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Building a Crypto Mining Rig


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Building a Crypto Mining Rig

  #41 (permalink)
 
Silver Dragon's Avatar
 Silver Dragon 
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Hey all, wanted to give a quick update: With my current setup of 2 cards I am getting a payout in approx. 2 weeks. Last payout was $221. Total payout has been approx. $445. I have reinvested the money into RVN, Matic, XLM, ADA and NU. Received free shares of COMP, CGLD, UMA and GRT through the Coinbase rewards program. Currently up 14% on all investments.

Pondering the question: should I save up the payouts and purchase another video card at scalper prices

Edit: Life has been crazy busy. Easter, family, weddings, work etc. I have the materials to build a open air rig but have not had time to do it. Hopefully I will have time over the next couple of weeks.

Robert

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  #42 (permalink)
 
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If your interested in earning BTC instead of ETH, you can mine NiceHash using HiveOS. NiceHash automatically converts whatever you mine to BTC. The video below walks you through it. I have tested it and it works.

Robert


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  #43 (permalink)
 
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DavidHP View Post
Thanks for the update.
I looked at a few videos about ASIC and it seems they do well but are limited to one coin and are a very expensive investment for hardware.

I may try to set up a GPU miner just for fun but from what @sam028 posted, it seems like it may not make enough $ to be worth it.

I'm about to start construction on a new place on the Carribean and I've been checking into using thermal cooling in the house. I wonder if that could be adapted to cooling a mining rig?
It seems like that would be possible but I've never seen anything like that.


@DavidHP

House in the Caribbean! Nice!!! If I may ask, where are you building at? I had family who live St Croix. Loved it down there!

Its a interesting thought on the cooling. I would think you could. I have my rig in my basement with bare floors and bare walls so its very cool down there. You really cant even tell its running other than the noise. In the event I get more video cards where heat will be more of an issue, I have thought about putting duct work along the wall, 3 sides being metal with the 4th side being the wall, and then drawing air along the wall so it naturally cooled by the bare walls. Then have a exhaust above the rig to pull the hot air out the dryer vent hole. Not sure I will ever get there, but have it sketched out just in case.

Robert

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  #44 (permalink)
 
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 Silver Dragon 
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GruttePier View Post
Well done! I'm jealous, I want this card too

Good luck with building the rig, it's fun to do.
Are you going to run HiveOS on it?
It's very easy to set it up and get it to mine.

@GruttePier

I am currently using HiveOS and love it. Very easy to use. I wish they had more frequent payouts or I had more vid cards! Either one would work.

Robert

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  #45 (permalink)
 
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 DavidHP 
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Silver Dragon View Post
@DavidHP

House in the Caribbean! Nice!!! If I may ask, where are you building at? I had family who live St Croix. Loved it down there!

Its a interesting thought on the cooling. I would think you could. I have my rig in my basement with bare floors and bare walls so its very cool down there. You really cant even tell its running other than the noise. In the event I get more video cards where heat will be more of an issue, I have thought about putting duct work along the wall, 3 sides being metal with the 4th side being the wall, and then drawing air along the wall so it naturally cooled by the bare walls. Then have a exhaust above the rig to pull the hot air out the dryer vent hole. Not sure I will ever get there, but have it sketched out just in case.

Robert

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  #46 (permalink)
 
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Interesting link. Same seller also has this.
https://www.ebay.com/itm/14-3060ti-Mining-Rig-840-Mh-NEW/254938621511

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  #47 (permalink)
 
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SMCJB View Post

I guess if you want a ready to go rig it’s not terribly overpriced. It would take 8 to 10 months to break even. If you take going price of the 3060 ti on eBay plus other parts you could build it yourself for around 21k to 22k. If you could get the cards at retail (ha ha) then subtract 8k to 10k.

Robert

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  #48 (permalink)
 
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 Silver Dragon 
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I was searching for a regular computer for another project tonight on Best Buy and came across one with a RTX 3070 in stock. Jumped all over it. On Ebay these RTX 3070 goes for $1500. Now I have the computer for my other project plus a new graphics card for my mining rig. As a bonus I got a 10% discount for my Birthday!!


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  #49 (permalink)
 
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Finally found time to build my rig.

Robert


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  #50 (permalink)
 
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Hey guys,

Now that Ethereum is over 3,000, are you holding more ETH or continuing to sell and buying other coins?

Robert

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