update on my mining rig ( the rx580 deal from last year)

11
Found 23rd Jan
Just to update on the post from last year about the pre order deal on GPU from amazon and the prices I ended up paying. For people who dont know, I`m on about the post
post here

I ended up paying £642 for 6 brand new 8gb pulse rx580 from amazon and they were all shipped mid November and came to my 5 mates and I addresses.

Yes £107 each card plus £20 to a few mates as a drink for ordering for me.

2882089-aom0s.jpg
This is the rig now. Bios modded and making from £14-£17 a day if i use nicehash for coins to bitcoin ( as bitcoin £4k down) or about £13 a day on eth

ideally will just mine for coins, as soon as i get a wallet.
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Now that is sexy but will it play Sonic from the Sega Megadrive on medium to high settings?
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How much electricity does it use per day?
Now that is sexy but will it play Sonic from the Sega Megadrive on medium to high settings?
Bobbajob46 m ago

How much electricity does it use per day?


20 so running at a loss
the world has gone total potato !
Wow that was cheap man

I'm looking for some cards around that price as well but it's expensive

I'm just holding coins instead unless I find a cheap deal for graphic cards

Keep an eye on the rigs temperature and how many PSU did you add?
Edited by: "MrMan2011" 24th Jan
You can spend some of that cash on this

33136205-L7TY5.jpg

serious question though, how long do you earn that £16av a day? Doesn't it get more difficult the more you mine, and thus require more powerful hardware.. also ive heard that GPU, CPU mining etc is now redundant and that ASIC mining is the way forward..

What about the massive amounts of electric you using, does it bother you that you are contributing to what seems to be a pretty serious issue over climate or the fact your earning £16av a day mean you don't care? I did some calculations and your paying an average of £125 a month for this rig in electric..

so based on your electric costs and the cost of purchase, so far you've spent, £874.00 and if you have been mining 24/7 since mid November that is revenue of £950

so far you've made a net profit of £76.00.. not very impressive to be fair, esp as electric costs will increase year on year and mining profit will decrease year on year..

also I haven't taken into account the other costs of building this and i did round down the wattage of the RX580's and use a lowest possible pence per kWh
Edited by: "Ninjesus" 25th Jan
If only we all had 50c's luck...
bbc.co.uk/new…246

He was declared bankrupt last year so perhaps we don't want his luck.

I'm sure he will be off to da club to celebrate.
haritori2 h, 22 m ago

so far you've made a net profit of £76.00.. not very impressive to be …so far you've made a net profit of £76.00.. not very impressive to be fair, esp as electric costs will increase year on year and mining profit will decrease year on year..also I haven't taken into account the other costs of building this and i did round down the wattage of the RX580's and use a lowest possible pence per kWh


You have to take into account that he still owns the six cards which currently sell for 350 a piece.
Pitch^^43 m ago

You have to take into account that he still owns the six cards which …You have to take into account that he still owns the six cards which currently sell for 350 a piece.


See I wouldnt because there is only a few outcomes for the cards.

1. They burn out.. value nothing
2. He sells them and makes some profit but no longer is mining.
3. The value of mining drops significantly and is no longer worth the value of the cards will not be £350.00 at that point as the market will be saturated with used mining cards.
Edited by: "Ninjesus" 25th Jan
scuum like you put prices of cards up
timmyboy1479 m ago

You didn’t factor in if bitcoin goes x10 on currency prices hence he’d be m …You didn’t factor in if bitcoin goes x10 on currency prices hence he’d be making More money


You been watching bitcoin recently, its crashing right now, so if anything he is losing money..
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