Topic: new mining rig suggestion (Read 456 times)
Mining is still profitable in the future. In any case, the growth of the market will come and bring in miners good incomes. As for the mining itself, I would recommend to look at such a platform as Whalesburg, which is considered to be the best in terms of payment efficiency, stability of work and user-friendly interface, which makes mining enjoyable.
I think new miners focus too heavily on upfront cost as compared to how long it will take to pay off the gpu from mining. You also need to consider resale value. If you can afford high-end gpus they are often a better buy if you take into account resale value. The 1080ti, despite being a pretty old card, is still an in-demand card on the secondary market because you can get 2080 levels of performance on most games for less money.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
I'm starting to look at it is way. I started 2 years ago and bought all my cards right before the boom and I'm surprised at how much value my Navidia cards retained. I assumed after a crash they would be almost worthless. I'm looking at replacing my cards, with .049 electrical cost and high resale the risk isn't as big as one would think. I'm trying to calculate which 2000 series card has the best potential. Best bang for your buck seems like the 2060 or 2070 but 2080 or 2080 ti might retain more resale value.
So true , but anyways it's really depends on our capabilities which and which cards to use. If we are planning for longterm hold of the coin we mined or we are going to liquidates as soon as we mined them. Big consideration is our electricity cost , so it's okay to buy any cards which you prefer to buy depending on your knowledge and target. Have a good day everyone.
I would go with the cheapest possible option if you don't care and are mining for a future profit, mining at a loss should not be a problem for you if this is the case.
If you want this new mining rig to be profitable and money is not a problem wait for Rx VII cards but I would go with the cheapest option.
If you want this new mining rig to be profitable and money is not a problem wait for Rx VII cards but I would go with the cheapest option.
Yes I agree, we all didn't know the OP's financial capabilities yet and his understanding about mining, so we all just trying to give him some tips and advices so we can help. It is really up to him what he intends to do. Have a nice day everyone.
I think new miners focus too heavily on upfront cost as compared to how long it will take to pay off the gpu from mining. You also need to consider resale value. If you can afford high-end gpus they are often a better buy if you take into account resale value. The 1080ti, despite being a pretty old card, is still an in-demand card on the secondary market because you can get 2080 levels of performance on most games for less money.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
I'm starting to look at it is way. I started 2 years ago and bought all my cards right before the boom and I'm surprised at how much value my Navidia cards retained. I assumed after a crash they would be almost worthless. I'm looking at replacing my cards, with .049 electrical cost and high resale the risk isn't as big as one would think. I'm trying to calculate which 2000 series card has the best potential. Best bang for your buck seems like the 2060 or 2070 but 2080 or 2080 ti might retain more resale value.
I think if you can get the cheap non-founders versions of the 2080 and 2080ti those can be a pretty good buy. e.g. $999 for a 2080ti. Still, coin prices are so bad right now I would be hesitant to drop significant money on new hardware. I'm mining my 580s and 1070s into the ground even though I could get a bump in profit by replacing them with e.g. 2070s.
I think new miners focus too heavily on upfront cost as compared to how long it will take to pay off the gpu from mining. You also need to consider resale value. If you can afford high-end gpus they are often a better buy if you take into account resale value. The 1080ti, despite being a pretty old card, is still an in-demand card on the secondary market because you can get 2080 levels of performance on most games for less money.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
I'm starting to look at it is way. I started 2 years ago and bought all my cards right before the boom and I'm surprised at how much value my Navidia cards retained. I assumed after a crash they would be almost worthless. I'm looking at replacing my cards, with .049 electrical cost and high resale the risk isn't as big as one would think. I'm trying to calculate which 2000 series card has the best potential. Best bang for your buck seems like the 2060 or 2070 but 2080 or 2080 ti might retain more resale value.
I don't really know how new you are to the whole mining game, but just remember:
Nvidia is plug and play, no worries. More expensive.
AMD needs some tweaking to get the most out of it. Is cheaper.
I would go with the cards that are the easiest to get your hands on and are the cheapest to buy (AMD RX series probably take the win here).
Nvidia takes uses up less power than AMD, also another thing to keep in mind.
Whichever cards you can get cheaper go with them
Nvidia is plug and play, no worries. More expensive.
AMD needs some tweaking to get the most out of it. Is cheaper.
I would go with the cards that are the easiest to get your hands on and are the cheapest to buy (AMD RX series probably take the win here).
Nvidia takes uses up less power than AMD, also another thing to keep in mind.
Whichever cards you can get cheaper go with them
I think new miners focus too heavily on upfront cost as compared to how long it will take to pay off the gpu from mining. You also need to consider resale value. If you can afford high-end gpus they are often a better buy if you take into account resale value. The 1080ti, despite being a pretty old card, is still an in-demand card on the secondary market because you can get 2080 levels of performance on most games for less money.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
So I suggest the following calculation. Calculate the payoff period for the lowest end gpus you're considering (e.g. 580/1060). These likely have low or negligible (scrap/spare parts) resale value. Then calculate how much you would earn in that time from a higher end gpu, and add 50% of the price of the higher-end gpu to those earnings (50% being the likely resale value). I bet the higher end gpu ends up a better buy.
For example:
RX580 purchased new currently takes about 5.4 years to pay off by mining eth.
RTX2080 purchased new will earn roughly $410 in 5.4 years by mining eth. Selling to a gamer for half price ($400) leaves you with an extra $10.
People who bought 1080ti's for mining are generally doing pretty well. They can mine on them as long as they're profitable or sell them for a reasonable return. But there isn't a strong secondary market for 480/580.
You also need to account for the fact that higher-end cards are typically more versatile and powerful for mining other algorithms (especially higher-end nvidia cards). For example, the RTX2080 can mine e.g. x16r or timetravel or progpow very well. At current prices, you could pay off a 2080 in a little over three years by mining alternative algorithms. That's a lot better than the rx580's 5.4 year timeframe.
Hey guys, want to ask for a suggestion. I am considering building new additional mining rig (for fun and possible income in the future, i am aware the mining isn't really profitable at the moment).
so my only question is, if you were building new rig right now, what GPUs will you choose?
1. the new RX 590s (or RX 580s, they are relatively cheap now)
2. AMD Vega's
3. or would you go with Nvidia cards?
thanks for every opinion and suggestion
can you be more than that. I would rather recommend Whalesburg as a better way is used to generate profit in the mine. with a good algorithm pad this time then you will be able to choose the best coins and producing for mine. In addition, Whalesburg also legally and get the official operating permission so make mine become safe and comfortable. so my only question is, if you were building new rig right now, what GPUs will you choose?
1. the new RX 590s (or RX 580s, they are relatively cheap now)
2. AMD Vega's
3. or would you go with Nvidia cards?
thanks for every opinion and suggestion
I would go with the cheapest possible option if you don't care and are mining for a future profit, mining at a loss should not be a problem for you if this is the case.
If you want this new mining rig to be profitable and money is not a problem wait for Rx VII cards but I would go with the cheapest option.
If you want this new mining rig to be profitable and money is not a problem wait for Rx VII cards but I would go with the cheapest option.
Try the AMD Radeon VII with 3840 stream processor and 16GB of HBM. It's a little bit pricey for now compared to Vega II but it's really powerful for mining.
Hey miners! Great ideas by the way. We talk about hardware every week in our podcast. Right now, although the brand new cards make us want, want, want, we all agree that right now the GTX 1060/1070/1080Ti is still the king for ROI for nvidia, and 570/580 are fantastic deals for AMD.
Reasoning: Both of them can be tuned nicely for a great hash/watt output. (In PiMP OS we use Polaris Bios Editor for AMD, and/or our own gputool application, and offer other tools) in Windows you would have to use Afterburner or other Mfg/Driver utilities. Some pimps are able to use gputool to get AMDs down to like 60 Watts and hashing along just fine. That's pretty efficient! Personally I have all 1070s and 580s in my farm at home, and my heat bill is next to nothing because i blow the rig heat towards the HVAC return to circulate it in the house...
The thing is, you can be mining a few different coins that work great on specific hardware. With ETH changes around the corner, many folks are ready to jump on XMR/LOKI, especially with AMD cards that rock on the cryptonight algos. There's a bunch of new coins like BEAM, we have bminer and gminer included if you want to mine that. It's an Equihash variant so it should be a star on your nvidias.
We did create a user-friendly ready-to-go solution called PiMP OS back in 2012. This not only includes claymore, custom kernel and drivers made for mining, optimized config files, troubleshooting and diagnostics tools, and the miner.farm monitoring tool all built in, but also, works out of the box, hashes faster than most windows rigs, and boasts uptimes in the hundreds of days. Give us a try! getpimp.org has a video and more information. Let our experience and workmanship work for you. Thank you very much!
Either way, I'd say, try Teamredminer or xmr-aeonstak and see if you can get some XMR or LOKI coins. These algos also run more efficiently, so you'll be all ready for spring and summer mining. And your power bill will be lower.
I hope this information helps you.
~ melt
getpimp.org | miner.farm
Reasoning: Both of them can be tuned nicely for a great hash/watt output. (In PiMP OS we use Polaris Bios Editor for AMD, and/or our own gputool application, and offer other tools) in Windows you would have to use Afterburner or other Mfg/Driver utilities. Some pimps are able to use gputool to get AMDs down to like 60 Watts and hashing along just fine. That's pretty efficient! Personally I have all 1070s and 580s in my farm at home, and my heat bill is next to nothing because i blow the rig heat towards the HVAC return to circulate it in the house...
The thing is, you can be mining a few different coins that work great on specific hardware. With ETH changes around the corner, many folks are ready to jump on XMR/LOKI, especially with AMD cards that rock on the cryptonight algos. There's a bunch of new coins like BEAM, we have bminer and gminer included if you want to mine that. It's an Equihash variant so it should be a star on your nvidias.
We did create a user-friendly ready-to-go solution called PiMP OS back in 2012. This not only includes claymore, custom kernel and drivers made for mining, optimized config files, troubleshooting and diagnostics tools, and the miner.farm monitoring tool all built in, but also, works out of the box, hashes faster than most windows rigs, and boasts uptimes in the hundreds of days. Give us a try! getpimp.org has a video and more information. Let our experience and workmanship work for you. Thank you very much!
Either way, I'd say, try Teamredminer or xmr-aeonstak and see if you can get some XMR or LOKI coins. These algos also run more efficiently, so you'll be all ready for spring and summer mining. And your power bill will be lower.
I hope this information helps you.
~ melt
getpimp.org | miner.farm
I like both I've been looking at buying some more 580's because amd is cheaper than nvidia I get 30mh eth and 730 on xmr on my 1070's the good things about nvidia is there's more to choose from when mining now and there's more miner dev's now when I first started mining amd was the go to card and we had a lot more dev's but seems things have flipped
I would recommend Nvidia cards. You can get them pretty cheap now compared to last year and they are still performing great. Replaced all my cards with 1070tis and have been extremely happy with them.
Hi there.
I've just bought the parts to my first mining rig
- i chosed to go with the Rx 580' as they were cheap and had a nice hashrate.
From what i've read they're providing the same (or more) hashes than a 1060, which is more expensive.
But then again - im new to mining so some1 might have better answer.
I've just bought the parts to my first mining rig
- i chosed to go with the Rx 580' as they were cheap and had a nice hashrate.From what i've read they're providing the same (or more) hashes than a 1060, which is more expensive.
But then again - im new to mining so some1 might have better answer.
I have nvidia and amd
1060-1070
Rx 480-570-580
Amd more power consumption and heat
Nvidia low power consumption
Amd just good with ethash algo doin 30/35 mh with mod
Nvidia can mine all algorithms with 100% speed more than AMD!
So... You maybe choose wrong 😐
Nvidia can mine all algo with 100%. Ok and what is 100% from what? Stupid answer. Monero (all cryptonight forks) works better on AMD then on Nvidia.
how much does a nvidia 1070 (300€) cost and how much an amd 570/580 (130€/160€) cost? All reach over 30mh.
There are some algos better for nvidia and there are also better algos for amd.
I will take my time to research more on this, but then thanks for sharing the information.
We can as well try out the Whalesburg smart mining pool and see the difference, Whalesburg is a mining software bundle which incorporates three components: multi-currency mining pool with a profit-switching algorithm, remote hardware monitoring software and a large-scale overclocking tool. The team have released proof-of-concept version and updated it to an MVP which is a stand-alone working product. Mining community has welcomed Whalesburg Smart Mining Pool.
We can as well try out the Whalesburg smart mining pool and see the difference, Whalesburg is a mining software bundle which incorporates three components: multi-currency mining pool with a profit-switching algorithm, remote hardware monitoring software and a large-scale overclocking tool. The team have released proof-of-concept version and updated it to an MVP which is a stand-alone working product. Mining community has welcomed Whalesburg Smart Mining Pool.
Hey guys, want to ask for a suggestion. I am considering building new additional mining rig (for fun and possible income in the future, i am aware the mining isn't really profitable at the moment).
so my only question is, if you were building new rig right now, what GPUs will you choose?
1. the new RX 590s (or RX 580s, they are relatively cheap now)
2. AMD Vega's
3. or would you go with Nvidia cards?
thanks for every opinion and suggestion
so my only question is, if you were building new rig right now, what GPUs will you choose?
1. the new RX 590s (or RX 580s, they are relatively cheap now)
2. AMD Vega's
3. or would you go with Nvidia cards?
thanks for every opinion and suggestion
Check carefully your calculations. It's real that now NVIDIA Pascal and AMD RX series GPUs are enough cheap. But also profit is very smal and strongly depends on electricity cost. Maybe better to buy altcoins than building a farm for that money?
Right now I would suggest 1070 or 1070ti's. They can be found used from $250-$300 and are great versatile cards. Good with power consumption.
Quote
Amd just good with ethash algo doin 30/35 mh with mod
Nvidia can mine all algorithms with 100% speed more than AMD!
So... You maybe choose wrong 😐
Nvidia can mine all algorithms with 100% speed more than AMD!
So... You maybe choose wrong 😐
True - im goin to mine ethash tho.
my open air rig:
1x 1060 6gb
2x P104-100 (veeeeeery gooood)
temperature about 55 celsious on all cards
ETH hashrate 104 megahashes
power consuption 415 Watt
have a nice day
1x 1060 6gb
2x P104-100 (veeeeeery gooood)
temperature about 55 celsious on all cards
ETH hashrate 104 megahashes
power consuption 415 Watt
have a nice day
Hi there.
I've just bought the parts to my first mining rig - i chosed to go with the Rx 580' as they were cheap and had a nice hashrate.
From what i've read they're providing the same (or more) hashes than a 1060, which is more expensive.
But then again - im new to mining so some1 might have better answer.
I've just bought the parts to my first mining rig
- i chosed to go with the Rx 580' as they were cheap and had a nice hashrate.From what i've read they're providing the same (or more) hashes than a 1060, which is more expensive.
But then again - im new to mining so some1 might have better answer.
I have nvidia and amd
1060-1070
Rx 480-570-580
Amd more power consumption and heat
Nvidia low power consumption
Amd just good with ethash algo doin 30/35 mh with mod
Nvidia can mine all algorithms with 100% speed more than AMD!
So... You maybe choose wrong 😐
Hi there.
I've just bought the parts to my first mining rig - i chosed to go with the Rx 580' as they were cheap and had a nice hashrate.
From what i've read they're providing the same (or more) hashes than a 1060, which is more expensive.
But then again - im new to mining so some1 might have better answer.
I've just bought the parts to my first mining rig
- i chosed to go with the Rx 580' as they were cheap and had a nice hashrate.From what i've read they're providing the same (or more) hashes than a 1060, which is more expensive.
But then again - im new to mining so some1 might have better answer.
Hey guys, want to ask for a suggestion. I am considering building new additional mining rig (for fun and possible income in the future, i am aware the mining isn't really profitable at the moment).
so my only question is, if you were building new rig right now, what GPUs will you choose?
1. the new RX 590s (or RX 580s, they are relatively cheap now)
2. AMD Vega's
3. or would you go with Nvidia cards?
thanks for every opinion and suggestion
so my only question is, if you were building new rig right now, what GPUs will you choose?
1. the new RX 590s (or RX 580s, they are relatively cheap now)
2. AMD Vega's
3. or would you go with Nvidia cards?
thanks for every opinion and suggestion
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