Mining with RX 580

[peterpeterakos]

Hi guys.
I found a way and my electricity bill can be zero ,so I wanted to get into mining. I'm willing to buy 4 to 6 RX 580 (170€ in my country). Can someone suggest me a coin that would be profitable enough and what earns I can expect per month???

 

[AngelTech]

Pretty sure all the coins currently are not profitable with GPU mining atm especially bitcoin.

 

[USAFRet]

Ah, the mythical "free electricity".
Well...someone is paying for it.

Nicehash calculator says 4 x RX580 8GB can mine at a current rate of $68/month, with 'free electricity'.
https://www.nicehash.com/profitabil...a36=21;a37=13;a38=2.3;a40=39;a41=0.65;a42=0.9

4 x RX580 = $800 USD
$500 for the rest of the parts = $1300 for the system

Earning $68/month means you don't break even on the hardware until Feb 2021.
Assuming, of course, difficulty does not go up, and sale price remains stable.

Actually paying for the electricity consumed has a break even date on the hardware in 2025.

 

[Finstar]

Mining Ethereum (one of the more stable and profitable coins) you'd make around 9€ per month for every RX 580 you have.
That'd mean a ROI of around 19 months + the platform for the cards which would likely increase the ROI up to around 28-36 months... or likely never.