Okay, so, I was going to build a rig, but as all of you know easier said than done as the cards are always sold out or over MSRP. I know there are some hardware watching services to catch cards when they’re in stock and I’m going to check those out once I figure out the names of them again. Without getting too much into detail it’s really critical that I pull this off. I understand that nothing is certain, but mining seems the most certain of the different avenues I’ve considered. I’m handy with IT and other tools. Having some passive income coming in is going to literally transform my life for the better as it will allow me to focus on getting my OSCP certification among other even more important personal things. Any solid advice put here is going to directly translate to transforming my life for the better. I’ve done a lot of reading, but nothing makes up for the experience of people in the trenches of the field.
I think GPU is still the most efficient, but I could very well be wrong. I’m open to any suggestions of smart uses for the budget that involve mining. I’d maybe be interested in hearing other ideas crypto-related passive-income streams, but mining is what I’ve been reading about most.
Thank you!!
Consider if you could earn more by buying coin to hodl over the space of the year or so your looking at for ROI at present prices and coin valus go up as well as down we have all mined at a loss for a time during bear season... Could your finances take such a hit to sustain the rig during a dip that might put your operating costs above the profit threshold? It might not happen but think hard about it or you may have to shutdown operations and have flashy $5k doorstop.
If i was going to spend $5k on a new rig today then i would secure the GPU's first and then get what PSU and MOBO to suit it possibly with future expansion in mind if i have budget left after getting GPU's. Today you might get 3 x RX6800XT new for this budget including warranty giving 64Mh each so ~192Mh and a single 1000W psu and basic consumer mobo will support that no probs tho might need a pci-e splitter for the main slot depending on chipset and cpu choice. Add an extra PSU and you can expand later if mobo supports more GPU.
Theres very little Nvidea stock about so it would be second hand for that which would be brave as no warranty.
NVIDIA costs a lot compared to AMD Radeon, I'm not sure how good they are though. I was advised to at least buy a 1200W power supply if I was to gradually add more cards to the rig. I'm guessing OP also wants that too. The problem is making these cards last even for a year alone. How do you take care of cards?
I'm just curious how much electricity should a wind turbine produce to start with just one card at first?