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Author Topic: Is it worth it to build a 6 or 8 GPU mining rig today?  (Read 2471 times)
bdog1234
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August 24, 2017, 12:10:23 AM
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I am new to this but have built a ton of computers and am pretty tech savvy. I currently have an ASIC mining BTC.

With the upcoming difficulty bomb looming for ETH is it worth it to spend the 3.5k or so to build a 6-8 GPU miner? No one can predict the future but is it reasonable to expect this to remain profitable long enough to see ROI?

 
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jyakulis
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August 24, 2017, 12:16:13 AM
 #2

It does not seem profitable at all right now no matter what cards you choose. Best config and price I can configure in my head is like a 6 mos roi or more. On amazon all the gpu are way over msrp.

I think 1060 6gb if you can get a good price give the shortest roi. The power reqs are great too.

Also consider it future speculation...

igotfits
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August 24, 2017, 12:42:22 AM
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1060s 6gb all the way. no doubt about it, price, power, nothing better.
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August 24, 2017, 12:48:27 AM
 #4

no, forget mining, buy eth and wait few weeks and you will see your money quadruple hehe
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August 24, 2017, 12:50:32 AM
 #5

1060s 6gb all the way. no doubt about it, price, power, nothing better.

Any RX 570 4GB card is better and more profitable than ANY 1060. I also suggest you don't listen to people that tell you mining isn't profitable. It is, in fact more profitable than it's been historically including the beginning of this year. Do your own research and determine what's best for your own situation, just as you should when considering ANY investment, rather than listining to random people with their own agenda or bias.
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August 24, 2017, 12:59:30 AM
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Let me put this way, if you are a business owner and you can invest your money in something that will ROI in six month don't do it. If your money is sitting in a bank or an invesment fund that gives 10% profit per year, then yeah mining is still profitable.


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whitrzac
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August 24, 2017, 12:59:46 AM
 #7

1060s 6gb all the way. no doubt about it, price, power, nothing better.

Any RX 570 4GB card is better and more profitable than ANY 1060. I also suggest you don't listen to people that tell you mining isn't profitable. It is, in fact more profitable than it's been historically including the beginning of this year. Do your own research and determine what's best for your own situation, just as you should when considering ANY investment, rather than listining to random people with their own agenda or bias.

Except they're all $100 over MSRP.
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August 24, 2017, 01:01:04 AM
 #8

It is profitable right now for sure, but definitely not as profitable as it was a few months ago. If the price of GPUs was back down at MSRP then it would be much more attractive, but it's still viable if you can find good deals on hardware.  Be prepared to follow the markets very closely and be willing to experiment allot if you want to maximize your profits.

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August 24, 2017, 01:25:16 AM
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Like the above posters are mentioning, this is confusing times.

If GPU's are above MSRP, then it's difficult to know whether or not the ROI period will be long enough to break even. If the GPU's are cheap, they are either clapped out or there's no money in mining.

Here are some things to consider:

0) Get up to speed on ETH mining and what's happening in that ecosystem and it's impact on alt mining revenue.

1) Read Phil Ma's blog (in this forum) for tips and heads up on component bargains. Among other things, he finds amazing deals throughout the commercial and ebay worlds. He is also someone that discusses money management. You cannot read too much.

2) If you are serious and decide to mine and have made money with your ASIC miner, combine the ASIC miner and the GPU miner into one pool of money/operation and go from there.
car1999
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August 24, 2017, 01:31:56 AM
 #10

I'm building a 12*gtx1060 3gb(samsung memory) rig at 3000$USD, i think it is profitable.
BennyT
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August 24, 2017, 03:04:24 AM
 #11

I'm building a 12*gtx1060 3gb(samsung memory) rig at 3000$USD, i think it is profitable.

Nice! I can't get any Samsung memory cards in the 3gb versions but I do the love the 1060's. Power usage is so low compared to my 1070's.
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August 24, 2017, 03:45:15 AM
 #12

I'm building a 12*gtx1060 3gb(samsung memory) rig at 3000$USD, i think it is profitable.

Nice! I can't get any Samsung memory cards in the 3gb versions but I do the love the 1060's. Power usage is so low compared to my 1070's.
yes, i've tested the card, 23mh/s, @80watts, very stable. I can supply all the 12  cards and mobo with single PSU.
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August 24, 2017, 03:45:50 AM
 #13

It does not seem profitable at all right now no matter what cards you choose. Best config and price I can configure in my head is like a 6 mos roi or more. On amazon all the gpu are way over msrp.

I think 1060 6gb if you can get a good price give the shortest roi. The power reqs are great too.

Also consider it future speculation...



You pretty much contradicted yourself.  You say its not profitable at all right now, but then go on to say there is a 6 month roi.  People were spoiled by the mining boom I think.  6 months to get your investment back and then its pure profit is not bad.
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August 24, 2017, 03:50:02 AM
 #14

I am new to this but have built a ton of computers and am pretty tech savvy. I currently have an ASIC mining BTC.

With the upcoming difficulty bomb looming for ETH is it worth it to spend the 3.5k or so to build a 6-8 GPU miner? No one can predict the future but is it reasonable to expect this to remain profitable long enough to see ROI?

 

I think you need to set your expectations and be prepared to mine other currencies beside ETH.  I actually got into mining to mine ETH,  but once I got my cards I realized mining other currencies were more profitable.  That was just in my situation though.  Certain cards perform differently than others, you have to be willing to read a lot of forum posts, do research, find the best miners, and mine the currency that will bring in the most profit.  Its almost been a blessing for me, as I had been converting all of the alt coins to bitcoin, hadn't sold my bitcoin, and now its at record prices.
car1999
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August 24, 2017, 03:53:40 AM
 #15

I am new to this but have built a ton of computers and am pretty tech savvy. I currently have an ASIC mining BTC.

With the upcoming difficulty bomb looming for ETH is it worth it to spend the 3.5k or so to build a 6-8 GPU miner? No one can predict the future but is it reasonable to expect this to remain profitable long enough to see ROI?

 

I think you need to set your expectations and be prepared to mine other currencies beside ETH.  I actually got into mining to mine ETH,  but once I got my cards I realized mining other currencies were more profitable.  That was just in my situation though.  Certain cards perform differently than others, you have to be willing to read a lot of forum posts, do research, find the best miners, and mine the currency that will bring in the most profit.  Its almost been a blessing for me, as I had been converting all of the alt coins to bitcoin, hadn't sold my bitcoin, and now its at record prices.
converting all the coins to BTC is a great idea, cannot agree with you more.
oisilener1982
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August 24, 2017, 04:30:14 AM
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NO

Mining is slowly dying especially with the Metropolis update for ETH
kjs
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August 24, 2017, 05:19:12 AM
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1) Read Phil Ma's blog (in this forum) for tips and heads up on component bargains. Among other things, he finds amazing deals throughout the commercial and ebay worlds. He is also someone that discusses money management. You cannot read too much.

What is the URL?
civilufo
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August 24, 2017, 05:33:56 AM
 #18

Well, it is still profitable if your electricity bill not too high per kW. But you won't get profit too soon. Based on ROI, currently might takes about 9 months or more to break even your investment on hardware. Or even longer depends on cards and coin mine.

puwaha
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August 24, 2017, 05:39:28 AM
 #19

Let me put this way, if you are a business owner and you can invest your money in something that will ROI in six month don't do it. If your money is sitting in a bank or an invesment fund that gives 10% profit per year, then yeah mining is still profitable.

Uh... what?  Ask any real-world business owner if they would like to make a 100% return on their investment capital (not ROI!) in 6 months and 100% of them will take that deal.  Many real-world businesses don't make any profit  for 1 to 2 years.  Every cent of revenue goes back into the business, and many owners don't take a salary in the beginning.

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August 24, 2017, 07:19:34 AM
 #20

1) Read Phil Ma's blog (in this forum) for tips and heads up on component bargains. Among other things, he finds amazing deals throughout the commercial and ebay worlds. He is also someone that discusses money management. You cannot read too much.

What is the URL?

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