From a purely financial view one could weigh up if mining is right at this time by looking at how much actual "crypto" could be bought for a £6k capital investment (rough cost of such new GPU rig setup) and what i might be worth in 10 months. I would say at this time its worth mining esp if you like the tec but risky if you only have £6k to spend tho nothing ventured nothing gained.
I just built what i call a 4th Gen rig using RX6000 series cards from profits derived from a 3rd gen rig now decommissioned. The last two years have been good but nobody could have guessed it han on heart and I setup that 3rd gen rig two years ago at the bottom of the market when Eth was $80 and i mined it for a year at a loss operating costs wise but now who's laughing - nothing ventured nothing gained! One must speculate to accumulate but be sensible and before mortgage your childhood home think hard unless you can accept losing it which probly wont happen but no crypto no cry as Bob might say...
Hi, my friend is thinking of buying 3 new, non-lhr rtx 3080's
Occording to him, they should pay for itself by around 10 months ...
I personally feel like its probably not worth the hasstle, time, investment, headache, etc... if we are just talking about just 2 cards making such a small profit after the initial 2 months ...
If it where 10 cards, i would have probably told him, yea, go for it.
Thoughts, would you do it , if you had the cards available for purchase ?
Thx in advance for the input
Sam