GPU mining profitability

[zoufou]

Hey

Just launched my first rig using 3xRX570 and 3xRX580, ASUS Z270-P mobo and a 1200 Corsair PSU.

Am actually @ 146MH/s and 1300W from the wall, does this seems correct ?
Am mining ETH on nanopool and through my first 2 days, the nanopool's calculator is telling me i'll get 0.712 ETH at the end of the month, that's 155€, it's too low for a 2600€ investmend, ROI can be non achievable at all.

Please help me if am getting something wrond ...

Thanks

[Smontiel]

Hey

Just launched my first rig using 3xRX570 and 3xRX580, ASUS Z270-P mobo and a 1200 Corsair PSU.

Am actually @ 146MH/s and 1300W from the wall, does this seems correct ?
Am mining ETH on nanopool and through my first 2 days, the nanopool's calculator is telling me i'll get 0.712 ETH at the end of the month, that's 155€, it's too low for a 2600€ investmend, ROI can be non achievable at all.

Please help me if am getting something wrond ...

Thanks

First off, you should be using around 800w  +-  just from the gpus, i dont know how is your psu 1200w and ur using 1300w from the wall 

and that is all you can get (maybe a bit more with some tweaking) with this rig, profitability right now is not what it used to be 3-4 months back..

[Za1n]

Hey

Just launched my first rig using 3xRX570 and 3xRX580, ASUS Z270-P mobo and a 1200 Corsair PSU.

Am actually @ 146MH/s and 1300W from the wall, does this seems correct ?
Am mining ETH on nanopool and through my first 2 days, the nanopool's calculator is telling me i'll get 0.712 ETH at the end of the month, that's 155€, it's too low for a 2600€ investmend, ROI can be non achievable at all.

Please help me if am getting something wrond ...

Thanks

You need to adjust your power and get your wattage down as the posted above mentioned. Search for threads or look on YouTube for instructions on how to under-volt or even Mod you GPU BIOS to get better hashrates with less power draw.

However, you are correct in your assessment that at the current rate you will be hard pressed to get a timely ROI on that investment. If you pay for electricity your figures will be even lower, as a properly configured system is still going to draw around 800-900 watts and you will have a higher energy bill that will eat into your already meager profits.

I really scratch my head at all the new threads I see daily about people having "just" bought a bunch of mining equipment without having done any research into profitability. Yes mining 3-6 months ago was very profitable. Even a month ago it was somewhat profitable. Right now it is borderline break-even, and that is for people with already purchased hardware.

[naykos]

Hey

Just launched my first rig using 3xRX570 and 3xRX580, ASUS Z270-P mobo and a 1200 Corsair PSU.

Am actually @ 146MH/s and 1300W from the wall, does this seems correct ?
Am mining ETH on nanopool and through my first 2 days, the nanopool's calculator is telling me i'll get 0.712 ETH at the end of the month, that's 155€, it's too low for a 2600€ investmend, ROI can be non achievable at all.

Please help me if am getting something wrond ...

Thanks

First off, you should be using around 800w  +-  just from the gpus, i dont know how is your psu 1200w and ur using 1300w from the wall 

and that is all you can get (maybe a bit more with some tweaking) with this rig, profitability right now is not what it used to be 3-4 months back..

A PSU with 90% eff will draw 1300w from the wall to supply 1170w, that's what efficiency means.

[terrxysq]

dual mining for those cards are around 100-120w per card. mining eth only is around 80-90w per card.

speed wise yo should get over 28.5 for the 570s and 30 for the 580s. so for your setup 175 is the normal speed.

[coinzoid]

If you consider, GPU mining with lots of gpus, then consider having a platinium level power supply. Traditional ones with silver, bronze will not save you from spending on electricity costs.

[Marvell2]

If you consider, GPU mining with lots of gpus, then consider having a platinium level power supply. Traditional ones with silver, bronze will not save you from spending on electricity costs.

I say that all the time but ppl here dont belive in buying good effecient equpment,

If your gear is paid off its better than break even right now as lomg as you have newer effecient cards
psu's and less that .20 cent power

[ms5]

If you consider, GPU mining with lots of gpus, then consider having a platinium level power supply. Traditional ones with silver, bronze will not save you from spending on electricity costs.

thank you for pointing that out ... ive got a plat 1000 evga but my corsairs not even gold ... i never knew plat could save on electricity just because its plat. 1000 evga plat is the lowest gpu worth buying for mining.

[Metroid]

ooooohhhhhhhh nooooooooo, i guess we will see many threads like this hehe

Mining is just getting back to normal where the profit is around $0.20 per GPU card and yes only losers are mining, there is no point getting that amount per card but that is reality and you trolls need to accept it, best thing to do right now is buy eth and hold if you are a trader, you will get back your investment around 3x in few weeks. Well there are smart miners which will sell only when the prices rises 500% if not then they will keep holding. Only the idiot miners are selling at this current price, also you need to pay attention that miners need money to pay the electricity so there you go, miners will sell part of their coins to pay for the electricity cost. There is no easy money mining, easy money is only when you buy cryptocoins and hold for a time cause that is just how things go and a good example is how bitcoin used to be $0.05 when within the first month of its launch.

[s90x]

Earnings will get even worse shortly due to eth pos, not a good time to invest in new rigs. You must become a hodler.

[Trofo]

Unfortunately you started at a really bad moment. At the moment I believe your best option is to hodl everything you mine because all the coins are really low. Maybe even consider mining less known alt coins. I have been doing just that with Signatum lately and it worked OK for me. Sold something when it was high and keeping all the rest hoping for better days.

[zoufou]

Unfortunately you started at a really bad moment. At the moment I believe your best option is to hodl everything you mine because all the coins are really low. Maybe even consider mining less known alt coins. I have been doing just that with Signatum lately and it worked OK for me. Sold something when it was high and keeping all the rest hoping for better days.

How do you mine less known coins ? can you point me to a pool ? and shall i have a wallet for Signatum for example ?