Planning to set up a mining rig. But how?

[PurpleDog]

I have 2000 eur and instead of buying more cryptos I'm thinking of trying to set up a rig for mining LTC or ETH or Monero or whatever would be more profitable.

I'm thinking of going for a rig since the L3+ is out of stock and the Innosilicon A4 Dominator has a minimum order quantity of 5. Let alone that it will be shipped from outside europe, adding customs costs.

I'm a total beginner and here are some beginner's questions:

a) What do you suggest I should mine?
b) What (specific) parts should I buy?
c) Are there good instructions for the hardware and software setup?
d) What is the expectation for ROI (with either cheap or no electricity costs) ?

Thanks!

[Jdope]

I'd buy a 6-7 gpu motherboard (asrock h81 pro btc seems fine), cheapest processor and ram i can find and an old hard drive. if electricity costs are not a problem i would get R9 390 or r9 290 if you can find them used at cheap prices (sub 200 euros) or some gtx 1070 (if they are sub 400 eur) or for a final choice gtx 1080ti. according to whattomine an R9 390 should get you around 2$ per day, so thats a ~100 day roi, a 1070 is about 2.13$ per day and a 1080ti should get 3.7$ a day, fastest roi would be the r9 imo. Also if you can get your hands on cheap rx 470s they would roi pretty quickly too.

[pigfrown]

The /r/ethermining subreddit has a good wiki for mining ethereum, but it applies for all GPU minable coins.

https://www.reddit.com/r/EtherMining/wiki/index

[carlfebz2]

I have 2000 eur and instead of buying more cryptos I'm thinking of trying to set up a rig for mining LTC or ETH or Monero or whatever would be more profitable.

I'm thinking of going for a rig since the L3+ is out of stock and the Innosilicon A4 Dominator has a minimum order quantity of 5. Let alone that it will be shipped from outside europe, adding customs costs.

I'm a total beginner and here are some beginner's questions:

a) What do you suggest I should mine?
b) What (specific) parts should I buy?
c) Are there good instructions for the hardware and software setup?
d) What is the expectation for ROI (with either cheap or no electricity costs) ?

Thanks!

Partitioning up that budget I would go for 7x rx 470 and that would be sufficient enough to mine altcoins which would give you somehow a good hashrate that can able to roi up 90 days and up depending on which coin you do really love to mine. In that set up you can mine ETH having a $20 a day estimation.

[Brilliantrocket]

RX 580 AMD Cards would generate more profit with modded settings.

but they are not easily available in market. try to check on newegg site

[kuttysark420]

yeah SOME amd cards are slowly stocked off and on... try checking local retailers if you have them in your city

[BennyT]

I've built a few. It always depends on price of what's available. Knowing what I know now I would build my next rig with 8 x 1060 3gb cards. Where I live those are on sale for great prices. Half the price of 1070's for 70% of the performance. It's a no brainer.

[xs.over]

Monero mining profit is in deep ass due to huge difficulty jump (due to large botnets and aws-thieves), so I don't think what monero it's best choice for GPU mining

[addias]

Honesty, you should do a lot of research before investing into a rig. The hardest part will be finding the hardware that you need. YouTube is a great source for information on building the rig. Have you ever built you own PC? Do you or do you know someone who has computer building skills? There are a few questions that you have to ask yourself.

[jedigeiss]

actually right now i would go with the 1060 3gb (they are going here for smth round 200+ euros) and a quite good in h/w.
but if you are not in hurry wait and see what the new AMD Cards are going to do to the market, they are coming out quite cheap at 499 and 399 dollars and will for sure make the market move.