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

[1715192547]

1715192547

[1715192547]

1715192547

[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.