deadsix (OP)
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December 04, 2016, 08:45:10 AM Last edit: July 27, 2020, 06:19:01 AM by deadsix |
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Hi All, I've been into mining for a while, started with Ethereum in August this year post the introduction of the RX 470 cards, which is the first time mining at India's temps and electricity costs made sense. I have already almost recovered my initial investment, and am bullish on the future of crypto currency mining. I grew my personal setup to 1000MH/s at which point I hit the electrical capacity of my current apartment. So I began building rigs for other people. I have sold a few Rigs in Bangalore and in Delhi. I use Bios Mods and Voltage tweaks to keep power consumption to under 100W per card while getting 25.5 Mh/s (Eth) or 170 Sol/s (Zec). I use ONLY Sapphire RX 470 4GB cards, and ONLY Corsair Gold PSU's. I have an assortment of aluminium/wood open air frames for 4,5 or 7 card setups. I also have larger dual frames, which can hold two of these setups in one frame for 8, 10 or 14 cards. I prepare these setups per the target power capacity and electrical plug quality. I do not recommend anything over a 10 card setup for a single outlet, unless its a high capacity Power outlet. My cost structure is simple : 25k per card. So a 4 Card Rig is 100K, a 5 Card Rig is 125K, a 7 card Rig is 175K and so on. These prices are non negotiable unless you are placing a large order, in which case I may be able to negotiate a better price from my supplier and pass that benefit on to you. The only payment option is direct bank transfer, and you will be transferring money directly to my supplier. He will issue all component bills in your name, and future warranty related claims are to be settled directly with him so I suggest you keep the bills safe. Once my supplier receives the payment and confirms it to me, I will get to work on the Rig, and usually take 2 days post money transfer to get the Rig ready. For this price I offer a set of compatible parts assembled in a frame with Windows 10 and the relevant Mining software and settings pre installed, and setup to mine automatically when powered on, and to resume mining incase of power failure. The Rigs are pretty much plug and play as long as you plug in power and an ethernet cable. I also offer WiFi connectivity at an additional cost of 1k per rig. Here are some images for reference : ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FvRag5jX.jpg&t=665&c=bFLMRBy0ayYJSQ) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRImmRfC.jpg&t=665&c=RdKr5kALJHYZ3Q) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7QVJKT8.jpg&t=665&c=FjUPuDfNkKC3yA) Please bear in mind, I do not earn much from this hobby, and do it primarily because it interests me, and i'd like to see the Indian mining scene grow. Availability/sourcing issues mean that some components keep changing, but here are the common staples : Sapphire RX 470 4GB OC ( Ref design ) Corsair CS750M or RMi1000 power supply 4GB Ram ( DDR3 or DDR4 depending on setup ) 120GB SSD CPU + Motherboard - keeps changing based on availability Phillips surge protector Open Air Wood/Aluminium frame For an additional cost, I will provide smart power strips (smarteefi) for remote management. I will give you a brief lesson on Mining if you purchase a rig from me, but I do not offer post sales support. I do not ship to other locations ( shipping a few Rigs to Delhi taught me its too much of a hassle ) and I sell locally in Bangalore Only. If interested, drop me a msg at 8971925897 mentioning that you read this at bitcointalk forum, and I will respond. please do not call, as I do not receive calls from unknown numbers.
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eaLiTy
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December 04, 2016, 08:09:20 PM |
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That is a good mining rig you got there and good job buddy on building the rig ,i would like to know a few things,whats the normal electricity charges you could get if you are mining with 4 cards. just want to know to make some calculation to know whether it is feasible for me to get the cards.
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deadsix (OP)
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December 04, 2016, 08:14:38 PM |
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That is a good mining rig you got there and good job buddy on building the rig ,i would like to know a few things,whats the normal electricity charges you could get if you are mining with 4 cards. just want to know to make some calculation to know whether it is feasible for me to get the cards.
Assume around 100W per card with my settings, so 450W for the total system factoring in PSU efficiency drop. That would translate to about 11 Units of electricity (KWH) per day. Do the math based on your electricity costs.
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eaLiTy
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 04, 2016, 08:24:32 PM |
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That is a good mining rig you got there and good job buddy on building the rig ,i would like to know a few things,whats the normal electricity charges you could get if you are mining with 4 cards. just want to know to make some calculation to know whether it is feasible for me to get the cards.
Assume around 100W per card with my settings, so 450W for the total system factoring in PSU efficiency drop. That would translate to about 11 Units of electricity (KWH) per day. Do the math based on your electricity costs. How much are we able to mine with these and as per the calculation right now i am using around 800 units per month and an additional 450 units for the mining rig could be a lot more and will it be profitable for me or just a waste of space. whats your genuine opinion about it as i am not having experience running the rigs.
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deadsix (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 04, 2016, 10:41:55 PM |
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That is a good mining rig you got there and good job buddy on building the rig ,i would like to know a few things,whats the normal electricity charges you could get if you are mining with 4 cards. just want to know to make some calculation to know whether it is feasible for me to get the cards.
Assume around 100W per card with my settings, so 450W for the total system factoring in PSU efficiency drop. That would translate to about 11 Units of electricity (KWH) per day. Do the math based on your electricity costs. How much are we able to mine with these and as per the calculation right now i am using around 800 units per month and an additional 450 units for the mining rig could be a lot more and will it be profitable for me or just a waste of space. whats your genuine opinion about it as i am not having experience running the rigs. about 25.5 MH/s per card, so 4 cards give you around 102 MH/s. use any ethereum profitability calculator from there.
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Sahyadri
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December 06, 2016, 02:33:03 AM |
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Considering a 4 card setup mining ZEC
Equipment cost = INR 1,00,000/-
Power consumption = INR 3,000/month
ZEC earned = INR 9,000/month
Monthly earning = INR 6,000/month
considering a 12% interest on initial investment it will take 18 months for ROI if difficulty and ZEC/INR rates remain stable.
please correct if I have miscalculated anywhere.
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deadsix (OP)
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December 06, 2016, 02:24:43 PM |
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Considering a 4 card setup mining ZEC
Equipment cost = INR 1,00,000/-
Power consumption = INR 3,000/month
ZEC earned = INR 9,000/month
Monthly earning = INR 6,000/month
considering a 12% interest on initial investment it will take 18 months for ROI if difficulty and ZEC/INR rates remain stable.
please correct if I have miscalculated anywhere.
Zcash Profits would be around $3 per day at today's rates which comes to about $90 per month, so you calculations are pretty accurate (slightly lower for Eth). Mining profits have crashed drastically over the past couple of weeks, and it does not look like a sound investment anymore, I would not recommend getting into the mining game right now. However I am hopefull that Ether price will recover from the rock bottom it has hit. Zcash may not, but with block rewards growing it can gain profitability nonetheless. A lot of people are buying these coins right now betting on their future. Lets see if things improve in the next couple of months.
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newinbtc
Legendary
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Activity: 1190
Merit: 1001
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December 06, 2016, 03:24:08 PM |
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Considering a 4 card setup mining ZEC
Equipment cost = INR 1,00,000/-
Power consumption = INR 3,000/month
ZEC earned = INR 9,000/month
Monthly earning = INR 6,000/month
considering a 12% interest on initial investment it will take 18 months for ROI if difficulty and ZEC/INR rates remain stable.
please correct if I have miscalculated anywhere.
What if Electricity cost Become 2 rs Per unit.... This is possible in India only People who have links in Government Firms or Big industries who provides rooms for employees for low minimum rates... here where i am living i have seen many people consume lot of electricity.... We can contact that room owner and save 2500 per month + we will get room for live or another idea A hostel student can use this because Bill will be paid by College ....
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deadsix (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 06, 2016, 05:37:03 PM |
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Considering a 4 card setup mining ZEC
Equipment cost = INR 1,00,000/-
Power consumption = INR 3,000/month
ZEC earned = INR 9,000/month
Monthly earning = INR 6,000/month
considering a 12% interest on initial investment it will take 18 months for ROI if difficulty and ZEC/INR rates remain stable.
please correct if I have miscalculated anywhere.
What if Electricity cost Become 2 rs Per unit.... This is possible in India only People who have links in Government Firms or Big industries who provides rooms for employees for low minimum rates... here where i am living i have seen many people consume lot of electricity.... We can contact that room owner and save 2500 per month + we will get room for live or another idea A hostel student can use this because Bill will be paid by College .... Haha a distributed network spread across a hostel could work well. Especially since these mining rigs can be used as fully functional computers, even play games while they mine. I had also explored renting out these systems to startups for negligible fee with the condition that they would need to insure 24/7 power and internet, but it needed too much initial investment for me to get into. I do know a few people in Bangalore itself that pay a fixed amount for electricity, and for such arrangements mining rigs are pretty lucrative. Don't say this can happen only in India though, most of the worlds renewable electricity supply is dirt cheap, like hydel power plants etc. Toonim brothers, who operate a large mining facility, are located next to a Dam/Reservoir and have dirt cheap electricity. Most of the Chinese operations rely on dirt cheap/free electricity, and over 70% of the worlds hashing power is located there. Anyways, I'm still bullish on Etherium, but a little unsure of Zcash. I'll be mining and holding for a while, im in for the long haul. Remember those stories of people who had mined a 1000 Bitcoins and held them, then the price broke $1000? A million dollars from a few PC's running unattended. That's the dream.
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deadsix (OP)
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December 11, 2016, 10:28:00 AM Last edit: January 07, 2017, 09:54:35 AM by deadsix |
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ETH Price recovering fast. Profitability up to $1.1 per card per day, ROI down to 11 months and reducing.
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deadsix (OP)
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January 07, 2017, 09:54:25 AM |
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And its finally back to the old levels, ETH is highly profitable and ROI for these mining Rig's ( without factoring in resale value) is down to 8 and getting better by the day ...
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coltarlaza
Newbie
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January 08, 2017, 09:13:56 AM |
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And its finally back to the old levels, ETH is highly profitable and ROI for these mining Rig's ( without factoring in resale value) is down to 8 and getting better by the day ...
Hi , I am interested in building my own rig . I have a hard time finding the GPU riser cable and I am not sure about the Asrock motherboard as well . It's not easily available , I have to do a lot of research on that though . I was thinking of building with 2 perspective mining / gaming . So , I come to an conclusion . I don't know whether I am doing it right or wrong please suggest . Motherboard - Gigabyte ZOC force RAM - 32 GB 4 Graphic card - Sapphire RX 480 8 GB ( I am using 4 cards because It allow me to use that " no's " only ) CPU - i7 6850 k psu - 1200 i ssd - 500 GB the cost have gone beyond the normal and with corsair cabinet and I don't know if i am able to get ROI on this or not . My main motive is to mine altcoins no specifics but i am not interested in ether as well ( because of hard fork and . I find zcash more interesting What kind of motherboard you are using and what do you suggest on my setup
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deadsix (OP)
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January 08, 2017, 12:06:19 PM |
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And its finally back to the old levels, ETH is highly profitable and ROI for these mining Rig's ( without factoring in resale value) is down to 8 and getting better by the day ...
Hi , I am interested in building my own rig . I have a hard time finding the GPU riser cable and I am not sure about the Asrock motherboard as well . It's not easily available , I have to do a lot of research on that though . I was thinking of building with 2 perspective mining / gaming . So , I come to an conclusion . I don't know whether I am doing it right or wrong please suggest . Motherboard - Gigabyte ZOC force RAM - 32 GB 4 Graphic card - Sapphire RX 480 8 GB ( I am using 4 cards because It allow me to use that " no's " only ) CPU - i7 6850 k psu - 1200 i ssd - 500 GB the cost have gone beyond the normal and with corsair cabinet and I don't know if i am able to get ROI on this or not . My main motive is to mine altcoins no specifics but i am not interested in ether as well ( because of hard fork and . I find zcash more interesting What kind of motherboard you are using and what do you suggest on my setup If you are purchasing a Gaming PC, then getting components that can be used for Altcoin mining is a good idea. But if your primary objective is to mine altcoins, and play some games then this configuration is WAAAAAY too high end. You could get a 7 card mining rig for the same price, which would be pretty capable in gaming as well. You do not need an i7 CPU, and the RX470 4GB is 95% the performance of the RX480 8GB for 70% of the price so get those instead. Also you would need a full tower cabinet from a reputed brand like corsair as you mentioned, which has atleast 8 pci slot room. ROI scales with the number of graphics cards that you have, so spending on other components for mining is a bad idea. Also, you can get Risers on amazon and ebay. i buy in bulk so I import from aliexpress. Like I mentioned, if you are in Bangalore, you can get a mining setup from me, prebuilt. If you are not in Bangalore, I am working on Enclosures for 5-7 card setups which are about the size of a PC Cabinet, and I will be able to ship systems in it. I will be posting pictures of that enclosure soon.
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coltarlaza
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January 08, 2017, 12:16:42 PM |
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can you let me know , what kind of motherboard i can use in this , which will be easily available in the market for the purchase ! and about the RX 470 4 GB graphic cards ---- are you talking on the basis of ZEC / Eth because I am not interested mining in Ether at all . They have been hacked twice , which cause the birth of Ether classic and Hard fork ( Ether was the first one I believe to get to the point of hard fork ) So , I will prefer Dash , Zcash or any other . And its finally back to the old levels, ETH is highly profitable and ROI for these mining Rig's ( without factoring in resale value) is down to 8 and getting better by the day ...
Hi , I am interested in building my own rig . I have a hard time finding the GPU riser cable and I am not sure about the Asrock motherboard as well . It's not easily available , I have to do a lot of research on that though . I was thinking of building with 2 perspective mining / gaming . So , I come to an conclusion . I don't know whether I am doing it right or wrong please suggest . Motherboard - Gigabyte ZOC force RAM - 32 GB 4 Graphic card - Sapphire RX 480 8 GB ( I am using 4 cards because It allow me to use that " no's " only ) CPU - i7 6850 k psu - 1200 i ssd - 500 GB the cost have gone beyond the normal and with corsair cabinet and I don't know if i am able to get ROI on this or not . My main motive is to mine altcoins no specifics but i am not interested in ether as well ( because of hard fork and . I find zcash more interesting What kind of motherboard you are using and what do you suggest on my setup
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xinzark
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January 08, 2017, 02:28:05 PM |
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The price for Asus rx 470 is 16000 inr at Amazon. So i don't understand why you are selling used rigs for 25000 ? Or i am missing something ?
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soyab0007
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2017, 07:05:15 PM |
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what will ur setup charge, if I provide you all the components?
As I can get Sapphire RX 470 4GB or 8GB version in less than $200
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deadsix (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2017, 01:06:14 PM |
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The price for Asus rx 470 is 16000 inr at Amazon. So i don't understand why you are selling used rigs for 25000 ? Or i am missing something ?
That's Amazon global easy buy price, and that's without warranty. You can however get these cards for around 16.5k with Indian warranty at your local IT hub ( SP Roard, Nehru Place, Lamington road etc). I don't get what you mean by "Selling used rigs for 25000" ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Did'nt you read the post? I make these on order, and you get bills for all components. This listed price of 25K per card doesn't mean i'm giving you a 16,5k graphics card for 25k lol. Its an oversimplification of the cost of a system based on the number of cards in it. For example, a 4 Card Rig has a Motherboard, Ram, CPU, SSD, Power Supply, Wood/Aluminium Frame, Powered Risers, ethernet/wifi adapter and cable, Surge protector AND the 4 cards, assembled on to the frame. Then comes the software that it comes preloaded with, which is scripts for automatic mining, and resuming incase of power failure, for setting graphics card overclocks/underclocks on each boot depending on the coin being mined, Bios modifications for the graphics cards to increase their performance ( stock RX 470 does 21 mh/s in eth, bios modded RX 470 can do 28+ ). Ofcource none of what I do is rocket science, and all related information is available on this very forum if you look hard. I just do it for you if you aren't that technically inclined, or don't have the time on your hands.
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deadsix (OP)
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January 09, 2017, 01:10:33 PM |
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can you let me know , what kind of motherboard i can use in this , which will be easily available in the market for the purchase !
and about the RX 470 4 GB graphic cards ---- are you talking on the basis of ZEC / Eth because I am not interested mining in Ether at all . They have been hacked twice , which cause the birth of Ether classic and Hard fork ( Ether was the first one I believe to get to the point of hard fork )
So , I will prefer Dash , Zcash or any other .
Hey mine what you want, totally your call. For Zcash Nvidia cards are better, so GTX 1060 3gb would be the most value for money option for Zcash as it does a little better than RX 470. Or if budget isnt an issue, even the GTX 1070 cards. For motherboard, you can look at the Biostar GT7 Z170 motherboard, perfect for 4 cards.
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deadsix (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2017, 01:11:58 PM |
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what will ur setup charge, if I provide you all the components?
As I can get Sapphire RX 470 4GB or 8GB version in less than $200
For one Rig, my setup charge for you is get me two RX 470 8GB cards for under $400 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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soyab0007
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2017, 01:26:05 PM |
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what will ur setup charge, if I provide you all the components?
As I can get Sapphire RX 470 4GB or 8GB version in less than $200
For one Rig, my setup charge for you is get me two RX 470 8GB cards for under $400 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Here is the link http://www.newegg.com/Product/Product.aspx?item=N82E16814202230Price $170 + customs wont be more than 3.5k Hope you can calculate the rest
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