Post
Topic
Board Service Discussion
Re: Is investing in mining still worth it?
by
Chizuo
on 14/11/2016, 14:20:37 UTC
I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.
It doesn't only look expensive, but building up a decent home level farm is indeed an expensive investment where you constantly need to invest into your farm due to the difficulty going higher and higher.

If you don't keep adding extra gear from time to time, then you'll fall behind significantly where you'll have a hard time even getting 75% of your initial investment amount back.

What is your budget if I may ask? And at what hardware have you been looking? What country you're from?
Even, I was read on some reliable article about the solar plants building cost. I might have said if that's not suitable in my mind.
The minimum cost for building my own solar plant are $10.000 and it was taken over 20 years for ROI, but I call this just saving some of my monthly bills. The solar plant might not have worth in this time.

You hear about  solar roof used   on houses? Those even  cost  almost $8000  which means  it  would   took  up  long  to reach your  roi .  Hardware  mining would  be  profitable  only  if  the electricity  cost  on your country  is  cheap if  its expensive  then  dont  bother to do  mining  farms.  It would be useless and  just wasting  your  time and  money.

Ya your are right.Is not people don wan to mining on their own by for the person like me who live in country that charge High Cost Electricity for a month,mining is not recommended.The other alternative is solar energy that can generate electricity but the cost for build this is totally high.