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October 02, 2017, 10:57:13 PM |
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Hello everyone,
I am new to mining and have noticed from various threads that it seems difficult to generate a profit unless there is a very specific advantage to the mining farm. I am now doing research to figure out how best to make a custom rig to be ahead of the curve. Anyone have good experience with this??
It seems that many people factor in the common expenses such as:
1. Cost of machine
2. Electricity
And that most people do not factor in other important expenses such as:
3. Replacing machine in approx 12 months when newer technology and mining difficulty increases make it redundant
4. Late arrival of equipment; if the 'newest best rig' doesn't arrive until after 6 months then only approx 6 months remain of profitability instead of 12
5. Mining difficulty increases effect on profit over time, decreasing on-going
6. Management of equipment and facility (time is $$$)
7. Security (time is $$$)
8. Storage of equipment (if not running in your basement at home that is)
With the expenses 3-8 above factored in, mining profitably seems difficult. It leads me to researching how to engineer a custom rig to give me an advantage.
Has anyone done something like this before??
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