I could help you with a Revolut Virtual Card, as long as the service you want me to pay is 101% legal. For trust we can use an escrow or Bitrated.

Yes you are right, thank you for correcting me! I've just checked my test Nicehash setup, it does ~$3/day (similar with whattomine.com's results) => 90/mo => $1080/year. That results in a 8.3% profit. I guess that joining a pool would add a 0.5% margin, so let's say that we could reach a 9% monthly profit which is...decent. It's basically similar with a decent FOREX setup (right now I'm making between 5-10%/mo via a MT4 FOREX EA). The advantage with FOREX is that inflation corrodes slower than a GPU (which can be sold or used more than one year), the disadvantage is that you need to risk 10% each second in order to be able to gain 10% each second.

What do you think about a mining rig VS Bitmain?

If you see anything else that is wrong in my calculations please let me know, I'm here to learn.

Hey,

In the last couple of weeks I've began analyzing the market and something "doesn't clicks". Except Bitmain's ASIC miners I couldn't find any way to make a profit with bit/altcoins. Here are some facts.

Mining Rig
- GTX 1080 Ti
- cost: $1100 (GPU only)
- performance: 32 MH/s
- profit: $528/year
=> ROI: 2+ years

Considering the (high) chance of the GPU breaking after warranty, growing difficulty and energy cost, we can safely come to the conclusion that a GPU mining rig will never cover its own costs => ZERO profit.

Cloud Mining
- Genesis Mining
- cost: $2800 for 2 years
- performance: 100 MH/s
- profit: $1650/year

Considering the growing difficulty we come to the conclusion that the ROI is ~2 years => (almost?) ZERO profit.

Renting ASIC
- HashNest
- acquisition cost: $3600
- maintenance: $34/month
- power: $78/month
- performance: 504 MH/s
- profit: $683/month
=> ROI: 6 months

Here we have a $4000/year profit, without considering the difficulty increase. It's really too good to be true, so a second look from your side would be really helpful.

Are my calculations correct or am I wrong?

Thanks,
Razvan

Salut,

De cateva saptamani analizez piata si ceva nu "face click". Cu exceptia ASIC de la Bitmain nu am gasit nimic care sa renteze sau sa-si scoata (candva?) investitia. Haideti sa discutam punctual.

Mining Rig
- GTX 1080 Ti
- cost: $1100 (doar GPU)
- performanta: 32 MH/s
- profit ETH: $528/an
=> ROI: 24 luni

Luand in considerare sansa (mare) ca GPU sa "cedeze" dupa iesirea din garantie, dificultatea crescanda si costul energiei electrice, ajungem la concluzia ca o asemenea configuratie nu s-ar acoperi costul niciodata => profit ZERO.

Cloud Mining
- Genesis Mining
- cost: $2800 (2 ani)
- performanta: 100 MH/s
- profit ETH: $1650/an

Luand in considerare dificultatea crescanda ajungem la un ROI de 2 ani => profit ZERO.

Inchiriere ASIC
- HashNest
- cost achizitie: $3600
- cost mentenanta: $34/luna
- cost energie electrica: $78/luna
- performanta: 504 MH/s
- profit ETH: $683/luna
=> ROI: 6 luni

Reiese un profit de $4000/an, fara a lua in calcul cresterea dificultatii. Sincer mi se pare un profit mult prea bun pentru a fi adevarat, deci m-ar ajuta daca ati verifica si voi aceasta informatie.

Gresesc pe undeva?

Multumesc,
Razvan