Hey guys. im new to Crypto-Money and started to invest and mining several weeks ago.
Everywhere on the Internet they tell that starting to mine in 2017 isnt profitable anymore...
Actually i can mine with my 4 RX470 100MH/s ... thats a monthly profit of around 150 USD (calculated with electricity price)
So why is it "not profitable" ? in 6 Month i have the money i spent back and after that point its profit. For passive income not bad i think.
Can someone of you explain this "not profitable" arguments?
many people say you can not make money in an effort to trick you into not mining.
I have 28 cards that earn about 1600 per month the power cost is about 300 so I clear over 900 a month.
the gear can be costly to start up.
4 rx 470's = 700 to 800 usd.
1 psu = 100 to 150
1 mobo = 80 to 150
ram = 50
ssd = 50
so 980 to 1100 for a four card rig.
your gamble is will prices hold in your favor.
if they drop a lot you could lose.
if they hold up you can do well
