@MinerPath: I don't have proper hardware and I am considering buying some. Although, I want to start rather slow. Lets say I start with a $2.000 budget. Any suggestions on hardware?
Managed well which cryptocurrency you would like to mine don't calculate just for today, your return of income will depend on the price of the coin that you wanted to mine so look for a coin that you think will increase soon in order to recover your investment to your equipment also don't forget the electricity consumption for the time you have started mining.
The most profitable coin I think is the new coin since the difficulty is low but the risk is the coin might not be valuable for a long term so carefully pick a new good coin to mine.
You can mine ETH for now and hold it and wait for the ETH's value to increase.
Very good points! It seems quite a few people here thinks ETH will be a good investment. Any pointers how to pick a new coin with low difficulty, or maybe even a suggestion of a few coins to consider?
Mining on windows won't get you locked with a single currency in fact I prefer windows over Linux because of its simplicity, using Linux to mine will give you more headache compare to using Windows
I didn't know that Windows is considered more flexible an easy to handle when mining. I am much more experienced with Linux then Windows, but of course I can handle Windows as well. As far as I can understand there are some Linux OS dedicated to mining that are free for hobby mining, but if you experienced people suggest Windows I will certainly consider Windows.
So, you can gain money mining, start with a GPU rig, and if it's possible, with a Ryzen processor, you'll mine with GPU and CPU, this way you'll be more efficient, you'll not waste the CPU power
You can mine with Nicehash, the easiest way to mine, and if you like and want to gain more you can mine the coin directly, and tweak you card and CPU to achieve better efficiency
If you need help with hardware, we are here
What hardware do you suggest if I have a $2000 budget and putting things together myself, using a Ryzen processor and a GPU rig? Do you think I also should consider purchase a complete system rather?
Nicehash seems to be a good option. I will have a look and read up on Nicehash.
@Lafu: I am in the procsess to read up on cryptocurrencies, but feel free to suggest some good neewbie reading.
If you are new you can start with GTX 1060 because they are reasonable in cost and can perform better on GPU minable coins, you can also check all the information about how much you will make with these on what to mine.
GTX 1060's is about $200 here and that seems reasonable to me.
Show Posts
