for the next days/weeks to see how all this Bitcoin China drama plays out before wasting money on a mining rig. Coin prices are continuing to head downwards and with $9,000 in your pocket you will be better off buying coins directly than investing in mining hardware at this point in time. Bitcoin and any GPU mine-able alt coin will correct to at least 50% off recent highs and you will have a much better chance profiting by buying directly than mining. Hardware prices are still around 150% of original MSRP making mining ROI even less likely, but if this downtrend last for more than a couple of weeks I think you will see those prices begin to fall as well.

No matter what you decide, my advice would be to wait for a few more days before buying anything (coins or hardware) to see what is in store for us in the near future.

Since the money will be avaible to me on Sep 20th, and after all the help I got here and some research I did on myself, I'm trending to save 80% Bitcoins to sell when it reaches 5-6k (then go for RIGS) and trade altcoins with other 20%...I think I'll learn a lot from trading and also have plenty of free time right now

Marvell2

full member

Activity: 1148

Merit: 132

order some A3 antminer

you will make far more using those than with GPU atm

jmigdlc99

sr. member

Activity: 784

Merit: 282

Quote from: KalilLil on September 14, 2017, 06:35:15 AM

How can I expect like 30% return in 3 weeks? Any news I missed?

Check the bitcoin price. Everything is down because of the China and JPMorganshit FUD.
But the price will eventually rebound for sure. Now is a good time because of the dip. Buy low sell high.

Quote from: Za1n on September 14, 2017, 07:09:41 PM

Quote from: rdluffy on September 14, 2017, 07:15:53 AM

This is not the best time to buy a rig man

This is the most understated comment of this entire thread.

You better wait for the next days/weeks to see how all this Bitcoin China drama plays out before wasting money on a mining rig. Coin prices are continuing to head downwards and with $9,000 in your pocket you will be better off buying coins directly than investing in mining hardware at this point in time. Bitcoin and any GPU mine-able alt coin will correct to at least 50% off recent highs and you will have a much better chance profiting by buying directly than mining. Hardware prices are still around 150% of original MSRP making mining ROI even less likely, but if this downtrend last for more than a couple of weeks I think you will see those prices begin to fall as well.

No matter what you decide, my advice would be to wait for a few more days before buying anything (coins or hardware) to see what is in store for us in the near future.

Correct. This exactly. Not a good time to buy. Rather just invest in currency itself.
The $3000 range BTC is currently trading is actually a pretty good price point to get into.

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: rdluffy on September 14, 2017, 07:15:53 AM

This is not the best time to buy a rig man

This is the most understated comment of this entire thread.

You better wait for the next days/weeks to see how all this Bitcoin China drama plays out before wasting money on a mining rig. Coin prices are continuing to head downwards and with $9,000 in your pocket you will be better off buying coins directly than investing in mining hardware at this point in time. Bitcoin and any GPU mine-able alt coin will correct to at least 50% off recent highs and you will have a much better chance profiting by buying directly than mining. Hardware prices are still around 150% of original MSRP making mining ROI even less likely, but if this downtrend last for more than a couple of weeks I think you will see those prices begin to fall as well.

No matter what you decide, my advice would be to wait for a few more days before buying anything (coins or hardware) to see what is in store for us in the near future.

papasmurf1337

newbie

Activity: 64

Merit: 0

You cant compare AMD and NVIDIA.

It is like you compare LAMBO and SKODA

NVIDIA is best.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: KalilLil on September 14, 2017, 06:35:15 AM

How can I expect like 30% return in 3 weeks? Any news I missed?

You can't.

Febuary-March timeframe, sure - during the first part of the big price runup but before miners had built enough new hashrate to catch up and the GPU shortage price gouging started.

Now - if you manage 10% return a month you're doing pretty good - we're almost back down to the profitability level of LAST summer, where only the low-cost electric folks could seriously prosper.

Chan8

sr. member

Activity: 378

Merit: 250

Quote from: KalilLil on September 14, 2017, 07:33:30 AM

Quote from: shaninium on September 14, 2017, 07:23:08 AM

Buy btc in low to mid 3k range , wait a few weeks / months sell for 50% profit and if u still have to buy a rig you will get the gpu s cheaper by then or just buy a pre built 570x8 from bitmain (chinese site) for 3k (prob less by then). Your crazy to buy a rig now.

Quote from: rdluffy on September 14, 2017, 07:15:53 AM

This is not the best time to buy a rig man

But here in Brazil the GPUS are almost the same price (those high end cards, now and before the "rally") always that expansive...Since you know that know, its worth to buy Bitcoin, wait for a month and hope get 30-50% then go for RIGs? *keep in mind that if ALL goes wrong I can still make up those GPU (especialy NVIDIA ones) into a desktop and sell for gamers here, our prices are crazy)

yes I'm a true believer investing in mining hardware.. if you want I can give you good deal on my AMD rx570 4gb rx580 8gb cards. I'm selling off a big portion of my gpu hardware in my facility, to make room for more asics coming in. I have a lot of models, if a specific model you want let me know. so if your interested shoot me a pm. I can throw in motherboards, chips and rams with them if u want, since I wont be needing.

for bitmain gpu rigs, I would say theres not a big resale market for those compared to gpus.

of course escrow 100%

*note these cards is used for 3 months now, and currently still being used. so still close to full manufacturer warranty on them.

KalilLil

newbie

Activity: 9

Merit: 0

Quote from: shaninium on September 14, 2017, 07:23:08 AM

Buy btc in low to mid 3k range , wait a few weeks / months sell for 50% profit and if u still have to buy a rig you will get the gpu s cheaper by then or just buy a pre built 570x8 from bitmain (chinese site) for 3k (prob less by then). Your crazy to buy a rig now.

Quote from: rdluffy on September 14, 2017, 07:15:53 AM

This is not the best time to buy a rig man

But here in Brazil the GPUS are almost the same price (those high end cards, now and before the "rally") always that expansive...Since you know that know, its worth to buy Bitcoin, wait for a month and hope get 30-50% then go for RIGs? *keep in mind that if ALL goes wrong I can still make up those GPU (especialy NVIDIA ones) into a desktop and sell for gamers here, our prices are crazy)

mrreese

member

Activity: 98

Merit: 11

In CryptoCurrency We trust .

Quote from: KalilLil on September 14, 2017, 05:09:32 AM

I want to start mining and with that money in my country I can build 2 RIGs.

I pay $800 for each RIG without the GPUS, so almost $7,400 for both RIGs GPUS.

So far I have the option to build 1 RIG with 8 RX 570 4GB ($3,600) and another 1 with 6-7 1070 ($5,400) this is the most efficient setup with my budget?

I don't want to go all in AMD or NVIDIA since I learned diversification is important.

the better and stable rig is with 7x 570 4Gb, i have that PM if you want more information pm me

shaninium

sr. member

Activity: 489

Merit: 253

Buy btc in low to mid 3k range , wait a few weeks / months sell for 50% profit and if u still have to buy a rig you will get the gpu s cheaper by then or just buy a pre built 570x8 from bitmain (chinese site) for 3k (prob less by then). Your crazy to buy a rig now.

rdluffy

legendary

Activity: 2366

Merit: 1408

This is not the best time to buy a rig man

mrreese

member

Activity: 98

Merit: 11

In CryptoCurrency We trust .

If you are interested i have few rigs to sell, you can check here -> https://bitcointalksearch.org/topic/gpu-mining-rig-ethos-plug-n-mine-mining-part-and-equipment-case-2154109

Topic: I have $9,000 and need advice building 2 RIG (Read 1315 times)