Is it worth going into mining in 2022? Mining Farm Income [AMD / Nvidia]

Table of contents

Ethereum has gone to PoS. Has GPU mining died?

In this article, you will find out how much all video cards, both AMD and Nvidia, pay off for. What you need to collect mining farms and so on.

Payback of mining on all video cards - cost calculation

If you are only interested in the payback of a particular video card, then we have made a calculation below in the table for all video cards: AMD and Nvidia.

READ
What to mine after switching Ethereum to POS? A list of profitable coins for mining. Is it worth collecting mining farms?

The table shows the calculation for a farm of 6 video cards, with full strapping – power supply, motherboard, CPU, RAM, cooler, housing / frame, SSD. As well as the payback of 1 video card.

In the calculations, we chose a card (from one series, for example, from 3060) with a good cooling system, but not the most expensive - that is, the average price segment.

But if you are interested in how much you need to spend on components, what components are needed, how much this or that farm on AMD or Nvidia will bring per year and how quickly it will pay off and much more, then be sure to read the article to the end!

Profit per year Dirty/clean* is profit with deduction for electricity (clean) and without deduction for electricity (dirty). The calculation was carried out with an electricity price of $ 0.1 and a commission of 1%.

Plus or minus indicators may change, as the rates of cryptocurrencies are very volatile! However, this does not change the essence of the matter. At the moment, mining is either completely not profitable (depends on the price of your electricity) or it pays off for 6 or more years!

Payback on Nvidia graphics cards (only new equipment – NOT used):

GPU Name	The full cost of the mining farm	Average price of 1 GPU	Profit per Year Dirty/Clean*	Payback of mining farm (clean)	Payback of mining farm (Dirty)	Payback of 1 GPU (without deduction for light)
Nvidia 1660	$1658	$240	$287 / -$127	Never: mining in the negative	5 years and 7 months	5 years and 2 months
Nvidia 1660 Ti	$1760	$257	$283 / -$183	Never: mining in the negative	6 years and 2 months	5 years and 4 months
Nvidia 1660 Super	$1718	$250	$288 / -$178	Never: mining in the negative	5 years and 9 months	5 years and 2 months
Nvidia 2060	$2211	$310	$392 / -$282	Never: mining in the negative	5 years and 6 months	4 years and 7 months
Nvidia 2070	$3351	$500 (GPU почти нет в наличие)	$480 / -$245	Never: mining in the negative	6 years and 9 months	6 years and 2 months
Nvidia 2080	$3484	$500	$617 / -$160	Never: mining in the negative	5 years and 6 months	4 years and 9 months
Nvidia 2080 Super	$3784	$550	$675 / -$258	Never: mining in the negative	5 years and 6 months	4 years and 9 months
Nvidia 2080 Ti	$4217	$600	$914 / -$226	Never: mining in the negative	4 years and 6 months	3 years and 7 months
Nvidia 1050 Ti	$1238	$170	$139 / -$275	Never: mining in the negative	8 years and 9 months	7 years and 4 months
Nvidia 3090	$6784	$1050	$1317 / -$445	Never: mining in the negative	5 years and 1 month	4 years and 8 months
Nvidia 3090 TI	$9784	$1550	$1254 / -$197	Never: mining in the negative	7 years and 8 months	7 years and 4 months
Nvidia 3080	$4684	$700	$1076 / -$271	Never: mining in the negative	4 years and 3 months	3 years and 9 months
Nvidia 3080 Ti	$5524	$840	$1250 / -$201	Never: mining in the negative	4 years and 4 months	4 years
Nvidia 3070 LHR	$3604	$520	$761 / -$172	Never: mining in the negative	4 years and 7 months	4 years
Nvidia 3070 Ti	$4324	$640	$762 / -$534	Never: mining in the negative	5 years and 6 months	5 years
Nvidia 3060 LHR	$2511	$360	$489 / -$236	Never: mining in the negative	5 years and 1 month	4 years and 4 months
Nvidia 3060 Ti LHR	$3051	$450	$760 / -$224	Never: mining in the negative	4 years	3 years and 5 months
Nvidia A5000	$14164	$2280	$886 / -$358	Never: mining in the negative	15 years and 9 months	15 years and 5 months
Nvidia A4500	$7864	$1230	$522 / -$463	Never: mining in the negative	15 years	14 years and 3 months
Nvidia A4000	$6958	$1079	$655 / -$122	Never: mining in the negative	10 years and 6 months	9 years and 8 months
Nvidia A2000	$4551	$700	$320 / -$94	Never: mining in the negative	14 years and 2 months	13 years and 2 months

Payback on AMD graphics cards (only new hardware - NOT used):

GPU Name	The full cost of the mining farm	Average price of 1 GPU	Profit per Year Dirty/Clean*	Payback of mining farm (clean)	Payback of mining farm (Dirty)	Payback of 1 GPU (without deduction for light)
AMD Rx 580 / 570 (8 Gb)	$1371	$170	$253 / -$628	Never: mining in the negative	5 years and 4 months	4 years and 1 month
6900 XT	$4684	$700	$1129 / -$167	Never: mining in the negative	4 years and 1 month	3 years and 7 months
6800 XT	$4144	$610	$989 / $212	19 years and 5 months	4 years and 2 months	3 years and 8 months
6800	$3784	$550	$990 / $212	17 years and 8 months	3 years and 8 months	3 years and 3 months
6700 XT	$2944	$410	$540 / -$289	Never: mining in the negative	5 years and 4 months	4 years and 6 months
6600 XT	$2511	$360	$463 / -$107	Never: mining in the negative	5 years and 4 months	4 years and 7 months
6600	$1971	$270	$386 / -$80	Never: mining in the negative	5 years and 1 month	4 years and 2 months

READ
How to mine ETHPoW (Ethereum PoW)? Mining software. Forecast

The payback of the mining farm in January 2022

Below, we have compiled a table with the payback of video cards in January 2022. This table will help newcomers understand what indicators are when there is no "crypto winter" on the market. Of course, such a quick payback (in January 2022) was also due to Ethereum mining. However, due to the high rates, there were many other profit coins that were on a par with ETH, and sometimes even brought a little more profit!

JANUARY 2022 (new graphics cards only):

Nvidia

GPU	The full cost of the farm	Profit per Year Dirty/Clean*	Payback
Nvidia1660	4970$	3055$ / 2848$	1 year and 9 months
Nvidia 1660 Ti	5707$	3721$ / 3514$	1 year and 8 months
Nvidia 1660 Super	6034$	3892$ / 3659$	1 year and 8 months
Nvidia 2060	6115$	4325$ / 3988 $	1 year and 7 months
Nvidia 2060 Super	7588$	5492$ / 5140$	1 year and 6 months
Nvidia 2070	Cards are not available in stores	5285$ / 4925$	-
Nvidia 2070 Super	8569$	5705$ / 5342$	1 year and 7 months
Nvidia 2080	Cards are not available in stores	7109$ / 6616$	-
Nvidia 2080 Super	Cards are not available in stores		-
Nvidia 2080 Ti	Cards are not available in stores	8981$ / 8411$	-
Nvidia 1060 (6 Гб)	Cards are not available in stores	2970$ / 2737$	-
Nvidia 1080 Ti	Cards are not available in stores	5927$ / 5409$	-
Nvidia 1050 Ti	2576$	1496$ / 1289$	2 years
Nvidia 3090	24586$	15103$ / 14273$	1 year and 9 months
Nvidia 3080	13953$	12194$ / 11598$	1 year and 3 months
Nvidia 3080 LHR	14853$	9315$ / 8693$	1 year and 9 months
Nvidia 3080 Ti	19678 $	11304$ / 10552$	1 year and 11 months
Nvidia 3070	10272$	7724$ / 7387$	1 year and 5 months
Nvidia 3070 LHR	10272$	6802$ / 6336$	1 year and 8 months
Nvidia 3070 Ti	11663$	8192$ / 7544$	1 year and 6 months
Nvidia 3060	7261$	4650$ / 4365$	1 year and 8 months
Nvidia 3060 LHR	7261$	4641$ / 4330$	1 year and 8 months
Nvidia 3060 Ti	8897$	7671$ / 7334$	1 year and 3 months
Nvidia 3060 Ti LHR	8897$	6451$ / 5959$	1 year and 6 months

AMD

GPU	The full cost of the farm	Profit per Year Dirty/Clean*	Payback
AMD Rx 570 (4 Gb)	Cards are not available in stores	2685$ / 2270$	-
AMD Rx 570 / 580 (8 Gb)	5680$	4028$ / 3691$	1 year and 6 months
5700 XT	9714$	7267$ / 6930$	1 year and 5 months
5700	Cards are not available in stores	7255$ / 6918$	-
5600 XT	Cards are not available in stores	5340$ / 5055$	-
5500 XT	Cards are not available in stores	3428$ / 3195	-
6900 XT	14622$	8439$ / 8050$	1 year and 10 months
6800 XT	13150$	8424$ / 8035$	1 year and 8 months
6800	12986$	8425$ / 8036$	1 year and 8 months
6700 XT	9714$	6316$ / 5953$	1 year and 8 months
6600 XT	Cards are not available in stores	4262$ / 4055$	-
6600	5870$	3782$ / 3583$	1 year and 8 months

Why has the payback of video cards increased in 2022: has it become longer?

To the question of why the payback of video cards / mining farms in 2022 has increased (it has become longer: now it is on average 8 years) – there is a very simple answer!

Firstly, Ethereum went to PoS and stopped mining on video cards
Over the past 1.5 years, there has been a huge jump in prices for the video cards themselves
The insanely increased complexity of the network - miners who mined ETH, and this is a large part of mining on the GPU, moved their mining farms to other coins.
The complexity of ETC has skyrocketed, and the price of the coin has dropped very much

Let's talk about these points in more detail.

Collecting a mining farm in 2022 is much more expensive than ever, but this is not surprising, because the whole world has been captured by mining fever!

This was mainly due to the huge increase in the price of cryptocurrencies such as:

Ethereum (NOT mined since September 2022)
Ethereum Classic (not mined on video cards with less than 4 GB of memory)
Ravencoin
And other mining coins

In this regard, the prices of video cards and all components skyrocketed: in the summer of 2021, it was even so that there were no video cards in stores at all – everything was sold out!

Even now, taking into account that ETH has gone to PoS, everything is not so good: some models of video cards are not available (see the table above).

Plus, Nvidia has released LHR video cards – these are special GPUs with protection from mining, and they cost the same as without protection (however, without protection, without LHR, it is not so easy to find a card in 2022 – we are talking about the 30 line).

However, in 2022, an almost complete bypass of LHR video cards was found thanks to various programs.

That is, in fact, in 2022 there are a number of problems that a novice miner or a user who wants to collect 1 more rig will have to face:

Quite a long payback period for video cards – more than 8 years
High prices for video cards and accessories
Hardware limitation in mining – LHR from Nvidia
The growing complexity of the network

Now, in order for the payback of video cards to become as "attractive" again as in 2020-2021 - from 5 months is necessary:

The rise in prices for cryptocurrencies (overcoming new peaks)
The output of a part of video cards from mining

What do you need for a mining farm?

To begin with, let's list all the components for a mining farm:

GPU
Motherboard for mining
Power supply unit
CPU
RAM
SSD
Riser
Additional cooling (coolers/ fans)

Now let's talk about what in any case it is impossible to save.

What can not be saved in mining?

The first thing you definitely can't save on is the power supply. The power supply is the heart of your farm, current flows through it to the video cards, so buy only good power supplies, at least 80+ bronze.

Further, what you can't save on is on the video cards themselves, or rather on their cooling system.

Taking into account the current prices for video cards, and their spread in only 1 model (for example, in 3060) by about $ 20 - $ 200 for a particular cooling system, buying a more expensive video card of the same model, but with a better cooling system for many may seem crazy - not everyone can overpay for just 1 card from $ 50.

However, you should not buy video cards with a bad cooling system! This is a waste of money, nerves and time, since such cards will overheat, which means you need to think about good additional cooling and also you will need to constantly monitor the video cards.

Of course, you can take a cheap video card with good cooling for the promotion!

Therefore, before buying a particular video card, read reviews on it and be sure to look at the thermal images and the internal cooling system!

Now we can talk about what you can safely save on.

What can you save on in mining?

In short, you can safely save on the following:

CPU
RAM
SSD
Body
Motherboard (but there are nuances)

Now let's look at all this in more detail.

CPU

Saving on the processor is definitely worth it, but only if you do not additionally mine on it.

However, this is not so profitable, since the most profitable CPUs for mining are AMD processors, you can also mine on Intel, but the income will be less. For example, mining on an average budget processor "AMD RYZEN 5 5600X", cryptocurrency Monero:

And why is it actually not profitable and it's not worth overpaying for the CPU? The thing is that the processors themselves are quite expensive, and motherboards for AMD are also not cheap!

Personally, we use the cheapest processors from Intel to collect mining farms, for example, for the LGA 1200, the most budget processor is suitable: Intel Celeron G5905 (cost ~ $62).

Such a budget processor will not affect GPU mining in any way!

RAM

You can save on RAM safely, buy the cheapest slats.

However, in 2022, it is better to build farms with 8 GB of RAM, since there are demanding algorithms, and on 4 GB you may not start mining certain coins, and in general, let there be a reserve for the future. By frequency - take the cheapest.

SSD / HDD

SSD has not been a luxury for a long time, and a very small overpayment for SSD is worth it: everything will load and open faster.

However, there is no point in overpaying among the SSDs themselves – take the cheapest 128 GB (for example: Goldenfir 128 GB T650, Silicon Power Ace A55 128 GB. The price of these SSDs is ~ $21).

You don't need to take less, because you need:

Install an OS that requires disk space
Make a swap file (most likely you will have to)
Install drivers
Install Programs
Download several miners at once, under several algorithms, so that in the case of a hype, quickly rearrange the soy rigi!

All this is actively squeezing out disk space, so in 2022, take a 128 GB SSD, there is no more sense, less is also the golden mean.

Housing / frame

There are hundreds of ways to collect a mining case.

These can be floor enclosures, shelving, various exhaust enclosures (with homemade hoods) and so on.

Assemble the case based on the following considerations:

Where will the mining farm be located
How much space can you allocate for a mining farm
What will the mining farm be assembled from?
What kind of additional cooling system will go to it
And so on

If the farm will stand in an apartment, in one of the rooms, then the best option is to assemble a rack. Just buy everything you need at a hardware store and assemble it yourself.

You can also consider the option with floor frames – they can also be easily assembled from any construction store.

To save money, you can use a wooden frame.

Motherboard

You can also save money on the motherboard, you should not overpay for the brand (however, there are cheap models among branded motherboards).

The nuance here is that you should not take completely unknown Chinese models, as they can quickly fail.

Mining profitability in 2022

So, let's now calculate how much in 2022 you will spend on one mining farm and after how long it will pay off. The calculations will be for both AMD and Nvidia farms. Let's start with AMD farms.

Payback on AMD

There is still a lot of old, useless information on the Internet, so be careful!

The most up-to-date information is written below (updated every month).

It is possible to build a mining farm in 2022 on AMD only on video cards of 8 Gb of video memory or more (on Nvidia 6 Gb or more).

4 GB video cards are already inefficient and outdated, since they can no longer mine most of the profitable coins, for example, such as Ethereum!

You can see the most profitable video cards at the beginning of this article (in the tables), in the section "Payback of mining on all video cards - cost calculation".

Consider the example of the 6x AMD 6800 XT. Cost 6800 XT approximately: $ 2140 for one video card!

Next we need a motherboard. The following will do:

«ASROCK H510 PRO BTC+»: LGA 1200, DDR4.

The maximum possible connection is 6 video cards.

«MSI B450-A PRO MAX»: SocketAM4, DDR4.

The maximum possible connection is 6 video cards.

«GIGABYTE GA-H110-D3A»: LGA1151, DDR 4.

The maximum possible connection is 6 video cards.

«GIGABYTE GA-B250-FinTech»: LGA1151, DDR 4.

The maximum possible connection is 12 video cards.

And so on, the more PCI-E x1 slots, the more video cards you will be able to connect in the future, thereby you will have a stock, and you will not have to buy 1 more "carcass".

This is especially true if you are assembling a rig of up to 6 video cards and after some time you plan to buy a couple more cards!

The average price for a motherboard for mining in 2022 is ~ $211.

Next, we need a processor, let's take the simplest one for about $ 61 + ~$7-10 for a cooler (CPU cooling). Since the socket of the motherboard can be any depending on the model of the motherboard that you buy, the price may vary slightly.

Next, we need 2 power supplies, for 6 video cards. 2 blocks of 750 watts are enough – the main thing is that you have enough PCI-e wires, read reviews on the blocks!

They will cost about $ 149 apiece. The more powerful the graphics cards, the more powerful the power supplies are needed. For example, for AMD 6800 XT, or for Nvidia 3080, it is better to buy 1 unit per kW + 1 per 750 watts. Or 2 blocks of 750 watts (the main thing is that there are enough wires and there is a free supply of 100-150 watts!).

Remember that before buying a power supply, check how many PCI e wires it has, which would be enough for each card!

Plus, we'll add ~ $ 30 RAM here (8 GB is better – since there are demanding algorithms and it's better to take care of it right away), as well as a riser with Aliexpress ~ $ 4 apiece.

An additional expense is the frame (you can easily assemble it yourself), it will cost you about $ 15-40 (a simple floor / small shelving).

In total, it turns out that the entire mining farm needs to be spent:

(610*6)+211+61+10+(149*2)+30+(4*8)= 4302$

(610*6) are 6 AMD 6800 XT graphics cards, and (4*8) are risers. Yes, yes, it is on 8, take a riser always with a reserve they have a lot of marriages!

Now let's calculate how much the whole rig will pay off (with full strapping). At the time of writing, a rig of 6 AMD 6800 XT graphics cards per year will bring you ~ $977 dirty (excluding electricity), or $200 clean (minus the price for electricity) (electricity at $ 0.1). Per month: $81 dirty, or $16 clean.

Crazy payback, isn't it? =)

Now let's calculate the payback on Nvidia.

Payback on Nvidia

We have considered the cost of components in payback on AMD, everything will be the same here, so if you are interested in a farm on Nvidia, just flip through the article a little higher and check out the prices for: motherboard, processor, power supply, RAM, riser, housing / frame.

Let's take the example of Nvidia's 3080. The cost of a 3080 card with a good cooling system is about $ 700.

Also consider the example of 6 video cards, such a farm will consume ~ 1400 watts, You need 2 blocks of 750 watts or 1 per Kv and 1 per 750 watts. It turns out the farm will cost:

(6*700)+211+61+10+(149*2)+30+(4*8)= 4842$

(6*700) is an approximate price for 6 video cards with a good cooling system, (149*2) is 2 750 Watt power supplies.

Now let's calculate how long it will all pay off. At the time of writing, a farm of 6 Nvidia 3080 video cards per year will bring you ~ $1082 dirty (without deduction for electricity), or -$265 clean (minus electricity) (light at $ 0.1). Per month – $ 90 dirty, or -$ 22 clean.

Now calculate for yourself below on an online calculator and compare how much your farm will pay off, faster or slower? Why do this? The courses change every day and the payback too, today the farm will pay off in 2 years, tomorrow in a year, and in a month it will pay off for 4 years or even 4 months!

Ethereum mining calculator

Payback conclusion: is it worth starting mining in 2022?

It is NOT PROFITABLE to enter mining in 2022, with such rates for cryptocurrency. However, it is worth understanding a couple of very important things:

Crypto winter is not eternal and the correction should begin sooner or later. Ethereum Classic, Ravencoin and other mining coins can break new price records again. For example, ETC has grown from $11 in 2020 to $134 in 2021! And this means that the payback can become fast again, 1-2 years. But you need to understand that this may not happen, or some of the coins will get bored, die ..
The complexity of the coins has also grown greatly. If it continues to increase, and the rates of cryptocurrencies stand still / or continue to fall, then the payback will be even longer
With the departure of ETH, new coins will try to occupy the niche of the king, therefore, with a high probability, new coins will come to mining on the GPU, which may be very profitable for the first time

If you are not afraid of the above points, then you can consider mining as a means of investing your capital. However, remember, you cannot enter mining with the last money and credit money! Come in only with free money that you are not afraid to lose!

Always count on the fact that the payback of the farm can be sooo long, such as in the table above. Yes, hype can happen, but count on the worst! Don't be fooled by the golden mountains. If it pays off quickly – great!

Have a good mining!