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
Topic: Putting idle money to work... Free Electricity- What GPU Mining Rigs to build? - page 2. (Read 824 times)
April 22, 2019, 01:34:55 PM
RX 570s seems better than most
April 22, 2019, 01:33:32 PM
I'm wondering if you just solo mine some coins like eth for a month, are you ended in a profit? I hear some guys a long time ago, solo mined bitcoin and got his block after 20++ days.. it's worth it though?
Would be earning more in pool mining than solo.
April 22, 2019, 11:13:47 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
April 22, 2019, 11:10:16 AM
I'm wondering if you just solo mine some coins like eth for a month, are you ended in a profit? I hear some guys a long time ago, solo mined bitcoin and got his block after 20++ days.. it's worth it though?
April 21, 2019, 02:54:19 AM
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.
With free power, you will make money with GPU mining, that is not a question. You will make less money as new hardware comes out but since you do not have a "sink" that cuts into your profitability you will make money (unless you somehow manage to burn the rig). If you know what to do and have some luck (that a good coin is launched after you buy teh rigs), you will ROI pretty fast.
April 21, 2019, 02:51:26 AM
Even with free electricity you will make more money form buying coins instead of buying minres. Don't fall for those marketing campaigns, buying gear is like the people that made money from the gold rush. Remember the minres didnt make the money it was the suppliers of equipment.
April 21, 2019, 02:18:48 AM
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.
April 21, 2019, 02:16:24 AM
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!
When it comes to Free electricity the Mining would really be 100% profitable no matter what coin you do mine yet there would be no expenses would be deducted
but considering on the amounts that you would earn into those Rigs on daily basis wont really able to reach out ROI for a short duration of time.
Just be sure that those free electricity of yours would last because Free doesnt really exist because someone has to pay for it.Lucky for you that you are just using it for free.
Agreed, I'm not much worried about the quick ROI.
Just want to put the idle money to work, and mining seems a bit less risky as I would be getting some income daily/weekly/monthly with out paying HUGE electricity bills.
April 21, 2019, 02:13:27 AM
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!
If the power is free then you are going to make money, no questions asked really. As for what cards to get, i wouldnt mix it up too much. Its better to have the same type of cards, makes managing way easier.
Generally speaking AMD seems to be preferred as it tends to perform better on more algos (while Nvidia is better at specific ones). I would look at the price and would ask around for OTC deals for miners who are exiting teh market
Thanks!
By having a mix of GPUs I meant, I will build one rig of one type and not one rig having mix of cards; Example
1 Rig of 570
1 Rig of 580
1 Rig of 2060 like this.
May be I want a little of both, Some stable income and also do spec mining.
My new rig will be the 580/570 mix for now. And later on may be 2 months down the line 1 rig with the 16xx series
April 21, 2019, 02:09:20 AM
Here you wont even get 1%, you can be lucky if you dont have to pay anything. But the more money you own, the more penalty interest you have to pay to the bank 
Long live the EU...
B2t: If you havent decided yet which board, go with the Asus B250 Mining Expert. Its very cheap and you can run more than 8 cards.
Long live the EU...B2t: If you havent decided yet which board, go with the Asus B250 Mining Expert. Its very cheap and you can run more than 8 cards.
Yes the MB with 19 slots, I have seen people running at least 13 GPUS without issues.
April 20, 2019, 10:24:18 PM
Quote
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.
Being able to mine new POW coins before they get listed is one of the major advantages of GPU mining. Just takes time to find & vet new projects.
April 20, 2019, 08:58:30 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.
April 20, 2019, 06:51:39 PM
With free electricity, and if you don't mind the heat or noise - go red team (AMD) and mine the jebus out of ethereum imo.
Rx series like 570 and 580 cards would be fine. Don't expect to get much resale though if you buy brand new and change your mind down the track.
Rx series like 570 and 580 cards would be fine. Don't expect to get much resale though if you buy brand new and change your mind down the track.
April 20, 2019, 03:53:37 PM
You can use amd cards like, rx470- rx480 rx570 rx 580 rx550, rx590 you can mine only ETH not solo, and not shit coins etc. because you have free electricity. dont waste your money with shitty expensice cards.
If you have free electricity, then the truth is where you can play. But if there is a choice to get profit in a liquid token or double profit in shitcoin I would choose liquidity.
April 20, 2019, 02:39:46 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!
When it comes to Free electricity the Mining would really be 100% profitable no matter what coin you do mine yet there would be no expenses would be deducted
but considering on the amounts that you would earn into those Rigs on daily basis wont really able to reach out ROI for a short duration of time.
Just be sure that those free electricity of yours would last because Free doesnt really exist because someone has to pay for it.Lucky for you that you are just using it for free.
April 20, 2019, 02:10:02 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!
If the power is free then you are going to make money, no questions asked really. As for what cards to get, i wouldnt mix it up too much. Its better to have the same type of cards, makes managing way easier.
Generally speaking AMD seems to be preferred as it tends to perform better on more algos (while Nvidia is better at specific ones). I would look at the price and would ask around for OTC deals for miners who are exiting teh market
Thanks!
By having a mix of GPUs I meant, I will build one rig of one type and not one rig having mix of cards; Example
1 Rig of 570
1 Rig of 580
1 Rig of 2060 like this.
I got that yeah. Well the real question will be what is your plan with the rigs. If you want a stable income, then one type of card is better (for example all 570s). But if you are interested in doing spec mining and going for some nice plays, then the nvidia/amd mix could work better. I personally have one rig with 1080s and one with 570s for spec mining as i never know what new coin comes out and what cards will perform better on it.
April 20, 2019, 11:10:40 AM
Quote
Ya I just got a good deal on 1.5 years old 4x MSI 580s 8 GB.
Will be looking out for more such deals.
And yes Indian banks(most of them); pay 7-8% interest, so basically in 14 years approx, you'll double your money.
I've been doing pretty much the same, mostly grabbing 470s when I find a Sapphire or XFX for 60 to 75 used. Planning to build a couple NVidia rigs after that...and will probably go with new 1660ti instead of used 1070. That will basically tap out all the power I want to use, then I'll start focusing on upgrading tech on the existing rigs.
7-8% doubles in 10.2-9 years. 5% doubles in 14. I need an Indian bank. If I want 8%, it's equities. Fixed & liquid is 1 to maybe 2.
April 20, 2019, 05:57:49 AM
The 1660 and 1660 Ti looks good as well. But at the cost of 1 1660 Ti I can get 2 RX 570s that's what is confusing me.
It looks nice. When i counted - it was a card with a best ROI from the new cards. But i`d preffer used 1070-1080ti. If you are high-skilled at hardware - it will be easy to work with them. By having a mix of GPUs I meant, I will build one rig of one type and not one rig having mix of cards; Example
1 Rig of 570
1 Rig of 580
1 Rig of 2060 like this.
570 and 580 are the same.1 Rig of 570
1 Rig of 580
1 Rig of 2060 like this.
If look only at new cards
1 rig - 1660ti, 1rig -2060, 1 rig - vega. It will be nice for start and various for different algos.
April 20, 2019, 03:24:39 AM
For me, it is still a good choice to buy is gtx 1080ti if you can still buy it at a cheaper rate but if not you can go buy with rtx 2060 don\t buy rtx 2070 which is expensive and the hashrate only has little improvement compared to rtx 2060 unless if you can buy 2070 with little price increase from RTX2060.
Use some calculator which card is profitable these from here https://whattomine.com/ and also check the price of each card if you can still buy lower cards like GTX 1080ti much better.
Use some calculator which card is profitable these from here https://whattomine.com/ and also check the price of each card if you can still buy lower cards like GTX 1080ti much better.
April 20, 2019, 03:08:28 AM
Here you wont even get 1%, you can be lucky if you dont have to pay anything. But the more money you own, the more penalty interest you have to pay to the bank Long live the EU...
B2t: If you havent decided yet which board, go with the Asus B250 Mining Expert. Its very cheap and you can run more than 8 cards.
Long live the EU...B2t: If you havent decided yet which board, go with the Asus B250 Mining Expert. Its very cheap and you can run more than 8 cards.
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