Actually this is a pretty good video that perfectly sums up the considerations people need to make when they think about getting into this industry. It CAN indeed be incredibly lucrative to set up a mining operation if you are really good with computer hardware, have cheap energy, live in a place with reasonably lower temperatures, and have enough time to basically dedicate yourself to a new part time job. Oh, and this IS a part time job that WILL take up a lot of your time if you bother to go big with this.
Read a book instead. Then when you're done with that, read another. Also, go join a sports club somewhere (baseball, softball, basketball, or soccer team).
I looked at graphics cards today on newegg and the 1080sc i bought 3 months ago that was 550 on blackfriday is now 850-1000 and a 1080ti is almost 1300-1400.... WTF?
Ev3rM0r3 I bought my Asrock H110 pro BTC mobo at $120 from Newegg around Thanksgiving, 10 days later $279 was best price I could find for 3 more, bought another last week and winning an auction on eBay was cheapest and that was $291. ☹️
Slowly adding GPUs to your systems is probably the safest method, at least as I've found. Which is pretty much necessary given finding a GPU at a reasonable price can take awhile. I got a 1070 ti for 519 which is a bit inflated but reasonable, and right after I bought it *limit 1 :-)* the price went up to 899... The price of GPUs is outrageous to be completely honest.
i literally just got 6 1060s at 250-300 (250 for 3 3g, 300 on the 6g ones).... put my system together a few days ago...... no stock anywhere anymore for a decent price now...
Yeah, even those prices are little high for those cards, but decent enough that they should still RoI in a decent amount of time. I understand supply and demand, but the prices right now are closer to gouging than anything legitimate.
I recently started mining with 6x rx570... and these are the exactly stressfull workload that i experienced, except for the noise (because all my rx570 run on my third floor (storage room).. and the fan only spinning @ 2300rpm.. with stable temperature at 65 celcius
Another major issue if you want to go bigger is power availability (apart from price). In RSA most homes have 63A max. Depending on the hardware OFC, let's work on an average of 5-6A for an ASIC machine or 6-8 card GPU miner. So if your house is using 40 AMP peak times (think geyser, kettle, washer all working simultaneously) then you cannot add more 3 or 4 miners. It get worse; wall plugs or groups of plugs have 20A breakers, so putting 2 miners in the same room can easily start tripping some switches if there's anything else on those circuits. Then you start to lay leads from other plugs to keep the noise contained in one room and you have fire-hazard issues with hot wires and plugs. So as great as mining is, you can only go 'so big' at home.
Thats why you hire a electrician to check to see what is plugged into what and to see if you can upgrade your circuit breakers to higher ones or add a circuit breaker with a run thats only for your mining machines like i did.
Was gonna put that in, but cut it due to time constraints. :P Unfortunately our municipality cannot upgrade beyond 63A single phase(residential) or 128A 3-phase(business/industrial) unless you install a substation @R280000 (23000USD) to get (I think it was) 500A.
I built 4 rigs with 10 cards each last month and spent $26k, but made over $6k the first 30 days, would have been $5k if not for increase in ZClassic. If mining dies today, I can sell my one month old cards for 80% what I paid at minimum meaning I’m well past breakeven so I have no risk and will ROI with in 4 months. Best investment I made.
I'm thinking $100 for an RX 4/580 card. If you think that's stupid, I bought several RX 470 cards when mining was still pretty good for $140 each (bought them from a miner). If it crashes, I fully expect to be selling those at $80. However, if they go lower than $50, my plan is to try to beat the Firestrike 4x RX 470 records with some LN2 fun!
That was an apocalyptic worse case scenario if market literally died overnight which I don’t think is even possible, it would take months to collapse at worst. That said. 80% for a 1month old card should be doable even if the market is flooded, especially for a brand new card that I’m using 1070ti, heck I may still be able to return them for a store credit at that point. I was just making the point that compared to any other investment, cards resale right now for like 90% to 100% of cost as you pointed out, so after less than a month or so you are basically at a breakeven point. As an investor in Real Estate, stock market, bond market, bullion market, numismatic, and so on....I was just discussing the risk assessment of investing in a gpu miner. In 41 days, I am at $7433 made and can right now sell my 1070ti’s on eBay for more than I paid, not many investments will do that, in fact, I’ve never seen anything like this. In another like 23 days, I will be at 50% ROI, that means to get to losing money on my investment, I would have to not be able to sell a 2 month old top of line 1070ti for $250, I don’t care how flooded the market is, there is still a video game market that will buy. GPU rig is a solid investment, not risk free, but one of the lowest risk investments I have ever made.
I wouldn't pay over 60% for a used card (wouldn't even give 80% for a new in sealed box, there is no warranty from the manufacturer). You should be able to get $200 for the 1070ti, but maybe not. If someone with several million dollars worth of cards is near your country and starts selling a thousand 1070ti cards, then that alone will drop the price to dirt cheap. Also when Volta comes, it will drop prices. Historically, the __70 is on par with the Titan of last gen, so ~$350 cards matching $1k cards of last gen (and the $350 card is new with warranty). I'm expecting slightly over that, maybe $500 for my new Titan Xp collectors edition, mostly due to Star Wars fans wanting it (possibly just as a decoration piece, which is what I will do if it dies, or give it as a display gift to my uncle who is also a big Star Wars fan for his memorabilia shelf in his office). I'm not banking on any resell value though, it may end up as a trophy/reminder to always be careful (will set next to my sub-zero killed AMD card).
I'm guessing RX 570/80 cards. He said $26k for 40 GPUs plus 4 mobos, ram, PSUs, etc. That's leaving about $400 per GPU. Its possible they are GTX 1070 though. Either way, I'm guessing $100 to $150 after mining crash (like I said, $140 for my RX cards even when mining was good).
BUT WE NEED MORE PEOPLE TO HOLD AND USE COINS SO THEY GET MORE VALUE!! THE MORE PEOPLE USEING CRYPTOCRNC THE BETTER FOR US THE WORST FOR THE GOVERNMENT AND THE BANKING SYSTEM
and then it crashes the second it is outlawed. Gaining profit from nothing is never healthy for an entire economy. All these people getting into it will just mean more people will have bitcoins, which means more bitcoins can be earned, but that rate will drop quickly. You'd need 50000K to make back any possible money, and that's only as long as bitcoin or crypto currencies are accepted. The government may look into this eventually, all of this money going nowhere is not healthy for the overall economy, the gov may just make crypto currencies illegal, and all of the sudden the price will plummet.
I'm just hoping when this dies down ebay will be full of cheap gpu's. Eventually some new technology will come up and make gpu mining obsolete (that isn't asics) I hope!!!!! But whatever i bought an rx480 8gb at $220 for a flash deal in late 2016. But for the low end gamers they're pretty much screwed. I think crypto-mining in the long run won't go anywhere this is sticking around and it's part of innovation.
Here's my question. I have 3 systems, 2 have a single 1080, and the other a single 1070. Is it worth it to have the 3 separate systems with single cards to mine on spare time? These systems where built mainly for gaming so they don't get used often
This is actually where investing in water cooling can be to your benefit. You don't need to go all-out, especially since full-cover blocks for many of the cards are not available. But with "universal GPU" blocks, decent radiator capacity, and a decent pump, you can probably have a system that will run very cool and quiet. At least the cards will run cool. The room it's in, however, will most certainly not stay that way. Another alternative to have a cool running rig is to follow what DIY Perks did to take a CPU cooler and attach it to the mining card. This can allow the system to run very quiet with the cards still staying very cool - possibly much cooler than the stock cooler depending on the CPU cooler you decide to use.
Miner MerMan i found your comment to be cringy. why? . You sir, are a weak minded guy because you're too stupid to actually care what u read. then...u actually commented that u are fed-up with other's dumb statements, when in fact your statement is stupid. WELL DONE U WEAKMINDED GUY.
meanstreak110 I feel like I just made an observation more than anything. But I respect your will to feel empowered buy trying to belittle someone else... like I didn't even say op is a phaggot or anything 😂. Find righteousness in a real cause and you might have something real to say one day.
i made a 2 card rig, got 2 gigabyte 1080 aorus cards, they are very quiet under load and stay quite cool (under 70 degrees). The processor fan actually makes the most noise.Found them on a holiday sale on newegg for $540 each.
I built a rig with my older core 2 quad, and a few old gfx cards, the rig ran great, then used profits to upgrade. it also paid for my new gaming computer, then used my older gaming computer parts for another mining rig. at the moment profits are not too great, but will probably go back up before end of the first quarter. If i didn't have the parts to begin with, then i wouldn't have got into this, but its been great so far, electric bill not much higher in winter, have the windows open all the time, constant fresh air and heat in winter. I also sold my first mining rig and purchased newer equipment.
Watched quite a few of your videos... The dramatics are a bit much but you always bring real info to the table. This video did it for me. No BS. Just exactly how it is. Subbed. Thank you and keep up the good work :)
Top tip if u do want to use minergate, don't mine through it's dashboard but use the miners from command prompt and just fill in your minergate details and the minergate pool u want to mine in a bat file. Gives a way better hashrate then mining through minergates dashboard and u can still use minergate multimine.
Excelent video, man! Here in Brazil the electricity is really high, like 28 US cents kWh but the us dollar is 3 times more, so, my 8 dollars per day is more o less 30 Brazilian Reais, very lucrative! Cheers!
Just got into mining i used my gaming pc and got another 1070 its managing a measly 5 bucks a day but hey 100 free bucks a month is 100 free bucks a month. i hope i can find a couple more GPUS that are used to match them up i would like all 6 to be the same. love the videos though keep them coming
I've been mining via nicehash for the past 7 months and doubled my investment with 5 GTX 1050 ti's, 1xGTX1070 and an AMD Ryzen 1700 CPU @ 4.0Ghz. Looking for a 2nd GTX 1070 for my gaming settup that will be mining during the day and gaming at night :) Don't spend what you don't want to lose, if you love PC hardware and the idea of an easy passive income I would recommend it but be aware that the market can crash at any time and when that happens you can either try and sell what you have or end up stuck with old hardware that gathers dust... Stay away from asic miners and mining contracts, when market fails you have no way of getting your return of investment. Anyways happy mining and great job UFD, keep it up!
Just got into mining about a month ago with my measly RX 570. Making about $3-$4 per day mining ETH. Idk...the troubleshooting and optimization was kinda fun and a learning experience
Christopher Obel i was mining musicoin but recently the prices have dropped so now i am mining zcash but i still make the same amount, if you want to mine any equihash algorithms like zcash, musicoin, etherium etc.. i recommend that you use claymore dual miner it isnt very hard to use, you just have to create the batch file and run it. Also you can dual mine equihash coins on it as they dont use all the gpus power
shesh, i only spent $1,100 on my rig i just built last week. running x4 1060's and its making me $14 a day. Spend more = make more per. day. Spend less = less per day. Just go with what your budget can allow. Remember each rig can usually pay itself off in 2-3months so thats your risk timeline.
I got into mining in August, bought a Threadripper 2990wx a couple of VEGA 56s and 64GB of RAM. I'm attacking mining via the method most say is insufficient (they are wrong) CPU mining. Coupled with Windows 10 for Workstations and Hyper-V, I have numerous virtual systems mining a single coin.
G'day from Australia. I've been really enjoying following you're channel. Its really well produced. Could you tell me, how much time do you put into maintanace of your mining rigs. Or is there a video on this that i have missed. And what do you think about the crashing prices. Its seems like its bursting right? Im new to all this so i appreciate the effort you put into your vids. Cheers. Look foward to your response. Killa work dude
Oooooo.... let me guess.... #1 Reason....because there ain't no way in hell you're getting a video card faster than a toaster oven for less then $1000?
Dust kills cards like you wouldn't believe, so does humid air, cold or hot really doesn't matter. Its a reason the biggest mining farms are in places where the geography, power cost and meteorology support it! My mining business is doing really well! Since starting mining in 2015. I guess you can bet 2017 was a good year for me :)
Mine Electroneum, it's virtually quiet, you can get around 130-150 per day, and it will go to the moon! I love the team and it makes up a majority if my portfolio. Also noise isn't linear, it's logarithmic :)
You forget to talk about cleaning the video cards every 2 or 3 months to prevent the overheating.... if you want to do it properly is a pain in the ass taking the fans and the cover off the card to clean them and clean the heat sink... there are some cards that easilly allow you to take them off but others like the Zotac 1060 6gb Amp Dual fan is very difficult....
i kinda dont agree that it isnt that easy,recently i built a six gpu (r9 280xs) rig for 800 dollans, been mining zec for 2 months now and i have allmost all of the cash initialy spent on it mined in Zec.
mitch gams not completely. The time I started, my GPU had ROI of around 2 and a half months but I bought other one in 1 month. Currently, ROI is around 5-6 months and don't even bother to calculate for a new GPU right now because it will take you more than a year to get that money back with current difficulty.
do you think it would be foolish for me to jump on board? I've been giving it some serious thought. I found a source for 4 RX 580 8gb for $1300 (seems a bit steep best i could find) I have no other equipment I'd have to start from the ground up.
mitch gams We can't predict that and assumptions never last. GPU prices are rising day by day and there is no chance in hell it will lower down. Unless Nvidia and AMD start focusing on mining industry and mass producing current GPU lineup. But that won't happen, especially in the case of Nvidia. With current market bloodbath in mind, I think 4 RX 580s is a fair deal for $1300. For other components, it won't be much of a trouble. Go with Asus Z270 Mobo, Intel Celeron, 4GB RAM, and a good power supply. Storage is not an issue. You can even run your rig using a USB drive with Ubuntu installed.
As if the noise wouldn't be a deal breaker to begin with; Electricity rates in Oahu are 28.22 cents/kWh, plus it's always warm here. I wish I could join in the fun, but it doesn't seem likely.
Couldn't help but laugh and nod in agreement at the whole first part :D It's still the best hobby ever though lol hopefully in a few months can start to call it my second job.
Yeah running AMD and Nvidia in same rig Omg almost every morning I wake up one of the software is offline ugh but while I'm at work I use TeamViewer ever hour and make sure they're still mining away... heat atm not a problem it's 20 degrees outside cards sitting at a cool 45 to 58 summer is going to be rough though but I don't pay for electricity so ac all day erday lol
nope dont have noise issuse liquid cooled ,i live in canada dubbles as a heater in the winter i just open the window to cool the room down but being liquid cooled my MSI GTX 1080 get to 57.C after 24 hours liquid gets to about 40.C in the tank and temps and fans are controlled by a aquaro pro 5 so my fans only ramp up or turn off if need so my rig is farly quiet its in my room and i sleep with it running
About a month ago I picked up a couple 1080TI's for a gaming build that ended up not happening. Not a lot of gamers in my area and didn't want to deal with selling them, so I threw them and an old 1070TI in with an old PC slated for the dumpster and took a shot at some mining. Gotta say I'm pleased so far, partly because electricity is cheap, and it's cold here so the miner helps with my heating. Come summer though, I might just sell the cards and call it good. Not sure I want to deal with the heat during the summer.
After reading the comments, I went and looked at the 1080TI's I have. Picked them up for a touch over $700 each, now it seems if you can find them in stock, they're going to run upwards of $1,100. That's crazy!
one fix for the power usage is get a really long extension cable and plug it into your next door neighbours place, there for you only need to deal with the heat and noise :D
Honestly I would say another problem is finding reliable hardware that isn't a scam. Given most retail outlets are sold out for GPU's you have to deal second hand or used, leading to questions in quality of product or even if they are authentic. Lot of cheap Chinese GPU's going around with a sticker on it claiming it's something else. Sure the recommend Wootware in this video sounds good but obviously those of us in the USA can't use it due to restrictions.
Yeah it's sad I just built mine and planned to flip a rig and buy more. So i started with 11 rx570s and 6 1070ti's, now I have 5 570s and can basically only buy back what I had before because of this price rise. Even the computer shop that ordered me the original 11 no problem can't get one for less than $400 to them $470 to customers
Got 10 Sapphire Radeon’s $280 a piece, 2 Sapphire 580’s for around the same. That reminds me anybody wanna buy a Quake Champions Pack? Super cheap I got them with the cards. I think I have 5 left. PayPal only.
I've just decided to mine bitcoin and since the last couple of weeks I've been studying a lot about the cryptocurrency methods os mining and just reached your channel. I found very awesome that you are a channel from South Africa, never did before watched any south African channel. I liked a LOT your videos, they are very explanatory and I did learned a LOT here. I recently started to mine with my Gaming Rig, one that I already have before all that start to sparkle all over the world, this Rig is not very NEW, actually I'm running my mining tool on a R9 280X and I hope to build a new RIG just for mining. Here in Brazil the electricity cost are not so HIGH, I used to think that, but after learn the costs on other country's I've realized that here we don't have the worst scenario of electricity high costs. So I plan to build a miner RIG together with a friend, and at the begging we will use only 3 GPU's, mostly likely we will use 1060 Ti and once we start to reach our mine ROI we will start to improve the RIG step by stop. Our goal is to build a 6 card mining RIG until the mid of this year and then start a new build for a more powerful RIG payed only with profits from the RIG #1. I hope you keep doing those information videos about mining cryptocurrencys and helping who want's to start doing this as a alternative way to gather some money! Thanks for your videos and the time that you spent to make than, so we can get more information about the topic!
No. 2k for one 6gpu rig is my max and I say this after buildin about 20 atm. Luck has nothing to do with this. Except share/block solving luck. The rest is skill.
You know the gamers can buy a 1080 ti SLI for 4k gaming and mine with it over night to have a free upgrade right? Just saying, you can get almost anything you want as a gamer (making 4k gaming possible) if you use your head and play around with cryptocurrency. Also note, in about a year, or whenever mining tanks, budget gamers should be able to buy super cheap 1080ti cards, pretty much ending the point of consoles and getting everyone into PC gaming. Whether that's good or bad, I hate consoles and the low FPS with non-tweakable settings. But as always, never invest more than you are willing to loose (If I was rich, I wouldn't put all my money in the US dollar, the Euro, or in any single currency, it would be diversified. When China says it wants its 18 Trillion dollars back, the US dollar will tank to worthless, and we saw what happened to the Euro. "Let me just spend my old Aztec coins", all money fails, every single Fiat money does too. I'm also a coin collector and enjoy looking at currencies that were disconnected and now worthless as real money, like the wooden pennies from the US to some beautiful Chinese currencies. I don't actually have Aztec coins though, that was my joke showing how the civilization came to an end)
I was making a little over $5 per card (and over $4.50 per RX 470 running only 80% speed), and over $6 a day per R9 Fury (I have 2 in my gaming machine) a few days ago. Cryptocurrency took a nose dive since then, and its a lot lower, but its still not super low. For $1200 a day, which was NOT said by any miner, if you can get realistically $3 per card, then it would be 400 cards (now, $3 is kind of low sometimes, so that would definitely more than account for electricity on decent days, but I can't claim to predict the future, so I'm picking just a reasonable number)
it was worth it when it was worth it. considering that eth is moving to a PoS, the only option PoW will be Bitcoin, and xmr, maybe ltc. The rest of the world will be using alt coins. Minning will maybe be profitable 2-5 years from now for a new miner imo.. Costs of equipment will go down, volume of trades will be up. biggest pro about building mining machines, is understanding crypto. if you get into this, the future is bright. everyone else will be catching up, and not knowing what to do. Great video. The part where you show the 6 gpu work brought me back to my airforce days.
Hey, I just bought a Titan Xp, any tips? I do have experience tuning and an extreme overclocker with AMD cards, but I've literally never messed with Nvidia before. I also have some AMD cards mining right now, but I have no experience with Nvidia, recommendations or tips are always welcome. Cheers!
It does if your electricity is high or asking of higher electric requires more $$. But of course everything depends on your situation. As mentioned earlier, it is not the best for $/hashrate.
I love this, why you might not want to get in to mining from a miner that can explain in detail all of the hardships and costs that come with mining. I myself went cheaper on psu and do 4 card rigs mid tier (rx 570 rig X4 cards & gtx 1060 3gb x4), they are costly even at mid tier with a bit better cpu than normal miners would have. I retired gaming pc using amd fx 8320 and another with an amd ryzen 1300x i got on sale on black friday. They pull decent money, but with cost to profit ratio, it will take about 8 months to even recover costs on all of this unless the coin goes up. There's a bit more detail for anyone who wants to start mining.
It's -6 right now. My 5 GTX1060s and 1 RX580 are keeping the stand-alone garage at 15.5. So, he's not kidding when he says thermal output is an important consideration.
hey, so i did the math, if i buy the asrock h110 and all the necessary parts for the motherboard, which will cost me around $250. And i buy 10 gtx 570 GPUs which in total is only 550 for them all, would i make profit? if i split the money bill with my mom my estimates say maybe...
The shit with the faulty risers is now common sense in the mining biz imo I guess it's the first place people look today if something is not working :D
The funniest part is when you're sitting on Amazon for 12 hours a day with your filter set and constantly refreshing the page. When something does pop up, and they do, almost every day, THEY ARE SOLD OUT IN UNDER 5 MINUTES. Unless you have 1 click buying on Amazon you have no chance of getting anything With Newegg you can get email and text notifications of when something is in stock. I've been away from my computer at times and my phones dings. I see the notification, run to my computer, put the card in my shopping click checkout....anddd suddenly my cart is empty...because I'm too slow. This is the most comical/absurd thing I have ever witnessed....
:) You didn't even mention that you have to modify your home's electric panel in order to not get melted by that so high extra amount of power, cos if that happens not only it will be costing a truckload of money to repair it but also you'll be relying on the candle lights for a very long time.
Just got into mining about a month ago. Using a single 6GB GTX 1060 and was earning about $4/day. With today's market free fall I have watched my earnings fall to about $2/day. Hope there is a turn around on the horizon or there is going to be a GTX 1060 on the used market soon.
You are super honest regardless that you sell those parts at your store. this is completely humanity and that why you are gonna have a great future man. Cheers from Lebanon
I would second that notion, ethereum difficulty is climbing to ice age levels again. Personally I saw 32 percent less ether each month after spending months of time effort and energy and $$$$$. Couple that with a price drop and ROI just got pushed way out. This may not pay off after all. Then you have to consider the fact that you now have a new child to take care of and worry about every day. Not worth it IMO, but I made it this far so I guess I have to stick it out a bit longer..
Only built a mining rig for 3 cards, its a rough looking build, didn't even paint the wood yet ... My biggest issue was updates and flashing the bios back and forth 3 times.... to get the MB to recognize the cards. then updating and installing amd software for all the cards to show up in windows. I have the MB to run 6 but I decided to start with only 3. as you said, this stuff is pricey and I'm running 3 rx 580's 8gb Red Devils . one of which is the golden edition and it's the slowest miners of the 3 btw. all that crap said just to say if your thinking about getting into this. it's gonna have a large startup cost and be prepared for some issues in the build . keep some headache meds on hand . also Rum .. lots of Rum ..
lol i went away for 4 days left my pc on mining and i got back and turns out it mined for about 2 min and got stuck doing nothing for the rest of the time xD
bro who do u get ur coke from
California of course 😂😂😂
🤣🤣🤣🤣🤣🤣
Was thinking the same thing. Or. Crystal hangs out there to. Lol.
RGB boosts hash rate by 50% :D
Actually this is a pretty good video that perfectly sums up the considerations people need to make when they think about getting into this industry.
It CAN indeed be incredibly lucrative to set up a mining operation if you are really good with computer hardware, have cheap energy, live in a place with reasonably lower temperatures, and have enough time to basically dedicate yourself to a new part time job. Oh, and this IS a part time job that WILL take up a lot of your time if you bother to go big with this.
This dude is so intense. He makes you want to go all-in!
I can't even buy a GTX 1060 for a gaming rig because of this bullshit.
bought mine (msi gaming x 6gb) before the boom while it costed me only 330€, nowdays it would cost me 350€. /s
Finland's prices didn't change.
Here’s what I did: buy a old prebuilt with the card you want, then snag the graphics card and sell the rest
Read a book instead. Then when you're done with that, read another. Also, go join a sports club somewhere (baseball, softball, basketball, or soccer team).
Did you try looking? I found MANY of them available (and the 1080ti as well) on both Amazon and Ebay.
I looked at graphics cards today on newegg and the 1080sc i bought 3 months ago that was 550 on blackfriday is now 850-1000 and a 1080ti is almost 1300-1400.... WTF?
MEGA INSANITY. 1080 Ti's were $900 when we were preparing to make this video. :( RIP PRICES
Dude, the Rx 580 8GB I got in Nov was $280 and now its listed for $500. should I just sell the cards?
I've seriously thought about selling my 1070's because they are nearly double now, but I won't contribute to the price gouging.
wait... i can sell my 1080ti for $1300? goodbye 1080ti.
Ev3rM0r3 I bought my Asrock H110 pro BTC mobo at $120 from Newegg around Thanksgiving, 10 days later $279 was best price I could find for 3 more, bought another last week and winning an auction on eBay was cheapest and that was $291. ☹️
Slowly adding GPUs to your systems is probably the safest method, at least as I've found. Which is pretty much necessary given finding a GPU at a reasonable price can take awhile. I got a 1070 ti for 519 which is a bit inflated but reasonable, and right after I bought it *limit 1 :-)* the price went up to 899... The price of GPUs is outrageous to be completely honest.
its the only method at the moment...good luck finding 6 cards ont he market to get started.
Never wait or you will never find one anymore or you need to pay insane price :)
that's because nvidia is switching factories to a new chip.
i literally just got 6 1060s at 250-300 (250 for 3 3g, 300 on the 6g ones).... put my system together a few days ago...... no stock anywhere anymore for a decent price now...
Yeah, even those prices are little high for those cards, but decent enough that they should still RoI in a decent amount of time. I understand supply and demand, but the prices right now are closer to gouging than anything legitimate.
I recently started mining with 6x rx570... and these are the exactly stressfull workload that i experienced, except for the noise (because all my rx570 run on my third floor (storage room).. and the fan only spinning @ 2300rpm.. with stable temperature at 65 celcius
Another major issue if you want to go bigger is power availability (apart from price). In RSA most homes have 63A max. Depending on the hardware OFC, let's work on an average of 5-6A for an ASIC machine or 6-8 card GPU miner. So if your house is using 40 AMP peak times (think geyser, kettle, washer all working simultaneously) then you cannot add more 3 or 4 miners. It get worse; wall plugs or groups of plugs have 20A breakers, so putting 2 miners in the same room can easily start tripping some switches if there's anything else on those circuits. Then you start to lay leads from other plugs to keep the noise contained in one room and you have fire-hazard issues with hot wires and plugs. So as great as mining is, you can only go 'so big' at home.
+Anton Ekermans Good thoughts. Was gonna put that in, but cut it due to time constraints.
Thats why you hire a electrician to check to see what is plugged into what and to see if you can upgrade your circuit breakers to higher ones or add a circuit breaker with a run thats only for your mining machines like i did.
Was gonna put that in, but cut it due to time constraints. :P Unfortunately our municipality cannot upgrade beyond 63A single phase(residential) or 128A 3-phase(business/industrial) unless you install a substation @R280000 (23000USD) to get (I think it was) 500A.
I built 4 rigs with 10 cards each last month and spent $26k, but made over $6k the first 30 days, would have been $5k if not for increase in ZClassic. If mining dies today, I can sell my one month old cards for 80% what I paid at minimum meaning I’m well past breakeven so I have no risk and will ROI with in 4 months. Best investment I made.
+Big A If mining dies, I highly doubt you'll be able to sell for 80%
I'm thinking $100 for an RX 4/580 card. If you think that's stupid, I bought several RX 470 cards when mining was still pretty good for $140 each (bought them from a miner). If it crashes, I fully expect to be selling those at $80. However, if they go lower than $50, my plan is to try to beat the Firestrike 4x RX 470 records with some LN2 fun!
That was an apocalyptic worse case scenario if market literally died overnight which I don’t think is even possible, it would take months to collapse at worst. That said. 80% for a 1month old card should be doable even if the market is flooded, especially for a brand new card that I’m using 1070ti, heck I may still be able to return them for a store credit at that point. I was just making the point that compared to any other investment, cards resale right now for like 90% to 100% of cost as you pointed out, so after less than a month or so you are basically at a breakeven point. As an investor in Real Estate, stock market, bond market, bullion market, numismatic, and so on....I was just discussing the risk assessment of investing in a gpu miner. In 41 days, I am at $7433 made and can right now sell my 1070ti’s on eBay for more than I paid, not many investments will do that, in fact, I’ve never seen anything like this. In another like 23 days, I will be at 50% ROI, that means to get to losing money on my investment, I would have to not be able to sell a 2 month old top of line 1070ti for $250, I don’t care how flooded the market is, there is still a video game market that will buy. GPU rig is a solid investment, not risk free, but one of the lowest risk investments I have ever made.
I wouldn't pay over 60% for a used card (wouldn't even give 80% for a new in sealed box, there is no warranty from the manufacturer). You should be able to get $200 for the 1070ti, but maybe not. If someone with several million dollars worth of cards is near your country and starts selling a thousand 1070ti cards, then that alone will drop the price to dirt cheap.
Also when Volta comes, it will drop prices. Historically, the __70 is on par with the Titan of last gen, so ~$350 cards matching $1k cards of last gen (and the $350 card is new with warranty). I'm expecting slightly over that, maybe $500 for my new Titan Xp collectors edition, mostly due to Star Wars fans wanting it (possibly just as a decoration piece, which is what I will do if it dies, or give it as a display gift to my uncle who is also a big Star Wars fan for his memorabilia shelf in his office).
I'm not banking on any resell value though, it may end up as a trophy/reminder to always be careful (will set next to my sub-zero killed AMD card).
I'm guessing RX 570/80 cards. He said $26k for 40 GPUs plus 4 mobos, ram, PSUs, etc. That's leaving about $400 per GPU. Its possible they are GTX 1070 though. Either way, I'm guessing $100 to $150 after mining crash (like I said, $140 for my RX cards even when mining was good).
also don't build one because then there's less competition for miners ;)
+iamdmc Truth
BUT WE NEED MORE PEOPLE TO HOLD AND USE COINS SO THEY GET MORE VALUE!! THE MORE PEOPLE USEING CRYPTOCRNC THE BETTER FOR US THE WORST FOR THE GOVERNMENT AND THE BANKING SYSTEM
sperg
and then it crashes the second it is outlawed. Gaining profit from nothing is never healthy for an entire economy. All these people getting into it will just mean more people will have bitcoins, which means more bitcoins can be earned, but that rate will drop quickly. You'd need 50000K to make back any possible money, and that's only as long as bitcoin or crypto currencies are accepted. The government may look into this eventually, all of this money going nowhere is not healthy for the overall economy, the gov may just make crypto currencies illegal, and all of the sudden the price will plummet.
hard to regulate and ban something that's on the internet
not hard... impossible
cryptos aren't going anywhere
sell your house and buy a giant mining rig
edit: and buy a box to live in
Could be worse, aka KODAK!
I'm just hoping when this dies down ebay will be full of cheap gpu's. Eventually some new technology will come up and make gpu mining obsolete (that isn't asics) I hope!!!!! But whatever i bought an rx480 8gb at $220 for a flash deal in late 2016. But for the low end gamers they're pretty much screwed. I think crypto-mining in the long run won't go anywhere this is sticking around and it's part of innovation.
Eduardo Navarrete people will mive to other coins, eth wants to go to staking. magi coin can be mined with raspberry pie.
Yes, agree with you. Mining is here to stay.
I'm dying right now
🤣🤣🤣🤣🤣🤣
Here's my question. I have 3 systems, 2 have a single 1080, and the other a single 1070. Is it worth it to have the 3 separate systems with single cards to mine on spare time? These systems where built mainly for gaming so they don't get used often
So if your house runs on solar, good deal to get into crypto mining given power is a non-issue? Just leave the rig on all the time 24x7 right?
"keep energy consumption to a minimum"...sticks RGB leds in it :))
Were are the other parts of this series? "Intro To Building Profitable Mining Rigs - Part 1"
This is actually where investing in water cooling can be to your benefit. You don't need to go all-out, especially since full-cover blocks for many of the cards are not available. But with "universal GPU" blocks, decent radiator capacity, and a decent pump, you can probably have a system that will run very cool and quiet.
At least the cards will run cool. The room it's in, however, will most certainly not stay that way.
Another alternative to have a cool running rig is to follow what DIY Perks did to take a CPU cooler and attach it to the mining card. This can allow the system to run very quiet with the cards still staying very cool - possibly much cooler than the stock cooler depending on the CPU cooler you decide to use.
12 cents per kWh. *laughs in european*
Orange ew Europe
I got you, comin in at 25 cents per kWh here in good ol germany
0.05 EUR per 1 Kw in south east europe :)
tatzecom rip and I thought 18 was bad for nyc
28 =(
I forgot why I don't look at comments on the content I actually like - so many dumb/cringy statements.
Miner MerMan
i found your comment to be cringy. why? . You sir, are a weak minded guy because you're too stupid to actually care what u read. then...u actually commented that u are fed-up with other's dumb statements, when in fact your statement is stupid. WELL DONE U WEAKMINDED GUY.
And you have a bite...
meanstreak110 I feel like I just made an observation more than anything. But I respect your will to feel empowered buy trying to belittle someone else... like I didn't even say op is a phaggot or anything 😂. Find righteousness in a real cause and you might have something real to say one day.
Production quality through the roof. Love it
i made a 2 card rig, got 2 gigabyte 1080 aorus cards, they are very quiet under load and stay quite cool (under 70 degrees). The processor fan actually makes the most noise.Found them on a holiday sale on newegg for $540 each.
I built a rig with my older core 2 quad, and a few old gfx cards, the rig ran great, then used profits to upgrade. it also paid for my new gaming computer, then used my older gaming computer parts for another mining rig. at the moment profits are not too great, but will probably go back up before end of the first quarter.
If i didn't have the parts to begin with, then i wouldn't have got into this, but its been great so far, electric bill not much higher in winter, have the windows open all the time, constant fresh air and heat in winter. I also sold my first mining rig and purchased newer equipment.
LOL I knew sooner or later a finger was going to go into one of those fans.
just a riser that was faulty? you where lucky man, thats nothing
Submerged my rigs in mineral oil. You’ll get 2x the performance.
Watched quite a few of your videos... The dramatics are a bit much but you always bring real info to the table. This video did it for me. No BS. Just exactly how it is. Subbed. Thank you and keep up the good work :)
My 8 GPU Ethereum mining rig paid off all it's graphics cards in 5 months. #Winning #FreeGPUs
Mine did it in 3 days!!! burn.
Would you be so kind to share your mine rig pc specs like what GPUs did u use with what other parts?
I believe he did a video on it, should be up on his page somewhere
its mostly the coin that you mine . you gotta hit the right coin at the right time
lmfao
I was fast enough to get my two GTX 1080Ti for $859 each.
+Kelvin KMS Very nice! Still expensive tho.
Minning in South Africa is so hard compete with the heat and struggle to get parts but it pays of well if you are patient
Top tip if u do want to use minergate, don't mine through it's dashboard but use the miners from command prompt and just fill in your minergate details and the minergate pool u want to mine in a bat file. Gives a way better hashrate then mining through minergates dashboard and u can still use minergate multimine.
Excelent video, man! Here in Brazil the electricity is really high, like 28 US cents kWh but the us dollar is 3 times more, so, my 8 dollars per day is more o less 30 Brazilian Reais, very lucrative! Cheers!
28 cents?? Same like England
Okay now I have to set speed 0.75, forced UFD undervolt.
+Rod Bruh, you gotta learn how to just handle the overclock.
Just got into mining i used my gaming pc and got another 1070 its managing a measly 5 bucks a day but hey 100 free bucks a month is 100 free bucks a month. i hope i can find a couple more GPUS that are used to match them up i would like all 6 to be the same. love the videos though keep them coming
I've been mining via nicehash for the past 7 months and doubled my investment with 5 GTX 1050 ti's, 1xGTX1070 and an AMD Ryzen 1700 CPU @ 4.0Ghz. Looking for a 2nd GTX 1070 for my gaming settup that will be mining during the day and gaming at night :) Don't spend what you don't want to lose, if you love PC hardware and the idea of an easy passive income I would recommend it but be aware that the market can crash at any time and when that happens you can either try and sell what you have or end up stuck with old hardware that gathers dust... Stay away from asic miners and mining contracts, when market fails you have no way of getting your return of investment. Anyways happy mining and great job UFD, keep it up!
Just got into mining about a month ago with my measly RX 570. Making about $3-$4 per day mining ETH. Idk...the troubleshooting and optimization was kinda fun and a learning experience
leonphelps I just started mining one month ago with a single 1060 3gb and I’m earning £4 a day
Christopher Obel i was mining musicoin but recently the prices have dropped so now i am mining zcash but i still make the same amount, if you want to mine any equihash algorithms like zcash, musicoin, etherium etc.. i recommend that you use claymore dual miner it isnt very hard to use, you just have to create the batch file and run it. Also you can dual mine equihash coins on it as they dont use all the gpus power
how much did your setup cost?
shesh, i only spent $1,100 on my rig i just built last week. running x4 1060's and its making me $14 a day. Spend more = make more per. day. Spend less = less per day. Just go with what your budget can allow. Remember each rig can usually pay itself off in 2-3months so thats your risk timeline.
Right now you can get only two 1060 and earn $10 per day because Bitcoin price drop !!! and it should be 4+ months include elect bill.
mine are 3gb :( only ones i could get at a reasonable price.
If you buy GPU now, you will need 8~9 months to pay off !!!
Meh, just gotta know what to mine. I stick to Zcash. It goes up and down daily but usually hits 700$ everyday. Sell then.
Um no, they had the option to buy them just like I did.
I got into mining in August, bought a Threadripper 2990wx a couple of VEGA 56s and 64GB of RAM.
I'm attacking mining via the method most say is insufficient (they are wrong) CPU mining.
Coupled with Windows 10 for Workstations and Hyper-V, I have numerous virtual systems mining a single coin.
G'day from Australia. I've been really enjoying following you're channel. Its really well produced. Could you tell me, how much time do you put into maintanace of your mining rigs. Or is there a video on this that i have missed. And what do you think about the crashing prices. Its seems like its bursting right? Im new to all this so i appreciate the effort you put into your vids. Cheers. Look foward to your response. Killa work dude
Im so happy I got paid out Before the bitcoin drop
+Cranky GamesNL Well done.
Oooooo.... let me guess.... #1 Reason....because there ain't no way in hell you're getting a video card faster than a toaster oven for less then $1000?
+Dan Hughes Lololololol
My $235 3 gig 1060 can mine about 90-95$ worth of ETH per month
Yeah, no chance you're getting that for $235 right now.
UFD Tech
You are in Croatia if you get it used ;)
But how come you still aren't verified tho?
+Orange Broom What's the point of being verified?
Dust kills cards like you wouldn't believe, so does humid air, cold or hot really doesn't matter. Its a reason the biggest mining farms are in places where the geography, power cost and meteorology support it!
My mining business is doing really well! Since starting mining in 2015. I guess you can bet 2017 was a good year for me :)
Put your mining rig next to heatpump = win win!
this guy looks like paul walker a lil bit
+SolarVoid Get that a lot.
He looks like Jesse from the first movie, but not Paul Walker.
You should give up on getting GPUs and invest in a pair of glasses
71 k subs lol i was here at 40k like 3 weeks ago insane growth
Mine Electroneum, it's virtually quiet, you can get around 130-150 per day, and it will go to the moon! I love the team and it makes up a majority if my portfolio. Also noise isn't linear, it's logarithmic :)
You forget to talk about cleaning the video cards every 2 or 3 months to prevent the overheating.... if you want to do it properly is a pain in the ass taking the fans and the cover off the card to clean them and clean the heat sink... there are some cards that easilly allow you to take them off but others like the Zotac 1060 6gb Amp Dual fan is very difficult....
+Juan Jose Aguirre Suarez Haha, I should probably get on cleaning myself then.
i kinda dont agree that it isnt that easy,recently i built a six gpu (r9 280xs) rig for 800 dollans, been mining zec for 2 months now and i have allmost all of the cash initialy spent on it mined in Zec.
+Bloodhunter Soulvortex Bruh, most people aren't legends like you.
hahah fair enough Brett
Bob Freeman ebay ofc
I started with 1 GPU and now I have 3 and 4th is on the way.
did your mining rig pay for the new gpu's?
mitch gams not completely. The time I started, my GPU had ROI of around 2 and a half months but I bought other one in 1 month. Currently, ROI is around 5-6 months and don't even bother to calculate for a new GPU right now because it will take you more than a year to get that money back with current difficulty.
do you think it would be foolish for me to jump on board? I've been giving it some serious thought. I found a source for 4 RX 580 8gb for $1300 (seems a bit steep best i could find) I have no other equipment I'd have to start from the ground up.
mitch gams We can't predict that and assumptions never last. GPU prices are rising day by day and there is no chance in hell it will lower down. Unless Nvidia and AMD start focusing on mining industry and mass producing current GPU lineup. But that won't happen, especially in the case of Nvidia.
With current market bloodbath in mind, I think 4 RX 580s is a fair deal for $1300.
For other components, it won't be much of a trouble. Go with Asus Z270 Mobo, Intel Celeron, 4GB RAM, and a good power supply. Storage is not an issue. You can even run your rig using a USB drive with Ubuntu installed.
I thought my ears died when I heard the multi-GPU sound test... then you had to bust out the clip of the ASIC....
As if the noise wouldn't be a deal breaker to begin with; Electricity rates in Oahu are 28.22 cents/kWh, plus it's always warm here. I wish I could join in the fun, but it doesn't seem likely.
Hey Brett, we miss you :(
+Ashley Chetty Y tho? Been releasing a video every day. 😁😁😂
appreciated
+Ashley Chetty Haha, maybe tonight.
Couldn't help but laugh and nod in agreement at the whole first part :D It's still the best hobby ever though lol hopefully in a few months can start to call it my second job.
Deek Douglas Mining cryptocurrency is not a hobby.
anything you enjoy can be a hobby, depends how you wanna see it, to me it's my hobby and i love it. . . .
I wouldn't call it a first job. Much less a second job. Lol. All Bitcoin has to do is tank.
Deek Douglas:: so how much you make PER-DAY to say it's worth it??????????????
Why would I want to call it your second job?
Why did you sell the Vegas? After undervolting, I can keep the fans at a tolerable level, temps at 59C. $10/day on average with Cryptonight.
It serves me very well while trying to live in Venezuela, I started with a r9 270 last year and with the ethereum pump I managed to build my rig.
Yeah running AMD and Nvidia in same rig Omg almost every morning I wake up one of the software is offline ugh but while I'm at work I use TeamViewer ever hour and make sure they're still mining away... heat atm not a problem it's 20 degrees outside cards sitting at a cool 45 to 58 summer is going to be rough though but I don't pay for electricity so ac all day erday lol
Everyone discourages it, but I've mined stable in the past with Nicehash Legacy app and mixed AMD/NVidia
kaosapprentice its stable for me, i just ckeck the pool url to see if its mining
Bitcoin is on sale today. Did you buy? lol
Hahaha
nope dont have noise issuse liquid cooled ,i live in canada dubbles as a heater in the winter i just open the window to cool the room down but being liquid cooled my MSI GTX 1080 get to 57.C after 24 hours liquid gets to about 40.C in the tank and temps and fans are controlled by a aquaro pro 5 so my fans only ramp up or turn off if need so my rig is farly quiet its in my room and i sleep with it running
About a month ago I picked up a couple 1080TI's for a gaming build that ended up not happening. Not a lot of gamers in my area and didn't want to deal with selling them, so I threw them and an old 1070TI in with an old PC slated for the dumpster and took a shot at some mining. Gotta say I'm pleased so far, partly because electricity is cheap, and it's cold here so the miner helps with my heating. Come summer though, I might just sell the cards and call it good. Not sure I want to deal with the heat during the summer.
+Beachernaut Pretty sweet way to start out. Good job. 😁😁😁
After reading the comments, I went and looked at the 1080TI's I have. Picked them up for a touch over $700 each, now it seems if you can find them in stock, they're going to run upwards of $1,100. That's crazy!
He probably made this video so less people are mining and more profit for him.
+Judson Upchurch Discovered my true plan.
STFU that's the plan
I want to see zebras
+Attarsanah Resources No.
Not til CES next year.
one fix for the power usage is get a really long extension cable and plug it into your next door neighbours place, there for you only need to deal with the heat and noise :D
Honestly I would say another problem is finding reliable hardware that isn't a scam. Given most retail outlets are sold out for GPU's you have to deal second hand or used, leading to questions in quality of product or even if they are authentic. Lot of cheap Chinese GPU's going around with a sticker on it claiming it's something else. Sure the recommend Wootware in this video sounds good but obviously those of us in the USA can't use it due to restrictions.
Good thoughts.
Lol you're the best. I have a 1070ti, and two 1080tis. I can't find any other cards.
Yeah it's sad I just built mine and planned to flip a rig and buy more. So i started with 11 rx570s and 6 1070ti's, now I have 5 570s and can basically only buy back what I had before because of this price rise. Even the computer shop that ordered me the original 11 no problem can't get one for less than $400 to them $470 to customers
Hey just stalk Amazon microcenter Fry's and neweeg Microsoft like every 30 minutes I've been able to buy 3 new 1080ti for less then 729
I started with 20 1080 TI rigs 😂😂⛏
How much is that pulling in mate?
Freddie Hope we are a a Little company, so it’s okey to invest 20‘000 CHF 👌👀
I think they meant, how much profit per day are you making, not how much it costs.
Got 10 Sapphire Radeon’s $280 a piece, 2 Sapphire 580’s for around the same. That reminds me anybody wanna buy a Quake Champions Pack? Super cheap I got them with the cards. I think I have 5 left. PayPal only.
Same here, I have 20 rigs with 8 cards each
I've just decided to mine bitcoin and since the last couple of weeks I've been studying a lot about the cryptocurrency methods os mining and just reached your channel. I found very awesome that you are a channel from South Africa, never did before watched any south African channel.
I liked a LOT your videos, they are very explanatory and I did learned a LOT here.
I recently started to mine with my Gaming Rig, one that I already have before all that start to sparkle all over the world, this Rig is not very NEW, actually I'm running my mining tool on a R9 280X and I hope to build a new RIG just for mining. Here in Brazil the electricity cost are not so HIGH, I used to think that, but after learn the costs on other country's I've realized that here we don't have the worst scenario of electricity high costs.
So I plan to build a miner RIG together with a friend, and at the begging we will use only 3 GPU's, mostly likely we will use 1060 Ti and once we start to reach our mine ROI we will start to improve the RIG step by stop. Our goal is to build a 6 card mining RIG until the mid of this year and then start a new build for a more powerful RIG payed only with profits from the RIG #1.
I hope you keep doing those information videos about mining cryptocurrencys and helping who want's to start doing this as a alternative way to gather some money!
Thanks for your videos and the time that you spent to make than, so we can get more information about the topic!
Nice rig you have there, only thing it needs more lights.
Bitcoin is dropping to hell . :3
correcting to a price it deserves... bitcoin sucks now, unusable
Blind Mantis
what do u run yourself?
Its because of asias new year, people converted to fiat to buy presents etc.
I Sold at 19000 and reinvested in a 1070ti before they sold out
Bit coin is not mined with GPU...
No. 2k for one 6gpu rig is my max and I say this after buildin about 20 atm.
Luck has nothing to do with this. Except share/block solving luck.
The rest is skill.
+Pașca Alexandru Ok.
You know the gamers can buy a 1080 ti SLI for 4k gaming and mine with it over night to have a free upgrade right? Just saying, you can get almost anything you want as a gamer (making 4k gaming possible) if you use your head and play around with cryptocurrency. Also note, in about a year, or whenever mining tanks, budget gamers should be able to buy super cheap 1080ti cards, pretty much ending the point of consoles and getting everyone into PC gaming. Whether that's good or bad, I hate consoles and the low FPS with non-tweakable settings.
But as always, never invest more than you are willing to loose (If I was rich, I wouldn't put all my money in the US dollar, the Euro, or in any single currency, it would be diversified. When China says it wants its 18 Trillion dollars back, the US dollar will tank to worthless, and we saw what happened to the Euro. "Let me just spend my old Aztec coins", all money fails, every single Fiat money does too. I'm also a coin collector and enjoy looking at currencies that were disconnected and now worthless as real money, like the wooden pennies from the US to some beautiful Chinese currencies. I don't actually have Aztec coins though, that was my joke showing how the civilization came to an end)
I am just curious how you can make $1200 back overnight with mining????Peoples with entire shed dedicated to it make around 1200 a day.
I was making a little over $5 per card (and over $4.50 per RX 470 running only 80% speed), and over $6 a day per R9 Fury (I have 2 in my gaming machine) a few days ago. Cryptocurrency took a nose dive since then, and its a lot lower, but its still not super low. For $1200 a day, which was NOT said by any miner, if you can get realistically $3 per card, then it would be 400 cards (now, $3 is kind of low sometimes, so that would definitely more than account for electricity on decent days, but I can't claim to predict the future, so I'm picking just a reasonable number)
I've got 1 rx 470, should I not even bother looking into this? hah. Bit late to the party, but I certainly don't want to buy a seriously inflated gpu
fancy lights make the wire ties look nice
it was worth it when it was worth it. considering that eth is moving to a PoS, the only option PoW will be Bitcoin, and xmr, maybe ltc. The rest of the world will be using alt coins. Minning will maybe be profitable 2-5 years from now for a new miner imo.. Costs of equipment will go down, volume of trades will be up. biggest pro about building mining machines, is understanding crypto. if you get into this, the future is bright. everyone else will be catching up, and not knowing what to do. Great video. The part where you show the 6 gpu work brought me back to my airforce days.
Ha I remember a time when you thought only AMD cards could mine... turns out nvidea was really the better cards...
Hey, I just bought a Titan Xp, any tips?
I do have experience tuning and an extreme overclocker with AMD cards, but I've literally never messed with Nvidia before. I also have some AMD cards mining right now, but I have no experience with Nvidia, recommendations or tips are always welcome. Cheers!
Actually Nvidia is superior for Eth due to higher efficiency or less power usage. It is not better in terms of $/hashrate though.
Higher efficiency doesn't equal more profit though.
It does if your electricity is high or asking of higher electric requires more $$. But of course everything depends on your situation. As mentioned earlier, it is not the best for $/hashrate.
equihash for the titan xp
Wow, you have gotten 71k subscribers, just a while ago you were around 10k. Keep up the good!
I love this, why you might not want to get in to mining from a miner that can explain in detail all of the hardships and costs that come with mining. I myself went cheaper on psu and do 4 card rigs mid tier (rx 570 rig X4 cards & gtx 1060 3gb x4), they are costly even at mid tier with a bit better cpu than normal miners would have. I retired gaming pc using amd fx 8320 and another with an amd ryzen 1300x i got on sale on black friday. They pull decent money, but with cost to profit ratio, it will take about 8 months to even recover costs on all of this unless the coin goes up. There's a bit more detail for anyone who wants to start mining.
I burst out laughing at the antminer blasting away cause i had my sound up and again when you put your finger in the fan lol
Dude! isn't 30Mh/s for the Gtx 1080 Ti a little is too low? With Gtx 1070 you can get that hash rate.
+simopr09 You missed the part where we switched over to talking about 580's
You are quick ! I missed that.
+simopr09 😁😁😁
It's -6 right now. My 5 GTX1060s and 1 RX580 are keeping the stand-alone garage at 15.5. So, he's not kidding when he says thermal output is an important consideration.
Plot twist! That gaming rig you built 3/4 years ago is your best bet at mining.
If you can think long term its ok. Trading can turn profits faster but its what u feel like doing.
I'm buying whatever cards I find available. Any thoughts on multi-GPU mining?
hey, so i did the math, if i buy the asrock h110 and all the necessary parts for the motherboard, which will cost me around $250. And i buy 10 gtx 570 GPUs which in total is only 550 for them all, would i make profit? if i split the money bill with my mom my estimates say maybe...
If you do start out with a smaller rig, could the components be repurposed into a larger rig once the additional resources are available?
I'm not happy with miners right now I want to update to a 1080 ti for gaming and can't afford to now. I just have to hope some get back in stock soon.
The shit with the faulty risers is now common sense in the mining biz imo
I guess it's the first place people look today if something is not working :D
I invested in monero when it was about £80.50, about a month later it was selling for about £350. This contradicts your claim of no better investment
The funniest part is when you're sitting on Amazon for 12 hours a day with your filter set and constantly refreshing the page. When something does pop up, and they do, almost every day, THEY ARE SOLD OUT IN UNDER 5 MINUTES. Unless you have 1 click buying on Amazon you have no chance of getting anything
With Newegg you can get email and text notifications of when something is in stock. I've been away from my computer at times and my phones dings. I see the notification, run to my computer, put the card in my shopping click checkout....anddd suddenly my cart is empty...because I'm too slow.
This is the most comical/absurd thing I have ever witnessed....
:) You didn't even mention that you have to modify your home's electric panel in order to not get melted by that so high extra amount of power, cos if that happens not only it will be costing a truckload of money to repair it but also you'll be relying on the candle lights for a very long time.
One question, what do you think would be better to buy, 2 RX580 or 1 Vega? asuming is the same cost
"If you don't want to practice patience in this game, you aren't going to have a good time.." rofl so true
Just got into mining about a month ago. Using a single 6GB GTX 1060 and was earning about $4/day. With today's market free fall I have watched my earnings fall to about $2/day. Hope there is a turn around on the horizon or there is going to be a GTX 1060 on the used market soon.
I can't seem to find the correct mining software 😑
I just paid 730$ a card for 8 EVGA ICX 1080ti
You are super honest regardless that you sell those parts at your store. this is completely humanity and that why you are gonna have a great future man.
Cheers from Lebanon
+George Athanas I don't have a store.
UFD Tech ops, I miss understood though, but still thank you for the honest information anyway :)
If you want to build a rig on a budget right now, go with 2gb gtx 1050s. these are the only cards that havent been effected much by prices.
I would second that notion, ethereum difficulty is climbing to ice age levels again. Personally I saw 32 percent less ether each month after spending months of time effort and energy and $$$$$. Couple that with a price drop and ROI just got pushed way out. This may not pay off after all. Then you have to consider the fact that you now have a new child to take care of and worry about every day. Not worth it IMO, but I made it this far so I guess I have to stick it out a bit longer..
So no one in the live stream could solve the problem because thats how real it technicians troubleshoot .
Only built a mining rig for 3 cards, its a rough looking build, didn't even paint the wood yet ... My biggest issue was updates and flashing the bios back and forth 3 times.... to get the MB to recognize the cards. then updating and installing amd software for all the cards to show up in windows. I have the MB to run 6 but I decided to start with only 3. as you said, this stuff is pricey and I'm running 3 rx 580's 8gb Red Devils . one of which is the golden edition and it's the slowest miners of the 3 btw.
all that crap said just to say if your thinking about getting into this. it's gonna have a large startup cost and be prepared for some issues in the build . keep some headache meds on hand . also Rum .. lots of Rum ..
Great video. The info about the 5x1080ti rig is spot on.
lol i went away for 4 days left my pc on mining and i got back and turns out it mined for about 2 min and got stuck doing nothing for the rest of the time xD