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.
Hi Leon, Thanks a lot for the advice. Personally I don't like the idea of using ASICs because I don't want to be tied to a particular coin, that coin die means I die. Also by buying a GPU rig, if I mess up, worst case I can at least sell the GPUs so all is not lost. About people selling their rigs, mostly people in US liquidating their rigs to buy coins as the difficulty increases and ice age coming. Because of POS, Ether is probably only a short term thing. I know currently is the "bad" phase of mining, so was planning to wait for some cheap 1070 cards to pop up as a result.
Can you consistently make enough money mining to replace a full time job? To ang moh it might not look like much, but was estimating 6 x 1070 rig can net you like RM1.5k a month? So if I have 4 of these rigs it could potentially sustain me? I know it's not a get rich quick thing, but 11 or 12 months ROI in business is considered pretty decent already. It feels too good to be true though, so I'm thinking, where is the loophole?
Thanks a lot for your time.
Jul 14 2017, 06:20 PM
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