First time mining rig

[martyroz]

OK so I happen to have enough spare parts to form the basis of a new mining rig - that being an old 2500k CPU, Gigabyte mobo (5*PCIE), RAM and a 5400rpm HDD.

I have been mining for a few days on my GTX 1070 at 29.5MH/s ETH and 291MH/s SIACOIN using claymores dual miner. It seems fairly fun/interesting and I believe what others say about people who get into mining today have a 50/50 chance of making 100% ROI. I like those odds Besides, it's as good an excuse as any to get a new 1080 ti in my gaming rig and push the 1070 to the mining rig. So I did just that and it's on it's way from the 'states'.

Up next I'm trying to decide on how big to make the mining rig? I already have 5 risers on the way and a 1070 ready for it. I'm looking at adding 4*1060 6GB and a corsair gold 1000W PSU. In Australia that's coming in at $1700 AUD delivered ($1280 USD). All RX4** and RX5** are sold out here. GTX1070 costs $414USD and the 1080ti costs $850USD. (I sourced mine through newegg for approx $760USD delivered)

I can see other peoples logic that buying 1080ti is great resale later. And lets be honest, I'd love to game in SLI, but that would kill 6-8hrs a day of mining time. I think I'm happy with the 1060 6GB price point at $270USD. I know I can source them from the states at sub $200USD, but after shipping costs and warranty issues... there's not much in it. Besides, that wont be the factor that makes or breaks the ROI here.

I guess that's about as much as I'm willing to gamble for now. And even if I hit 60-70% ROI, I'll be happy. It's a fun hobby after all.

Do you think $1500 USD is a sensible budget for someones first mining rig? ($1280 + resale value of the 1070)

[Nokia555]

Hey,

1080TI is doing very well right now. 11-13$ per day. http://mylifegadgets.com/GTX1080TI

GPU0: 913.19 Mh/s @190W DGB-Skein.

[martyroz]

Hey,

1080TI is doing very well right now. 11-13$ per day. http://mylifegadgets.com/GTX1080TI

GPU0: 913.19 Mh/s @190W DGB-Skein.

Amazon won't ship to me. I would have to use a parcel forwarding facility at an added cost.

It looks like a 50-60 day roi no matter what the card?

[adaseb]

Hey,

1080TI is doing very well right now. 11-13$ per day. http://mylifegadgets.com/GTX1080TI

GPU0: 913.19 Mh/s @190W DGB-Skein.

Amazon won't ship to me. I would have to use a parcel forwarding facility at an added cost.

It looks like a 50-60 day roi no matter what the card?

No price can fall and difficulty keeps going up.

[martyroz]

No price can fall and difficulty keeps going up.

Yes of course, and its expected somewhat - I said in the OP that if its a 50/50 call for 100% ROI, I'll take it. But for the purpose of choosing a card, they all 'look like' a similar ROI.

I guess the main thing in favour of 1080ti is the resale in six months. Ex-flagship are consistently sold for 70-80% purchase price here. I guess AMD may also influence that, but the 1080ti won't get punished like a 1060 would.

[alani123]

Hey,

1080TI is doing very well right now. 11-13$ per day. http://mylifegadgets.com/GTX1080TI

GPU0: 913.19 Mh/s @190W DGB-Skein.

Amazon won't ship to me. I would have to use a parcel forwarding facility at an added cost.

It looks like a 50-60 day roi no matter what the card?

No price can fall and difficulty keeps going up.

That's exactly right. It is very likely that the market sits on top of a bubble right now and consequences could be catastrophic for any kind of investment in mining.

[martyroz]

consequences could be catastrophic for any kind of investment in mining.

Well I'm not about to neck myself over $1500 so let's say it could be catastrophic for some people.

[Vaccinus]

Hey,

1080TI is doing very well right now. 11-13$ per day. http://mylifegadgets.com/GTX1080TI

GPU0: 913.19 Mh/s @190W DGB-Skein.

you can do 1giga on skein with more consumption, but who care about consumption with this absurd profit right? 1 1080ti can now do $450 a month and return your investment in 1.5 months, the consumption should be around $30 per month or so, very low compared to the earning

[martyroz]

I've gone for two more 1080ti's @ $770 USD landed. Had to be EVGA for the global warranty.

I will put 2*1080ti and 1*1070 to work in the mining rig, keeping 1*1080ti in my gaming rig. I won't bother with SLI gaming until they have paid their rent. At 40% ROI I think I'll move one to my gaming rig.

The resale is what convinced me... 1060/1070 wont be worth as much once the current boom of mining is done - But a used 1080ti should still be at 70-80%RRP by 6 months. Unless AMD spoils the party.