Computers & Electronics

Bitcoin mining, Antminer S9, $790 USD/month profit

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  • Jun 3rd, 2018 4:53 pm
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Aug 22, 2011
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bomber17 wrote:
Jan 9th, 2018 9:41 pm
What do you think the value of each card would be when it's not profitable anymore? I remember it happened before but wasn't sure how much each card lost value.
An update for you.
Pretty much everything except the GPUs, will be ordered from mikescomputershop, at approximately $1500 after taxes.
6 1080ti, if I can buy all of the same type; will be around $7000-$8000.
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Apr 5, 2016
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vkizzle wrote:
Jan 9th, 2018 10:22 pm
An update for you.
Pretty much everything except the GPUs, will be ordered from mikescomputershop, at approximately $1500 after taxes.
6 1080ti, if I can buy all of the same type; will be around $7000-$8000.
Thanks. Right now I'm still on the fence whether or not to use $8k to set up a mining rig or just use the $8k and buy coins. My thinking is that a mining rig is safer as you get physical hardware you can sell later. Plus, I think there's always going to be another round of crazed mining later on too. I also need to see if nicehash is also the best way to do it as some people suggest joining a eth pool like nanopool nets better returns.
Last edited by bomber17 on Jan 9th, 2018 10:35 pm, edited 2 times in total.
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coriolis wrote:
Jan 9th, 2018 10:00 pm
Well, GPUs will still be worth something, because there is still a demand for them, for gamers and such. However, when that happens, there will be a mass exodus of these cards. This whole mining craze is resulting in the overproduction of video cards and RAM, there are warehouses out there with thousands of cards.

It's really hard to estimate what will happen. Video card prices, like all technology, depreciate quickly. But this mining phenomena is creating huge influx of production of these cards, not for its intended purposes. How long will it last? What happens then? No one knows because this has never happened before.


Also, to add, this is definitely good for business, especially nVidia and AMD, and its vendor manufacturers, but how high will this go? Will it reach a point where GPU mining is dead and there are hundreds of thousand of cards that are not in use. What then?

This is why the 1080ti is a popular option, even with its price tag that hasn't moved, instead, above MSRP. It's one of the most expensive, but also has the best return. If mining dies, its still a top end video card that can be used for other things, and should hold more value then the 3gb 1060 for example. There will be hundreds of these cards going on sale on Kijiji, whos going to buy them? Gamers, sure, many of them will definitely upgrade, but outside that, its scary to think what kind of aftermath will result in the industry and the used market, that is if it happens. It is definitely interesting development that will have books written about this in the future.
I think they are capping production to prevent a massive drop in value of their cards. Heard from a retailer there is now a massive worldwide shortage and manufacturers aren't making more to satisfy the demand, and simply raising prices instead. This should be better as with a higher price, the decrease won't be as bad but who knows.
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Jun 1, 2015
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bomber17 wrote:
Jan 9th, 2018 10:35 pm
Thanks. Right now I'm still on the fence whether or not to use $8k to set up a mining rig or just use the $8k and buy coins. My thinking is that a mining rig is safer as you get physical hardware you can sell later. Plus, I think there's always going to be another round of crazed mining later on too. I also need to see if nicehash is also the best way to do it as some people suggest joining a eth pool like nanopool nets better returns.
I mined ETH for a little while when nicehash was down, its not even close. The best other option other than nicehash would be MiningPoolHub from my experience.

I really highly doubt there will be any other craze of mining in the future, as Proof of Work is really fading out, getting replaced by Proof of Work, DAG or any other types of Proof of *insert anything*. In a 2-3 years i doubt that all the altcoins (most of them shitcoins) being mined right now when renting your GPUs on nicehash will be worth anything. Probably only BTC will stay Proof of Work, even BTC with lightning network removing TX fees to miner and reward halvings, mining profit will probably lower alot (doesnt matter for GPUs as they dont mine BTC anyway)
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barrette123 wrote:
Jan 9th, 2018 10:53 pm
I mined ETH for a little while when nicehash was down, its not even close. The best other option other than nicehash would be MiningPoolHub from my experience.

I really highly doubt there will be any other craze of mining in the future, as Proof of Work is really fading out, getting replaced by Proof of Work, DAG or any other types of Proof of *insert anything*. In a 2-3 years i doubt that all the altcoins (most of them shitcoins) being mined right now when renting your GPUs on nicehash will be worth anything. Probably only BTC will stay Proof of Work, even BTC with lightning network removing TX fees to miner and reward halvings, mining profit will probably lower alot (doesnt matter for GPUs as they dont mine BTC anyway)
How long do you think we can keep mining until it's not profitable anymore?
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bomber17 wrote:
Jan 9th, 2018 11:15 pm
How long do you think we can keep mining until it's not profitable anymore?
How long do you think you will live? Theres absolutely no accurate estimation on how long you can keep mining until it's not profitable. Just keep mining if it isn't. I made that mistakes back in 2011 when I stopped mining bitcoin, just because it became unprofitable.
it's me ramin.
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Jun 1, 2015
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bomber17 wrote:
Jan 9th, 2018 11:15 pm
How long do you think we can keep mining until it's not profitable anymore?
Right now its pretty hard to say. Mining is so profitable at the moment because the altcoin market is so irrational. We are mining tons of overvalued coins trying to be the next bitcoin, and when the cryptocurrency space matures and get real world usage and adoption, 99% of those coins will go from 10M-500M market cap to 0$. I mean Dogecoin is valued at 1Billion dollar right now. Complete nonsense. In the meantime, people are willing to pay us in BTC to mine those coins for them so everyone is happy.

To go back to the question. If i have to guess i'd say that it will lower slowly in 2018 and past that its basically impossible to predict but i'd say that by 2022 GPU mining almost certainly wont be a thing. By that time you can cumulate ETH and participate in the proof of stake upcoming protocol to "mine" more ETH. Or Hold NEO to receive GAS.
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vkizzle wrote:
Jan 9th, 2018 10:22 pm
An update for you.
Pretty much everything except the GPUs, will be ordered from mikescomputershop, at approximately $1500 after taxes.
6 1080ti, if I can buy all of the same type; will be around $7000-$8000.
I added up all the parts and it adds up to $1200 after taxes. What did you order differently?

Open Air MinerPark - Frame Mining Rig Case For 6 GPU - Stackable 199.99
Asus PRIME Z270-P Desktop Motherboard with 6 x PCI-E Slots (PRIME Z270-P) 179.99
Crucial 4GB DDR4 2133 Desktop Memory 64.99
Intel Skylake Pentium G4400 3.30GHz Dual-core Processor - 3MB Cache LGA 1151 86.00
Kingston SSDNow UV400 120GB 2.5" Internal Solid State Drive (SUV400S37/120G) 67.99
2x EVGA SuperNOVA 850 G3 Power Supply (220-G3-0850-X1) 387.98
Dual PSU 24pin ATX Motherboard 20+4Pin Connector Cable 30cm 14.99
*6-PACK* USB 3.0 PCI-E Powered Riser Card W/ Extender Cable 1x to 16x v.006c, 4 Solid CAPS. 90 Day Warranty 69.99

$1071.92 Subtotal
My province is 12% tax.
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Hey guys since we're on the topic of mining coins, could you please take a look at my build here https://ca.pcpartpicker.com/list/yfzXRG I'm interested in learning what is the most profitable easiest coin to mine with this build? Thank you for the answers!
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Aug 22, 2011
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bomber17 wrote:
Jan 10th, 2018 12:39 am
I added up all the parts and it adds up to $1200 after taxes. What did you order differently?

Open Air MinerPark - Frame Mining Rig Case For 6 GPU - Stackable 199.99
Asus PRIME Z270-P Desktop Motherboard with 6 x PCI-E Slots (PRIME Z270-P) 179.99
Crucial 4GB DDR4 2133 Desktop Memory 64.99
Intel Skylake Pentium G4400 3.30GHz Dual-core Processor - 3MB Cache LGA 1151 86.00
Kingston SSDNow UV400 120GB 2.5" Internal Solid State Drive (SUV400S37/120G) 67.99
2x EVGA SuperNOVA 850 G3 Power Supply (220-G3-0850-X1) 387.98
Dual PSU 24pin ATX Motherboard 20+4Pin Connector Cable 30cm 14.99
*6-PACK* USB 3.0 PCI-E Powered Riser Card W/ Extender Cable 1x to 16x v.006c, 4 Solid CAPS. 90 Day Warranty 69.99

$1071.92 Subtotal
My province is 12% tax.
I went with the Asus B250 MINING EXPERT Desktop Motherboard - Intel Chipset - Socket H4 LGA-1151 ( B250 MINING EXPERT ) at $329.99 and Windows 10 Home 64-bit at $119.99.
13% tax here in ON.
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Mattimeo wrote:
Jan 10th, 2018 12:53 am
Hey guys since we're on the topic of mining coins, could you please take a look at my build here https://ca.pcpartpicker.com/list/yfzXRG I'm interested in learning what is the most profitable easiest coin to mine with this build? Thank you for the answers!
Your GPU, based on the closest card I can find on Nicehash calculator, will generate you USD $55/month.
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Jan 10, 2017
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vkizzle wrote:
Jan 10th, 2018 6:25 am
Your GPU, based on the closest card I can find on Nicehash calculator, will generate you USD $55/month.
Mattimeo wrote:
Jan 10th, 2018 12:53 am
Hey guys since we're on the topic of mining coins, could you please take a look at my build here https://ca.pcpartpicker.com/list/yfzXRG I'm interested in learning what is the most profitable easiest coin to mine with this build? Thank you for the answers!
I would not recommend a 2GB VRAM card as it limits your options to mine since bigger difficulty coins will require larger VRAM. You can still mine but only on low difficulty coins which may not give you the most profit.
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Thanks for the info, but for what coin will that be for?
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Mattimeo wrote:
Jan 10th, 2018 3:15 pm
Thanks for the info, but for what coin will that be for?
You will be hashing whatever coin is most profitable, but in the end, you will only be paid in bitcoin, if you use Nicehash. There are other methods and places to mine that can payout in other coins, but you have to do your own research for that.

The graphics card is the main money maker, so it should be the most expensive part of your build. It's always recommended to buy the best card you can afford.
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Mattimeo wrote:
Jan 10th, 2018 3:15 pm
Thanks for the info, but for what coin will that be for?
https://www.reddit.com/r/NiceHash/comme ... h_gtx_950/

An example of what the limitations a 2GB card could do. My 750 rn is being outmined by my Ryzen 7 1700X.
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