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Finding Affordable Mining Hardware in the Current Market
As cryptocurrency mining continues to grow in popularity, miners are finding it increasingly difficult to source affordable hardware. In this article, we explore alternative ways to find inexpensive mining equipment and discuss the process of setting up a mining rig with an MSI Z170A Gaming M7 motherboard.
Difficulty in Finding Affordable GPUs and Mining Hardware
Over the past few months, the prices of GPUs and other mining hardware have been steadily increasing. Just six months ago, miners could easily find second-hand GPUs like the 580s or 1660 Ti’s for around $300. Now, these GPUs are listed for $500, making it difficult for hobbyist miners to source affordable equipment.
This increase in demand has not only affected GPUs but also mining motherboards. As a result, miners need to start looking for alternative sources to find affordable hardware that meets their needs.
Refurbished and Returned Warehouse Websites
One solution to sourcing affordable mining hardware is to look at refurbished sites and returned warehouse websites. Some examples of these include Amazon’s Returned Warehouse and Newegg’s Refurbished Site. By purchasing refurbished hardware, miners can often find great deals on equipment that is still in good working condition.
In the case of the MSI Z170A Gaming M7 motherboard, it was sourced from Newegg’s Refurbished Site for a mere $42. This motherboard boasts seven PCI slots and supports up to seven GPUs, providing a cost-effective solution for hobbyist miners.
Additional Hardware
In addition to the motherboard, other components are necessary to set up a mining rig. For the CPU, the cheapest compatible option was the i3 6100T, sourced from eBay for $60 each. A Thermaltake cooler was also purchased at a low cost. As for memory, it is still relatively affordable to source DDR4 RAM at 3200 MHz from Newegg.
Pros and Cons of Sourcing Affordable Hardware
While sourcing mining hardware from refurbished and overseas sellers can save a significant amount of money, there are some downsides to consider.
Pros
- Significant cost savings compared to purchasing brand new equipment from retailers like Amazon, Best Buy, or Micro Center.
- Ability to find compatible hardware for a fraction of the cost without compromising performance.
Cons
- Longer shipping times – In this case, the MSI Z170A Gaming M7 motherboard took around 15 days to arrive.
- Poor tracking updates – For items shipped from China, tracking updates might be scarce and inconsistent.
- Additional shipping costs – For the MSI Z170A Gaming M7 motherboard, shipping cost $65, increasing the overall expense to source the component.
Despite these drawbacks, sourcing affordable hardware is still a viable option for miners who are looking to minimize their start-up costs and allocate more funds to GPUs.
Tips for Finding Affordable Mining Hardware
To navigate the increasingly complex landscape of sourcing affordable mining equipment, consider these tips:
- Research refurbished and returned warehouse websites for cost-effective hardware options.
- Explore overseas options, like Alibaba, which often offers bulk purchasing options at discounted rates.
- Be prepared for longer shipping times and potentially higher shipping costs when sourcing hardware from overseas sellers.
- Invest time in researching compatibility between components to ensure the hardware will support the desired mining setup.
Setting Up Your Mining Rig
Once all the necessary components have been sourced, it’s time to set up the mining rig. In this example, the new MSI Z170A Gaming M7 motherboard was used to replace a malfunctioning motherboard in a Flux mining rig. With the affordable hardware sourced, miners can start to rebuild their rigs and get back to mining as soon as possible.
Conclusion
Sourcing affordable mining hardware is an essential step for hobbyist miners to remain competitive in the current market. By exploring refurbished websites, overseas options like Alibaba and utilizing refurbished hardware, miners can invest more in GPUs while keeping startup costs low. While there may be drawbacks such as longer shipping times and potentially higher shipping costs, the overall savings and increased mining capabilities can be well worth it.
Where are you Sourcing your Mining Hardware From? I let out my "little secret" of where I find my deals, share with the community!?
If need in quantity so china is good. I work freelance with some companies and individuals with new and second hand. Usually they need big quantity so the price is lower.
You shouldn’t go with Alibaba a lot of there site is a scam. You give them your money and never get your item most of the time.
Dude, you're like a mining guru with that setup!
But what i'm interested in: you got like a big bunch a GPUs, using power, like a lot of power!
Did change something in your house electrics to meet that demand and avoid for something to blow up?
Mate did you see some hardware brand new???🤣🤣 or you buy everything on second hand… you are SUX!!!! Red panda rulz!!!!
They want $160 for this board reburbished now
Dog before the first 20s = immediate like.
The MSI MB linked is now 159.99 on newegg refurb. 🙁
And those motherboards shot up in price quick… $159 +$65 in shipping…
Thanks for the tips especially with the small HP desktop motherboards. In October of last year, I got lucky and was able to get a Dell branded NVIDIA Tesla K80 24 gygabyte GPU for $230 US Dollars. Shortly after that, the GPUs and motherboards went through the roof and I wasn't able to build my Ethereum/Ethereum Classic mining rig. I was planning on just building a single GPU mining rig for Ethereum Classic.
Well, there goes the good prices at these sources now.
true bro.. for me..i look for refurbished PC.. got couple of those..
Tons of new and second hand GPUs available on e commerce sites in China, you just need to read Chinese and find a forwarder to mail to you in US. brand new mining motherboards with 9 pcie x16 with x79 chipset are just <100USD, with 2x second hand Xeon CPU, new SSD and 2nd hand 8GC ECC Ram included
Love my splitters 😉 by the way, you should use a M.2 splitter on that board and easily and cheaply go up to 8 cards for each of those boards 😉 the M.2 splitter i tried has worked perfectly and easily on my z boards
I've been burned twice with Newegg refurb and they refuse to refund me for DOA boards. Also, ASRock shares that shade with Newegg. Both are companies I refuse to deal with anymore.
Thought i commented on this. LOVE it. Great content as always 😉
This could have been 6 mins video
This is awesome. Thank you!
local facebook marketplace seems decent, ebay. or drive 3 hours to microcenter at 4am to get in line lol
Haha couple days after you post this the MSI boards went up to $69 hahaha
Haha I just retired my mobo just like that, about to list it on ebay.