Investing upto 20k USD on ethereum mining

[coinsmafia]

Me and a friend of mine has made up plans[Managed funds]to start ethereum mining with at least $20k
Which Hardwares,Gpus would you suggest for us to build our rigs.
Also please provide your tips on mining as this is our first time,
and also suggestions on Ethereum,Mining,its future and sustainability

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[Usainbot]

The difficulty is rising fast. So after you spend the $20k and build the rig, it might not be profitable any more.

[adaseb]

He is correct. You missed the boat. You should of started in January.

Right now you are better off buying the ETH coin instead.

[antantti]

I wouldn't do it anymore but you never know... quote from 2011:

As a college student, I pay no electricity bills living on campus, therefore all of those points are moot. Over the past month I have broken even on my two 5870s, which I can easily sell back on eBay if I need the cash. From here on out running my PC 24/7 is pure profit for me, regardless of if I make 1 BTC per day or 10 BTC per day.

Bitcoin mining should NEVER be seen as a viable source of income, but if you can make it slightly profitable, it might pay for your lunch once a week. That's good enough for me, but people with grand schemes of making tons of money mining have missed the boat completely at this point. Personally I believe the BTC/USD bubble will pop soon as well, as soon as people realize that there aren't that many advantages to using this currency.

[Tmdz]

Price can suddenly change at anytime such as bitcoin/ ethereum has and profit can suddenly jump but if it remains steady there will be nothing but diminishing returns.  So with that you have to realize that mining difficulty will be ever increasing and coin price will be the only thing to make it profitable.  Essentially you're mining with a BIG bullish speculative outlook that the price will rise.

Managed funds sounds as you are managing other peoples funds for a ether mining "investment"  basically you pay them some small percentage over time for a certain amount of time.  So if mining goes to shit you basically don't give a flying F8%$ if you lose all of their money.  Ok well start reading up on the forums, there is page after page of pools, hardware, mobos, everything you need is within reach of the search button.

Personally I find it amazing that people ask these kinds of questions without ever running a single gpu miner pointed to a pool on their pc before saying ok I want to get X amount of funds to invest in this.  How do they even know if they can do the setup in the first place 

[bigs21024]

wow that is big money but mine smaller alts like start peercoin and others and sell you will do better

[e6ug]

Too late bud.   

[Liquid71]

ethereum will go PoS before you ROI

[Ayers]

He is correct. You missed the boat. You should of started in January.

Right now you are better off buying the ETH coin instead.

this si wrong, you only missed the ethereum boat, there will be other boats in the future, so buy your rig now, and if it is not profitable shut it down and wait for better times, it will be profitable one day

ethereum will go PoS before you ROI

ethereum is not the only profitable coin

[adaseb]

Jesus Christ

There are way too many noobs here.

It doesn't matter if ETH is the most profitable coin today or tomorrow. When ETH is no longer profitable, neither will any of the other coins, since they have no market caps.

The only coin that's as profitable as ETH is BTC but those you mine with ASICS.

Here is a recap. Before ETH, the most you would of ever made mining with a GPU is around $0.15 a day (assuming free electricity). Don't believe me look at Nicehash past charts.

We are all on limited time here. It will never be as good as it is today.

[Kalder]

After Ethereum becomes not profitable, the GPUs will flood other profitable coins and make them not profitable.

[Ayers]

Jesus Christ

There are way too many noobs here.

It doesn't matter if ETH is the most profitable coin today or tomorrow. When ETH is no longer profitable, neither will any of the other coins, since they have no market caps.

The only coin that's as profitable as ETH is BTC but those you mine with ASICS.

Here is a recap. Before ETH, the most you would of ever made mining with a GPU is around $0.15 a day (assuming free electricity). Don't believe me look at Nicehash past charts.

We are all on limited time here. It will never be as good as it is today.

again this is wrong, because jackpotcoin was more profitable than ethereum and auroracoin was more profitable than jackpotcoin, so you see it's not like ethereum was the only profitable coin since 2013, instead it is the less profitable, better "etehruem" will come in the future

[Charloz24]

I think the best thing to do now for someone that want to try mining ether is by leasing a rig (let me explain why). You invest much less to get some mining return, VS having to build a PC and try to find GPU that are NOT OVER valued. Also, when renting, you are not contributing at upping the hasrate, and then the difficulty, because these rig are already mining ethereum when they are not leased.

[Kalder]

I think the best thing to do now for someone that want to try mining ether is by leasing a rig (let me explain why). You invest much less to get some mining return, VS having to build a PC and try to find GPU that are NOT OVER valued. Also, when renting, you are not contributing at upping the hasrate, and then the difficulty, because these rig are already mining ethereum when they are not leased.

The biggest rig leasing place is the nicehash, but you cannot lease hashing power there. Is there another one?

[fr4nkthetank]

Jesus Christ

There are way too many noobs here.

It doesn't matter if ETH is the most profitable coin today or tomorrow. When ETH is no longer profitable, neither will any of the other coins, since they have no market caps.

The only coin that's as profitable as ETH is BTC but those you mine with ASICS.

Here is a recap. Before ETH, the most you would of ever made mining with a GPU is around $0.15 a day (assuming free electricity). Don't believe me look at Nicehash past charts.

We are all on limited time here. It will never be as good as it is today.

Hey I dont believe you   just joking, but do you have a link for some nicehash charts of past $ ?  you got me curious.

[RealRimlin]

Me and a friend of mine has made up plans[Managed funds]to start ethereum mining with at least $20k
Which Hardwares,Gpus would you suggest for us to build our rigs.
Also please provide your tips on mining as this is our first time,
and also suggestions on Ethereum,Mining,its future and sustainability

Why not, they can mine other GPU altcoins

[Charloz24]

I think the best thing to do now for someone that want to try mining ether is by leasing a rig (let me explain why). You invest much less to get some mining return, VS having to build a PC and try to find GPU that are NOT OVER valued. Also, when renting, you are not contributing at upping the hasrate, and then the difficulty, because these rig are already mining ethereum when they are not leased.

The biggest rig leasing place is the nicehash, but you cannot lease hashing power there. Is there another one?

Yes

https://www.miningrigrentals.com/

[superiorus]

The best option is to buy a Ethereum mining contract:  Here
They have the best prices (better than Genesis and others)
You can buy Ethereum 10MH for just 315$  (valid 1 year, all costs included, no maintenance fee)
Also I can provide you a coupon to get a 10% discount this month (April)

[Marvell1]

I think the best thing to do now for someone that want to try mining ether is by leasing a rig (let me explain why). You invest much less to get some mining return, VS having to build a PC and try to find GPU that are NOT OVER valued. Also, when renting, you are not contributing at upping the hasrate, and then the difficulty, because these rig are already mining ethereum when they are not leased.

The biggest rig leasing place is the nicehash, but you cannot lease hashing power there. Is there another one?

dont waste your money with cloud mining either mine with your own hardware or stay out

think about it why would they lease you hashrate and not make a profit off it ? That in turn eats into your profits from the contract and you end up snake eyes.

[Zacudis]

I think the best thing to do now for someone that want to try mining ether is by leasing a rig (let me explain why). You invest much less to get some mining return, VS having to build a PC and try to find GPU that are NOT OVER valued. Also, when renting, you are not contributing at upping the hasrate, and then the difficulty, because these rig are already mining ethereum when they are not leased.

The biggest rig leasing place is the nicehash, but you cannot lease hashing power there. Is there another one?

dont waste your money with cloud mining either mine with your own hardware or stay out

think about it why would they lease you hashrate and not make a profit off it ? That in turn eats into your profits from the contract and you end up snake eyes.

Cloud mining will make the mining operators guarranteed amount of money and you take all the risks.

[rent.mineoncloud]

We are selling pre order for contract eth on our website https://mineoncloud.com
Also rig ready to mine ETH
And in few day cloudmining on http://rent.mineoncloud.com

Good mining !

[adaseb]

We are selling pre order for contract eth on our website https://mineoncloud.com
Also rig ready to mine ETH
And in few day cloudmining on http://rent.mineoncloud.com

Good mining !

Contract 10Mh/s Ether 12 month mining

Pre order you mining contract mining ethereum the future is already here !

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369,00€




Nice, 2 years ROI

[jadefalke]

The best option is to buy a Ethereum mining contract:  Here
They have the best prices (better than Genesis and others)
You can buy Ethereum 10MH for just 315$  (valid 1 year, all costs included, no maintenance fee)
Also I can provide you a coupon to get a 10% discount this month (April)

That site is already non existent anymore...

[fr4nkthetank]

Cloud mining = scam.  And there are different levels of scam.  They go from we take your money and laugh, to we "pay" out using other peoples funds (pyramid scheme) to we actually mine and pay out

[parmatiya]

We are selling pre order for contract eth on our website https://mineoncloud.com
Also rig ready to mine ETH
And in few day cloudmining on http://rent.mineoncloud.com

Good mining !

That is the similar price to the genesis mining, so it is not profitable for us if the difficulty rises again.

[singular]

https://www.nicehash.com/index.jsp?p=gpufarmrental

[CorePrime95]

I haven't seen any ether cloud mining that is not overpriced. It is much cheaper to just buy the hardware yourself.

[Coryvmcs1]

I haven't seen any ether cloud mining that is not overpriced. It is much cheaper to just buy the hardware yourself.

Better to invest in buying the equipment yourself. I have started our farm from a single rig with 6 gpu's and now finishing up the second rig with 6 gpu's. The ROI will be about 4 months at current price give or take a month. We do it because well mining is addictive and fun. I started mining and got some friends involved and showed the the ROI so they invested in my project and I will continue to keep building the farm out. If ETH POW stops I will move onto another one and keep mining. As long as crpyto lives there will be mining and as long as BTC survives there will always be others to mine. Everything revolves around BTC. Unfortunately we all can't afford the HUGE mining farms to directly mine BTC as some of these other ones do but there is plenty out there to hash away at. 

[fr4nkthetank]

DONT do cloud mining or whatever, best you can do is rent hashrate on nicehash or other website.  IF you do decide to invest 20k (sigh) in video cards...well...just make sure you thought of the heat and electric situation.  3 high end cards keep my garage nice and warm, 8 would make it a tropical zone, temperate in winter.  imagine having 40....you would need to evacuate all that heat...its a problem.

[superiorus]

The best option is to buy a Ethereum mining contract:  Here
They have the best prices (better than Genesis and others)
You can buy Ethereum 10MH for just 315$  (valid 1 year, all costs included, no maintenance fee)
Also I can provide you a coupon to get a 10% discount this month (April)

That site is already non existent anymore...

It is working fine for me.

[Xdragon]

After Ethereum becomes not profitable, the GPUs will flood other profitable coins and make them not profitable.

Couldn't agree more. ETH is probably last gift for GPU miners, one last farewell before  GPU mining eventually die. Noobs should be very carefull with their investment.

[Amph]

After Ethereum becomes not profitable, the GPUs will flood other profitable coins and make them not profitable.

Couldn't agree more. ETH is probably last gift for GPU miners, one last farewell before  GPU mining eventually die. Noobs should be very carefull with their investment.

same shit was said, when litecoin was still profitable and for jackpot coin and for the whole cryptoscene, guess what? we are here mining ethereum now, you really think this is the death of this section? the last resort?

another shitcoin will come next year guaranteed, just wait, and mine etheruem while it is still profitable

[sanadas]

After Ethereum becomes not profitable, the GPUs will flood other profitable coins and make them not profitable.

Couldn't agree more. ETH is probably last gift for GPU miners, one last farewell before  GPU mining eventually die. Noobs should be very carefull with their investment.

same shit was said, when litecoin was still profitable and for jackpot coin and for the whole cryptoscene, guess what? we are here mining ethereum now, you really think this is the death of this section? the last resort?

another shitcoin will come next year guaranteed, just wait, and mine etheruem while it is still profitable

That is right. I sold most of my gears early last year. I started to buy and build new rigs now. I will keep them.

[Ayers]

After Ethereum becomes not profitable, the GPUs will flood other profitable coins and make them not profitable.

Couldn't agree more. ETH is probably last gift for GPU miners, one last farewell before  GPU mining eventually die. Noobs should be very carefull with their investment.

same shit was said, when litecoin was still profitable and for jackpot coin and for the whole cryptoscene, guess what? we are here mining ethereum now, you really think this is the death of this section? the last resort?

another shitcoin will come next year guaranteed, just wait, and mine etheruem while it is still profitable

That is right. I sold most of my gears early last year. I started to buy and build new rigs now. I will keep them.

same thing mate, i will not sell mine anymore, there is much profit to be made here, even if there are long dead time, eventually profitable time will come, you need patience here, just like in trading

[Dum3]

20k usd invested in ethereum right now its madness,unless you get power for free and even then too risky....

[bugsywugsy]

Looks like I might be able to get a cheap used GPU in the near future  with all these GPUs hastily bought to mine ETH, which was an obvious bubble

[sanadas]

Looks like I might be able to get a cheap used GPU in the near future  with all these GPUs hastily bought to mine ETH, which was an obvious bubble

If the price drops 20% and the difficulty rises 100%, most of the miners will not be profitable. The difficulty is rising too fast.

[LadangGalau]

Ethereum is not really profitable. You might never see your money back. A better option would be to buy coins which are PoS or creating Dash masternodes.

[Unacceptable]

Ethereum is not really profitable. You might never see your money back. A better option would be to buy coins which are PoS or creating Dash masternodes.

I've made 20 eth since March 10th,about .40 BTC,with 1 7970 & 1 380 4gig 

Income has slowed a little,but I'll ROI my shiny new 380 in 1 more week,my 7970 paid for itself with BTC/LTC/DOGE/FTC mining almost 2 years ago 

So,I have another PC just waitin for another vid card,maybe near the end of the month I'll get another one 

[sanadas]

Ethereum is not really profitable. You might never see your money back. A better option would be to buy coins which are PoS or creating Dash masternodes.

Is the number of Dash masternodes limited? If not limited and many people can create, then the profit is low.

[Amph]

Ethereum is not really profitable. You might never see your money back. A better option would be to buy coins which are PoS or creating Dash masternodes.

I've made 20 eth since March 10th,about .40 BTC,with 1 7970 & 1 380 4gig 

Income has slowed a little,but I'll ROI my shiny new 380 in 1 more week,my 7970 paid for itself with BTC/LTC/DOGE/FTC mining almost 2 years ago 

So,I have another PC just waitin for another vid card,maybe near the end of the month I'll get another one 

same 22 ethereum 0.5 total or more because i've sold half at 0.027 and not at today price, but right now it's not profitable as before, diff too high, the diff peak is shooting to 3k soem times

[sanadas]

Ethereum is not really profitable. You might never see your money back. A better option would be to buy coins which are PoS or creating Dash masternodes.

I've made 20 eth since March 10th,about .40 BTC,with 1 7970 & 1 380 4gig 

Income has slowed a little,but I'll ROI my shiny new 380 in 1 more week,my 7970 paid for itself with BTC/LTC/DOGE/FTC mining almost 2 years ago 

So,I have another PC just waitin for another vid card,maybe near the end of the month I'll get another one 

same 22 ethereum 0.5 total or more because i've sold half at 0.027 and not at today price, but right now it's not profitable as before, diff too high, the diff peak is shooting to 3k soem times

The difficulty rise  resumes after a few days pause. It is 35T now. Most of us will not be profitable in a few months.

[Jouliancoin]

Me and a friend of mine has made up plans[Managed funds]to start ethereum mining with at least $20k
Which Hardwares,Gpus would you suggest for us to build our rigs.
Also please provide your tips on mining as this is our first time,
and also suggestions on Ethereum,Mining,its future and sustainability

Wow! 20k is a lot of money 

I would recommend AMD graphics cards e.g. R9 290x. Here is a mining guide for pool-minig: http://etherbasics.com/tutorials/ethereum-mining-pool-tutorial.html

It might help you.

[sadasa]

$20k is a lot of money. If you have not invested it, it is better to wait a month or two to get the latest more efficient cards.

[Usainbot]

$20k is a lot of money. If you have not invested it, it is better to wait a month or two to get the latest more efficient cards.

So far, the information about the new efficient card from nVidia is not so encouraging. It is slower than expected.

[parmatiya]

I hope the new cards from the AMD can work better than their existing 390 cards and priced cheaper.

[sanadas]

I hope the new cards from the AMD can work better than their existing 390 cards and priced cheaper.

They may not be cheaper, but will definitely consume less power. They have smaller die size, 14 nm.