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Author Topic: The Future of GPU mining  (Read 1886 times)
shadowhlohavec
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January 28, 2017, 08:55:41 PM
 #1

Hello, I and my friend decided to start mining a few months ago, we have successfully constructed small rig

Now we are considering to make it bigger and invest some money to our project - Futuros_X

One guy contacted me that he has HW directly from suppliers for discount prices,

He offered us this rig:
ASUS AM1M-A
AMD Sempron 2650
3x Sapphire Radeon RX 470, 4GB GDDR5
ADATA Premier Pro SP600 - 32GB
EVGA SuperNOVA 650 G1 650W
Kingston Value 4GB DDR3 1333
Microsoft Windows 10 Pro CZ 64bit DVD OEM
+construction
+risers
+moded bios
+waranty for 2 years on all components

for 888€


Power consume of this rig is:
430W - eth
395W - zec
365W - xmr

But we would like to combine it with Burst mining and replace the 32Gb ssd for 2Tb hdd (price difference is only 5€) + buy some external hdd and replace the cpu with 4core, to be able to handle dual mining (10€+)

We want to realise this project during next summer, so maybe the prices of hw will go a bit lower

- The electricity costs will be approx 0.11$ per kwh (night stream + day stream average)

- The ROI of this project is approx 380 days

But there is the question... This is long term project and we must be sure that it will be always profitable with the 0.11$ per kwh...
what is the future of gpu mining? Do you think there will be profitable coins to mine with gpu also 2 or 3 years later? Is it worth it to buy 3 rigs for 2500€?  Grin

Thanks for your ideas

(Project Futuros_Y - use solar panels, big invest but long term big profit)

Transparent and stable investment asset Futuros - crypto mining,trading and lending, more info here - http://projectfuturos.com/,https://forums.burst-team.us       -Currently running on Burst Asset Exchange
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Etherion
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January 28, 2017, 09:04:43 PM
 #2

Forget about ROI. It will not ROI every. You might get close when you sell the hardware.  You will learn a lot about hardware and the crypto world. Enjoy your journey but do not think you will see much of your investment. Do not do this if you need the money for something else.
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January 29, 2017, 02:40:38 AM
 #3

makes more sense to me to use a different platform which supports 5+ cards per rig, spend less on rigs more on gpus
w10 is pointless if you are being charged for it, linux or w7 is better, and linux is (legally) free

nobody knows if mining will become more or less profitable in the long run. there is a risk. or else anybody who can assemble a computer would be mining



Altcoining
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January 29, 2017, 02:52:41 AM
 #4

Risers = $18/ for 3
3 470's = $540
Mobo + CPU ~$100
32GB SSD = $25
650W EVGA = $70
OS: Free, if you pay for this...  Lips sealed
4GB RAM = $15
Moded BIOS: Usually free.
Case: $35 if you have the tools, $80 if you pay someone.
Total $803 USD or 776 euro's.
bathrobehero
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January 29, 2017, 04:10:41 AM
 #5

If you don't know when you'll be reaching ROI you should either
- stop bothering with mining or
- researching more until you know what to mine.


RIP Bittrex
shadowhlohavec
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January 29, 2017, 12:42:51 PM
 #6

If you don't know when you'll be reaching ROI you should either
- stop bothering with mining or
- researching more until you know what to mine.



~380 days based on today price of xmr and burst

Transparent and stable investment asset Futuros - crypto mining,trading and lending, more info here - http://projectfuturos.com/,https://forums.burst-team.us       -Currently running on Burst Asset Exchange
shadowhlohavec
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January 29, 2017, 12:45:32 PM
 #7

Risers = $18/ for 3
3 470's = $540
Mobo + CPU ~$100
32GB SSD = $25
650W EVGA = $70
OS: Free, if you pay for this...  Lips sealed
4GB RAM = $15
Moded BIOS: Usually free.
Case: $35 if you have the tools, $80 if you pay someone.
Total $803 USD or 776 euro's.

hmm
show me where to get a new 470x for that price included shipping to Slovakia
Win 10 license cost only 10€
Moded BIOS is not usually free... How do you mean it? I don't know how to do it

Transparent and stable investment asset Futuros - crypto mining,trading and lending, more info here - http://projectfuturos.com/,https://forums.burst-team.us       -Currently running on Burst Asset Exchange
fr4nkthetank
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January 29, 2017, 02:38:05 PM
 #8

Modding on Rx models is pretty easy, you can search this forum or go to my website, www.cryptominingtalk.com and there is a section on it with links to .roms, etc.  I always suggest to new people this.  do you have a computer at home?  why not just buy a good GPU and mine with it ?  then you can test stuff, get experience, see if everything works.  AFter that, you can see if you want to expand, get one rig, set that up, etc.  A lot of people invest huge sums, only to run into problems and find out its not as profitable as they thought it would be.

                                 
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notlist3d
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January 29, 2017, 07:56:52 PM
 #9

Modding on Rx models is pretty easy, you can search this forum or go to my website, www.cryptominingtalk.com and there is a section on it with links to .roms, etc.  I always suggest to new people this.  do you have a computer at home?  why not just buy a good GPU and mine with it ?  then you can test stuff, get experience, see if everything works.  AFter that, you can see if you want to expand, get one rig, set that up, etc.  A lot of people invest huge sums, only to run into problems and find out its not as profitable as they thought it would be.

There are also some articles out there on making your own rom's.  I did that personally as I like to see what is changing/happening.    I would agree on RX models being pretty easy if done right to get extra power (Disclaimer any flashing does have a possible brick chance, but so far I have not bricked a single one from flashing).

I think GPU mining is here to stay always will be some coin that remains popular, all we need is asic resistant coin's like some out there.  My advice is only invest what you can lose, and also look into buying those part's separate normally when someone sells a pre-built system it's higher then building on your own.  With gamer market always being there I view GPU mining as a little "safer" then asics just due to resell.

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