Topic: Please suggest me a set up for etherum mining (Read 412 times)
4-5 mining rigs with 6way rx580.
First off, you're either nuts or just full of crap that you are gonna buy $8000 for a mining rig. Presumably you are a newbie.. Sure you can get a motherboard, pci risers, and probably pick out some decent cards (although you'd likely mess that up, so I'd buy 2 at time and learn about rom modification and all the different tweeks involved in getting a rig not only running efficiently but stable. Cooling is critical, so your environment is important. Are you gonna run winbl0ze which has better drivers or ethos which is far more stable but requires some technical skill to run...
I would take that $8000 and just invest it in your coins of choice. It's alot less work and at the end of the day, has a better chance at success than building a rig. Rig maintenance is alot of work. The golden days I think are pretty much behind us too, so how long do you plan to be in this game where you are basically breaking even or making less than min wage? It's a distinct possibility.
I have a 6 GPU rig that I run but that's b/c I have deep knowledge and it's already setup. I would NOT start from scratch today. HELL NO. In fact after this season- I'm likely out of the game. It's been fun and profitable but it's just not worth the time investment anymore.
I would take that $8000 and just invest it in your coins of choice. It's alot less work and at the end of the day, has a better chance at success than building a rig. Rig maintenance is alot of work. The golden days I think are pretty much behind us too, so how long do you plan to be in this game where you are basically breaking even or making less than min wage? It's a distinct possibility.
I have a 6 GPU rig that I run but that's b/c I have deep knowledge and it's already setup. I would NOT start from scratch today. HELL NO. In fact after this season- I'm likely out of the game. It's been fun and profitable but it's just not worth the time investment anymore.
For 8000 USD, you can build 3 rigs like mine (it's worth 2400$) + add some additional cards. With 3 rigs you would have a hashpower of 690MH/s and a power consumption around 2550W. With your budget you could add 4 GPUs and end up with 34 GPUs for a total hash power of 782MH/s. That hash power means 37$ / day and a bit more than 1100$ per month for a total power of around 2700W. That would be 194$ electricity if you pay 0.1. If you go for a Nvidia rig you would pay less to buy and less for the power.
Like the others are saying here, it's without taking difficulty into account so in the end it will always be lower than what the calculators are saying today.
Like the others are saying here, it's without taking difficulty into account so in the end it will always be lower than what the calculators are saying today.
Was going to suggest putting your details into a calculator. You can work out your hash rate from other peoples builds and work it out for yourself with your own costs etc.
Since you want to invest 8000 USD for Ethereum mining now in a time when mining is not as profitable as it used to be I am assuming your electricity in your country is cheap.
For me personally the best thing to do is to buy 4 rigs with 6xRX580 8GB cards with modified Bios. This is the best setup for you and you will have quite a good amount of profit in a month.
This is if you buy new rigs, if you buy used ones you can buy even more than 4 rigs.
For me personally the best thing to do is to buy 4 rigs with 6xRX580 8GB cards with modified Bios. This is the best setup for you and you will have quite a good amount of profit in a month.
This is if you buy new rigs, if you buy used ones you can buy even more than 4 rigs.
4 rigs with 6x RX580/8GB (24cards toltal) going to cost you more than 8000$
You need
24 x RX 580/8GB (with modded bios without killing your cards you can get 29.5MH/s easy)
4x PSU (min gold rated 1200w+ , dont go for a cheap ones i would suggest 1500 or 1600 watts psu's)
4x mobo
4x cpu
4x 4GB mem ( 8gb Better )
4x HDD ( SSD better faster )
24 x risers
4x open Frame
This would be closer to 9000$ ...
Im not sure about your electricity rate lets calculate first with 0,1$/KWh then 0.15/KWh and average 1000watts/rigs
BUT !!! Keep this in your mind :
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later , 6 months later or a year later !
Those calculators telling you about today , at that moment when you typing in your information ! as soon as the difficulty , ETH/usd exchange rate changing , those numbers are not valid anymore ...
Since you want to invest 8000 USD for Ethereum mining now in a time when mining is not as profitable as it used to be I am assuming your electricity in your country is cheap.
For me personally the best thing to do is to buy 4 rigs with 6xRX580 8GB cards with modified Bios. This is the best setup for you and you will have quite a good amount of profit in a month.
This is if you buy new rigs, if you buy used ones you can buy even more than 4 rigs.
For me personally the best thing to do is to buy 4 rigs with 6xRX580 8GB cards with modified Bios. This is the best setup for you and you will have quite a good amount of profit in a month.
This is if you buy new rigs, if you buy used ones you can buy even more than 4 rigs.
Electricity is key but you need to choose your hardware carefully too as it will define how much power you will need.
You'll see a lot of debate here around AMD vs Nvidia but from my experience Nvidia is the best in terms of power consumption.
For 200$ (or less) you get a GTX 1060 3Gb that can go up to 23-24MH/s and 75W power. The rest is simple math. Take other examples to compare. AMD has better hashrate but purchase price and power consumption is making those cards less profitable.
I have posted the hardware I chose here: https://bitcointalksearch.org/topic/2300-for-ethereum-mining-2289941
You'll see a lot of debate here around AMD vs Nvidia but from my experience Nvidia is the best in terms of power consumption.
For 200$ (or less) you get a GTX 1060 3Gb that can go up to 23-24MH/s and 75W power. The rest is simple math. Take other examples to compare. AMD has better hashrate but purchase price and power consumption is making those cards less profitable.
I have posted the hardware I chose here: https://bitcointalksearch.org/topic/2300-for-ethereum-mining-2289941
Hello everyone.
I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
If your electric rate is 0.07$/kwh, expect 15 months to ROI.
If your electric rate is 0.1$/kwh, never!
If your electric rate is 0.15$/kwh, electric and GPU companies are so appreciated your lost. Haha
how much time approx i can get back my capital.
Thanks
Thanks
There is my sticky topic for a questions like that :
READ HERE
Just in case if its difficult to click on it , Im going paste/copy for you for easy reading
:READ HERE
Just in case if its difficult to click on it , Im going paste/copy for you for easy reading
I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"
No one can tell you !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
No one can tell you !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
Hello everyone.
I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
you must at least know what is difficulty means in mining, The setup will also depend on your rig plans and locations, I suggest have a read in other threads about mining farm stories they had, from there you will get an idea on the best setup you will do. your profit for mining is not constant, it will always fluctuate due to difficulty and might not be as profitable today for the coming months.
for the 8000$ capital, choose what type of GPU's you want to build, an AMD or NVIDIA.
here is an example of online calculator just to give you an idea how much you will earn minus the cost.
http://whattomine.com/
Hello everyone.
I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
Enter 8000 usd for installation of mining rig, Extraordinary.I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
Ethereum is one of the most promising alternative cryptococcus. Ethereal can`t use ASIC cards to speed up its work but uses GPU / VGA. GPU used can be GPU from the lowest series to the highest series. The point is that the higher the GPU then the speed of mining is even greater. You can regain your capital quickly.
To mine a minimal Ethereal VGA that can be used has a 3 GB or 4GB VRAM, underneath it can not mine ethereum..
The bottom line is "The higher the GPU the higher the mining speed".
There are a few things that may help if you can supply.
The cost p/kwh for your electric?
And where are you going to be keeping it ? i.e is there a sufficient airflow etc?
Yup! I agree with you. The cost p/kwh for your electric?
And where are you going to be keeping it ? i.e is there a sufficient airflow etc?
There are a few things that may help if you can supply.
The cost p/kwh for your electric?
And where are you going to be keeping it ? i.e is there a sufficient airflow etc?
The cost p/kwh for your electric?
And where are you going to be keeping it ? i.e is there a sufficient airflow etc?
Hello everyone.
I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
I will put 8000 usd for the set up of mining rig and i wish to mine etherum..can any body suggest me the set up for the mining of the same. And will 8000 usd be sufficient enough and if i do so then in how much time approx i can get back my capital.
Thanks
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