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New miner
#1
With the current difficulty and the recent price spike of useable gpu’s, it there any profitability in building a new miner using all new parts? According to the profitibility calculators there is money to be made but how do they compare to real world use? At current market value for ETH the roi would be around a year if buying everything new. Opinions?
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#2
Give or take, calculators are like asking a 5 year old for advice.... they are based on guess work and luck.
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#3
Yep, the currency fluctuates way too much for the calculators to keep up. Plus each card is different. Even .01MH/s difference adds up over time. That's something the calcs can't account for.

Personally, I'm starting out with cheaper cards to build slowly and learn more. Then I'll upgrade the cards later on. I won't make as much, but I also won't spend as much in electricity (as I'm not set up yet to be fully off-grid with the rig).
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#4
I’m trying to decide if it’s worth the $3k to put one together. I’m sure in the long run it would be a wise move but with me building this new house there isn’t a lot of extra money laying around. Decisions decisions.
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#5
(12-31-2017, 04:16 AM)Project Wrote: I’m trying to decide if it’s worth the $3k to put one together. I’m sure in the long run it would be a wise move but with me building this new house there isn’t a lot of extra money laying around. Decisions decisions.

How many GPUs are you looking for? You can build a rig of 4x RX580s and mine quite a bit of coin for under $2k - I'd estimate the way I'm doing it would be $1500 max.
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#6
Heck you could use old cards gathered from friends and family and learn and grow your rig with the money you make.. it's all about starting somewhere- once you get the bug you'll find the money lol .. hahah
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#7
I thought about that but I don’t know anyone that has a decent gpu besides me. Lol . I would still have to buy new ones. I’ll keep looking around and see where I end up. I did find this forum by accident and a month later I was buying Cells by he ton from a recycler.
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#8
Hahahha, nice Smile at least you stumbled into something productive and wholesome, unlike those xxx sites Tongue

Not much, but I have an HD7770, HD8570, and a R7 360 currently running NiceHash. Today, I finally make the .001 BTC after about 3 weeks of mining (it did take 5 weeks, but NH was down for a couple weeks).
I know it's not all that much, as it's only about $30 USD. But, it's a start. I'll be buying the Radeon RX 560 4GB in a week or two and that'll increase my mining by 10X. So I should be able to get about $300 in a month, even if I get that in 2 months, I'll be happy. I'll still run these cards along with it as every little bit helps. Then the following month, I'll get another card, and that'll probably be the Radeon RX 470 or 570, but still the 4GB version. Then after a few months on those, I'll get something better/faster/strong.
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#9
I could probably get everything setup with 2 cards to start, then just buy 1 or 2 new cards per month so it doesn’t hit me all at once. There are so many different RX580 cards to choose from and they seem to be about the best bang for the buck right now. I just need to figure out which ones are the easiest to mod and squeeze the most out of.
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#10
If I had to give advice - based on my ' last two weeks of experience' Mind you that'd exceed 50 GPU's go for Budget RX570 4gb and get as many as you can all the same. Competition for those cards is much less so BANG for Buck is right up there just did a 6 card rig http://secondlifestorage.com/t-ASUS-Expe...ida-memory and got stable +29mh from them for past two days. Now tinkering with duel mining but watts went from 870 to 1001 watts & mining speed dropped a bit so either needs some more tinkering or running away from duel mining
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