Post
Topic
Board Mining (Altcoins)
Re: Putting idle money to work... Free Electricity- What GPU Mining Rigs to build?
by
stomachgrowls
on 27/04/2019, 02:47:19 UTC
If the power is free then you are going to make money, no questions asked really.
If you consider the hardware you have to buy in order to set up the mining operation, is that even true?  I have not mined any coin in my life, but I've been doing some research about it and from all that I've seen the income you get from mining solo with cards and the like is minimal.  Even with free electricity, you would have to recoup the cost of the mining equipment.  Is that actually possible by doing what op is proposing?

But if there is a choice to get profit in a liquid token or double profit in shitcoin I would choose liquidity.
That is actually an excellent point, but I would assume that a higher profit coin would also have enough liquidity in the market such that you could sell it easily.  You certainly wouldn't want to mine a coin that isn't listed on exchanges and that no one is interested in.
 
Best of luck to op if he tries this.


As I'm not really worried about the ROI that statement actually stands true.

I'm wanting to put the money to work that's it.
Are you already aware on possibility on losing investment instead of earning? If you are finding for things that do put up your money to work then mining crypto
wont really be the only option but since you are pursuing it then its your choice. $20k is a good amount to start but put up on your mind that theres no guarantee
that you will not lose money here even if you do have free electricity.When it comes to cards i do prefer on 20XX but well there are 10XX cards which is more efficient
and do still have the same hashes with expensive ones.