Thaughts on this mining farm

[r3lentleSs]

I'm looking to set up another mining farm to mine the new Equihash algo. coin BTG Bitcoin Gold!
I am looking to buy an entire mining farm over.

4 MINING RIGS:

1 RIG 6x 1060 GTX 6GB's
3 RIG 6x 1060 GTX 3GB's

A couple concern's:

Electricity is pretty expensive here , comes in @ around 0.20 - 0.22 cents.
---> I heard the 6 gb's are better for opmtimal hashrate/powerconsumption?
He told me the rig runs @ about 2Kilowatt, around 500 watts per rig.

Price:
I'm looking to buy this for 6000EUR so around 7000$
----> Is this a fair price? So 4 rigs with these specs...

6x GTX 1060
120 GB SSD
MSI MOBO 6X PCI
1000 WATT GOLD RATED PSU
8GB RAM
CPU I3 / CELERON

Thanks for reading

-R

[Sev18]

For equihash mining. there's hash difference about 5~10% between 3gb and 6gb version.
Hash difference is not big, but 3gb version may become unable to mine ethereum because of DAG size in about March 2018.
In case of the equihash coin becoming not profitable anymore, I recommend purchasing 6gb version.

Price seems little expensive than my country, but it has variations. Check out your local PC components price.

[r3lentleSs]

Yes, the DAG size was also one of my worries.
But should be another year atleast.
https://investoon.com/tools/dag_size

[Metroid]

Electricity is pretty expensive here , comes in @ around 0.20 - 0.22 cents.

Do not mine, do not be a fool, with such high electricity price the only winner is the electricity company ehhe

Buy the coins and sell after 500% pump or so, trust me you will be a winner.

[leowonderful]

Your electrical price is way too high for mining to really be profitable at all. It's better to just invest in coins that you think will rise in price the most over a long period of time. The profits you'll be making will be tiny and ROI will be extremely long. In the US the average electrical cost is $0.11/kWh, yours is much higher than that.

[Metroid]

Your electrical price is way too high for mining to really be profitable at all. It's better to just invest in coins that you think will rise in price the most over a long period of time. The profits you'll be making will be tiny and ROI will be extremely long. In the US the average electrical cost is $0.11/kWh, yours is much higher than that.

You see this people never ever learn anything. They think a miracle will happen again like it happened in june 2017.

[r3lentleSs]

I'm in BTC since 2011, i mined alot of LTC's in 2012-2013.
This would be purely for hobby

[r3lentleSs]

Your electrical price is way too high for mining to really be profitable at all. It's better to just invest in coins that you think will rise in price the most over a long period of time. The profits you'll be making will be tiny and ROI will be extremely long. In the US the average electrical cost is $0.11/kWh, yours is much higher than that.

It's more as a hobby.
And i did some calculations and for ex. Zcash. I'd still have 200$ profit after my elec. costs/month.
But i don't really care about elec. costs, i only care about accumulating crypto.....

[Metroid]

I'm in BTC since 2011, i mined alot of LTC's in 2012-2013.
This would be purely for hobby

So is a "hobby" and is a "mining farm", have you lost your mind? Nobody creates mining farms as a hobby with such high electricity price. Also mining farms is not  a hobby, it cant be a hobby cause the time and money invested is a lot, mining farms is a full time job, ask the pro miners here. Also if you did a lot in 2011 2012 and 2013, how can you even think about it hehe is beyond me.

[r3lentleSs]

Electricity is pretty expensive here , comes in @ around 0.20 - 0.22 cents.

Do not mine, do not be a fool, with such high electricity price the only winner is the electricity company ehhe

Buy the coins and sell after 500% pump or so, trust me you will be a winner.

I've been in BTC since 2011, so don't think i'm a fool, and in 2012-2013 i mined 4 figures in LTC.
And my elec. costs were more expensive.
I don't mine to sell, i mine to hold.

And at this stage its more about as hobby.

[Metroid]

I've been in BTC since 2011, so don't think i'm a fool, and in 2012-2013 i mined 4 figures in LTC.
And my elec. costs were more expensive.
I don't mine to sell, i mine to hold.

And at this stage its more about as hobby.

Well if it worked for you in the past, i hope it will work for you in the future and about your question, I think 6000 euros for those 4 similar systems is a bargain.

[r3lentleSs]

I forgot to add, i'm only going to run 2 rigs aswell, the other 2 are for another mate.
So we could make a better deal, if we would buy them all.
So i only would have 2 rigs running.

[Metroid]

I forgot to add, i'm only going to run 2 rigs aswell, the other 2 are for another mate.
So we could make a better deal, if we would buy them all.
So i only would have 2 rigs running.

That is fair, well if is only 2 then i guess we could call a hobby. It's a good price on the hardware.

[r3lentleSs]

Thank you for the input.

-R