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But if the last few weeks are any indication, it looks like we may be in for a major resurgence in popularity. The easiest way to determine if GPU mining is going to be profitable for you is to use a calculator. Why these assumptions, you ask? Allow me to explain. I prefer the RX , because it performs nearly as well as the , consumes less power, and costs less.
So watts total for the GPUs, and another 30 watts or so for the rest of the system, which is basically a motherboard and idle low-power CPU. Which leads to the next obvious question: Everything else is essentially the lowest-cost option that will get the job done. The CPU does essentially nothing during mining, so the Celeron is a great low-cost, low-power choice. If you want to get up and running as fast as possible without worrying too much about software setup, consider just grabbing ethOS preloaded on a small SSD.
GPU mining is profitable again—possibly very much so, depending on your electricity costs. Look for a full guide similar to my original litecoin guide in the coming weeks, after I have a chance to get my hands on some hardware and play around a bit! I followed your guide back in and still have a couple of rigs mining strong… with s, no less. Those old s can certainly take a beating — I retired my own litecoin miners in , after about 18 months of continuous mining, but I re-purposed some of the s for gaming.
Shut the miners down when they stopped being profitable — electricity is expensive in the UK — but brought them back up for ETH. I have two old s in a gaming rig, two dead cards just sitting there, and another four that had died within a year but got a full refund under warranty!!
Heat produced is dependant on the algorithm used for mining. Scrypt was pretty intensive and my cards would run about 80 degrees, but ETH is much easier on them. Currently mining ZCoin which is even nicer on the cards. Can someone please comment on the difficulty of ETH mining? It does not seem to be shown in the profitability calculator. My concern of course is rising difficulty as ETH mining blows up. I did great with my scrypt rigs I learned how to build here.
I mined probably over different shitcoins, and at my peak I had 19 gpus running. It was interesting times and I feel lucky to have caught the bubble at just the right time. It ended badly for many. I quit when the scrypt asics came and sold off my components. Mining cryptocurrency should always be considered a fairly speculative proposition, as none of us know what will happen tomorrow. Are you based in the UK? Figured id make sure i didnt have the wrong type of video card selected or something similiar wrong.
Thanks for the guide im excited to start this hobby soon and hope it pays for itself. The prices on hardware will probably keep rising as long as cryptocurrency prices stay high. Cynically though, had I bought the HW equivalent in litecoins at the beginning and sold at the same time, I probably would have made way more….
For me, I started mining on April 18, So mining definitely worked out considerably better for me than buying directly would have — I effectively got my litecoins for about a dollar each. Plus it was more fun, like you said. The huge price jump today was interesting! Price per coin isnt super important, im more interested in mining a new currency in the hopes of a longterm value increase. Zcash and Monero are both present-day popular mining alternative to ETH, although both are currently less profitable.
ETH also probably has a significantly higher chance of a bright future than the current alternatives. Could one use older server components? The parts can be exceedingly cheap. The CPU and memory are usually not important especially under linux , and you can get away with using pretty ancient stuff if you happen to have it laying around.
Can you make a build video and more importantly can you make one showing how to set it to run a program like minergate? I am about to build and found similiar tutorials i can use for building but nothing super specific and cant find anything on the basics of setting up and running the software. This is going to be my first time mining anything so any pointers will be helpful.
I do have most of my updated guide published, hopefully that gets you pointed in the right direction! I saw your guide from on undervolting in vBIOS.
That software looks pretty dated now and was wondering if you have any advice so that I can undervolt s in BIOS and use them in linux?
Thanks for the great site. Okay thanks, let me know if you find anything! Hey Badger, thank you for your post! If you could help me in anything! Hey I was just given everything to set up a rig with 4 Radeon he , I have an extra tower as well but would need a mother board and power supply. Any tips would be appreciated, my buddy is going to put it together but has no clue what mining is.
Unfortunately guides like this are outdated by the time they hit search engines. Eth was profitable when it was priced low and the hash rate was low. Now you have no chance at anything with a video card or even several video cards.
It was profitable for that quick moment while the traders were pumping and the was a co-oridinated effort to raise the price while difficulty was low. If you look at the charts now the difficulty doubled in one month so by the time someone read this article the presumed profits where half, and by next month less than half.
Uh… are you forgetting that the price of ether has increased by a factor of TEN since the time that CB wrote this? Is Ron C right? Has Ethereum mining been unprofitable recently? I thought with the price increase it would be more profitable than ever unless the difficult increased at a faster rate than the price of course. No, he is wrong. Ron C is probably a miner trying to dissuade others from jumping in, so that his own miners reap the benefits with less competition. We talk about ethereum, analyzing profitability, and hardware for building an efficient, low-cost homemade GPU mining rig.
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