Need price quote check given on potential purchase of first rig please.

[5BetMyLifeAway]

So I am excited to hopefully purchase my first rig, but to be honest I am totally in unknown waters because until now I have only been a trader with basically zero experience or concrete knowledge of mining.  Luckily I have found someone that I think I can trust that will sell me a rig and host it for me but I need any advice and help breaking down the quote I was given for the rig specs.  I apologize first if this is the wrong forum to post in and will be happily redirected to the correct one if necessary.  Any comments and help would be greatly appreciated, thank you in advance for reading.

Here are the specs I was given.  I was told this is good setup, but second, third and all knowledgable opinions would be very helpful in determining the value of what I'm getting for what i'm paying. 

Rig Specs:

Gigabyte X399 Aorus MB
Threadripper 1950X Cpu
6 x 1080ti MSI Gaming x
16GB Ram
1200W + 850W PSU
Kingston 120GB SSD
TT Flow 240 water cooler (CPU)
Veddha Open Case

Reasonable value and price? 

[1714137909]

1714137909

[1714137909]

1714137909

[1714137909]

1714137909

[hanskan]

3,5k usd

EDIT : you wont be making much money on this at the moment, but if you can afford to pay the electricity and keep the coins for the future then i would go for it. 3k$ in a heartbeat.

EDIT2 : I have have sold most of my GPU-s and 1080ti-s hold their value really well, i get 80-90% back of what i paid a year ago
 

[Za1n]

Considering that rig new would cost about $6500 in parts, the 1950X cpu alone costs $950, and figure $350 for the mobo, and about $750 each for the 6 1080TI boards ($4500 for all 6), and at least another $500 for the PSUs, RAM, SSD and cooler, I very much doubt the seller would let it go for $3500 the poster above me quoted you.

Even if the seller is desperate he can part it out and sell it off to gamers and still fetch $6k plus for the components separately, so I think that is about the price you will be looking at. Anyway, that seems to be too way much rig for general mining and I think you would be very hard pressed to earn your money back in any reasonable time-frame. The great GPU sell-off has yet to begin, wait another month or two and I think even at new prices you would get a much better bargain.

[yoyome]

well, let's break it down and see what comes out of it... shall we???

Gigabyte X399 Aorus MB		$359.99 --(newegg)
Threadripper 1950X		$959.99 --(newegg)
6 x 1080ti MSI Gaming x		$4799.99 --(newegg)
16GB Ram		$159.99 --(newegg)
1200W + 850W PSU		$240.00 --(newegg)
Kingston 120GB SSD		$35.00 --(newegg)
TT Flow 240 water cooler (CPU)		$137.49 --(superbiiz)
Veddha 6-9 gpu Open Case		$59.95 --(ebay)
TOTAL		$6752.40

Now keep in mind this is with all brand new parts.
Start replacing some stuff with refurbs, ditching the 1950x and getting the 1900x and I can see this dropping to ~5k.
Add to that your buddy's assembly fee (let's say $500.00) and you get a very decent 6 gpu 1080 ti rig. All fun and games...

Here comes the not so funny part of getting your money back.
whattomine.com currently estimates that rig at $9.78 /day profit... that seems a bit low in all fairness... so I'll bump that up for you to let's say $15 /day

At $6752.40 that's a ROI of 450 days
At $6000.00 that's 400 days
At $5500.00 it's 1 year

Also, keep in mind that if your buddy is charging you to host it, that generous $15/day profit will take a $3-$4 hit

Bottom line is... do you like gambling???
You could very well come on top much sooner, markets could rebound, coins could start shooting through the roof again and your ROI could be 3-4 mos.
Or you can always hold the coins and who knows... 10 years from now you could be a millionaire.

I just wanted to put some of it in perspective for you

Good luck with whatever you decide.

[5BetMyLifeAway]

Thanks everyone for their input and advice.  So the quote I was given was much higher than $6500 so that is worrying considering I thought this would be a good deal considering what I was being told.  Anyways would it make any difference in what coin was being mined etc?  Also I forgot to mention in my earlier post that the reason I became interested in mining etc is because I have enough coins for a masternode and I think this will be some potentially really good passive income in the long term. 

[5BetMyLifeAway]

Considering that rig new would cost about $6500 in parts, the 1950X cpu alone costs $950, and figure $350 for the mobo, and about $750 each for the 6 1080TI boards ($4500 for all 6), and at least another $500 for the PSUs, RAM, SSD and cooler, I very much doubt the seller would let it go for $3500 the poster above me quoted you.

Even if the seller is desperate he can part it out and sell it off to gamers and still fetch $6k plus for the components separately, so I think that is about the price you will be looking at. Anyway, that seems to be too way much rig for general mining and I think you would be very hard pressed to earn your money back in any reasonable time-frame. The great GPU sell-off has yet to begin, wait another month or two and I think even at new prices you would get a much better bargain.

What do you mean by GPU sell off? What part of my rig specs would be affected by this or how would it be beneficial to wait and get something else in a few months?

[hakumoo]

Considering that rig new would cost about $6500 in parts, the 1950X cpu alone costs $950, and figure $350 for the mobo, and about $750 each for the 6 1080TI boards ($4500 for all 6), and at least another $500 for the PSUs, RAM, SSD and cooler, I very much doubt the seller would let it go for $3500 the poster above me quoted you.

Even if the seller is desperate he can part it out and sell it off to gamers and still fetch $6k plus for the components separately, so I think that is about the price you will be looking at. Anyway, that seems to be too way much rig for general mining and I think you would be very hard pressed to earn your money back in any reasonable time-frame. The great GPU sell-off has yet to begin, wait another month or two and I think even at new prices you would get a much better bargain.

What do you mean by GPU sell off? What part of my rig specs would be affected by this or how would it be beneficial to wait and get something else in a few months?

As mining becomes less profitable used cards will continue to be dumped on the market by people who can't afford to continue mining. This could be for many reasons (bought on credit, over-paid, less than expected returns, not profitable due to higher energy costs, etc). Whether you should wait or not is dependent on your attitude toward what you think will happen next, ultimately nobody has a crystal ball. Paying full price for a GPU rig right now is an objectively bad decision right now. You'd be better off either investing in an Asic that has been priced according to the expected return, or buying a used rig/cards. If you're dead-set on the GPU rig I can't stress enough not paying whatever that guy offered. It's extremely over-priced. Also if you need someone to host your rig, and can't do it on your own I'd be happy to help. Feel free to PM me.

[R0mi]

What do you mean by GPU sell off? What part of my rig specs would be affected by this or how would it be beneficial to wait and get something else in a few months?

Back in January and February of this year, it was easy to resell *used* 1080 Ti cards for $900 on eBay.  Rate has dropped closer to $700.

The reason is that so many ASIC miners have been released, they have destroyed the profitability of mining particular coins on a 1080 Ti.  Bitmain's Z9 mini being the latest example.  If you were using a 6 1080 Ti rig to mine Equihash at Nicehash in order to earn a few bucks a day, that opportunity is now lost because a Z9 will mine Zcash at the rate of 3 or 4 entire 1080 Ti rigs and use only 350 watts, whereas a single 1080 Ti is probably going to draw 150+ watts even with some tuning.

$6,000 for a 1080 Ti mining rig is not a good investment of your cash at the moment.

If you simply want to host a MasterNode, there are several cheap services that will do that for you:  MyNodeRocks being one, Node-VPS being another, just search for sites that host MasterNodes.  They charge $5 a month give or take for hosting your MasterNode.

[smoolae]

Please think twice before starting to GPU mine at the given moment. Yes, you can still make money from it with some luck and mining some unknown coins or mining well-known coins and settle with lower profits.

Just give this one a longer pause for thinking before making the purchase. "ROI" is pretty long atm.

[5BetMyLifeAway]

Thanks everybody!! Very helpful.  It's hard because I want to put my coins to use but I am trying to be patient and make the right decisions going forward.  
I have looked at the new ASIC stuff and especially the Z9 Antminer Equihash but I forgot to mention that I have a Masternode of WaltonChain coins and that can't be used.  I feel like i'm in foreign waters but after reading there's a war going on between the GPU and ASIC Bitmain stuff.  I read on reddit that WTC would be eventually rolling out their own ASIC miners in the future but after talking to some other WTC miners it seems it's still quite some time away before that happens.  Needless to say this is all a bit over whelming but I am up for the task with a lot of help in the process.  I appreciate you all that have replied and continue to help.

Here is a similar rig I found online that is for WTC specifically.  Seems as though GPU stuff investing is not worth it right now and prices are not good so this is all important to know going forward.  Trading is easy compared to this.  This is a long term investment to me so YES long term ROI is important. 

Digital Gold WTC Rig:
https://www.digie.io/walton-train-6x
Thoughts?

[R0mi]

Thanks everybody!! Very helpful.  It's hard because I want to put my coins to use but I am trying to be patient and make the right decisions going forward.  
I have looked at the new ASIC stuff and especially the Z9 Antminer Equihash but I forgot to mention that I have a Masternode of WaltonChain coins and that can't be used.  I feel like i'm in foreign waters but after reading there's a war going on between the GPU and ASIC Bitmain stuff.  I read on reddit that WTC would be eventually rolling out their own ASIC miners in the future but after talking to some other WTC miners it seems it's still quite some time away before that happens.  Needless to say this is all a bit over whelming but I am up for the task with a lot of help in the process.  I appreciate you all that have replied and continue to help.

Here is a similar rig I found online that is for WTC specifically.  Seems as though GPU stuff investing is not worth it right now and prices are not good so this is all important to know going forward.  Trading is easy compared to this.  This is a long term investment to me so YES long term ROI is important. 

Digital Gold WTC Rig:
https://www.digie.io/walton-train-6x
Thoughts?

Uhm, it's even more expensive than your first potential purchase.  PM me, I may be able to offer you some help for free.

ASUS Prime Z370-A is very good board and has 7 PCIe slots out of the gate.  Costs around $150.  Intel i7-8700 under $300 and MicroCenter was offering a bundle discount if you purchased a motherboard and a CPU together.  I like Ryzen's but I haven't found a good 7 / 8 PCIe motherboard for AMD4 yet.  The Z370-A is a solid board.

Best 1080 Ti's - EVGA and it just so happens they are having an attractive fourth of July sale:  https://www.evga.com/products/featured-bundles.aspx

That rig you mention above -- it's not specifically for WTC, just not how this works.  It says on that page that it has 6 1080 Ti's but it doesn't list the make or manufacturer.

Spending moar money doesn't necessarily get you a better rig.

[5BetMyLifeAway]

Thanks everybody!! Very helpful.  It's hard because I want to put my coins to use but I am trying to be patient and make the right decisions going forward.  
I have looked at the new ASIC stuff and especially the Z9 Antminer Equihash but I forgot to mention that I have a Masternode of WaltonChain coins and that can't be used.  I feel like i'm in foreign waters but after reading there's a war going on between the GPU and ASIC Bitmain stuff.  I read on reddit that WTC would be eventually rolling out their own ASIC miners in the future but after talking to some other WTC miners it seems it's still quite some time away before that happens.  Needless to say this is all a bit over whelming but I am up for the task with a lot of help in the process.  I appreciate you all that have replied and continue to help.

Here is a similar rig I found online that is for WTC specifically.  Seems as though GPU stuff investing is not worth it right now and prices are not good so this is all important to know going forward.  Trading is easy compared to this.  This is a long term investment to me so YES long term ROI is important. 

Digital Gold WTC Rig:
https://www.digie.io/walton-train-6x
Thoughts?

Uhm, it's even more expensive than your first potential purchase.  PM me, I may be able to offer you some help for free.

ASUS Prime Z370-A is very good board and has 7 PCIe slots out of the gate.  Costs around $150.  Intel i7-8700 under $300 and MicroCenter was offering a bundle discount if you purchased a motherboard and a CPU together.  I like Ryzen's but I haven't found a good 7 / 8 PCIe motherboard for AMD4 yet.  The Z370-A is a solid board.



Best 1080 Ti's - EVGA and it just so happens they are having an attractive fourth of July sale:  https://www.evga.com/products/featured-bundles.aspx

That rig you mention above -- it's not specifically for WTC, just not how this works.  It says on that page that it has 6 1080 Ti's but it doesn't list the make or manufacturer.

Spending moar money doesn't necessarily get you a better rig.

Thank you very much.  I'm just intimidated with attempting to build my own rig etc...despite my trading background I am not that technical when it comes to computer components, hardware and software, and certainly putting things together.  I have PM'd you and responded more in depth.  Thanks again.

[digiegold]

Hey,

As of right now, no, Walton is not profitable to mine. Of course, we see this as a long term play, but if you're looking for something with a better ROI, we're now mining AION. Take a look into that and let us know if we can help.

Thanks,
Digie Gold

[digiegold]

Hey,

As of right now, no, Walton is not profitable to mine. Of course, we see this as a long term play, but if you're looking for something with a better ROI, we're now mining AION. Take a look into that and let us know if we can help.

Thanks,
Digie Gold

Why would I pay you $10,800 for a 6 NVIDIA card rig and then pay you $2 per card or $12 per day (2x6x30) or $360 per month?

If I wanted to throw money away, I'd hop on a bus to Atlantic City and go to a casino.

Nice.  Now that you've gotten a little attention, you took your Walton "Train" page down.

People like our hosting service. It's certainly not for everyone.

I'm not sure what you're insinuating? We re-did our entire site last week. Walton isn't profitable right now, but did extremely well for a number of our clients for months. There's no reason for us to promote the coin at the moment.

[starmax]

Just $0.02 here... 

Avoid the Gigabyte X399 boards, I have one and hate it.  It has tons of issues, and Gigabyte support for this platform is horrible.  Shop around on the 1950x, you can find some good deals on them now that Threadripper 2 has been announced, or go with a Ryzen2 platform.  Ryzen2 can mine monero well and is a fraction of the cost of Threadripper (I have a Ryzen 2600 that mines 600+ h/s with no overclock).