I just dove into Ether mining last Saturday. Spent $2,900 on a rig containing 2 NVIDIA geforce gtx 1080ti GPUs. Hash rate averaged 65Mh/s. Assume mining difficulty, mining output and Ether price stay constant (which they don't) I would average around $4.85 USD per day or $1,770 USD per year (excluding exchange fees, etc). That's just pure revenue. Cost of electricity eats into that amount + difficulty + price volatility + any downtime + things I'm not thinking of = No way to mine Ether with all the above and make a profit after paying off original cost of rig.

Could I have built a cheaper rig? How To Start BridgeCoin BCO Mining. Might I sacrifice on quality? I pulled the plug after 24 hours and am currently debating whether to sell off everything I can and stick to investing.Or I could leverage my existing equipment to mine other coins. Which ultimately leads me to the exact same question you have, 'Any other coins to mine?'

This is where you pay someone else to do it for you and get them to run the mining equipment on your behalf. How to mine Ethereum 'the Easy. Ethereum (ETH. Today am going to teach you how to mine Ethereum / ETH with your graphics card and make a ETH Wallet. The download of the blockchain will, like I've said, take a little while. However, you now have an Ethereum address that is available for use. Copy it from your Ethereum Wallet. In your command prompt, type 'cd C: Eth miner', or wherever your miner is saved to. Use the following syntax, and enter this into the. Jul 13, 2017 - But a leveling difficulty doesn't mean that right now is the best time to get into Ethereum mining. As of this writing, a 150 Mh/s 6 GPU mining rig consuming roughly 1,000W of electricity at a rate of $0.1 per KW/h is turning almost.5 ETH per week, which is almost exactly half of what the same rig would have.

Gut feeling we're late to the party. There's still some food left if you don't mind eating off someone else's mostly-eaten plate. • • • • • • •. Wait, why would you spend $3k on a rig with 2 cards?

If you did any calculations whatsoever, you would've known that wouldn't have been profitable before even looking at anything. I just put $3300 into a rig with 6 1070s ($600 for psu/cpu/risers/blahblahblah, $2700 for 6 1070s in a package deal) which when OCed and configured properly should push 180 mh/S. Hell, I'm new at this and did some research before I put all the stuff together, but if you're putting together a rig with no mining power whatsoever made out of new parts, you're setting yourself up for disaster. You need to know your potential profit before you even think of buying equipment.

You put together a rig that has 1/3 the potential of the one I'm using but costs just as much, of course it'll take a ton of time to pay back. Did you use or the before this to calculate things?

If you did, you would've seen that you average about $4.50 per day with each, and that works out to exactly what you said in your calculations, so that shouldn't be surprising. Not trying to ridicule you here, just wondering what made you buy into something basic calculations should've said no to immediately.

• • • • • • •. All new - Amazon delivering everything in terms of the actual rig, the GPUs I have sitting at home waiting to go when they come in the next couple of weeks. 1070s should be profitable to run for at least the next year, my ROI should be 6-7 months (give or take) for that rig, the rest is profit. No used equipment here - Barring some crappy risers (I have extras) or DOA boards (I'll go exchange it at the store) I don't forsee any equipment problems. The MOBO and the PSU are the most important parts of the rig, the rest is a cheap SSD hd, cheap RAM, cheap processor, a rig doesn't need top of the line stuff to run, just needs proper power and mobo slots. Compare the 1080ti's with 1070 efficiency on nicehash for instance: $400 1070 gets you - $942/card/year (obviously numbers fluctuate) - RoA of 5 - (more likely 7) months $700 1080ti gets you - $1374/card/year - Roa of 6 - (more likely 8 months) Then you add extras onto that - You paid $800 for your card (+ tax), and you're losing efficiency every step of the way, unfortunately. I was pretty strict about finding sub $450 cards so my returns would come in properly, have to make a profit for your hard work after all.

Maybe you can take this as a lesson, and you can still use your 1080ti's - They're not a bad card, just a bit expensive - But maybe the next rig you use make sure to calculate values so you get a good return. • • • • • • •. It is certainly not worth it to have a small rig. You basically have to utilize all your PCI-e slots and good portion of your PSU. My rig will soon cost me $4500, but it's for 6x GTX 1070 GPUs. The upfront cost + electricity are the only costs.

There is no downtime or things that you aren't thinking of. Price volatility is a good thing, and there is a strong long-term bull sentiment. Also, the market recognizes difficulty increase and adjusts the price of ether accordingly. All I'm trying to say is that you are being impatient.

Consider completing your rig. • • • • • • •. I probably am. I only installed and powered up. I didnt tinker with any settings/overclocking/etc. But even with max hash rate on two 1080tis, what am I looking?

Approx 80mh/s? If I scaled up and had more than 6-8 of the same GPU then Hashrate obviously increases but so do my initial equip costs.

I'm happy to admit mistakes, etc as I genuinely enjoyed building my own rigBut the business side of me hates the lack of returns. Yes, Ether is still technically profitable at the hobbyist/recreational user level. But the term 'profitable' can be deceiving. 'Worth my time' seems to be a better aim. • • • • • • •.