Bitcoin Forum
September 19, 2019, 06:03:13 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: Need suggestions on building mining rig  (Read 604 times)
mpadhu
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 26, 2019, 09:28:18 AM
 #1

Hi Guys,

I am new to mining and need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings from mining?.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1568916193
Hero Member
*
Offline Offline

Posts: 1568916193

View Profile Personal Message (Offline)

Ignore
1568916193
Reply with quote  #2

1568916193
Report to moderator
1568916193
Hero Member
*
Offline Offline

Posts: 1568916193

View Profile Personal Message (Offline)

Ignore
1568916193
Reply with quote  #2

1568916193
Report to moderator
Mashy81
Jr. Member
*
Offline Offline

Activity: 223
Merit: 1


View Profile
April 26, 2019, 10:21:00 AM
 #2

I am still mining and I think it will still be good for GPU mining for a little while to come.
There is a lot of cheap used mining gear around now so by used. some of the 6, 8 or 9 riserless gpu motherboards are good and very cheap now.
Its hard to go past used rx570 and rx580 cards at the moment they are so cheap. even vega56/64 cards are cheap.
sereze
Newbie
*
Offline Offline

Activity: 12
Merit: 1


View Profile
April 26, 2019, 11:02:26 AM
Merited by vapourminer (1)
 #3

There are some risks. If AMD 7 nm Navi gpu's will be a lot more efficient and a  lot more cheap, then your hardware will be useless. Crypto market might go down, then your hardware will be useless too. If you buy used gear then, you can sell them % 80 of the purchase price but that is applied for about a year, as newer and better gpu's come to market old ones will be cheaper and cheaper . Today, Most gpu's have 3 years ROI time, I suggest you to wait until ROI is at least a year or 1.5 years. If you really want to start, check profits from whattomine, I think 1070ti's are better option or P106,P104. Good luck .
serhanni
Full Member
***
Offline Offline

Activity: 644
Merit: 100



View Profile
April 26, 2019, 11:39:58 AM
 #4

Hi Guys,

I am new to mining and need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings from mining?.


Before you build mining rig for $$$, make sure you checked some mining profitability calculators. For example; estimated profit between $1,5 - $2,5 for 6 x 1060 6GB gpus according to https://crypt0.zone/calculator/s/ysj1nhbc

If I were you, I would buy proof of stake coins instead of building rig.

🏦 PointPay 🏦 - Welcome to the future of the BLOCKCHAIN-BASED BANKING
█  ROUND 1 LIVE
ANN    Whitepaper    Ecosystem    Medium    Twitter    Telegram    Facebook
swogerino
Legendary
*
Offline Offline

Activity: 1456
Merit: 1025


KnowNoBorders.io


View Profile
April 26, 2019, 12:18:49 PM
 #5

Hi Guys,

I am new to mining and need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings from mining?.


You should look at local marketplaces online and international ones like Ebay and try to buy the rig because you have some chances to get it cheaper rather than building it yourself with you buying the parts.

When I worked in Serbia some time ago I bought a mining rig with 6 Rx 570 cards for only 750 Eur.I think you can find a rig near this price in international markets.

Check all options and then decide what to get.

   ▄▄██████▄▄
  ████████████
███▄▄
 ██████████████▀▀▀██▄
████████████████   ▀██▄
████████████████     ▀██
██████████████       ██▌
██████████████        ▐██
██▌▀▀██████▀▀         ▐██
▐██                   ██▌
 ██▄                 ▄██
  ▀██▄             ▄██▀
    ▀██▄▄▄     ▄▄▄██▀
      ▀▀█████████▀▀
MAIN CLUB
PARTNER of
W A T F O R D  FC
Industry Leading Crypto Sportsbook
|
SPECIAL
WATFORD FC
PROMOTIONS
|
UNIQUE
CONTENT &
GIVEAWAYS
|
▄▄█████████▄▄
▄█████████████████▄
▄██████████▀▀▀▀███████▄
▄█████████▀     ████████▄
▄██████████   ████████████▄
█████████        ██████████
█████████▄▄   ▄▄███████████
███████████   █████████████
▀██████████   ████████████▀
▀█████████   ███████████▀
▀████████▄▄▄██████████▀
▀█████████████████▀
▀▀█████████▀▀
.PLAY  HERE.
[/t
TheHas
Full Member
***
Offline Offline

Activity: 616
Merit: 167


View Profile
April 26, 2019, 12:20:20 PM
 #6

Depending on electricity prices in your area, you would earn between $0-2.50 (approximately of course).

You could try whattomine website to get a sense of profits, but I suspect you wouldn't make much money if you spent thousands now. You would be relying on the price of the coins to go up to really make anything, which is the same as if you bought coins!

It is a great hobby and learning experience so if money isn't your main motivation, then I'd say have a go.

Also, since you already have on 1060 the profits are pretty easy to calculate, it'll be about what you make now times six! perhaps with a bit of efficiency from still powering only one motherboard etc.
JeffBrad12
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 500

★YoBit.Net★ 1400+ Coins Exchange


View Profile
April 26, 2019, 12:50:22 PM
 #7

Hi Guys,

I am new to mining and need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings from mining?.


Before you build mining rig for $$$, make sure you checked some mining profitability calculators. For example; estimated profit between $1,5 - $2,5 for 6 x 1060 6GB gpus according to https://crypt0.zone/calculator/s/ysj1nhbc

If I were you, I would buy proof of stake coins instead of building rig.
6 GTX 1060 costs $1200 and based on your calculation and it gets $2.5 as the highest return. But in staking with that little amount and you can get nothing for each day. it needs a lot of money to make OP can get at least a dollar in a day.
But it's still need a lot of electricity.

mpadhu
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 26, 2019, 01:40:02 PM
 #8

Hi Guys,

I am new to mining and need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings from mining?.


Before you build mining rig for $$$, make sure you checked some mining profitability calculators. For example; estimated profit between $1,5 - $2,5 for 6 x 1060 6GB gpus according to https://crypt0.zone/calculator/s/ysj1nhbc

If I were you, I would buy proof of stake coins instead of building rig.
6 GTX 1060 costs $1200 and based on your calculation and it gets $2.5 as the highest return. But in staking with that little amount and you can get nothing for each day. it needs a lot of money to make OP can get at least a dollar in a day.
But it's still need a lot of electricity.

The rig may cost around $800 roughly when built with used GPUs and other parts. So is it better to invest that money in buying some of the cryptos and trade using them?.
Piskeante
Member
**
Offline Offline

Activity: 644
Merit: 10


View Profile
April 26, 2019, 01:55:16 PM
 #9

ANYONE, trying to build a mining rig right now, should be considered an ignorant. Mostly because the profit you will get for your mining rig, is just about 2$ considering a prettly low price for the kW of around 0,08$ and also ignoring your time and fees from the mining pool.
And this is just considering you are able to put all the system together and perform like this : 6x GTX 1060 6gb doing 135Mh (which is probably not realistic for you, since most cards won't even do 22mh/s) and also being able to reduce power consumption to as low as 550W. And this is just the power consumption of the cards. Now take into consideration the other power usage of CPU, Ram, SSD and other peripherials, and also consider the capability for your PSU.

And if this was not enough to make you think it twice , Let me tell you that your time to ROI, will be huge. You can buy GTX 1060 6gb at second hand for about 150$. 150x6= 900$. Apart from a good PSU, mobo, ram , cpu, cpu cooler and risers.

At 2 $ per day at best, your time to ROI only the cards will be 450 days. And this is considering your mining rig will be able to operate every single day no matter the conditions.

Do you want an advice??? DO NOT ENTER MINING, not even like a hobby. This is the best advice anyone here will give you.

BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
mpadhu
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 26, 2019, 03:03:03 PM
 #10

I am still mining and I think it will still be good for GPU mining for a little while to come.
There is a lot of cheap used mining gear around now so by used. some of the 6, 8 or 9 riserless gpu motherboards are good and very cheap now.
Its hard to go past used rx570 and rx580 cards at the moment they are so cheap. even vega56/64 cards are cheap.

How much do you earn per day from mining and what's your rig's configuration?
Badman-Crypto
Jr. Member
*
Offline Offline

Activity: 58
Merit: 6


View Profile
April 26, 2019, 03:08:30 PM
 #11

Hi Guys,

I am new to mining and need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings from mining?.


I'd say it depends on the coin you want to mine. If you are looking at buying 6 1060 GPUS, then I would definitely suggest looking at a dedicated ASIC that is within the same price range.

                          veil                            /////  PRIVACY WITHOUT COMPROMISE.  /////
https://veil-project.com/
CjMapope
Legendary
*
Offline Offline

Activity: 1386
Merit: 1037


^^^Selling Bnet Keys for BTC


View Profile
April 26, 2019, 03:30:30 PM
 #12

Hi Guys,

I am new to mining and need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings from mining?.


lol 1060, what do those make maybe 10 cents a day IF that? and thats with free power?
so your gonna spend 1000+$ to make less than a dollar a day, seems legit Cheesy
@that point just buy the coins man, BTC and ETH are STEALS right now imo

~Got this gurl in my bed, a roof over my head, I mine a couple coins a week, and that's how i make bread~
~Profitable CPU mining:      app.boid.com/u/CjMapope       ~
~im AFK more often than not from here nowadays, this forum has become too PC,cant even speak freely here anymore with the circle-jerk and mob mentality~
john2231
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1001



View Profile
April 26, 2019, 03:32:32 PM
Merited by vapourminer (1)
 #13

Did you tried checking this thread https://bitcointalk.org/index.php?topic=5135665

You can see the mining analysis out there from profitability to GPU price and power consumption.
So if you are living on good electricity rate you can gain more profit.

Look at the analysis there 1660ti and 2060 is a better option if the used GPU price is near to the price of these GPU much better to buy these 2 recommended GPU but if you get cheaper price in gtx 1060 why not start mining with 1060 rigs.

You can use some tools to calculate your daily mining profit but the difficulty changes and the price of coin is not stable.

Here's the tools you can use.

whattomine.com
coincalculators.io
coinwarz.com
cointomine.today
GREENch
Full Member
***
Online Online

Activity: 728
Merit: 102


HiveNet - Distributed Cloud Computing


View Profile
April 26, 2019, 04:18:35 PM
 #14

It all depends on the cost of electricity. If it is free ( included in the rent, etc.) then mining will be beneficial in any case.

joseph32
Jr. Member
*
Offline Offline

Activity: 289
Merit: 7


View Profile
April 26, 2019, 04:31:58 PM
 #15

It all depends on the cost of electricity. If it is free ( included in the rent, etc.) then mining will be beneficial in any case.

THIS!

And if you want to get a detailled picture, get AwesomeMiner ( https://bitcointalk.org/index.php?topic=676942.0 ). Install and setup a mining profile. The hashrates and power usageges you can get from calculators or just check some actual videos on Youtube (for example Vosk).

If done, switch to the Online Services tab and watch it whenever you have some time. It will give you everything you have to know about profitability and if it's worth to you or not.
79b79aa8d5047da6d3XX
Full Member
***
Offline Offline

Activity: 666
Merit: 101


Colletrix - Bridging the Physical and Virtual Worl


View Profile
April 26, 2019, 04:33:17 PM
 #16

It all depends on the typenof minning rig you want to build.  Basically there is the CPU and GPU type of minning rig. The type and powerr pf your mining rig will determine what you need. You need to consider the hashrate which is measured in terms of their megahashes (MH/s), gigahashes (GH/s), and terahashes (TH/s) per second. Also consider energy consumption and how much profit you can realise after spending for energy then also consider your hardware price of which you will be using.  This will help you your net profit after all expenses

vuli1
Jr. Member
*
Offline Offline

Activity: 207
Merit: 2


View Profile WWW
April 26, 2019, 04:45:31 PM
 #17

why you ppl rushing into mining? It is over for  more than a year. You missed the train.
Why would you spend 300$ x 6 gpus = 1800 - 2000$ to get 2$ in return?

★ PRiVCY ➢ Own Your Privacy! ➢ Best privacy crypto-market! ★
✈✈✈[PoW/PoS]✅[Tor]✅[Airdrop]✈✈✈ (https://privcy.io/)
kryptopolak
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
April 26, 2019, 06:14:46 PM
 #18

You can pick up vega 56's for around 280$ x 6 = 1680 - 1700$. brings in 5 - 7$ a day, depending on what coin/algo you choose to use. I understand the rest of the components are not added into that price but either way that is a decent profit, at today's low crypto prices...

If you truly believe in crypto or a certain project/token then why not mine, you could spend 2000$ and buy the crypto, maybe the market will crash and you lose that 2000$, if you buy a rig, at least you can sell the parts and make some of the money back. I have been mining since 2013/14, i started mining litecoins with 2x AMD 7950's and 2x AMD 6770's since then, i have seen the market swing up and down way to many times, people get discouraged when the market is low and say its not worth it... when i started out i was mining 1LTC every 3 days or so, and back then price was 1-2$, seemed not really worth it hey? i sold a lot of my LTC around 250$ a piece, now tell me again it wasn't worth it. Today i mine 5XMR a month, yes i know... its not worth it again right... peak XMR price was 375, crypto is still in its early stages. It may never see those highs again, but trust me, it is and will continue to be profitable to mine.
lunobird
Full Member
***
Offline Offline

Activity: 728
Merit: 113


View Profile
April 26, 2019, 06:51:31 PM
 #19

You can pick up vega 56's for around 280$ x 6 = 1680 - 1700$. brings in 5 - 7$ a day, depending on what coin/algo you choose to use. I understand the rest of the components are not added into that price but either way that is a decent profit, at today's low crypto prices...

If you truly believe in crypto or a certain project/token then why not mine, you could spend 2000$ and buy the crypto, maybe the market will crash and you lose that 2000$, if you buy a rig, at least you can sell the parts and make some of the money back. I have been mining since 2013/14, i started mining litecoins with 2x AMD 7950's and 2x AMD 6770's since then, i have seen the market swing up and down way to many times, people get discouraged when the market is low and say its not worth it... when i started out i was mining 1LTC every 3 days or so, and back then price was 1-2$, seemed not really worth it hey? i sold a lot of my LTC around 250$ a piece, now tell me again it wasn't worth it. Today i mine 5XMR a month, yes i know... its not worth it again right... peak XMR price was 375, crypto is still in its early stages. It may never see those highs again, but trust me, it is and will continue to be profitable to mine.

Ya I bet if you had the chance to buy or mine ltc back in the day you would have wished you should have bought them instead of mining them breaking near even with electric. Would have been a multi millionare instead.

You probably put more than 5k into minings rigs hoping to break even.  If you put 5k on LTC at $1 dollar thats 5000 LTC and that would make you over a million.  But instead you got your rigs paid off as your reward instead of having over a million
kryptopolak
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
April 26, 2019, 07:21:45 PM
 #20

You can pick up vega 56's for around 280$ x 6 = 1680 - 1700$. brings in 5 - 7$ a day, depending on what coin/algo you choose to use. I understand the rest of the components are not added into that price but either way that is a decent profit, at today's low crypto prices...

If you truly believe in crypto or a certain project/token then why not mine, you could spend 2000$ and buy the crypto, maybe the market will crash and you lose that 2000$, if you buy a rig, at least you can sell the parts and make some of the money back. I have been mining since 2013/14, i started mining litecoins with 2x AMD 7950's and 2x AMD 6770's since then, i have seen the market swing up and down way to many times, people get discouraged when the market is low and say its not worth it... when i started out i was mining 1LTC every 3 days or so, and back then price was 1-2$, seemed not really worth it hey? i sold a lot of my LTC around 250$ a piece, now tell me again it wasn't worth it. Today i mine 5XMR a month, yes i know... its not worth it again right... peak XMR price was 375, crypto is still in its early stages. It may never see those highs again, but trust me, it is and will continue to be profitable to mine.

Ya I bet if you had the chance to buy or mine ltc back in the day you would have wished you should have bought them instead of mining them breaking near even with electric. Would have been a multi millionare instead.

You probably put more than 5k into minings rigs hoping to break even.  If you put 5k on LTC at $1 dollar thats 5000 LTC and that would make you over a million.  But instead you got your rigs paid off as your reward instead of having over a million

Never assume someone's financial status, I actually did purchase quite a bit when they were selling for around 0.80 cents, anyways, anyone can say "i bet you wished you bought"... i bet you wished you bought BTC when it was pennies, thankfully i was mining and constantly accumulating more and more...I may not be a multi millionaire, but i do live debt free, and trust me its a good feeling. At that time i could not afford to gamble anymore with crypto, the hardware i purchased created a safe way of accumulating more crypto over time, and i have had no trouble selling any of the equipment to buy newer better cards. The point of my post is, mining has been up and down for years, to date, there has yet to be a time where in the long run it is not profitable.
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!