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Title: I want to mine ETH, need your suggestion or recommendation Post by: MasterMoon on January 08, 2018, 07:54:06 AM Hi all Guys. I'm new to mining I just want to mine ETH I need your recommendation/suggestion for the specs of the mining rig that I need to build and how much will cost it. Hope anyone there helps me. Thank you in advance.
Title: Re: I want to mine ETH, need your suggestion or recommendation Post by: newmz on January 08, 2018, 08:08:54 AM Honestly... if you want ETH you are much better off to just buy it with the money you intend to spend on a mining rig. Or mine another coin which is more profitable and exchange it for ETH on one of the ETH-centric exchanges. It's way too late.
I was mining ETH almost 2 years ago and I mined an amount which would now be worth $250 000 but I sold most of it when it reached $50 or something. I currently mine equihash algorithm based currencies and exchange them for ETH, BTC or DASH - or sometimes I just mine something random and HODL it just in case I get lucky. I believe that if you look at all the working tokens and projects already running on ETH, if there isn't another major catastrophe like the DAO scam - ETH could easily reach BTC prices, but mining it directly just isn't worth it any more unless you have free power and free hardware. Title: Re: I want to mine ETH, need your suggestion or recommendation Post by: Vann on January 08, 2018, 08:23:23 AM You need AMD cards to mine Ethash coins. The best current cards in hash/cost are Bios modded RX 570 4GB cards. A six card rig will average ~0.6 ETH a month currently. A $2000 rig would pay itself off in about three months, less if you dual mine or you hold the coins you mine until the best time to sell. The problem is with the recent spike in altcoin prices, GPU's have all but disappeared and finding multiple cards at a decent price will be a challenge.
http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=172&p=780&fee=3&cost=0.10&hcost=2000&commit=Calculate http://whattomine.com/merged_coins/1-eth-dcr?utf8=%E2%9C%93&hr_eth=172&fee_eth=3&hr_dcr=4400&fee_dcr=3&p=900&cost=0.1&commit=Calculate Title: Re: I want to mine ETH, need your suggestion or recommendation Post by: MasterMoon on January 08, 2018, 07:14:26 PM Honestly... if you want ETH you are much better off to just buy it with the money you intend to spend on a mining rig. Or mine another coin which is more profitable and exchange it for ETH on one of the ETH-centric exchanges. It's way too late. I was mining ETH almost 2 years ago and I mined an amount which would now be worth $250 000 but I sold most of it when it reached $50 or something. I currently mine equihash algorithm based currencies and exchange them for ETH, BTC or DASH - or sometimes I just mine something random and HODL it just in case I get lucky. I believe that if you look at all the working tokens and projects already running on ETH, if there isn't another major catastrophe like the DAO scam - ETH could easily reach BTC prices, but mining it directly just isn't worth it any more unless you have free power and free hardware. Thank you so much for sharing, then I will look in you other suggestion and will search more of it. Just to get the opinions of other. Godspeed Title: Re: I want to mine ETH, need your suggestion or recommendation Post by: dhouse on January 08, 2018, 07:20:04 PM You need AMD cards to mine Ethash coins. The best current cards in hash/cost are Bios modded RX 570 4GB cards. A six card rig will average ~0.6 ETH a month currently. A $2000 rig would pay itself off in about three months, less if you dual mine or you hold the coins you mine until the best time to sell. The problem is with the recent spike in altcoin prices, GPU's have all but disappeared and finding multiple cards at a decent price will be a challenge. http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=172&p=780&fee=3&cost=0.10&hcost=2000&commit=Calculate http://whattomine.com/merged_coins/1-eth-dcr?utf8=%E2%9C%93&hr_eth=172&fee_eth=3&hr_dcr=4400&fee_dcr=3&p=900&cost=0.1&commit=Calculate I found plenty at the local Microcenter |