My Experience with GPU mining

in mining •  7 years ago 

So I decided to give GPU mining a shot after Burstcoin was taken over by the botnet and all the attacks that started earlier this year. I sold off all my Burstcoin and 53TB worth of hard drives and bought 5 Nvidia GTX 1060 (to start off with)

Here's a picture of how I decided to build the rig and links to the parts I used.
(Rig is in the basement)

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The rig is drawing between 680 to 720watts of power costing around $30.00 a month

(MotherBoard) https://www.amazon.com/gp/product/B01MDLLQK5/ref=oh_aui_detailpage_o03_s00?ie=UTF8&psc=1

(Intel CPU) https://www.amazon.com/gp/product/B00J2LIE9C/ref=oh_aui_detailpage_o01_s00?ie=UTF8&psc=1

(Hyper X 8GB) https://www.amazon.com/gp/product/B00J8E8ZMY/ref=oh_aui_detailpage_o02_s00?ie=UTF8&th=1

(1000Watt PSU) https://www.amazon.com/gp/product/B015YEI7LK/ref=oh_aui_detailpage_o01_s02?ie=UTF8&psc=1

(6 PCI-E Riser) https://www.amazon.com/gp/product/B073FF856C/ref=oh_aui_detailpage_o04_s00?ie=UTF8&psc=1

(Power Meter) https://www.amazon.com/gp/product/B071XV4QH1/ref=oh_aui_detailpage_o01_s00?ie=UTF8&psc=1

(Wired Shelf) https://www.amazon.com/gp/product/B004BDP692/ref=oh_aui_detailpage_o07_s00?ie=UTF8&psc=1

(900Watt Battery Backup) https://www.amazon.com/gp/product/B000FBK3QK/ref=oh_aui_detailpage_o01_s01?ie=UTF8&psc=1 (Actually lowers power costs)

(GPU) x3 EVGA GeForce GTX 1060 6GB FTW+ GAMING (Purchased on Amazon)
(GPU) x1 GIGABYTE GeForce GTX 1060 6GB (Purchased on Newegg.com w/ bitcoin)
(GPU) x1 MSI GeForce GTX 1060 GAMING X 6G 6GB (Purchased on Newegg.com w/ bitcoin)

Now lets get into the numbers for ROI and 5 Nvidia GTX 1060s running on nicehash.

payout.png

Each card is earning around $10 a week / $50 a month
$50 a month X 5 Cards = $250 a month
Return on Investment (ROI): Each card cost $300 and below, if the rig is making $250 a month the cards will be paid off in 6 months

with the rise of bitcoin recently ROI is actually becoming lower and lower

Any questions or something I should improve on please let me know.

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Great article! I make about the same off my GPU at the moment. I wish I'd gone ahead and purchased 5 cards when I got my new PC. Then again, I wish I'd purchased 10,000 Bitcoin at the beginning! :D

Thanks, yeah bitcoin is on a roll! Ill probably be starting a 1080 build the end of this month, maybe ill do a build video. Oh and purchasing the last 1060 for the rig to finish it off.

Great post, I am interested in mining too, I also want to build a rig of my own. Thank you for sharing. :)

No thanks, do not have the budget right now. :)

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Sweet! Good luck out there have fun! :)

Why nothing about software?

Nothing unique, just windows 10 and nicehash's mining software

Why not ethminer if u got 1060?

I also run other things on the rig like earn.gg and Storj Share and Windows is easier just to get things running, but I do have a copy of ethOS on a thumb drive ready for the next rig.

I meant ethminer not ethos, ethminer is a software to mine just like claymore or nicehash only without fee.