Should I invest in GPU mining?

[iluvbitcoins]

Hey guys

I'v been here for a long time

But most mining I did was cloud based and from my laptop/PC  
So, I'm really not experienced in the field.

I'm considering investing into GPU mining
I'm reading this

http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/

Building such a rig would cost around 2500$ if I'm right?
Also, setting up different GPUs shouldn't affect performance?

As I see, mining ETH with that sort of rig would bring around 1000$/month
Making a break even after 3 months

What's my biggest motivator is that, even if ETH goes down, there's always other profitable coins to mine with the setup, right?
I just want some tips to see if I'm not getting ahead of myself

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[ltcsprite]

Do you have room for additional stress in your life?

It's killin' me. Lol.

[Vann]

I think a GPU rig is a pretty low risk proposition ATM considering you can pay the whole thing off in 2-3 months. After that it's all profit after you pay the electric bill and you still have the hardware that can be resold or repurposed. What you could possibly go wrong with that?

[iamnoobplzhelp]

If you can find the cards to mine with. Everything is out of stock globally. When cards do come for sale, it's usually for a premium. That will increase your costs and the payback time.

[fistfullofbtc]

it cost me more in the uk and i used gtx 1070 to save power costs. cost me about 3000 usd in total plus electricity. generates about 15-20 usd a day after costs.
i personally would buy btc and hold or any other strong coin. it is a gamble, mine a low value coin hoping it goes up, or mine a profitable coin that gives money straight away.  predicting a coin value, difficulty, and profit is interesting.

i enjoy mining learnt a lot, you do have something to show if the market disappeared overnight.

saying that i am hoping to aim for 6 or 7 gtx1070 in a few months, i have 4 already.

[poby]

There are no guarantees of profit and there are certainly risks.  The biggest one IMHO is ethereum's pending change to POS.  Supposed to happen by November this year.  The result will be all those currently mining eth will have to start mining other coins instead, resulting in a massive influx of hashing power, leading to a corresponding increase in difficulty.  For sure, profitability will decrease, possibly to the point where only those with the cheapest electricity can make any profit at all.

Right now it's insanely profitable.  But don't expect it to last.

[Vann]

There are no guarantees of profit and there are certainly risks.  The biggest one IMHO is ethereum's pending change to POS.  Supposed to happen by November this year.  The result will be all those currently mining eth will have to start mining other coins instead, resulting in a massive influx of hashing power, leading to a corresponding increase in difficulty.  For sure, profitability will decrease, possibly to the point where only those with the cheapest electricity can make any profit at all.

Right now it's insanely profitable.  But don't expect it to last.

Been there and done that. Back towards the end of 2014 ASIC's started taking over Scrypt and X11. With difficulty increasing, $650 BTC and dropping, mining was a losing proposition and I took a break. Now I wish I had stuck it though. The good thing is I held on to most of the coins I mined and I'm glad I did.

[fistfullofbtc]

the market spread allows most coins to be mined for a decent profit, new coins coming through as well. i see a decrease potentially but not massively.

[TimeTeller]

Mining at the moment does have a good profitability compared to before the price increase of btc.
i use this site to see whats the best at the moment  http://whattomine.com/coins

[iluvbitcoins]

Do you have room for additional stress in your life?

It's killin' me. Lol.

I'm willing to handle it 

I think a GPU rig is a pretty low risk proposition ATM considering you can pay the whole thing off in 2-3 months. After that it's all profit after you pay the electric bill and you still have the hardware that can be resold or repurposed. What you could possibly go wrong with that?

These are exactly the responses I wanted to hear
I'm definitely buying this shiet right now huehue

There are no guarantees of profit and there are certainly risks.  The biggest one IMHO is ethereum's pending change to POS.  Supposed to happen by November this year.  The result will be all those currently mining eth will have to start mining other coins instead, resulting in a massive influx of hashing power, leading to a corresponding increase in difficulty.  For sure, profitability will decrease, possibly to the point where only those with the cheapest electricity can make any profit at all.

Right now it's insanely profitable.  But don't expect it to last.

Still though, if break even is after 3 months
Selling the parts is always an option for further profit

[dbc23]

It's a hobby with POSSIBLE financial gains.  If you're ok looking at it like that and you enjoy tinkering and tweaking it's fun.  If you just want to make BTC then you're better off buying in and trading.  The same way the cards have resale value, odds are purchased coins won't hit zero worth, so both have a safety net built in.

[iluvbitcoins]

What's the difference between hx and ax 1200w?

I was thinking of getting something like this
http://www.ebay.com/itm/Corsair-HX1200iProfessional-Platinum-Series-1200-W-ATX-Fully-Modular-PSU-/391806714237?hash=item5b3980017d:g:dGEAAOSwn-tZNc~H

Motherboard
http://www.ebay.com/itm/90676830-ASROCK-H81-PRO-BTC-R2-0-BITCOIN-SOCKEL-1150-ATX-/162488880055?hash=item25d5178bb7:g:D48AAOSw3ZRY~gMa

CPU
http://www.ebay.com/itm/B0306883-CPU-INTEL-CELERON-DUAL-CORE-G1840-PC1150-2MB-CACHE-2-8GHZ-BX80646G1840-/172662807046?hash=item2833815a06:g:7LMAAOSwq1JZDbY6

GPU
http://www.ebay.com/itm/Sapphire-RX-470-4G-NI-OC-RADEON-RX-470-4G-GDDR5-NITRO-OC-/232336483386?hash=item361855643a:g:WYkAAOSwi7RZGa-n
x4 simmilar prices

http://www.ebay.com/itm/Asus-GeForce-GTX-1070-Turbo-Graphics-Card-8GB-GDDR5-DVI-D-HDMI-DP-/282510723638?hash=item41c6f38a36:g:ylYAAOSw2xRYgiU0#viTabs_0
x2 probably

And
https://www.ebay.co.uk/p/PCI-e-Express-1x-to-16x-Riser-Card-USB-Cable-Adapter-Extender-for-Mining-Bitcoin/1625137701
x10

That would be all I need?
Total would be around 2500$

[iluvbitcoins]

Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own

[Vaccinus]

Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own

yeah it work, just decide if amd or nvidia, all the other stuff are pretty easy to get and asseble, cpu ssd motherboard, maybe wait for the new asrock one? ssd cheap one or m2 depend on motherboard, riser usb or standard, with 1070 i have non powered risers,a dn they work good

[iluvbitcoins]

Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own

yeah it work, just decide if amd or nvidia

I posted the links to the ones I would get, is it cool?

Also, is SSD a neccesity?

I have a 500 GB 3.0 portable hard, do I need to buy an SSD?

[BitcoinBabbler]

Yup Bro, you should definitely go for GPU Mining.
It is much more profitable than cludmining
And if you can pay off your electricity bills, the rest is profit!

[Vann]

Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own

yeah it work, just decide if amd or nvidia

I posted the links to the ones I would get, is it cool?

Also, is SSD a neccesity?

I have a 500 GB 3.0 portable hard, do I need to buy an SSD?

SSD is not required, but highly reccommended. Especially with Windows due to the hard crashes. Running 24/7 it pays for itself with the power savings. I used to have a WD 1TB spinning drive. It pulled 50W compared to the 5W and SSD uses. Any basic Sandisk or Kingston 64GB is all you neeed.

[iluvbitcoins]

Can anyone confirm this would work?
And if I'm missing something
I'm a complete newb, so I'm afraid to act completely on my own

yeah it work, just decide if amd or nvidia

I posted the links to the ones I would get, is it cool?

Also, is SSD a neccesity?

I have a 500 GB 3.0 portable hard, do I need to buy an SSD?

SSD is not required, but highly reccommended. Especially with Windows due to the hard crashes. Running 24/7 it pays for itself with the power savings. I used to have a WD 1TB spinning drive. It pulled 50W compared to the 5W and SSD uses. Any basic Sandisk or Kingston 64GB is all you neeed.

Sweet, will get an SSD then!

[LTCbusiness]

Mining is like a high risk investment, and there are so many uncertain things which you can not simply put the number in and calculate it.

So let predict the future:

Situation 1: ETH price going up in the next 3 months, as well as the difficulty, so you still can ROI within 3 months, thanks to ETH price.

Situation 2: ETH price stay in the range of $200-$250 in the next 3 months, but the difficulty still increase, so your calculation is not accurate anymore, the ROI should be 6-8 months in this case, and after ROI, your rig may take additional 12-16 months to get another $2500 if the price of ETH does not go up.

Situation 3, the worst one: BTC, ETH price going down, difficulty still going up (cause people already invested in the equipment so they have to use it anyway), at this case you may expect around 15 months ROI, or maybe never ROI, but good thing is your cards have resale value, so you can still sell it.


So the decision is yours, mining is fun, I must say that , people tell others to not to invest to mining equipment but invest in the coin itself, that is also a good advice.

Let s talk about my situation, I bought 8 L3+ to mine Litecoin for their 2nd batch on 5 May, it costs me total 11 BTC = $13,200, including PSU and shipping charge, the BTC price is $1200 that time.

Now my 8 L3+ almost ROI, iti s about 80% ROI now
But the opportunity cost is pretty high, since 11 BTC = $30,250, BTC price is $2750 at the moment.

So do you think how long will my 8 L3+ earn me more $20,000 difference, considering more and more L3+ batch will come from Bitmain in the future? It is hard to say, but in term of investment, the decision to keep BTC instead of buying L3+ is a better decision.

[iluvbitcoins]

Thanks for your responses.

I have ordered almost all the items on the list so far and will wait for their arrival
What my main question is right now as I have ordered 4 rx 470s ordering 2 gtx 1070 and running them on the same motherboard has the same effect as running 6x of the same gpu?

[jednostka]

This can make you premature because of the increased risk in your life and the constant desire to follow Ethereum.

For me, do not do Ethereum mining. Instead, do LTC mining!

[Vann]

Thanks for your responses.

I have ordered almost all the items on the list so far and will wait for their arrival
What my main question is right now as I have ordered 4 rx 470s ordering 2 gtx 1070 and running them on the same motherboard has the same effect as running 6x of the same gpu?

I currently have four types of GPU's on a single Windows 7 rig. RX 480's, a RX 580, a HD 7850 and just added a GTX 1080. No performance difference with the AMD cards after installing the Nvidia card. The biggest problem is you need to configure the settings for each of the different cards and figuring out which GPU index applies to which card. Having all the same cards is simpler.

[iluvbitcoins]

Thanks for your responses.

I have ordered almost all the items on the list so far and will wait for their arrival
What my main question is right now as I have ordered 4 rx 470s ordering 2 gtx 1070 and running them on the same motherboard has the same effect as running 6x of the same gpu?

I currently have four types of GPU's on a single Windows 7 rig. RX 480's, a RX 580, a HD 7850 and just added a GTX 1080. No performance difference with the AMD cards after installing the Nvidia card. The biggest problem is you need to configure the settings for each of the different cards and figuring out which GPU index applies to which card. Having all the same cards is simpler.

Sweet

the hx1200i should support 6 gpus?

[ivanst776]

Thanks for your responses.

I have ordered almost all the items on the list so far and will wait for their arrival
What my main question is right now as I have ordered 4 rx 470s ordering 2 gtx 1070 and running them on the same motherboard has the same effect as running 6x of the same gpu?

I don't want to frighten you but I'm having issue with 3 types of graphic cards, I have 4x XFX 470, 1x MSI 470, and 1x Sapphire 580, the best that I could do is working only the first 4 GPUs, when I put any other of the other 2 it fails.

the hx1200i should support 6 gpus?

I have the same and it's enough, that's a powerful PSU.

I currently have four types of GPU's on a single Windows 7 rig. RX 480's, a RX 580, a HD 7850 and just added a GTX 1080. No performance difference with the AMD cards after installing the Nvidia card. The biggest problem is you need to configure the settings for each of the different cards and figuring out which GPU index applies to which card. Having all the same cards is simpler.

Could you help me setup 3 different types of GPUs, I'm going to test it in Windows 7 didn;t thought about it as I installed multiple times Windows 10.

[Vann]

Thanks for your responses.

I have ordered almost all the items on the list so far and will wait for their arrival
What my main question is right now as I have ordered 4 rx 470s ordering 2 gtx 1070 and running them on the same motherboard has the same effect as running 6x of the same gpu?

I currently have four types of GPU's on a single Windows 7 rig. RX 480's, a RX 580, a HD 7850 and just added a GTX 1080. No performance difference with the AMD cards after installing the Nvidia card. The biggest problem is you need to configure the settings for each of the different cards and figuring out which GPU index applies to which card. Having all the same cards is simpler.

Sweet

the hx1200i should support 6 gpus?

Without a problem. The RX 470's use ~125 W each and the GTX 1070's about ~180W at 100% TDP. You could add up to seven or eight if you adjust the power on the cards.

[fistfullofbtc]

i'm not sure about 180w for gtx 1070. mine are no where near that, yes some algos are power intensive but most are not. 120w for z cash .

[iluvbitcoins]

Well, I haven't purchased the gtx 1070 yet, would I be better off by buying more rx 470?

[fistfullofbtc]

Well, I haven't purchased the gtx 1070 yet, would I be better off by buying more rx 470?

i personally think the gtx offers more coin options than the rx but to make money and quicker returns   mining ethereum the rx wins as it is cheaper.

[IsaacBitcoiner]

If I had very cheap electricity I would consider mining some of them. The question is, for how long can these alts remain sustainable.

[fistfullofbtc]

i think a lot btc is about 45% dominance the alts have really taken ground and still holding. get a strategy and see what happens, without trying i get good returns, some coins for example lbry have doubled. mining is complicated but allows more home grown owners, i.e more decentralization, which i think some prefer to btc mining.

if it goes tits up sell them at least you have something to show for it all.

[Grahnite]

If you can find the cards to mine with. Everything is out of stock globally. When cards do come for sale, it's usually for a premium. That will increase your costs and the payback time.

^^ THIS - it is almost impossible to get any cards anywhere. I was also thinking of building a rig, but have just shelved it for the time being. And now with the news of AMD and Nvidia both starting to make GPU's specifically for mining, times are changing. I am sitting on the sidelines watching, for now.

[tonygal]

GPUs specifically for mining??  First time I hear about that.
Do you have a source/link for me? I'd be very much interested in their gear!!

[iluvbitcoins]

Seems like the riser cables I put on order at all4btc got sold out before being ordered

Does it matter what kind of riser cables I order?
Or will any x1 to x16 pcie riser cables work as good?

[Vann]

Seems like the riser cables I put on order at all4btc got sold out before being ordered

Does it matter what kind of riser cables I order?
Or will any x1 to x16 pcie riser cables work as good?

I use 6-pin PCI-E risers. Three thicker wires that are designed to spread a higher 12V load instead of two used by molex and sata connectors. The 6-pin risers also use four capacitors for a more stable current flow compared to the three used by the molex and sata risers. The good ones also come with a voltage regulator to prevent spikes. Here is a good overview of the different riser types:

https://www.youtube.com/watch?v=MxQM8MRGUWs

It's also a good idea to order twice as many risers as you think you will need. Nothing worse than being stuck with a card idle and waiting for risers to arrive.

[iluvbitcoins]

Seems like the riser cables I put on order at all4btc got sold out before being ordered

Does it matter what kind of riser cables I order?
Or will any x1 to x16 pcie riser cables work as good?

I use 6-pin PCI-E risers. Three thicker wires that are designed to spread a higher 12V load instead of two used by molex and sata connectors. The 6-pin risers also use four capacitors for a more stable current flow compared to the three used by the molex and sata risers. The good ones also come with a voltage regulator to prevent spikes. Here is a good overview of the different riser types:

https://www.youtube.com/watch?v=MxQM8MRGUWs

It's also a good idea to order twice as many risers as you think you will need. Nothing worse than being stuck with a card idle and waiting for risers to arrive.

These would be good right?

https://www.amazon.co.uk/YIKESHU-PCI-E-Powered-Adapter-Extension/dp/B071NMZSZ4/ref=sr_1_2?ie=UTF8&qid=1496940375&sr=8-2&keywords=pci-e+riser+6+pin

[Vann]

Seems like the riser cables I put on order at all4btc got sold out before being ordered

Does it matter what kind of riser cables I order?
Or will any x1 to x16 pcie riser cables work as good?

I use 6-pin PCI-E risers. Three thicker wires that are designed to spread a higher 12V load instead of two used by molex and sata connectors. The 6-pin risers also use four capacitors for a more stable current flow compared to the three used by the molex and sata risers. The good ones also come with a voltage regulator to prevent spikes. Here is a good overview of the different riser types:

https://www.youtube.com/watch?v=MxQM8MRGUWs

It's also a good idea to order twice as many risers as you think you will need. Nothing worse than being stuck with a card idle and waiting for risers to arrive.

These would be good right?

https://www.amazon.co.uk/YIKESHU-PCI-E-Powered-Adapter-Extension/dp/B071NMZSZ4/ref=sr_1_2?ie=UTF8&qid=1496940375&sr=8-2&keywords=pci-e+riser+6+pin

I like the push-pin type risers.

https://www.amazon.co.uk/Kyerivs-PCI-E-Powered-Adapter-Extension/dp/B06ZYCRX7B

They seem to latch on the card more securely than the slider type.

[Nokia555]

Build one Nvidia rig and one AMD rig, less problems and easier to handle, i have this way, no compatibility issues what so ever, like others said, gpu config is pain in the a.. if you have mixed them.
I have 1080TI running like a charm, i personally would buy only 1080ti-s, easier to sell gamers later: http://mylifegadgets.com/GTX1080TI one makes like 11-14$ per day and 300-400$ per month using only 185W power

[iluvbitcoins]

Seems like the riser cables I put on order at all4btc got sold out before being ordered

Does it matter what kind of riser cables I order?
Or will any x1 to x16 pcie riser cables work as good?

I use 6-pin PCI-E risers. Three thicker wires that are designed to spread a higher 12V load instead of two used by molex and sata connectors. The 6-pin risers also use four capacitors for a more stable current flow compared to the three used by the molex and sata risers. The good ones also come with a voltage regulator to prevent spikes. Here is a good overview of the different riser types:

https://www.youtube.com/watch?v=MxQM8MRGUWs

It's also a good idea to order twice as many risers as you think you will need. Nothing worse than being stuck with a card idle and waiting for risers to arrive.

These would be good right?

https://www.amazon.co.uk/YIKESHU-PCI-E-Powered-Adapter-Extension/dp/B071NMZSZ4/ref=sr_1_2?ie=UTF8&qid=1496940375&sr=8-2&keywords=pci-e+riser+6+pin

I like the push-pin type risers.

https://www.amazon.co.uk/Kyerivs-PCI-E-Powered-Adapter-Extension/dp/B06ZYCRX7B

They seem to latch on the card more securely than the slider type.

Sweet!

Just ordered 7 of those
+ 3 off ebay for spares

Build one Nvidia rig and one AMD rig, less problems and easier to handle, i have this way, no compatibility issues what so ever, like others said, gpu config is pain in the a.. if you have mixed them.
I have 1080TI running like a charm, i personally would buy only 1080ti-s, easier to sell gamers later: http://mylifegadgets.com/GTX1080TI one makes like 11-14$ per day and 300-400$ per month using only 185W power

yeah, but it's double the price of an rx 470 and 50% more than a gtx 1070  

----------------------

How many GPUs would fit in here?  
http://www.ebay.com/itm/152561445042?_trksid=p2060353.m2749.l2649&var=451960305634&ssPageName=STRK%3AMEBIDX%3AIT

Also got this for improvisation purposes of creating a case
- 100PCS Self Adhesive Rubber Feet Clear Semicircle Bumpers
- 2PCS Grid Divider Tray Egg Crate Aquarium Fish Tank Filter Bottom Isolate Black White (putting in on top of the crate and GPUs on top if it)
- 100pcs Black White Network Nylon Plastic Cable Wire Zip Tie Cord Strap  ( to secure stuff)

[Nokia555]

Yeah i have GTX1070 also, makes 500mh/s @ 108W DGB skein, GTX1080ti makes 860mh/s @185W.

Just having one rig with 6 of them should be pretty easy to handle and makes a nice profit

[iluvbitcoins]

Also, I'v ordered this RAM
Looks weird af to me, but as far as I know any DDR3 RAM will be good?

[Nokia555]

Also, I'v ordered this RAM
Looks suspicious af to me, but as far as I know any DDR3 RAM will be good?

Isn't this one a laptop short ram? I think you should get the long DDR3, not for laptops.

Also i would have got Z170 MSI KRAIT Gaming 3x motherboard with DDR4 4gb stick and G3000 pentium low powered processor for it.

[iluvbitcoins]

Also, I'v ordered this RAM
Looks suspicious af to me, but as far as I know any DDR3 RAM will be good?

Isn't this one a laptop short ram? I think you should get the long DDR3, not for laptops.

Also i would have got Z170 MSI KRAIT Gaming 3x motherboard with DDR4 4gb stick and G3000 pentium low powered processor for it.

Yeah, fuck, I knew it, I'm an idiot, it's even stated in the title xD

Anyway found another RAM.

[Vann]

Seems like the riser cables I put on order at all4btc got sold out before being ordered

Does it matter what kind of riser cables I order?
Or will any x1 to x16 pcie riser cables work as good?

I use 6-pin PCI-E risers. Three thicker wires that are designed to spread a higher 12V load instead of two used by molex and sata connectors. The 6-pin risers also use four capacitors for a more stable current flow compared to the three used by the molex and sata risers. The good ones also come with a voltage regulator to prevent spikes. Here is a good overview of the different riser types:

https://www.youtube.com/watch?v=MxQM8MRGUWs

It's also a good idea to order twice as many risers as you think you will need. Nothing worse than being stuck with a card idle and waiting for risers to arrive.

These would be good right?

https://www.amazon.co.uk/YIKESHU-PCI-E-Powered-Adapter-Extension/dp/B071NMZSZ4/ref=sr_1_2?ie=UTF8&qid=1496940375&sr=8-2&keywords=pci-e+riser+6+pin

I like the push-pin type risers.

https://www.amazon.co.uk/Kyerivs-PCI-E-Powered-Adapter-Extension/dp/B06ZYCRX7B

They seem to latch on the card more securely than the slider type.

Sweet!

Just ordered 7 of those
+ 3 off ebay for spares

Build one Nvidia rig and one AMD rig, less problems and easier to handle, i have this way, no compatibility issues what so ever, like others said, gpu config is pain in the a.. if you have mixed them.
I have 1080TI running like a charm, i personally would buy only 1080ti-s, easier to sell gamers later: http://mylifegadgets.com/GTX1080TI one makes like 11-14$ per day and 300-400$ per month using only 185W power

yeah, but it's double the price of an rx 470 and 50% more than a gtx 1070  

----------------------

How many GPUs would fit in here?  
http://www.ebay.com/itm/152561445042?_trksid=p2060353.m2749.l2649&var=451960305634&ssPageName=STRK%3AMEBIDX%3AIT

Also got this for improvisation purposes of creating a case
- 100PCS Self Adhesive Rubber Feet Clear Semicircle Bumpers
- 2PCS Grid Divider Tray Egg Crate Aquarium Fish Tank Filter Bottom Isolate Black White (putting in on top of the crate and GPUs on top if it)
- 100pcs Black White Network Nylon Plastic Cable Wire Zip Tie Cord Strap  ( to secure stuff)

It doesn't give the dimensions of the crate. But a RX 470/480 can be up to 30+ cm by ~5 cm thick with the risers. I Don't know if that would be deep enough.

I recently did a build of the BBT mining case below out of two 8ft pieces of 1/8" x 3/4" angled aluminum, one 8 ft 1" x 2" piece of pine and #8 1/2" self-tapping screws. The case will fit up to 7 RX 4XX/5XX if you put them about 1 inch apart. The cost of the aluminum angles and screws was ~$35. If you build it out of all wood, the cost would be less than $10. That's a much better design that allows more airflow than using a crate.

https://www.youtube.com/watch?v=D5xNrlxsCVs

The only tools needed were a drill with a 3/32" hex titanium drill bit to drill pilot holes and a #2 phillips screwdriver bit. A hacksaw with a 32 tooth blade and a plastic miter box to cut the aluminum and wood. It took about 4-5 hours since it was my first time building one. The case is very sturdy and can support up to 7 GPU's.

[Nokia555]

Btw, why not build a wooden case for miner? Some screws and little bit wood, looks cool and plenty of room.

[iluvbitcoins]

It doesn't give the dimensions of the crate. But a RX 470/480 can be up to 30+ cm by ~5 cm thick with the risers. I Don't know if that would be deep enough.

I recently did a build of the BBT mining case below out of two 8ft pieces of 1/8" x 3/4" angled aluminum, one 8 ft 1" x 2" piece of pine and #8 1/2" self-tapping screws. The case will fit up to 7 RX 4XX/5XX if you put them about 1 inch apart. The cost of the aluminum angles and screws was ~$3. If you build it out of all wood, the cost would be less than $10. That's a much better design that allows more airflow than using a crate.

https://www.youtube.com/watch?v=D5xNrlxsCVs

The only tools needed were a drill with a 3/32" hex titanium drill bit to drill pilot holes and a #2 phillips screwdriver bit. A hacksaw with a 32 tooth blade and a plastic miter box to cut the aluminum and wood. It took about 4-5 hours since it was my first time building one. The case is very sturdy and can support up to 7 GPU's.

The problem with that is I don't have a drill or a hacksaw
I'm a student 500 km away from home  

Btw, why not build a wooden case for miner? Some screws and little bit wood, looks cool and plenty of room.

I don't have the tools to build it with ;(

[Nokia555]

Don't you fellow students don't have anything? Mby live nearby or something..? .D

[iluvbitcoins]

Hmm

This is pretty cheap
https://www.amazon.co.uk/gp/product/B0722X535Q/ref=ox_sc_act_title_1?smid=AR5NTANTFUHVI&psc=1

http://www.ebay.com/itm/1-x-Aluminium-Angle-Aluminum-Alloy-Bracket-DIY-RC-Car-Robot-Bracket-Chose-Size-/172616746660?var=&hash=item2830c286a4:m:mB3_tIPVJ3AHNYcElmQx-nQ

I guess I could buy it to build a case.
However, I'd need to find someone selling the angled aluminium, since waiting 2 months for them wouldn't be an option

[Vann]

Hmm

This is pretty cheap
https://www.amazon.co.uk/gp/product/B0722X535Q/ref=ox_sc_act_title_1?smid=AR5NTANTFUHVI&psc=1

http://www.ebay.com/itm/1-x-Aluminium-Angle-Aluminum-Alloy-Bracket-DIY-RC-Car-Robot-Bracket-Chose-Size-/172616746660?var=&hash=item2830c286a4:m:mB3_tIPVJ3AHNYcElmQx-nQ

I guess I could buy it to build a case.
However, I'd need to find someone selling the angled aluminium, since waiting 2 months for them wouldn't be an option

I would get a corded drill. You should be able to get one for around the same price. It doesn't have any batteries to charge and will have more power than a cordless one. Here in the US we have Harbor Fright Tools, that sells cheap Chinese tools. You can get an electric drill for $20 or less when on sale and a hacksaw with mitre box combo for less than $10. Gpu's and power supplies can be heavy. If you go with angled aluminum, get at least 2mm thick or 3mm preferably. The 1mm or 1/16" pieces are too thin and the case won't be very sturdy. You should be able to get aluminum angles at a home improvement or hardware store.

[fistfullofbtc]

if you don't fancy diy i bought a Aerocool Dream Box, works well for me.

|https://thumbsnap.com/yCZiBW2L[/img]

[Nokia555]

Hmm

This is pretty cheap
https://www.amazon.co.uk/gp/product/B0722X535Q/ref=ox_sc_act_title_1?smid=AR5NTANTFUHVI&psc=1

http://www.ebay.com/itm/1-x-Aluminium-Angle-Aluminum-Alloy-Bracket-DIY-RC-Car-Robot-Bracket-Chose-Size-/172616746660?var=&hash=item2830c286a4:m:mB3_tIPVJ3AHNYcElmQx-nQ

I guess I could buy it to build a case.
However, I'd need to find someone selling the angled aluminium, since waiting 2 months for them wouldn't be an option

This drill can't even open i don't know, anything.. it's for children toys section, don't waste money on that one.

[iluvbitcoins]

Hmm

This is pretty cheap
https://www.amazon.co.uk/gp/product/B0722X535Q/ref=ox_sc_act_title_1?smid=AR5NTANTFUHVI&psc=1

http://www.ebay.com/itm/1-x-Aluminium-Angle-Aluminum-Alloy-Bracket-DIY-RC-Car-Robot-Bracket-Chose-Size-/172616746660?var=&hash=item2830c286a4:m:mB3_tIPVJ3AHNYcElmQx-nQ

I guess I could buy it to build a case.
However, I'd need to find someone selling the angled aluminium, since waiting 2 months for them wouldn't be an option

This drill can't even open i don't know, anything.. it's for children toys section, don't waste money on that one.

Hahaha

Well, buying a good drill for one time use isn't very practical

[Nokia555]

Hmm

This is pretty cheap
https://www.amazon.co.uk/gp/product/B0722X535Q/ref=ox_sc_act_title_1?smid=AR5NTANTFUHVI&psc=1

http://www.ebay.com/itm/1-x-Aluminium-Angle-Aluminum-Alloy-Bracket-DIY-RC-Car-Robot-Bracket-Chose-Size-/172616746660?var=&hash=item2830c286a4:m:mB3_tIPVJ3AHNYcElmQx-nQ

I guess I could buy it to build a case.
However, I'd need to find someone selling the angled aluminium, since waiting 2 months for them wouldn't be an option

This drill can't even open i don't know, anything.. it's for children toys section, don't waste money on that one.

Hahaha

Well, buying a good drill for one time use isn't very practical

Lend it, don't you know anybody from school? Ask the janitor

[Vann]

BBT on YouTube said he will have a mining rig case build video next week with several updated designs from his original video.

[philipma1957]

@ op how much did you spend for the six card setup?


sorry that I missed this.


This is an easy 3 card monster rig.

two 1080 ti's -------------------------1300 on sale
one 1070------------------------------  369
one 128 gb ssd -----------------------   40
one 8gb stick of ram -----------------   50
one i5 7400t cpu----------------------  130 eBay sale
one gigabyte z270 mobo ------------   108
one 850 watt  pat psu  --------------   112

total ---------------------------------- 2109

does 2300 for skein
does  1750 for zcash   at 550 watts.

riser free   and you can add 1 more card with a riser if you want to expand  to me no one should build a six card rig as the first rig.

[smauni]

I am not investing in Gpu mining. Because it is so risky and low profitable. 

[iluvbitcoins]

@ op how much did you spend for the six card setup?

300$ for ASRock H81 PRO BTC R2.0
65$ for 9 Risers
1068$ for 3x rx470 (+50$ for shipping forwarding from Italy)
1070$ for 2x gtx1070
256$ for hx1200i PSU (+ around 25$ probably for forwarding the hx1200i from United Kingdom)
53$ for 120 gb SSD
56$ Intel Celeron G1840 Processor 2.8 GHz
25$ 4gb RAM
20$ fans, zip ties, rubber, grid..

I found a local ad for an rx470 pretty cheap, so I planned to buy that one as the 6th one
However, no one is yet answering so I'll probably have to purchase +1 online.

Anyways, so far total is 2718$ and I have to order one more GPU.
+ I paid around 70% of the orders in bitcoin which adds up around 4% fees on average, which would come in total over 2800 USD

[Vann]

@ op how much did you spend for the six card setup?

300$ for ASRock H81 PRO BTC R2.0
65$ for 9 Risers
1068$ for 3x rx470 (+50$ for shipping forwarding from Italy)
1070$ for 2x gtx1070
256$ for hx1200i PSU (+ around 25$ probably for forwarding the hx1200i from United Kingdom)
53$ for 120 gb SSD
56$ Intel Celeron G1840 Processor 2.8 GHz
25$ 4gb RAM
20$ fans, zip ties, rubber, grid..

I found a local ad for an rx470 pretty cheap, so I planned to buy that one as the 6th one
However, no one is yet answering so I'll probably have to purchase +1 online.

Anyways, so far total is 2718$ and I have to order one more GPU.
+ I paid around 70% of the orders in bitcoin which adds up around 4% fees on average, which would come in total over 2800 USD

Wow, you paid top dollar for that mobo and all the GPU's. The same rig here would cost less than $2000 if you bought it right.

[iluvbitcoins]

@ op how much did you spend for the six card setup?

300$ for ASRock H81 PRO BTC R2.0
65$ for 9 Risers
1068$ for 3x rx470 (+50$ for shipping forwarding from Italy)
1070$ for 2x gtx1070
256$ for hx1200i PSU (+ around 25$ probably for forwarding the hx1200i from United Kingdom)
53$ for 120 gb SSD
56$ Intel Celeron G1840 Processor 2.8 GHz
25$ 4gb RAM
20$ fans, zip ties, rubber, grid..

I found a local ad for an rx470 pretty cheap, so I planned to buy that one as the 6th one
However, no one is yet answering so I'll probably have to purchase +1 online.

Anyways, so far total is 2718$ and I have to order one more GPU.
+ I paid around 70% of the orders in bitcoin which adds up around 4% fees on average, which would come in total over 2800 USD

Wow, you paid top dollar for that mobo and all the GPU's. The same rig here would cost less than $2000 if you bought it right.

Everything is out of stock currently, only way to get equipment is to pay high :/

[Vann]

@ op how much did you spend for the six card setup?

300$ for ASRock H81 PRO BTC R2.0
65$ for 9 Risers
1068$ for 3x rx470 (+50$ for shipping forwarding from Italy)
1070$ for 2x gtx1070
256$ for hx1200i PSU (+ around 25$ probably for forwarding the hx1200i from United Kingdom)
53$ for 120 gb SSD
56$ Intel Celeron G1840 Processor 2.8 GHz
25$ 4gb RAM
20$ fans, zip ties, rubber, grid..

I found a local ad for an rx470 pretty cheap, so I planned to buy that one as the 6th one
However, no one is yet answering so I'll probably have to purchase +1 online.

Anyways, so far total is 2718$ and I have to order one more GPU.
+ I paid around 70% of the orders in bitcoin which adds up around 4% fees on average, which would come in total over 2800 USD

Wow, you paid top dollar for that mobo and all the GPU's. The same rig here would cost less than $2000 if you bought it right.

Everything is out of stock currently, only way to get equipment is to pay high :/

For the GPU's I agree, unless you are patient and buy them one at a time. Lots of cheaper mobo's that would work, ASUS Prime Z70-A / AR for one.

[iluvbitcoins]

For the GPU's I agree, unless you are patient and buy them one at a time. Lots of cheaper mobo's that would work, ASUS Prime Z70-A / AR for one.

Should of known about it earlier  

Just ordered the last RX 470 for 330€

So my total expenses are 3087$ without fees to zazarb, all4btc and wirex I used to order most of these things.
Let's say the average fee was 4%, my total is 3210$

A lot, a lot more than I thought when I started this
But anyways, I'm hoping for a quick break even.

[Djentriser]

Hey guys

I'v been here for a long time

But most mining I did was cloud based and from my laptop/PC  
So, I'm really not experienced in the field.

I'm considering investing into GPU mining
I'm reading this

http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/

Building such a rig would cost around 2500$ if I'm right?
Also, setting up different GPUs shouldn't affect performance?

As I see, mining ETH with that sort of rig would bring around 1000$/month
Making a break even after 3 months

What's my biggest motivator is that, even if ETH goes down, there's always other profitable coins to mine with the setup, right?
I just want some tips to see if I'm not getting ahead of myself

For the 100th time... gpu mining will die in a couple of months. Do not start mining! Nvidia and AMD will release series of gpus only for mining which will skyrocket the difficulty of ETH and other coins also. What will happen with the fork of btc? Do not invest in mining hardware you will lose your money and the market will be flooded with cheap gpus. This happened in 2013 do no relive the past mistakes.

[fistfullofbtc]

everything has risk, but the new mining graphics cards will have 90 day warrentys for a start, making the gaming cards worth  more, mine have 3 year warrentys, amongst over things, they are just talking about removing things and making them cheaper, not 50 times more efficient in hashing.

Also 2013 was light years away, the market was 1.5 billion for all coins, the current market cap is 100 billion, do you really think gpu mining will disappear overnight due to new mining gpus, then you are stupid.

my 5 gtx 1070 generate around 25 dollars a day, so 120 days they have paid for themselves. there is still demand for gaming cards due to vr etc.

[stefek99]

Right now it's insanely profitable.  But don't expect it to last.

"Mainstream" media covering that: https://motherboard.vice.com/en_us/article/an-idiots-guide-to-building-an-ethereum-mining-rig?utm_source=mbfb

I always thought there is someone with more time, cheaper electricity, safer storage, more experience... Now... I'm considering diving into mining as well...

Same GPUs for simplicity of configuration.

Is there a website explaining which GPU per hash per electricity usage to buy?

Or buy any, as everything is sold out anyway...

[poby]

everything has risk, but the new mining graphics cards will have 90 day warrentys for a start, making the gaming cards worth  more, mine have 3 year warrentys, amongst over things, they are just talking about removing things and making them cheaper, not 50 times more efficient in hashing.

Also 2013 was light years away, the market was 1.5 billion for all coins, the current market cap is 100 billion, do you really think gpu mining will disappear overnight due to new mining gpus, then you are stupid.

my 5 gtx 1070 generate around 25 dollars a day, so 120 days they have paid for themselves. there is still demand for gaming cards due to vr etc.

Market Cap is irrelevant.  Yes GPU mining will die very likely before the end of this year for those paying more than 10 cents a kw.  The reason being the constant flood of new miners coming online is rapidly increasing the difficulty of all the coins.  If it weren't for the rapidly increasing prices, it would be dead already.  The simple inescapable fact is that gpu mining depends on increasing coin value to sustain profitability.  If prices stop rising, difficulty will still keep increasing for a while, profits will plummet, anyone paying more than 10 cents a kw will be losing money.  Ebay will be flooded with high end video cards so you will be lucky to get back 10 cents on the dollar of what you paid for your rig.

It will happen.  There can be no doubt about it.  Maybe not this month, maybe not next but the current boom times will definitely end.  I think it's optimistic to hope to maintain profitability through to the end of the year, but we might be lucky.  Those who got set up a few months ago, have done very well.  Anyone building a rig now I reckon has at best a 50/50 chance of getting a ROI.

[VyprBTC]

everything has risk, but the new mining graphics cards will have 90 day warrentys for a start, making the gaming cards worth  more, mine have 3 year warrentys, amongst over things, they are just talking about removing things and making them cheaper, not 50 times more efficient in hashing.

Also 2013 was light years away, the market was 1.5 billion for all coins, the current market cap is 100 billion, do you really think gpu mining will disappear overnight due to new mining gpus, then you are stupid.

my 5 gtx 1070 generate around 25 dollars a day, so 120 days they have paid for themselves. there is still demand for gaming cards due to vr etc.

Market Cap is irrelevant.  Yes GPU mining will die very likely before the end of this year for those paying more than 10 cents a kw.  The reason being the constant flood of new miners coming online is rapidly increasing the difficulty of all the coins.  If it weren't for the rapidly increasing prices, it would be dead already.  The simple inescapable fact is that gpu mining depends on increasing coin value to sustain profitability.  If prices stop rising, difficulty will still keep increasing for a while, profits will plummet, anyone paying more than 10 cents a kw will be losing money.  Ebay will be flooded with high end video cards so you will be lucky to get back 10 cents on the dollar of what you paid for your rig.

It will happen.  There can be no doubt about it.  Maybe not this month, maybe not next but the current boom times will definitely end.  I think it's optimistic to hope to maintain profitability through to the end of the year, but we might be lucky.  Those who got set up a few months ago, have done very well.  Anyone building a rig now I reckon has at best a 50/50 chance of getting a ROI.

Sweet. I can't wait to get a 1080 Ti for $60. 

[paul21]

GPU mining was dead in a few months for how many years now? I put together a 4x 7950 rig in 2013, and it's been more or less profitable for 4+ years despite bitcoin, scrypt, and others all going ASIC. It's not always highly profitable, but at a minimum I get free power for 3-4 months a year because I account the heat output as equivalent to my resistance-based heater. By the time the residual value of the hardware is calculated, it's basically a medium risk hobby.

The reality is too many people want mining to be GPU-based for the ecosystem of mine-able coins to disappear. CPU-based lends itself too easily toward botnets, ASIC based lends itself to centralized manufacturers with the NRE capital, and that leaves GPU as the quasi-distributed platform that enthusiasts center around.

[poby]

GPU mining was dead in a few months for how many years now? I put together a 4x 7950 rig in 2013, and it's been more or less profitable for 4+ years despite bitcoin, scrypt, and others all going ASIC. It's not always highly profitable, but at a minimum I get free power for 3-4 months a year because I account the heat output as equivalent to my resistance-based heater. By the time the residual value of the hardware is calculated, it's basically a medium risk hobby.

How much do you pay in US cents per kwh?

[paul21]

GPU mining was dead in a few months for how many years now? I put together a 4x 7950 rig in 2013, and it's been more or less profitable for 4+ years despite bitcoin, scrypt, and others all going ASIC. It's not always highly profitable, but at a minimum I get free power for 3-4 months a year because I account the heat output as equivalent to my resistance-based heater. By the time the residual value of the hardware is calculated, it's basically a medium risk hobby.

How much do you pay in US cents per kwh?

I have been paying 9-12 c/kwh since 2013. In the winter months (nov-mar) it is 0 c/kwh since my home is heated with a giant resistor, and this offsets that.

[shaninium]

GPUs specifically for mining??  First time I hear about that.
Do you have a source/link for me? I'd be very much interested in their gear!!

https://www.google.com.au/amp/s/www.cryptocoinsnews.com/nvidia-amd-to-release-cheaper-bitcoin-mining-gpus/amp/

[poby]

GPU mining was dead in a few months for how many years now? I put together a 4x 7950 rig in 2013, and it's been more or less profitable for 4+ years despite bitcoin, scrypt, and others all going ASIC. It's not always highly profitable, but at a minimum I get free power for 3-4 months a year because I account the heat output as equivalent to my resistance-based heater. By the time the residual value of the hardware is calculated, it's basically a medium risk hobby.

How much do you pay in US cents per kwh?

I have been paying 9-12 c/kwh since 2013. In the winter months (nov-mar) it is 0 c/kwh since my home is heated with a giant resistor, and this offsets that.

Aint you a lucky one

I was hoping you were gonna say 20 c/Kwh.  Then there might be some hope for those of us without such cheap electric.  But yeah like I said, unless you got cheap electric, it's never gonna be a profitable business in the medium to long term.

Outside North America and India and China, we are stuck with high electric going up dramatically every year.  Sux to be us

[rngkll]

Have thought of mining also some other Crypto at the same time to increase profitability. Like SiaCoin for example.

[iluvbitcoins]

Market Cap is irrelevant.  Yes GPU mining will die very likely before the end of this year for those paying more than 10 cents a kw.  The reason being the constant flood of new miners coming online is rapidly increasing the difficulty of all the coins.  If it weren't for the rapidly increasing prices, it would be dead already.  The simple inescapable fact is that gpu mining depends on increasing coin value to sustain profitability.  If prices stop rising, difficulty will still keep increasing for a while, profits will plummet, anyone paying more than 10 cents a kw will be losing money.  Ebay will be flooded with high end video cards so you will be lucky to get back 10 cents on the dollar of what you paid for your rig.

It will happen.  There can be no doubt about it.  Maybe not this month, maybe not next but the current boom times will definitely end.  I think it's optimistic to hope to maintain profitability through to the end of the year, but we might be lucky.  Those who got set up a few months ago, have done very well.  Anyone building a rig now I reckon has at best a 50/50 chance of getting a ROI.

Well, ROI is 3 months, so basically if it remains profitable until the end of the year, I'll be in deep profit  

I have been paying 9-12 c/kwh since 2013. In the winter months (nov-mar) it is 0 c/kwh since my home is heated with a giant resistor, and this offsets that.

Aint you a lucky one

I was hoping you were gonna say 20 c/Kwh.  Then there might be some hope for those of us without such cheap electric.  But yeah like I said, unless you got cheap electric, it's never gonna be a profitable business in the medium to long term.

Outside North America and India and China, we are stuck with high electric going up dramatically every year.  Sux to be us

20c/kwh :O
That's just what the fuck, how do people live with those prices xD
I always thought electricity in Croatia was expensive, and it's 0.08$/kwh during the day and 0.038$/night
Since value of USD is fluctuating, it varies, Croatian Kuna is a lot more stable
USD is currently 6.62 HRK
0,52602 HRK from 7-22 (summer) and 0,25764 from 22-7
During winter it's 7-21 and 21-7, so an extra hour of cheap electricity

Basically, average daily price during the summer would be 0,4253775 HRK per kwh
So that's around 6.4c/kwh

[bclcjunkie]

it's just awesome to see every tom, dick and harry getting into gpu mining. i guess when eth goes hybrid POS and difficulty gets parabolic combined with price crash I'll be waiting with wads of cash to buy up their GPUs. And by the way i won't be surprised if zcash ASIC gets announced making gpu mining move to lower cap shitcoins, which should also collapse when this entire altcoin frenzy is over.

[iluvbitcoins]

it's just awesome to see every tom, dick and harry getting into gpu mining. i guess when eth goes hybrid POS and difficulty gets parabolic combined with price crash. I'll be waiting with wads of cash to buy up their GPUs. And by the way i won't be surprised if zcash ASIC gets announced making gpu mining move to lower cap shitcoins, which should also collapse when this entire altcoin frenzy is over.

Bitcoin scaling issues won't be resolved - at all.

As long as this issue persists and it will persist because the community will never agree on a solution that would fix this (or brake it) the alternate crypto market will keep receiving an influx of users and their capital.

[mocoin]

GPU mining is profitable but profitable Amd and Nvidia cards are not available in the market.Btc rates are on the peak so everyone is interested in the mining.But there is hardware purchase problem worldwide.

[icmanik]

Hey guys

I'v been here for a long time

But most mining I did was cloud based and from my laptop/PC  
So, I'm really not experienced in the field.

I'm considering investing into GPU mining
I'm reading this

http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/

Building such a rig would cost around 2500$ if I'm right?
Also, setting up different GPUs shouldn't affect performance?

As I see, mining ETH with that sort of rig would bring around 1000$/month
Making a break even after 3 months

What's my biggest motivator is that, even if ETH goes down, there's always other profitable coins to mine with the setup, right?
I just want some tips to see if I'm not getting ahead of myself

For the 100th time... gpu mining will die in a couple of months. Do not start mining! Nvidia and AMD will release series of gpus only for mining which will skyrocket the difficulty of ETH and other coins also. What will happen with the fork of btc? Do not invest in mining hardware you will lose your money and the market will be flooded with cheap gpus. This happened in 2013 do no relive the past mistakes.

What you mean mining will die what about mining different alt coins like etc or monero?

[fistfullofbtc]

its the same as the btc people saying eth is a bubble ready to crash, whilst it keeps growing, they are just making stupid comments.

gpu mining wont die, yes it will/may be less profitable but the market is growing, there are enough coins around to mine.

read up learn about it, go in with your eyes open, spread the risk, it isnt a instant money maker it takes time and capital and tbh buying a coin like btc will give better returns, so there are always barriers to market.

[Smarty14392]

You can invest your earnings in GPU mining hardware. but instead of purchasing GPU mining hardware, You can purchase any other miners luke ASIC miners.
i think they can give you more profit.
But according to me, investing in trading is better then investing in mining hardwares.
You can easily start trading with some research and earn more then mining.

[mizrak]

The whole thread is very confusing  . Some people say gpu`s mining will die by the end of this year due to eth pos or other reasons , some say no there are lot of coins to mine , i won`t die. I personally want to start something but i don`t know what and how. All i want is to make some sort of extra money .Any suggestion regarding mining?

[ivanst776]

GPUs specifically for mining??  First time I hear about that.
Do you have a source/link for me? I'd be very much interested in their gear!!

Look in google or in youtube for Eth rigs and you will see the surprise, the GPU mining has become very profitable now.

I have been checking the profit that I can get with a eth mining rig with gpus and it wasn't much in the past but now it worth.

The roi before few months was around 7-8 months while now the ROI can be reached within 3 months.

[BeyondDeception]

I think the biggest thing is - only spend what you can afford to lose, because anything can happen. I would NOT put anything on credit cards. If you have the money to spend and you are NOT dependent on this money, then go for it. Whatever you spend, I would try to at least recoup your investment within a few months, but if you don't (which you should) then it doesn't matter. Then take any money you make after ROI and energy and put it towards more machines, because it is more money you can afford to lose. Don't depend on the money - make sure you can live without it. Then once you have a nice amount of money coming in - I would invest in anything you can invest in. Don't try to live off this money, meaning don't create a monthly budget that includes the money you are making off the machines. That way if it goes belly up, then you are good. If you are able to invest enough money - then maybe you set yourself up for the future. Think long term, not short term.

The reason I say all that is because you don't want to put a bunch money on credit cards or spend a bunch of money in savings and then have a catastrophic event either in the crypto-world or in your world.

There's a lot upside, but IMO it's on a knifes edge. Right now it is good, tomorrow it may not be. So every step you make, consider all the risks and ensure you minimize those risks. Hedge your bets.

[fistfullofbtc]

sound advice, one thing as well don't feel guilty to cash profits out when needs be, yes in 10 years you might kick yourself, but we live day to day in the real world.

[iluvbitcoins]

1 gtx 1070 arrived
AsRock h81 pro btc
4 GB RAM

Is there a way I could somehow start mining with that gtx, since there's a long time till the hx1200i arrives

[fistfullofbtc]

1 gtx 1070 arrived
AsRock h81 pro btc
4 GB RAM

Is there a way I could somehow start mining with that gtx, since there's a long time till the hx1200i arrives

if you have a cpu, mobo, power supply, keyboard, monitor, internet connection then yes you can mine with 1 gpu.

[GabryRox]

What's the difference between hx and ax 1200w?

I was thinking of getting something like this
http://www.ebay.com/itm/Corsair-HX1200iProfessional-Platinum-Series-1200-W-ATX-Fully-Modular-PSU-/391806714237?hash=item5b3980017d:g:dGEAAOSwn-tZNc~H

Motherboard
http://www.ebay.com/itm/90676830-ASROCK-H81-PRO-BTC-R2-0-BITCOIN-SOCKEL-1150-ATX-/162488880055?hash=item25d5178bb7:g:D48AAOSw3ZRY~gMa

CPU
http://www.ebay.com/itm/B0306883-CPU-INTEL-CELERON-DUAL-CORE-G1840-PC1150-2MB-CACHE-2-8GHZ-BX80646G1840-/172662807046?hash=item2833815a06:g:7LMAAOSwq1JZDbY6

GPU
http://www.ebay.com/itm/Sapphire-RX-470-4G-NI-OC-RADEON-RX-470-4G-GDDR5-NITRO-OC-/232336483386?hash=item361855643a:g:WYkAAOSwi7RZGa-n
x4 simmilar prices

http://www.ebay.com/itm/Asus-GeForce-GTX-1070-Turbo-Graphics-Card-8GB-GDDR5-DVI-D-HDMI-DP-/282510723638?hash=item41c6f38a36:g:ylYAAOSw2xRYgiU0#viTabs_0
x2 probably

And
https://www.ebay.co.uk/p/PCI-e-Express-1x-to-16x-Riser-Card-USB-Cable-Adapter-Extender-for-Mining-Bitcoin/1625137701
x10

That would be all I need?
Total would be around 2500$

man, double retail and beyond for all old 470/480s now... really wish I would have had the foresight to go clean out all my local stores a couple months ago and turn a nice little 100% profit will very little effort!

[Raziel87]

If you start with the idea of mining now and pay high prices for "old" gpu's with high hashrates is a big risk.
When Ethereum grenades to POS and is less profitable. Guess where the ethereum gold diggers are going? to the other coins.
Diff will rise exponentially with less return. Good luck on selling your old gpu's with very little resale value.
be cautious 

[jennywhzz]

If you start with the idea of mining now and pay high prices for "old" gpu's with high hashrates is a big risk.
When Ethereum grenades to POS and is less profitable. Guess where the ethereum gold diggers are going? to the other coins.
Diff will rise exponentially with less return. Good luck on selling your old gpu's with very little resale value.
be cautious 

If you are looking to make money long term with a GPU, that means near constant research and coin switching.  You can use a profit switching pool, but make sure that the only pool fees are the normal fees and not higher to switch coins. 

[fistfullofbtc]

If you start with the idea of mining now and pay high prices for "old" gpu's with high hashrates is a big risk.
When Ethereum grenades to POS and is less profitable. Guess where the ethereum gold diggers are going? to the other coins.
Diff will rise exponentially with less return. Good luck on selling your old gpu's with very little resale value.
be cautious 

If you are looking to make money long term with a GPU, that means near constant research and coin switching.  You can use a profit switching pool, but make sure that the only pool fees are the normal fees and not higher to switch coins. 

i do this, but you will never make millions, it is steady stream of money, but miners go down etc. i think if i had the cash would buy strong coins.

[posternat]

If you start with the idea of mining now and pay high prices for "old" gpu's with high hashrates is a big risk.
When Ethereum grenades to POS and is less profitable. Guess where the ethereum gold diggers are going? to the other coins.
Diff will rise exponentially with less return. Good luck on selling your old gpu's with very little resale value.
be cautious 

If you are looking to make money long term with a GPU, that means near constant research and coin switching.  You can use a profit switching pool, but make sure that the only pool fees are the normal fees and not higher to switch coins. 

i do this, but you will never make millions, it is steady stream of money, but miners go down etc. i think if i had the cash would buy strong coins.

Really, GPU mining is more of a hobby at this time and more and more so as time goes on.  Hobbies cost you money in the long run, maybe only a little, but they do not generate income.  If you have another use for the GPU, like just generally having a faster computer to play with and use, then the investment has two benefits.

[iluvbitcoins]

I'm not going to need and extra cables for the setup?

I have ordered 9 risers and a sata 3.0 for the SSD

Also, so far I have received 2 rx470s and one gtx1070, intel celeron and asrock h81 probtc

The hx1200i from amazon.co.uk set the dispatch date at 28th June so it's going to take a while before I start mining..

The 2 rx470s I ordered from ebay have not yet been marked shipped and the arrival date was supposed to be yesterday
No response from the Italian seller at all!

I'm afraid I'm going to have to request a refund and find 2 GPUs somewhere else

[jennywhzz]

If you start with the idea of mining now and pay high prices for "old" gpu's with high hashrates is a big risk.
When Ethereum grenades to POS and is less profitable. Guess where the ethereum gold diggers are going? to the other coins.
Diff will rise exponentially with less return. Good luck on selling your old gpu's with very little resale value.
be cautious 

If you are looking to make money long term with a GPU, that means near constant research and coin switching.  You can use a profit switching pool, but make sure that the only pool fees are the normal fees and not higher to switch coins. 

If you are talking about using a separate PC and the GPU card investment is just for mining, be prepared to make it a second job to really make anything at all.

[fistfullofbtc]

ive mined/ing for 3 months with 4-6 gpus, i have changed the rig design 4 times, changed fans, stopped a potential fire when i overloaded the psu on 1 line. this is one rig, people think it is easy it isn't, because shit happens and you need to solve it quickly. i make a bit of money but nothing to even give a job up for and mine cost 3k usd. it is a lot of hassle foe not a lot returns.

[kjs]

Not at this stage unless you have an advantage versus the competition.

Just buy your choice of coin(s) directly at this stage, lock them away securely, then check back in a years time

[fistfullofbtc]

profitability has halved pretty much this week which is shit.

[stefek99]

I've invested £2k into a ready-build 6xGPU mining rig.

Hoping for the positive outcome.

I hope it will pay for itself in the 1 year or so...

(back in the day the calculators shown 2 months ROI)

[dadesu]

If you are living in country with relatively cheap electricity there is no reason you will not invest in gpu mining.
Gpu mining have potential to last for very long time period. And if you dont have cheap electricity then
go to buy some coins with good potential, like ethereum, netko, ripple...