Hey Guys,
I've been doing a bit of research in the realm of mining. I've seen a few builds. Looked up a few Alt Currencies etc.
I keep hearing people saying not to invest into a rig due to POS for ETH.
Am I wasting my time doing research on this and planning to invest into a rig?
Is moving forward is a viable option [in your opinion] ?
If so I was thinking of doing a RX 570 rig, but getting mixed reviews on the 1060/1070 cards. From crunching numbers, it looks like the difference in ROI between the two setups is only a few dollars per day. But the difference in cost supersedes the ROI value.
For instance:
RX 570 setup would cost 1600 (just video cards) and generate 6.2 / day (based on whattomine). Thus giving us an 100% ROI in ~8 months. Assuming difficulties stay the same.
GTX 1070 setup costs 2800 and generates 7.65 / day. Giving an ROI in ~12 months. Assuming difficulties stay the same.
For these, i would need to run the GTX build almost 3 years to catch up on profits.
I know you can dual mine, but only looks like ETH/ETC+ something else? Is this what I should also consider? Is this worth it?
I'm tech savvy in terms of computers as I am a computer science graduate.
Where do you suggest buying the cheapest hardware for building a rig? the smaller the entry point the quicker the ROI!
Thanks for any tips, pointers, or suggestions given!
O
I've been doing a bit of research in the realm of mining. I've seen a few builds. Looked up a few Alt Currencies etc.
I keep hearing people saying not to invest into a rig due to POS for ETH.
Am I wasting my time doing research on this and planning to invest into a rig?
Is moving forward is a viable option [in your opinion] ?
If so I was thinking of doing a RX 570 rig, but getting mixed reviews on the 1060/1070 cards. From crunching numbers, it looks like the difference in ROI between the two setups is only a few dollars per day. But the difference in cost supersedes the ROI value.
For instance:
RX 570 setup would cost 1600 (just video cards) and generate 6.2 / day (based on whattomine). Thus giving us an 100% ROI in ~8 months. Assuming difficulties stay the same.
GTX 1070 setup costs 2800 and generates 7.65 / day. Giving an ROI in ~12 months. Assuming difficulties stay the same.
For these, i would need to run the GTX build almost 3 years to catch up on profits.
I know you can dual mine, but only looks like ETH/ETC+ something else? Is this what I should also consider? Is this worth it?
I'm tech savvy in terms of computers as I am a computer science graduate.
Where do you suggest buying the cheapest hardware for building a rig? the smaller the entry point the quicker the ROI!
Thanks for any tips, pointers, or suggestions given!
O