Mining advise

[westly]

Budget (including currency): 1000$

Country: US

Games, programs or workloads that it will be used for: Mining

I wanted to start mining either ethereum or Bitcoin. Im trying to find a budget graphic card, I wanted the rx 580 or the 1660, I need a rig which I have no idea how to build or what to buy(pre built). I think 5 cards would be a good start. I know crypto’s kinda down but I still want to try it out. What’s your guy’s thoughts? So really what card is bang for buck and I need a rig idea. 

[tikker]

Bitcoin isn't mined with GPUs and Ethereum mining is dead since it switched away from mining.

[-rascal-]

Bitcoin mining with GPUs -- like 4 ~ 5 years too late.

Ethereum mining -- recent Ethereum 'merge' killed mining off.

[PDifolco]

Really late to the party, it's over...

You can still mine Ethereum Classic with a GPU but you won't earn sh#t

[Eigenvektor]

Mining any virtual asset isn't profitable, as long as you use (and thus pay for) more electricity than their coins are worth once converted to currency you can actually use to buy stuff (or pay for the electricity you used to mine it)

 

Mining Bitcoin has increased to a difficulty level where mining it on a GPU is never profitable. You need specialized hardware that's somewhere above $10k to buy.

Ethereum switched to Proof of Stake (PoS) and thus can no longer be mined. Pretty much any other coin left to mine isn't worth enough to make mining profitable.

 

In addition, mining is a race. Unless you have the performance to mine a coin faster than your "competitors" you'll virtually never mine a single coin. This means someone with a single GPU can really only mine anything by joining a mining pool which then splits the earnings among all miners participating in the pool. This further decreases profitability.