Yup Bro, you should definitely go for GPU Mining.
It is much more profitable than cludmining
And if you can pay off your electricity bills, the rest is profit!
Topic: Should I invest in GPU mining? - page 5. (Read 6638 times)
Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own
yeah it work, just decide if amd or nvidia
I posted the links to the ones I would get, is it cool?
Also, is SSD a neccesity?
I have a 500 GB 3.0 portable hard, do I need to buy an SSD?
Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own
yeah it work, just decide if amd or nvidia, all the other stuff are pretty easy to get and asseble, cpu ssd motherboard, maybe wait for the new asrock one? ssd cheap one or m2 depend on motherboard, riser usb or standard, with 1070 i have non powered risers,a dn they work good
Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own
What's the difference between hx and ax 1200w?
I was thinking of getting something like this
http://www.ebay.com/itm/Corsair-HX1200iProfessional-Platinum-Series-1200-W-ATX-Fully-Modular-PSU-/391806714237?hash=item5b3980017d:g:dGEAAOSwn-tZNc~H
Motherboard
http://www.ebay.com/itm/90676830-ASROCK-H81-PRO-BTC-R2-0-BITCOIN-SOCKEL-1150-ATX-/162488880055?hash=item25d5178bb7:g:D48AAOSw3ZRY~gMa
CPU
http://www.ebay.com/itm/B0306883-CPU-INTEL-CELERON-DUAL-CORE-G1840-PC1150-2MB-CACHE-2-8GHZ-BX80646G1840-/172662807046?hash=item2833815a06:g:7LMAAOSwq1JZDbY6
GPU
http://www.ebay.com/itm/Sapphire-RX-470-4G-NI-OC-RADEON-RX-470-4G-GDDR5-NITRO-OC-/232336483386?hash=item361855643a:g:WYkAAOSwi7RZGa-n
x4 simmilar prices
http://www.ebay.com/itm/Asus-GeForce-GTX-1070-Turbo-Graphics-Card-8GB-GDDR5-DVI-D-HDMI-DP-/282510723638?hash=item41c6f38a36:g:ylYAAOSw2xRYgiU0#viTabs_0
x2 probably
And
https://www.ebay.co.uk/p/PCI-e-Express-1x-to-16x-Riser-Card-USB-Cable-Adapter-Extender-for-Mining-Bitcoin/1625137701
x10
That would be all I need?
Total would be around 2500$
I was thinking of getting something like this
http://www.ebay.com/itm/Corsair-HX1200iProfessional-Platinum-Series-1200-W-ATX-Fully-Modular-PSU-/391806714237?hash=item5b3980017d:g:dGEAAOSwn-tZNc~H
Motherboard
http://www.ebay.com/itm/90676830-ASROCK-H81-PRO-BTC-R2-0-BITCOIN-SOCKEL-1150-ATX-/162488880055?hash=item25d5178bb7:g:D48AAOSw3ZRY~gMa
CPU
http://www.ebay.com/itm/B0306883-CPU-INTEL-CELERON-DUAL-CORE-G1840-PC1150-2MB-CACHE-2-8GHZ-BX80646G1840-/172662807046?hash=item2833815a06:g:7LMAAOSwq1JZDbY6
GPU
http://www.ebay.com/itm/Sapphire-RX-470-4G-NI-OC-RADEON-RX-470-4G-GDDR5-NITRO-OC-/232336483386?hash=item361855643a:g:WYkAAOSwi7RZGa-n
x4 simmilar prices
http://www.ebay.com/itm/Asus-GeForce-GTX-1070-Turbo-Graphics-Card-8GB-GDDR5-DVI-D-HDMI-DP-/282510723638?hash=item41c6f38a36:g:ylYAAOSw2xRYgiU0#viTabs_0
x2 probably
And
https://www.ebay.co.uk/p/PCI-e-Express-1x-to-16x-Riser-Card-USB-Cable-Adapter-Extender-for-Mining-Bitcoin/1625137701
x10
That would be all I need?
Total would be around 2500$
It's a hobby with POSSIBLE financial gains. If you're ok looking at it like that and you enjoy tinkering and tweaking it's fun. If you just want to make BTC then you're better off buying in and trading. The same way the cards have resale value, odds are purchased coins won't hit zero worth, so both have a safety net built in.
Do you have room for additional stress in your life?
It's killin' me. Lol.
It's killin' me. Lol.
I'm willing to handle it
I think a GPU rig is a pretty low risk proposition ATM considering you can pay the whole thing off in 2-3 months. After that it's all profit after you pay the electric bill and you still have the hardware that can be resold or repurposed. What you could possibly go wrong with that? 
These are exactly the responses I wanted to hear
I'm definitely buying this shiet right now huehue
There are no guarantees of profit and there are certainly risks. The biggest one IMHO is ethereum's pending change to POS. Supposed to happen by November this year. The result will be all those currently mining eth will have to start mining other coins instead, resulting in a massive influx of hashing power, leading to a corresponding increase in difficulty. For sure, profitability will decrease, possibly to the point where only those with the cheapest electricity can make any profit at all.
Right now it's insanely profitable. But don't expect it to last.
Right now it's insanely profitable. But don't expect it to last.
Still though, if break even is after 3 months
Selling the parts is always an option for further profit
Mining at the moment does have a good profitability compared to before the price increase of btc.
i use this site to see whats the best at the moment http://whattomine.com/coins
i use this site to see whats the best at the moment http://whattomine.com/coins
the market spread allows most coins to be mined for a decent profit, new coins coming through as well. i see a decrease potentially but not massively.
There are no guarantees of profit and there are certainly risks. The biggest one IMHO is ethereum's pending change to POS. Supposed to happen by November this year. The result will be all those currently mining eth will have to start mining other coins instead, resulting in a massive influx of hashing power, leading to a corresponding increase in difficulty. For sure, profitability will decrease, possibly to the point where only those with the cheapest electricity can make any profit at all.
Right now it's insanely profitable. But don't expect it to last.
Right now it's insanely profitable. But don't expect it to last.
Been there and done that. Back towards the end of 2014 ASIC's started taking over Scrypt and X11. With difficulty increasing, $650 BTC and dropping, mining was a losing proposition and I took a break. Now I wish I had stuck it though. The good thing is I held on to most of the coins I mined and I'm glad I did.
There are no guarantees of profit and there are certainly risks. The biggest one IMHO is ethereum's pending change to POS. Supposed to happen by November this year. The result will be all those currently mining eth will have to start mining other coins instead, resulting in a massive influx of hashing power, leading to a corresponding increase in difficulty. For sure, profitability will decrease, possibly to the point where only those with the cheapest electricity can make any profit at all.
Right now it's insanely profitable. But don't expect it to last.
Right now it's insanely profitable. But don't expect it to last.
it cost me more in the uk and i used gtx 1070 to save power costs. cost me about 3000 usd in total plus electricity. generates about 15-20 usd a day after costs.
i personally would buy btc and hold or any other strong coin. it is a gamble, mine a low value coin hoping it goes up, or mine a profitable coin that gives money straight away. predicting a coin value, difficulty, and profit is interesting.
i enjoy mining learnt a lot, you do have something to show if the market disappeared overnight.
saying that i am hoping to aim for 6 or 7 gtx1070 in a few months, i have 4 already.
i personally would buy btc and hold or any other strong coin. it is a gamble, mine a low value coin hoping it goes up, or mine a profitable coin that gives money straight away. predicting a coin value, difficulty, and profit is interesting.
i enjoy mining learnt a lot, you do have something to show if the market disappeared overnight.
saying that i am hoping to aim for 6 or 7 gtx1070 in a few months, i have 4 already.
If you can find the cards to mine with. Everything is out of stock globally. When cards do come for sale, it's usually for a premium. That will increase your costs and the payback time.
I think a GPU rig is a pretty low risk proposition ATM considering you can pay the whole thing off in 2-3 months. After that it's all profit after you pay the electric bill and you still have the hardware that can be resold or repurposed. What you could possibly go wrong with that?
Do you have room for additional stress in your life?
It's killin' me. Lol.
It's killin' me. Lol.
Hey guys
I'v been here for a long time
But most mining I did was cloud based and from my laptop/PC
So, I'm really not experienced in the field.
I'm considering investing into GPU mining
I'm reading this
http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/
Building such a rig would cost around 2500$ if I'm right?
Also, setting up different GPUs shouldn't affect performance?
As I see, mining ETH with that sort of rig would bring around 1000$/month
Making a break even after 3 months
What's my biggest motivator is that, even if ETH goes down, there's always other profitable coins to mine with the setup, right?
I just want some tips to see if I'm not getting ahead of myself
I'v been here for a long time
But most mining I did was cloud based and from my laptop/PC
So, I'm really not experienced in the field.
I'm considering investing into GPU mining
I'm reading this
http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/
Building such a rig would cost around 2500$ if I'm right?
Also, setting up different GPUs shouldn't affect performance?
As I see, mining ETH with that sort of rig would bring around 1000$/month
Making a break even after 3 months
What's my biggest motivator is that, even if ETH goes down, there's always other profitable coins to mine with the setup, right?
I just want some tips to see if I'm not getting ahead of myself
Jump to: