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Author Topic: What hardware to invest around 200k to?  (Read 193 times)
Imelbi (OP)
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September 20, 2020, 05:47:01 PM
 #1

Hey fellow miners.

I have decided to invest around 200k to build a mining farm (I have really cheap electricity). I am having a hard time finding good and in-stock equipment these days. Especially GPUs and motherboards. What are your preferred mining GPUs for late 2020? I was thinking 580 or 570 8GBs, but I could not get any seller with that amount of stock.

What would your recommendation be? Are there any other new mining specific GPUs out there, something similar to p104-100 for example.
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philipma1957
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September 20, 2020, 07:01:17 PM
 #2

Hey fellow miners.

I have decided to invest around 200k to build a mining farm (I have really cheap electricity). I am having a hard time finding good and in-stock equipment these days. Especially GPUs and motherboards. What are your preferred mining GPUs for late 2020? I was thinking 580 or 570 8GBs, but I could not get any seller with that amount of stock.

What would your recommendation be? Are there any other new mining specific GPUs out there, something similar to p104-100 for example.

I would buy used 1080ti's

I would buy used rx 480's

I have 3 members on my thread that have a decent amount of used gear.

https://bitcointalk.org/index.php?topic=5144362.0

I have run these threads for years.

1) citronick
https://bitcointalk.org/index.php?action=profile;u=543165
he has some
https://bitcointalk.org/index.php?topic=5144362.msg55216372#msg55216372

2)crazydane
https://bitcointalk.org/index.php?action=profile;u=1069051
he has some
https://bitcointalk.org/index.php?topic=5144362.msg55221820#msg55221820

3)
badbart
https://bitcointalk.org/index.php?action=profile;u=2200822
he has some
https://bitcointalk.org/index.php?topic=5144362.msg55221855#msg55221855


if you buy from above these guys have all been around a while. you could get a lot of pieces maybe 100 or so.

forget buying 1000 pieces at 200 each to have a 200k build. too late for that.

here is a source of new cards but only 81 of them

https://www.provantage.com/msi-r5700mgpc~7MSTI108.htm



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adaseb
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September 20, 2020, 09:19:35 PM
 #3

$200,000 is alot. Are you sure you got enough room for all this equipment? Say $300 a GPU that's over 666 GPUs which is around ~100 rigs or so. Are you planning on keeping this in your basement at home? I am not sure it would even fit.

You can also just buy some BTC ASICs and mine with those instead. They cost a little more... but the lower efficient ones are cheaper. They take up less real estate but they are much more louder... However I don't think thats going to be an issue because 666 GPU's are also going to make alot of noise.

Regarding mining ETH... keep in mind one day it will go POS and your hardware won't be able to mine ETH anyways. So do you due diligence.

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September 20, 2020, 09:32:21 PM
 #4

According to your plan, i would suggest you to combine between GPU, CPU and ASIC.
@philipma1957  has mentioned about the GPU. As long your monthly income not depend 100% from mining. Mining ETH and ETC still profitable (especially ETH had Defi). . While ASIC you can allocate them for mining BTC. For CPU, Imo, there's 2 project that, imo, will be shine in future, coin called ARWEAVE and Mochimo. But i would prefer Arweave.
Btw don't forget. Mining is one of investment type. Always calculate operational cost first.


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September 20, 2020, 10:01:41 PM
Merited by mikeywith (2), CucakRowo (1)
 #5

According to your plan, i would suggest you to combine between GPU, CPU and ASIC.
@philipma1957  has mentioned about the GPU. As long your monthly income not depend 100% from mining. Mining ETH and ETC still profitable (especially ETH had Defi). . While ASIC you can allocate them for mining BTC. For CPU, Imo, there's 2 project that, imo, will be shine in future, coin called ARWEAVE and Mochimo. But i would prefer Arweave.
Btw don't forget. Mining is one of investment type. Always calculate operational cost first.



There is a lot to understand when investing to mine.

I have written multiple post explaining profit ratios
A 200K SETUP REALLY NEEDS TO LOOK AT THESE POSTS.

Which are being deleted time and time again when I post them in the btc mining section.


Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
if you run 2000 watts or less at home you may make a profit with gpu rigs

but if you run with an asic mining btc directly  you need 3000+ watts and  a 240 volt circuit .

all direct asic mining at home kind of needs 240 volt and a 20 amp circuit.

a used s17 pro pulls 2200 watts at about 53th

it is loud and 53 th is about 0.08 x 53 = $4.24 usd a day

 so 2.2 x 24 = 53 kwatts a day which would be

5.30 a day power in for a 10 cent power fee

most homes are over 10 cents. a kwatt.

but as ognasty told you gpu mining can profit at home.


I can run a 600 watt gpu miner that does 160mh.

it will earn 0.0009648  btc a day which is $10.51 usd a day for only 600 watts.

I have a thread in alt coins that would help you build a gpu rig.


https://bitcointalk.org/index.php?topic=5144362.0

mining btc via auto vert on nicehash is better then mining btc directly at this moment.



sometimes it is the other way around mining btc directly with an asic is better.




Quote from: Bitcoin Forum
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Quote
Comparing the 17 series from bitmain to any other mining gear will always lead to the same results, those 17 series are the worst mining gears anybody has ever made, so without a doubt, the M20 and M21s are far more robust than S17/T17, but since we don't have enough data on S19/T19 we can't be certain about their quality, my bet is "they are much better than the 17 series", but are they better than the m30+/m30++/m30s from microbt?  nobody can tell, it is a bit too early to judge.

But overall comparing Microbt gears to Bitmain in terms of quality, I would say MicroBt, honestly, Bitmain failed big time in the 17 series, S9k , S9e and many other non-btc mining gears, the S9 was the last mining gear from Bitmain with tremendous robustness, I hope they have gone back to the same standards on these 19 series, although I wouldn't trust them until months have passed.

And for the M32s ?
Very few review on it

We wont be reviewing any of them as mining btc directly is very hard to do.

the

30s
31s
32s are all over priced. 

we are in a time right now where gpu mining eth on nicehash and auto verting it into btc is a better more profitable way to mine btc.

now i have posted this in about seven threads 🧵 and it gets deleted by the mod here  in the btc section of mining as off topic.  frankly i disagree with that and think you should know why you are not seeing a lot of reviews for btc gear .

i just spent 4600 on gpus to mine eth on nicehash to autovert into btc.

i use about 2000 watts and earn around 24 usd worth of btc doing that.

if I buy 4600 worth of whatsminers i would be less profitable about 17 usd in btc and burn more then 6000 watts.

until asic btc profits catchup you wont be getting reviews here.

as a guy with 300kwatts of power using only 100kwatts split between asics and gpus is how i am postioned.

I have about 20 s17pros and about 1.7ph of asics mining ⛏ btc directly.

I wont be getting any asics for now. and I will mine with asics and gpus for a while.



Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
And for the M32s ?
Very few review on it

If i am not mistaken the first batch of M32s was sent out in August, so the first person to receive it hasn't yet tried it for a month, so even if you managed to find or a hear a review from someone, it will be somehow inaccurate as the test-period is way too short.

With that being said, since we haven't heard of any major change in the MicroBT management and team, I can only assume that they still maintain the same standards, the huge failure for the 17 series was due to the absence of Jihan, at that time Micree was in charge and he must have made a ton of bad technical decisions which lead to the low-quality of 17 series, or at least this is how Jihan justified the failure to the Chinese miners community, which does make sense if you come to think about it.



and if they meet specs they will be costly and take more one year to pay off.

these are a few post I have had deleted when explaining that gpus are scaling for profit way way way better then asics for btc.
I have about 70k in gear at the moment.
so if you have 20k or 200k to spend on gear.

please look at what
1) gear price
2)power used
3)coin earned

at the moment 4600 in gpus using 2000watts
make 24 usd worth of  btc on nice hash mining eth and auto-vetting to btc
and 4600 in asics directly mining btc using 6000 watts make 17 usd worth of btc.

so it is easy to see gpus are better right now.
it is not so easy to see this swings back and forth which means be diverse and don't jump in like a mad mad all or nothing guy.

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CucakRowo
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September 20, 2020, 10:11:35 PM
 #6

-snip-
Hey, there's a good post. Wonder why delete all your post. For me, your post is good post, kind like educational post for new and medium miners.
Sorry if i have to archive this thread (i'll share the link if you like, archiving status still working now)  Grin Grin Grin Grin Grin Grin.
Man, your comment is priceless. Wonder why they deleted all your good post. Thank you for bring your deleted post to me!


philipma1957
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September 20, 2020, 10:20:39 PM
 #7

-snip-
Hey, there's a good post. Wonder why delete all your post. For me, your post is good post, kind like educational post for new and medium miners.
Sorry if i have to archive this thread (i'll share the link if you like, archiving status still working now)  Grin Grin Grin Grin Grin Grin.
Man, your comment is priceless. Wonder why they deleted all your good post. Thank you for bring your deleted post to me!



The argue would be that it a combination of alt coins and btc coins.  It was posted in the btc mining section and was deleted. Frankly it is a very good set of analysis of:

 gpu to eth on nicehash to btc


vs asic to btc on a pool like viabtc.


it clearly shows that gpus are killing it right now .

Last time this began was 2016 and it lasted till mid 2018.

I am diverse

asic for btc
asic for ltc
gpu for ets to btc
cpu for monero

I manage my ratios of profit and have been mining this way since 2013.

So I wanted to show this  some where some place.

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September 20, 2020, 10:24:18 PM
 #8

-snip-
Which are being deleted time and time again when I post them in the btc mining section.
-snip-

because gpu mining is altcoin mining not btc mining?

anyway, asic manufacturers mine and sell asics, same thing with the fpga sellers.

gpu manufacturers just sells their cards and does not compete with mining.


@OP

take a look at gpu mining history.

when new cards are released, did they ROI? now amd and nvidia are releasing their next gen gpus, what is the probability of ROI? you decide.
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September 20, 2020, 11:09:28 PM
 #9

because gpu mining is altcoin mining not btc mining?

The same logic applies in the altcoin mining, you could say the same thing in a different way if someone posts these posts there, this is not really black or white it's more of a gray area since we don't have a board under the name (Altcoin + Bitcoin mining).

I am not very active in the Bitcoin Disscuion board, but if someone compares say the blockize of bitcoin vs any other altcoin, will that be off-topic? if so, do posts that compare the same thing in the Altcoin board get deleted because they contain information related to bitcoin which is off-topic as far as the altcoin board is concerned? Many questions that need answers.


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arielbit
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September 20, 2020, 11:20:12 PM
 #10

because gpu mining is altcoin mining not btc mining?

The same logic applies in the altcoin mining, you could say the same thing in a different way if someone posts these posts there, this is not really black or white it's more of a gray area since we don't have a board under the name (Altcoin + Bitcoin mining).

I am not very active in the Bitcoin Disscuion board, but if someone compares say the blockize of bitcoin vs any other altcoin, will that be off-topic? if so, do posts that compare the same thing in the Altcoin board get deleted because they contain information related to bitcoin which is off-topic as far as the altcoin board is concerned? Many questions that need answers.



Altcoin mining in this forum still happens in the altcoin section, while the bitcoin part of altcoin mining happens in the exchanges hehe

Comparing bitcoin to other coins in the bitcoin section of the forum will be used by shitcoin shills to shill their shitcoin, it will be a disaster.

While altcoins narrative in general is to be the next bitcoin, so it is okay.
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September 20, 2020, 11:26:28 PM
 #11

-snip-
Which are being deleted time and time again when I post them in the btc mining section.
-snip-

because gpu mining is altcoin mining not btc mining?

anyway, asic manufacturers mine and sell asics, same thing with the fpga sellers.

gpu manufacturers just sells their cards and does not compete with mining.


@OP

take a look at gpu mining history.

when new cards are released, did they ROI? now amd and nvidia are releasing their next gen gpus, what is the probability of ROI? you decide.

in the end I hodl btc and doge.  
the BTC has been from mining btc directly and indirectly.
the doge is from merge mining ltc and doge on viabtc.

mining for any coin or for fiat is about cheap power and gear management.

I do not care what coins you hodl or if you fully convert to btc. or if you fully convert to fiat.

If you want to think I mine asic to btc and its exclusive you are simply practicing coin racism or coin exclusion to your own loss.
As I said. the best way to mine btc today is with a gpu.  So if the btc board insists on playing semantics fine with me.

As I also said I am mining 1.7ph in asics direct to btc.  and with bitmain not selling its gear the only way to expand mining btc for me was to buy gpus and autovert the etc to btc on nicehash.

Back to the op. I gave you 4 sources to acquire gear. not 200k but at least a start.

lets us know if you choose to use them.

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September 22, 2020, 06:58:17 PM
 #12

definitely only buy new gear like 3x and xt 5700 and newer
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September 22, 2020, 07:04:16 PM
 #13

big $ outlay...consider leveraging your gear by adding   "both" nvidia and amd based GPU's  either way best of luck in your venture! : )
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September 22, 2020, 09:19:42 PM
 #14

You are free to invest all that money in my BFL Jalapeno of the “amazing” 7 GH / s. Grin
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