Thanks for the honesty guys, really appreciate it. Believe I'm going to invest in buying coins instead of mining. It probably doesn't make sense for me so cd the electricity cost is high too.

I'm thinking of slowly buying more of energi coins and hopefully so.eday accumulate enough for a masternode. Seems to be pretty good passive I come.

If you have any more suggestions for masternodes do let me know. I'm also looking at zcash MN and gobyte MN.

Have you guys had any xp with masternoding or staking?

thanks for your replies, this really opens up different perspectives.

I was actually planning to setup a remote mining rig overseas as where I live electricity cost is almost 0.22/kw.

But it seems it would save me tons of headache by just investing in ETH instead of mining(atleast to start with).

Are BTC and ETH are my safest bet for HODLing for profit? I was also looking at Zcoin(XZC) which rovides masternode(passive income? of $60 a month)

I know its a stupid question to ask what is really safe in crypto, but I would really apreciate if you could share your views. I will take them as 'lessons learnt' by experienced investors and try to atleast eliminate those mistakes.

So I have drilled down to some cards and I found the following options from a supplier overseas-
a)1060 6GB~ $140 - $160 (new 3 yr warranty)
b)1080ti 11GB~ $500 - 450 (new 1yr warranty)

So basically I can spend about 3k on cards resulting in - either 6x1080ti or 20x1060

i used whattomine to check which coin is best for the above cards, and seems like ROI on the 1080ti are bad, however the 1060s will take 1.5 years

is this normal? or am I just too late, which is why its bad for me?

What do you guys do. same as above?? use a profit calculator and mine the best coin? are your ROI on hardware around similar time as mine?

Am I missing something regarding mining.

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?