Building First Rig: ROI and Resale Value

[ambien22]

Hello Bitcointalk!

After watching countless YouTube videos, hundreds of google searches and browsing the forums I'm getting closer and closer to purchasing my first mining rig. I'm leaning towards NVIDIA cards but could be swayed to AMD as I am still new. I'm currently mining with nicehash with a GTX970 and able to still make profits to keep the rig running. However I want to invest in a bigger standalone rig and venture into using claymore and other custom mining software.

The two major things I am hoping to get out of my rig is:

• Return on Investment
• Resale Value

I'm unsure what NVIDIA cards currently have the best ROI and it appears most agree that the 1080TI family is going to provide the best re-sale value. I'm really not crazy about making profits but want to get into this as a hobby and if profits come with that I am fine. If I lose money thats fine. Just looking for some advice from the community to get me started.

I'd say my ceiling spending is about $3,000 USD; however I'd like to keep it around $2,000 USD.

Thanks ahead of time for any responses!

[Dannyh2]

Return on investment is different for everyone. You can do calculations online, but that's just a calculation of today. No one can say when or how much ROI you can get. Time will tell.
Resell value on the other hand is something different. You can lookup what second hand cards costs now. And that will be your resell value. The thing is, as new generation cards are released your resell value will drop off course.

Buying second hand gear will help with resell value because its cheaper to invest 

[Agozyen]

Return on investment is different for everyone. You can do calculations online, but that's just a calculation of today. No one can say when or how much ROI you can get. Time will tell.
Resell value on the other hand is something different. You can lookup what second hand cards costs now. And that will be your resell value. The thing is, as new generation cards are released your resell value will drop off course.

Buying second hand gear will help with resell value because its cheaper to invest 

This is excellent advice for a first rig.  I would add that once you get everything up and running and if you wish to build  more mining rigs, please please please get a power supply tester.  They are around $10 and will save you so much time when something fails.  Tracking down issues with multiple GPUs crammed in a rig can  be a time-consuming nightmare.  Downtime = lost profit.

[jaromiradamek]

ROI is easy to calculate, but changing very fast.

For example I calculate my profit before 2 months for one 1070 card as 45 USD - 20 USD for electricity, but was after month 60 - 20 USD (Bitcoin go up for 30 percent and took other currencies with him).

So you may calculate some "starting" point, and definitely is good to think about revenue, but reality will be different after one month and will variate heavily by tens of percent after several months... Its just my 2c.

[Elder III]

You might be able to build a 6x AMD Rx 580 4GB rig for $2000 or a 6x Nvidia GTX 1070 rig for $3000. This would be based on USA sale prices... most other countries in the world will be more expensive.  Based solely on the prices of altcoins today I would find the Rx 580 to be a quicker ROI, but the GTX 1070 is more versatile (which bodes well for the future). AMD also requires more fiddling with to get optimal performance, which may be a negative if you are new to mining... on the other hand a $2k rig is allot cheaper then a $3k rig to start out with.

[orkoso]

It is better to think of no resale value. The cards break under intensive use.

[ambien22]

Thank you everyone thus far for the replies, I certainly appreciate them. I'm hoping to start building sooner than later but it seems I may have MOBO, PSU, CPU, and ram before I get any cards (not for lack of funds, but supply). Then again it seems a lot are in this boat.

You might be able to build a 6x AMD Rx 580 4GB rig for $2000 or a 6x Nvidia GTX 1070 rig for $3000. This would be based on USA sale prices... most other countries in the world will be more expensive.  Based solely on the prices of altcoins today I would find the Rx 580 to be a quicker ROI, but the GTX 1070 is more versatile (which bodes well for the future). AMD also requires more fiddling with to get optimal performance, which may be a negative if you are new to mining... on the other hand a $2k rig is allot cheaper then a $3k rig to start out with.

I'm finding it more and more difficult to piece a build with all of the shortages and price gauging. I had found the h110 BTC+ at MSRP this morning and failed to pull the trigger fast enough and watched it turn from in stock to OOS in my cart!

I've seen a lot of builds with 1060's; I think they are great. In regards to sustainability I'm wondering if 1080 Ti's are going to be the best route.

I guess my choices are...

(2) - 1080 Ti's
(4-6) 1060's; 1070's; or 1070 ti's

Anyone able to weigh in on wether these would be reasonable options in regards to sustainability aka future mining opportunities?

It is better to think of no resale value. The cards break under intensive use.

I hear you there and I am definitely aware of the risks of no return.

[cpmcgrat]

Hello Bitcointalk!

After watching countless YouTube videos, hundreds of google searches and browsing the forums I'm getting closer and closer to purchasing my first mining rig. I'm leaning towards NVIDIA cards but could be swayed to AMD as I am still new. I'm currently mining with nicehash with a GTX970 and able to still make profits to keep the rig running. However I want to invest in a bigger standalone rig and venture into using claymore and other custom mining software.

The two major things I am hoping to get out of my rig is:

• Return on Investment
• Resale Value

I'm unsure what NVIDIA cards currently have the best ROI and it appears most agree that the 1080TI family is going to provide the best re-sale value. I'm really not crazy about making profits but want to get into this as a hobby and if profits come with that I am fine. If I lose money thats fine. Just looking for some advice from the community to get me started.

I'd say my ceiling spending is about $3,000 USD; however I'd like to keep it around $2,000 USD.

Thanks ahead of time for any responses!

Agree with DannyH here, it really depends. If you pick a good coin to mine you can ROI very quickly. My most recent build (6x NVIDIA 1070) ROIed after 40 days of mining Zencash due to a large spike (+500%).

As for what cards to get, NVIDIA cards are still the king for gaming IMO. Also, I prefer Equihash coins to CryptoNight/Ethash coins, which NVIDIA cards are much better at mining. However, I do have a couple of AMD Vega 56s mining Electroneum.

[Elder III]

You can get mining specific motherboards in stock here: https://www.deepinthemines.com/collections/biostar-motherboards - don't forget about risers, an open air frame, in addition to the standard PC components.

[ambien22]

You can get mining specific motherboards in stock here: https://www.deepinthemines.com/collections/biostar-motherboards - don't forget about risers, an open air frame, in addition to the standard PC components.

I've custom built three higher end gaming computers, rigs are definitely different but I'm excited to get started. I'll have to check this site out. I was hoping to source from New egg as I have a credit card from them that would give me 0% with no huge out of pocket costs.

Electric https://imgur.com/a/kPOaf

Also I'm no electrician and usually just pay my electric with no care or thought. But am I correct to say I'm paying 0.08644 kWh?

[Makak4R]

as of now - amd, if you are ok with some mumba-umba and other voodoo stuff, would be a best choice - highest ROI from one card like vega (properly tuned) on cryptonight algo, but it is very hard to make rig run stable. usually 2 cards are ok, more - could be problems

in other case - take gtx 1080ti - the models asus strix, zotac amp extreme = if you manage to grab them under $740  the best bang for the buck!
second choice would be gtx 1070ti - plenty of models - try to take them unde $430-450 - then it will be nice

[Smilee]

looks like your power costs are around .16 total.  You need to add up the categories.  You have different pricing above 250KW.

[sexycoin69]

I personally like the gtx 1070's, don't think the 1080's are worth the extra money for little more hashrate. I've had issues with AMD cards in the past so I kinda stay away from them but I think they have the best Return on investment.

[adaseb]

It is better to think of no resale value. The cards break under intensive use.

This isn't an issue due to the fact that all GPUs have 3 year warranty. The real issue is resell value when 10,000,000 GPUs enter the 2nd hand/ebay/Craiglist market when GPU mining isn't profitable anymore.

[ambien22]

looks like your power costs are around .16 total.  You need to add up the categories.  You have different pricing above 250KW.

This is a little depressing, time to re-calculate profits. I'm at a rental property that currently has electric hot water otherwise I think my bill would be only the rig.

Anyone able to comment if the 0.16 is still a reasonable figure it should I look into off-site running?

It is better to think of no resale value. The cards break under intensive use.

This isn't an issue due to the fact that all GPUs have 3 year warranty. The real issue is resell value when 10,000,000 GPUs enter the 2nd hand/ebay/Craiglist market when GPU mining isn't profitable anymore.

This will be a exciting day for gamers, and a sad day for miners.

[Mike011]

1080 ti`s are best for resale value, rx580 is the fastest roi. two mutually exclusive categories.

[ambien22]

1080 ti`s are best for resale value, rx580 is the fastest roi. two mutually exclusive categories.

I'm starting to see that. I've got my build pretty much planned out for the Mobo, cpu, psu, HDD, and ram. Just need to pull the trigger at this point.

[greenplants]

If you're interested in getting a really quick estimation of running costs and profits now, then you can visit https://whattomine.com/
I don't fully recommend basing your future profits on this site as difficulties are changing and prices of coins fluctuate as well. Good luck!

[ambien22]

If you're interested in getting a really quick estimation of running costs and profits now, then you can visit https://whattomine.com/
I don't fully recommend basing your future profits on this site as difficulties are changing and prices of coins fluctuate as well. Good luck!

Thanks for the reply! I've been utilizing that site now for a few weeks it has given me some good insights. I'm thinking the 1070 will be a great beginner rig for me. Now just to source all the parts!

[bigjee]

1080 ti`s are best for resale value, rx580 is the fastest roi. two mutually exclusive categories.

I doubt the 1080ti has better resale than say a 1060.