Shall I invest on GPU for ethereum Mining?[Honest Suggestions Needed]

coinsmafia

newbie

Activity: 26

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Quote from: Tmdz on March 22, 2016, 12:57:53 AM

That all depends how much the hosting will be and the expense of 2 rigs with all the hardware, there's a few ways to go about it but it could be more expensive then you expect. You need 2 complete rigs that is 10 gpu's, power supplys, mainboards, ram, cpu's, hdd's, pci-e extenders, mounting equipment to place the hardware. Each rig is a complete computer with a bunch of gpu's attached to it like an octopus of wires n' cables Cheesy

Atleast you could forgo the computer case with an open air design and mount stuff on wood.

Hope its a good friend being the amount of work involved in the setup, other wise you could get scammed easily if you just hand money over to some guy to set it up in his basement.

Yeah,may be price for rig is gonna get little higher than I am expecting and

yes its a trustworthy guy and a techie as well,thinking of using teamviewer to get updated about the system

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: adaseb on March 22, 2016, 01:23:39 AM

GPU mining is not like Bitcoin ASIC mining.

They tend to crash alot and you need to manually reboot them. Having a remote setup is very difficult to run efficiently.

i've experience no crash when contorlling with team viewer, you only need to keep the temp not too high, below 80 would be good

adaseb

legendary

Activity: 3808

Merit: 1723

GPU mining is not like Bitcoin ASIC mining.

They tend to crash alot and you need to manually reboot them. Having a remote setup is very difficult to run efficiently.

Tmdz

hero member

Activity: 1008

Merit: 1000

That all depends how much the hosting will be and the expense of 2 rigs with all the hardware, there's a few ways to go about it but it could be more expensive then you expect. You need 2 complete rigs that is 10 gpu's, power supplys, mainboards, ram, cpu's, hdd's, pci-e extenders, mounting equipment to place the hardware. Each rig is a complete computer with a bunch of gpu's attached to it like an octopus of wires n' cables Cheesy

Atleast you could forgo the computer case with an open air design and mount stuff on wood.

Hope its a good friend being the amount of work involved in the setup, other wise you could get scammed easily if you just hand money over to some guy to set it up in his basement.

coinsmafia

newbie

Activity: 26

Merit: 0

Quote from: Eliovp on March 21, 2016, 01:22:30 AM

Quote from: swagkiller69 on March 20, 2016, 06:33:23 PM

Quote from: Eliovp on March 20, 2016, 05:24:10 PM

Quote from: ashkanb on March 20, 2016, 04:41:27 PM

http://imgur.com/Qto8goE
image from Mining Hardware Comparison
curious; that much difference between windows 7/8 and 10?!

Check the clocks...

+ it's users input, they can basically input whatever they want. I do however check it but i seem to overlook things sometimes..

In this case it seems to be alright i guess..

As far as I was aware Windows 10 caused more issues and slowed things down more? Or maybe I'm mistaken.
The values there are entered by users so we can't take them for gospel. The dev needs to add a rating or something so we know which values are trustworthy

I am the dev :p

I can implement a rating yes.

There is already an option to leave a comment on each card/config.

Again, check the clocks. The windows 7 input has stock clocks. The Windows 10 input has a strong OC (higher core clocks).

Also, i'm running windows 10, tried on 7 and 8.1 as well, windows 10 came out best for me.

Greetings

I am trying to run the mining hardware remotely having someone set it up for me in their place,cause in my place electricity charges are costly and not available 24 hours a day,and buying and getting the Gpu shipped here is gonna cost even more.So investing $2k on hardware say 10xR7 370,motherboard and stuffs and if the price does not fall drastically low I am gonna get the full ROI in around 3 months?

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: Eliovp on March 20, 2016, 02:33:06 PM

If the profitability goes down to a point where you're losing money there's still the option of selling the cards.

Most people here seem to forget that..

yes in fact you need only to roi on the difference between the price at which you sell the card and the one that you bought at, this is nothing easy to do, real roi time is two weeks or less

Eliovp

legendary

Activity: 1050

Merit: 1294

Huh?

Quote from: swagkiller69 on March 20, 2016, 06:33:23 PM

Quote from: Eliovp on March 20, 2016, 05:24:10 PM

Quote from: ashkanb on March 20, 2016, 04:41:27 PM

http://imgur.com/Qto8goE
image from Mining Hardware Comparison
curious; that much difference between windows 7/8 and 10?!

Check the clocks...

+ it's users input, they can basically input whatever they want. I do however check it but i seem to overlook things sometimes..

In this case it seems to be alright i guess..

As far as I was aware Windows 10 caused more issues and slowed things down more? Or maybe I'm mistaken.
The values there are entered by users so we can't take them for gospel. The dev needs to add a rating or something so we know which values are trustworthy

I am the dev :p

I can implement a rating yes.

There is already an option to leave a comment on each card/config.

Again, check the clocks. The windows 7 input has stock clocks. The Windows 10 input has a strong OC (higher core clocks).

Also, i'm running windows 10, tried on 7 and 8.1 as well, windows 10 came out best for me.

Greetings

swagkiller69

newbie

Activity: 33

Merit: 0

Quote from: Eliovp on March 20, 2016, 05:24:10 PM

Quote from: ashkanb on March 20, 2016, 04:41:27 PM

http://imgur.com/Qto8goE
image from Mining Hardware Comparison
curious; that much difference between windows 7/8 and 10?!

Check the clocks...

+ it's users input, they can basically input whatever they want. I do however check it but i seem to overlook things sometimes..

In this case it seems to be alright i guess..

As far as I was aware Windows 10 caused more issues and slowed things down more? Or maybe I'm mistaken.
The values there are entered by users so we can't take them for gospel. The dev needs to add a rating or something so we know which values are trustworthy

Eliovp

legendary

Activity: 1050

Merit: 1294

Huh?

Quote from: ashkanb on March 20, 2016, 04:41:27 PM

http://imgur.com/Qto8goE
image from Mining Hardware Comparison
curious; that much difference between windows 7/8 and 10?!

Check the clocks...

+ it's users input, they can basically input whatever they want. I do however check it but i seem to overlook things sometimes..

In this case it seems to be alright i guess..

ashkanb

full member

Activity: 222

Merit: 100

http://imgur.com/Qto8goE
image from Mining Hardware Comparison
curious; that much difference between windows 7/8 and 10?!

Quote

Each one will make you $3.50 a day. Power consumption from the wall is around 110Watts per GPU with a high efficiency PSU.

79.2KW per month running 24hours; where i come from i have to pay less than 4$s for that! omg!!!!

Quote

I have made up my mind to buy 5xAmd R7 370

neat choice!

Quote

will I be able to bring back my investment mining the ethereum only or not?

why do you have to mine ethereum "only"?

Quote

there's still the option of selling the cards.

good point

image from Mining Hardware Comparison

Eliovp

legendary

Activity: 1050

Merit: 1294

Huh?

If the profitability goes down to a point where you're losing money there's still the option of selling the cards.

Most people here seem to forget that..

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: coinsmafia on March 20, 2016, 08:26:33 AM

Quote from: Vaccomondus on March 20, 2016, 08:00:00 AM

Quote from: coinsmafia on March 20, 2016, 06:08:36 AM

Quote from: adaseb on March 20, 2016, 02:20:54 AM

Each one will make you $3.50 a day. Power consumption from the wall is around 110Watts per GPU with a high efficiency PSU.

Nobody knows how much longer ETH mining will be profitable, invest only what you are prepared to lose.

I will be making $3.50 each including or excluding the power consumption charge?
And yeah I decided to invest on rig so,while ethereum is profitable I will mine and move on to other Alts/Algos when no longer profitable

excluding, but if it is 2.5 net of profit per card, per day, this is still 15 a day = 450 a month, not bad with a single rig, without doing nothing lol

Yeah,but the question is will I be able to bring back my investment mining the ethereum only or not?

Nobody knows. You might or you might not. There are no guarantees. This business is VERY VERY competitive and keep in mind that when ETH stops being profitable so will the other alts/algos since everybody will start mining those.

Before ETH came out, the R7 370 would only make like $0.25 mining X11 before electricity charges. So basically if you pay $0.10/KWH for electricity you wouldn't make anything.

Vaccomondus

full member

Activity: 224

Merit: 100

Quote from: coinsmafia on March 20, 2016, 08:26:33 AM

Quote from: Vaccomondus on March 20, 2016, 08:00:00 AM

Quote from: coinsmafia on March 20, 2016, 06:08:36 AM

Quote from: adaseb on March 20, 2016, 02:20:54 AM

Each one will make you $3.50 a day. Power consumption from the wall is around 110Watts per GPU with a high efficiency PSU.

Nobody knows how much longer ETH mining will be profitable, invest only what you are prepared to lose.

I will be making $3.50 each including or excluding the power consumption charge?
And yeah I decided to invest on rig so,while ethereum is profitable I will mine and move on to other Alts/Algos when no longer profitable

excluding, but if it is 2.5 net of profit per card, per day, this is still 15 a day = 450 a month, not bad with a single rig, without doing nothing lol

Yeah,but the question is will I be able to bring back my investment mining the ethereum only or not?

3 months roi for now

coinsmafia

newbie

Activity: 26

Merit: 0

Quote from: Vaccomondus on March 20, 2016, 08:00:00 AM

Quote from: coinsmafia on March 20, 2016, 06:08:36 AM

Quote from: adaseb on March 20, 2016, 02:20:54 AM

Each one will make you $3.50 a day. Power consumption from the wall is around 110Watts per GPU with a high efficiency PSU.

Nobody knows how much longer ETH mining will be profitable, invest only what you are prepared to lose.

I will be making $3.50 each including or excluding the power consumption charge?
And yeah I decided to invest on rig so,while ethereum is profitable I will mine and move on to other Alts/Algos when no longer profitable

excluding, but if it is 2.5 net of profit per card, per day, this is still 15 a day = 450 a month, not bad with a single rig, without doing nothing lol

Yeah,but the question is will I be able to bring back my investment mining the ethereum only or not?

Vaccomondus

full member

Activity: 224

Merit: 100

Quote from: coinsmafia on March 20, 2016, 06:08:36 AM

Quote from: adaseb on March 20, 2016, 02:20:54 AM

Each one will make you $3.50 a day. Power consumption from the wall is around 110Watts per GPU with a high efficiency PSU.

Nobody knows how much longer ETH mining will be profitable, invest only what you are prepared to lose.

I will be making $3.50 each including or excluding the power consumption charge?
And yeah I decided to invest on rig so,while ethereum is profitable I will mine and move on to other Alts/Algos when no longer profitable

excluding, but if it is 2.5 net of profit per card, per day, this is still 15 a day = 450 a month, not bad with a single rig, without doing nothing lol

coinsmafia

newbie

Activity: 26

Merit: 0

Quote from: adaseb on March 20, 2016, 02:20:54 AM

Each one will make you $3.50 a day. Power consumption from the wall is around 110Watts per GPU with a high efficiency PSU.

Nobody knows how much longer ETH mining will be profitable, invest only what you are prepared to lose.

I will be making $3.50 each including or excluding the power consumption charge?
And yeah I decided to invest on rig so,while ethereum is profitable I will mine and move on to other Alts/Algos when no longer profitable

sirslayer

hero member

Activity: 540

Merit: 501

chickens and cryptos

Ayers

I agree, Invest in a rig is better some ways then buying ASIC. You can do almost all types of algo's for most coins while an ASIC is limited to 1 algo.. ETH also can only be done with a GPU and when ETH is no longer profitable you can re-program your rig for another algo/coins and in time you will have learned how to do different algo's and just be mining all types of coins.. This is exciting times for GPU cards!!

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

invest in your rig yes, don't invest for ethereum, what i mean is that the altcoin scene will always be profitable, no matter if ethereum will die or not, in the case it will die, we will be witness of another great coin after a dead time frame with no profit, all i know is that i will never get rid of my rig again, after i've missed the ethereum mining train

adaseb

legendary

Activity: 3808

Merit: 1723

Each one will make you $3.50 a day. Power consumption from the wall is around 110Watts per GPU with a high efficiency PSU.

Nobody knows how much longer ETH mining will be profitable, invest only what you are prepared to lose.

coinsmafia

newbie

Activity: 26

Merit: 0

I have made up my mind to buy 5xAmd R7 370

http://www.amazon.com/MSI-R7-370-GAMING-4G/dp/B00ZGF11YS

How efficient are those cards and how much MH/S would I be getting?

How much Watts of electricity would I be consuming in total?
Running these 24 hours what will be the ROI period in actual

I need Honest suggestions from some Experienced people.

Topic: Shall I invest on GPU for ethereum Mining?[Honest Suggestions Needed] (Read 1652 times)