Post
Topic
Board Mining (Altcoins)
Re: What happen to mining profitability?
by
TRexMcStubyArms
on 30/10/2017, 15:09:26 UTC
So again, if your belief is that the coin(s) you are interested in mining are going to continue to go up in value, after all that is why you are willing to invest $1,000's of dollars in hardware that might in maybe 1 year break even, why not instead invest $1,000's directly into the coin(s) and in 1 year be in profit, not just at break even?

GPU mining is the lowest risk entry point because you always have a price on physical equipment. This is especially important to newcomes due to unease / fear of a new (to them) technology - you can't have your cards stolen / deleted / lost etc.


I too went back and forth on ROI with simply investing in coin versus investing in mining.  Yes, I'm going to have a 9 month payback on my rig, but I'll still have the physical hardware that isn't ASIC.

I *might* lose my coins
The coins *might* become worthless
The cost of electricity *might* go way up

I obviously am betting that won't be the case but it's all possible.  I've been watching Ebay and Amazon for used equipment and they're all selling at 80% of new cost.  Hell you can see that on a car the moment you drive it off the lot.  The equipment I chose for the mining rig can be re-sold to people who want to use it for it's original intended purpose such as rendering or gaming and I don't think that's going to go away anytime soon.  Well I hope not anyway or life won't nearly be as fun  Grin