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I want to start mining and with that money in my country I can build 2 RIGs.

I pay $800 for each RIG without the GPUS, so almost $7,400 for both RIGs GPUS.

So far I have the option to build 1 RIG with 8 RX 570 4GB ($3,600) and another 1 with 6-7 1070 ($5,400) this is the most efficient setup with my budget?


I don't want to go all in AMD or NVIDIA since I learned diversification is important.

why so expensive? care to break down your price for hardware?

Just buy bitcoin for this money. Wait 2-3 weeks and ytou will be able to buy 3 rigs)

Its the cost here, Nothing much I can do about


How can I expect like 30% return in 3 weeks? Any news I missed?

It's always sceptical. Do your research and then directly invest in some crypto-coin. Anyway, this looks good. Planning to go with Windows or Linux?

Planning to start with Linux, and 50% of my income from the RIGs (-200 montlhy cost) ill use to buy more RIGS in the future

If you are interested i have few rigs to sell, you can check here -> https://bitcointalk.org/index.php?topic=2154109.0

This is not the best time to buy a rig man

Buy btc in low to mid 3k range ,  wait a few weeks / months sell for 50% profit and if u still have to buy a rig you will get the gpu s cheaper by  then or just buy a pre built 570x8 from bitmain (chinese site) for 3k (prob less by then). Your crazy to buy a rig now.

the better and stable rig is with 7x 570 4Gb, i have that PM if you want more information pm me  :)

But here in Brazil the GPUS are almost the same price (those high end cards, now and before the "rally") always that expansive...Since you know that know, its worth to buy Bitcoin, wait for a month and hope get 30-50% then go for RIGs?  *keep in mind that if ALL goes wrong I can still make up those GPU (especialy NVIDIA ones) into a desktop and sell for gamers here, our prices are crazy)

yes I'm a true believer investing in mining hardware.. if you want I can give you good deal on my AMD rx570 4gb rx580 8gb cards. I'm selling off a big portion of my gpu hardware in my facility, to make room for more asics coming in. I have a lot of  models, if a specific model you want let me know. so if your interested shoot me a pm. I can throw in motherboards, chips and rams with them if u want, since I wont be needing.

for bitmain gpu rigs, I would say theres not a big resale market for those compared to gpus.

of course escrow 100%

*note these cards is used for 3 months now, and currently still being used. so still close to full manufacturer warranty on them.

 You can't.

 Febuary-March timeframe, sure - during the first part of the big price runup but before miners had built enough new hashrate to catch up and the GPU shortage price gouging started.

 Now - if you manage 10% return a month you're doing pretty good - we're almost back down to the profitability level of LAST summer, where only the low-cost electric folks could seriously prosper.

You cant compare AMD and NVIDIA.

It is like you compare LAMBO and SKODA :)

NVIDIA is best.

This is the most understated comment of this entire thread.

You better wait for the next days/weeks to see how all this Bitcoin China drama plays out before wasting money on a mining rig. Coin prices are continuing to head downwards and with $9,000 in your pocket you will be better off buying coins directly than investing in mining hardware at this point in time. Bitcoin and any GPU mine-able alt coin will correct to at least 50% off recent highs and you will have a much better chance profiting by buying directly than mining. Hardware prices are still around 150% of original MSRP making mining ROI even less likely, but if this downtrend last for more than a couple of weeks I think you will see those prices begin to fall as well.

No matter what you decide, my advice would be to wait for a few more days before buying anything (coins or hardware) to see what is in store for us in the near future.

Check the bitcoin price. Everything is down because of the China and JPMorganshit FUD.
But the price will eventually rebound for sure. Now is a good time because of the dip. Buy low sell high.


Correct. This exactly. Not a good time to buy. Rather just invest in currency itself.
The $3000 range BTC is currently trading is actually a pretty good price point to get into.

order some A3 antminer

you will make far more using those than with GPU atm

Since the money will be avaible to me on Sep 20th, and after all the help I got here and some research I did on myself, I'm trending to save 80% Bitcoins to sell when it reaches 5-6k (then go for RIGS) and trade altcoins with other 20%...I think I'll learn a lot from trading and also have plenty of free time right now

That's the stupidest thing I've ever read. This might be true for gaming. For crypto mining it depends on multiple factors such as the coin you intend to mine and the power consumption you are willing to accept.

I agree. The AMD cards is best for mining for long time.

LoL
Classic.

 So YOU are the one that invoked Murphy and caused the current Bitcoin price collapse!


 JP Morgan was FUD - but BTC China announcing they are closing all operations by September 30 is a bit more than FUD, it's a bellwether.

I have 100+ RX models, 100+ NVIDIA models...so i think i am capable for this test.
With RX models always some problem, much machines go crazy and freeze...you need to to hard reset...when you have like 20 rigs there is no chance in 7 days at least 2-3 interventions.
NVIDIA 20 rigs are running without problem with uptime 30days + ...i can post screens if you want.
Also it uses more power, also go compare how much coins and what result you get with AMD and what with NVIDIA models...

I can't say AMD is cheaper much too because this moments when it is hard to find GPUs RX 580 models are 350 EURs mostly or even more and NVIDIA is 450 and it rox...

antminers are typically around the 1500-2500 range, why not buy any of those?

care to clarify what you mean?

I have the opposite experience as this.

My AMD rigs are running without a single issue for over 1120 hours right now. My nvidia rigs I literally have to check multiple times per day because they are constantly giving random issues. Both are equal profit for the dollars I spent.