I know I might be late into the mining game, but I would really like to get into it, since I have been researching so much about it lately.
Problem is that my GPU of choice(RX580), I could not find much info about whether to buy them now is a good option or not.
The deal breaker for me are the following -
1 - Already I am late at the game, so buying these GPUs, according to my calculation if I buy 20, it would take atleast 1.7 years to break even on hardware after elec costs(if I only mine Ether). Now, by then I guess these GPUs will be less efficient sinse newer cards are coming out thsi year.
I am very confused about what to do regarding this. Also maybe another factor contributing to this confusion is, how long should I plan on running these GPUs before upgrade?
You are worried about seeing the GPUs get obsolete after few months you buy them? Yes it's true and one more thing to be worry about is Ethereum will switch to Proof of Stake soon, you won't be able to keep mining Eth with those cards