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There is no guarantee of profit in mining. Even with the explosive growth in mining equipment, profit from GPU mining is at an all time high from the high in BTC and explosive market cap growth in alts. It's predictable that at some point the market will normalize and the profits will not be the same. What GPU mining has shown is that it always prevails as new coins and technologies look for new ways to leverage the huge adoption that GPU POW mining has and that is only likely to grow in the future.
So investing in a rig now with some good cards 1070 or 1080ti - should yield something for atleast a year? mining some coin or the other?
...Checking my crystal ball.. ..try again later it says.. haha
No one can predict that. Last time BTC hit an all time high it crashed within 3 months following that high.
For all we know this is the new sustainable avg price or it gets bad press and crashes again or someone else adopts it and it skyrockets higher..
Regardless of what happens, this is what you have to look at;
Do you have money to spend/risk on this gamble as it less like stocks and more like gambling.
Can you afford the equipment and the power bill as it is a risky investment. Some people have taken out loans and over extended themselves for mining equipment and if this bubble pops they will be on the street. I am in the same boat as you, starting at 0 today is tough.
I had the 2k to burn on the rig i just bought, hell I have the money for a small 5 rig farm.. I am just too cautious. I have an exit strategy if mining with gpu ends tomorrow.. I have a nice (2) 1080ti rig and I can afford it.. If I had 5 rigs.. then I would be in trouble. Regardless, this time I am mining and holding for the foreseeable future. ROI is about 4 months.. I would hope we can get that. Anything more than that would be gravy..
Just my 2 cents.. good luck.
You make a valid point and have a good exit strategy. Too bad i didnt get on this earlier but i still see hope in this. As long as the value of the coin rises with difficulty - then thats good too, just need more coins to be minable and more adoption..roi is first goal..
