Need advices about mining rig

[Lia_owo]

Hey, I wanted to get a mining rig for my self and need some help with parts.

 

Gpus
I can buy 4 3060's TI non LHR for around 4k $ maybe a bit less
and i also have the option to buy 4 3060's TI with LHR but for 3.2ish k $
what would be more worth ?

Other then that Gpus ill need a double 1k watt as far as i know, and cpu motherboard i will get something cheap that will run a linux based mining OS because it will be mining for 24/7

Other then that is there anything anyone here thinks i should look into ?

[Brooksie359]

4k for 4 3060ti sounds so absurdly expensive. Based on just some estimates from nicehash at .1 usd per kwh you would need like 220 days to make back your initial investment and that is if everything stays constant. Long story short is that you won't be turning a profit until well over 6 months so if you are ok with that then I guess go ahead. 

[Lia_owo]

6 minutes ago, Brooksie359 said:

4k for 4 3060ti sounds so absurdly expensive. Based on just some estimates from nicehash at .1 usd per kwh you would need like 220 days to make back your initial investment and that is if everything stays constant. Long story short is that you won't be turning a profit until well over 6 months so if you are ok with that then I guess go ahead. 

its 0.15 $ per kwh here
and are you sure from what i heard its way more expensive in other counties xd thought mine is cheap

Im still pretty sure on it tho i would like it as a passive income at one point, kinda like solar pannels they bring profit only bout half a year after

[tikker]

15 minutes ago, Lia_owo said:

its 0.15 $ per kwh here
and are you sure from what i heard its way more expensive in other counties xd thought mine is cheap

Im still pretty sure on it tho i would like it as a passive income at one point, kinda like solar pannels they bring profit only bout half a year after

Sure your $0.15 per kWh is relatively cheap, but a GPU won't consume less power because it's in another country. I see a bunch of estimates from 115 W (assumed by NiceHash) to ~150 W or 200 W (TDP). Worst case scenario if you wouldn't optimise your clocks you'd be pulling 4 * 0.2 kW * 24 h = 19.2 kWh per day for four cards. That'll cost you at least $2.88, not accounting for the rest of the PC, and earn you around $13 per day (ETH) or so at the moment of writing, so that'll be about $10 per day of "profit" after electricity costs. Earning back $3200 will take you 320 days. The non-LHR variants may net you $1-1.50 more per day.

[Lia_owo]

8 minutes ago, tikker said:

Sure your $0.15 per kWh is relatively cheap, but a GPU won't consume less power because it's in another country. I see a bunch of estimates from 115 W (assumed by NiceHash) to ~150 W or 200 W (TDP). Worst case scenario if you wouldn't optimise your clocks you'd be pulling 4 * 0.2 kW * 24 h = 19.2 kWh per day for four cards. That'll cost you at least $2.88, not accounting for the rest of the PC, and earn you around $13 per day (ETH) or so at the moment of writing, so that'll be about $10 per day of "profit" after electricity costs. Earning back $3200 will take you 320 days. The non-LHR variants may net you $1-1.50 more per day.

ty, also yeah i already did calcations as well and all, my only problem i think is that houses here only support 40amper which is not enough for more then 8cards and my house to functions

[Brooksie359]

6 hours ago, Lia_owo said:

its 0.15 $ per kwh here
and are you sure from what i heard its way more expensive in other counties xd thought mine is cheap

Im still pretty sure on it tho i would like it as a passive income at one point, kinda like solar pannels they bring profit only bout half a year after

While I like the idea of a passive income I would also warn you that cryptocurrency isn't an exactly stable so your income per day will likely fluctuate and when Ethereum goes off of proof of work then you will have to mine something else which will complicate things. This is not even mentioning the fact that once more powerful gpu come out then profitability will likely go down. All of that being said you can always resell the cards later to get some money back if it does become unprofitable 

[Lia_owo]

18 hours ago, Brooksie359 said:

While I like the idea of a passive income I would also warn you that cryptocurrency isn't an exactly stable so your income per day will likely fluctuate and when Ethereum goes off of proof of work then you will have to mine something else which will complicate things. This is not even mentioning the fact that once more powerful gpu come out then profitability will likely go down. All of that being said you can always resell the cards later to get some money back if it does become unprofitable 

i can also always switch coins, ill probly do a payout every 4 months as well to avoid having too much ETH. In case ETH does drop completely due to any reason im sure another coin will replace it, there is too much money invested into gpus and mining in general