QUOTE(ff56k2 @ Jul 14 2017, 06:20 PM)
Hi All, I'm a mining noob. I just wanted to check your opinion before I jump onto the mining ship. Was planning to build a 6 gpu rig, either GTX 1070 or 1060, to mine ether or zcash. From what I see, ether is now very hard, but would there be any big risk just mining zcash for consistent money?
I'm afraid if my train of thought is too simple as I see a lot of people selling off their mining rigs. Will mining consistently be profitable? (Although amount of profit goes up and down)
Thank you so much for the advice.
If you are a new, I suggest you stay away from actual mining now its a bad time to get it, if it was 3-4 months ago, then go ahead. now is not a good time to buy eth mining rig, first of all the hardware are extreamly expensive now, POS, difficulty bomb, current weak ETH price but that should be temp. there is no more 3month roi
zcash is not good on 1060, 1070 and 1080ti yes if you can get it at reasonable price, other coins tho not sure, Im actually in the mids researching on mining other coins to hedge my bets.
it took me a very long time to get my 2nd rig done, you need very good PC trouble shooting skills.
Basically took me 2 days to figure out i had multiple issues with pci usb risers and not software, took another day to test each individual PCI/mobo, and full pci/gpu, there are lots of shit quality ones out there now, as high demand low quality.
Once I determine the defective ones, about 1/3 was not usable, 1/3 was ok but had stability issues, lucky I had ordered much more then I needed.
My first batch of riser work 7 out of 7 perfectly. 2nd batch form different supplier was horrible.
If all your hardware is fine and plugged in, it just takes 2-3 hours each PC to setup the software from to finish (flash mobo, install os, updates, miner, driver, etc... start mining.)
another option is do LTC mining using L3+ buy from bitmain.com. I got 2 on its way. its currently more profitable on that, but its noisy as hell. should be much simpler to setup then gpu rig.
Else suggest you better head do cloud mining instead, Im on the LTC plans as well and its also the most profitable one now for cloud mining
https://www.hashnest.com/ (they are actually bitmain.com)
https://forum.lowyat.net/topic/4345064there are people there that can help you, lots have join already, just do yourself a favour and dont say i send you there, im the black sheep there.
By the way where are you seeing people selling their mining rigs?
price of 1060 is still way over price, same as 1070.