Bitcoin Forum
December 14, 2017, 04:19:12 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Friends coming at me with 40-50k to invest into mining rigs  (Read 3229 times)
Marvell1
Legendary
*
Offline Offline

Activity: 1232


INS Ecosystem


View Profile
July 11, 2017, 04:45:01 AM
 #41

40 -50 k is chump chnage right now due to the high cost of GPUs , you cant even build a real farm for that.  I spent probbaly 60k last year on my farm 250 or so GPUs , including mother boards risers etc  :  now 60k buys what

100 gpus ? and thats not counting all the boards PSU whatever so really only 75 GPU at current prices.


███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █

█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

███
███
███
███
███
███
███
███
███
███
███
███
███
1513268352
Hero Member
*
Offline Offline

Posts: 1513268352

View Profile Personal Message (Offline)

Ignore
1513268352
Reply with quote  #2

1513268352
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
btcgolong
Sr. Member
****
Offline Offline

Activity: 308


View Profile
July 11, 2017, 10:21:46 PM
 #42

40 -50 k is chump chnage right now due to the high cost of GPUs , you cant even build a real farm for that.  I spent probbaly 60k last year on my farm 250 or so GPUs , including mother boards risers etc  :  now 60k buys what

100 gpus ? and thats not counting all the boards PSU whatever so really only 75 GPU at current prices.


Thanks for the reply, it's good to know what other's have done/are doing.


Was shooting for 100 GPUs no matter the cost...overall it's not a lot of money to this investor...just testing waters.


It's really becoming about the opportunity cost for me and the investor...



I have a question, how did you accumulate your 250 gpus?





martyroz
Full Member
***
Offline Offline

Activity: 140


View Profile
July 11, 2017, 10:28:26 PM
 #43


It's really about the opportunity cost for me and the investor...


It's money you both can afford to lose - get in. But not now. Wait 1-3 months for the 2nd hand listings to flood in. Then you can get a lot more hash for your cash.

Tell your funder that it's cyclic and you can lay the foundations for the next surge. Probably when everyone has long forgotten about all this mess.
iamnoobplzhelp
Member
**
Offline Offline

Activity: 112


View Profile
July 11, 2017, 11:39:26 PM
 #44

Take that money and buy Eth. It's so cheap right now!
btcgolong
Sr. Member
****
Offline Offline

Activity: 308


View Profile
July 12, 2017, 01:24:21 AM
 #45

Take that money and buy Eth. It's so cheap right now!

Word on the street is...it's going lower
Marvell1
Legendary
*
Offline Offline

Activity: 1232


INS Ecosystem


View Profile
July 12, 2017, 01:49:19 AM
 #46

40 -50 k is chump chnage right now due to the high cost of GPUs , you cant even build a real farm for that.  I spent probbaly 60k last year on my farm 250 or so GPUs , including mother boards risers etc  :  now 60k buys what

100 gpus ? and thats not counting all the boards PSU whatever so really only 75 GPU at current prices.


Thanks for the reply, it's good to know what other's have done/are doing.


Was shooting for 100 GPUs no matter the cost...overall it's not a lot of money to this investor...just testing waters.


It's really becoming about the opportunity cost for me and the investor...



I have a question, how did you accumulate your 250 gpus?






I got the bulk of them laster year onnce the rx series were tested to have the same hash rate as 290x and fury cards for 1/2 the power.

bought another 100 from jan to may before prices went stupid.  Selling ny lower endcards the 4gb470 and 480s for around 350 and swapping them for 1070s .

some guy bough 10 of my asus  4gb 470 cards which bough for $135 in march ,  Idk if they know something I dont


███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █

█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

███
███
███
███
███
███
███
███
███
███
███
███
███
TeamGreen
Jr. Member
*
Offline Offline

Activity: 48


View Profile
July 12, 2017, 08:08:48 AM
 #47

I hear people from 2-3 years ago saying difficulty is too hard with their current  hardware at the time and I hear people now saying the same thing with new hardware. There is no easy money. You gota mine and be willing to accept to break even or have slim profits in the short term to mid term. If your willing to accept that potential reality then go for it. The real gains come from holding your coins as long as you can, or until it has a nice price breakout after mining them if your lucky. That can take 6 months or more. The biggest mistake to me is giving up and not trying it. I rather try and fail and try again. Those are the winners. It's just like housing. Get in as early as you can. It's a long term game. Always think bigger picture, go against trend, and do things that not many people are doing due to difficulty.

Going back to specifics if your going to run a mining farm you're going to have to learn as you go, debug the hardware equipment and software,  find ways to better optimize cost of equipment as you build and go on.  Even if it's not the most optimized your fighting against time so you can make a few mistakes and keep improving as you go.  Ditch the shopping list and just do it and build your 1st fully functional working rig. Once that's running perfectly you'll build your next rig cheaper and more efficient. Start small and expand

One of the best comments I have seen on these boards for quite some time.  Very well said.
Marvell1
Legendary
*
Offline Offline

Activity: 1232


INS Ecosystem


View Profile
July 12, 2017, 10:36:44 AM
 #48

I hear people from 2-3 years ago saying difficulty is too hard with their current  hardware at the time and I hear people now saying the same thing with new hardware. There is no easy money. You gota mine and be willing to accept to break even or have slim profits in the short term to mid term. If your willing to accept that potential reality then go for it. The real gains come from holding your coins as long as you can, or until it has a nice price breakout after mining them if your lucky. That can take 6 months or more. The biggest mistake to me is giving up and not trying it. I rather try and fail and try again. Those are the winners. It's just like housing. Get in as early as you can. It's a long term game. Always think bigger picture, go against trend, and do things that not many people are doing due to difficulty.

Going back to specifics if your going to run a mining farm you're going to have to learn as you go, debug the hardware equipment and software,  find ways to better optimize cost of equipment as you build and go on.  Even if it's not the most optimized your fighting against time so you can make a few mistakes and keep improving as you go.  Ditch the shopping list and just do it and build your 1st fully functional working rig. Once that's running perfectly you'll build your next rig cheaper and more efficient. Start small and expand

One of the best comments I have seen on these boards for quite some time.  Very well said.

lol my rigs get more expensive with newer builds since i realise i need more power over head, better more powerful GPUs ,Better motherboards  etc not cheaper


███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █

█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

███
███
███
███
███
███
███
███
███
███
███
███
███
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!