Altcoin mining - worth it?

[BassBoostOfficial]

Hi there!

I'm currently living on a apartment in Finland with extremely low electricity costs. I was wondering if I should invest a flat amount in mining hardware, to produce stable income passively.

Simple questions, simple answers.

- How much would I need to invest for a stable 3-5$ profit daily?
- What is the risk margin?
- What miners would you recommend?

Thanks.

[1715387493]

1715387493

[1715387493]

1715387493

[1715387493]

1715387493

[1715387493]

1715387493

[1715387493]

1715387493

[eaLiTy]

Hi there!

I'm currently living on a apartment in Finland with extremely low electricity costs. I was wondering if I should invest a flat amount in mining hardware, to produce stable income passively.

Simple questions, simple answers.

- How much would I need to invest for a stable 3-5$ profit daily?
- What is the risk margin?
- What miners would you recommend?

Thanks.

since you mentioned that the price of electricity is low ,you could mine alt coins,it depends upon which coin you have decided to mine and which graphic card you are willing to purchase ,so you can calculate the price accordingly ,the difficulty level in mining keeps on increasing with time so it is a high risk high margin kind of scenario .

[talkbitcoin]

i wanted to mine myself but i have never tried it because of the costs so i can't give you detailed reply to your questions but what i can do is to introduce you to this site called http://www.coinwarz.com/cryptocurrency which also has mining calculator which can help you decide on the profits of mining cryptocurrencies.
example for eth: http://www.coinwarz.com/calculators/ethereum-mining-calculator

[robelneo]

We have a section for miners here and an altcoin section,with so many coins flooding the market,I highly recommend that you only mine coins that are for long term,usually coins from the top ten in coinmarketcap..

[densuj]

I think you can make investment into VGA cards and try mining ether coins are like ETC, ETH and other coins. It is more better than mining hardware sha256, although the VGA cards must be upgraded because of difficulty of coins  always increase every time. So make sure you have got return of investment.

[rapazev]

Hi there!

I'm currently living on a apartment in Finland with extremely low electricity costs. I was wondering if I should invest a flat amount in mining hardware, to produce stable income passively.

Simple questions, simple answers.

- How much would I need to invest for a stable 3-5$ profit daily?
- What is the risk margin?
- What miners would you recommend?

Thanks.

zcash mining will bring you easily this 3-5$ daily. BUT it will be temporarily. Zcash is in slow mining and the price is going down fast.
After the slow mining you might be able to do more than 3-5$ mining ETH/ETC/XMR or another altcoin of your choice(maybe even zcash, but it's hard to predict if it's gonna be profitable).

i do some mining but i like to "gamble" with it. generally i mine some sh*tcoin at start and sell it if it pumps. great profits but doesnt work every time.

[electronicash]

Mining bitcoin may not be a good option. there are just tons of huge companies mining it.
Mining ETH, Monero and Zcash perhaps is very profitable in such region.
If I just live there or maybe in situan mountains of China, I may be able to simply just lay around, party for some time and let my machines work for me.   

[Robertqueen2]

Maybe you ask these questions in mining section, where you can find members who are interested in mining altcoins, but I am sure that the country you are living in is very good location for mining, because the weather there is cold, in addition to the cheap electricity like you mentioned.