First Mining Rig Part List

[Tophy_]

I threw together a part list for my first ethereum mining rig. I'd be using Windows 10 for this system. Any suggestions would be appreciated. https://pcpartpicker.com/list/GNLtGf

 

[Barty1884]

From a mining perspective, 1060's really don't have very good performance.

On top of that, you really have to be somewhere with either free (solar etc) or very cheap electricity for it to be viable.

895W max load x 24 hours a day =21480 W /day
x365 = 7,840,200 W annually
/1000 = 7,840 kWh annually.

Given the average US kWh cost ($0.10 - $0.20) you'd be paying somewhere between $784-$1,568 annually for electricity.
That's $65-$130 monthly.

1x 1060 is estimated to take approx 900 days for one "block"
so with 6, you'd cut that to approx 150 days or 5 months.

One "block" = approx $300 today
Those 5 months would cost you somewhere in the range of $325-$650 for electricity.

Assuming prices stay similar, and difficulty doesn't increase..... you'd be paying for the privilege of mining?


If your electricity is free, sure..... but you'd still be looking at approx 36 months to just pay for the equipment you bought (again, assuming difficulty and price doesn't change). $300 / 5 months = $65 a month. $2,200 / $65 a month = 36 months (approx).


My suggestion would be; don't.

 

[boosted1g]

Simple mentality on anything as an "investment"

If it has gone mainstream and everyone has already jumped on the bandwagon then there is little or no money to be made.
They did not tell the masses to buy Amazon when it was worthless, it was already after it jumped 20x.
They (news/tv commercials) did not tell you to buy gold when the prices where rising, they told people to buy gold when the price hit near its max; that way they could sell their gold at top dollar to the suckers trying to buy in too late.