Thanks for all the help guys.
roi in four months or so you gotta be kidding me
there is nothing out there like this except for the time when d3 released and people who got them in first batches
wether you buy asic or gpu min roi time is 12 months give or take
go for asic if you dont want to invest much time in researching and solving stability issues
ASIC seems to be the way to go as I am an AE major so time for troubleshooting is not something I have a lot of. I just used the nicehash and the litecoinpool.org calculators. I know these are inherently inaccurate as they do not project future depreciation but I was estimating 500-800 USD monthly. I'm guessing I'm dead wrong...what would be a more realistic estimate?
Look carefully at your university room contract, usually they include a fair usage energy consumption indication, and the violation if it could result in extra charge
Believe me, I checked. No such stipulation. There are two breaker circuits in my room each capable of ~2400 watts. So theoretically I could run four L3+'s taking into consideration the current hardware that is plugged in.
Checkout high staking return coins or masternode coins instead, no gear to buy, no excessive energy use.. Just passive income via crypto.. It's cool, don't know why more people aren't getting into it.
This is the first I'm hearing about this. From some quick research, it seems as though masternode's are ridiculously expensive (200k for $Dash???) and cheaper options such as $Excl have negligible returns and bank heavily on the success of the coin over long periods of time. Do correct me if I'm wrong on this...
As for staking, I'm really confused how this works. As far as I can tell you're getting paid for publicly displaying your wallet? Doesn't BTC do this? How the hell do coins sitting in a wallet help a coin solve transactions?
Do you trust your room neighbors? This "free" could make you much problems in future
And Antminer L3 is quite noisy equipment. How will you sleep near?
My roommate is considering getting into mining himself but with GPU's as he doesn't have the capital for a larger investment. As far as noise in concerned, I have a sound"proof" box I built for a 3D printer. It is ventilated of course but will significantly lower the noise.
###########
So what I'm getting is that an ASIC is the best bet for mining (at least for my use case) but may not be the most effective investment compared to staking. So if I put $2200 into POSWallet or whatever what could I expect to get monthly in comparison to a L3+? And it seems some people start off with a miner and put the coins directly into staking. Interesting concept but I don't fully understand it. From what I can tell you need a crap ton of coins for staking to be a viable investment. Thanks again for all the help so far.
