Hello
I want to start mining altcoins in UK.
I don't know to much about this,but i need to start with something.For now,i don't really care how much money i will make.I just want to start.
I have around £5,000 to invest.I want a system who can run from my home,easy to setup and running.
I want this system to be able to mine more the 1 altcoins.I looked around and i see they are dedicated systems for just on e coin(bitcoin,litecoin...)I don't want that.I want to have the possibility to chosse every day,if i want,what kind of altcoin to mine.
Can anyone help me with this?
Thanks
I mine in the UK was lucky enough to get some vegas when the were first released and am looking to build another miner sometime soon so have been looking at what cards to go with. First choice is AMD or NVIDIA, from my experience to get best performance from AMD cards BIOS modding is usually required whereas NVIDIA cards are good with a bit of tuning so if bios modding isnt your thing then i would go for NVIDIA ( Vegas would still be first choice for me for profitibilty even without bios modding for Monero anyway ). NVIDIA cards are also more profitable over many different algos whereas AMD cards are better for specific coins. With a £5000 budget you could build a miner with any 6 GPUs you like, although maybe possible to build 2 miners one with AMD RX570/580 and the other with 1060 6gb/1070. Be aware tho that the cards i mentioned before will have the least resale value if the time ever come to sell up. A rig with 1080s is likely to be profitable for much longer than rx5xx/gtx1060 and easier to sell. Personally i would stick to 6 cards max per rig to avoid unnecessary headaches and minimise downtime ( first time round anyway ).
Forget it, electricity in the UK is expensive, do not waste your time, use the money to buy the altcoins you want, that way will be many times more profitable, the alt coins are rising many times more than any mining you will ever do and in the end you will see you did the right thing. Buy and hold.
^^This is true in my case, holding wouldve made 10x what i have from mining. Electricity isnt too big an issue though 13p/KWH is manageable