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Why You SHOULDN'T Build A Mining Rig 

UFD Tech
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19 сен 2024

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Комментарии : 982   
@ToastyCoClothing
@ToastyCoClothing 6 лет назад
bro who do u get ur coke from
@MichaelBrown-fs1un
@MichaelBrown-fs1un 4 года назад
California of course 😂😂😂
@thelaundryman9287
@thelaundryman9287 3 года назад
🤣🤣🤣🤣🤣🤣
@roberth3963
@roberth3963 2 года назад
Was thinking the same thing. Or. Crystal hangs out there to. Lol.
@simonfrohlich7766
@simonfrohlich7766 6 лет назад
RGB boosts hash rate by 50% :D
@CaptainTomAN94
@CaptainTomAN94 6 лет назад
Actually this is a pretty good video that perfectly sums up the considerations people need to make when they think about getting into this industry. It CAN indeed be incredibly lucrative to set up a mining operation if you are really good with computer hardware, have cheap energy, live in a place with reasonably lower temperatures, and have enough time to basically dedicate yourself to a new part time job. Oh, and this IS a part time job that WILL take up a lot of your time if you bother to go big with this.
@JoeyT
@JoeyT 3 года назад
This dude is so intense. He makes you want to go all-in!
@saltysteel3996
@saltysteel3996 6 лет назад
I can't even buy a GTX 1060 for a gaming rig because of this bullshit.
@MrPolla545
@MrPolla545 6 лет назад
bought mine (msi gaming x 6gb) before the boom while it costed me only 330€, nowdays it would cost me 350€. /s Finland's prices didn't change.
@Bubsack101
@Bubsack101 6 лет назад
Here’s what I did: buy a old prebuilt with the card you want, then snag the graphics card and sell the rest
@yorickaname9475
@yorickaname9475 6 лет назад
Read a book instead. Then when you're done with that, read another. Also, go join a sports club somewhere (baseball, softball, basketball, or soccer team).
@yorickaname9475
@yorickaname9475 6 лет назад
Did you try looking? I found MANY of them available (and the 1080ti as well) on both Amazon and Ebay.
@iamdmc
@iamdmc 6 лет назад
also don't build one because then there's less competition for miners ;)
@UFDTech
@UFDTech 6 лет назад
+iamdmc Truth
@billypi1307
@billypi1307 6 лет назад
BUT WE NEED MORE PEOPLE TO HOLD AND USE COINS SO THEY GET MORE VALUE!! THE MORE PEOPLE USEING CRYPTOCRNC THE BETTER FOR US THE WORST FOR THE GOVERNMENT AND THE BANKING SYSTEM
@studiorobo
@studiorobo 6 лет назад
sperg
@spicketspaghet7773
@spicketspaghet7773 6 лет назад
and then it crashes the second it is outlawed. Gaining profit from nothing is never healthy for an entire economy. All these people getting into it will just mean more people will have bitcoins, which means more bitcoins can be earned, but that rate will drop quickly. You'd need 50000K to make back any possible money, and that's only as long as bitcoin or crypto currencies are accepted. The government may look into this eventually, all of this money going nowhere is not healthy for the overall economy, the gov may just make crypto currencies illegal, and all of the sudden the price will plummet.
@iamdmc
@iamdmc 6 лет назад
hard to regulate and ban something that's on the internet not hard... impossible cryptos aren't going anywhere
@TheEkkas
@TheEkkas 6 лет назад
Another major issue if you want to go bigger is power availability (apart from price). In RSA most homes have 63A max. Depending on the hardware OFC, let's work on an average of 5-6A for an ASIC machine or 6-8 card GPU miner. So if your house is using 40 AMP peak times (think geyser, kettle, washer all working simultaneously) then you cannot add more 3 or 4 miners. It get worse; wall plugs or groups of plugs have 20A breakers, so putting 2 miners in the same room can easily start tripping some switches if there's anything else on those circuits. Then you start to lay leads from other plugs to keep the noise contained in one room and you have fire-hazard issues with hot wires and plugs. So as great as mining is, you can only go 'so big' at home.
@UFDTech
@UFDTech 6 лет назад
+Anton Ekermans Good thoughts. Was gonna put that in, but cut it due to time constraints.
@brandonbilodeau7853
@brandonbilodeau7853 6 лет назад
Thats why you hire a electrician to check to see what is plugged into what and to see if you can upgrade your circuit breakers to higher ones or add a circuit breaker with a run thats only for your mining machines like i did.
@TheEkkas
@TheEkkas 6 лет назад
Was gonna put that in, but cut it due to time constraints. :P Unfortunately our municipality cannot upgrade beyond 63A single phase(residential) or 128A 3-phase(business/industrial) unless you install a substation @R280000 (23000USD) to get (I think it was) 500A.
@MrMalditor
@MrMalditor 6 лет назад
Slowly adding GPUs to your systems is probably the safest method, at least as I've found. Which is pretty much necessary given finding a GPU at a reasonable price can take awhile. I got a 1070 ti for 519 which is a bit inflated but reasonable, and right after I bought it *limit 1 :-)* the price went up to 899... The price of GPUs is outrageous to be completely honest.
@TheXiguazhi
@TheXiguazhi 6 лет назад
its the only method at the moment...good luck finding 6 cards ont he market to get started.
@KelvinKMS
@KelvinKMS 6 лет назад
Never wait or you will never find one anymore or you need to pay insane price :)
@paulvenneman7539
@paulvenneman7539 6 лет назад
that's because nvidia is switching factories to a new chip.
@kracin
@kracin 6 лет назад
i literally just got 6 1060s at 250-300 (250 for 3 3g, 300 on the 6g ones).... put my system together a few days ago...... no stock anywhere anymore for a decent price now...
@MrMalditor
@MrMalditor 6 лет назад
Yeah, even those prices are little high for those cards, but decent enough that they should still RoI in a decent amount of time. I understand supply and demand, but the prices right now are closer to gouging than anything legitimate.
@BigtimeBigA
@BigtimeBigA 6 лет назад
I built 4 rigs with 10 cards each last month and spent $26k, but made over $6k the first 30 days, would have been $5k if not for increase in ZClassic. If mining dies today, I can sell my one month old cards for 80% what I paid at minimum meaning I’m well past breakeven so I have no risk and will ROI with in 4 months. Best investment I made.
@UFDTech
@UFDTech 6 лет назад
+Big A If mining dies, I highly doubt you'll be able to sell for 80%
@jakegarrett8109
@jakegarrett8109 6 лет назад
I'm thinking $100 for an RX 4/580 card. If you think that's stupid, I bought several RX 470 cards when mining was still pretty good for $140 each (bought them from a miner). If it crashes, I fully expect to be selling those at $80. However, if they go lower than $50, my plan is to try to beat the Firestrike 4x RX 470 records with some LN2 fun!
@BigtimeBigA
@BigtimeBigA 6 лет назад
That was an apocalyptic worse case scenario if market literally died overnight which I don’t think is even possible, it would take months to collapse at worst. That said. 80% for a 1month old card should be doable even if the market is flooded, especially for a brand new card that I’m using 1070ti, heck I may still be able to return them for a store credit at that point. I was just making the point that compared to any other investment, cards resale right now for like 90% to 100% of cost as you pointed out, so after less than a month or so you are basically at a breakeven point. As an investor in Real Estate, stock market, bond market, bullion market, numismatic, and so on....I was just discussing the risk assessment of investing in a gpu miner. In 41 days, I am at $7433 made and can right now sell my 1070ti’s on eBay for more than I paid, not many investments will do that, in fact, I’ve never seen anything like this. In another like 23 days, I will be at 50% ROI, that means to get to losing money on my investment, I would have to not be able to sell a 2 month old top of line 1070ti for $250, I don’t care how flooded the market is, there is still a video game market that will buy. GPU rig is a solid investment, not risk free, but one of the lowest risk investments I have ever made.
@jakegarrett8109
@jakegarrett8109 6 лет назад
I wouldn't pay over 60% for a used card (wouldn't even give 80% for a new in sealed box, there is no warranty from the manufacturer). You should be able to get $200 for the 1070ti, but maybe not. If someone with several million dollars worth of cards is near your country and starts selling a thousand 1070ti cards, then that alone will drop the price to dirt cheap. Also when Volta comes, it will drop prices. Historically, the __70 is on par with the Titan of last gen, so ~$350 cards matching $1k cards of last gen (and the $350 card is new with warranty). I'm expecting slightly over that, maybe $500 for my new Titan Xp collectors edition, mostly due to Star Wars fans wanting it (possibly just as a decoration piece, which is what I will do if it dies, or give it as a display gift to my uncle who is also a big Star Wars fan for his memorabilia shelf in his office). I'm not banking on any resell value though, it may end up as a trophy/reminder to always be careful (will set next to my sub-zero killed AMD card).
@jakegarrett8109
@jakegarrett8109 6 лет назад
I'm guessing RX 570/80 cards. He said $26k for 40 GPUs plus 4 mobos, ram, PSUs, etc. That's leaving about $400 per GPU. Its possible they are GTX 1070 though. Either way, I'm guessing $100 to $150 after mining crash (like I said, $140 for my RX cards even when mining was good).
@frederikvanreusel
@frederikvanreusel 5 лет назад
sell your house and buy a giant mining rig edit: and buy a box to live in
@Ev3rM0r3
@Ev3rM0r3 6 лет назад
I looked at graphics cards today on newegg and the 1080sc i bought 3 months ago that was 550 on blackfriday is now 850-1000 and a 1080ti is almost 1300-1400.... WTF?
@UFDTech
@UFDTech 6 лет назад
MEGA INSANITY. 1080 Ti's were $900 when we were preparing to make this video. :( RIP PRICES
@redgringrumble2029
@redgringrumble2029 6 лет назад
Dude, the Rx 580 8GB I got in Nov was $280 and now its listed for $500. should I just sell the cards?
@MrMalditor
@MrMalditor 6 лет назад
I've seriously thought about selling my 1070's because they are nearly double now, but I won't contribute to the price gouging.
@heezmagnif
@heezmagnif 6 лет назад
wait... i can sell my 1080ti for $1300? goodbye 1080ti.
@BigtimeBigA
@BigtimeBigA 6 лет назад
Ev3rM0r3 I bought my Asrock H110 pro BTC mobo at $120 from Newegg around Thanksgiving, 10 days later $279 was best price I could find for 3 more, bought another last week and winning an auction on eBay was cheapest and that was $291. ☹️
@egaprianto5360
@egaprianto5360 6 лет назад
I recently started mining with 6x rx570... and these are the exactly stressfull workload that i experienced, except for the noise (because all my rx570 run on my third floor (storage room).. and the fan only spinning @ 2300rpm.. with stable temperature at 65 celcius
@DanielsGameVault
@DanielsGameVault 6 лет назад
"keep energy consumption to a minimum"...sticks RGB leds in it :))
@brandishwar
@brandishwar 6 лет назад
This is actually where investing in water cooling can be to your benefit. You don't need to go all-out, especially since full-cover blocks for many of the cards are not available. But with "universal GPU" blocks, decent radiator capacity, and a decent pump, you can probably have a system that will run very cool and quiet. At least the cards will run cool. The room it's in, however, will most certainly not stay that way. Another alternative to have a cool running rig is to follow what DIY Perks did to take a CPU cooler and attach it to the mining card. This can allow the system to run very quiet with the cards still staying very cool - possibly much cooler than the stock cooler depending on the CPU cooler you decide to use.
@Ncloud
@Ncloud 6 лет назад
I'm just hoping when this dies down ebay will be full of cheap gpu's. Eventually some new technology will come up and make gpu mining obsolete (that isn't asics) I hope!!!!! But whatever i bought an rx480 8gb at $220 for a flash deal in late 2016. But for the low end gamers they're pretty much screwed. I think crypto-mining in the long run won't go anywhere this is sticking around and it's part of innovation.
@jimmycoin9965
@jimmycoin9965 6 лет назад
Eduardo Navarrete people will mive to other coins, eth wants to go to staking. magi coin can be mined with raspberry pie.
@lazar2949
@lazar2949 6 лет назад
Yes, agree with you. Mining is here to stay.
@kenbee1957
@kenbee1957 5 лет назад
I'm dying right now 🤣🤣🤣🤣🤣🤣
@pflicht4051
@pflicht4051 6 лет назад
Watched quite a few of your videos... The dramatics are a bit much but you always bring real info to the table. This video did it for me. No BS. Just exactly how it is. Subbed. Thank you and keep up the good work :)
@flowild
@flowild 6 лет назад
12 cents per kWh. *laughs in european*
@amaanq8649
@amaanq8649 6 лет назад
Orange ew Europe
@tatzecom
@tatzecom 6 лет назад
I got you, comin in at 25 cents per kWh here in good ol germany
@77garga
@77garga 6 лет назад
0.05 EUR per 1 Kw in south east europe :)
@amaanq8649
@amaanq8649 6 лет назад
tatzecom rip and I thought 18 was bad for nyc
@nickwagner9339
@nickwagner9339 6 лет назад
28 =(
@VincentBriatoreTV
@VincentBriatoreTV 6 лет назад
Submerged my rigs in mineral oil. You’ll get 2x the performance.
@toitoi8730
@toitoi8730 6 лет назад
LOL I knew sooner or later a finger was going to go into one of those fans.
@Mr.Pop0
@Mr.Pop0 6 лет назад
i made a 2 card rig, got 2 gigabyte 1080 aorus cards, they are very quiet under load and stay quite cool (under 70 degrees). The processor fan actually makes the most noise.Found them on a holiday sale on newegg for $540 each.
@geLokie
@geLokie 6 лет назад
Were are the other parts of this series? "Intro To Building Profitable Mining Rigs - Part 1"
@bwest6275
@bwest6275 6 лет назад
So if your house runs on solar, good deal to get into crypto mining given power is a non-issue? Just leave the rig on all the time 24x7 right?
@UlizardMeraptor
@UlizardMeraptor 6 лет назад
I forgot why I don't look at comments on the content I actually like - so many dumb/cringy statements.
@meanstreak110
@meanstreak110 6 лет назад
Miner MerMan i found your comment to be cringy. why? . You sir, are a weak minded guy because you're too stupid to actually care what u read. then...u actually commented that u are fed-up with other's dumb statements, when in fact your statement is stupid. WELL DONE U WEAKMINDED GUY.
@critical_unknown
@critical_unknown 6 лет назад
And you have a bite...
@UlizardMeraptor
@UlizardMeraptor 6 лет назад
meanstreak110 I feel like I just made an observation more than anything. But I respect your will to feel empowered buy trying to belittle someone else... like I didn't even say op is a phaggot or anything 😂. Find righteousness in a real cause and you might have something real to say one day.
@WolfofNightMusic
@WolfofNightMusic 6 лет назад
I built a rig with my older core 2 quad, and a few old gfx cards, the rig ran great, then used profits to upgrade. it also paid for my new gaming computer, then used my older gaming computer parts for another mining rig. at the moment profits are not too great, but will probably go back up before end of the first quarter. If i didn't have the parts to begin with, then i wouldn't have got into this, but its been great so far, electric bill not much higher in winter, have the windows open all the time, constant fresh air and heat in winter. I also sold my first mining rig and purchased newer equipment.
@brush120
@brush120 6 лет назад
Production quality through the roof. Love it
@martinsworld8678
@martinsworld8678 6 лет назад
Dust kills cards like you wouldn't believe, so does humid air, cold or hot really doesn't matter. Its a reason the biggest mining farms are in places where the geography, power cost and meteorology support it! My mining business is doing really well! Since starting mining in 2015. I guess you can bet 2017 was a good year for me :)
@Mrdsmith500
@Mrdsmith500 6 лет назад
Could be worse, aka KODAK!
@dinoxp93
@dinoxp93 6 лет назад
Here's my question. I have 3 systems, 2 have a single 1080, and the other a single 1070. Is it worth it to have the 3 separate systems with single cards to mine on spare time? These systems where built mainly for gaming so they don't get used often
@CryptoTchaps
@CryptoTchaps 6 лет назад
Excelent video, man! Here in Brazil the electricity is really high, like 28 US cents kWh but the us dollar is 3 times more, so, my 8 dollars per day is more o less 30 Brazilian Reais, very lucrative! Cheers!
@muhammadah6850
@muhammadah6850 2 года назад
28 cents?? Same like England
@eelcobrinks5536
@eelcobrinks5536 6 лет назад
Top tip if u do want to use minergate, don't mine through it's dashboard but use the miners from command prompt and just fill in your minergate details and the minergate pool u want to mine in a bat file. Gives a way better hashrate then mining through minergates dashboard and u can still use minergate multimine.
@Barnacules
@Barnacules 6 лет назад
My 8 GPU Ethereum mining rig paid off all it's graphics cards in 5 months. #Winning #FreeGPUs
@caymanhilldesigns453
@caymanhilldesigns453 6 лет назад
Mine did it in 3 days!!! burn.
@TampaTomorrow
@TampaTomorrow 6 лет назад
Would you be so kind to share your mine rig pc specs like what GPUs did u use with what other parts?
@reverendaero
@reverendaero 6 лет назад
I believe he did a video on it, should be up on his page somewhere
@dendogodnedmars2611
@dendogodnedmars2611 6 лет назад
its mostly the coin that you mine . you gotta hit the right coin at the right time
@artmanrom
@artmanrom 6 лет назад
lmfao
@markplaisted
@markplaisted 6 лет назад
Just got into mining i used my gaming pc and got another 1070 its managing a measly 5 bucks a day but hey 100 free bucks a month is 100 free bucks a month. i hope i can find a couple more GPUS that are used to match them up i would like all 6 to be the same. love the videos though keep them coming
@skage5136
@skage5136 6 лет назад
just a riser that was faulty? you where lucky man, thats nothing
@-JonnyBoy-
@-JonnyBoy- 6 лет назад
I burst out laughing at the antminer blasting away cause i had my sound up and again when you put your finger in the fan lol
@DanHughesNC
@DanHughesNC 6 лет назад
Oooooo.... let me guess.... #1 Reason....because there ain't no way in hell you're getting a video card faster than a toaster oven for less then $1000?
@UFDTech
@UFDTech 6 лет назад
+Dan Hughes Lololololol
@OrangeBroom
@OrangeBroom 6 лет назад
My $235 3 gig 1060 can mine about 90-95$ worth of ETH per month
@UFDTech
@UFDTech 6 лет назад
Yeah, no chance you're getting that for $235 right now.
@OrangeBroom
@OrangeBroom 6 лет назад
UFD Tech You are in Croatia if you get it used ;) But how come you still aren't verified tho?
@UFDTech
@UFDTech 6 лет назад
+Orange Broom What's the point of being verified?
@xDiabloSVx123
@xDiabloSVx123 6 лет назад
I've been mining via nicehash for the past 7 months and doubled my investment with 5 GTX 1050 ti's, 1xGTX1070 and an AMD Ryzen 1700 CPU @ 4.0Ghz. Looking for a 2nd GTX 1070 for my gaming settup that will be mining during the day and gaming at night :) Don't spend what you don't want to lose, if you love PC hardware and the idea of an easy passive income I would recommend it but be aware that the market can crash at any time and when that happens you can either try and sell what you have or end up stuck with old hardware that gathers dust... Stay away from asic miners and mining contracts, when market fails you have no way of getting your return of investment. Anyways happy mining and great job UFD, keep it up!
@KelvinKMS
@KelvinKMS 6 лет назад
I was fast enough to get my two GTX 1080Ti for $859 each.
@UFDTech
@UFDTech 6 лет назад
+Kelvin KMS Very nice! Still expensive tho.
@sasukesuite1
@sasukesuite1 6 лет назад
Mine Electroneum, it's virtually quiet, you can get around 130-150 per day, and it will go to the moon! I love the team and it makes up a majority if my portfolio. Also noise isn't linear, it's logarithmic :)
@leonphelps
@leonphelps 6 лет назад
Just got into mining about a month ago with my measly RX 570. Making about $3-$4 per day mining ETH. Idk...the troubleshooting and optimization was kinda fun and a learning experience
@sandorychicken4361
@sandorychicken4361 6 лет назад
leonphelps I just started mining one month ago with a single 1060 3gb and I’m earning £4 a day
@sandorychicken4361
@sandorychicken4361 6 лет назад
Christopher Obel i was mining musicoin but recently the prices have dropped so now i am mining zcash but i still make the same amount, if you want to mine any equihash algorithms like zcash, musicoin, etherium etc.. i recommend that you use claymore dual miner it isnt very hard to use, you just have to create the batch file and run it. Also you can dual mine equihash coins on it as they dont use all the gpus power
@mitchg6134
@mitchg6134 6 лет назад
how much did your setup cost?
@zeroawn3805
@zeroawn3805 6 лет назад
one fix for the power usage is get a really long extension cable and plug it into your next door neighbours place, there for you only need to deal with the heat and noise :D
@Rodrigo8
@Rodrigo8 6 лет назад
Okay now I have to set speed 0.75, forced UFD undervolt.
@UFDTech
@UFDTech 6 лет назад
+Rod Bruh, you gotta learn how to just handle the overclock.
@gugajedi
@gugajedi 6 лет назад
I've just decided to mine bitcoin and since the last couple of weeks I've been studying a lot about the cryptocurrency methods os mining and just reached your channel. I found very awesome that you are a channel from South Africa, never did before watched any south African channel. I liked a LOT your videos, they are very explanatory and I did learned a LOT here. I recently started to mine with my Gaming Rig, one that I already have before all that start to sparkle all over the world, this Rig is not very NEW, actually I'm running my mining tool on a R9 280X and I hope to build a new RIG just for mining. Here in Brazil the electricity cost are not so HIGH, I used to think that, but after learn the costs on other country's I've realized that here we don't have the worst scenario of electricity high costs. So I plan to build a miner RIG together with a friend, and at the begging we will use only 3 GPU's, mostly likely we will use 1060 Ti and once we start to reach our mine ROI we will start to improve the RIG step by stop. Our goal is to build a 6 card mining RIG until the mid of this year and then start a new build for a more powerful RIG payed only with profits from the RIG #1. I hope you keep doing those information videos about mining cryptocurrencys and helping who want's to start doing this as a alternative way to gather some money! Thanks for your videos and the time that you spent to make than, so we can get more information about the topic!
@christoph8200
@christoph8200 6 лет назад
shesh, i only spent $1,100 on my rig i just built last week. running x4 1060's and its making me $14 a day. Spend more = make more per. day. Spend less = less per day. Just go with what your budget can allow. Remember each rig can usually pay itself off in 2-3months so thats your risk timeline.
@KelvinKMS
@KelvinKMS 6 лет назад
Right now you can get only two 1060 and earn $10 per day because Bitcoin price drop !!! and it should be 4+ months include elect bill.
@christoph8200
@christoph8200 6 лет назад
mine are 3gb :( only ones i could get at a reasonable price.
@KelvinKMS
@KelvinKMS 6 лет назад
If you buy GPU now, you will need 8~9 months to pay off !!!
@christoph8200
@christoph8200 6 лет назад
Meh, just gotta know what to mine. I stick to Zcash. It goes up and down daily but usually hits 700$ everyday. Sell then.
@christoph8200
@christoph8200 6 лет назад
Um no, they had the option to buy them just like I did.
@austinkramer2175
@austinkramer2175 6 лет назад
Minning in South Africa is so hard compete with the heat and struggle to get parts but it pays of well if you are patient
@Joe_BTC
@Joe_BTC 6 лет назад
71 k subs lol i was here at 40k like 3 weeks ago insane growth
@ms.hilton1044
@ms.hilton1044 6 лет назад
I got into mining in August, bought a Threadripper 2990wx a couple of VEGA 56s and 64GB of RAM. I'm attacking mining via the method most say is insufficient (they are wrong) CPU mining. Coupled with Windows 10 for Workstations and Hyper-V, I have numerous virtual systems mining a single coin.
@deekdouglas3055
@deekdouglas3055 6 лет назад
Couldn't help but laugh and nod in agreement at the whole first part :D It's still the best hobby ever though lol hopefully in a few months can start to call it my second job.
@connor6683
@connor6683 6 лет назад
Deek Douglas Mining cryptocurrency is not a hobby.
@deekdouglas3055
@deekdouglas3055 6 лет назад
anything you enjoy can be a hobby, depends how you wanna see it, to me it's my hobby and i love it. . . .
@justacooldudeuknow28
@justacooldudeuknow28 6 лет назад
I wouldn't call it a first job. Much less a second job. Lol. All Bitcoin has to do is tank.
@ROMORoo7
@ROMORoo7 6 лет назад
Deek Douglas:: so how much you make PER-DAY to say it's worth it??????????????
@yorickaname9475
@yorickaname9475 6 лет назад
Why would I want to call it your second job?
@nicknamethieves
@nicknamethieves 3 года назад
it was worth it when it was worth it. considering that eth is moving to a PoS, the only option PoW will be Bitcoin, and xmr, maybe ltc. The rest of the world will be using alt coins. Minning will maybe be profitable 2-5 years from now for a new miner imo.. Costs of equipment will go down, volume of trades will be up. biggest pro about building mining machines, is understanding crypto. if you get into this, the future is bright. everyone else will be catching up, and not knowing what to do. Great video. The part where you show the 6 gpu work brought me back to my airforce days.
@vvvRASvvv
@vvvRASvvv 6 лет назад
this guy looks like paul walker a lil bit
@UFDTech
@UFDTech 6 лет назад
+SolarVoid Get that a lot.
@Ncloud
@Ncloud 6 лет назад
He looks like Jesse from the first movie, but not Paul Walker.
@kenbee1957
@kenbee1957 5 лет назад
You should give up on getting GPUs and invest in a pair of glasses
@GeorgeAthanas
@GeorgeAthanas 6 лет назад
You are super honest regardless that you sell those parts at your store. this is completely humanity and that why you are gonna have a great future man. Cheers from Lebanon
@UFDTech
@UFDTech 6 лет назад
+George Athanas I don't have a store.
@GeorgeAthanas
@GeorgeAthanas 6 лет назад
UFD Tech ops, I miss understood though, but still thank you for the honest information anyway :)
@crankygamesnl
@crankygamesnl 6 лет назад
Im so happy I got paid out Before the bitcoin drop
@UFDTech
@UFDTech 6 лет назад
+Cranky GamesNL Well done.
@Idrian10
@Idrian10 6 лет назад
It serves me very well while trying to live in Venezuela, I started with a r9 270 last year and with the ethereum pump I managed to build my rig.
@bloodhuntersoulvortex9201
@bloodhuntersoulvortex9201 6 лет назад
i kinda dont agree that it isnt that easy,recently i built a six gpu (r9 280xs) rig for 800 dollans, been mining zec for 2 months now and i have allmost all of the cash initialy spent on it mined in Zec.
@UFDTech
@UFDTech 6 лет назад
+Bloodhunter Soulvortex Bruh, most people aren't legends like you.
@bloodhuntersoulvortex9201
@bloodhuntersoulvortex9201 6 лет назад
hahah fair enough Brett
@bloodhuntersoulvortex9201
@bloodhuntersoulvortex9201 6 лет назад
Bob Freeman ebay ofc
@Kaelygon
@Kaelygon 6 лет назад
Wow, you have gotten 71k subscribers, just a while ago you were around 10k. Keep up the good!
@kaosapprentice
@kaosapprentice 6 лет назад
Yeah running AMD and Nvidia in same rig Omg almost every morning I wake up one of the software is offline ugh but while I'm at work I use TeamViewer ever hour and make sure they're still mining away... heat atm not a problem it's 20 degrees outside cards sitting at a cool 45 to 58 summer is going to be rough though but I don't pay for electricity so ac all day erday lol
@TheEkkas
@TheEkkas 6 лет назад
Everyone discourages it, but I've mined stable in the past with Nicehash Legacy app and mixed AMD/NVidia
@jimmycoin9965
@jimmycoin9965 6 лет назад
kaosapprentice its stable for me, i just ckeck the pool url to see if its mining
@TomlinsTE
@TomlinsTE 6 лет назад
As if the noise wouldn't be a deal breaker to begin with; Electricity rates in Oahu are 28.22 cents/kWh, plus it's always warm here. I wish I could join in the fun, but it doesn't seem likely.
@judsonupchurch3544
@judsonupchurch3544 6 лет назад
He probably made this video so less people are mining and more profit for him.
@UFDTech
@UFDTech 6 лет назад
+Judson Upchurch Discovered my true plan.
@Jigawly
@Jigawly 6 лет назад
STFU that's the plan
@JustaGuy_Gaming
@JustaGuy_Gaming 6 лет назад
Honestly I would say another problem is finding reliable hardware that isn't a scam. Given most retail outlets are sold out for GPU's you have to deal second hand or used, leading to questions in quality of product or even if they are authentic. Lot of cheap Chinese GPU's going around with a sticker on it claiming it's something else. Sure the recommend Wootware in this video sounds good but obviously those of us in the USA can't use it due to restrictions.
@UFDTech
@UFDTech 6 лет назад
Good thoughts.
@PunkRitesh
@PunkRitesh 6 лет назад
I started with 1 GPU and now I have 3 and 4th is on the way.
@mitchg6134
@mitchg6134 6 лет назад
did your mining rig pay for the new gpu's?
@PunkRitesh
@PunkRitesh 6 лет назад
mitch gams not completely. The time I started, my GPU had ROI of around 2 and a half months but I bought other one in 1 month. Currently, ROI is around 5-6 months and don't even bother to calculate for a new GPU right now because it will take you more than a year to get that money back with current difficulty.
@mitchg6134
@mitchg6134 6 лет назад
do you think it would be foolish for me to jump on board? I've been giving it some serious thought. I found a source for 4 RX 580 8gb for $1300 (seems a bit steep best i could find) I have no other equipment I'd have to start from the ground up.
@PunkRitesh
@PunkRitesh 6 лет назад
mitch gams We can't predict that and assumptions never last. GPU prices are rising day by day and there is no chance in hell it will lower down. Unless Nvidia and AMD start focusing on mining industry and mass producing current GPU lineup. But that won't happen, especially in the case of Nvidia. With current market bloodbath in mind, I think 4 RX 580s is a fair deal for $1300. For other components, it won't be much of a trouble. Go with Asus Z270 Mobo, Intel Celeron, 4GB RAM, and a good power supply. Storage is not an issue. You can even run your rig using a USB drive with Ubuntu installed.
@mikesadlak6403
@mikesadlak6403 6 лет назад
I love this, why you might not want to get in to mining from a miner that can explain in detail all of the hardships and costs that come with mining. I myself went cheaper on psu and do 4 card rigs mid tier (rx 570 rig X4 cards & gtx 1060 3gb x4), they are costly even at mid tier with a bit better cpu than normal miners would have. I retired gaming pc using amd fx 8320 and another with an amd ryzen 1300x i got on sale on black friday. They pull decent money, but with cost to profit ratio, it will take about 8 months to even recover costs on all of this unless the coin goes up. There's a bit more detail for anyone who wants to start mining.
@mnovo
@mnovo 6 лет назад
Bitcoin is on sale today. Did you buy? lol
@jotbot1
@jotbot1 6 лет назад
Hahaha
@DeadlyVenomKing
@DeadlyVenomKing 6 лет назад
Have u made vid on no riser motherboards. Just full connection to a full pcie slots board
@ashtronomic7738
@ashtronomic7738 6 лет назад
Hey Brett, we miss you :(
@UFDTech
@UFDTech 6 лет назад
+Ashley Chetty Y tho? Been releasing a video every day. 😁😁😂
@ashtronomic7738
@ashtronomic7738 6 лет назад
appreciated
@UFDTech
@UFDTech 6 лет назад
+Ashley Chetty Haha, maybe tonight.
@Beachernaut
@Beachernaut 6 лет назад
About a month ago I picked up a couple 1080TI's for a gaming build that ended up not happening. Not a lot of gamers in my area and didn't want to deal with selling them, so I threw them and an old 1070TI in with an old PC slated for the dumpster and took a shot at some mining. Gotta say I'm pleased so far, partly because electricity is cheap, and it's cold here so the miner helps with my heating. Come summer though, I might just sell the cards and call it good. Not sure I want to deal with the heat during the summer.
@UFDTech
@UFDTech 6 лет назад
+Beachernaut Pretty sweet way to start out. Good job. 😁😁😁
@Beachernaut
@Beachernaut 6 лет назад
After reading the comments, I went and looked at the 1080TI's I have. Picked them up for a touch over $700 each, now it seems if you can find them in stock, they're going to run upwards of $1,100. That's crazy!
@attarsanahresources5540
@attarsanahresources5540 6 лет назад
I want to see zebras
@UFDTech
@UFDTech 6 лет назад
+Attarsanah Resources No. Not til CES next year.
@rospincasocl3741
@rospincasocl3741 6 лет назад
The shit with the faulty risers is now common sense in the mining biz imo I guess it's the first place people look today if something is not working :D
@doriangray2347
@doriangray2347 6 лет назад
Lol you're the best. I have a 1070ti, and two 1080tis. I can't find any other cards.
@zacks2666
@zacks2666 6 лет назад
Yeah it's sad I just built mine and planned to flip a rig and buy more. So i started with 11 rx570s and 6 1070ti's, now I have 5 570s and can basically only buy back what I had before because of this price rise. Even the computer shop that ordered me the original 11 no problem can't get one for less than $400 to them $470 to customers
@AndrewVillarrealBTC
@AndrewVillarrealBTC 6 лет назад
Hey just stalk Amazon microcenter Fry's and neweeg Microsoft like every 30 minutes I've been able to buy 3 new 1080ti for less then 729
@justinpliskowski153
@justinpliskowski153 6 лет назад
The funniest part is when you're sitting on Amazon for 12 hours a day with your filter set and constantly refreshing the page. When something does pop up, and they do, almost every day, THEY ARE SOLD OUT IN UNDER 5 MINUTES. Unless you have 1 click buying on Amazon you have no chance of getting anything With Newegg you can get email and text notifications of when something is in stock. I've been away from my computer at times and my phones dings. I see the notification, run to my computer, put the card in my shopping click checkout....anddd suddenly my cart is empty...because I'm too slow. This is the most comical/absurd thing I have ever witnessed....
@yaron3479
@yaron3479 6 лет назад
I started with 20 1080 TI rigs 😂😂⛏
@FrederickNZ
@FrederickNZ 6 лет назад
How much is that pulling in mate?
@yaron3479
@yaron3479 6 лет назад
Freddie Hope we are a a Little company, so it’s okey to invest 20‘000 CHF 👌👀
@jakegarrett8109
@jakegarrett8109 6 лет назад
I think they meant, how much profit per day are you making, not how much it costs.
@stoneyvision8645
@stoneyvision8645 6 лет назад
Got 10 Sapphire Radeon’s $280 a piece, 2 Sapphire 580’s for around the same. That reminds me anybody wanna buy a Quake Champions Pack? Super cheap I got them with the cards. I think I have 5 left. PayPal only.
@maxherman11
@maxherman11 6 лет назад
Same here, I have 20 rigs with 8 cards each
@Ang3lOfD3ath
@Ang3lOfD3ath 6 лет назад
nope dont have noise issuse liquid cooled ,i live in canada dubbles as a heater in the winter i just open the window to cool the room down but being liquid cooled my MSI GTX 1080 get to 57.C after 24 hours liquid gets to about 40.C in the tank and temps and fans are controlled by a aquaro pro 5 so my fans only ramp up or turn off if need so my rig is farly quiet its in my room and i sleep with it running
@illmatic6789
@illmatic6789 6 лет назад
Bitcoin is dropping to hell . :3
@sippe3985
@sippe3985 6 лет назад
correcting to a price it deserves... bitcoin sucks now, unusable
@lucasrem
@lucasrem 6 лет назад
Blind Mantis what do u run yourself?
@motoktips3024
@motoktips3024 6 лет назад
Its because of asias new year, people converted to fiat to buy presents etc.
@mrwizardlizard965
@mrwizardlizard965 6 лет назад
I Sold at 19000 and reinvested in a 1070ti before they sold out
@rustyshackleford5668
@rustyshackleford5668 6 лет назад
Bit coin is not mined with GPU...
@mkrbu50
@mkrbu50 6 лет назад
I built 7 mining rigs each with 8 GPUs since September. It's been a heck of a ride so far. Add the following points to your list: 1. Securing a reasonably priced GPU has been very challenging since early December. 2. Dealing with different GPU brands and manufacturers means that each of these need differing modding procedures. 3. Psychological stress going with thw high volatility of the cryptos you mined. 4. Access to a market that will accept your cryptos with current market prices and suitable payment methods. 5. A stable internet connection that doesn't go south for days when it does. It's not about bandwidth, sure, its about a reliable ping rate. 5 points just from the top of my head.
6 лет назад
No. 2k for one 6gpu rig is my max and I say this after buildin about 20 atm. Luck has nothing to do with this. Except share/block solving luck. The rest is skill.
@UFDTech
@UFDTech 6 лет назад
+Pașca Alexandru Ok.
@jakegarrett8109
@jakegarrett8109 6 лет назад
You know the gamers can buy a 1080 ti SLI for 4k gaming and mine with it over night to have a free upgrade right? Just saying, you can get almost anything you want as a gamer (making 4k gaming possible) if you use your head and play around with cryptocurrency. Also note, in about a year, or whenever mining tanks, budget gamers should be able to buy super cheap 1080ti cards, pretty much ending the point of consoles and getting everyone into PC gaming. Whether that's good or bad, I hate consoles and the low FPS with non-tweakable settings. But as always, never invest more than you are willing to loose (If I was rich, I wouldn't put all my money in the US dollar, the Euro, or in any single currency, it would be diversified. When China says it wants its 18 Trillion dollars back, the US dollar will tank to worthless, and we saw what happened to the Euro. "Let me just spend my old Aztec coins", all money fails, every single Fiat money does too. I'm also a coin collector and enjoy looking at currencies that were disconnected and now worthless as real money, like the wooden pennies from the US to some beautiful Chinese currencies. I don't actually have Aztec coins though, that was my joke showing how the civilization came to an end)
@blahblah7720
@blahblah7720 6 лет назад
I am just curious how you can make $1200 back overnight with mining????Peoples with entire shed dedicated to it make around 1200 a day.
@jakegarrett8109
@jakegarrett8109 6 лет назад
I was making a little over $5 per card (and over $4.50 per RX 470 running only 80% speed), and over $6 a day per R9 Fury (I have 2 in my gaming machine) a few days ago. Cryptocurrency took a nose dive since then, and its a lot lower, but its still not super low. For $1200 a day, which was NOT said by any miner, if you can get realistically $3 per card, then it would be 400 cards (now, $3 is kind of low sometimes, so that would definitely more than account for electricity on decent days, but I can't claim to predict the future, so I'm picking just a reasonable number)
@Richard-r7u6c
@Richard-r7u6c 6 лет назад
I've got 1 rx 470, should I not even bother looking into this? hah. Bit late to the party, but I certainly don't want to buy a seriously inflated gpu
@blakobecwa
@blakobecwa 6 лет назад
I thought my ears died when I heard the multi-GPU sound test... then you had to bust out the clip of the ASIC....
@mostmug
@mostmug 6 лет назад
Ha I remember a time when you thought only AMD cards could mine... turns out nvidea was really the better cards...
@jakegarrett8109
@jakegarrett8109 6 лет назад
Hey, I just bought a Titan Xp, any tips? I do have experience tuning and an extreme overclocker with AMD cards, but I've literally never messed with Nvidia before. I also have some AMD cards mining right now, but I have no experience with Nvidia, recommendations or tips are always welcome. Cheers!
@markw496
@markw496 6 лет назад
Actually Nvidia is superior for Eth due to higher efficiency or less power usage. It is not better in terms of $/hashrate though.
@-JonnyBoy-
@-JonnyBoy- 6 лет назад
Higher efficiency doesn't equal more profit though.
@markw496
@markw496 6 лет назад
It does if your electricity is high or asking of higher electric requires more $$. But of course everything depends on your situation. As mentioned earlier, it is not the best for $/hashrate.
@anthonyferber8361
@anthonyferber8361 6 лет назад
equihash for the titan xp
@elcarpinteroGamer
@elcarpinteroGamer 6 лет назад
You forget to talk about cleaning the video cards every 2 or 3 months to prevent the overheating.... if you want to do it properly is a pain in the ass taking the fans and the cover off the card to clean them and clean the heat sink... there are some cards that easilly allow you to take them off but others like the Zotac 1060 6gb Amp Dual fan is very difficult....
@UFDTech
@UFDTech 6 лет назад
+Juan Jose Aguirre Suarez Haha, I should probably get on cleaning myself then.
@Mephistopheles13
@Mephistopheles13 6 лет назад
Times like this, I hate living in Las Vegas :( I would love to do this and I can fork up a decent chunk of change for a good rig. Just too hot of an environment
@artmanrom
@artmanrom 6 лет назад
:) You didn't even mention that you have to modify your home's electric panel in order to not get melted by that so high extra amount of power, cos if that happens not only it will be costing a truckload of money to repair it but also you'll be relying on the candle lights for a very long time.
@LordJon25
@LordJon25 5 лет назад
Put your mining rig next to heatpump = win win!
@michaelzindel2382
@michaelzindel2382 6 лет назад
It's -6 right now. My 5 GTX1060s and 1 RX580 are keeping the stand-alone garage at 15.5. So, he's not kidding when he says thermal output is an important consideration.
@MHBGT
@MHBGT 6 лет назад
Why did you sell the Vegas? After undervolting, I can keep the fans at a tolerable level, temps at 59C. $10/day on average with Cryptonight.
@TheGaBoDrUm
@TheGaBoDrUm 6 лет назад
Objections: Good investments are usually not cheap investments You can not build a mining rig with no experience and expect it to be a breeze The ROI for my rig is of about 5 months and ethereums value will definitely go up making this time shorter There are other places in the world where you pay 0.02 cents kw/h so your electricity concerns apply only to USA or places in Europe Mining goes hand to hand with exchanging currencies, meaning that if you decide to exchange your money when the market is low you’re a fool Second if for any extremely odd reason a coin fails and you’ve kept 100%of all you’ve mined in crypto there’s always another coins that becoming popular which you can mine and still make some money Anyways thanks the less people mining the more there’s for us to mine
@kenabartholomew5777
@kenabartholomew5777 6 лет назад
Can we use the heat in a room and transfer it back to renewable energy as the electricity for the rig? Just a though
@salvadorfilms
@salvadorfilms 6 лет назад
G'day from Australia. I've been really enjoying following you're channel. Its really well produced. Could you tell me, how much time do you put into maintanace of your mining rigs. Or is there a video on this that i have missed. And what do you think about the crashing prices. Its seems like its bursting right? Im new to all this so i appreciate the effort you put into your vids. Cheers. Look foward to your response. Killa work dude
@CrockerLogic
@CrockerLogic 6 лет назад
These guys who spent thousands and thousands on Antminers to resell on ebay better hook those puppies up immediately so you can possible recover a fraction of your inventory cost cause the bids have all but froze. I was actually able to buy a gtx 1080 online from a major retailer in the U.S. just hours ago.
@zerabp1130
@zerabp1130 6 лет назад
I'm not happy with miners right now I want to update to a 1080 ti for gaming and can't afford to now. I just have to hope some get back in stock soon.
@AppleKid
@AppleKid 6 лет назад
High Quality Video Game graphics and Adobe Creative Suite cards. Computer Building and General Mining Profiteer. I still think that there should be a program for Volta that uses Ray tracing so that you can insert a VHS tape into it and Ray Trace it in real time to 4k.
@sgutierrezcruz
@sgutierrezcruz 6 лет назад
One question, what do you think would be better to buy, 2 RX580 or 1 Vega? asuming is the same cost
@chinchilla_irl
@chinchilla_irl 6 лет назад
"If you don't want to practice patience in this game, you aren't going to have a good time.." rofl so true
@horiksaphire3364
@horiksaphire3364 6 лет назад
Nice rig you have there, only thing it needs more lights.
@FukU2222
@FukU2222 6 лет назад
I pray for you, and South Africa - Zimbabwe finally did something about Mugabe, hopefully things get better down there (for you, and them) before they get worse. Cheers, and thanks for all your content.
@julianspring6699
@julianspring6699 6 лет назад
Just got into mining about a month ago. Using a single 6GB GTX 1060 and was earning about $4/day. With today's market free fall I have watched my earnings fall to about $2/day. Hope there is a turn around on the horizon or there is going to be a GTX 1060 on the used market soon.
@tekartsu2051
@tekartsu2051 6 лет назад
Just put the BTC miner in an insulated box and add a heck of alot of fans. It still makes noises, but it won't be as much without the box.
@polarbear1291
@polarbear1291 6 лет назад
Paid half of my mining investment off in 5 months. If what i am mining jumps up in price over time (it already has 5x) things will be paid off even faster. Please don't mine though it is dangerous and you will not make your money back ;) Small fans facing gpus are a waste of time and money from my experience. Setup your mining rig to give you alerts through the pool you are on to notify you of miners that go down. Mine run 24/7 and i have to reset 1 rig a week generally which involves turning the computer off and on again. Good luck to those getting into it :) If you are patient and are interested in crypto, mining will make you a lot of money ''''once you have paid back your initial capital''''. Allow 1 year as a safety net to pay off your initial investment however i am on target to have it completed in 8 months. Good explanation for those getting into it! Cheers, polar
@tropicalvacationsrentals6803
@tropicalvacationsrentals6803 6 лет назад
Hey, regarding profitability will it make sense investing in just 1 mining device?
@Jojo_The_FlyingFoodie
@Jojo_The_FlyingFoodie 6 лет назад
what protocol do you think the evga nvidia 1080ti mines the most efficiently
@Ryanfox1981
@Ryanfox1981 6 лет назад
I got 20 8GB RX480's mining at roughly 590 Mh/s average. It took me months of tweaking to get the perfect combination of firmware, mem,gpu clock speeds and OS combinations to get it running smoothly. Heh It took the use of a Linux proxy and management system to manage the rigs. Because of that it requires minimal user intervention. BTW I'm based in Cape Town :)
@AlexManMe
@AlexManMe 6 лет назад
Which OS will be best to mine on? is Windows better now? I haven't experienced bluescreen for the last year or so using Win10
@compmojster
@compmojster 6 лет назад
Air conditioning is bad idea. Better is to buy big ventilator and somehow tunnel the hot air out of the room and the cold air Will come in the room by it self because of preasure difference. Or maybe you don't even need ventilator, just tunnel hot air up and out because hot air rises, and the cold air Will come in by itself
@MrMeganeRS
@MrMeganeRS 6 лет назад
I’m new to all this but I’m goin to try it out start off small use it as a learning curve buying the 1050 ti cheap stuff first learning to overclock assemble it all learn as much as possible reading and watching videos are not the same as getting stuck in there myself I’m looking forward to the work ahead finding out more about mining
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