(XMR) Monero mining with 4x RX 560 4GB - Profitable?

[RayBarK]

So I'm thinking of cashing in some of my BTC, to the tune of $900 and buying 4x RX 560 4GB cards to mine Monero, or even possibly Ethereum (or ethereum classic depending on whichever is a better investment...) Each card should get a base hash rate of 350h/s.
Mining calc tells me that it's $80, with current difficulty and price, a month, on the cards alone (mining Monero).
So is it a good idea to buy them and try my luck with gpu mining or keep the bitcoin and hope the price keeps going up?

[xxcsu]

So I'm thinking of cashing in some of my BTC, to the tune of $900 and buying 4x RX 560 4GB cards to mine Monero, or even possibly Ethereum (or ethereum classic depending on whichever is a better investment...) Each card should get a base hash rate of 350h/s.
Mining calc tells me that it's $80, with current difficulty and price, a month, on the cards alone (mining Monero).
So is it a good idea to buy them and try my luck with gpu mining or keep the bitcoin and hope the price keeps going up?

You forget about one very important information when you asked your question ...
How much are you paying for electricity (with all the taxes) ? this is a mayor factor to calculate your mining income.

with current difficulty , monero/fiat exchange rate with 4 cards you can get around 80$/months minus electricity
if you have to pay 9-10 cents/kwh (or 0.09-0.1USD/kwh) you not going to make any extra income with current difficulty and monero/fiat exchange rate as of today 09/23/2017 .. what you mining you going to spend on your power bill

use a very simple mining calculator , put there your electricity rate and find out ...
Coinwarz Monero Mining Calculator

[Branko]

So I'm thinking of cashing in some of my BTC, to the tune of $900 and buying 4x RX 560 4GB cards to mine Monero, or even possibly Ethereum (or ethereum classic depending on whichever is a better investment...) Each card should get a base hash rate of 350h/s.
Mining calc tells me that it's $80, with current difficulty and price, a month, on the cards alone (mining Monero).
So is it a good idea to buy them and try my luck with gpu mining or keep the bitcoin and hope the price keeps going up?

If you have cards with micron memory, you can get em as high as 450h/s

[Jpti]

So I'm thinking of cashing in some of my BTC, to the tune of $900 and buying 4x RX 560 4GB cards to mine Monero, or even possibly Ethereum (or ethereum classic depending on whichever is a better investment...) Each card should get a base hash rate of 350h/s.
Mining calc tells me that it's $80, with current difficulty and price, a month, on the cards alone (mining Monero).
So is it a good idea to buy them and try my luck with gpu mining or keep the bitcoin and hope the price keeps going up?

It's about the cost of your electricity and the life span of the hardware. Mining both monero and ethereum from GPUs is profitable in normal case.

[RayBarK]

So I'm thinking of cashing in some of my BTC, to the tune of $900 and buying 4x RX 560 4GB cards to mine Monero, or even possibly Ethereum (or ethereum classic depending on whichever is a better investment...) Each card should get a base hash rate of 350h/s.
Mining calc tells me that it's $80, with current difficulty and price, a month, on the cards alone (mining Monero).
So is it a good idea to buy them and try my luck with gpu mining or keep the bitcoin and hope the price keeps going up?

You forget about one very important information when you asked your question ...
How much are you paying for electricity (with all the taxes) ? this is a mayor factor to calculate your mining income.

with current difficulty , monero/fiat exchange rate with 4 cards you can get around 80$/months minus electricity
if you have to pay 9-10 cents/kwh (or 0.09-0.1USD/kwh) you not going to make any extra income with current difficulty and monero/fiat exchange rate as of today 09/23/2017 .. what you mining you going to spend on your power bill

use a very simple mining calculator , put there your electricity rate and find out ...
Coinwarz Monero Mining Calculator

I'm paying $0.06/kwh for my electricity, which works, but I'm wondering if I will get ROI back, and if I should even buy the miners.
Should I mine for the 4 months and hope that difficulty doesn't hike or just keep the money in BTC?

[swampfighter]

So I'm thinking of cashing in some of my BTC, to the tune of $900 and buying 4x RX 560 4GB cards to mine Monero, or even possibly Ethereum (or ethereum classic depending on whichever is a better investment...) Each card should get a base hash rate of 350h/s.
Mining calc tells me that it's $80, with current difficulty and price, a month, on the cards alone (mining Monero).
So is it a good idea to buy them and try my luck with gpu mining or keep the bitcoin and hope the price keeps going up?

You forget about one very important information when you asked your question ...
How much are you paying for electricity (with all the taxes) ? this is a mayor factor to calculate your mining income.

with current difficulty , monero/fiat exchange rate with 4 cards you can get around 80$/months minus electricity
if you have to pay 9-10 cents/kwh (or 0.09-0.1USD/kwh) you not going to make any extra income with current difficulty and monero/fiat exchange rate as of today 09/23/2017 .. what you mining you going to spend on your power bill

use a very simple mining calculator , put there your electricity rate and find out ...
Coinwarz Monero Mining Calculator

I'm paying $0.06/kwh for my electricity, which works, but I'm wondering if I will get ROI back, and if I should even buy the miners.
Should I mine for the 4 months and hope that difficulty doesn't hike or just keep the money in BTC?

450mhs is optimistic - you need to have the right cards and the right bios/settings to reach that.  Out of the box they do 315-330.

Even if you get 450mhs, it's going to take you 8-9 months to break even on the cards.  If you're going into this for short-term (one-year) profits, it's probably not going to work for you well.  If you're doing this as a hobby, and you like tinkering, and you plan to mine and sell a portion of your mined coins to diversify your altcoin portfolio to hold for the long-term, then it might be fun and possibly profitable.

[Johny101010]

I would stay away from the RX560's for XMR. You can find old 280X for $100 or less and with your cheap power you can get ROI for a rig with 6 cards.
They hash stock at about 550.

[Branko]

I would stay away from the RX560's for XMR. You can find old 280X for $100 or less and with your cheap power you can get ROI for a rig with 6 cards.
They hash stock at about 550.

If/when Claymore optimize kernels for baffin too, RX560s will probably beat 500H/s, with very low power (in 30-40W per card range)

[yatta]

Well, i'm doing 530 on each of my rx 560

[Branko]

Well, i'm doing 530 on each of my rx 560

Best I did so far is 471 on micron based cards and 440 on Hynix...but thats on ETH optimized
BIOS-es, I'll work this weekend on monero optimisations as it seems more and more people
are interested to switch to XMR

[yatta]

Mine have Elpida mem, and look that's best one to dig.
I did even 570 on them, but unstable, rock solid is 530 and about 45-50W per each card. Whole rig takes 670W.

And what's strange , 4GB gets lower hashrate than 2GB. All my 530hash cards are 2gb.

[Branko]

I didn't see elpida on RX560s yet...which card manufacturer/model?

XMR is not as memory intensive as ETH, works well on 1GB cards too

[yatta]

Gigabyte rx 560 OC Gaming

[Branko]

Gigabyte rx 560 OC Gaming

Interesting...I have 4 of those, but 4GB version, two are Hynix, and another two Micron

Best RX560 cards, because of good cooling

BTW, you use claymore or some other miner?

[yatta]

Yep, 4GB versions have micron

XMR-Stak

[gregfromo]

Yep, 4GB versions have micron

XMR-Stak

mind sharing your details for configration of everything to achive the hashrate?

[yatta]

Of course, you need 2gb card with elpida memory, core 1050 clock, and mem 2030.
And modded bios

[gregfromo]

rawintensity, worksize, workerthreads, os, driver version, voltage is not worth to mention?

[yatta]

Well, i'm doing 530 on each of my rx 560

Best I did so far is 471 on micron based cards and 440 on Hynix...but thats on ETH optimized
BIOS-es, I'll work this weekend on monero optimisations as it seems more and more people
are interested to switch to XMR

How many card did You run at the same time ? I've noticed, that i can run single card with very high hashrate, but when running 12 it becomes unstable

[yatta]

rawintensity, worksize, workerthreads, os, driver version, voltage is not worth to mention?

Maybe it is worth, but surely not for me