Hi all
New to the forum.
Me and my business partner have a spare 20k - 30k and was thinking of investing it into a mining rig. The tax man would take it any way otherwise. With any investment we like to at least double the investment within 12 months.
My question is what purpose built or self built hardware do you think we should get for that investment? and what coin(s) to mine?
is it still profitable to mine with that kind of investment?
What you want to do if building mining rigs is watch Amazon and Newegg, do not buy all at once. buy over a 1-2 week term, if you have multiple Amazon Prime accounts it can be faster. Browse Amazon over and over again and you will find great prices on Nvidia Graphics cards when Amazon gets them in stock. Also best since you have the money get an Amazon Store Card for an extra 5% off your order. Buy with the store card, then pay it off. 5% off all orders. They get low amounts and usually 2-3 limit per Amazon account every 48 hours. So buy the limit once the price is low, i.e. $375 1070, etc. Pick up some mining boards and GPU risers and PSU's. If your new, would recommend building 8 GPU rigs as its the easiest. For an 8 GPU rig, with your price range you can do 1080 TI, and should receive a ROI in 150-210 days, and rest is profit. I have Nvidia 1080 TI rigs 8 gpu and i mine Zencash on Equihash algo with EWBF Miner on Windows 10.
For my rig this is how i did it.
CPU: G3900 Intel
Motherboard: Asus Z270-A or Asus Z270-AR
PSU: 2 G3 850
GPU: 8 1080 TI various versions all bought at great prices on Amazon
Risers: These are the ones i purchased
https://www.amazon.com/dp/B073XVGCJQ and
https://www.amazon.com/dp/B073V8TH83Mining Frame: I used the same company as the risers, i used the 8 GPU Mining Rig from Sela Design on Amazon.
You also need a dual PSU link cable and m.2 to PCI-e adapters.
Also if using a Mining Frame purchase a bag of Motherboard screws so you can screw it to the frame.
These rigs are great, i use them and stacked the Mining Frames and have 3 rigs in each stack.