So, i've recently got really fascinated by mining, started off thinking i could mine bitcoins but boy i was wrong. So i figured i could mine altcoins.
So i found on eBay a Gridseed Blade Package 5.2-6MH/s power consumption between 80 and 100W. I currently pay 0.22 € per Kw/h. I've been trying to find what the average hash rate one needs to have to make ROI but haven't found anything consistent.
So since i'm kind of a noob, i'm asking you: is this getting me somewhere?
If you would like to start mining as a side project or hobby I guess this is an alright start.
Sadly you will likely never see a return on your investment given that your energy costs seem quite high.
If you'd like to dabble with mining altcoins or just want to have some fun while learning to mine.. Go for it!
Nut do not expect to get rich or even profit with such a small setup (Unless of course you get lucky mining a new coin)