RX 580 users

[BTC22]

First, I apologize for all my posts. Im just trying to get the most for my money. Right now I have 6 Sapphire Nitro+ Radeon RX 580 cards coming from Amazon ( so I can return them if needed). For those that use 580's, what pool's do you use? I ran the nicehash profit calculator and it seems on there, it's only $3xx a day per card, but with 1080's and even 1070's, it goes up to almost $6 a day. Any further input would be greatly appreciated. Again, sorry for all the threads.

[Vann]

Profit calculators are just showing profitability based on what you would receive if you cashed out the coins you mined at that moment. They can't predict what the profitablity will be the next day or even the next hour. That's why mining the current most profitable coin that hour is pointless. By the time you accumulate enough coins to cash out, the profitability will have changed. Conversely, what the profit calculator showed as a $6-$7 per day profit, will more often than not be a $4-$5 profit by the time you cash out on the pool and if you were to sell right away. A much better indicator is the average profitability over 3 days and 7 days. By mining and HODLing coins, you can determine the best time to sell. So what the calulator was showing as a $2-3 profit per day, becomes $5-$7+ per day if you wait for the right time to sell.

[BTC22]

Profit calculators are just showing profitability based on what you would receive if you cashed out the coins you mined at that moment. They can't predict what the profitablity will be the next day or even the next hour. That's why mining the current most profitable coin that hour is pointless. By the time you accumulate enough coins to cash out, the profitability will have changed. Conversely, what the profit calculator showed as a $6-$7 per day profit, will more often than not be a $4-$5 profit by the time you cash out on the pool and if you were to sell right away. A much better indicator is the average profitability over 3 days and 7 days. By mining and HODLing coins, you can determine the best time to sell. So what the calulator was showing as a $2-3 profit per day, becomes $5-$7+ per day if you wait for the right time to sell.

Ahh, I see. So do you think nicehash is the way to go or just do ETH or something else?

[BTC22]

Profit calculators are just showing profitability based on what you would receive if you cashed out the coins you mined at that moment. They can't predict what the profitablity will be the next day or even the next hour. That's why mining the current most profitable coin that hour is pointless. By the time you accumulate enough coins to cash out, the profitability will have changed. Conversely, what the profit calculator showed as a $6-$7 per day profit, will more often than not be a $4-$5 profit by the time you cash out on the pool and if you were to sell right away. A much better indicator is the average profitability over 3 days and 7 days. By mining and HODLing coins, you can determine the best time to sell. So what the calulator was showing as a $2-3 profit per day, becomes $5-$7+ per day if you wait for the right time to sell.

Also, thank you for clarifying that. I didn't know.

[Vann]

I have never used Nicehash. It's an easy way to get started with mining on your home PC, but for that convinience they take a cut of your profits and you only have the option to cash out BTC. I find it a better strategy to mine coins that are undervalued and HODL for the right time to sell.

[MrN1ce9uy]

Dang you got lucky on buying 6 of those. How much did you pay?

Anyways, I have 2x RX 580 8GB Nitro+ and I'm seeing Nicehash and ETH are about even right now in profitability if you're getting 31MH/s on each card, which can be tricky but is possible. So take a pick whether Bitcoin or Ether will increase more in price.

And yes higher-end Nvidia cards are more profitable right now with alt-coins going up. They're just more expensive to get started. In the past RX cards were cheaper and you could get twice as many and be making more.

[BTC22]

Dang you got lucky on buying 6 of those. How much did you pay?

Anyways, I have 2x RX 580 8GB Nitro+ and I'm seeing Nicehash and ETH are about even right now in profitability if you're getting 31MH/s on each card, which can be tricky but is possible. So take a pick whether Bitcoin or Ether will increase more in price.

And yes higher-end Nvidia cards are more profitable right now with alt-coins going up. They're just more expensive to get started. In the past RX cards were cheaper and you could get twice as many and be making more.

I paid $3K for 6. Do you think I should just return them?  If so, how about these? https://www.bhphotovideo.com/c/product/1282936-REG/evga_08g_p4_6288_kr_geforce_gtx_1080_ftw.html

[Marvell2]

Dang you got lucky on buying 6 of those. How much did you pay?

Anyways, I have 2x RX 580 8GB Nitro+ and I'm seeing Nicehash and ETH are about even right now in profitability if you're getting 31MH/s on each card, which can be tricky but is possible. So take a pick whether Bitcoin or Ether will increase more in price.

And yes higher-end Nvidia cards are more profitable right now with alt-coins going up. They're just more expensive to get started. In the past RX cards were cheaper and you could get twice as many and be making more.

I paid $3K for 6. Do you think I should just return them?  If so, how about these? https://www.bhphotovideo.com/c/product/1282936-REG/evga_08g_p4_6288_kr_geforce_gtx_1080_ftw.html

$500 per card ?! way over paid, for that much you should have got 1070tis

[MrN1ce9uy]

Dang you got lucky on buying 6 of those. How much did you pay?

Anyways, I have 2x RX 580 8GB Nitro+ and I'm seeing Nicehash and ETH are about even right now in profitability if you're getting 31MH/s on each card, which can be tricky but is possible. So take a pick whether Bitcoin or Ether will increase more in price.

And yes higher-end Nvidia cards are more profitable right now with alt-coins going up. They're just more expensive to get started. In the past RX cards were cheaper and you could get twice as many and be making more.

I paid $3K for 6. Do you think I should just return them?  If so, how about these? https://www.bhphotovideo.com/c/product/1282936-REG/evga_08g_p4_6288_kr_geforce_gtx_1080_ftw.html

Oh, that's how you got 6 of them. You overpaid. That's $500 ea.

I've no experience with the liquid cooled/hybrid GPUs. That could be an idea. I would tend to go with the Nvidia that have fewer PCIe connectors because you can't run them without all of them connected (unlike AMD). But liquid would keep things cooler I suppose. Those GTX 1080 are a bit overpriced also, but every GPU is right now. The GTX 1080 isn't as overpriced as a $500 RX 580.

Idk mate. I don't want to tell you to return 6 of the most sought after mining cards. But I will tell you that you paid an extra premium price for them.

[BTC22]

Dang you got lucky on buying 6 of those. How much did you pay?

Anyways, I have 2x RX 580 8GB Nitro+ and I'm seeing Nicehash and ETH are about even right now in profitability if you're getting 31MH/s on each card, which can be tricky but is possible. So take a pick whether Bitcoin or Ether will increase more in price.

And yes higher-end Nvidia cards are more profitable right now with alt-coins going up. They're just more expensive to get started. In the past RX cards were cheaper and you could get twice as many and be making more.

I paid $3K for 6. Do you think I should just return them?  If so, how about these? https://www.bhphotovideo.com/c/product/1282936-REG/evga_08g_p4_6288_kr_geforce_gtx_1080_ftw.html

Oh, that's how you got 6 of them. You overpaid. That's $500 ea.

I've no experience with the liquid cooled/hybrid GPUs. That could be an idea. I would tend to go with the Nvidia that have fewer PCIe connectors because you can't run them without all of them connected (unlike AMD). But liquid would keep things cooler I suppose. Those GTX 1080 are a bit overpriced also, but every GPU is right now. The GTX 1080 isn't as overpriced as a $500 RX 580.

Idk mate. I don't want to tell you to return 6 of the most sought after mining cards. But I will tell you that you paid an extra premium price for them.

I know I overpaid, that's part of my issue. Why are RX 580 so sought after?

[wacko]

I know I overpaid, that's part of my issue. Why are RX 580 so sought after?

ETH is the biggest and most known alt coin, and AMD cards are better at mining it. They also used to cost a lot less than nvidia cards, MSRP for RX 470/480/570/580 used to be $200-300. They're definitely not worth it if you're paying $500 per card though. That's the kind of money that can get you a decent 1070 Ti, which is going to be as fast as RX 580 in ETH and faster in everything else. With only one exception — Cryptonight. That's another algo where AMD is noticeably faster.

[BTC22]

I know I overpaid, that's part of my issue. Why are RX 580 so sought after?

ETH is the biggest and most known alt coin, and AMD cards are better at mining it. They also used to cost a lot less than nvidia cards, MSRP for RX 470/480/570/580 used to be $200-300. They're definitely not worth it if you're paying $500 per card though. That's the kind of money that can get you a decent 1070 Ti, which is going to be as fast as RX 580 in ETH and faster in everything else. With only one exception — Cryptonight. That's another algo where AMD is noticeably faster.

Talk to me then. Send them back for those?

[wacko]

Talk to me then. Send them back for those?

That's your decision to make, not anyone else's. Why did you buy them for $500 a piece in the first place? If you just thought they're cool and you'll make tons of money with them and didn't do any real research before placing the order then yeah, it's better to return them I suppose. Then do some reading. Then order something that is actually worth $500. In general you're supposed to do things in this order: first you do your research, then you order equipment. Looks like you did the opposite.

[Marvell2]

Talk to me then. Send them back for those?

That's your decision to make, not anyone else's. Why did you buy them for $500 a piece in the first place? If you just thought they're cool and you'll make tons of money with them and didn't do any real research before placing the order then yeah, it's better to return them I suppose. Then do some reading. Then order something that is actually worth $500. In general you're supposed to do things in this order: first you do your research, then you order equipment. Looks like you did the opposite.

send them back and grab 1070ti cards yeah

[Unknown Suspect]

This is crazy. I ordered fifteen (15) cards from Newegg.com for $249.99/ea and that was in December!. The crappy part is how I had to order them in groups of three. Wait 48hrs. Order three more, etc. I did the BIOS mod and I'm getting 29.8 MH/s per card average for the Samsungs, 28.7 Hynix, and 24.66 with the crappy Elpida memory. Thank God that almost all were Samsung!

[Shitcointalk]

This is crazy. I ordered fifteen (15) cards from Newegg.com for $249.99/ea and that was in December!. The crappy part is how I had to order them in groups of three. Wait 48hrs. Order three more, etc. I did the BIOS mod and I'm getting 29.8 MH/s per card average for the Samsungs, 28.7 Hynix, and 24.66 with the crappy Elpida memory. Thank God that almost all were Samsung!

(off-topic) You do it wrong with elpida memory, I get 31+.

(on topic) As it has already been suggested, send them back and get 1070Ti instead. The only RX580 advantage over 1070ti is that they are twice cheaper !

[BTC22]

Talk to me then. Send them back for those?

That's your decision to make, not anyone else's. Why did you buy them for $500 a piece in the first place? If you just thought they're cool and you'll make tons of money with them and didn't do any real research before placing the order then yeah, it's better to return them I suppose. Then do some reading. Then order something that is actually worth $500. In general you're supposed to do things in this order: first you do your research, then you order equipment. Looks like you did the opposite.

Ahh..no. Thats the going rate for them. I mean, if you could find them for $300, please point me in the right direction. The problem is, I don't know what they are "normally", except what i've seen posted.

[BTC22]

This is crazy. I ordered fifteen (15) cards from Newegg.com for $249.99/ea and that was in December!. The crappy part is how I had to order them in groups of three. Wait 48hrs. Order three more, etc. I did the BIOS mod and I'm getting 29.8 MH/s per card average for the Samsungs, 28.7 Hynix, and 24.66 with the crappy Elpida memory. Thank God that almost all were Samsung!

Which ones because if you look now, you will see how much more they are.

[Tristan1337]

First, I apologize for all my posts. Im just trying to get the most for my money. Right now I have 6 Sapphire Nitro+ Radeon RX 580 cards coming from Amazon ( so I can return them if needed). For those that use 580's, what pool's do you use? I ran the nicehash profit calculator and it seems on there, it's only $3xx a day per card, but with 1080's and even 1070's, it goes up to almost $6 a day. Any further input would be greatly appreciated. Again, sorry for all the threads.

Well I wouldn't really trust Nicehash after what happened. You should wait and see what happens with them first.

And the reason nvidia cards are getting more, is because they mine equihash algorithm better than AMD.

A really good coin to mine is IntenseCoin. It mines really good on AMD cards, and is really profitable! Check it out in my signature. 

[philipma1957]

Talk to me then. Send them back for those?

That's your decision to make, not anyone else's. Why did you buy them for $500 a piece in the first place? If you just thought they're cool and you'll make tons of money with them and didn't do any real research before placing the order then yeah, it's better to return them I suppose. Then do some reading. Then order something that is actually worth $500. In general you're supposed to do things in this order: first you do your research, then you order equipment. Looks like you did the opposite.

Ahh..no. Thats the going rate for them. I mean, if you could find them for $300, please point me in the right direction. The problem is, I don't know what they are "normally", except what i've seen posted.

They are a fucking ripoff send them back