Worth buying RX 570 4GB cards @ $129, for mining (NH, ETH, Grin, etc?) these days? Or a single GTX 1660ti?

[DrMrLordX]

Larry's power is included in his rent. He isn't paying for it.

@VirtualLarry you need to think carefully before you go on a mining hardware spree. AMD is about to launch Navi which is going to render all their Polaris cards obsolete. I doubt Navi will mine well, but there will probably be a card dump soon as people push their old Polaris and Vega-based hardware onto the market to save up for a Navi. I would expect multiple 580, 590, and Vega56 cards to appear on the market at lower prices than what you see today.

 

[IntelUser2000]

I have 3x RX 470/570 cards that are doing nothing but sitting on my milk-crate rig. I think I have 2 or 3 more in a box.

The recent hard fork for Eth did seem to have boosted profitability way above the point of about 5 months ago. Still, I'm not sure about activating 3 cards just to get 40 cents net profit per day, or $13 a month. 6 cards that are super tweaked might get me 80 cents/day if I'm lucky? Whoop-dee-doo.

 

[whm1974]

Larry's power is included in his rent. He isn't paying for it.

@VirtualLarry you need to think carefully before you go on a mining hardware spree. AMD is about to launch Navi which is going to render all their Polaris cards obsolete. I doubt Navi will mine well, but there will probably be a card dump soon as people push their old Polaris and Vega-based hardware onto the market to save up for a Navi. I would expect multiple 580, 590, and Vega56 cards to appear on the market at lower prices than what you see today.

He should also be aware that his landlord may start asking what he is doing to have such a high power usage. Or he could be police raided.

 

[DrMrLordX]

He should also be aware that his landlord may start asking what he is doing to have such a high power usage. Or he could be police raided.

That's up to him. He's run miners before, though.

 

[VirtualLarry]

He should also be aware that his landlord may start asking what he is doing to have such a high power usage. Or he could be police raided.

For three PCs? LOLNO.

 

[whm1974]

For three PCs? LOLNO.

Well if your power usage is noticeably more then what the other tenants are using, then he might.

 

[amrnuke]

As an anecdote...

But the NH Profitability Calc shows RX 570 4GB cards making like $0.99/mo, after electricity costs, and the RX 580 $2.99/mo.

But, thankfully, my electric bill is included in my rent, and I have electric heat, which means, instead of running the heater to stay warm, I can run my PCs, at least during the colder / winter months, and it doesn't cost anything extra as far as electricity.

Wow, over $7-8 USD / day, per GTX 1080ti card. Not too shabby!

That's really nice that you're getting free electricity.

A 1080 ti runs about $800 and that money, instead invested, in 5 years would gain you $334 at average century-long market gains.

GrinCoin is now trading at $2.47, and the 1080ti is reported to be mining 1.2 GrinCoins daily. That's $3 a day. Let's say it stops its hemorrhaging price-drop and only loses 50% of its value each year instead of losing 65% of its value each quarter. I'm trying to create a best-case-scenario here, so yeah, it's going to be really unrealistic.

Year 1 - $3/day. Year 2 - $1.50/day. Year 3 - $0.75/day. Year 4 - $0.38/day. Year 5 - $0.19/day. That's $1095 + $547 + $274 + $137 + $68 = $2,121 over 5 years.

Let's tack on depreciation of hardware - a 1080 ti mined for 5 years - let's just be optimistic and say you'll get $150 out of it. That's a capital loss of $650.

Since the mining calculator for the 1080 ti doesn't factor in electricity usage, this is a pure best-case, assuming it lasts 5 years, your landlord doesn't notice, you run in 24/7/365, and GrinCoin still exists. That's a net of $1471 over 5 years, or $294 a year, or about $25 a month.

Worst case scenario is that GrinCoin goes tits-up, your card dies after 4 years, you start paying electricity, and you lose money.

 

[VirtualLarry]

https://www.newegg.com/Product/Product.aspx?Item=9SIA4RE91E9033&ignorebbr=1

Well, this changes the equation slightly. Worth buying RX 570 4GB cards, @ $102.99 FS?

 

[amrnuke]

https://www.newegg.com/Product/Product.aspx?Item=9SIA4RE91E9033&ignorebbr=1

Well, this changes the equation slightly. Worth buying RX 570 4GB cards, @ $102.99 FS?

What are you upgrading from?

 

[Feld]

https://www.newegg.com/Product/Product.aspx?Item=9SIA4RE91E9033&ignorebbr=1

Well, this changes the equation slightly. Worth buying RX 570 4GB cards, @ $102.99 FS?

Wow, a Chinese brand has managed to put 2048 CUDA cores on an AMD card!

I'd be skeptical of this deal from an unknown AIB on the Newegg marketplace if they can't even get their product descriptions correct. Chances are support would be zero if you get any duds.

 

[amrnuke]

Wow, a Chinese brand has managed to put 2048 CUDA cores on an AMD card!

I'd be skeptical of this deal from an unknown AIB on the Newegg marketplace if they can't even get their product descriptions correct. Chances are support would be zero if you get any duds.

I was waiting for a response before I jokingly told him what he'd be getting.

But hell, the CORN 570 4GB is $102 but the CORN 580 4GB is only $109!!! Man!

And I definitely bet corn is an accurate description of what you're getting with these cards.

If the company doesn't have a Wikipedia page, good luck finding anyone to support them when they arrive DOA.

 

[VirtualLarry]

Wow, the Corn RX 560 is only $59.99. And they can't guarantee whether you'll get a single-fan or dual-fan model.

 

[maddie]

This is easy to explain. Once Navi lands, bye bye Polaris sales.

 

[amrnuke]

Wow, the Corn RX 560 is only $59.99. And they can't guarantee whether you'll get a single-fan or dual-fan model.

It all depends what they get in from the mining farm that day, and how quickly they can take the old shroud off and put a new one on.

 

[VirtualLarry]

Well, time to revisit this, because BTC has hit above the $10,000 mark, again, finally, and seems to be trending upwards, and mining profits are up, somewhat.

According to the NH profitability calc, which has been fleshed-out with some more models of Ryzen CPUs, RX 570 16GB, and GTX 1660 ti and GTX 1650, among others, here are some stats, monthly:
RX 570 8GB / makes $28 per mo / costs $14 per mo in elec / profit of $14 per mo per card. Costs $110 (refurb) to $130 retail to $150-160 (XFX retail, with mining BIOS to get 26-27Mhs rather than 21-23Mhs)
GTX 1660 ti / makes $30 per mo / costs $9-10 per mo in elec / profit of $19-20 per mo per card. Costs $280

So, if I were paying for my electricity, the GTX 1660ti would be a clear winner, for monthly profit, but not so much, ROI, maybe, simply because the RX 570 is so much cheaper to purchase.

But given that my electricity is paid for as part of my rent, and the overall actual revenue of the GTX 1660ti isn't all that much higher than a single RX 570, I'm not sure if it's worth dropping the $280 bucks on one or two of those cards.

I currently have "spare GPU slot capacity" of like 3-4 more GPU slots, over 2 PCs (each with two slots). I can hook those up to my A/C circuit (my A/C is in a different room, and on the same circuit as my other PCs, hence my issue with running three PCs and tripping breakers, while running the A/C.)

I guess, seeing as how the GTX 1660 ti only uses $9 / mo in elec, rather than $14 / mo in elec, I'm almost tempted to spend the money next month on one or two of them anyway, and maybe try to sell of my RX 570 4GB and 8GB cards (maybe, haven't fully decided yet).

When is Navi actually supposed to be out, and how much higher perf / watt is it? As much as I want to love AMD and their products, and I do tend to root for the underdog, especially when it's the value for $ leader, I hesitate to consider a card that wouldn't have as good a power efficiency as a 16-series Turing NV card. If I'm buying new, anyways.

 

[Guru]

I'd rather buy AMD stock right now, rather than spend #300 on gpu's for mining that might make you $50 in profits over the next 5 years.

If I had $1000 laying around, I'd buy some AMD stock and watch how it quarduples in price over the next few years.

 

[DrMrLordX]

@VirtualLarry

I would wait and see what your current earnings on your existing mining rigs are before you invest in any more dGPU mining hardware. Polaris is getting really stupid cheap, though . . .