Post
Topic
Board Mining
Re: The second biggest mistake I made in mining.
by
sunsofdust
on 30/09/2020, 18:35:23 UTC
If you own any of the last three generation of GPUs - AMD or NVidia, mining is still profitable.

But, buying mining hardware and getting access to cheap electricity now - ROI periods are now exceeding 600 days.

I would never buy mining hardware with an ROI that long.  180 days max, which would need a drastic price increase of all cryptocurrency prices or manufacturers to drop prices of current inventory.

Not going to happen.

Even with a brand new NVidia RTX 3080 GPU mining Ethereum - the ROI is still over 700 days (with out any diff adjustments).

https://www.coinwarz.com/mining/ethereum/calculator

So yeah, new folks thinking about mining are better off spending the money to buy the cryptocurrency rather than mining hardware.

Buy - do not mine. :-)