Post
Topic
Board Mining (Altcoins)
Merits 1 from 1 user
Re: Help for a beginner
by
Harai Goshi
on 15/04/2019, 18:38:29 UTC
⭐ Merited by nc50lc (1)
I'd imagine the youtube video of the guy making > 1.00 per day on a 1060 is rather old, or he's valuating his average per day based on what he gets when he converts the obscure spec coin he's mined at an opportune time later on when it lists and pumps.  If you are just going to mine on it when you arent using it (turning on a miner when you are away, using cudominer to start up when its idle, etc) you wont be getting the .27 either. 

Is it worth buying a mining rig now?  I'm still building more of them, so for me the answer is yes.  Your answer may be different.

1) Do you believe in the big-picture idea of cryptocurrency?  If yes, maybe.  If no, probably not.

2)  Are you financially able to withstand the build out costs, maintenance costs (shit breaks), and electrical costs without taking immediate profits?  If yes, maybe.  If no, probably not.

3)  Time: Do you enjoy tinkering with computers?  And by "tinkering" I really mean regularly diagnosing why _insert_something_here_ suddenly stopped working?  If yes, maybe.  If no, probably not.

Finally, assuming you made it this far having answered yes to the above: 4)  Is it for some reason (be it personal, professional, or regulatory/whatever) more convenient for you to mine coins rather than start dollar cost averaging in by just buying the coins directly?  If yes, then absolutely.  If no, then...maybe.