That depends on what you want and how much electricity costs at your place. AMD cards are generally beter at mining many different coins, while GeForce cards are more expensive, have slightly better hashrate but can't mine as many different coins. If you use mining software like NiceHash, whatever coin you're mining can be converted into BTC at a small premium as well. In general check two things that are often overlooked: check what power unit is built in and make sure it has all types of protection against power surges and make sure its capacity is well over the amount used by the cards, mother board and processor combined. I'm going for a rig with 6 AMD RX5700XT cards this time and a 1500 watt Corsair power unit with an 80+ Titanium rating. According to whattomine.com that'll yield us something around 25 euros per day. The rig is built as a closed stackable unit with 6 fans and certainly isn't the most cost effective one on sale; it has an ROI of 256 days, but it's silent, very well cooled and uses only premium components. If you look around though there are much cheaper solutions available for beginning miners; just watch the video and you'll see what I mean, it's how I started the first time :-)
I live in NZ and the power is quite expensive, somewhere around the $0.30 Kw/hr mark. I'd love to set up a rig when I eventually have my own place with some solar panels. Thanks a lot for your comprehensive answer.
Congratulations @zyx066! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You have been a buzzy bee and published a post every day of the week
You can view your badges on your board and compare yourself to others in the Ranking If you no longer want to receive notifications, reply to this comment with the wordSTOP
No, never tried monero. There's still a lot of uncertainty surrounding privacy coins and monero has been pulled off of several exchanges. I do believe it's going to pump eventually as there's enough demand for privacy coins, and monero is the granddad of them all. It's not for me though; what I love about cryptocurrencies is the transparency; we, on Hive and Steemit, can see everything about each other's wallets and all transactions of BTC and most other tokens can be viewed by anyone. The beauty is that this feature doesn't make them unsafe. Also, this transparency is the number one argument against those in the mainstream media who keep asserting that bitcoin's being used for shady stuff and by shady people; it's the opposite and most criminal activities are funded with fiat and cash... Sorry, that was a long answer for a question that could have been answered in a single word ;-)
What pre-built mining rig would you recommend?
That depends on what you want and how much electricity costs at your place. AMD cards are generally beter at mining many different coins, while GeForce cards are more expensive, have slightly better hashrate but can't mine as many different coins. If you use mining software like NiceHash, whatever coin you're mining can be converted into BTC at a small premium as well. In general check two things that are often overlooked: check what power unit is built in and make sure it has all types of protection against power surges and make sure its capacity is well over the amount used by the cards, mother board and processor combined. I'm going for a rig with 6 AMD RX5700XT cards this time and a 1500 watt Corsair power unit with an 80+ Titanium rating. According to whattomine.com that'll yield us something around 25 euros per day. The rig is built as a closed stackable unit with 6 fans and certainly isn't the most cost effective one on sale; it has an ROI of 256 days, but it's silent, very well cooled and uses only premium components. If you look around though there are much cheaper solutions available for beginning miners; just watch the video and you'll see what I mean, it's how I started the first time :-)
I live in NZ and the power is quite expensive, somewhere around the $0.30 Kw/hr mark. I'd love to set up a rig when I eventually have my own place with some solar panels. Thanks a lot for your comprehensive answer.
When will you break up the United Kingdom into decentralized republics?
(Tongue in cheeck!)
Vary inspiring post, thanks for taking the time! I’ll have to use this as a reference in the future.
Congratulations @zyx066! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Have you tried mining monero?
No, never tried monero. There's still a lot of uncertainty surrounding privacy coins and monero has been pulled off of several exchanges. I do believe it's going to pump eventually as there's enough demand for privacy coins, and monero is the granddad of them all. It's not for me though; what I love about cryptocurrencies is the transparency; we, on Hive and Steemit, can see everything about each other's wallets and all transactions of BTC and most other tokens can be viewed by anyone. The beauty is that this feature doesn't make them unsafe. Also, this transparency is the number one argument against those in the mainstream media who keep asserting that bitcoin's being used for shady stuff and by shady people; it's the opposite and most criminal activities are funded with fiat and cash... Sorry, that was a long answer for a question that could have been answered in a single word ;-)
You can mine it on your desktop.
I haven't won any lotteries, yet.
What about running an edge node to mine theta fuel?
They haven't made one for linux, yet.😕
Monero is the only true cryptocurrency.
All exchanges are scams.
I thank you for your continued support, @logiczombie :-) Some would say that dogecoin is the only true cryptocurrency... ;-)