Post
Topic
Board Mining (Altcoins)
Re: Beginning Miner
by
gtxBitcoinGuy
on 05/11/2017, 18:25:49 UTC
General consensus from everyone.  I have been doing heavy research on altcoin mining.  Looking to build a rig to start mining Vertcoin.  Looks like its going to cost me about 1400.  Is it worth it?  I have solar but taking into consideration the electric and equipment is it profitable

Profitability is a relative term and you can take it in many ways. Apart from that you should only invest the money in mining if you can afford to loose it. Having said that, mining is profitable if your strategy is right. If you are looking for ROI only then you would get frustrated pretty soon. Take this as a bait and keep working with it and at the end of the day you might get your reward.

Talking about strategy, do a little bit research on most trustworthy mineable altcoins. Don't just look for most profitable coin to mine. There are lots of variable. The coin with less valuation today might get a sudden bump and fly high next day. So, a lot of opportunity out there. Just hold until you have the moment and your ROI could be less than 6 months.