Hi! I am M1rage and I'm new on this forum.
I trade stocks for a while now, but in addition to that I would very much like to start a mining project. For fun and of course for some ROI. I'm based in Amsterdam, so electricity is expensive here with €0.23 per kWh.
My current thoughts are to build or buy a mining rig with the goal to break-even after 1 year and ultimately to make a little profit after that. My budget to invest is between €3k - €5k. I have very little knowledge about mining, but some knowledge about gaming rigs. I am learning at the moment and I hope to learn more from your opinions and advice.
Right now I've learnt about the basic elements: ASIC's vs. GPU rigs, the current high price of new GPU's, my high electricity price, the risk of POW changing into POS etc.
I am still open to all kinds of options. But my main question is: Do you think my goal of breaking even in 1 year is realistic at this time? If yes, what would you do if you were in my situation?
I would love to hear your unsalted opinion and/or advises!