Post
Topic
Board Mining (Altcoins)
Merits 7 from 1 user
First RIG - Mining with 8x GTX 1060
by
Perunex
on 19/12/2017, 10:11:57 UTC
⭐ Merited by dreamax25 (7)
Dear All,

I am now some time into crypto space (mostly trading and ICO) and I have now decided to finally buy my first RIG. The point of this thread is to make it like a project. Below are the components and profitability function I've made. I will afterwards update the thread with profitability, pics, crashes, etc. Me and my friends are planning to buy 5 identical rigs below.

I will buy 8x 1060 3GB GPUs as I've read that they are not so electricity hungry (and silent) and thus it seems like a good solution for the first rig. Local supplier has also provided me with decent prices. Here they are (for the complete rig):

Biostar TB250-BTC+ Ver:6.0                               1   117,60 €   117,60 €
Intel Celeron G3900 2.8 GHz BOX LGA1151               1   36,84 €   36,84 €
ADATA AD4U2400W4G17-S 4GB DDR4                       1   50,21 €   50,21 €
KFA2 GTX1060 OC 3GB                                       8   251,78 €   2.014,26 €
COUGAR CG-GX-S750 750W 80+ gold                       2   100,18 €   200,37 €
Riser USB 008s x1 - x16 powered 50cm               8   12,21 €   97,71 €
Mining Rack MINI 1-6x GPU                               1   24,74 €   24,74 €
Crossbars (6GPU)                                                  1   16,82 €   16,82 €
Power/reset button                                               1   5,94 €   5,94 €
ADATA AUV150-16G-RBK 16GB USB3.0               1   7,90 €   7,90 €
                                                                                 2.572,39 €

The plan is to install Ethos OS to the USB key and run the mining from there.


Below are my personal calculations of the rig profitability:

Electricity price                            0,05   €/kWh
in USD                                    0,06   $/kWh

Profitability on 18.12.2017       Revenue   Profit        (whattomine.com calculation)
Zencash (ZEN)                        $20,89     $19,85
Metaverse (ETP)                        $20,08     $19,05
LBRY (LBC)                        $19,31     $18,27
Monacoin (MONA)                $19,31     $18,27
Sibcoin (SIB)                        $19,25     $18,22
Ethereum (ETH)                        $18,84     $17,81
Zcash (ZEC)                        $18,55     $17,52
      
Average                                $19,46     $18,43
in EUR                                16,50 €     15,63 €

Days in a month                30               30
Monthly Rev/Profit            $583,84        $552,81
in EUR                                495,06 €     468,75 €

ROI                                               0,18
      
Break-even                            164,58 days
                                              5,49    months

All calculations are of course approximation, but I tried to be "pessimistic" with approximations. Currency conversions were made simply with google. I do not know how good the whattomine.com calculations are but it seems like the most reliable page.


Let me know if the project idea makes sense and if you would be interested in something like that. All advises from the community are of course very welcome.

P.S.: My apologies for the not in-line specifications and calculations. I tried to put them in line but do not know how to. I hope they are clear and readable.


B.R.,
P.