Time to get mining! Follow my adventure to start a small mining farm.
Our 1st rig is complete and below you get a peak at whats inside!
This giant heatsink is to keep the AMD A10 processor running cool! And look at the RAM!
Here you can see an AMD 560 with room for more
Here you see 2 AMD RX 580 8GB
Another angle
Here you see the unit complete and all hardware being benchmarked by nicehash!
Here you can see 2 cards mining @ $4 per day on nicehash, a rx560 and rx580 both 4gb (need to reload drivers for thr 3rd card)
Here is minergate with all 3 cards and 2 of the 4 cpu cores mining, the diversification is fun but makes much less than nicehash running only 2 cards!
Here is the next rig being built around an AMD Threadripper water cooled chip!
Thanks for following! here is the mining room getting ready
Great set up but it can’t be profitable when you factor in electricity costs and depreciation in the hardware value?
I mined btc on grapics cards back in 2011 and it was only just profitable for me then. But then despite pulling in 0.5 btc a day, it wasn’t worth selling it!
The idea is support the blockchain and mine coins, sure its profitable but in 10 years it could be the decision that made alot more possible! .5 btc a day!🤤 if you kept that up you would be very well off...
It was two graphics cards and even then difficulty was rising and btc was worth around $3 each so no fortune was made. And if you mine and hold you are prob better off just buying.
But that is a great set up and I love that you want to support the block chain. Unfortunately ekectricity is too expensive where I live to make that viable.
Electricity costs vs. the total in coins you mine after years if the value skyrockets as it has...
You can’t compare to the value it may or may not be worth in the future. You can only compare to value today. If you think coin x will go up in the future, you are probably going to be much better off buying that coin rather than mining it.
Yes you are correct, i buy and mine to support the blockchains i invest, also it is profitable as these cards i bought for $300 go for $700+ already search amd rx 580
I admire your support to the blockchain sand love your set up. I just wondered if you had found the magic bullet of profitability!
Question. So the $4 a day, is that a net profit or do we need to subtract daily electricity use to get the actual profit margin?
That is gross although it should be near the same in profit once cards are optomized.
Great tutorial mate!
Thank you jorge
great post
get your hands on these free faucets too and get them staking
https://steemit.com/cryptocurrency/@banditqueen/staking-pos-cryptocoins-all-at-one-place
https://steemit.com/bitcoin/@banditqueen/free-multi-crypto-currency
Give http://www.awesomeminer.com/ a shot!
Use it with http://miningpoolhub.com for maximum control on coin mining!
Thanks I will check it out!
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thanks for posting, i just started building a mining rig myself, hopefully i will be all set up and mining by the end of the month :)
Outstanding, good luck!
Is it profitable?
Yes, each 500 dollar rx580 can mine 77 dollars a month
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@adriatik thanks for your help!
I am also starting a small mining farm for altcoins. Great article, upvoted and following you. Good luck in your venture!
Respectfully yours,
Jacob A. Billett, M.B.A
CEO Billett Enterprises, Inc.
Thanks for the info!👍
@wrxcryptominer you can go load drivers and get that 3rd card running if you want!
Nice pictures. Thanks this is pretty inspiring! I've been following this subreddit lately: https://www.reddit.com/r/MoneroMining/ and I'm hopeful to also get into this at some point.
Very nice my next rig will mine monero!
Nice rig. I wanted to do some mining too but my current financial situation is bad and can get a basic rig up.
I tried mining with my existing PC but for some reason the software doesn’t like my gtx770
So I can’t test out mining. But great to see your room and rig is ready to go
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Impressive rig! What did it cost to set up and how long do you think it will take to pay for itself?
I imagine it's quite a noisy beast so hope you haven't set it up near a bedroom. :)
It should take 10 months at least, total cost I am still building it, each $500.00 rx580 can mine 77 a month after power is paid.
That’s awesome. 10 months isn’t a bad payback period. I imagine it’s also dependent on market movements. 2018 should be a great year though so you could have it paid off very quickly. :)
Indeed that is what i am hoping for
Nice machine. You got me interested. I will read.
Soon I hope to offer machines & cloud mining!
Great Post
I like it
I wish you success
@dynamicrypto
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Ok thank you fajrin