Hi guys, how is it going?
Can you please give me an advice;
I want to start mining and I am thinking to mine alt coins instead of bitcoin.
I built my pc recently and the goal was to play games with it but now I have decided I prefer to make money with it.
CPU is amd ryzen 5 1600x, MOBO is gigabyte ab350 gaming 3 and for RAM I've got 16GB ddr 4 3200 mhz.
So, the choise is between adding 2 gpu (rx 580 8gb) to my pc or buying an ASIC to mine bitcoin etc...What do you guys think? Electricity is 0.06/KWh, I can spend big money but I dont want to waste it.
My idea is to "complete" my pc with the 2 rx 580 and mine Ethash algoritm (etherium etc...) cuz i get 30.2 mh/s with 1 gpu, so total of 60.4 .
I own a 550W psu. I should make $65/month as profit, but I feel i can earn more.
Each rx 580 will cost 320, so 640 total.
Plus i can sell the alt coins on kraken and earn some money from there too.
I really wanted to earn about $120/month but what do you say? Is it better to "complete" my pc and use its potential at 100% or invest in ASIC?
I am familiar with bitcoin as I already have a wallet and traded on kraken etc...
Thanks
Regards
Can you please give me an advice;
I want to start mining and I am thinking to mine alt coins instead of bitcoin.
I built my pc recently and the goal was to play games with it but now I have decided I prefer to make money with it.
CPU is amd ryzen 5 1600x, MOBO is gigabyte ab350 gaming 3 and for RAM I've got 16GB ddr 4 3200 mhz.
So, the choise is between adding 2 gpu (rx 580 8gb) to my pc or buying an ASIC to mine bitcoin etc...What do you guys think? Electricity is 0.06/KWh, I can spend big money but I dont want to waste it.
My idea is to "complete" my pc with the 2 rx 580 and mine Ethash algoritm (etherium etc...) cuz i get 30.2 mh/s with 1 gpu, so total of 60.4 .
I own a 550W psu. I should make $65/month as profit, but I feel i can earn more.
Each rx 580 will cost 320, so 640 total.
Plus i can sell the alt coins on kraken and earn some money from there too.
I really wanted to earn about $120/month but what do you say? Is it better to "complete" my pc and use its potential at 100% or invest in ASIC?
I am familiar with bitcoin as I already have a wallet and traded on kraken etc...
Thanks
Regards
Basti, lass es
you need to do some reading. search through the forum. u need some theory background before you go on building rigs. you can for sure buy 2x RX 580 since you need a gaming setup anyway. but dont go further until you understand what you are doing. from todays point of view u have no idea...change it first.