Bitcoin Forum

Hey guys,

I'm pretty new to the mining game (just started with a HF account on SHA256) and I like the idea of contributing to the network instead of just buying coin as an investment.

I have roughly $30k to invest and I would like to hear out your ideas, especially from people who have experience with different builds and cryptocurrencies.

As of now I was thinking of going through in January with 5 rigs consisting of 12 Sapphire RX580 8GB Limited Edition on an ASRock H110 mobo, each. My objective is to mine ETH and I'm counting with steady 30MH/s+.

Pitch in your ideas, do you think this is a good idea or is there a better way to build a rig and invest my $30k?

Thanks in advance :)

if you need people to pitch you ideas, you haven't done enough of your own research. 30k to invest and you really haven't got a clue. hell people shouldn't even need to post as well lets face it theres enough ideas here on the forum that you could find them yourself

For $6k for each 12 gpu setup, send your 30k to me and I will send you 5 systems ready to roll...  FREE SHIPPING! LOL  Or just give me your 30k for a mining contract for 1800MH for a 6 month contract.  Your electric would be about $12,000 annually at my low rate of $0.13.

Just buy $30k of ETH and hold on to it.

Where did you read I -need- people to pitch ideas? Last time I checked this is a forum and wanting to debate ideas has nothing to do with having or not having made research.

If there's another topic with debate on investment in such kind of amounts and from this month please let me know, you don't need to be an asshole :)

well, I think I will make slightly different
1. I'd go for some rx570 4g (or 8GB for 15-20$ more) - maybe 2 rigs with them - they will be mining crytpnight coins, there no need to  buy RX 580 which is more expencive and have almost same performance.
2. Then 3 rigs with RX580 for ETH or dual mining
3. Then I'd take 2 rigs with NV1070ti - for other coins that loves nvidia cards, btx, zcoin, neoscrypt and others

Eth is soon pos ,think invest is something else.

I was thinking of the 580 since from what I picked up checking others' benchmarks it had better performance than the 570? And the price difference is kinda negligible.

I'm curious about the nVidias... to be honest from what I've searched it always looks like the 580 seems a better bet overall?

I wasn't really looking into many other coins as much as ETH.

this, soon the world will run to buy eth as holding eth will give enough money as a retirement plan for anybody. Just buy eth and stake it and thank me later when eth goes pos.

I would rather take my money to a bank and collect interests than investing in a pos coin.

Store of value=limited supply

You know there are talks that if you own 1000 eth coins, you will get 100 eth coins or 10% per month by just simply holding them. What kind bank gives you that? In the UK for example, interest is 1% per year, so that is just an example. Now if this will be real once eth goes pos is a different story.

Some talks here about eth going pos https://bitcointalk.org/index.php?topic=2449392.40

So eth will have a %1200/year interest rate. Even a shitty third world country doesnt give a rate like this.

Hopefully you understood what I'm saying.

Look at all the developed countries doesn't give or give so little interest rates. Like Switzerland. Even if they give negative interests, people want to live there, have a bank acc there. That's bitcoin.

All the shitty countries raise their interest rates to attract more investors cuz they don't have anything else to sell. That's ethereum.

Real estate.

Or buy bitcoins. With that budget you'll earn more buying than mining.

It is not 1200% per year, rumors say around 100% per year which will seem to be very attractive if real.

my bad its %120/yearly rate. which is not healthy at all. I dont know how you see it as a good thing.

storing fiat currency in a bank is a losing proposition, from an investment perspective.  the interest rate given by the bank will NEVER outpace central bank inflation of said currency.

Yeah, soon, maybe next december... lol

And when you invest in ETH, it is basically the same thing as investing in a bank cuz, PoS=Interest

Hello, I think you should

1. put 10k in bitcoin over a 3 month period daily cost averaging
2. buy a zen cash node for $1,800
3. build in server cases
            2 x 6 card gtx 1080ti    zcash
            1 x 6 card vega 56       monero
            1 x 8 card rx580          ubiq

then you spread your investment over 3 methods of growth

I think GPU is not the trends right now. Do you ever think of investing in ASIC miner? You can buy a few ASIC miners with $30k, mainly for SHA256 should be good in ROI.

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

The example there is 5%, i think i saw a video use an example of 6%. These are yearly figures. Mining is not a long term solution to anything and will dissapear when better alternatives like Proof of Stake are finalized.

I think in the video i saw, they suggested if 50% of total coins were held staking, and supply was inflated 3% yearly, stakeholders would receive a 6% return. Its a market so it will find its own equilibrium. If only 25% of supply were to stake, that same 3% inflation would result in a 12% annual return.

I have no idea what their final plans are. Figures are only an example

Dont invest on mining .buy 30 k bitcoin or ETH and think for long time 2020

The price of Bitcoin is down right now, buy 2.5 BTC and wait for end of last year where many speculations say it will be 150.000 USD a coin. You can 10 fold your investment if that is going to be true. Of course it is only speculation but look at this year speculation, many people said max the price of bitcoin will be 10.000 USD for this year , yet we seen a steady 19 to 20k dollars per coin.

This is my first option with that amount.

Second one do like you say but better mine Monero with those cards cause you will have a bios mod if you are going to hit 31 Mhash Ethereum, they will work better in Monero.

Price increase due to speculation and scarcity which also decreases its practical usability. $50 transaction fee now and if price goes up 10x, transaction fee will be $500.

That's why nobody will have to use onchain transactions soon after LN goes live.

$100k+ is defintiely possible.

When that happens what's going to happen to all those fast altcoins? R.I.P.

Buy verge for 60% , 20% btc 20% gamble daily trade for fun... when verge reaches 1$ you will be a happy man.. or invest all in verge but u know u gonna have to wait some time for verge to hit dat 1$ mark  8)

I'm not a fan of ASIC mining. Short life span, and it's like a tight closed group running the show. At least with GPU mining it's widespread and the power is still with the people so to speak. Plus, if crypto tanks - you can sell the hardware. If you're an investor (in anything you invest in life) always try to hold on to the asset in some form or another.

I would echo what the above poster said about doing a Zen node but as far as I know, the minimum Z required is 42 coins. Not an expert yet but I'll be figuring it out in the new year.

https://www.reddit.com/r/CryptoCurrency/comments/7ltnff/verge_is_teaching_us_all_something/ really think xvg is gonna hit it?