RVN GPU ROI Mining Analysis - (Updated) - page 3.

VoskCoin

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Quote from: WickedPigeon on May 18, 2019, 01:44:11 PM

I think I'm going to switch to Ebay average prices for the old 10 series.
The 1660's and the 2060's are still the best value. I think the 20 series is the safer bet for the long run, but who knows...

Do you have a reference for what you used as the "avg ebay price"

asriloni

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Quote from: mak013 on May 31, 2019, 09:43:01 AM

Quote from: WickedPigeon on May 31, 2019, 09:33:09 AM

My experience is limited to the GPU's I'm currently using; 6X1070's, 22X1070TI's, 2x2060 and 1x1660TI.
My 1660TI is on a rig with some 1070's. The 1660TI hashes in line with the 1070s, just more power efficient.
The 2060's hash better than the 1070TI's (like 24 to 21) but use the same power ~130 to ~140 Khw.

Personally, I plan to buy the 2060 and/or the 1660. I like the 2060, right now it is my top choice. I think that as updates come down the road, be it from NVIDIA or coin forks, the 2060 will be more likely to handle/improve with the changes. Just my feelings. But, I do like the capital outlay (cheap price) on the 1660. I'm itching to try one and see how it compares to the 1660TI.

I have the same opinion. The only flaw is 6GB memory, 8GB would be better as for me. I think that 2060 as an ideal card, but 1660 is 2 times cheaper. It depends on free money. Now i plan to change my 1063 to 1660/2060 and after summer to get 1-2 new rigs.

I just feel curious and I wanna buy some new GPUs to mine altcoin and i have watched this one and just checked amazon and is that true if there was no a lot of gap in price between 2060 and 1070 Ti? Wanna get some 2060 if this is for real.

mak013

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Quote from: WickedPigeon on May 31, 2019, 09:33:09 AM

My experience is limited to the GPU's I'm currently using; 6X1070's, 22X1070TI's, 2x2060 and 1x1660TI.
My 1660TI is on a rig with some 1070's. The 1660TI hashes in line with the 1070s, just more power efficient.
The 2060's hash better than the 1070TI's (like 24 to 21) but use the same power ~130 to ~140 Khw.

Personally, I plan to buy the 2060 and/or the 1660. I like the 2060, right now it is my top choice. I think that as updates come down the road, be it from NVIDIA or coin forks, the 2060 will be more likely to handle/improve with the changes. Just my feelings. But, I do like the capital outlay (cheap price) on the 1660. I'm itching to try one and see how it compares to the 1660TI.

I have the same opinion. The only flaw is 6GB memory, 8GB would be better as for me. I think that 2060 as an ideal card, but 1660 is 2 times cheaper. It depends on free money. Now i plan to change my 1063 to 1660/2060 and after summer to get 1-2 new rigs.

WickedPigeon

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Quote from: mak013 on May 31, 2019, 02:41:03 AM

Thx for your work.
Im really surprised that only used 1070 can compete with 1660 and 2060. And looks like that 1660ti would be interesting only in algos in which GDDR6 is great. Nowadays it useless for it price and if compare it with 1660.

My experience is limited to the GPU's I'm currently using; 6X1070's, 22X1070TI's, 2x2060 and 1x1660TI.
My 1660TI is on a rig with some 1070's. The 1660TI hashes in line with the 1070s, just more power efficient.
The 2060's hash better than the 1070TI's (like 24 to 21) but uses the same power ~130 to ~140 Khw.

Personally, I plan to buy the 2060 and/or the 1660. I like the 2060, right now it is my top choice. I think that as updates come down the road, be it from NVIDIA or coin forks, the 2060 will be more likely to handle/improve with the changes. Just my feelings. But, I do like the capital outlay (cheap price) on the 1660. I'm itching to try one and see how it compares to the 1660TI.

mak013

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Quote from: WickedPigeon on May 30, 2019, 10:59:09 AM

What can I say except, "Man the picks, mine away".... (If you believe in this rally).

The current trends have been improving, and if it continues (big if), I would NOT be surprised to see new GPU purchasing start to get tight again. Over the past 6 months, GPU's have been available everywhere, and you could find some very good sales. If Coin prices continue on this rally, then new GPU purchases will take off again and finding deals will become difficult. That's all speculative on my part, but the markets are giving me a vibe. Time will tell...

My analysis has a new update to it. The old 10X series are difficult to find new, and when you do find them, they are priced at a premium. So I switched to the "Used" price. I've eyeballed the "Used" price from EBay and Craigslist (in Chicago). You can (and should) always work to find the best deal ~ better than the price listed on PCPartpicker.com or the average EBay price. My prices are just a benchmark based on my experience - avoid paying sales tax and shipping when possible. Every little bit helps.

Thx for your work.
Im really surprised that only used 1070 can compete with 1660 and 2060. And looks like that 1660ti would be interesting only in algos in which GDDR6 is great. Nowadays it useless for it price and if compare it with 1660.

WickedPigeon

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What can I say except, "Man the picks, mine away".... (If you believe in this rally).

The current trends have been improving, and if it continues (big if), I would NOT be surprised to see new GPU purchasing start to get tight again. Over the past 6 months, GPU's have been available everywhere, and you could find some very good sales. If Coin prices continue on this rally, then new GPU purchases will take off again and finding deals will become difficult. That's all speculative on my part, but the markets are giving me a vibe. Time will tell...

My analysis has a new update to it. The old 10X series are difficult to find new, and when you do find them, they are priced at a premium. So I switched to the "Used" price. I've eyeballed the "Used" price from EBay and Craigslist (in Chicago). You can (and should) always work to find the best deal ~ better than the price listed on PCPartpicker.com or the average EBay price. My prices are just a benchmark based on my experience - avoid paying sales tax and shipping when possible. Every little bit helps.

mannybitcoins

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Quite an interesting topic to discuss, especially for a person like Me. how much will the average value of production differ from the median value for mining RVN, if you do this throughout the year?

JeffBrad12

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Quote from: melpheos on May 22, 2019, 07:12:39 AM

Quote from: EdvinZ on May 22, 2019, 12:12:31 AM

Mining is profitable if the cost of your electricity does not exceed 3 cents, if the cost is 8 cents, then the mining loses its meaning. Also, if you want the ROI to be reduced by 2 times, you need to buy a used video cards. In this case, you will quickly recoup equipment costs and with cheap electricity you will quickly be able to reach the net profit.

My electricity cost is .16cents and my revenue (electricity cost included) is 9$ currently... (total revenue 18$)
Sure it would be better with 3 cents but it's still profitable

are you interested to move your mining rig to the egypt? that cost looks possible. Grin

My electricity cost was around $0.1 but i don't care so much about that as long as what i got from my mining rig can cover anything and i don't need to put more money to cover the loses.
But it's very long to get my ROI back again. Cry

mak013

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Quote from: GKumaran on May 23, 2019, 09:48:19 AM

Nice charts, can you post screens for the same data with a Hash per watt comparision?
Or, a google sheets link so we can view it?

I think it can be fully new spreadsheet. Here there is data that helps you to make choice what GPU to buy. It will be a lot of unnecessary information. Or it can be another spreadshit, calculating profit.

GKumaran

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Nice charts, can you post screens for the same data with a Hash per watt comparision?
Or, a google sheets link so we can view it?

shaheer001

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Very good comparison and analysis mate! need some extra time and hard work to compare such type of good work,no doubt RVN is one of the top coins on Whattomine, making it easy to benchmark.This will be more useful for RVN lovers.

TheHas

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Quote from: EdvinZ on May 22, 2019, 12:12:31 AM

Mining is profitable if the cost of your electricity does not exceed 3 cents, if the cost is 8 cents, then the mining loses its meaning. Also, if you want the ROI to be reduced by 2 times, you need to buy a used video cards. In this case, you will quickly recoup equipment costs and with cheap electricity you will quickly be able to reach the net profit.

At todays slightly rebounded prices, you can still mine profitably at around 15 cents per kwh.

Obviously the cheaper the better. But it definitely doesn't need to be quite that low to still be worthwhile. However, I wouldn't be going out buying a rig at that price.

Lucasgabd

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There's no need to be upset

Quote from: EdvinZ on May 22, 2019, 12:12:31 AM

Mining is profitable if the cost of your electricity does not exceed 3 cents, if the cost is 8 cents, then the mining loses its meaning. Also, if you want the ROI to be reduced by 2 times, you need to buy a used video cards. In this case, you will quickly recoup equipment costs and with cheap electricity you will quickly be able to reach the net profit.

wow. so kinda impossible to mine in Brazil. I've heard the cost here is in the range .2-.3 usd
10 times more expensive.

of course you may find cheaper electricity close to Paraguay or in the south of the country.

melpheos

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Quote from: EdvinZ on May 22, 2019, 12:12:31 AM

Mining is profitable if the cost of your electricity does not exceed 3 cents, if the cost is 8 cents, then the mining loses its meaning. Also, if you want the ROI to be reduced by 2 times, you need to buy a used video cards. In this case, you will quickly recoup equipment costs and with cheap electricity you will quickly be able to reach the net profit.

My electricity cost is .16cents and my revenue (electricity cost included) is 9$ currently... (total revenue 18$)
Sure it would be better with 3 cents but it's still profitable

EdvinZ

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Mining is profitable if the cost of your electricity does not exceed 3 cents, if the cost is 8 cents, then the mining loses its meaning. Also, if you want the ROI to be reduced by 2 times, you need to buy a used video cards. In this case, you will quickly recoup equipment costs and with cheap electricity you will quickly be able to reach the net profit.

mak013

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Quote from: WickedPigeon on May 21, 2019, 10:25:29 AM

There is a lot of confusion about mining and what drives ROI for miners. As I see it, a miner needs to pay attention to all of the factors/drivers to stay profitable.
Some of the factors/drivers I pay attention to are:

Price of equipment;
Kwh costs;
Current daily earning, net of Kwh costs;
Current coin prices
Future coin prices

I don't see as electricity costs as the biggest problem - $/Kwh is a known cost and can be calculated into a mining decision. But I'm in the U.S. and have OK Kwh costs (sub .10 Kwh).
Depending on how you operate your mining, cash mining or spec mining, I see the biggest factor as the future coin prices, at least for me. I am a 33/33/33 miner, which means that one third of my monthly mining goes to cash (pays for Kwh and new equipment), a third goes to BTC, and a third stays in RVN. So the future price movements of BTC and RVN are very important to me and seem to have the most volatility. When BTC went from $4k to $8K, my past mining doubled in value. Same for when RVN jumped from .02 to .06. The biggest impact on my ROI is coin price changes. It's volatile, risky and requires attention all the time.

But that's me... Everyone has different drivers, crypto beliefs, goals and discipline.

Surely. I marked the main idea that i wanted to say. And for starting miner(as for me) the main goal is to get his spent money back. You choice is more profitable by time but long to pay out equipment(of course BTC can pump but its not 100%).

WickedPigeon

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Quote from: mak013 on May 21, 2019, 03:49:51 AM

The main problem is to buy equipment. When you are mining - your electricy bills are covered from mining profit and to buy equipment at start you have to spent your money but not a profit.
Now i can buy about 2-3 2060 per month from profit but its too expensive for me(at my research).

There is a lot of confusion about mining and what drives ROI for miners. As I see it, a miner needs to pay attention to all of the factors/drivers to stay profitable.
Some of the factors/drivers I pay attention to are:

Price of equipment;
Kwh costs;
Current daily earning, net of Kwh costs;
Current coin prices
Future coin prices

I don't see as electricity costs as the biggest problem - $/Kwh is a known cost and can be calculated into a mining decision. But I'm in the U.S. and have OK Kwh costs (sub .10 Kwh).
Depending on how you operate your mining, cash mining or spec mining, I see the biggest factor as the future coin prices, at least for me. I am a 33/33/33 miner, which means that one third of my monthly mining goes to cash (pays for Kwh and new equipment), a third goes to BTC, and a third stays in RVN. So the future price movements of BTC and RVN are very important to me and seem to have the most volatility. When BTC went from $4k to $8K, my past mining doubled in value. Same for when RVN jumped from .02 to .06. The biggest impact on my ROI is coin price changes. It's volatile, risky and requires attention all the time.

But that's me... Everyone has different drivers, crypto beliefs, goals and discipline.

mak013

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Quote from: Dennicex on May 20, 2019, 07:59:42 AM

Quote from: superstarbtc on May 20, 2019, 02:26:18 AM

Do you know how much is the cost of the 1660ti miner but most of the cases electricity is the most consuming factor in our resources so we shouldn't make much profit? In our country, they will charge higher amounts for electricity and if we don't make any profit it is completely useless buying the miner.

Electricity costs are the main item of expenditure when mining. We need to look for options with preferential connection. I know people who use various semi-legal ways to reduce the cost of electricity. But it is already fraught with consequences.

The main problem is to buy equipment. When you are mining - your electricy bills are covered from mining profit and to buy equipment at start you have to spent your money but not a profit.
Now i can buy about 2-3 2060 per month from profit but its too expensive for me(at my research).

Chicky213

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Quote from: Dennicex on May 20, 2019, 07:59:42 AM

Quote from: superstarbtc on May 20, 2019, 02:26:18 AM

Do you know how much is the cost of the 1660ti miner but most of the cases electricity is the most consuming factor in our resources so we shouldn't make much profit? In our country, they will charge higher amounts for electricity and if we don't make any profit it is completely useless buying the miner.

Electricity costs are the main item of expenditure when mining. We need to look for options with preferential connection. I know people who use various semi-legal ways to reduce the cost of electricity. But it is already fraught with consequences.

Electricity is a major set back in mining. Those ways of reducing electricity are kinda illegal and could attract some punishment. Wish there are ways to avoid such high electricity usage.

Dennicex

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Quote from: superstarbtc on May 20, 2019, 02:26:18 AM

Do you know how much is the cost of the 1660ti miner but most of the cases electricity is the most consuming factor in our resources so we shouldn't make much profit? In our country, they will charge higher amounts for electricity and if we don't make any profit it is completely useless buying the miner.

Electricity costs are the main item of expenditure when mining. We need to look for options with preferential connection. I know people who use various semi-legal ways to reduce the cost of electricity. But it is already fraught with consequences.

Topic: RVN GPU ROI Mining Analysis - (Updated) - page 3. (Read 3547 times)