Bitcoin Forum

How can a miner get mining in 2018? Prices are just to high

It would take 10 months just to make your money back. And then you start to see profit



My 1 1070 can only pull in maybe $5 a day it would take me 7-8 months before I paid it back and made money...

Smart investment? How are people paying these prices?

Mining is not a short term investment.. I hate poeple who think that they will have a miner and instantly become rich...

look 3 months back, 5 USD with 1080ti was normal... than it boosts up to 15...

10m ROI is still good, compare it with any other investment....

While the prices are insane right now you have to look back a little way to see we are still seeing great returns from each card.  it used to be much lower.  I still wouldnt recommend anyone buy at these insane prices.  You can still get cards for good deals just need to be lucky and quick when they do come in.

It's not 10 month ROI if you avoid paying CRAZY GOUGE PRICING.

10 month ROI isn't all that bad anyway - same ballpark most ASIC miners have been in for a long time - and one HECK of a lot better than *ANY* normal investment can manage.

 The past year spoiled a TON of folks with the crazy high returns.

You can't avoid the prices. Unless you buy used. And chances are your buying a video card that has been beat to death.

Plus places aren't offering warranty on video cards. Pny said they can refuse to fix their video cards because of the shortage



Not really. I have seen more money buying come

Its funny that people thing a sub 1 year ROI is bad?  Not much out there would ever do that.

I am mining with a 1 x 1080Ti when Lambo?  :P

Who is making $15 per day mining with a gtx 1080ti? the thing is barely making $5 and a gtx 1080 is being sold for $1200, using the calculator + total cost will return your investment in 400 days.

ahhh, the ol' mining is not profitable discussion.

i love reading posts written like a year and a half ago about how mining is not so profitable, and then thinking about what crypto values are now compared to then...ha!

but yes, mining is a long term play with some risk involved. but even if coin prices literally stay exactly the same over the next year, you still are making pure profit after that, and you also still have the gpus which have value. and once it's running it's passive. is that so bad?

also imo i think mining pos/pow coins - or just pow coins and then trading them for pos coins - is a really underappreciated move, should up your roi at least a bit


lol

buy an evga 3 year warranty.  

so that is 36 months

spend 1000 on a 1080 ti hybrid

set up 6 on the 8 slot mobos  

cards  cost 6k
mobo 200
bigass atx 400
stick of ram 50
cpu 100

total cost 6700   every part but the mobo has 3 or more year warranty.

you will do 4200 sols use 1200 watts

30kwatts a day
900kwatts a month     at 20 cents  power is 180 usd.

4200 sols of zcash = 34 a day

which is 1020 -180 = 840 a month x 12 = 10080

no business generates  that set of numbers  with almost no work

and I used 20 cent power cost.

so 10080 - 6700 = 3380 profit in a year and you own a machine with 2 years on warranty.


this means 1000 a card for an evga hybrid 1080ti  is a bargain

The extreme GPU shortage right now is Insane. Never seen anything like this.

While at first look 10 month ROI looks good, in my opinion, it is very risky. Profitability could be 10% of what it is now in 3 months then how long would it take to get your ROI? Look at what happened when new ASIC's or GPU's hit the market previously. If coin prices go up you will do good but it's very unpredictable.

Well, when i`ve entered into the "business" roi for my 1080 ti`s was 12 months +...

It was the same as this last summer...

Profitability can also be 1000% of what it is now with coin price changes etc.

Case and point I sold a dude a miner that paid me in eth last year.  He paid 38eth at that time it was 4K

Nobody ever said mining was not risky. You shouldn't be considering mining anything at all without being okay with extreme volatility in profits. With profitability being extremely high in the last few months I feel like many people have forgotten about this.

People are stupid, they have no idea of what could happen to them in few months, paying these overpriced prices is taking a huge risk, in 2013 the problem was not gpu's shortage or increase in gpu prices, it was really the coin price crashing, ltc hit $50 and it crashed to $0.55, that was almost 100 times crash. So imagine now if coin prices crash 100 times again, imagine if eth  which is $1000 crashes to $1, not going to happen cause this year is eth's year and many people are betting on that but why mine something that can be very risk cause of gpus prices instead of just buying the coin is stupid.

I'm new to this. But I'm OK with 10 month payback.  I guess I have never been spoiled by a 3 month payback of the past...

Given some of the recent ASIC releases and Volta on the horizon that 10 months could get a hell of a lot longer. On a positive note the release of Volta may see secondhand 1070/80's come onto the market and bring prices down to more sane levels.

If you believe that miners would sell current generation cards :)    Gamers would probably sell - yes. but limited quantity.
Usually what I've seen before is miners just buy more cards. The moment they sell (speaking large scale) is when the card is totally useless for mining. Which would take at least 1 more year for the current generations video cards.   I think the future is more and more video cards put into mining, bigger difficulty, higher hashrates, profits returning where they should be, not like the end of Dec craziness and may be more NiceH*** clones shaking the hashrates :)

10 months to completely get your money back?

Sounds like a fuking STEAL.

Tell me one other business venture you can capture your money back in 10 months.

Name one boys.

PS. this same shortage happened during the summer and people claimed you would never get your money back at that rate.

Most are mining for the wrong reasons: money.

if you opened up a business and couldnt pay your workers, take money out to pay the bills, or even pay for food for 10 months you workers would leave and you would die of starvation.

The problem with these ROI predictions is expecting this pace of price increases (which is offsetting the difficulty rise) to continue for the next 10-12 months. Maybe it will, maybe it will not.

Consider that 12 months ago in January 2017 the price for one Ethereum was around $10. The past year it has risen more than 100X to $1,000+ in price.

This is why the ROIs have worked out for miners, although I would venture to guess that had someone invested $1,600 back then for a standard 6 GPU rig instead into Ethereum directly they would have come out way ahead buying 160 Ethereum coins than they earned via mining.

So getting back to the topic, for your 10  month ROI calculation to work, you are counting on the price of Ethereum to continue to rise. A 10x rise would mean Ethereum would need to hit $10,000 where another 100x rise means $100,000. So if you do believe the price is going to continue to rise to keep offsetting the ever increasing difficulty, you would still be better off investing in the coin directly rather than buying an overpriced GPU.

BTW, I just used Ethereum as an example as you would probably mine a Equihash coin such as Zcash for a 1080, but the premise is the same as all the coins have acted similarly.

This doesn't make sense.

Why would you start a business if you didn't have funds set aside for at least 3 years of employee salary, expenses, bills, food, w/e.

Clearly you have never started a business, good luck with your mining adventure.  ;)

Problem with ROI and profit is that its totally unknown what will happen next. Here are some factors:

1) Coins cost fluctuates a lot. Who knew 1 year ago the price of Eth will be like today? Who knew 1 week ago it will drop 30%? Its unpredictable.
2) Hardware is under highest utilization. So expect cards can be broken.
3) New hardware can come in effect. With higher rates, lower price.

Mining is fun. But not for everyone.

Very good post.

1-buy gpus
2- start mining
3- hold your coins
4- Coins price will go up after 6 Months (most likely less than 6 months )
5- sell the coins
6- you win  ;D

Who the heck are you?  Metroid Jr.?

I don’t understand this people saying a 7-8 month ROI is not a good investment. That’s a GREAT investment. What else are you guys investing that ROI’s so much better than 8 months AND allows you to hold the asset?

Buy the coin is a better investment, you can get your money back 100% in few days, hours or minutes. Mining is a losing game, returns are terrible, 10% in crypto per month is nothing where you can earn 500% in few hours trading back and forth. But don't outdo yourself, I do understand your fear, like most people, compared to what banks pay on your money already there or put your money in a competitive environment/jobs to see returns of 20% per month or higher but lot of work needs to be for that. It's amazing to see how worthless is mining x buying the coin and trading it.

My buddy's 30 rig 1080 ti brings in almost 10K a month.

6 brings almost $60 a day on nice hash.

Illusions Mister Anderson.

You guys are all doing it wrong.

Instead of paying $1500 for a 1080ti to make $5/day

You should just get an 7970/280X from Craigslist for like $150 and make $2.5/day

In days like these all the legacy gpus like the Pitcairns and Tahiti's make the most sense.

Not even sure what that means

6 cards:

https://i.imgur.com/gN6MPbD.jpg

No point teaching what profit means to the stupid, I guess they like to pay $1500 for a gtx 1080 ti and say to everybody they paid $2000 for it and then try to sell to the next idiot for $3000 and $3000 is titan v but no, they dont want that, they want to pay $2000 for a $700 card, that probably will mean status to their idiotic action.

buying cards in this price environment is madness

as you can see the price of currencies is tanking eth diff just went up 40th from 165 to 198th

soon gpu prices will drop as revenues from the calculators settle back in to $2 to $3 per card

thats when u want start buying.  For now either trade or buy asics

I started mining around Oct. 2017 and at the time ROI was around 380 days now I’m at around 180 days. To put into prospective I’d like to ask you what other business you can invest in that will get your ROI in 10 months?

I’m a merchant by trade, since submerging myself in the crypto world I feel like a lot of people don’t have an understanding of risks in any situation, all people see are the returns at that moment in time. Nothing is certain so just do your due diligence and adjust to your surroundings, it just might work out. 

To the OP, if you’d like to get out of mining let me get dibs on your gpus

You wouldn't be able to buy many of the coins without mining.   

Don't be a fucktard Metroid.

Nothing wrong with a mix of both.   

Stop being a dickwad on the forum.   ;)

Selling drugs has a much better ROI than mining.

 You CAN avoid most of the gouge with patience.
 I almost pulled the trigger on an EVGA 1080 FTW tonight - passed on it due to the "dual 8 pin power" that would not fit into any of my current available GPU positions.
 I've also managed to "pull the trigger" on 4 other GPU purchases in the last month before that, despite generally only checking availability once or twice per day at a limited number of spots.

 I refuse to shop at places that won't honor warrenttee - places like that are AT BEST too bloody shady to trust, and have a fairly high potential to be outright ripoffs.

 PNY can't refuse to honor their guarenttee on cards, unless they want to end up in Federal Court over it - and lose a CHUCK of money and reputation as a result.

 It's unmatched on the Nvidia side, but it's not much if any worse than the "Litecoin Craze" days on the AMD side.

 Given the Titan V performance, I don't anticipate Volta making ROI significantly longer on Pascal cards - it's looking like a ballpark 20-30% improvement AT MOST, so noticeable but not game-changing.

 I can't remember the last time I saw a 280x or 79xx ANYTHING on Craigslist.
 Definitely months, but more likely a year possibly 2.

 Ditto R9 ANYTHING except for one listing for a WAY EXPENSIVE R9 290x at something like $600 a couple months back, and a listing for a pair of R9 290 (not x) around a year back in the $350 each range but I was never able to get in contact with THAT seller.

Its interesting. Profit drop down 25l%. Cost of cards raised 50%.

I got confirmation from manufacturer that Nvidia officially increased prices. Now they ask me to pay more for less...

had some newegg giftcards , grabbed tow new saphiire nitro

they are giving away freen 23 inch mointors with them now LOL

ill flip those on craiglist for $100 each

https://www.newegg.com/Product/Product.aspx?Item=N82E16814202282&ignorebbr=1

Huh..and here I have 3 R9 290 reference cards and a pair of RX280s rotting away in their little static bags. I replaced them with 1080TI long ago..are you saying they're still worth anything for mining?
I think last I remember the 290s were getting around 30mh eth, and 375sols zcash? but sucking up like 350w. Haven't looked at them recently though...I switched my rig from old AMD to new Nvidia. Any suggestions on what to mine on em?

Let them buy all gtx 1080ti for $1500 and RX 580 for $800, history has showed those are the first to buy fabricated coffins when the time comes and I applaud their stupidity more than anybody around here hehe

For some reason the 7970/280x are easier to find. I am assuming most newbies don't think its possible to mine anything with them.

Here is even an individual on Bitcointalk classifieds thats selling some

https://bitcointalk.org/index.php?topic=2663849.0

$130 for a 7950/ $160 for a 280x.

Seems fair and a much better deal than a $1500 GPU.

Found some on Craigslist and eBay also for a similar price.

The r9 270x are also easy to find.

I got lucky, bought 2 8 gb 580 saphires before I even knew they were hard to get, amazon, 269ea. On the profit thing, I think it's been said, don't sell your mined coins right away, you'll maka a lot more. If you try to calculate based on coin worth at time of mining you're limited, if you're using nh same thing because payout is always btc. I mined 1k etn at .06, did I earn 60 usd? No, because now they're worth .12 ea, and I'm still holding them. That's 120. Pretty big difference.

Just divide your mining week time in something like:
50% promising coin (ex. ZEN)
30% new coin with low diff.
20% nicehash/Zpool/mph (profit switching)

Have fun!

There's a reason some guys here are starting to thin out their farms and sell gpus

Was just looking at my local retailers website and while there is stock - the dang prices...


https://preview.ibb.co/nMp6Ob/Capture.jpg

Yep, I took notice of that too; if the veteran (or should I say, the hero/legendary) miners are selling their GPUs then maybe it isn't such a good time to be buying...

I recognize that website :)

Check out the link on the product that says "see store for BYO discounts on this product"

Microcenter has held to MSRP on gpus for a while now.  You just had to be there when they put the gpu on the shelf for the week to get any, resulting in them constantly not having any stock.  I think this now pricing on the cards is akin to what newegg is doing now with the 'free monitor' when you buy this product.  Microcenter says 'see store manager for best price on this product'.  I think that a visit to your store could result in a price quite a bit under what is advertised.

Are you only looking at online stores? I drove 3 hours one way to get 8 1070tis from a microcenter, in the snow. Good prices are out there. You just can't sit there refreshing amazon & newegg hoping to see low prices.

Both Ways?  ;D

I mined Solaris on my 6x 1060 rig for like a weekend and did really well at the time.  I was making about $15 a day after taking out electricity costs.  Now, 5 days of mining Solaris back then is more than enough to pay off the entire rig.  

I also mined 2 Ether in 45 days.  At the time it was only about $7-10 a day but today, the 45-days of work paid off my entire rig.

If I calculated how long it would take to pay off my rig at $7 per day it would come out to 300-days but since the prices increased and I hodled, the value of my investment increased.

Some say I'm still driving.

You should stop texting.

Oh noooo, you showed proof that a gtx 1080 ti is being sold for $1500, the idiots here will say that is a lie even if you showed proof, they will say here that they can get them for $650 a piece hehe, rx 580 is being sold for $800 and they will say they can get them for $200 hehe. Trolls are such varan creatures hehe

How does the power usage and hash rate compare between 1080 ti and 270x/280x? Most people buying 1080 ti paying $.20/kWh or more and not everyone is lucky to be from rural settings where power cost mere $.05 or less. And most can assume those 270/280s were used for mining purposes, what is their expected lifespan without any support from sellers or manufacturers. I sold off my 290 and 390s in favor of Fury with modified ROM and 1080 Tis because of how efficient they are and I pay over $.20/kWh and mining is still profitable for me :)

I've talked to my local store about this discount. They wouldn't even discuss it unless I was purchasing 5 core components (mobo/cpu/ram/psu/ssd) or 4 core components plus monitor.
I even threw out the idea of buying two new monitors and a new gpu or two to upgrade my personal setup to 1440p and they said it didn't qualify currently.

I don't fully blame them. I understand the demand and why they are focusing the discount to people who are wanting to do a new build. The prices in general are just hard to watch sometimes.



The prices are real. Of course, it's not just gpus. I was looking for another ledger the other day and the only authorized retailers that had stock were selling $200+

If you are making less than $10 a day with a 1080ti you're doing it wrong!
And $10 are my bad days, with $20 being average and hitting $40+ on the really good stretches.
Mining shit off the first page of WTM, or using nicehash is lazy!

So even at today ridiculous prices your return on capital is no where near that bad if you can sustain $10/day

• $699 RRP would be ~70 days
• $1000 infalted price would be ~100 days
• $1500 gouge would be ~150 days

Where are you getting 10 months from?

Make sure you stay anonymous cause if they find you by saying the truth then they will send a hitman on to your way hehe

You are doing it wrong, those 70 days mean 700 days. You trolls never get it right.

Huh??

https://whattomine.com/coins/212-lux-phi1612?utf8=%E2%9C%93&hr=37.0&p=220.0&fee=0.9&cost=0.1&hcost=700.0&commit=Calculate (https://whattomine.com/coins/212-lux-phi1612?utf8=%E2%9C%93&hr=37.0&p=220.0&fee=0.9&cost=0.1&hcost=700.0&commit=Calculate)

no

 it is not good to be paying  1200 plus for a 1080ti
it is not good to be paying     800 plus for a 1070ti

I sold 9  1070ti's hybrid
I plan to sell 3 more 1070ti's hybrid's  about 600 to 650 each.

My reasons are simple.
My garage has a hard cap of 1x

 30 amp 240 volt circuit

about 5000 watts

I got this in:

https://www.youtube.com/watch?v=9a5zXdRMxxc

pulls 1100 watts  or 9-11 1070ti hybrids set to 105 watts

so my math is simple sell off all 12x 1070ti hybrids

and I am back under my power cap.

At the moment  evga  sells the 1070ti hybrid for 580 + 30 to ship = 610

sold out.

I paid 560 + 30 = 590 for mine

So if I get from 610 to 650  for 2-3 month old cards  I break even on all of them.

Other then my mining earnings of about 150 a card. so far 9x150 =1350 profit

lots of bigger farm guys are really selling at stupid high prices  on ebay.

no one offers the evga 1070ti  hybrid at 775 anywhere.  most are 799 to 1050 a card.

truly nut job price.

I always make effort to not gouge  when i sell my cards.  So do I think  you should buy at high prices no.  Not when  people like me sell at a small markup .

If no one wants the last 3 1070ti hybrids.  I will simply mine them and set my clocks a tiny bit lower.

If some one wants them at a more then fair price they are right here.

I'm sure you don't want to name any specific coins, but as someone who doesn't know any better than to check WTM, where are you finding such outrageously profitable coins? And are these coins listed on any exchange, because if you can't buy things with them or sell them for fiat then the profit is merely theoretical.

If you are paying 1200 for gtx 1080 the joke is on you. I spent less than that on  TWO 1080 gpu's. ROI would be around 5 to 6 months.

Oh, I don't blame you one bit for selling off excess cards right now - and I don't think you are charging an unfair price for your cards given the current state of the market (unlike that dude who wants 1.5 BTC for 10 used Vegas... that's definitely shakedown pricing, there) - rather, I was just observing that if people like you are selling cards then it is at least in part because you think you'll get more of a return from selling it rather than mining with it.

If everyone was dumping their cards on the open market and used prices were <50% of new then I suspect you wouldn't choose to sell off your excess cards, even if you don't have the electrical capacity to run them, am I right?

I had 20 rigs with 6 of 580 8GB cards for each rigs now, I this price and diff hope I can get my capital back after 6 month if everything same right now.
All equiments increased so crazy now. It's too much risk for new comers.

This is a result of timing, and not anything else. People who derided and questioned mining and it's profitability for literally years are now finally figuring out that people have been been making a lot of money doing it. They are late to the party and are paying a premium for almost every single part you need to build a rig because of supply shortages.

I paid $139.99 for my ASUS B250 motherboards, $479.99 for my ASUS 1070Tis, $529.99 for my ASUS 1080s, and 749.99 for my ASUS 1080Tis, they ALL ROI'd in under 8 weeks because of timing.

When you are late to the party, it's impossible to immediately have the same amount of fun as the people who have been there for months/years.

All that being said, a 9/10-month ROI (1080Ti is currently about 285 days mining ZCL) on hardware for mining is still worth it IMO if you are serious about mining.

Right now since mining is so profitable. The power consumption should not be a big influence.

The 7970/280x gets like 200 Watts on Equihash and about 150 Watts on Cryptonight.

 280x is rough ballpark a 300 sol/sec card on equihash as I recall from some of my testing.
 Under 15 Mhash/sec for ETH in the short time I tried it on that.
 Stocks card, BIOS upgrades might have helped some.
 I didn't check power usage, but I would GUESS 150-200 watt ballpark.

 If you are paying over 20 cents/kwh you're in one of the HIGHEST price areas of the US - the NATIONAL average is closer to 12 (I can't remember if it finally went over or is still a little under offhand) and you don't need to be "rural" to get to 5 cents/kwh or a bit under.
 Moses Lake, Wenatchee/East Wenatchee, Ephrata, and Quincy aren't BIG cities, but they're definitely not "rural" - and there's at least one part of the Spokane metro area (the service area of a small electric utility company called MECRO or something like that in the Spokane Valley suburb) that's also under 5 - and that's just the areas I know about personally and talking residential or SMALL business (general service) rates + taxes + fees.

Up the hill? Barefoot?  :D

Looks like Newegg has joined the gouging party, $520 for a Sapphire Nitro+ RX 580 8GB, sold and shipped by Newegg. If this keeps up they may start trading GPU's instead of coins. LOL.

https://www.newegg.com/Product/Product.aspx?Item=N82E16814202280

Don’t pay inflated prices for your gpu’s. With patience and luck you can buy them for msrp.
I purchased 6 1080’s last night from amazon
3 asus 1080 turbo for 530 each and
3 asus 1080 rog strix for 580 each.

They won’t be in for a week or two, to me that’s worth the wait.

Lol.  Isn't that the truth.

But you don't risk going to jail mining. Unless you don't pay taxes.

 Newegg has been high priced on the AMD side at least since this summer.
 Just not *AS* high priced as some of the gougers.

The last Nitro+ RX 580 8GB. I bought from Newegg was last month at $279, which is about what they had been going for from online retailers. I bought several others over the last 6 months from Newegg and others. The highest price I paid was $289. The current price is almost double what I last paid.

I don't sell cards at a loss.  Now I may count mining earned from cards  in order to say that  .

So you are correct if my cards commanded 350 plus 150 mining = 500 and I paid 560-590 for them I would not sell them.

I would lower tdp to the lowest possible number on every card I had to get cap power wise  and sell later.

Part of my business model it to sell cards off  1 or 2 times every year.  and always at profit not loss.

so  all 12  were  560-590 a card cost and I sold all 12  at 600 - 615  sold with free shipping  that is is a tiny profit under 20 a card so 12 x 20 = 240 and about 12 x 150 = 1800 for mining  total of 2040 -140 in power I made 1900 on the 12 cards.

I also paid with 6 months credit from paypal so  for 0 out of pocket I made the 1900.

risks are total collapse in price.  I have cash on hand to pay the 12 cards that were on  credit so that risk was small.

with 1900 net profit I can wait for a good price on me gear later.  while the 13 gpu rig continues to mine.

you cant even get the titian V right now.

how many 1080tis = 1 titan?

$3000 is alot for a card. I dont see it on whattomine, so its hard to say how much it could make me. I like to make educated purchases and really study and read reports before I spend alot.

If you've got the patience you should not be buying any price-gouged GPUs at all. Nvidia's webstore is regularly restocked with GPUs, though you have to be quick and it's limited to two cards per customer, and EVGA also occasionally sells GPUs at reasonable prices, near their MSRP.

Reddit's /r/buildapcsales is also another place you can go to for finding deals. It's even possible to set up alerts for posts about a certain GPU on the subreddit. Haven't seen many people mentioning this for finding GPUs before, but I've snagged many nice deals for GPUs from there.

I think we're all so spoiled after this crazy 2017.

when does nvidia site get restocked I put my  email on the list and they never email me. every single place I put my name on the list wont notify me

In my humble opinion, 10 month ROI isnt really that good if you consider that the equipments are on very fast depreciation schedule.

The ROI isnt as persistent as other types of investments, primary because mining causes standard computer parts to fail prematurely.

My X79 still runs fine after 8 years of service becase I only do web browsing with it, but...

The video cards in a mining rig may die in 1-2 years or less due to heavy cryptomining and/or faulty riser boards. tbh, I'm having some doubts about getting into mining.... jumped in when ROI was about 6 months.

How long ago did you sign up for notifications?

 If you manage to kill a GPU in less than 5 years of mining on it, you're doing it WRONG.

 I have quite a few cards that have been mining (or running the DNet client, which is also crypto work and JUST as intensive to the GPU) since the LITECOIN GPU mining days in 2013/2014 that are STILL mining away today.

 Do quit spreading the "mining kills cards fast" FUD lies.

Did you see that thread from the guy in CA that posted a screenshot his electrical rates?  I can't remember exactly the number of kwh that put him at high usage rates (it was pretty low), but one mining rig eating up 950ish watts plus his regular household usage was putting him at the high usage rate of over 0.30 per kwh.

The only place in the Continental US that can argue for high rates with the WORST California rates are in the New England states.
California does see a lot of variation on rates - the large urban areas like San Diego and LA are high but not insanely so, while the rural areas like the mountainous heavy wooded far Northern part of the state tend to be VERY high rates.

It says a lot that a lot of the hydro power produced in Central Washington is sold all the way to California - and that's it's STILL cheaper despite transmission costs than they can manage locally in most of the state.

I'm glad I live in Georgia USA.  My rate is .045 cents

5 years is quite impressive. Would you share some tips?

Im getting into a bit of issue. My gpu's quality seem to be quite different from each other, despite all being from the same maker and batch. Some would clock at a higher freq given the same voltage some would be a bit lower. Any tips on modding or controlling a rig with gpu's all clocked differently?

3 years i can see but 5 years lol no way

I guess I don't feel so bad.  I have a couple 570's that cost me $200 each, currently earning $2.25 - $2.50 per day (mining cryptonight algo) each giving about 80 day ( 2 1/2 months) ROI not factoring in electricity.  I have them undervolted drawing only 85-88 watts each.  So they are running cool and quiet with minimal cost.

I think it all depends on if you can keep them cool.  How many fans need replacing/rebuilding after 12 months on GPU's.  I've had a few that I had to replace fans because they just wore out.  I did kill 1 7950 because the fan went out and I wasn't monitoring it and it ran for a long time at high temps in the summer.  Heat and GPU's don't mix well.

How is it that everyone is using the term ROI so incorrectly? ROI = (Gain from investment - investment) / investment. The answer to that equation is not months, it's a percent. The time it takes to break even or recoup costs is not ROI.

The answer is very simple: at the end of the day you're still left with a high performance pc or pc parts that are easily resellable to gamers or video editing guys.

What you mine in between is just pure profit.

Yeah, fans definitely seem to be the weak link here. My Zotac mini GTX 1050 Ti worked just fine playing MechWarrior 4 Mercenaries for about 11 months (and yes, this 12+ year old game was demanding enough to cause the fan to spool up at times), then 1 month after I started using it to mine the fan died. Likely the fan was "one step away from the grave" right from the factory, but the fact remains it actually died not long after I started mining.

What are your numbers?
(Buying price and daily profit?)

well I just installed a rx 580 inside the same case as my 1070. The 1070 is a blower style fan that keeps cool at its overclocked speed

the rx580 dual fan by asus gets HOT its running at 76 C while my MSI aero 1070 runs at 65 C

the rx runs to hot, I can see why BOTH amd and nvidia are now putting in blower fans while the cheap after market gtx are using a cooling system that makes the entire PC hot

its this hot and its in middle of winter, I am seriously considering selling both 1070 and rx 580 and just getting 2 water cooled 1080tis and be done with it,

no more fans, no more fans breaking, no more worrying about the heat in the summer.

at this rate in the summer the rx 580 will die it just runs to hot



well the prices are very high now, I did make out good when I bought my PC for $850 on black friday my video card cost about that almost... it came with my 1070

but now im looking to sell it and go water cooled. no way will another dual or 3 fan card keep my system cool their design is crippled and the heat spreads out and into the case making it hot

I almost bought a msi 1080ti armor glad I didnt it would just over heat in the summer, im looking for a dual water cooled option for my PC

my reason being the heat  these fan cards produce and the prices for the crippled over heating old style fan GPUS are just way to high, and for a couple hundred bucks I can get water cooled, over clocked and never ever ever have to worry about summer heat .... for a couple of dollars more no fans no over heat im there once I research a little more

 ROI as "misused" in the cryptocoin mining industry is generally a time estimate to get enough payout in coin value to match the price of the hardware.
 DO keep in mind that most cryptocoin miners are not financial professionals or experts.

 It also tends to ignore the residual value of the underlying hardware - which in the case of ASIC miners wasn't a particularly bad choice as those often had very little value left by the time they have earned more than their own price, prior to the current 14/16 nm generation,

Capital recovery is the correct term

IMHO, the open-style fans are fine as long as you have an open frame mining rig and run an external fan perpendicular to it. The 10-14 inch fan adds an additional ~50W to energy cost but they work well to force hot air out thru the spacing between graphics cards where hot air gets trapped.

Ive noticed that even tho open-style fans have heatsinks that are designed to force hot air out thru either the back or front end of graphics cards, when you have 5-19 cards stacked in parallel the temperature kinda get a little bit higher going from the first to the last in the fan direction.

Out of curiosity,  how much is an RX580 expected to fetch on ebay in 2020 ?

Would like to be able to get some money back eventually.

Hopefully very little, which would be fair.  The only reason people are getting away with selling at such high markups right now is the shortage of gpu's from legit retailers. 

im shocked there isnt more water cooled options. thinking of making 2 PCs with water cooled 1080tis, so 4 1080tis in their case, sitting in a corner nice and quite. I can put them in different places. its easier for a pc to sit in a corner and nobody notices it, If I go on vacation for 2 months, I feel my water cooled GPU will be ok in the heat. hell I dont even have to leave a fan running! What do you think?

but I think the blower fans are like new tech, 1 fan does a better job in the case.

but then I dont know how these blowers will work when its 90 degrees out. the price of a regular 2 or 3 fan 1080 ti is as much as a water cooled one, I never had water cooled anything but if I had the money all my GPUS would be water cooled

https://www.youtube.com/watch?v=8s_je7-BIEc

im still seeing how I can do this with 2 1080tis water cooled but I dont want anything to break, I dont see many people mining with water cooled so Im a little cautious about spending on water cooled gpus


could I get 2 of these and put in case and not worry? They just have a fan I put them in and im golden?

https://www.youtube.com/watch?v=4ugGv0kw8pQ

with the water cooler solution, you will have one more thing to worry about.... what if the pumps fails or the pipes start leaking, then the rig gets taken out...

also please note that these rigs produce a lot of heat even in the winter. 60-70C is about 50-60C higher than winter ambient temperature, so with a rig of 5-19 cards, a lot of hot air will be coming out thru the metal heatsinks.

not really something you would want to put in your living habitat, whether its enclosed in a case or not.

Get me any real projects with 10 month ROI and I am all ears. People here just don't realize how hard it is to make money in the real world.

In my opinion, the water cooled cards are more expensive and I can't justify the price, when I can buy any other style card cheaper, and keep them cool.  Blower, or other.  I don't use computer cases though.  I use open air frames with six gpu's in each with a $15 usd dollar box fan on the back of each rig to blow the hot air off of the cards.  

You also have the worry of water leakage or the cooling system failing.  I had a friend was all about water cooling his gpu in his gaming pc, until he started having problem after problem with pumps.

I'm still testing solutions for removing hot air from my mining room.  I currently have a box fan in the window sucking hot air out, but I think I need a more powerful fan if I'm going to use that method when outdoor temps reach 90-100F in the summer.  Leaving the door open in my mining room also allows a lot of the hot air to move out of that room into the rest of the house (with mining room windows open, but we're talking 30-40F outdoor temps here right now.  We shall see.

Other options may be a ceiling exhaust fan to suck hot air out of the room into the attic.  Or a wall exhaust fan to suck hot air out of the room and push it into the house.  Or even a movable temporary solution of stackable box fans in the door way of the room to suck hot air out of the room into the rest of the house.      

everything is expensive right now, a fan style cost as much as a water cooled, why not get the water cooled? unless there are problems. Im going to get one, as I think its just better. All these fans and such and worrying about room and heat, are gone with a water cooled GPU. it might fail but so might a fan, and warranty is a warranty.

I wont even need to turn on the AC in my room in the summer and thats priceless, I can SAVE money on electricity just on that. Im going to buy one and then sell my 1070 now and get 2 1080tis with a 3 year warrenty. makes more sense as I bought my pc as an open box for $850 and I could get like $650 for my 1070

I thought about it long time and I think the best move.

100%++ p/a is a joke to you ? Really ? Well, go buy real estate then lol

Whatever you end up buying, just don't buy from resellers.  You pay way too much going that route.  And that NewEgg link you posted in another thread is a reseller, not NewEgg.

Water cooled are USUALLY more expensive - but with the crazy gouge pricing and extreme shortages that's not always the case right now.

 They ARE a good choice if you insist on mining in a hot + humid area where evap coolers don't work, since you CAN keep them cool easily and cheaply despite the humidity - otherwise when prices are normal I don't think they're a good choice.

I just realized the prices are high because amazon and ebay aren't allowing regular people to list these items.  I want to sell a 1070 but amazon requires written letter from the brand authorizing you as a reseller and ebay only allows established sellers to sell for over 500. 

This essentially weeds out all of the people who just want to sell their items and eliminates compeition leaving the price gougers free to charge 899 for 1070s.

Amazon gates some brands and not others. That is across the board on Amazon, not just GPUs. Depends on the brand. Amazon has better pricing on GPUs than 3rd party sellers on Amazon.

 That's weird, I never had an issue like that back when I sold via Amazon.

Certain categories required different authorizations. I've had to get different docs authorized over the years for different accounts to sell different things. It's not that hard and at the end of the day they can all be doctored anyways. Also obviously someone who isn't me has around 25 different ebay accounts, to get by their new seller 500 limit just call in if you have all the seller info they remove the lift for you.

Personally I'd just spend a few hundred bucks get a high limit ebay and verified paypal account. No fussing around with their stupid policies and their bullshit. Also no Tax implications. and again, of course I would never do something like this.

Based on past experience with them I refuse to have anything to do with Paypal for ANY reason.

I was a member of the "class" in the FIRST class action lawsuit against Paypal, they're current in discovery phase on a SECOND class action lawsuit over the SAME ISSUES, despite the consent decree they signed agreeing to FIX those issues that was part of the settlement of the FIRST lawsuit.

ebay also announced recently that they were discontinuing Paypal services (they already spun Paypal BACK OFF AGAIN), I strongly suspect it's due TO the issues that are likely to drive Paypal into long overdue bankrupcy.

Until eBay drops Paypal entirely (they STILL used them as their primary and sometimes FORCED payment processor), I also refuse to have anything to do with eBay.


 Not really a point for me any more though, I prefer to sell local and Craigslist is a far better option there.

Just got back from microcenter they are selling 1080tis with fans for $950.
I got my water cooled for $950 I have my water cooled card

I think the water cooled will stay cool in the summer and I won't need to fan them

I think I got a great deal. Considering everything

What do you think of the hydro copper cooled 1080 Ti's?

Way too expensive IMO, though if you're somewhere that is VERY VERY HOT and VERY humid they might make sense.

What coins would you mine with the 1080Ti ?  Presently, I dont see how that card is being viable compared to other cards?