I wanted to get into mining some altcoins about a year ago and I really wish I did start mining Etherium.
It seems so risky now. After the fork, all the turmoil and everything that has happened...
Maybe mining ETC is still profitable but I feel like unless you can predict another alt-coin that will go up in value,
you are probably going to be making just a few dollars a month for a large investment, and the ROI will be a while.
(Depends on how much disposable income you have and how long you can wait to get it back I guess.)
Interested in Philipma1957 or someone with a similar setup on how long the ROI for your $1600 is.
well you need to know I earn 850 a month and spend 250 on power.
so 600 a month . I have 3 rigs so 4800 .
so 8 x 600 = 4800 but all my rigs have 1,2,3,5 year warranties on various parts. and all parts keep resale value far better then an basic does.
my earnings are based on 18 cent power thats right and to mine a profit at 18 cent power is hard to do with an basic.
My power drops to 9 cents on oct 1st so I go from 250 for power to 125 for power.
The key is how long does it last?