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Author Topic: Beginner in mining rig  (Read 609 times)
Ghani
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August 31, 2017, 12:43:03 AM
 #1

Hello everyone, I need your answers and help
1. consideration before starting this thing?
2. Which tools should I buy to cope with increasingly difficult mining? (Minimum / standard)
If anyone is willing to describe all the tools I need to buy, I say thank you very much!

Thanks!!  Smiley

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Undefined31415
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August 31, 2017, 03:15:16 AM
 #2

1. Mining is not a get-rich quick scheme. Sure, many of us have gotten lucky, but much of that has to do with price variation rather than mining alone. This leads us to 1b:

1b. There is a chance that your mining rig will not generate more profit than you would have ended up earning by taking your mining rig funds and buying certain cryptos.

1c. There is a chance that you will fail to break even.

2. If by "tools", you mean hardware, then I would personally recommend a GPU rig. ASICs tend to lose much of their resale value as soon as a significantly better chip is distributed, although many people still swear by them. GPUs generally hold their value better.

Look around this subforum and you'll find plenty of suggestions related to GPU hardware, or certain ASICs, for that matter.

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bearsworth
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August 31, 2017, 03:30:23 AM
 #3

1. Mining is not a get-rich quick scheme. Sure, many of us have gotten lucky, but much of that has to do with price variation rather than mining alone. This leads us to 1b:

1b. There is a chance that your mining rig will not generate more profit than you would have ended up earning by taking your mining rig funds and buying certain cryptos.

1c. There is a chance that you will fail to break even.

2. If by "tools", you mean hardware, then I would personally recommend a GPU rig. ASICs tend to lose much of their resale value as soon as a significantly better chip is distributed, although many people still swear by them. GPUs generally hold their value better.

Look around this subforum and you'll find plenty of suggestions related to GPU hardware, or certain ASICs, for that matter.


I think the reason to go gpu mining is that it is less risky than investing directly if you don't watch the coin values constantly. Also, people like the fact that they can buy hardware and eventually have it free to mine anything. The cons of course is slower path to riches and it takes effort to monitor and you would have to know how to fix things when they occur.

Bitrated user: cryptomark.
siforek
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August 31, 2017, 05:14:27 AM
 #4

If you expect to make $ you need to treat this like a business. Sure you could just throw together the best rig you can for now, start mining & wing it, but there's no this + this + this perfect strategy you can follow that will 100% work out exactly as expected. Do research, LOTS of research, like a couple hours every day for a few weeks if possible. Youtube videos make it easier but to be honest I was calling most people online idiots long before I even started mining.

If you just want to get started do that with whatever you figure out is best for you. Get a couple of cards or a used ASIC that's still profitable to mine with(I just sold my Antminer for 3 times what I paid for it 2 months ago) & get just your feet wet. There's even a post in this forum where dude is selling USB miners for $60 & I'm telling friends to get them just to get started. But if you really want to make $ mining long term a legit business plan isn't a bad idea. I store every point of data I can, save every receipt, calculate every watt, hash & cable tie to the cent... but my goals aren't everyone's.

At least make a spreadsheet to compare cards etc. & when you do get started please for the love of god don't use Windows(or do, what do I know)

Ghani
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September 01, 2017, 02:18:12 PM
 #5

Thanks for all of you
after I think it's incomplete if you know the digital currency without having all the contents
yes, yesterday I ventured to buy it and until now I am still studying step by step in order to get as I want
as always, i know this world without someone guiding and this i do in my new job, good luck Smiley
and once again thank you all

blucg
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September 07, 2017, 11:55:27 AM
 #6

If you expect to make $ you need to treat this like a business. Sure you could just throw together the best rig you can for now, start mining & wing it, but there's no this + this + this perfect strategy you can follow that will 100% work out exactly as expected. Do research, LOTS of research, like a couple hours every day for a few weeks if possible. Youtube videos make it easier but to be honest I was calling most people online idiots long before I even started mining.

If you just want to get started do that with whatever you figure out is best for you. Get a couple of cards or a used ASIC that's still profitable to mine with(I just sold my Antminer for 3 times what I paid for it 2 months ago) & get just your feet wet. There's even a post in this forum where dude is selling USB miners for $60 & I'm telling friends to get them just to get started. But if you really want to make $ mining long term a legit business plan isn't a bad idea. I store every point of data I can, save every receipt, calculate every watt, hash & cable tie to the cent... but my goals aren't everyone's.

At least make a spreadsheet to compare cards etc. & when you do get started please for the love of god don't use Windows(or do, what do I know)



Sounds like really good advice to do it this way!

Why not Windows?
Za1n
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September 07, 2017, 12:17:07 PM
 #7

At this point in the game I would start very slowly with only 1 or maybe 2 GPUs and use your existing PC if at all possible. If this is not possible, try to keep your overall build costs to a minimum. I think we are starting to enter a very tight period of low profitability versus the relatively high (retail prices have been jacked up) cost of entry, and that this period will last a good long while.

In a few months, if you are still interested in mining, I cannot help but think the prices of hardware will be coming down as the mining environment reaches its saturation point and some people start to get out by selling their equipment. This will not only increase the supply of used mining hardware, but also pressure new hardware prices to come down as both new demand will be lower while second-hand supply will be increasing, putting lower price pressure on both (used and new) market segments.
Edwardbn
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September 09, 2017, 06:46:32 AM
 #8

Honestly if I was you I would just invest the money you're going to spend on a rig into buying ether.
The difficulty bomb is currently hitting. You wont get your money back for a long time.
By the sounds of it you have no knowledge on setting up a rig. Not to say you can't learn, but by the time you get the parts and get the machine built. Then trouble shoot and get it set up with custom bioses it will probably be another month from now. Buy some ether when it dips and hold it for a few years.

siforek
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September 13, 2017, 02:12:08 PM
 #9

If you expect to make $ you need to treat this like a business. Sure you could just throw together the best rig you can for now, start mining & wing it, but there's no this + this + this perfect strategy you can follow that will 100% work out exactly as expected. Do research, LOTS of research, like a couple hours every day for a few weeks if possible. Youtube videos make it easier but to be honest I was calling most people online idiots long before I even started mining.

If you just want to get started do that with whatever you figure out is best for you. Get a couple of cards or a used ASIC that's still profitable to mine with(I just sold my Antminer for 3 times what I paid for it 2 months ago) & get just your feet wet. There's even a post in this forum where dude is selling USB miners for $60 & I'm telling friends to get them just to get started. But if you really want to make $ mining long term a legit business plan isn't a bad idea. I store every point of data I can, save every receipt, calculate every watt, hash & cable tie to the cent... but my goals aren't everyone's.

At least make a spreadsheet to compare cards etc. & when you do get started please for the love of god don't use Windows(or do, what do I know)



Sounds like really good advice to do it this way!

Why not Windows?

There's many reasons.. It's not free/cheap, it's the 1 common factor I see with most people who have issues & IMO it's totally unnecessary. Headless rigs make the most sense to me, just like servers, you don't need a mouse or keyboard, simply SSH into PiMP, nvOC or Ubuntu, run a few commands/configs & you're done!

I walked a friend through building a rig & setting up everything using Linux in no time at all. Let me be clear though, this guy has never used a command line in his life, in fact he didn't even know what it was yet he's mining away right now kicking ass & is glad he didn't have to buy a monitor, keyboard or mouse. You can't do that with Windows.
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September 13, 2017, 06:09:21 PM
 #10

I walked a friend through building a rig & setting up everything using Linux in no time at all. Let me be clear though, this guy has never used a command line in his life, in fact he didn't even know what it was yet he's mining away right now kicking ass & is glad he didn't have to buy a monitor, keyboard or mouse. You can't do that with Windows.

Says who?

Here's the very quick steps needed to get a Windows rig setup to run headless...

1. Install Windows (depending on the version of Windows you may not even have to activate!)
2. Install missing drivers for mobo and video card
3. Turn off Windows Update service
4. Enable auto login
5. Disable sleep mode in power control panel
6. Enable RDP


That's all you have to do.  From that point on disconnect the monitor keyboard and mouse and RDP into the rig from the comfort of your couch.

I just do one more step.  I install  the Awesome Miner agent and then I rarely even have to RDP into the rig.  The Awesome Miner console will control the rig, download mining software, change my mining software and pools at will or on a profit-switching interval.


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