Bitcoin Forum

First, I apologize for all my posts. Im just trying to get the most for my money. Right now I have 6 Sapphire Nitro+ Radeon RX 580 cards coming from Amazon ( so I can return them if needed). For those that use 580's, what pool's do you use? I ran the nicehash profit calculator and it seems on there, it's only $3xx a day per card, but with 1080's and even 1070's, it goes up to almost $6 a day. Any further input would be greatly appreciated. Again, sorry for all the threads.

Profit calculators are just showing profitability based on what you would receive if you cashed out the coins you mined at that moment. They can't predict what the profitablity will be the next day or even the next hour. That's why mining the current most profitable coin that hour is pointless. By the time you accumulate enough coins to cash out, the profitability will have changed. Conversely, what the profit calculator showed as a $6-$7 per day profit, will more often than not be a $4-$5 profit by the time you cash out on the pool and if you were to sell right away. A much better indicator is the average profitability over 3 days and 7 days. By mining and HODLing coins, you can determine the best time to sell. So what the calulator was showing as a $2-3 profit per day, becomes $5-$7+ per day if you wait for the right time to sell.

Ahh, I see. So do you think nicehash is the way to go or just do ETH or something else?

Also, thank you for clarifying that. I didn't know.

I have never used Nicehash. It's an easy way to get started with mining on your home PC, but for that convinience they take a cut of your profits and you only have the option to cash out BTC. I find it a better strategy to mine coins that are undervalued and HODL for the right time to sell.

Dang you got lucky on buying 6 of those. How much did you pay?

Anyways, I have 2x RX 580 8GB Nitro+ and I'm seeing Nicehash and ETH are about even right now in profitability if you're getting 31MH/s on each card, which can be tricky but is possible. So take a pick whether Bitcoin or Ether will increase more in price.

And yes higher-end Nvidia cards are more profitable right now with alt-coins going up. They're just more expensive to get started. In the past RX cards were cheaper and you could get twice as many and be making more.

I paid $3K for 6. Do you think I should just return them?  If so, how about these? https://www.bhphotovideo.com/c/product/1282936-REG/evga_08g_p4_6288_kr_geforce_gtx_1080_ftw.html

$500 per card ?! way over paid, for that much you should have got 1070tis

Oh, that's how you got 6 of them. You overpaid. That's $500 ea.

I've no experience with the liquid cooled/hybrid GPUs. That could be an idea. I would tend to go with the Nvidia that have fewer PCIe connectors because you can't run them without all of them connected (unlike AMD). But liquid would keep things cooler I suppose. Those GTX 1080 are a bit overpriced also, but every GPU is right now. The GTX 1080 isn't as overpriced as a $500 RX 580.

Idk mate. I don't want to tell you to return 6 of the most sought after mining cards. But I will tell you that you paid an extra premium price for them.

I know I overpaid, that's part of my issue. Why are RX 580 so sought after?

ETH is the biggest and most known alt coin, and AMD cards are better at mining it. They also used to cost a lot less than nvidia cards, MSRP for RX 470/480/570/580 used to be $200-300. They're definitely not worth it if you're paying $500 per card though. That's the kind of money that can get you a decent 1070 Ti, which is going to be as fast as RX 580 in ETH and faster in everything else. With only one exception — Cryptonight. That's another algo where AMD is noticeably faster.

Talk to me then. Send them back for those?

That's your decision to make, not anyone else's. Why did you buy them for $500 a piece in the first place? If you just thought they're cool and you'll make tons of money with them and didn't do any real research before placing the order then yeah, it's better to return them I suppose. Then do some reading. Then order something that is actually worth $500. In general you're supposed to do things in this order: first you do your research, then you order equipment. Looks like you did the opposite. :)

send them back and grab 1070ti cards yeah

This is crazy. I ordered fifteen (15) cards from Newegg.com for $249.99/ea and that was in December!. The crappy part is how I had to order them in groups of three. Wait 48hrs. Order three more, etc. I did the BIOS mod and I'm getting 29.8 MH/s per card average for the Samsungs, 28.7 Hynix, and 24.66 with the crappy Elpida memory. Thank God that almost all were Samsung!

(off-topic) You do it wrong with elpida memory, I get 31+.

(on topic) As it has already been suggested, send them back and get 1070Ti instead. The only RX580 advantage over 1070ti is that they are twice cheaper !

Ahh..no. Thats the going rate for them. I mean, if you could find them for $300, please point me in the right direction. The problem is, I don't know what they are "normally", except what i've seen posted.

Which ones because if you look now, you will see how much more they are.

Well I wouldn't really trust Nicehash after what happened. You should wait and see what happens with them first.

And the reason nvidia cards are getting more, is because they mine equihash algorithm better than AMD.

A really good coin to mine is IntenseCoin. It mines really good on AMD cards, and is really profitable! Check it out in my signature.  ;)

They are a fucking ripoff send them back

That's why I say the Nitro+ 8GB are the most sought after. I have 2 of them and they are both getting 31MH/s after BIOS mods with zero memory errors in HWInfo.

Where and what are you mining?

Yeah, way over paid. I have a total of 6 RX 580's and 1 570. I never paid over $309 per card (most were at $299, the 570 was $229). I have a mix of XFX, Asus, MSI and PowerColor.  I'm getting right at or over 30 Mh/s on each card dual mining. I have a little more tweaking left to do on each to make sure the power and speed are optimal, but I'm pretty close right now.

At $500 a card, your ROI is going to be right at 5 months plus however long it will take you to pay off the rest of the system - so you're probably talking a 6 month ROI. Buying the cards at the right price, and you'll have an ROI of half that.

Alright guys, I am returning them. I just ordered a mixture of 1080's and 1070 ti's that I paid less then the other RX 580's.

1080s are only good if you're getting them for pretty much the same price as 1070 Ti's. If they're noticeably more expensive than 1070 Tis then they're not worth it. GDDR5x memory is not as good as the regular GDDR5 for some algos (there's been quite a few very profitable Neoscrypt coins lately, and 1070 Ti is faster than 1080 on those).

I got them for around $500 each with the tax.

much better deal

Cancel 1080s, get all 1070ti's.

From by test / mod bios Saphir RX 580 Hynix/Samsung/Micron are ~ 31MH/s for ~100W for ETH / For ETN ~ 880H/s ~80W

It can be better but with my OC/Strap no error and pretty stable.

Curious as to why?

Probably for the reasons I mentioned in the previous post. GDDR5x has currently no advantages for mining over the regular GDDR5 (except some very moderate power savings). The compute difference between 1070 Ti and 1080 is only about ~5% (based on the number of cuda cores). You'll lose a lot more than 5% in the algos that are memory dependent (that's ETH and Neoscrypt for the most part). ETH rarely makes sense to mine on nvidia cards, but Neoscrypt is all the rage right now. And it's faster on 1070 Ti.

Thanks for the clarification. I appreciate it. Does it make sense to keep two of the RX's with the Nvidias to have an 8 card rig or because I paid too much, it wouldn't.

Are you in the US? If you are, there's a few RX 580 cards available from newegg for $350 each.
https://www.newegg.com/Product/Product.aspx?Item=N82E16814202280&cm_re=rx_580-_-14-202-280-_-Product — Nitro 580/8 for $360.
https://www.newegg.com/Product/Product.aspx?Item=N82E16814150794&cm_re=rx_580-_-14-150-794-_-Product — XFX 580/8 for $330.
https://www.newegg.com/Product/Product.aspx?Item=N82E16814131713&cm_re=rx_580-_-14-131-713-_-Product — Red Devil 580/8 for $350.

Just return the overpriced stuff you bought for $500 each and buy some of these if you still want to own some Polaris cards. It's still not cheap, but a lot better than $500. I've got all of these and both Sapphire and Powercolor have good coolers. XFX is not so good but still fine.

Thanks for that. I am in the US.