Bitcoin Forum

Hey everyone, I'm pretty new around here but I've been into crypto currency for a few months now. I'm getting a new apt and it comes with unlimited high speed Internet and power for a flat rate. I'd like to get a mining rig to mine altcoins like litecoin and bitcoint cash and possibly siacoin. I will most likely be doing pool mining, but I'd like to be able to try solo as well. I have only started researching the forums and google, but I'd like to know what is the current and up todate specs I should look for in a rig, and what the most reputable places are to get a rig, either by purchase or lease. I'd rather aquire in person if possible. I'm in the Midwest of America if that helps. Any and all advice is appreciated! Thanks for your time.

All the altcoins you listed are mined by ASIC's and I think you mean GPU mining rig. Also I recommend you to build your own GPU rig as many others will try to add a 500-600$ premium if they are prebuilt. Building a mining rig is going to save you a lot of money if you have the time for that. Also you need to see how much power you can get in your apartment. They may be offering electricity for a flat rate but there is only a certain amount of electricity you can pull from the wall or else you risk tripping a breaker. I recommend that you ask your apartment how much electricity you can pull from each outlet.

OK thanks, I will definetly see what the outlet capacity is. I know it an unlimited use, pending what I can pull. I have a $1000 to spend on a setup. I'm not very tech savvy, but that from a lack of trying. I'm a quick learner, how tricky is building a rig from scratch? In my situation, what would be the best coins to mine for a decent ROI? Does Monroe require an ASICs? I was under the impression that use could still use a GPU to pool mine these coins.

First of all i don't recommend an asic. Its sound will make your living unbearable.


Now that we got that out of the picture, you're most likely going to have to get yourself a gpu rig, considering you have to spend about 1000$ this is what i recommend, Buy yourself an h81 pro btc motherboard (75$ at newegg), cheapest compatible intel pentium processor (30-50$), a 4gb ram (20$?) and an old hard drive with an OS on it.

You should probably stake out a deal for a couple of gtx 1070 (buy at 400$ each, try to deal hunt, amazon goes down to this or below sometimes) and buy a power supply (50$ for a bronze 750w or get a gold one)

Its not tricky to build the rig from scratch at all, just be careful when installing the processor, also you can mine a whole lot of coins with these gpus but mainly ETH for a higher profit.

def wouldnt do BTC to start.

Thank you, exactly the kind of ideas I'm looking for. Since I'll be starting from scratch, what OS would you recommend? I hear the windows is limited and tends to be glitchy. 

Windows is a very good os, bit of trouble can be faced with the drivers but not as much as plain linux, although if you're planning on having a full nvidia rig there's a linux distro available on this subforum for nvidia mining, windows is only troublesome when you get to 6+ gpus imo.

Also I have quite a few functional but old (2-15yrs) computers. A 5y/o HP desktop, 3 latops and 2 tablets, nothing fancy even when new. Could any of these have components worth salvaging to use in a rig? I was about to break them down for scrap but figured I'd ask first. You'd would think that with free hardware and and flatrate utilities, a decent ROI wouldn't be too hard. Thanks all for the advice. I can tell I'm already gonna be addicted to crypto lol.

The HP desktop can be pretty helpful, try to find what motherboard it has and search for it on google, if it has 2+ PCIE lanes then you're good to go. just get a decent PSU, i have no idea what kind of psu ships with these desktops but better be safe than sorry.

So to calculate my outlet capacity, I can just take the amperage of the breaker X the voltage of the outlet correct? If so I can pull 12000 watts from the biggest outlet in my home. 50Ax240W for my stove. Or 7200Watts for the 30A dryer outlet. I imagine I could run quite the rig with that.

2GB ram is honestly sufficient, and you can get a 32-16 GB SSD and partition some of it to use as RAM if needed for some programs. You can get Windows keys for $3-5 from eBay and the forum as well as bitify and some other sites. Windows is good for general use cases but Linux is sometimes used as well for people with 6-9+ GPUs due to software limitations and some BIOSes just not liking more than around six.

Is the 1080 really worth twice the price of a 1070?

Usually, the 1080 isn't that great for the hashrate & efficiency it offers for its price. However, sometimes you can find better deals on them just because the prices often haven't been inflated to the same extent as most other cards.

However, if you're finding 1080s at twice the cost of the 1070, the 1070 is probably a better deal than the 1080. (Whether or not it's a GOOD deal depends on the actual price.)

Well I see 1070 for $350-400. And 1080 $450-550. The one I saw earlier was the 1080ti for $650-750.
Mind you these are brand new, theres a few used for cheaper but Im wary of their longevity. Are these good prices or just what I can get right now? Is the 1080ti worth the extra money?. I plan on mining 23/7 over the next year as I have plenty of power at flatrate, possibly longer.  I'd like something that will hold up for that lomg and either still be useful or still have at least half its value for resale. Are there any new cards coming out soon I can preodrder?

Try looking at the asus p106-100   Think will be what you are  looking for  :)

the 1080 ti's are definitely worth the money if your are going for a NVIDIA rig... I only say that because I plan to expand and can't imagine having to come up with double or triple the space for gpu and systems to equal the same hash rate..

So are you saying the 1080 ti will deliver twice the hash rate of the 1070?

asus p106 looks OK but the 3 month warranty ha's me wary. And I could get a 1070 for the same price but better hash rates. asus p104 looks real good but no word on when it will be released or the price.

The 1080ti will not deliver twice the hashrate of the 1070. The main advantages with the 1080ti are it will likely retain its usefulness for a longer period of time (being a more powerful single card) and it allows for superior rig density. (With a fixed limit on the number of GPUs you can support using a given number of motherboards/CPUs/etc. you can get a better overall hashrate than 1060s/1070s. Achieving a similar overall hashrate with 1070s could require investing in additional hardware to host more cards.)