Mining Rig tips

[Ryzen 2600X]

Looking to build a mining rig, will 2 RX 580s work?

Advice appreciated, thanks.

[Crunchy Dragon]

Those would work, but I would not advise mining.

 

I say that from a financial standpoint, not a triggered PC enthusiast.

Mining doesn't make sense financially anymore, which is why it died off.

[Ryzen 2600X]

2 minutes ago, Crunchy Dragon said:

Those would work, but I would not advise mining.

 

I say that from a financial standpoint, not a triggered PC enthusiast.

Mining doesn't make sense financially anymore, which is why it died off.

Thanks, could I use a normal pc to mine? Or do I need a special mobo? 

[Crunchy Dragon]

1 minute ago, masterRACE said:

Thanks, could I use a normal pc to mine? Or do I need a special mobo? 

You could use a normal PC, as long as your parts don't draw too much power.

 

Most mining boards are only special in that they support 10+ GPUs.

[Ryzen 2600X]

1 minute ago, Crunchy Dragon said:

You could use a normal PC, as long as your parts don't draw too much power.

 

Most mining boards are only special in that they support 10+ GPUs.

Okay, I would only use 2 RX580s. Do you know what sort of CPU I could use? I've seen people use Celeron's, is that viable?

[knightslugger]

You could certainly use what you have to mine.

 

But it's cheaper to just buy the crypto. you will burn more money paying for the electricity than you would get in return crypto rewards. This is why I'm selling my 1070's. It is simply more efficient to just pay an exchange. 

[Crunchy Dragon]

1 minute ago, masterRACE said:

Okay, I would only use 2 RX580s. Do you know what sort of CPU I could use? I've seen people use Celeron's, is that viable?

Yes, and actually recommended since Celerons have lower power usage.

 

But I strongly agree with @knightslugger

[Ryzen 2600X]

Just now, knightslugger said:

You could certainly use what you have to mine.

 

But it's cheaper to just buy the crypto. you will burn more money paying for the electricity than you would get in return crypto rewards. This is why I'm selling my 1070's. It is simply more efficient to just pay an exchange. 

Yeah, what if I don't have to pay for electricity? Is it still profitable?

What I mean is I don't have a power bill.

[knightslugger]

7 minutes ago, masterRACE said:

Yeah, what if I don't have to pay for electricity? Is it still profitable?

What I mean is I don't have a power bill.

With a pair of 580's well tuned, SOMEONE is spending about $15-$20/month on power, while you get about $30/month in reward **IF** the value of that crypto doesn't go down. And then to get that back to USD so you can spend it on milkshakes, you have to go through an exchange, where fees are involved. Transfer fees, commission, etc. on a $30/mo transaction, you'll probably make out about $28/mo or so.

 

half that if you have to pay for your own electricity.

 

It is so not worth it. the noise alone should be enough to deter you.

[Turtle Rig]

If you insist on mining build a cheap mining rig and do it.  Quality parts don't deserve the stress your putting on them.

[knightslugger]

29 minutes ago, Turtle Rig said:

Quality parts don't deserve the stress your putting on them.

 

Probably the laughable-ist thing I've read all day.

[Turtle Rig]

Your probably right knightslugger...... my bad.  I don't know much about mining except it taxes the heck out of your rig.  I wouldn't want my precious rig running like that 24/7 for days and days on end.  But that is just me. Your right you can get away with it of course, it's just IMO not a fact.  Sorry if it sounded stupid.

[knightslugger]

8 minutes ago, Turtle Rig said:

I don't know much about mining except it taxes the heck out of your rig.

it really doesn't. less so than gaming for the same amount of time, and fewer heat cycles.

[Turtle Rig]

I didn't know this. Never been a miner so ya thanks for the info.

[Ryzen 2600X]

15 hours ago, knightslugger said:

With a pair of 580's well tuned, SOMEONE is spending about $15-$20/month on power, while you get about $30/month in reward **IF** the value of that crypto doesn't go down. And then to get that back to USD so you can spend it on milkshakes, you have to go through an exchange, where fees are involved. Transfer fees, commission, etc. on a $30/mo transaction, you'll probably make out about $28/mo or so.

 

half that if you have to pay for your own electricity.

 

It is so not worth it. the noise alone should be enough to deter you.

Hmm, interesting. I just really want one to hodl crypto, such as privacy coins. BTC transfer fee's are crazy, BCH is better. Thanks!

[knightslugger]

1 hour ago, masterRACE said:

Hmm, interesting. I just really want one to hodl crypto, such as privacy coins. BTC transfer fee's are crazy, BCH is better. Thanks!

Well I'd personally buy them over mining for them. The only people who benefit are the electric companies. I don't know why you don't pay for electricity, but someone if getting shafted.