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10-Day Profitability of a 500 GPU Mining Rig
In today’s video, we discuss the 10-day profitability of a 500 GPU mining rig, focusing specifically on the MSI GeForce GTX 1660 Ti. After building this rig and having it run for almost 10 days, we will examine the revenue, power cost, and overall profit this mining rig has generated so far.
Crypti.Co – Largest Cryptocurrency Apparel Company
Today’s video is sponsored by Crypti.Co, one of the largest cryptocurrency apparel companies out there, with products including t-shirts, hoodies, baseball caps, beanies, mugs, and flags. Visit crypti.co and use the promo code ‘The Hobbyist Miner’ for a 10% discount.
Our 500 GPU Mining Rig
Our previous video demonstrated the process of building our 500 GPU mining rig, featuring the MSI GeForce GTX 1660 Ti, which has performed exceptionally well. This rig has shown impressive reliability, with an uptime of nearly 10 days. The rig’s hash rate has remained steady at around 31.65 MH/s while using 68 watts of power. It is crucial to base your profitability metrics on the entire rig’s power consumption, using a voltage meter for accurate readings.
Using WhatToMine to Evaluate Profitability
Head to WhatToMine.com to analyze the profitability of your mining rig, inputting your rig’s hash rate, total power consumption, and electricity costs. Using our rig as an example, our revenue comes to approximately $1.22 per day, with electricity costs at 14 cents, and a profit of $1.08 per day. Keep in mind that these figures can fluctuate based on market conditions and your rig’s performance.
Examining Our Earnings on Ethermine
By connecting our mining rig to Ethermine.org, we can track our mining progress in real-time. With an average hash rate of 31.9 MH/s and no stale shares, Ethermine calculates our daily revenue at about $1.17, not taking into account electricity costs. Our current unpaid balance sits at $11.93, which projects our daily average earnings to be $1.32.
By multiplying the average daily earnings by 10 days, we have made roughly $13.25. If we were to continue mining at this rate for an entire year, our estimated annual earnings would be around $481.80, keeping in mind that the Ethereum market has yet to reach its full potential.
Expanding Our Mining Rig and Future Plans
With our budget GPU mining rig performing well, the next step is to install three additional graphics cards, each with a budget of $300 or less. These older graphics cards will be overclocked and integrated into the budget mining rig, with predictions and plans for the expanded rig discussed in upcoming videos.
Join us next time as we continue to explore the world of budget GPU mining and expand our mining capabilities. Don’t forget to like the video, subscribe to our channel, and stay updated on the future of cryptocurrency mining.