ETH: RX580 8Gb @ $550 each or GTX 1070 @ $650

Discussion in 'Blockchain & Cryptocurrency Mining' started by im late, Feb 6, 2018.

  1. im late

    im late Member

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    Hey All,

    Simple question miners. :)

    I am in the potion where I can secure 6 x GTX 1070 for $3900 or 6 x RX 580 8GB for $3300.

    Looking to mine ETH.

    What would be the smart buy now?

    I suppose based on OC hash rate performance with suitable bios...
     
  2. illdrift

    illdrift Member

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    I was looking to offload one of my rigs, an 8x 570 rig for $3900 on the facebook groups. I also live just down the road from you in Huntingdale.



    The RX series is really only good for Ethash or cryptonight. I guess the good thing is Ethereum makes up most of the mining economy.

    The Nvidia card is far more flexible, and gets slightly better power consumption on Ethereum (though cannot dual mine as well as the RX series of cards)


    https://whattomine.com/

    try flick between the 1070 and rx580

    edit:
    as a general rule
    rx580 = 25-30Mh/s
    gtx1070 = 30-32Mh/s
     
    Last edited: Feb 6, 2018
  3. duck_boy

    duck_boy Member

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    Are they new cards? My 6 gtx 1070ti cost me $4236. Buy the GTX 1070s, they are more versitile and they are super in equihash.

    I want to mine ETH but the cacluator always point me to ZEC I earn more there.
     
  4. OP
    OP
    im late

    im late Member

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    The 1070's are new (I can source from disty channels, not retail, new old stock).

    Yeah I am leaning towards 1070's as more versatile. And correct me if I am wrong but better resale value if the need arises?

    But would like to read more opinions form the community. :)
     
  5. NerfDude

    NerfDude Member

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    To be perfectly honest neither are a good deal to mine Eth when Rx570s were going for 300-330 in December and get 95% of the hashrate..

    I would probably go with the 1070s I guess due to versatility and resale value unless you are particularly bullish on Cryptonight mining where the 580 will have a big edge over the 1070
     
  6. koss

    koss Member

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    The price of crypto has collapsed, expect cheap cards.
     
  7. OP
    OP
    im late

    im late Member

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    Cheers guys, still on the fence on what to do.

    Wait and see if there are cheaper cards or get into to it now to start the ROI as soon as possible.

    I am in it for the long run, seen people give up as soon as market falls, to me that is "part and parcel" of mining..keep at it??

    I have a 5kw solver inverter system so looking to take advantage of that too.
     
  8. aussie-revhead

    aussie-revhead Member

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    Buy both and diversify

    :)
     
  9. IncredibleBulk

    IncredibleBulk Member

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    My 2c.... you could wait.... but then you're also risking cards NOT coming down in price and then you've lost potential profit from the coins you could have been mining in the meantime. It's all about calculated risks
     
  10. illdrift

    illdrift Member

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    Give it 4 weeks and prices should crash haha

    Solars a good backup plan, worst case you have a 8c FIT to forgo, thats getting down there with Canada and other low cost countries
     
  11. IncredibleBulk

    IncredibleBulk Member

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    Crash why? Honestly curious

    Or are you referring to what I call the "Todd Effect"... where in I buy something and the price instantly plummets haha
     
  12. OP
    OP
    im late

    im late Member

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    Sounds like I may also be a victim of the "Todd Effect"...lol
     
  13. aussie-revhead

    aussie-revhead Member

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    Hahaha just buy for a good price if possible and reduce chance of loss at sell time.

    Buy both, set up two rigs

    :)
     
  14. OP
    OP
    im late

    im late Member

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    my head is also telling me to just use the money to buy coin......
     
  15. OP
    OP
    im late

    im late Member

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  16. O-B-E-L-I-X

    O-B-E-L-I-X Member

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    Personally, I wouldn't buy cards which have been used for mining anything...especially without Local and Nameless receipt/s.
     
  17. illdrift

    illdrift Member

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    Lol

    Thanks todd!

    Hardware prices tend to lag the market price

    https://coinmarketcap.com/currencies/bitcoin/

    So either the bubble finally hit critical mass and the fun is starting to begin

    Or its a very convincing pullback
     
  18. duck_boy

    duck_boy Member

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    Then you missed out all the fun play ing around with the hardwares hehehe.
     
  19. OP
    OP
    im late

    im late Member

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    I suppose there is that. :)
     
  20. OP
    OP
    im late

    im late Member

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    UPDATE: I ended up being offered a complete rig which I bought. 8 x Asus GTX 1070 Dual's, Celeron, 8GB, SSD, Asus Prime H270-Plus, HP Platinum 1200w Server PSU, all enclosed in a compact ally frame (due to vertical GPU orientation).

    Worked out more cost effective (due to inflated GPU prices) to go,this way.

    Happily chugging along mining ETH on nanopool.org Aussie server @ 240Mh/s.
     
    adamsleath likes this.

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