Hi everyone, I'm Mohsin 18 years old new to these currencies. I want to start mining as here in my city electricity is almost free. We just have to pay 50/ month to the authorities and they let us use it. unlimited. Power cut in my area is 1-3 hours/ day. I just have 10,000 Rs to spend on hardware. Please suggest me something.
Hi, If I were you this is how I would do it.
First option : Buy some coins and hold, and sell it when it does nice returns like 100x or 50x based on potential
Second Option : Build a low end one GPU system as below.
CPU : Second hand Celeron G460 Rs 1,849 RAM : 2GB DDR3 Ram Rs 769 Mother Board : Gigabyte GA-H61M-S2P-Rev2.0 LGA 1155 Socket Motherboard Rs 2000 GPU : nVidia GTX 750Ti Rs 8000 HDD : Sandisk 16GB Cruzer Blade Pendrive Rs. 315 Power Supply : Corsair VS Series VS450 Rs 2759 ------------------------------------------------------------------------------------------------------------------- Total Rs 15,692
I know its around 6,000 more but I dont think you can do it for any less.
This will not return much but with free electricity you will be making around $1.26 per day thats around Rs 80. In about 6 months you will get back your money and will start making profit.