$30k to invest - Ideas

[drumtraks]

Hey guys,

I'm pretty new to the mining game (just started with a HF account on SHA256) and I like the idea of contributing to the network instead of just buying coin as an investment.

I have roughly $30k to invest and I would like to hear out your ideas, especially from people who have experience with different builds and cryptocurrencies.

As of now I was thinking of going through in January with 5 rigs consisting of 12 Sapphire RX580 8GB Limited Edition on an ASRock H110 mobo, each. My objective is to mine ETH and I'm counting with steady 30MH/s+.

Pitch in your ideas, do you think this is a good idea or is there a better way to build a rig and invest my $30k?

Thanks in advance

[CryptoWatcher420]

Hey guys,

I'm pretty new to the mining game (just started with a HF account on SHA256) and I like the idea of contributing to the network instead of just buying coin as an investment.

I have roughly $30k to invest and I would like to hear out your ideas, especially from people who have experience with different builds and cryptocurrencies.

As of now I was thinking of going through in January with 5 rigs consisting of 12 Sapphire RX580 8GB Limited Edition on an ASRock H110 mobo, each. My objective is to mine ETH and I'm counting with steady 30MH/s+.

Pitch in your ideas, do you think this is a good idea or is there a better way to build a rig and invest my $30k?

Thanks in advance

if you need people to pitch you ideas, you haven't done enough of your own research. 30k to invest and you really haven't got a clue. hell people shouldn't even need to post as well lets face it theres enough ideas here on the forum that you could find them yourself

[eleceng1979]

For $6k for each 12 gpu setup, send your 30k to me and I will send you 5 systems ready to roll...  FREE SHIPPING! LOL  Or just give me your 30k for a mining contract for 1800MH for a 6 month contract.  Your electric would be about $12,000 annually at my low rate of $0.13.

[malthrax]

Just buy $30k of ETH and hold on to it.

[drumtraks]

if you need people to pitch you ideas, you haven't done enough of your own research. 30k to invest and you really haven't got a clue. hell people shouldn't even need to post as well lets face it theres enough ideas here on the forum that you could find them yourself

Where did you read I -need- people to pitch ideas? Last time I checked this is a forum and wanting to debate ideas has nothing to do with having or not having made research.

If there's another topic with debate on investment in such kind of amounts and from this month please let me know, you don't need to be an asshole

[crocozino]

Hey guys,

I'm pretty new to the mining game (just started with a HF account on SHA256) and I like the idea of contributing to the network instead of just buying coin as an investment.

I have roughly $30k to invest and I would like to hear out your ideas, especially from people who have experience with different builds and cryptocurrencies.

As of now I was thinking of going through in January with 5 rigs consisting of 12 Sapphire RX580 8GB Limited Edition on an ASRock H110 mobo, each. My objective is to mine ETH and I'm counting with steady 30MH/s+.

Pitch in your ideas, do you think this is a good idea or is there a better way to build a rig and invest my $30k?

Thanks in advance

well, I think I will make slightly different
1. I'd go for some rx570 4g (or 8GB for 15-20$ more) - maybe 2 rigs with them - they will be mining crytpnight coins, there no need to  buy RX 580 which is more expencive and have almost same performance.
2. Then 3 rigs with RX580 for ETH or dual mining
3. Then I'd take 2 rigs with NV1070ti - for other coins that loves nvidia cards, btx, zcoin, neoscrypt and others

[szafa]

Eth is soon pos ,think invest is something else.

[drumtraks]

well, I think I will make slightly different
1. I'd go for some rx570 4g (or 8GB for 15-20$ more) - maybe 2 rigs with them - they will be mining crytpnight coins, there no need to  buy RX 580 which is more expencive and have almost same performance.
2. Then 3 rigs with RX580 for ETH or dual mining
3. Then I'd take 2 rigs with NV1070ti - for other coins that loves nvidia cards, btx, zcoin, neoscrypt and others

I was thinking of the 580 since from what I picked up checking others' benchmarks it had better performance than the 570? And the price difference is kinda negligible.

I'm curious about the nVidias... to be honest from what I've searched it always looks like the 580 seems a better bet overall?

I wasn't really looking into many other coins as much as ETH.

[Metroid]

Eth is soon pos ,think invest is something else.

this, soon the world will run to buy eth as holding eth will give enough money as a retirement plan for anybody. Just buy eth and stake it and thank me later when eth goes pos.

[mindrust]

Eth is soon pos ,think invest is something else.

this, soon the world will run to buy eth as holding eth will give enough money as a retirement plan for anybody. Just buy eth and stake it and thank me later when eth goes pos.

I would rather take my money to a bank and collect interests than investing in a pos coin.

Store of value=limited supply

[Metroid]

I would rather take my money to a bank and collect interests than investing in a pos coin.

Store of value=limited supply

You know there are talks that if you own 1000 eth coins, you will get 100 eth coins or 10% per month by just simply holding them. What kind bank gives you that? In the UK for example, interest is 1% per year, so that is just an example. Now if this will be real once eth goes pos is a different story.

Some talks here about eth going pos https://bitcointalk.org/index.php?topic=2449392.40

[mindrust]

I would rather take my money to a bank and collect interests than investing in a pos coin.

Store of value=limited supply

You know there are talks that if you own 1000 eth coins, you will get 100 eth coins or 10% per month by just simply holding them. What kind bank gives you that? In the UK for example, interest is 1% per year, so that is just an example. Now if this will be real once eth goes pos is a different story.

Some talks here about eth going pos https://bitcointalk.org/index.php?topic=2449392.40

So eth will have a %1200/year interest rate. Even a shitty third world country doesnt give a rate like this.

Hopefully you understood what I'm saying.

Look at all the developed countries doesn't give or give so little interest rates. Like Switzerland. Even if they give negative interests, people want to live there, have a bank acc there. That's bitcoin.

All the shitty countries raise their interest rates to attract more investors cuz they don't have anything else to sell. That's ethereum.

[BitBustah]

I have roughly $30k to invest and I would like to hear out your ideas, especially from people who have experience with different builds and cryptocurrencies.

Real estate.

Or buy bitcoins. With that budget you'll earn more buying than mining.

[Metroid]

So eth will have a %1200/year interest rate. Even a shitty third world country doesnt give a rate like this.

It is not 1200% per year, rumors say around 100% per year which will seem to be very attractive if real.

[mindrust]

So eth will have a %1200/year interest rate. Even a shitty third world country doesnt give a rate like this.

It is not 1200% per year, rumors say around 100% per year which will seem to be very attractive if real.

my bad its %120/yearly rate. which is not healthy at all. I dont know how you see it as a good thing.

[malthrax]

Eth is soon pos ,think invest is something else.

this, soon the world will run to buy eth as holding eth will give enough money as a retirement plan for anybody. Just buy eth and stake it and thank me later when eth goes pos.

I would rather take my money to a bank and collect interests than investing in a pos coin.

Store of value=limited supply

storing fiat currency in a bank is a losing proposition, from an investment perspective.  the interest rate given by the bank will NEVER outpace central bank inflation of said currency.

[steve666]

Eth is soon pos ,think invest is something else.

Yeah, soon, maybe next december... lol

[mindrust]

Eth is soon pos ,think invest is something else.

this, soon the world will run to buy eth as holding eth will give enough money as a retirement plan for anybody. Just buy eth and stake it and thank me later when eth goes pos.

I would rather take my money to a bank and collect interests than investing in a pos coin.

Store of value=limited supply

storing fiat currency in a bank is a losing proposition, from an investment perspective.  the interest rate given by the bank will NEVER outpace central bank inflation of said currency.

And when you invest in ETH, it is basically the same thing as investing in a bank cuz, PoS=Interest

[dinkydow]

Hello, I think you should

1. put 10k in bitcoin over a 3 month period daily cost averaging
2. buy a zen cash node for $1,800
3. build in server cases
            2 x 6 card gtx 1080ti    zcash
            1 x 6 card vega 56       monero
            1 x 8 card rx580          ubiq

then you spread your investment over 3 methods of growth

[btcneodev]

I think GPU is not the trends right now. Do you ever think of investing in ASIC miner? You can buy a few ASIC miners with $30k, mainly for SHA256 should be good in ROI.