20k budget what hardware and what coin?

[skella83]

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?

[1715234264]

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[1715234264]

1715234264

[1715234264]

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[1715234264]

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[Moondoggie]

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?

Some 1080ti's.
Whats best to mine changes week to week. A look at https://whattomine.com/ will give you a a rough idea of what to expect.

[h311m4n]

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?

Honestly, if this is just cash you can spare, then go buy some ETH and other coins on an exchange if your goal is to double your investment. Eth reached 400$ two months ago. Granted, there was a lot of hype and the price has corrected itself, but at currently ~200$, it's still a 2000% increase in a few months.

Too much uncertainty at the moment to get into mining with large amounts of cash unless it's cash you can afford to lose.

I see no reason for ETH not to reach higher prices again.

[Sev18]

If you have enough place, several 6way GTX1060 mining rigs.

But in these days, difficulty increase is so fast, just buying ETH could be more profitable.

[Jdope]

Hello!

For starters, doubling your investment within 12 months is not guaranteed and is likely a long shot, with that said, if you are willing to put miners in a different place i would get some litecoin or the new dash ASICs, if not then i would make a few 1080 or 1060 rigs, mine decred, sia, digibyte or lbry with the 1080s (and stash them for a while) or mine etc/eth with the 1060.

[d57heinz]

Spread it out over several coins you feel will have value in future.  And I can't stress the "you" part enough.  Forget the rigs altogether.  Mega farms have this locked down now.  The diff will continue to skyrocket as more asics for the "asic resistant" coins are built.  If you feel the coin will be around long enough to mine your investment back then by all means just invest in the coin.  Sit on your hands and come back in a year.  

BR
Doug

Ahh. Almost forgot the most important rule of crypto. Some may refer to it as the golden rule of crypto.  "Don't invest more than you can afford to lose".

[Ayers]

i feel like the 1070 or 1080 or 1080ti, now are the best choice, but due to shortage they are very limited, or expensive, if you can find them go for the 1080ti, is a beast and can still mine for $100 a month, also there is no new gpu coming from nvidia until next year, so you would have the most powerful one

[Regulater]

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/B073V8TH83
Mining 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.

[BennyT]

I'll throw my own opinion in here after having built a few 1070 mining rigs. I just built an 8 gpu rig with 1060 3gb cards for the first time. I wish I would have built these and only these from the start. They are selling for a great price right now it's like a no brainer. The 3gb limit is fine since ethereums dag file won't reach that level until sometime next year at which point you won't be able to mine ethereum anyway whether it goes to PoS or the difficulty is too high. Then you can switch your rig to mine other coins. At a low two hundred dollar price point, it just doesn't make sense to spend the money on more expensive cards.