Post
Topic
Board Mining speculation
Re: Should I start mining?
by
leowonderful
on 03/03/2017, 01:56:50 UTC
Not even a 1/6th of investment in first month sadly.

If you can find ANYTHING that recovers that much of the investment in a month please let us know. That is a ridiculous ROI. Honestly the 1 year ROI on bitcoin mining still trounces most other legit investments you can make.

Coin mining is not a get rich quick scheme, but like any other business, if you put the time and effort into it you can be successful.

That's what I keep saying. People complain that it will take 1 year to hit ROI mining when in the actual realm of investing, ROI in 1 year is UNHEARD OF.

If you cannot make you money back in one year in mining, you will not make money back.

Not necessarily true if you factor in the resale value of your mining equipment which you should be doing anyway.
Precisely why you should buy GPUs and use em to mine- better resale, more algorithms, more uses. BTC mining is becoming increasingly hard to do but you can reach roi easily with a few RX 480s running on ten cent per kilowatt power compared to a S9. I still do some limited btc mining but like others here I've shifted more to gpu mining.

I actually haven't looked into alt coin mining for years since I used to mine dogecoin Smiley
If you got in on dogecoin mining early, you made a LOT of money (as goes with most coins), lol.
Yeah, dogecoin was really hyped back in the day... I remember mining for some on my laptop, what a mistake that was Smiley GPUs are real nice to mine with, I game with some and I keep the newer ones to hash away in my garage. Way quieter than some other miners I've had.