Making use of a £1000 gaming PC?

[Bergkampsballs]

Hi,

A little while back I impulse purchased a £1,0000 / ~$1400 gaming PC with a AMD Radeon RX 5500 XT 8GB graphics card and then remembered that I'm not a gamer.

So, while this PC has been great for watching Netflix its computing power is just going to waste. I live in the UK so my electricity costs probably aren't the cheapest but I was wondering if there was any way that I could put this PC to profitable use mining any altcoins?

Thanks



Specs below in case it helps:

VIDEO: AMD Radeon RX 5500 XT 8GB - DX12® - VR Ready, HDMI, DVI, VGA, 3 Monitor Support [+27] (Single Card)
*BASE_PRICE: [+608]
BLUETOOTH: None Selected
CAS: NZXT H511 Mid-Tower Gaming Case w/ Tempered Glass Window panel (Matte Black)
CD: None Selected
CLOUD: None Selected
COOL: None Selected
COOL2: None Selected
CPU: AMD Ryzen 5 3600 - 6-Core 3.60GHz, 4.2GHz Turbo - 32MB L3 Cache Processor, Pro OC Compatible (No On-board Graphics)
CS_FAN: None Selected
EXCD: None Selected
EXPAN: Built-in USB Ports
FAN: AMD Ryzen Wraith CPU Cooler
FLASHMEDIA: None Selected
FREEBIE_CU1: AMD 2019 Xbox Game Pass for PC Game Bundle [+0]
FREEBIE_SSD: None Selected
FREEBIE_VC1: AMD Q1’20 Raise the Game Bundle [+0]
HD_M2PCIE: None Selected
HDD: 2TB Seagate BarraCuda SATA-III 6.0Gb/s 7200RPM Hard Drive [+17] (1 Drive)
HOLIDAY1: BullGuard Internet Security 2018 for Windows PC with Game Booster! - 1 year - 3 User Licence [+0]
INTERBROWSER1: Microsoft Edge Internet Browser (default with Windows 10) [+0]
KEYBOARD: None Selected
M2SSD: None Selected
M2SSD2: None Selected
MEMORY: 16GB (2x8GB) DDR4/3200mhz Dual Channel Memory [+34] (Corsair Vengeance LPX w/Heat Spreader)
MONITOR: None Selected
MOTHERBOARD: MSI B450-A Pro MAX: ATX w/ RGB, USB 3.1, SATA3, 1x M.2 [+39]
MOUSE: None Selected
NETWORK: ONBOARD 10/100/1000 GIGABIT LAN PORT -- As standard on all PCs
OS: Windows 10 Home (64-bit Edition) Perfect for most people with all the core features of Windows 10 including: automatic updates, Cortana and DirectX 12 graphics support (No Recovery Media)
OVERCLOCK: No Overclocking
PCABLE: None Selected
POWERSUPPLY: InWin A65 650W 80+ Certified Gaming Power Supply [+9]
RAID: None Selected
RUSH: Standard Processing Time
SOUND: HIGH DEFINITION ON-BOARD AUDIO
SPEAKERS: None Selected
SSD: 480GB ADATA Ultimate SU630 2.5" SSD - 520MB/s Read / 450MB/s Write [+27] (1 Drive)
STREAMERGEAR: None Selected
USB1: Built-in USB Ports [+0]
VIDEOCAPTURE: None Selected
VIVE_HEADSET: None Selected
WARRANTY: DESKTOP STANDARD WARRANTY: 3 Year Labour, 2 Year Parts, 6 Month Collect and Return plus Life-Time Technical Support
WNC: N300 Wireless PCI Express Adapter
XWNA: None Selected

[Inkdull]

With RX5500XT you will be earning 0.93$ per day mining Ethereum, as you can see it's a waste to time, though you will be spending 0.13$ cent on electricity but mining will only makes sense if you have 5 to 10 of these graphics card so I suggest you sell the gaming PC and spread the money on graphics card for mining or invest on altcoins

[Metroid]

If you think earning less than $1 net per day 24/7 on it is good then by all means go ahead, you can mine monero with the 3600, will do around 6500 h/s 11 threads and with the 5500 can mine eth, will do around 28 mhs.

[Festac]

That's roughly 1215$ in USD, you bought the desktop for gaming and you end up noticing that gaming isn't for you, I get that but since you now have interest in mining coins for money why can't you sell the complete system and buy RX480 cards for mining? You will earn up to 8$ per day with 9 RX480 and you can get each cards at 100$ to 180$ on ebay, that's 240$ in a month, with 5 or 6 month you will have recovered the whole money

[Metroid]

That's roughly 1215$ in USD, you bought the desktop for gaming and you end up noticing that gaming isn't for you, I get that but since you now have interest in mining coins for money why can't you sell the complete system and buy RX480 cards for mining? You will earn up to 8$ per day with 9 RX480 and you can get each cards at 100$ to 180$ on ebay, that's 240$ in a month, with 5 or 6 month you will have recovered the whole money

Things are different in the UK, everything you said does not apply in the UK, realistically your $9 per day would be $4. The same can be said if we compare china x US, in china people can get gpus cheaper, cheaper power too, like I said in another post, countries differ, so you have to see what is best for you, my recommendation is, keep your PC for gaming, do not bother mining with it.

OP or anybody, read this article, this might help you https://medium.com/@coinfly/shortlist-of-the-main-mistakes-and-misconceptions-in-ethereum-mining-9955d80b54f7

[CashbackLover]

It would have been better if OP gives info about the electricity costs in his country, in some countries mining with electricity is way too much, for example in my country I won't dare mine with electricity, I've better use solar panels and batteries, though this will cost lot more money and not advisable for those who don't have much, OP if you are fine with making 90cents to a dollar every 24hrs then proceed

[FP91G]

https://www.nicehash.com/profitability-calculator/amd-cpu-ryzen-5-3600
0.5 dollar profit on Monero mining + 1 dollar profit on Ethereum mining.
In 1000 days you may be able to recoup your hardware, but this is not certain.
You can also mine Burst or Sia soin on your hard drive

[Ken_terrance]

It's going to take like forever to get your money back through mining 24/7, I suggest you should make up your mind right now since mining isn't the real reason you get this desktop computer for in the first place, how about selling back since it's a gamers PC you will sell at good rate and invest the money on good mining setup? You can buy some RX470 480 or 570 and 580 with the money and other parts like motherboard and power pack as well, you will make quick ROI this way

[Furryball]

I heard that UK electricity bills are high, mining isn't fitting here mate, I think it's better to sell your gaming desktop if it doesn't serve any purpose to you anymore, you bought it for gaming and you aren't a gamer type, sell and invest in some good altcoins, this is less stressful than mining or you can look into staking too

[devil2man]

for home mining even with a super-performing computer it is not worth the gain by removing the costs for energy and maintenance is very small you need to have at least 5 or 10 computers to be able to talk about a decent gain, but at this point it is convenient to bet on rigs