Bitcoin Forum

What is the easiest strategy to grow my mining farm slowly? Buy a GPU every two months?

How should someone else know this?

We don´t know how much money you have, we don´t know how much room you have, we don´t know how much GPU´s you want and so on. It all depends on your personal situation.
What is your target?
Buy GPU´s when the price is ok for you. Nothing more can we say.

How much are you making every month? There are crypto miners on YouTube that cares about investing back the money they made from mining, once they have money up to a GPU they buy and keep on mining, this is risky as we can't tell what the fate of PoW algorithm will be in future, if you care less then do the same thing.

The variables are many first of all it depends on whether you want to continue mining after the passage of eth to pos, if so on which altcoin you want to bet, the daily gain, how long do you want to get back your initial investment, your monthly budget and the type of gpu towards which you are oriented

What's your plan? Long term mining after ROI or you don't care about ROI maybe you just want to keep upgrading your farm? I don't see any reason why you asking this question because you should be able to figure this out on your own, I will use myself as an example, I plan to make back half of of ROI and start mining some coins for long term hold.. so what about you op?

Can you please use punctuation marks and use it also in the right way? Not nothing or only comma - all punctuation marks. Its hard to read and understand anything from you.

Thanks

I earn 350$ per month from my mining rig only and I've not make back my initial investment yet, I have more interest in adding more GPU as possible instead of taking the profits for nothing sake since I don't need money for now.

In the next 6 months GPU will be cheaper again and ETH might have lose tons of value, probably back to 1000$ I'm expecting many people to shut down their miners at this time, this is the perfect time to build a mining rig, hold your horses.

First off this is a marathon or better yet a triathlon..

Ie five year window or more.

Second if you are clearing 350 month in three months you have 1050 to send back.

My suggestion is hold coin+cash in a 50-50 ratio.

525 in coin and 525 in cash.

When three months are up decide to get a gpu or not.

Lastly what is you two year or three year plan?

Can you build out to 50 cards?
There is a max amount for location.

My garage has three 240 volt circuits it can do 70 amps about 17kwatts.

but it would be too hot if I ran that much gear unless it is the dead of winter and around 0 c or less.

So I run 2 or 3 kwatts in the summer and 6 or 7 in the winter.

1 kwatt is about 3 rtx 3090 or 8 rtx a4000
2 kwatt is about 6 rtx 3090 or 16 rtx a4000

so can you do 1 or 2 or 3 or 4 or 5 kwatts

and how many are you doing now 1 or 2

do some math. you do 1 kwatt and want to grow to 2 kwatt

this means you can space your growth over 1 year maybe a card every three months.

Now the best strategy is not to rush into buying video cards. If Ethereum mining ends, you will have the opportunity to buy a lot of cheap video cards, only the profit will be minimal. I always bought video cards when the profit from mining was minimal and when the bull season began, then my video cards were already mining cryptocurrency.

Wait for few more months and you won't regret, graphic cards will flood the market at very good price and newer gpus will take over, id still buy the older ones like gtx and rtx2*** if their price is tempting enough, until then peace ✌️.

earning comes first, growing is just an after effect.

yep and in three months he will have around 1050.

Boss what GPU can one buy with 1050$ right now?

I love the AMD 6800 cards, on amazon you can find then at $1170 MSI ones, premiun cooler. You can buy only one.

Isn't 1170$ for 62MH too elevated right now? It's better to get smaller cards with that money and safe some dollars, a gtx1660 super costs 450$ and two of the cards will convey you 62MH.