I was hoping to order ASICs miners but in every official site it is either out of stock or does not ship to my country (India).
And sites like ebay and amazon sell them for insane prices like around 3x or 4x their original price.
I see a lot of youtube videos using multiple GPUs for mining( like 6 or 8 )...So i was wondering if these people use GPU setup just because they cannot get their hands on an ASIC miner or do they see any benefits from GPUs?
If anyone has any links to legit websites that sell ASIC miners...Ill be pleased to visit them.
On the other hand if i should build a GPU mining setup, can someone experienced help me setup the rig?
And also what are the advantages of having a GPU mining setup over an ASIC miner?
And besides, electricity cost is cheap here..so there is no worries about it.
Mining with an ASIC is synonymous to turning up to a gold mine armed with a trowel and a Bunsen burner. Mining with GPU is like trying to do the above in your back garden. It’s simply not worth it. You’re up against several orders of magnitude faster kit. y the time you make back money for the machines and the immense power you need to keep adding as difficulty increases it ends up a losing battle or a barely profitable battle unless you have tens of thousands to spend on gear and free electricity so buying and holding ends up better. If you were mining years ago when less people were doing it and difficulty was much lower you could have bought heaps of gpu's and made a mint, now companies spend millions on mining so unless you can also it will not be worth it in the long run.