Cryptocurrency Mining

Budza said:
Just checked your site. Nice.

Is the 570 the new one to have? What's the backlog- if more are arriving every 2 weeks?
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My backlog is very small, only really take pre-orders from mybb members and people I know.

Struggling to find stock even with my contacts I have build up over the years. I know for fact I have rx480 8gb coming(2) and rx 470(5). But they all have buyers, that will probably not back out .

I do have 12 cards from my usa supplier which should be shipping in a week or 2.
 
Too impatient to wait for RX500 cards so just pulled the trigger on 6x GTX1070. Will do another rig with RX500 in a few months depending on the mining environment
/fingers crossed they have the stock
 
I bought an RX480 in January, and a new case and PSU in March. Started mining on March the 5th. Today, I've got enough cryptocurrency holdings to repay my entire investment including electricity.
 
Ancalagon said:
I bought an RX480 in January, and a new case and PSU in March. Started mining on March the 5th. Today, I've got enough cryptocurrency holdings to repay my entire investment including electricity.
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As a noob at this, can I ask the monetary value of that investment?
 
riscbroker said:
As a noob at this, can I ask the monetary value of that investment?
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To calculate returns on the initial investment vs an ongoing mining operation?

How long does the hardware remain profitable? A halving of payouts or increased difficulty (or both!) will keep you in an upgrade loop.

What can the used cards be sold for afterwards, when no miners want them?
 
Budza said:
To calculate returns on the initial investment vs an ongoing mining operation?

How long does the hardware remain profitable? A halving of payouts or increased difficulty (or both!) will keep you in an upgrade loop.

What can the used cards be sold for afterwards, when no miners want them?
Click to expand...

Just the first one. I looked at prices of the RX480 but there are many derivatives, ranging from 4K up to 12K. I just wanted a fairly accurate capital cost of his rig plus running costs, since he has already recovered that. Also the data consumption, unless that is negligible? Then I'll know if my slush fund will cover this.....
 
riscbroker said:
Just the first one. I looked at prices of the RX480 but there are many derivatives, ranging from 4K up to 12K. I just wanted a fairly accurate capital cost of his rig plus running costs, since he has already recovered that. Also the data consumption, unless that is negligible? Then I'll know if my slush fund will cover this.....
Click to expand...

You would never find an RX480 for R12k. Most they should go for is R5k and that is a lot.

My RX480 4GB cost me R3750. A RX480 8GB is a little faster and a little more expensive.

Case and PSU (needed an upgrade) - R2395

Electricity - around R270 per month.
 
riscbroker said:
Just the first one. I looked at prices of the RX480 but there are many derivatives, ranging from 4K up to 12K. I just wanted a fairly accurate capital cost of his rig plus running costs, since he has already recovered that. Also the data consumption, unless that is negligible? Then I'll know if my slush fund will cover this.....
Click to expand...

Same here.

Think I'll go for a single 470/80 or 570/80, run some tests then add another if it's working.

When that's paid for itself I'll consider a complete rig with 6GPU :cool:
 
I don't think I'll go multi GPU, but it makes it a lot easier to justify upgrading to Vega when it comes out. Depending on its price and mining performance.
 
Another Q: for how long will 4GB be enough per card? 2GB is already too small, how large is the working file going to get in the near future? 4GB vs 6GB as a starting card is what I'm getting at...
 
Ancalagon said:
I don't think I'll go multi GPU, but it makes it a lot easier to justify upgrading to Vega when it comes out. Depending on its price and mining performance.
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If the one is paying for itself and your mobo+PSU can take more, why not? :D
 
Exactly the info I wanted, just need a ballpark figure for the appropriate motherboard, complete. Thanks guys.

This is the reason I was confused about the graphic card prices:
gx480.PNG
 
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Budza said:
Another Q: for how long will 4GB be enough per card? 2GB is already too small, how large is the working file going to get in the near future? 4GB vs 6GB as a starting card is what I'm getting at...
Click to expand...

I don't think anybody could tell you for certain. But I would not purchase a 1060 for mining - 480s are faster, even 4GB 480s.

Put it this way - you will earn enough cryptocurrency to pay the card off long before memory is an issue.
 
riscbroker said:
Exactly the info I wanted, just need a ballpark figure for the appropriate motherboard, complete. Thanks guys.

This is the reason I was confused about the graphic card prices:
View attachment 438632
Click to expand...

I'd be curious as to what the actual adverts say. I mean, is it for an entire PC? price is very, very high.

In any case, buy from either Carbonite or Wootware, although stock of 480s is hard to come by at the moment.
 
People using Nicehashminer & AMD cards, if you have daggerhashmento (eth mining) enabled alongside equihash (zcash), does it switch to equihash at times or does it consistently stay on dagger ?
 
etienne_marais said:
People using Nicehashminer & AMD cards, if you have daggerhashmento (eth mining) enabled alongside equihash (zcash), does it switch to equihash at times or does it consistently stay on dagger ?
Click to expand...

In Nice Hash, in Advanced under Settings, there are settings as to when to switch, the minimal time to switch algorithm and the profitability threshold.
 
etienne_marais said:
People using Nicehashminer & AMD cards, if you have daggerhashmento (eth mining) enabled alongside equihash (zcash), does it switch to equihash at times or does it consistently stay on dagger ?
Click to expand...

Can speak for team red, but my GTX1060 mines mainly on Dagger, but switches to Pascal and Lbry every now and then.
 
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