-You need to find a supplier or even reseller to let you get a large, initial shipment of the first GPUs when nvidia releases them. This is key and your purchasing power should allow it if you start getting in contact now.
nvidia, zotac, evga, gigabyte, macmall, newegg, etc
-I'm not sure if the specs are out yet but once you get them you should build sample rigs with similar spec cards in terms of power usage.
-You need to build a few server mount rigs with current cards to see which design is best/coolest. That way you have all of your equipment bought in bulk and ready to go the day the new cards ship. You choose the best two designs and repeat them with half of your money in each. 3 or 4 designs if you want more work and less risk. if one design fails, you have the rest in a different design with different brands of equipment. 50k x 4 or 100k x 2.
-the key here is timing. You are sitting on a ticking time bomb from the moment the new cards release. They will probably sell out for several months and the best way for you to secure a profit is to mine until the resell value falls to the bulk price you bought at. You then sell enough GPUs to earn all of your money back and profit off of everything from there.
Topic: Looking to build a 200k$ mining farm. Asking for answers! (Read 445 times)
Dans quel coin de France ?
from dpt 79 (deux-sevres)
I know that's not sexy at all
everything is sexy when it wear millions $ dress !
Dans quel coin de France ?
from dpt 79 (deux-sevres)
I know that's not sexy at all
GPUs and ASICs are both a bad investment at this point, IMO.
Many good comments here. Ill add some:
-Most important: At this moment to have decent profits you need person who have time, motivation and skills to manage what coin to mine, follow whole scene etc.
-If electricity price ~0.08€ or so its OK
-With mid size farm (200k) you have to start thinking also stuff like people said, airflow / heat issues. I would add also network planning, dual WAN connections, firewalls etc
-Would recommend to go mixed with asic and gpu
So to sum it up, there is many things to think, but if you have motivation and skills then its possible ofc.
ps. yes forget that nicehash
-Most important: At this moment to have decent profits you need person who have time, motivation and skills to manage what coin to mine, follow whole scene etc.
-If electricity price ~0.08€ or so its OK
-With mid size farm (200k) you have to start thinking also stuff like people said, airflow / heat issues. I would add also network planning, dual WAN connections, firewalls etc
-Would recommend to go mixed with asic and gpu
So to sum it up, there is many things to think, but if you have motivation and skills then its possible ofc.
ps. yes forget that nicehash
if you needed to ask then no.
Infrastructure will cost you a lot unless you already have it set up. My advice is to not nosedive in with $200k, you will have to be versed in maintaining the operation and its easier to learn rig by rig. Adding one at a time to see where your maintenance threshold is (how much time it takes). As you learn then i would grow. Most who dive right in wind up over their heads and sell product for a loss. Either way good luck to you.
Like the other guy said, in that scale only ASIC are profitable. Currently we have a lot of new asics with latest technology but all of current gen gpus are outdated. With GPU, there are LOTS of points of failure. It's almost full time job if you have many rigs. This is my personal experience from owning multiple gpu rigs and asics at my home. Don't think about selling gpus, if you have doubts and thinking of exit plans then it's not worth spending big money. Only enter it you believe in long term success. 2018 is year of ASICs.
But my best suggestion : If you invest only 1/4 of that money now in good cryptocurrencies then you will get way more then you will ever get with a mining farm, it's way less headache too.
But my best suggestion : If you invest only 1/4 of that money now in good cryptocurrencies then you will get way more then you will ever get with a mining farm, it's way less headache too.
Dans quel coin de France ?
First thing first, please share more information on space where you plan to install the farm. How much m2 , what is the height of a ceiling, is it located in mountain area. Try to be as details as possible, also please share what kind of el. network you have, depending on your setup you will have to spread all the available power across the entire room (its not like just plugin in 2 rigs in to wall outlet). If there is only a power cabinet on the farm without any additional el. infrastructure you will have to invest in that also.
As for cooling there are couple of methods but most cost effective one is sucking hot air from the premises...
From my experience this is the difficult part (believe it or not), setting up mining rigs is easy, but setting up a proper el. power and cooling is the complicated part...
As for cooling there are couple of methods but most cost effective one is sucking hot air from the premises...
From my experience this is the difficult part (believe it or not), setting up mining rigs is easy, but setting up a proper el. power and cooling is the complicated part...
Please start with a single high end gpu + ryzen cpu, mine for a while and if doesn't suit you enjoy gaming on it or use for work 
There is a lot to learn, if you start with maximum dollars you will also get maximum panic. Start slow, the times are changing.
There is a lot to learn, if you start with maximum dollars you will also get maximum panic. Start slow, the times are changing.
I am living in France
Electricity is about 0,2$ / kWh
Hard to be profitable, except during winter when heat is useful
But from may to september, heat is an issue in France
I don't understand what he really wants to do
Electricity is about 0,2$ / kWh
Hard to be profitable, except during winter when heat is useful
But from may to september, heat is an issue in France
I don't understand what he really wants to do
if you have to pay 0.8$/kwh, then forget about building a mining farm ...
If you want to build a mining farm you need to go asic. Id focus on bitcoin or litecoin. GPU rigs are trash compared to ASIC. They cost more to build, more to maintain, have software problems, among other things. There are 30 failure points alone on a standard 6 card rig.
0.8$/kwh ís not profitable for mining. It will take you forever to ROI. After you reach your ROI, you will need to replace your mining hardware.
$0.8 is 80 cents. I don't think you mean that. Maybe 8 cents which is $0.08.
GPUs are in tough spot right now. Prices are coming down slowly though. I would suggest to also have ASICs in the mix.
GPUs are in tough spot right now. Prices are coming down slowly though. I would suggest to also have ASICs in the mix.
With such big investment i would personally wait for next gen gpus
Mining isnt so profitable atm , and we are still in btc downtrend
equihash asics on the way, next gen gpus on the way, 1080ti still overpriced
Entering mining you need to think longterm now, 3 month roi is over
my 1080ti's still didnt roi , if btc hit 4-5k $ i will just shutdown my rigs and wait for better time to mine, i wont sell them, 0,17$ kwh here
Mining isnt so profitable atm , and we are still in btc downtrend
equihash asics on the way, next gen gpus on the way, 1080ti still overpriced
Entering mining you need to think longterm now, 3 month roi is over
my 1080ti's still didnt roi , if btc hit 4-5k $ i will just shutdown my rigs and wait for better time to mine, i wont sell them, 0,17$ kwh here
if you are asking these type of questions.... you really should not take peoples money and do this. You should be versed in this stuff. Not bashing you, just tossing avice your way. I have way more than that in my personal farm but I knew what direction I wanted to go 3 years ago...
You bringing up nicehash to be honest scares me.
You bringing up nicehash to be honest scares me.
Yes, you are right.
I am not taking anybody's money, I am working with someone and we want to do it together. Not planning to do it tomorrow nor if not profitable etc... Just planning at the moment.
Nicehash is just the easiest way for me for my small rig as I don't pay electricity and it's remote (4 GPU). Though I know that it's better to be on a mining pool, especially with that amount of Hash power.
Let say we have enough cash for this opportunity, and we want to see if it's going to be profitable or not. If not, I won't throw money away!
@deskless, Technically yes, but it always depends on bitcoin's price for sure.
if you are asking these type of questions.... you really should not take peoples money and do this. You should be versed in this stuff. Not bashing you, just tossing avice your way. I have way more than that in my personal farm but I knew what direction I wanted to go 3 years ago...
You bringing up nicehash to be honest scares me.
You bringing up nicehash to be honest scares me.
are you sure you will make profit with $.80 per kwh ?
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