Bitcoin Forum

Hey guys
actually i am preparing my first small mining rig but my budget is kinda low..
soo i need suggestion on which gpu i should buy. i am from india so online prices are ridiculously high
the best prices i can get from local market is

nvidia gtx 1080ti 11gb - $1191
nvidia gtx 1070 8gb - $641
nvidia gtx 1060 3gb - $290
nvidia gtx 1050ti - $213
nvidia gtx 1050 2gb - $152

amd rx 580 8gb - $412
amd rx 570 4gb - $400

My max budget is $2100 for gpu

what will be your pick in this budget with these prices for maximum profit and future proof ?
Well electricity cost here is $0.07 kWh

Depends, what are you planning to mine?

(All the rates i'm posting are stock and not overclocked)

If you're going to mine ETH, the best bang for buck would be the AMD RX 580 - it gives you around 22 mh/s, your next best bet is the NVIDIA 1070 - gives around 27 mh/s.

I would recommend you go with around 4x RX 580's (don't forget you still need a MOBO, PSU, GPU risers, etc), so take that into account.

I would personally go for 4x or even 8x rx 580's.

You might want to check out these tools to help you decide:

• https://www.coinwarz.com/cryptocurrency/coins
• https://www.miningbenchmark.net/

Go with AMD RX 580 it's has lower price than gtx 1070. It's the best choice than NVIDIA except you want to play game too.

this topic is in the wrong section, you should write this topic in Mining (Altcoins) (https://bitcointalk.org/index.php?board=160.0). if you don't know how to move a topic you can see this a picture:

https://i.imgur.com/bgBtw4P.png

then click the drop-down and select the Mining (Altcoins)

I still not decided what to mine just confused.. I heard in a long term basis Nvidia cards are better because of many supported algorithms

And my budget is $2500
Soo I can buy x5 rx 580's or 3 gtx 1070 and rest $400 for other parts(GPU, Mobo, etc)

Btw thanks for the quick reply 😉

With that price list, I vote for RX 580 8GB. I own it, strong enough in a few algorithms, and of course more tweaker friendly. Can compare it to 1070 when both tweaked.

Check also ascic library.

mate, I'm sorry, but where do you live?! the prices you've posted seems pretty high, I'm not sure that it is wise decision to buy cards on such high prices..
believe me, the prices well be cheaper very soon, it is happening already..  so for example gf 1080ti normal price in us about 800$, not like $1100 which is really high.. and same with gf gtx 1070, good price for it about $420-450

I just checked with another seller and yes the 1080ti OC I can get for $813
And rx580 8gb OC at $398 and used ones for $300

Btw I live in india

Get the Rx580 so you can buy up to 5 of them with your budget and later add another one with your earnings probably after 2-3 months.

Get these cards as they are more verstile than the nvidia counterparts and are more efficient in ethereum and ethereum based coins. They are also better mining Monero. Nvidias are better in Equihash and Neoscrypt.

I would not buy now with new nvidia gpus comming and all the asic popping up.

But my experience would suggest 1060 as the power efficiency is better than amd. You get more hash power for the same amount of money compared to 1070. Even the 6gb is beter that  1070

I completely agree with this guy. Not advisable to buy GPUs this late. There is the threat of ASICs (for Ethereum and other algos/coins), the upcoming ETH switch to POS (end of mining), and more. Basically the risks are stacked against you at this point.

Unless you already have the hardware, it may no longer be wise to start mining today.

Okay, soo I was gonna do some gaming in free time.. also
And some mining to get some coins .. what if I buy 2x 580s for a bit gaming and some coins and save rest of the money and wait for new Nvidia cards.. and buy them for mining I heard it's only 1-2 months away.. 🤔🤔
Will it make sense ?

Yes that would make sense especially now that Nvidia may release their new cards in June the 2080 but they will be expensive.

If you have made your mind up that you want to start mining why not buy any of the new cryptonight asics that are power efficient and have good profitability, I dont know how long this profitability will las though as with other asics as l3+ lasted only 2-3 months.

These asics will be out in may I heard and some in April from different companies.

1060 have best roi for your prices, and rx 580 8gb good too. 1070 and 1080ti have bad times for now, and cost too much for its profit

Yes we have Amazon . In  and the best price on online store we are getting is around $800...!!! Same with ordering from US sites since import duties are damn High.. on $550 card they are charging $229 import fees.. !! Jesus

is Mining still relevant?)))

It is if you are mining for long term and don't want the quick buck and taking a long time to Roi doesn't bother you at all because you see mining as a hobby which in the future can also give you profit.

If you ask because you want some quick profit then mining is not relevant.

Prices are too high, I do not recommend to buy at such prices. Best option in your list is rx 580 13.73$/hash in eth.

That is a horrible price for a 1080ti 11gb. I wouldn't pay more than $750 for a 1080ti, so that's about $400 too expensive and ROI will be ridiculous for that kind of price.  From that list, it looks like your best options are either RX580, or 1050TI in my opinion. I would honestly search for a better price of 1080ti's though, because that would be the card to go for if you can manage it. The price on these cards seem so arbitrary and you should probably expand your search.

Mining different coins require different GPU. So you should think which coin you want to mine first

Hey, 
Thanks for the suggestion sir , today I checked with another seller and I can get 1080ti OC version for around $800
Buy as you said ROI will be too high.. I am thinking to get ×2 580s and save rest of the money and hold it for another 2-3 months and wait for new Nvidia GPUs to show..if I can get a hands on them otherwise will keep searching for 1080ti below $700 maybe

Actually a 1080Ti earns about as much as 2x 580, maybe slightly less.  At $800 the 1080Ti is the best buy on your list.  But I agree with others that now isn't a great time to buy new gpus for mining.  Next generation of gpus is around the corner, and altcoin prices are relatively low.

The GPU of choice will depend on the altcoin that you would mine. If prices is not a concern I would definitely suggest the GTX 1080 or a AMD RX Vega 56, but I would highly doubt that you can get it below $500 as most prices of both GPUs is around $700. For now budget wise I can recommend the GTX 1060 6gb since it is priced well in the GPU market with a good performance, the issue her is that the GPU memory which will affect hash rate as some algorithm prefers different memory depending on the manufacturer. 

It's obviously relevant.  How else do you think a POW network is secured?

You mean algorithm right. All the time you will not find the difficulty on each crypto. It will changes as the price bumps and dumps in the market. This is happening because of the miners who are been part of mining on various coins mate.

Moreover when you want to buy the mining card, you please buy the card which can able to give more hashes and that card is from Nvidia brand. Then it is much to invest your fund over there. Else you cannot all these thing you please buy and hold the coins for more years.

Thanks everyone for helping me out...

I just end up buying a AMD Rx Vega 56 for $621.. they only had a one piece in-stock soo I think I made a good decision

It only has a single fan.. 😐is it really enough to cool down this GPU ??

Well you will find that soon enough ;D It depends mostly from your air flow in your pc case and how much undervolting you apply to it and also what algo will you mind with it,with cryptonight you should be safe in any case

By single fan do you mean that you bought the reference edition? The black blower type one like in this photo:
https://gaming.radeon.com/wp-content/uploads/sites/7/2017/07/rx-vega-56.png

If so, just make sure you follow the VEGA mining guide by hellae which is linked below. Modding your VEGA for optimum power consumption and heat is crucial.
https://www.reddit.com/r/MoneroMining/comments/74hjqn/monero_and_vega_the_definitive_guide/

Hellae rocks!  I used this guide when I was setting up my first Vega's last year.

http://vega.miningguides.com/

He references some of what is in Hellae's guides.

$621 for a Vega 56 isn't too horrible considering the recent XMR fork.  I paid $500/gpu for my XFX Vega 56's at the end of November 2017.

Where do you live in India (city) ?

Why don't you wait for the new GPU that have been rumored to be out soon.
The hasrate must be faster, but the price must be will be higher that the current release.

I can say for sure that buying a 1050 and 1050ti this is a very bad investment of your money, 1060 3 GB is not always good, the rest can be use, a lot depends on who made the card

If you buy GT 1080ti and mine other coins, you may luckily get roi in 1-2 months but currently your max profit daily is 3.58 on whattomine.com (once it was more than 10$ for 2 weeks).
RX580 is great if you don't like risks and prefer stable profit but I suggest you to get RX580 Sapphire nitro edition, this is considered as a best rx580. I have heared that armor version is cheap but very bad in cooling and hashrate too.
Also consider that bitmain is going to release asic for ether, it may change the game.

Wrong. I have a 12*1050ti rig which gives 190 mh/s stable on eth. Also due to my tower frame, it takes less space then a average 6 gpu rig. It all depends on what price you are getting the card.

NOPE GEEE WE NEVER THOUGHT OF THAT, LETS CLOSE THIS WHOLE FORUM SECTION LOL

Uttrakhand

It is better to wait until the new nVidia cards out in the next few months. They will be more efficient.

Yes.. right now I decided to mine crypto algo.. when the new GPU comes out.. I will look into it.. otherwise I will try to get 1080ti or rx 580 at reasonable prices

And about bitman Asics I saw someone saying it will be coming in November 2018 😕

my goal is to buy 2 to 5 gpu prr month, 2 vega 56 for cryptonite and thre rx 570 8gb

I grabbed 3 of the new 570s msi flavor with backplate for 325 each

I had one already and it stays hella cool and hashes eth at 31mhs cryptonite at 860!after mod

They will probably be nigh unobtainable for most people.  At least for a while.

Don't know when it will come and details related to it, have no idea how the hell are they developing asic miners for ether but it can absolutely change GPU mining of ether, just look what they did to siacoin.
See detailed information about mining with these GPU's on 1stminingrig.com it's very useful.
http://1stminingrig.com/nvidia-geforce-gtx-1080-mining-performance-review/
http://1stminingrig.com/are-the-rx570-and-rx580-profitable-mining-performance-review/

Why do you say that?  I'm sure they've been manufacturing them for months.

The problem with your argument is that it doesn't take into consideration power consumption and the long term costs. Consider the following ETH mining example:

12 pcs 1050ti  mining at 15 MHs using 50w each will give you a total of: 180 MH for 600w
08 pcs 1060    mining at 23 MHs using 75w each will give you a total of: 183 MH for 600w

Which is more efficient? Also, it gives you more density to your rig. You won't need to buy multiple motherboards, SSDs, RAM, etc.

My 1050ti gives 15.9-16 MH (190 MH).
Secondly 1060 is heavily dependent on the silicon lottery. I have 12 of them and only one has Samsing memory.  No matter how much you oc them at best you will get 19.5 MH out of them.

Hello! I'm also a beginner in this "mining thing", but I recently did my own research and I found very useful info right here (https://cryptoorders.com/articles/complete-guide-bitcoin-mining/). Hope it was helpful to you, too!