Altcoin mining is actually profitable but I don't suggest joining until the middle of August as there is a lot of turbulence in prices because of some stuff in bitcoins (I just don't wanna go into details since you're new)
yeah i saw about the potential split coming, and looking at the bitcoin crash, a part of me keeps whispering
"buy bitcoins...now!" but i cant figure it out.
1) Profitability is directly correlated to hash as long as you are on a pool. There is no minimum or maximum hash needed to be profitable. However the most expensive/highest hashing ASIC gives you the most hashes per $$ so that reduces your ROI.
i was planning on a GPU based rig to start with, something around 1k to start with.
Regarding the rig though, besides choosing the right GPUs, is the rest of the installation relevant or can it be a bit below in terms of performance.
I mean if you play video games, you want the whole setup to work together and not having some components slowing the other. Is it the same for a rig ? because from what i got, only the GPUs will be used at full capacity, the rest is just here because it has to. Am i wrong ?
thanks guys for the answers.