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Anyone built a crypto mining rig?

Posted on 12/1/23 at 5:32 pm
Posted by yankeeundercover
Buffalo, NY
Member since Jan 2010
36373 posts
Posted on 12/1/23 at 5:32 pm
Like, barebones rigs with only mining software that you just basically “set it and forget it”?

Found some links and videos for “The $500 mining rig” with a piecemealed together using different used marketplaces.

I’m sure it’s a “pay to play” system where a $500 rig could only get you so far whereas a $1500-2000 rig could do more.

Just wondering who’s passively mining crypto up in here..? If so, how are you doing it?
Posted by LSUnation78
Northshore
Member since Aug 2012
12070 posts
Posted on 12/1/23 at 6:09 pm to
Yes.

Use Hive OS, highly recommend for the os on your system.

In terms of hardware I would suggest doing a bit of research. Determine what algo you plan on mining with the rig. There are some wevsites with calculators that let you get an idea of what you can expect hash rate wise for different cards.


Ultimately what you want to do is min/max your cost per hashes on planned algo. So yes, you could run 8 3090 TI’s… but does the extra price for card and additional power consumption justify the bump in gross hashrate.


You can go second hand for everything thats not the gpu’s.



Unless you’re looking at the rare cpu based algo, if you go that route make sure the cpu has an integrated gpu.
This post was edited on 12/1/23 at 6:11 pm
Posted by LEASTBAY
Member since Aug 2007
14290 posts
Posted on 12/1/23 at 10:14 pm to
I used to build and run ethereum miners. Haven't really kept up with what's going on now. They would generate a shite ton of heat but I made a lot off of them. Even had a portable one I would bring to work every day and plug into power and a network port in a back room.
Posted by TN Tygah
Member since Nov 2023
1867 posts
Posted on 12/2/23 at 10:55 am to
NOOOO. Don’t do it. First off, $500, $1500, $2000, won’t get you anything. There are guys who say you can mine for $100, that’s true. You could technically mine right now on your computer, it’ll just be really slow.

It is REALLY FUN to build and that first time you mine something is a great feeling. Ultimately though you have to spend SO MUCH money just to make a little bit and you have to sustain it and can’t just “set and forget” the way you think. If you leave town you’ll want to monitor it with remote PC or something, etc. Power outage while you’re at work? Internet cut out for a brief second? Have to restart. 6 months later your graphics cards won’t be the nicest ones on the market and you’ll have to upgrade to keep up.

Here’s what I did. I made the frame myself, bought a $300 power supply, $100 motherboard, $50 hard drive, monitor, keyboard, mouse, and $20 WiFi receiver. The big expense is the graphics cards which do the mining. I had the nicest cards at the time, 1080TI’s, they were all between $750-$1000 each. It was popular at the time and they were always sold out so the prices gouged a little bit but those models were never on sale for less than $600.

There’s (or was) a website called “what to mine” that tells you what coins are the most bang for your buck (worth the most in ETH or BTC) that you can choose to mine. It was almost never ETH (the most profitable mining coin would change constantly), so you would mine the alt coins and convert them to ETH because alt coins can drop to zero in 5 seconds. The BEST day I ever had, I got $7 from each GPU. Eventually the excitement wore off and I got tired of converting them every few days (sometimes every day) or dealing with my internet randomly hiccuping when I was out, then I have to restart the computer when I get home and realize it hasn’t been mining all day… etc.

In the end, I was moving from L.A. and ending up selling my GPU’s, no one cared about the motherboard/powersupply etc. and since I bought them during a price gouge and since the new models had come out, I lost about $2k. It was really really fun in the beginning though, so I considered it worth it. But as a money thing it’s not worth it.
This post was edited on 12/2/23 at 10:57 am
Posted by TigerRagAndrew
Check my style out
Member since Aug 2004
7217 posts
Posted on 12/4/23 at 12:50 pm to
10 years ago I built 12 rigs running AMD cards. We mined 13 BTC in six months using a mining pool called middlecoin.com.
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