Topic: Putting idle money to work... Free Electricity- What GPU Mining Rigs to build? (Read 824 times)
May 08, 2019, 03:00:54 AM
this is your big opportunity to get free electricity, and maybe to build a rig you need to consider some coin factors that you will mine. you can combine AMD and NVDIA for good mining, using old graphics and the latest
May 08, 2019, 02:41:48 AM
Instead of a single rig you can hedge your bets and build 2 different rigs and mine 2 different coins. A new speculative coin like veil, and an established one like monero
May 07, 2019, 09:31:15 PM
OP hasn't posted since the 22nd so I think we can all stop re-hashing this stupid fucking question. I love how these guys always have a $20k budget. I'd also like to know where OP is getting a 7% interest rate at, I will start putting my money there.
May 07, 2019, 01:26:30 PM
I would definitely go for nvidea, maybe 1080 ti, but would have to check the price vs profitabilty (since power is free)
In my oppinion AMD is not so flexible and usually harder to tune and more "sensible"
Mixing cards is the first step for problems, even with different cards placed on different rigs, it will not be easy to manage...
You need to keep things as simple as possible and have a few spare risers as these brake often...
good luck!
In my oppinion AMD is not so flexible and usually harder to tune and more "sensible"
Mixing cards is the first step for problems, even with different cards placed on different rigs, it will not be easy to manage...
You need to keep things as simple as possible and have a few spare risers as these brake often...
good luck!
May 04, 2019, 07:26:02 PM
If you have a free electricity profit is in your side 
Just choose the coin that you want to mine and and build the rig for that coin 
Commonly right, if you have a free electricity then you don't have to be bothered, only the maintenance of the equipment and he coins that you'll Just choose the coin that you want to mine and and build the rig for that coin going to mine will be the only thing that you needed to pick, and for me researching for a good coins and try your luck getting some from the pool
will help you earn decent profits.
May 04, 2019, 07:16:19 PM
Yeah, that's an awesome idea so why not. Anyways fortunately for you your covered in terms of electricity so i guess you don't have much to worry about, but with the advancements in mining power and related aspects, many are vying in for mining pools so as to get out of any headache associated with running a rig/farm/minifarm Additionally, you'll also be contributing to the wide usage of cryptos.
May 04, 2019, 12:50:19 PM
Yeah, I think so, better find a reliable way to make a profit rather than gambling it on a solo mine coins..
But the upside is higher if you mine a new "spec mining" coins isn't? weather it solo or pool
I think solo mining is very risky. It is much safer to use the services of pools. This increases the profitability of mining.But the upside is higher if you mine a new "spec mining" coins isn't? weather it solo or pool
Agree with you. Solo mining is really too risky, I will always recommand mining pools.
And of course, you need to choose a coin which is not so popular but has potencial in the future.
April 30, 2019, 08:03:10 AM
Yeah, I think so, better find a reliable way to make a profit rather than gambling it on a solo mine coins..
But the upside is higher if you mine a new "spec mining" coins isn't? weather it solo or pool
I think solo mining is very risky. It is much safer to use the services of pools. This increases the profitability of mining.But the upside is higher if you mine a new "spec mining" coins isn't? weather it solo or pool
April 27, 2019, 09:16:07 PM
If you have a free electricity profit is in your side Just choose the coin that you want to mine and and build the rig for that coin
Just choose the coin that you want to mine and and build the rig for that coin April 27, 2019, 07:49:46 AM
Yeah, I think so, better find a reliable way to make a profit rather than gambling it on a solo mine coins..
But the upside is higher if you mine a new "spec mining" coins isn't? weather it solo or pool
I think solo mining is very risky. It is much safer to use the services of pools. This increases the profitability of mining. But the upside is higher if you mine a new "spec mining" coins isn't? weather it solo or pool
April 26, 2019, 10:47:19 PM
If the power is free then you are going to make money, no questions asked really.
If you consider the hardware you have to buy in order to set up the mining operation, is that even true? I have not mined any coin in my life, but I've been doing some research about it and from all that I've seen the income you get from mining solo with cards and the like is minimal. Even with free electricity, you would have to recoup the cost of the mining equipment. Is that actually possible by doing what op is proposing?But if there is a choice to get profit in a liquid token or double profit in shitcoin I would choose liquidity.
That is actually an excellent point, but I would assume that a higher profit coin would also have enough liquidity in the market such that you could sell it easily. You certainly wouldn't want to mine a coin that isn't listed on exchanges and that no one is interested in.Best of luck to op if he tries this.
As I'm not really worried about the ROI that statement actually stands true.
I'm wanting to put the money to work that's it.
wont really be the only option but since you are pursuing it then its your choice. $20k is a good amount to start but put up on your mind that theres no guarantee
that you will not lose money here even if you do have free electricity.When it comes to cards i do prefer on 20XX but well there are 10XX cards which is more efficient
and do still have the same hashes with expensive ones.
April 26, 2019, 03:14:14 PM
Would be earning more in pool mining than solo.
Yeah, I think so, better find a reliable way to make a profit rather than gambling it on a solo mine coins..
But the upside is higher if you mine a new "spec mining" coins isn't? weather it solo or pool
April 25, 2019, 02:24:47 PM
Hey Mining Community,
Wanted to know your thoughts on Building a rig considering Free electricity.
Instead of keeping money in Banks, I want to put it in Mining so that I'd be getting some money monthly instead of money being in bank and paying me like 7% yearly interest.
A balanced approach of Nvidia and AMD would be best?
Say I have the budget ~$20k I can build a rigs something like this in my country 12 AMD RX 570 Cards + 12 AMD RX 580 Cards + 12 RTX 2060 Cards + 12 RTX 2070.
Your insights are appreciated.
Thanks!
Wanted to know your thoughts on Building a rig considering Free electricity.
Instead of keeping money in Banks, I want to put it in Mining so that I'd be getting some money monthly instead of money being in bank and paying me like 7% yearly interest.
A balanced approach of Nvidia and AMD would be best?
Say I have the budget ~$20k I can build a rigs something like this in my country 12 AMD RX 570 Cards + 12 AMD RX 580 Cards + 12 RTX 2060 Cards + 12 RTX 2070.
Your insights are appreciated.
Thanks!
I would build with the 2060 - it's the future and 20xx cards will see improvements with driver updates over time.
April 25, 2019, 02:15:04 PM
I personally go for less rigs with better GPUs.
Less Mainboards, CPUs, Ram etc to buy.
Less problems....
Less Mainboards, CPUs, Ram etc to buy.
Less problems....
April 25, 2019, 11:08:45 AM
You can build any mining rigs and it will be profitable for as long as you have free electricity. Even the oldest GTX750ti will work and will bring a positive profit in mining if the electricity is free
Yes, in this case it is possible to use any equipment, even used. Thanks to free power, you can find and buy the most suitable equipment after some time. This is a good competitive opportunity to mine liquid coins like ethereum. While this is possible.If free energy can end soon, then it is better to buy hardware with a maximum warranty period.
April 22, 2019, 10:06:49 PM
Agreed, I'm not much worried about the ROI.
Huh? But you should be worried about ROI. You do realize that until you reach ROI you are NOT actually making any money. You are not putting any money to work yet because all you did was spend your money. I'd suggest putting more thought into this. There are a lot of risks involved and you could end up losing money instead of "earning passive income."
Anyway, i'd suggest using 1080ti's or 1060s. NVIDIA is much easier to maintain and profit margins now are slightly better than AMD's.
April 22, 2019, 06:37:25 PM
The capital with you is good but it depend on the coins you want to mining, most of these mining rigs are selective and if you have access to cheap or used mining rig would be a good fit for you, most people closed their rig last year during the bear market and believe some are on sale at good prices now
April 22, 2019, 03:56:45 PM
Depends what you want to mine.
But the 1660TI is still the top option. And it's reasonable priced.
But the 1660TI is still the top option. And it's reasonable priced.
April 22, 2019, 03:52:34 PM
Hey Mining Community,
Wanted to know your thoughts on Building a rig considering Free electricity.
Instead of keeping money in Banks, I want to put it in Mining so that I'd be getting some money monthly instead of money being in bank and paying me like 7% yearly interest.
A balanced approach of Nvidia and AMD would be best?
Say I have the budget ~$20k I can build a rigs something like this in my country 12 AMD RX 570 Cards + 12 AMD RX 580 Cards + 12 RTX 2060 Cards + 12 RTX 2070.
Your insights are appreciated.
Thanks!
Wanted to know your thoughts on Building a rig considering Free electricity.
Instead of keeping money in Banks, I want to put it in Mining so that I'd be getting some money monthly instead of money being in bank and paying me like 7% yearly interest.
A balanced approach of Nvidia and AMD would be best?
Say I have the budget ~$20k I can build a rigs something like this in my country 12 AMD RX 570 Cards + 12 AMD RX 580 Cards + 12 RTX 2060 Cards + 12 RTX 2070.
Your insights are appreciated.
Thanks!
Like can you PM your bank's name. Looking to put 20k into a bank account to get a 7% annual return.
April 22, 2019, 02:36:56 PM
You can build any mining rigs and it will be profitable for as long as you have free electricity. Even the oldest GTX750ti will work and will bring a positive profit in mining if the electricity is free
RX 570s seems better than most
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