Is this a good bargain? Please Help!!!!!

djquiz

newbie

Activity: 21

Merit: 0

Quote from: HabBear on January 27, 2018, 05:40:06 PM

Quote from: djquiz on January 27, 2018, 03:20:58 PM

I'm a first time miner. Please I'm about to buy a used mining rig from a friend of mine.

Rig is going for $2000. Any advice would be appreciated. Thanks.

I have the BEST advice for you...

Post this thread in the Mining board of this forum. I guarantee you’ll getmore qualified responses. Peopl that are experts on mining don’t tend to visit the Beginners & Help board.

Find your audience and you will get the information amd expertise you are seeking!

Good luck!

Thanks, I will also post there now.

HabBear

hero member

Activity: 1106

Merit: 637

Quote from: djquiz on January 27, 2018, 03:20:58 PM

I'm a first time miner. Please I'm about to buy a used mining rig from a friend of mine.

Rig is going for $2000. Any advice would be appreciated. Thanks.

I have the BEST advice for you...

Post this thread in the Mining board of this forum. I guarantee you’ll getmore qualified responses. Peopl that are experts on mining don’t tend to visit the Beginners & Help board.

Find your audience and you will get the information amd expertise you are seeking!

Good luck!

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

With that price it isn't a bargain because we don't know how old the rig is and if there's any warranty left on those components. To give you an example a 290x is a 4 year old card and 2-3 years ago a new one with a 3 year warranty would cost you over $500. One that's past its 3 year warranty and was mining for those 3 years may fail at any point and even if it doesn't it's still worth maybe $200, if you're willing to take the risk.

Quote from: AdolfinWolf on January 27, 2018, 05:00:52 PM

Your ROI would then be 2000/9 = over 200 days..

That rig probably won't make it long enough to give him any significant profit. It might be worth it if the seller were to add all the boxes, so that you can mine fora couple months, dismantle it and sell cards individually as used. That might turn up some profit.

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: djquiz on January 27, 2018, 03:20:58 PM

Hello folks,

I'm a first time miner. Please I'm about to buy a used mining rig from a friend of mine. He wants to focus on trading cryptos because he says its more profitable for him.

I will list the components of the rig below. If Electricity isn't a factor, do you think I should go ahead and purchase?

Rig is going for $2000 Undecided

Rig components.
Metal mining frame
5x 120mm cooling fans
2x amd Sapphire R9 290x GPU
3x amd Sapphire R9 290 GPU
1x 1800w mining PSU 80 plus gold
6x pcie risers v006
120gb SSD
4gb ram
Asrock h81 pro BTC motherboard
Core i5 CPU 4th gen

150mhs mining etherium on ethermine or nanopool

Rig is going for $2000. Any advice would be appreciated. Thanks.

2x R9 290X nets you around 5-6$ a day, if your electricity is 0$. see https://www.nicehash.com/profitability-calculator/amd-r9-290x?e=0.00001¤cy=USD

-As far as the 290 goes, it isn't listed on nicehash or any other profitability calculators, so i tried to calculate it myself.-

Someone should correct me if i'm wrong, but i believe the normal 290 has a hashpower of around 200h/s mining zcash? That'd be 3*1.31$ - 4$ a day by mining Zcash.

That'd be 9-10$ a day without electricity costs.

Your ROI would then be 2000/9 = over 200 days..

Note that i'm not an expert^

djquiz

newbie

Activity: 21

Merit: 0

Hello folks,

I'm a first time miner. Please I'm about to buy a used mining rig from a friend of mine. He wants to focus on trading cryptos because he says its more profitable for him.

I will list the components of the rig below. If Electricity isn't a factor, do you think I should go ahead and purchase?

Rig is going for $2000 Undecided

Rig components.
Metal mining frame
5x 120mm cooling fans
2x amd Sapphire R9 290x GPU
3x amd Sapphire R9 290 GPU
1x 1800w mining PSU 80 plus gold
6x pcie risers v006
120gb SSD
4gb ram
Asrock h81 pro BTC motherboard
Core i5 CPU 4th gen

150mhs mining etherium on ethermine or nanopool

Rig is going for $2000. Any advice would be appreciated. Thanks.

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