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Author Topic: I want to invest in mining and have few questions.  (Read 172 times)
ecklol
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March 22, 2017, 05:11:05 PM
 #1

I'm new to this so dont go hard on me please.

I want to invest in mining and I will probably buy 4 x Sapphire RX 470 Nitro 4GB with PRO BTC motherboard. Also electricity cost in my country is low.

1. Is this good setup?
2. Can I expect good profit in next 2 years and can I expect ROI after few months.
3. Do you think it's gonna be profitable for next 2-3 years?

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Civil
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March 22, 2017, 05:27:34 PM
 #2

I'm new to this so dont go hard on me please.

I want to invest in mining and I will probably buy 4 x Sapphire RX 470 Nitro 4GB with PRO BTC motherboard. Also electricity cost in my country is low.

1. Is this good setup?
2. Can I expect good profit in next 2 years and can I expect ROI after few months.
3. Do you think it's gonna be profitable for next 2-3 years?


1. Setup could be good since this series it's pretty popular between miners
2. If you catch some good coins you can breakeven in a day, but imo it doesn't worth to mine 24/7 on a pool, huge diff coins. Try to catch some newly launched ones
3. Yes
mining1
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March 22, 2017, 06:11:26 PM
 #3

Let's assume you mine ether. With 4x 470 at curent token price you'll make about 240$ minus the electricity cost, monthly. Power consumption around 430KW. Maybe around 350KW  minimum if you undervolt cards. So, if your electricity is cheap, let's assume a 200$ monthly profit, best case scenarion. 4x 470+ everything else needed cost around 1000$ best case scenario. Maybe 700$ if everything you buy is used. So, depending on your choices, you will need to mine 4-5 months to get 100% return on investment plus the value of components as used.

For best returns you have to watch the new POW projects that are launching and jump on them immediately, because the difficulty very early is low.
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