How to Build an Ethereum Mining Rig That Makes $597.83 a Month

Well, I added up the cost of the components alone and it's $4776.53 before taxes and shipping. If you make $597.83 net per month, that will come out to $7173.96 per year. But $597.83 / month is not the net gain, it's the gross gain. You need to subtract the cost of the utilities used to run your machine, and you need to subtract income tax, assuming you are following the law.

I have no idea how often the individual components break down, but you'd have to take that cost into account as well. You'll probably want to upgrade components as they become obsolete. Then there's the thing about there being no guarantee that cryptocurrencies will continue to be worth something at all (market/concentration risk). If your rig doesn't make as much money as you were expecting and you need to sell the whole rig for parts, how much will you actually be able to get back? (liquidity/horizon risk)

The point is, this comes out to a lot of work for only ~$2000 for your first year, and it's not guaranteed that the subsequent years of running the rig will be without their own costs. At first sight, a 33.5% return on investment looks great, but you need to consider the risks before jumping in.

As someone who actually wants to (correction: wanted to, since I can't, not any more) buy a graphics card for something other than this mining shit, I find this entire gold rush craze rather annoying. Apart from that, I don't really like it when someone registers a HN account and literally one second later submits a ShowHN to an affiliate article (without the Show HN tag, of course). And even further, mining gold rushes run counter to actually establishing crypto currencies for use as a, you know, currency — though I personally have no opinion one way or the other there.

(On the other hand, chances seem fairly good that this gold rush will collapse as well, and then miners will have to dump their cards quickly on eBay or whatever).

> The risers that we are going to use are probably some of the highest quality in the industry:

Actual quality is supplied by folks like amfeltec.

Ignore the `1080 Ti`s and go for `EVGA 1070 FTW Hybrid`. They are watercooled and can easily do 30MH/s so in current ETH difficulty they'll give you around 2.46 ETH per Month.

They will also greatly reduce the price of the rig.

Good luck getting the cards right now.