Post
Topic
Board Mining (Altcoins)
Re: DIY FPGA Mining rig for any algorithm with fast ROI
by
ZafotheNinja
on 02/12/2018, 12:47:04 UTC
-snip-

LOL, N00bs offering group buys!

We've never seen that one before!

Quite so! If you read it again you will see that first I asked if one of these "Crowd Funding Buys" even existed, then if not I would be willing to start one. And yes, I realise that my post count is not in the thousands and that basically nobody here knows me. Didn't seem like a reason not to offer something that could open the doors of FPGA mining to a lot of people.

The way I see it, there are people here who would like to FPGA mine but either don't have thousands to invest in a card right now or think it is too risky for that kind of investment. What I propose is a lower entry point. If you are saving up to get a card, why not collaborate with others who are doing the same? So instead of money sitting under the mattress, it is actually mining and making money back.

Potentially, you could invest a couple hundred, instead of thousands, and then in a few years be able to get a dedicated card at a fraction of the price. (Re-investing any coins mined back into the system and letting them just grow there till you can get a dedicated card.) Or, you could keep adding more money as you have it till you can get a dedicated card, plus whatever coins you mined in the meantime. (Or get a dedicated card faster using the coins)

Risk: Trust a "Noob"
Reward: The ability to risk less money and still try FPGA mining or possibly to put money to work that would otherwise be sitting idle as you saved up for a card.

If you feel the need to bail after the card/s are bought, no problem! I, or we collectively will buy your shares of the card and you get your money back.