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Tom24727 (OP)
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September 21, 2020, 10:19:41 PM
Last edit: September 22, 2020, 12:22:10 PM by Tom24727
 #1

Hello everyone

I have few ideas about what to gpu to buy to start mining with but i cant find the data i need to decide so maybe if someone can help me here i would appreciate it so much.
so i think i have special condition that is electricity cost for me is only 0.03 cents/kWh witch is awesome. So now i want to add more gpus to my farm but i am thinking that i can make more profits going with lower priced gpus with good hashrate and but high power consumption as many as i can buy because space is not a problem.
for example i think i can make more profits running 30 gpus with lower hashrate and higher power consumption than 10 efficient gpus.
something like nvidia tesla k10 instead of a 1080 or a 1080ti.


So i cannot find reliable hashrates and power consumption of the tesla k10 but the can be priced as low as 100$ used to compare it to a more common mining gpu so i can choose which one will make more profits on the long run.

i hop you get what i am trying to say and sorry for any mistakes.
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September 22, 2020, 03:30:03 PM
 #2

You know you cant mine Bitcoin with GPU? Well you can, but you will not be competitive against ASIC miners. You can mine some alt coins with GPU. You can also mine some altcoins with CPU.

Part of forum for mining is here you should read a bit: https://bitcointalk.org/index.php?board=14.0
Part of forum for mining altcoins is here: https://bitcointalk.org/index.php?board=160.0

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September 22, 2020, 03:37:51 PM
 #3

If you're planning on mining bitcoin with GPUs, then chances are, you're going to have a really bad time. If you have profitability in mind and not necessarily help secure the bitcoin network, then you're better off mining altcoins and just sell them for fiat/bitcoin.

These will probably help you pick coins to mine:


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September 22, 2020, 04:25:24 PM
 #4

If you're planning on mining bitcoin with GPUs, then chances are, you're going to have a really bad time. If you have profitability in mind and not necessarily help secure the bitcoin network, then you're better off mining altcoins and just sell them for fiat/bitcoin.

These will probably help you pick coins to mine:
I second this. In your bid to save cost, you've got to use also what works more efficiently. It's a good thing your electricity cost is quite low and you've got all the space you need for effective mining but then, with the mining pool Bitcoin have got, mining seem to be a rather difficult task compared to mining of Altcoins. Hence, it would profit you more to mine Altcoins and in turn exchange them for btc or covert to fiat as it pleases you to do.

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JayDDee
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September 22, 2020, 04:41:57 PM
 #5

I see no mention of bitcoin in OP, just mining.

You won't find any data for Tesla because no one mines with them.

What you really need to determine is if the lower price of less efficient hardware compensates
for the higher power consumption.

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September 22, 2020, 10:18:41 PM
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 #6

The Tesla GPUs are usually server chassis type of GPUs and they are for workstation and generally very expensive and there isn't any optimization for them. Since there is no algos for them then they will perform poorly mining most type of coins.

There are hundreds of thousands of RX series or Nvidia GTX series GPUs so miner developers design an algo optimization for those. However the Tesla GPUs are very rare and unless you hire some developer yourself you will get very low hash rate.

My advice just send them to eBay and buy some RX 570/580 GPUs with 8GB of ram. They are dirt cheap.
Tom24727 (OP)
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September 23, 2020, 12:10:14 AM
 #7

First of all thanks guys for replying

the second thing i did not mean to mine bitcoin i meant to say Altcoins.Spesially Ethereum.

i already have 52 1080ti mining smoothly and im using Hiveos to mine.

i also would like to show you guys that i did some research before i asked for some expert in mining Altcoins.

so replying to you guys one by one

@Febo and @mk4 i didn't mean to make you thing i'm planning to mine bitcoin i really meant Altcoins.


@Smartvirus This is exactly what i mean i want to mine Ethereum and when its value goes high i would exchange it for fiat to maximise profits

 
@JayDDee no i didnt say bitcoin anywhere in my post.I found some data and i found this

https://ibb.co/WGCmwBj

from this post in 2018 https://bitcointalk.org/index.php?topic=2868084.msg41774869#msg41774869


@adaseb i looked them up it goes for about 50-120$ on ebay sometimes even lower
https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=4+tesla+k10+server&_sacat=0&LH_TitleDesc=0&_osacat=0&_odkw=4gpu+

also i can buy a full dell r710 servers with power supply and full parts form 1-300$ yes 1$ running 2gpus



so roughly in total 300 for 2 guys and a server unit.While a 1080 ti comes at 1000$ used and you still need all the rest part: power supply, motherbord, fans, rig, cables.


so what do you think guys?










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September 23, 2020, 03:05:43 AM
 #8

@Febo and @mk4 i didn't mean to make you thing i'm planning to mine bitcoin i really meant Altcoins.

I pointed you to the right thread where I am sure is tons written what GPU is best. My guess would be the best AMD GPU. I think some time ago was VEGA, maybe now is something more new. 
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September 23, 2020, 07:41:38 PM
 #9

Choosing too low powered GPU will make the expenses more as well compare to the rewards you are making so you need to make best out all.if you are concerned about 1080 then better go for 1060 because it consume 120 W which i fairly less compared to 1070 or 1080.
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September 24, 2020, 06:37:16 AM
 #10



@adaseb i looked them up it goes for about 50-120$ on ebay sometimes even lower
https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=4+tesla+k10+server&_sacat=0&LH_TitleDesc=0&_osacat=0&_odkw=4gpu+

also i can buy a full dell r710 servers with power supply and full parts form 1-300$ yes 1$ running 2gpus




Even though you can get those 2 GPUs for $300 there is no point because you can't mine with them. I did some Googling and some people got the K10 to mine ETH but they only got 1.5 MH/s. So it would take you pretty much over a month to make the same profit as a typical $100 RX series GPU can make in a day.

Generally those servers usually are very cheap because there is little demand for them. Hardware is outdated and most home users don't want a loud computer like that with those 10K RPM mini fans that cool the PSU.

Motherboards, CPUs, and RAM are pretty cheap these days. You can probably get some Socket 1150 for like $75-$100. You don't need a fast processor. Celeron should do it.
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September 24, 2020, 07:09:54 AM
 #11

Choosing too low powered GPU will make the expenses more as well compare to the rewards you are making so you need to make best out all.if you are concerned about 1080 then better go for 1060 because it consume 120 W which i fairly less compared to 1070 or 1080.

I wonder, if I plan to mine some ETH, would a GTX 960 2GB suffice? Or I'd be paying more on electricity than the returns?

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September 24, 2020, 09:00:07 AM
 #12

I wonder, if I plan to mine some ETH, would a GTX 960 2GB suffice? Or I'd be paying more on electricity than the returns?
You need a graphic card with more than 4 GB memory, because Ethereum's DAG file now is 3.84 GB and still growing. If you buy 4 GB graphic card then you will mining Ethereum only a couple of months. Many users have problems with it already.

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Tom24727 (OP)
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September 25, 2020, 10:51:42 AM
 #13

So in conclusion the tesla k10 it would be a lost of time and money with no profits basically

what do you guys thing about going amd gpus the consumes much more electricity than nvidia gpus in general
it might be more profitable while i have low electricity rate.
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September 25, 2020, 10:49:27 PM
 #14

So in conclusion the tesla k10 it would be a lost of time and money with no profits basically

what do you guys thing about going amd gpus the consumes much more electricity than nvidia gpus in general
it might be more profitable while i have low electricity rate.

Yes your electricity is very low so you are better off buying cheaper and slightly more inefficient GPUs. The best GPUs for you to buy is the RX 470/480/570/580 8GB. You need to make sure its 8GB because the 4GB will only work for another month or two.

They are fairly cheap, maybe they went up in price a little due to some of them being used in mining rigs once again but you can probably find a bunch for around $100 each second hand. After you are done mining you can probably resell them to gamers for almost the same price. As long as you don't burn up the card or have the fan bearings go out. However the fans are always replaceable.
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September 26, 2020, 07:00:10 PM
 #15

you can always get cheap RX480 or RX470 ( or the 500 series equivalent) and add it to your farm. They do 26-30 MH/s of ETH and suit the concept what you where saying . More faster ROI , power efficiency per hash as you have cheap electric cost .
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