Hi guys,
I am a new to crypto-currency mining, but I am still willing to start mining in a month. I am planning to invest 50-100K EUR in mining 25-50 GPU mining rigs(6-7 x RX480 i guess) rigs, for Ehtereum/zCash/Monero etc.
I doubt if you can still purchase RX480 with 25-50rigs on that much number, imo, you must planned out how you will purchase those hardware, choose a decent suppliers
I know about difficulty bombs, as well as Casper coming out in late 2018 (hopefully), but according to my calculations I will still get my investment back in about 12-18 months (I guess I can still sell GPU's after (if mining wont be profitable anymore. I know it is a risky investment, but I guess everything in this market is.
If electricity price is not your concern, then you have an advantage, you must calculate it to the least a gpu can get, if not, then dont do mining.
Am I missig something, does anyone have a constructive oppinion why would GPU mining be unprofitable soon for sure? Any advices for a noob like me? What rig components would you suggest? Any oppinions about Nicehash (I only found out about it yesterday, so I dont know a lot about it). Any info is more then welcome. Thanks in advance.
if you have cheap electricity in your area, nothing to worry about it, one good thing about nicehash is that payout is being paid into bitcoin.