Asic or Gpu?

[OasisDre]

Guys I'm trying to build a mining farm in near future but I want to know which set ups is good enough to last me for years, I'm thinking of going for latest asic miners or graphics cards like RTX or AMD Radeon VII and Vega, pleas some advice is needed

[gt_addict]

Firstly this should really be asked in the "Mining (Altcoins)" section as this section of the forum is for Bitcoin only related threads. If you are looking at setting up a BTC mining farm then you are in the right place.

But that being said the only thing that will last you years is the initial setup, Warehouse/Building, Power infrastructure and Internet infrastructure. Asics will be "out of date" within a year or two (depending on your electricity cost and coin value).

GPU's may last you longer but you would need to change the algo to whichever is the most profitable (there are profit switching miners you can get).

Initial costs between the two I couldn't speculate on as I'm only a hobby miner and my knowledge about big farms in limited.

The first thing to do is work out how much the electricity is going to cost and what your power draw limit is wherever you plan to set up a farm. Then you need to cost all the relevant infrastucture.

[philipma1957]

actually if he wants to mine asdic for btc only or go gpu for a mix of algos or even cpu for a mix of algos.

I would argue if the answer is go sha-256 and mine only btc it could stay here.

To op don't mine for any big money unless you have 50 watts of free power or under 3 cent power.


If you have normal power cost of 8 to 30 cents a watt you should only mine very very very very little.

Since btc is the gold standard I would get a cheap miner and point it at solo.ckpool.org


http://solo.ckpool.org/users/146UJM5kgzLVUV23CXCf33KQKHckoX1gx3

I point very little hash to solo.ckpool.org and hope for a miracle  it is btc

you should really do this and then the thread could stay here.

[mikeywith]

Well before this topic gets moved to Altcoins mining, allow me to chime in with a bit of information.

What you doing here is really comparing apples to oranges, ASIC miners are noisy (not good for home use), they use more power and etc. but with all things equal and thus talking about fruits in general and not apples vs oranges my take on it is always stick to ASICs based on sha256 algorithm.

I can list a dozen reasons why BTC is better than almost other coins combined at least in terms of mining profitability, I will state one simple argument which is mining efficiency improvement in the future. 

With Sha256 miners, we have pretty much squeezed and close to fully utilize the available technologies, we are at 5nm, how more efficient can we go? take one of the latest Nvidia GPUs for an example RTX 2080 Ti, if I am not mistaken even that last generation is built on 12nm, in plain English, there is still a ton of ROOM for growth, which "devalues" your investments, and the same thing applies to non-sha256 gears.

In other words, it's pretty normal that we see Antminer L7 that is 3 times more efficient than L3++ next year, but very unlikely that we can have Antminer S21 that is even twice as efficient as the S19, the same thing goes to GPU based coins.

Add to that the obvious reasons of how bitcoin has a better rate of surviving crashes, hard to 51% attack, pretty secured and etc.

TL;DR

I vote ASIC Sha256

[adaseb]

If you want a mining setup that is going to last a few years then you need to go the GPU route since ASICs are obsolete pretty quickly. Right now unfortunately unless there is some crazy FOMO and ETH doubles in value or triples there isn't much profit to be made.

Take a RX 470 8GB GPU for example, at the moment with $0.10 kwh power, which is the industry household average, you will make $0 per day. Basically all your profits are going towards electricity costs.

The best time to mine was 2016 thru 2018 and you would of ROI'd your cards a few times over, best would of been if you held most of the mined ETH in 2016 and sold at peak in 2018, would of been a millionaire pretty much with 1 rig. Now who knows where the future will take us. My advice just buy the coins and HODL and hope for the best.

[Ryushin]

I choose asic miner over GPU because of their power, the latest asic has lowest 7nm and faster, you will easily get your ROI back but asic miners are power hungry, this is where GPU do things better, few GPUs like gtx1050ti has very low power usage

[Kvalentine]

It will be a lot better if you can just invest your money on Bitcoin or Ethereum and still find ways to make money like trading coins on Exchanges, just my own thoughts though, this is stress free

[adaseb]

I choose asic miner over GPU because of their power, the latest asic has lowest 7nm and faster, you will easily get your ROI back but asic miners are power hungry, this is where GPU do things better, few GPUs like gtx1050ti has very low power usage

Just because something is faster and uses more power doesn't mean you will easily ROI. I am not sure what bitmain has released lately however in the past, most of their miners were very overpriced. Also there is the halving which is happening next month. I don't think its a guaranteed ROI.

Guaranteed ROI is maybe if you buy some second hand motherboards, cpu, gpu, psu, ram, etc and mine with very low power cost and sell it a year or 2 later to recoup some of your costs.

Currently the only people who are mining profitability right now are huge farms with cheap power or people who live at some student housing/office work which has free electricity available with their lease. For most residential people its just not profitable right now at all.

[KaratX]

Guys I'm trying to build a mining farm in near future but I want to know which set ups is good enough to last me for years, I'm thinking of going for latest asic miners or graphics cards like RTX or AMD Radeon VII and Vega, pleas some advice is needed

It's wise to wait for Bitcoin Halving to take place first because rewards will reduced for all mining rigs or Asics, do not make use of any calculators for now, new graphics cards are coming too, just wait