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Hardware to start mining

tvfreak

tvfreak

Senior member
I hope this is the right section to post this. My buddy and i would like to start mining cryptocurrencies. My buddy found a website called gpushack. This company has a bundle of a MOBO/CPU/Ram and ethos bundle for 13 GPU's. My buddy wants to mine using linux. My question is, is this company legit? Has anyone used them before? And i wonder what type of mobo, cpu and ram they supply. Anything decent.

If anyone has experience in mining or any info would be great. Thanks.

https://gpushack.com/products/mobo-cpu-ram-ethos-bundle-for-13-gpus?variant=47798545999
 
That is not hardware to start mining. That is hardware to go crazy with mining. (Some might say it's to "invest" in mining, but that's a matter of perspective.)

What computers do you have currently? Those might be hardware to start mining. Maybe not Bitcoin, but maybe Ether or Monero.
 
Ken g6 said:
That is not hardware to start mining. That is hardware to go crazy with mining. (Some might say it's to "invest" in mining, but that's a matter of perspective.)

What computers do you have currently? Those might be hardware to start mining. Maybe not Bitcoin, but maybe Ether or Monero.
Click to expand...
Here I am hoping that in 2018 the mining Bubble will pop and bring down GPU prices back to normal and you are encouraging another person who wants to go into mining coins. We should be strongly discouraging people from going into this.
 
whm1974 said:
Here I am hoping that in 2018 the mining Bubble will pop and bring down GPU prices back to normal and you are encouraging another person who wants to go into mining coins. We should be strongly discouraging people from going into this.
Click to expand...
He wants to go into mining. I'm encouraging CPU mining instead of GPU mining. There's also ASICs for Bitcoin, but I'm not familiar with their status.
 
I GPU mine, as long as it's profitable why the hell not join in and get some free hardware.

Those who are angry at mining for causing expensive video cards...should probably start mining. Then their video cards are free. I ROI'd 5 used cards in under 3 months, and my ROI for all new cars is about 4 months (120 days).

It's easy, it's fun, and its a great way to have a little passive income on the side. For however long it lasts... remember people have been saying it's going to be dead in 6 months for about 7 years now 🙂
 
My buddy and I want to give GPU mining a try.
Any suggestions on what type of cards?
Any what about that link? Is it legit?
 
GoStumpy said:
I GPU mine, as long as it's profitable why the hell not join in and get some free hardware.

Those who are angry at mining for causing expensive video cards...should probably start mining. Then their video cards are free. I ROI'd 5 used cards in under 3 months, and my ROI for all new cars is about 4 months (120 days).

It's easy, it's fun, and its a great way to have a little passive income on the side. For however long it lasts... remember people have been saying it's going to be dead in 6 months for about 7 years now 🙂
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What do u think of the weblink I have on here?
Is it legit? Have you heard of that company ?
Thanks
 
Agreed, I smell a rat there. For GPU moving just get a few 1060s and go from there.

... Or better, given that mining is at best a risky as hell investment with impending regulations, sketchy infrastructure, massive growing pains, rising transaction fees, rampant fraud, etc... Take the money you were gonna drop on mining and throw it in a mutual fund. Good ones net around 5-8% per year, no fuss. I started mine small but it's grown over the years and the passive income now is pretty significant and a lot more reliable than Bitcoin. At the rate I'm going I'll be able to retire on it before I'm 40. Not that I plan to, but having the option is pretty awesome for peace of mind.

Hustling for fast money < saving for reliable money.
 
etherealfocus said:
Agreed, I smell a rat there. For GPU moving just get a few 1060s and go from there.

... Or better, given that mining is at best a risky as hell investment with impending regulations, sketchy infrastructure, massive growing pains, rising transaction fees, rampant fraud, etc... Take the money you were gonna drop on mining and throw it in a mutual fund. Good ones net around 5-8% per year, no fuss. I started mine small but it's grown over the years and the passive income now is pretty significant and a lot more reliable than Bitcoin. At the rate I'm going I'll be able to retire on it before I'm 40. Not that I plan to, but having the option is pretty awesome for peace of mind.

Hustling for fast money < saving for reliable money.
Click to expand...
We plan on going for 1070ti and go from there.
We get it's a risk

Sent from my ZTE A2017U using Tapatalk
 
If you're set on it I'd suggest bumping up to 1080s with a modest underclock - time to ROI is about even and you'll make money faster after the investment is paid (or have a bit more breathing room to extend the life of the cards) but either will work fine.

There are cheapish mobos on Amazon with a ton of pcie x1 slots which are plenty for most crypto mining. Snag one of those and some well reviewed pcie adapter cables for mounting, and you're good to go.

On that note, I really wish one of these Bitcoin knock offs would start using folding@home instead of arbitrary math... That's an awful lot of power being wasted around the world on math that doesn't need solving.
 
etherealfocus said:
If you're set on it I'd suggest bumping up to 1080s with a modest underclock - time to ROI is about even and you'll make money faster after the investment is paid (or have a bit more breathing room to extend the life of the cards) but either will work fine.

There are cheapish mobos on Amazon with a ton of pcie x1 slots which are plenty for most crypto mining. Snag one of those and some well reviewed pcie adapter cables for mounting, and you're good to go.

On that note, I really wish one of these Bitcoin knock offs would start using folding@home instead of arbitrary math... That's an awful lot of power being wasted around the world on math that doesn't need solving.
Click to expand...
We are looking at the zotac 1070ti

Sent from my ZTE A2017U using Tapatalk
 
I would look into a program called nicehash. A LOT of people are using it. It supports both cpu and gpu mining. It runs all of the algorithms that are profitable out there, but it pays you specifically in bitcoin. To give you a rough idea of how profitable it can be, you can make over 300 dollars a month with two gtx 1080s. Obviously the more video cards you have, the more it will scale. GPU mining is much much more profitable than cpu mining with consumer hardware. The approach I was planning on taking is multiple gtx 1080s in my house hold. Then I will be swapping over to mining specific machines with amd cards. You can run 8 GPU's per machine and the ROI is pretty high. Even with bitcoin falling down to 13k currently, I am still making the same per day as I was when it was around 16k.
 
Interesting that the GTX 1080 can make that much.

Is this from before the NiceHash hack, or afterwards? Because they were hacked, and all of their bitcoin got transferred out. I lost money from their last supposed payout.

I find it hard to trust them again.

You said "you can make"... are you actually already doing this? You don't have to answer if you don't want to, because reasons, but I'm curious how you felt about the "hack" issue, and whether you would continue to use their service to mine with.

Edit: $300/mo sounds a little optimistic to me. I made maybe $180 the first month, with 2x R9 270x, RX 470, RX 460, and a few other cards, all running, AND doing XMR on the CPU (Ryzen R5 1600l).

It was down to $60-80/mo a few months later, due to difficulty increases. I've stopped due to the NiceHash "hack", and I haven't even made ROI on my RX 570 card I paid $315 for a few months ago.

So, GL if you drop coin on some 1080 cards, hoping to make at least ROI.

So if you haven't actually done this very lately, I would hesitate to tell someone that they could make $300/mo, with only two video cards. Granted, they are quite powerful.

That's with NiceHash. What you can do, is mine (directly, more-or-less, although using a pool is fine) some of the smaller altcoins, and then HODL them, until such time (hopefully) that they increase in value, like we've seen eth do.

OTOH, NiceHash pays in BTC, so just earning BTC and holding it for the eventual rise, is probably going to be profitable too regardless.
 
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@VirtualLarry This is from both before and after the hack. They are making good on paying everyone back, people are going to get more information about it on January 31st. Yes I am already doing this, my miner is running as we speak with several machines using the same wallet id. As far as using there service after the hack, I wasn't to worried about it honestly. I was upset that the hack happened, as was everyone, but I don't dwell on the small things. As soon as they said they were paying people back, I had full trust that they would and I still do. I've used pretty much every mining program out there and Nicehash has been the most profitable for me.

I also mined with miningpoolhub, zpool without any other programs, just doing it in batch files. Nichehash still paid out more for me. Sorry 300 sounds optimistic to you, but I am just sharing my results. I can post screenshots of the exact amounts I am making if you would like with the exact hardware. I was giving a rough estimate, but I am running 2 gtx 1080s, a 750ti, an 8700k and another cpu....forget what it is. I'm making more than 400 a month with that hardware. If I factor out the 750ti which is gaining next to nothing and one of the cpu's, I can calculate that it's slightly more than 300 in a month with my hardware at my overclocks.

As far as my ROI, I haven't had any issues making my money back. I have a few friends who are doing this with me and we are going to group mine to reduce ROI. Basically a ponzi scheme that actually pays out.

As far as telling people how much they can make, as I stated above, my statistics are spot on as I am looking at the software currently and 1 gtx 1080 is currently making me 6.77 per day. We make much more than 300 per month just off the 2 gtx 1080s, but that is running them a full 24/7. I estimated on the low end to be on the safe side.

Also the fact that nicehash pays out in bitcoin is great as I have made a ton of money transferring it over to my coinbase wallet, letting it rise up to 18k and then tossing it into paypal. When it falls low, I transfer more in and rinse and repeat. Buy low, sell high. It's extremely simple. Is there a chance that I could toss 100 bucks in at 13k and it could fall to 10k? Sure, I will take a hit on 10 bucks and enjoy all of the money that I have earned in the mean time lol.
 
Thanks for the reply. I'm honestly, kind of amazed. I might just fire up my rigs again with NiceHash then. They said to use a new wallet id, right? I'm on a fixed income, so I can use an extra few hundred a month, and electricity is included in my rent. (And even if it wasn't, I was making more than the juice cost, I have my main rig on a Kill-A-Watt EZ with logging for that reason.) Not to mention, it's winter here, and quite cold, and the power used by the hashing, just goes towards heat anyways, so it's offsetting what my electric heat would cost anyways. So the hashing is free!

If only I could keep my XFX RX 470 and 570 cards from having their fans give out. I've got an XFX R9 270X with a bad (noisy) fan too, which is a PITA when you're trying to sleep. (I have to up my fanspeed, and lower my power limit, otherwise, my RX 570, which is an "OC+" model, will just pin itself at 89C during mining. And my RX 470 was doing that too, but I found out that was because the fans on that card were "drooping", contacting the lower card, and not spinning! Ouch.
 
@VirtualLarry Yes, I would highly suggest getting a new wallet id and setting up 2FA. They also now allow free transfers to coinbase, meaning there is no fee to transfer from nicehash to coinbase. It's wonderful that they added that as it cuts down on the fees. My machine isn't the quietest by any means, but luckily it's not in the bedroom so I don't mind the white noise while im watching tv shows or gaming etc.
 
I'm debating on getting into it myself, but I would stick with buying components from normal retailers. There are a few interesting boards on the market, such as this one: https://www.ncix.com/detail/asrock-h110-pro-btc-intel-b4-141794.htm

Windows has a limit of 8 GPUs per system but as far as I know Linux has none so Linux is the way to go if you want to go big.

I still need to do a lot of research before I build so can't really help with specifics, but do keep in mind you will need a LOT of 12v power if you do anything over like 4 GPUs. When buying a computer PSU keep in mind the rated wattage is total wattage of each rail so only a part of that rating is for the 12v rail. On the PSU itself it usually says what each rail is rated at.

Me personally think I'll start small but I might still get that board and build my own high density rackmount case, then see how it goes from there. Hydro is really expensive here so it may not actually be worthwhile, but figure it won't hurt to try! I can just repurpose the system for something else.

Either way it will make a fun project to do.
 
fastamdman said:
They also now allow free transfers to coinbase, meaning there is no fee to transfer from nicehash to coinbase.
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Are we talking, no bitcoin transaction fee? Or no additional fee charged by NiceHash? I didn't have a NiceHash "account", just mining directly to a wallet on my PC.
 
VirtualLarry said:
Are we talking, no bitcoin transaction fee? Or no additional fee charged by NiceHash? I didn't have a NiceHash "account", just mining directly to a wallet on my PC.
Click to expand...

Nicehash has 1 fee when they deposit it into your nicehash wallet or into a coinbase wallet. Before what was happening was people were getting hit with a fee when it entered the nicehash wallet and again when they transferred it to any other wallet. Now, you only get hit with the normal daily payout fee. Here is a link talking more about there fees. https://www.nicehash.com/help/fees Also, there twitter is a really good place to read up on new changes / upcoming changes. As is there facebook page.
 
Got NiceHash up and running again, with an R5 1600, RX 470, and RX 570. Even with fan speeds at 3000 RPM, and power limit at -30%, I'm still hitting 90C on the top card.

Anyways, "daily payout fees"? I never used to get daily payouts, I would get... weekly, then bi-weekly, then monthly, as the amount mined kept going down due to difficulty.

Does that mean if you sign up for a NiceHash account, you can get daily payouts?
 
VirtualLarry,

are you running the reference design cards or something? 89C on RX 470/570?

Anyway, you can make more than $150/month with 3 RX 470-class cards. Whattomine says 2 GTX 1080s can do $10/month at least for the top 3 mine, and I've found the site to be pretty accurate.

One thing I'm not sure about is NiceHash. They've got ways to go before they earn our trust. I've got 7mBTC in an external wallet before the hack. I think I'll mine just to get it back but unless they bring back cashing out in much smaller amounts, its doubt I'll go back.
 
Depends on your budget.
Try starting slow, with maybe only 2 or 3 video cards, such as the GTX 1070Ti.
The video cards that use Samsung memory are running more efficiently; EVGA is one brand that uses Samsung GDDR5. The CPU doesn't need to be "top notch", because a lower cost (~$40) CPU is adequate for GPU mining. AFAIK, CPU crypto-mining is not very profitable.
I'd recommend a 32Gb USB 3.0 flash drive, which can also be made to run "Windows to Go", using a Windows .iso file and Rufus (free software).
Motherboard: one of the Gigabyte Z270's, would be my pick.
A Gold or Platinum rated PSU would be ideal, for energy efficiency.
Also: check out voskcoin on youtube.
 
vailr said:
Depends on your budget.
Try starting slow, with maybe only 2 or 3 video cards, such as the GTX 1070Ti.
The video cards that use Samsung memory are running more efficiently; EVGA is one brand that uses Samsung GDDR5. The CPU doesn't need to be "top notch", because a lower cost (~$40) CPU is adequate for GPU mining. AFAIK, CPU crypto-mining is not very profitable.
I'd recommend a 32Gb USB 3.0 flash drive, which can also be made to run "Windows to Go", using a Windows .iso file and Rufus (free software).
Motherboard: one of the Gigabyte Z270's, would be my pick.
A Gold or Platinum rated PSU would be ideal, for energy efficiency.
Also: check out voskcoin on youtube.
Click to expand...
What are your thoughts on zotac 1070ti cards?

Sent from my ZTE A2017U using Tapatalk
 
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