My Cryptocurrency Mining Journey

[Deleted member 283687]

Hi guys, i have been cloud mining cryptonote coins for 1 year ,now i have decided to buy gpus to build my own rig and start mining cryptonote coins (mainly i want to mine monero ,electroneum) next option is to mine ethereum,posting this as a journey to keep me motivated,another reason is when i started building the rig only realised it's not a easy task to troubleshoot (Im newbie to hardware),i have went through lot of issues and how i fixed it im posting that too hope somebody will find it useful

Things i have done so far

-Bought Gigabyte Rx vega 64 x1
-Gigabyte Rx vega 56 x 3
-Corsair 1 kva psu,one more corsair 450 psu
-Biostar TB 250 pro (6 slots)motherboard +Asus B 250 mining expert
-A Data 120 GB SSD ,Western Digital SSD
-A Data 8 GB DDR 4 RAM
-G 4400 skylake processor
-Dell 17 inch monitor
-TP link wireless Adapter

I have bought this 3 weeks before ,since i'm a newbie when it comes to hardware as i said i could not check things properly i have bought a biostar TB 250 pro motherboard which i have assembled ,it worked for 3 days only after that it was not even starting so i have sent it for warranty claim and bought Asus B 250 mining expert ,and tried to use other components A data ssd not working ,bought a new western digital SSD

Lesson learned so far : Don't buy electronic things online (In india) i have to go to another city to submit the motherboard and still waiting for their response ,if i would have purchased that in shop i could have submitted in shop itself

Total cost so far :3,20000 INR Around $5000
Profit so far :$0

Will keep you guys updated

 

[TrexSEO]

wow, Best of luck.

 

[amoon]

good luck buddy
keep us inforned

 

[Deleted member 283687]

Thank you guys,will keep it updated profit or loss

 

[Deleted member 283687]

 

[naughtyguy]

good luck but it wil take YOU sooooooo long to get ROI

 

[Deleted member 283687]

good luck but it wil take YOU sooooooo long to get ROI

Im currently mining cryptonote ,As per nicehash calculation i can make $3-3.5 from on card Currently mining xmr ,1 cards makes 2kh/s ,so all together 4 cards should make 0.032 XMR/day around $10 per day (Xmr price will go up ) ,$300 profit per month

Around 16 months(if electroneum or monero price goes up its jackpot) it takes to get the ROI.

 

[awesomewebsites]

Lesson learned so far : Don't buy electronic things online (In india) i have to go to another city to submit the motherboard and still waiting for their response ,if i would have purchased that in shop i could have submitted in shop itself

Superb. Definitely following this. Some questions:
1) Since you purchase all things offline, did you use affiliate link of a friend as you purchased a lot.
2) How much will you have to pay for electricity per month (approx) ? Can this be handled by an employee after set up ? Do you plan to run it for 24 hours a day ?
3) Also, how much warranty you got for these items ?

 

[Deleted member 283687]

Superb. Definitely following this. Some questions:
2) How much will you have to pay for electricity per month (approx) ? Can this be handled by an employee after set up ? Do you plan to run it for 24 hours a day ?
3) Also, how much warranty you got for these items ?

" Since you purchase all things offline, did you use affiliate link of a friend as you purchased a lot"
No After getting scammed in online,i went to buy things from local market in chennai

This is my very first rig and when people say about mining with own hardware for others it might sound easy its not a easy task ,it takes time to setup for me it took me 30 days to setup properly,still i couldn't figure out why i cant run 4 cards ,im running 2 cards only when i start running 3rd card im getting an error ,trying to fix it ,about running it-im running it when i'm awake only because sometimes the rig is restarting i'm figuring it out what makes it restarting


"Can this be handled by an employee after set up ?"
Yes,one of my friend running 100+ cards having staffs who are managing it

"Do you plan to run it for 24 hours a day ?"
Yes I Am

Also, how much warranty you got for these items ?
I have 1-3 years warranty on all the products the thing is claiming warranty in india is next to nothing
That's the worst part in india,i tried to claim warranty of motherboard its pain in the ass,and my ssd im trying to claim it still no proper contacts i have bought it from amazon ,amazon responds go and claim it from manufacturer ,i have bought things back in russia if it doesnt work they will replace it a new one no questions asked.

 

[Webbers UX]

Best of luck with your journey map.

How many months will it take you to break even with your investment?


Luka

 

[Gosocials]

Hi guys, i have been cloud mining cryptonote coins for 1 year ,now i have decided to buy gpus to build my own rig and start mining cryptonote coins (mainly i want to mine monero ,electroneum) next option is to mine ethereum,posting this as a journey to keep me motivated,another reason is when i started building the rig only realised it's not a easy task to troubleshoot (Im newbie to hardware),i have went through lot of issues and how i fixed it im posting that too hope somebody will find it useful

Things i have done so far

-Bought Gigabyte Rx vega 64 x1
-Gigabyte Rx vega 56 x 3
-Corsair 1 kva psu,one more corsair 450 psu
-Biostar TB 250 pro (6 slots)motherboard +Asus B 250 mining expert
-A Data 120 GB SSD ,Western Digital SSD
-A Data 8 GB DDR 4 RAM
-G 4400 skylake processor
-Dell 17 inch monitor
-TP link wireless Adapter

I have bought this 3 weeks before ,since i'm a newbie when it comes to hardware as i said i could not check things properly i have bought a biostar TB 250 pro motherboard which i have assembled ,it worked for 3 days only after that it was not even starting so i have sent it for warranty claim and bought Asus B 250 mining expert ,and tried to use other components A data ssd not working ,bought a new western digital SSD

Lesson learned so far : Don't buy electronic things online (In india) i have to go to another city to submit the motherboard and still waiting for their response ,if i would have purchased that in shop i could have submitted in shop itself

Total cost so far :3,20000 INR Around $5000
Profit so far :$0

Will keep you guys updated

All the best bro and watching your journey...

 

[Deleted member 283687]

Best of luck with your journey map.

How many months will it take you to break even with your investment?


Luka

when i bought the hardware it was 6-8 months approx,now its over 1 year

 

[CPADominate]

Did you check Electroneum mobile mining?.

 

[Grimasaur]

Why didnt you bought antminer s9? As far as i know monero can be mined with asci right?

 

[Postercamp]

You got a monschine! (Monster machine).
Good luck mate!

 

[Deleted member 283687]

Did you check Electroneum mobile mining?.

I have no idea about mobile mining

Why didnt you bought antminer s9? As far as i know monero can be mined with asci right?

As far as i know there is no ASIC for monero ,monero is anti ASIC

You got a monschine! (Monster machine).
Good luck mate!

thanks mate

 

[Tai_Storm]

Do you have a generator if your electricity goes out in india? - Isn’t that more expensive to run

 

[Deleted member 283687]

Do you have a generator if your electricity goes out in india? - Isn’t that more expensive to run

so far in winter there is zero power cut in my town ,im little scared because in summer there will be power cuts often ,planning to buy a UPS which is more then 1 kva

 

[Tai_Storm]

so far in winter there is zero power cut in my town ,im little scared because in summer there will be power cuts often ,planning to buy a UPS which is more then 1 kva

ah gotchya, the power cuts might reduce ur profit by a bit

 

[rahul911]

I am curious to know what results will be . Good Luck !