Re: I'm looking to spend $40,000 on mining rigs. Any suggestions?

I'm looking to get into mining. I already have one rig and it is performing decently, but I feel I need more.

I heard ETH's mining difficulty is getting harder and some people are switching over to mining Zcash instead. I'm currently running 6x RX 480's dual mining ETH/SC.

I want to build another 2-3 mining rigs, and want to make sure whatever I build will not decrease in performance mid->longterm. Would it be wise to build an Nvidia rig and mine alternative coins (other than ETH-based currencies) instead of building more AMD rigs?

Hi . In my opinion , if I had $40,000 , I would like trading them on buying/selling eth and anothers cryptocurrencies , I saw a documentary on a website and they told the Ethereum coin won't mine anymore , and I think the price for 1 eth will go less than 200 usd
But you have lots of coins for mining and if you really really want to invest in mining do it

By the way , nvidia will release a new video card specially for mining with 24mh/s , low price and low power usage , is named gp106-100 , you should wait for it

, but the stupid thing is that this video card has just 1 year warranty

and if you want to re-sell it will be hard , because I prefer to buy a normal video card and selling it to a gamer or another person , but if you buy this video card will be hard to re-sell them

Happy mining !

Actually the warranty is rumored to be only 90 days on these new cards, not sure where you heard 1 year.

As for ETH, it will switch to Proof of Stake, which is just another form of mining. Basically if you own a lot of eth, you can stake it in exchange of mining work. It's a very simplified view of things.

Myself if i had 40K to spend on mining equipement, i'd still do it now. There are other coins you can mine and make a profit out of, and having 40k of mining hardware will give you a nice edge over other miners.

That said, i'd go for 570/580s with 8gb of ram and mix it up with some nvidia gpus (those made for mining). I would also fo only 8 gpu rigs instead of 6 to lower the cost and wattage.

pray tell where do u propose the op finds 570 or 580s ??! they are not for sale anywhere, 1070 on the otherhand you can find in local stores or amazon

Preorder?

Also don't half read my post man, i said to mix it up with some nvidia. Just going all nvidia 1070 isn't the smart choice.

This whole gpu shortage isn't going to last forever. A 1070 costs double the price of an RX, which means you'll also have less hashrate since you'll be able to buy less gpus.