/biz/ - Business & Finance

>>10952692
Yes yes yes yes

go vega baby

>>10952754
why?

also, where should I be looking for info like this?

>>10952754
This, AMD RX Vega 56/64/FE all hash CN (Monero and forks) ~2000h/s but are usually loud/hot as fuck and take a bit of tweaking to get running stable. FE are great for CN-Heavy coins like Loki. Pick these up if you can devote some extra technical ability and inconvenience.

If you want to mine ETHash (ETH/ETC) pick up used RX 470/480/570/580 8GB cards. They should push ~32Mh/s each.

If you want flexibility/density/stability pick up used GTX 1080 TIs. They can still hash ETHash at ~55Mh/s+, and most coins have easily accessible CUDA miners available. I'm mining Zhash coins with my 1080 TIs currently.

>>10952846
Look up whattomine.com or crypto-coinz.net for calcutors and start with Nicehash when you're just getting into mining and tweaking your first rig.

Look up AIOminer when you're ready to start mining altcoins. You'll also need to get into a mining pool for most of them. Find the anonymous pools where you monitor using your mining address rather than sign-in.

Used prices on Craigslist with haggling:
Vega: $300-$450
RX 570/580 8GB: $100-200
RX 470/480 8GB: $75-$150
1080 Ti: $400-$550
1080: $350-$450

Just remember everyone selling GPUs are highly motivated and usually overextended.

>>10952858
hmm you basically said to buy both lol. I could use some help choosing between them. Im probably gonna leave it mining ETH or some stable coin and forget about it for a year. Thats the plan at least. Also, I think buying used stuff very sketchy. Maybe you can help me learn how/where to? What to look for, the dos and donts etc. or just let me know where I can learn more about this? Thanks for replying

>>10952941
>Just remember everyone selling GPUs are highly motivated and usually overextended

what do you mean by this?
also, can i trust on stuff I buy off these websites? Im not from the US so Craigslist isnt an option for me

>>10952946
yeah buy both

>>10953650
or all

>>10952692
Sharkmining.com

Yw fkn welcome

Biz

>>10953801
>those prices

what coin should i mine with two 1080 guys? never mined before

>>10952692
If you're asking 4chan these questions you should probably just forget about it and do something else instead.

>>10952946
Buy Nvidia if you're too much of a brainlet to understand that breakdown. They're simple to get running, don't need bios flash, and more density of hashing power per rig, so less cards and other supplies if you want to expand from 0 cards.

>>10953192
Don't worry buying used. There a plenty of people who bought GPUs on credit in January/February, mined for 6 months, and have been trying to sell for the last few months to get their money back. If they were used for mining they are probably in good condition and have a few years of life. Just make sure they're working (ask for a video/meet in person) and not too dirty like they were ran outdoors.

>>10954090
ok so Im probably starting with a nvidia, saw everywhere its easier to set up, which is a good idea. Maybe when i have more money to put on this (and get more knowledge about mining) i'll try different stuff. thanks.

>>10954090
now that we have established Im getting a Nvidia, which one should I get? Should I wait till Nvidia announces their new gpus so I can get the older ones for cheaper?

>>10952692
The best ones are the ones with the largest margin of safety. You need to estimate how much you could sell your GPU in a year lets say. You might be able to sell a GTX 1070 for $280 after buying it for $350 lets say.

So that means you need to earn $70 in the next year to profit on a cash basis (of course if you can claim depreciation, you can shield a lot of your gains from taxes). Let's say you can claim $70 of depreciation on a $350 card, so you probably won't pay any taxes.

Now figure out how long it will take you to cover your margin of safety. When ETH was mining on 1070s for 5-6$ a day, you could break even in <2 weeks. I bought during this time and made a killing (>$1500 profit per card to date).

With reasonable expectations and low electricity cost <0.08/kwh, you can probably cover your costs in about 4 months at current prices on a GTX 1070, although that timeframe will decrease if you can get cards cheaper, have cheaper/free electricity, or get a better profit/depreciation ratio on a card.

Mining is still very well worth it if you pay attention to your costs, but it's not free money like it was over a year ago.