good to see all the experienced miners gathered here. but i would like to know how much you guys are mining with the rigs .i just want to know whether it is profitable for me to mine .
If your electricity is free you will get around 7$/day with 6x470 mining rig. Is it enough? You tell me.
6x470 rig would cost about $1400. So that is 200 day ROI. It is quite good.
You are not taking into account difficulty increase and price drop. Do the math, extrapolate that. One R7 370 did $3 a day in March. That didn't last long. You WON'T reach ROI in 200 days, it's guaranteed. Even with free electricity.
That is right. The price of the coin is dropping.