How Long To Pay Off Gpu Mining

If you lot’re curious to know whether GPU mining is profitable and then permit me bear witness you using the current state of what’s going on in my GPU mining operations. I volition exercise my best to be as detailed equally possible so that new investors tin can accurately speculate whether mining is a worthy investment.

The current state of affairs is rather apparent as nosotros accept been in a prolonged bear market that’s slowly settled and appears to be forming a solid lesser as far as whatsoever good trader/miner tin tell. Lots of Altcoins mining profits take diminished including Ethereum recently as the new cake reward has dropped from 3 to 2 Ethereum.

Most of my farm has been reliant on Eth mining for the ameliorate part of the two years and has done my cards well for ROI but times are irresolute and profits, as I stated, are long gone. No ones know merely yet what the returns might be if they do make up one’s mind to switch over to Prog Prisoner of war so at this indicate I managed to shut downward 24 of GPU mining rigs.

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Now I only have 4 rigs running with 1050 ti, 1060 6GB, 1070 8GB, and 1080 TI 11GB series cards just to have a full spectrum of were mining profits are at.

Instead of chasing coins on Whattomine similar an average Joe Schmoe I decide to approach things a bit dissimilar with a newer miner chosen Hash Auger. Although very like to nicehash and Cudo Miner this allows me to overclock for each algorithm on each GPU if I desire. This can be a very complex and time-consuming process to become dialed in, but I’m using overclocking software that helps detect the all-time settings across an array of algorithms.

And so basically I’m mining altcoins in exchange for Bitcoin as I feel its time to accumulate with the whales that are sneaking in the buys orders any chance they tin. My reasoning for choosing to profit switch mine over following the herd on Whattomine is that I don’t recall it’south very stable for profits at this point in the market. Then, for now, I’chiliad much more than comfortable belongings BTC over any other coin until this market finally starts another balderdash bicycle.

2019 GPU Mining Rig Profits

Before we dive in, I desire to specify that these averages I will exist using are rough estimates from random manual cheque-ins I’ve conducted over the last four days on my mining rigs. Check-Ins consists of me remote viewing my miners several times throughout the day and making a note as to what Hash Auger’s software estimates the electric current mining profits are for each rig.

I want to go a little further and say that I’1000 fully aware that at that place may be some discrepancies betwixt what the software projects and what actually ends up in my wallet. And then I volition be tracking both to encounter if there any real changes while rounding down my boilerplate estimations to what I feel is a realistic level of what to expect from each mining rig.

1050 TI 4GB eight carte du jour mining rig Profitability

Let’due south begin with the 8 GPU 1050 Ti 4GB Zotac rig running Win 10 Bone. This machine pulls on average effectually 550 to 600 total watts from the wall while profit-switch mining on Hash Auger.

After running the rig for 3 days it appears each 1050 ti carte makes .20 cents a 24-hour interval on the low end with an upside of around .40 cents. Which averages out to around .30 cents but I experience much more comfortable assuming its .25 cents just for adept measure out.

With a two dollar day average, this leaves me with a whole whopping .80 cents worth of Bitcoin after I deduct operational costs excluding the internet that I already use.

• Ability Consumption 550-600 total watts
• Daily Costs $1.20 @ 0.09 cents per kWh
• Daily Avg Mining Profits $ii.00
• The current average cost per GPU 195-220

1060 6GB mining rig Profitability

On the 1060 6GB 8 card rig, the specs are exactly the same except for the GPUs obviously. However, these rigs pulled around 600 to 800 watts total from the wall depending on the algorithm and miner.

As for the daily price to operate on my 9 cent rate they cost on average of about $1.75 a day to run. Daily mining profits with Hash Auger on the depression end have .50 cents with and avg upside of around .65 cents.

Being modest with these projections I’m going with a electric current daily average of around .55 cents a day profit-making the 1060 6GB current estimated mining profits of around $4.40 USD.

• Ability Consumption 600-800 total watts
• Daily Costs $i.75 @ 0.09 cents per kWh
• Daily Avg Mining Profits $four.40 later on elec.
• Current Avg Price Per GPU: 275-300 USD

1070 eight GB mining rig Profitability

Upwardly next is the 1070 8 GB mining rig running all the same specs again mining with Hash Auger. With 8 1070s running on this build information technology easily pulls effectually thou to 1200 watts total depending on the algorithm.

Daily Profits for each 1070 on the low end have been around .80 cents a day but this fourth dimension the upside is around $1.lx. In this example, I experience more than comfortable assuming a college daily avg profit projection of around $1.00 a day while nevertheless keeping a realistic projection.

I will mention that I noticed this rig had more check-ins in the upper ranges than on the low end so there definitely some room for potential. Nonetheless, permit’s non get too excited only nevertheless as I still have one more than rig to report.

6 X EVGA GeForce GTX 1070 GAMING

• Ability Consumption k-1200 total watts
• Daily Costs $2.xl @ 0.09 cents per kWh
• Daily Avg Mining Profits $8.00
• Electric current Avg Toll Per GPU: 475-500 USD

1080 TI GB mining rig Profitability

The 1080 Ti now that I call back of them I actually left 2 rigs running then nosotros should have some solid data to compare. These rigs are both identical with 6 ASUS eleven GB Turbos running on each build. To exist off-white one 1080 TI rig seems to perform better than the other every bit the bottom of 2 hasn’t been cleaned out in a while.

Both Rigs seem to operate betwixt thou-1200 watts total from the wall with an average daily operating cost of $2.53 per rig. As for daily profits I’ve seen these cards average on the depression end $1.00 USD a day with an upper boilerplate of around $1.seventy a 24-hour interval per card.

With these being the well-nigh prized rigs I own I tend to watch these along with the 1070s more frequently so I’m more than willing to value their daily profits at effectually $1.25 a 24-hour interval per card.

• Power Consumption thou-1200 total watts
• Daily Costs $two.53 @ 0.09 cents per kWh
• Daily Avg Mining Profits Rig Total $7.50
• Current Avg Toll Per GPU: 1200-1300 USD

How Much Does A Mining Rig Cost?

When information technology comes to the cost of building a mining rig the Graphics cards themselves make up the bulk of the cost. All the other components that make up other parts of the mining rig, their cost is minimal in comparison and rarely ever fluctuate.

That being known volition assume a apartment base cost for the residual of the components. Significant the CPU, Ram, motherboard, mining rig frame, etc, etc, volition have a flat rate of $515 USD full.

Cost Of Other Mining Rig Parts:

• Cpu $l
• Mining Rig Frame $35
• Ram  $50
• Power Supply $250
• Motherboard $seventy
• SSD $60

With a base cost of $515, we’re only left with figuring out the average cost of the graphics cards in order to calculate the estimated total toll of the mining rig. For this, I took Amazon and Newegg and began writing down all the prices I could find between the ii sources. In one case I was finished I was then able to calculate the average cost of each GPU.

I then took the estimated average toll of the GPUs and multiplied by the number of cards on each rig to give an overall estimated total of what a mining rig would price. Though I wish to remind y’all these prices are crude estimations to give you an idea, not verbal figures.

Current Estimated Cost Of A Mining Rig

As you can meet clearly the 1080 TI and 1070 rigs costs are much higher in comparing to the lower serial cards. I pointed this out to tell you that a skilful mining rig isn’t e’er about the money you spend on it as the end goal is to see things through to ROI. And so dont think yous have to spend iv to 8k just to get skillful results equally there are way ameliorate prices on some of the other cards used in mining.

Are The Mining Profits Worth It?

This really depends on what you call profits which tin vary from person to person as you may know. The 1 thing I will say is that mining cryptocurrency has been a great passive income source for some and for others, it’southward been a consummate disaster.

It is obvious, given the electric current profits and average hardware costs, that buying a mining rig might not sound similar the wisest investment conclusion to do right at present. Mining profits are inconsistent with many ups and downs and then if you don’t take the stomach for information technology then this might non be the correct investment strategy for you.

On the other paw, if you’re bullish near the whole idea of blockchain and willing to invest and piddling coin and time and so nows the fourth dimension go great deals in mining hardware. The reason its not for everyone is things can take fourth dimension to unfold every bit the crypto space has already had a few bubbles.

It is unremarkably said that these bubbles volition go along to happen as more people first to learn well-nigh blockchain and with them just might be many potential profit-taking moments for all. Every bit for me personally, I as well have had the pleasance of experiencing a few of these great moments in history and I hope to enjoy many more.

Thanks for checking out my starting time always mining profits report I looked forward to doing some more in the near time to come. I want to also permit you know that if yous establish the information here helpful or accept any questions then please drop a comment beneath.

Furthermore, it would be absurd to run into another miners report some stats below too to give further references for people to see if mining is something they wish to pursue.