Welcome to another edition of Cryptocurrency Mining for Dummies!
Battle of the GPUs
Today I will be doing a cost/performance comparison of the MSI GeForce GTX 1080 Ti Gaming X GPU verses the EVGA GeForce GTX 1060 Superclocked GPU. While the 1080Ti outperforms the 1060 significantly, it also has a much higher price tag. So today we will analyze which card would be better for a small mining rig build at a cost of about $1200.
Checking on Newegg.com, the regular price for the 1080 Ti is $790 and $260 for the 1060. So I could get 3 of the 1060 GPUs for the same price as 1 1080 Ti GPU with $10 left over. The extra $10 will go toward the cost of risers to support the additional 1060 GPUs.
Performance Test
I have previously listed the performance tests run on the EVGA GeForce GTX 1060 Superclocked GPU in this post. So all that remains is to run the MSI GeForce GTX 1080 Ti Gaming X GPU through the same tests using the same mining software. Let's begin.
First I tested Equihash
then Cryptonight
followed by Neoscrypt
Lyra2REv2
LBRY
Bitcore
and Keccak.
These are the algorithms I mine most of the time and will give me an idea of the actual profit each card is capable of producing.
The table below shows the actual hashrates of the two cards and the percent advantage the EVGA Superclocked card had over the MSI 1060.
Algorithm | 1060 x3 | 1080 Ti | Winner | % Difference |
---|---|---|---|---|
Equihash | 870 | 720 | 1060 | 20.8% |
Cryptonight | 1305 | 761 | 1060 | 71.5% |
Neoscrypt | 1887 | 1440 | 1060 | 31% |
Lyra2REv2 | 66 | 63 | 1060 | 4.8% |
LBRY | 525 | 491 | 1060 | 6.9% |
Bitcore | 31.2 | 26.4 | 1060 | 18.2% |
Keccak | 1359 | 1319 | 1060 | 3% |
As you can see, 3 Superclocked 1060 GPUs outperform a single 1080 Ti Gaming X GPU in every algorithm. Although Lyra2REv2, LBRY and Keccak algorithms were so small a difference that the 1080 Ti should be declared the winner when the cost of electricity is factored in.
However, mining the other three algorithms, Neoscrypt, Equihash and Cryptonight, can produce significant profits with 3 1060 GPUs verses a single 1080 Ti depending on which coins are most profitable. Currently, the three 1060s outperform the 1080 Ti by just over $3 a day when mining Neoscrypt.
In Conclusion
Since the only real added cost between building the two mining rigs is the need for a more expensive motherboard to handle the additional 1060 GPUs. These figures should scale fairly well. You can easily add a second 1080 Ti or 3 additional 1060 GPUs to a small rig if you have planned ahead and purchased a motherboard and power supply that can support the additional cards.
So, how much money would our $1200 small mining rig generate? Well right now, mining Trezorcoin, a Neoscrypt based crypto, should generate about $12.97 daily profit. This would see a return on investment of about 93 days.
Until next time...
Ok.. so quick question because ive looked into rigs b4... i havent done it yet because i am afraid of the cost / overhead not being worth what the machine is actually mining per month.. what is your take on this???
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Good question and a tricky one to answer. Right now, it's definitely worth the investment, crypto prices are high and mining capacity hasn't caught up yet. Right now GPUs are in short supply so that helps keep profits up. Eventually mining capacity will catch up and profits will drop. But if your in it for the long term, it should pay off with a little luck and if crypto prices stay strong.
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Thanks... I just don't want a high electric bill lol
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Well, a single GTX 1060 GPU will use about $0.26 a day in electricity, depending on your local rate.
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upvoted...excellent! AND THANKYOU for your support...
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Thank you! I appreciate your support too.
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If I understand this correctly, I can invest 1200 dollars in a small mining rig and in 3 months it will be paid off and I will be making about 13 bucks a day profit? That's over 300 percent profit a year. Where do I sign up?
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Well, I go to newegg.com to get most of my computer parts. You should be able to put together a rig there for about $1200.
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interesting analysis thanks for sharing this
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Your welcome.
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thanks for making a post in this series learning something everything from you
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Thanks, I'm glad you found it useful!
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time to get the initial investment back :)
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Always good once you pay off your rig, then it's pure profit from then on. Or maybe time to invest in a bigger, better rig ;)
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these are good as with time they will rise and the profit will be much good till that time
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Good point, there are two schools of thought on selling your mined coins, first is sell as you get them so you know what your making. Second is hodl them and try to time the sells to market highs. Much riskier, but the rewards can be much higher, especially when the crypto market is up like now.
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Thanks for the info
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i think its a grate information.... and i waiting for your next post
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in mininig process GPU has the great effect on hash rate, i like to the comparison between them.
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