is it late to invest 30.000$ in a mining farm?

[sassouqui1]

Hello everyone,

i'm gonna have 30.000$ in 3 months (april 2018) and i'm wondering if it will still worth it to invest them in a mining farm

personally, i believe in the cryptocurrency so bad, but i need real proof & reassuring facts cuz like all of us know, it can go up and it can go down sooo bad

anyone can help me so i can plan for it for the rest of the 3 months ?

thank you

[Max_Bvr]

I want to say that its never too late but no one knows ^^

At the moment I'm investing in mining tho, there are new coins and new projects everyday

[Metroid]

yeah too late, buy eth and return to see your 10 times profit when eth go pos in few months. Also pay attention that as eth goes pos, mining profit might crash hard.

Check the profit of all coins to date, if mining gave a return of 1x then buying and hold gave a profit of 1000x, mining is a waste of time.

For example, eth was 300 usd 1 month ago, now is around $1100, so if you had bought eth, right now your profit would be almost 4x or 400%, while mining would have given you only 15% maximum.

There is no point mining, eth was 1 usd 2 years ago, mining would have given you around 300% during the 2 years, while buying and hold would have given you 50000%. Pay attention that as the price goes up, mining difficult goes up so meaning, mining will never be as profitable as buying and hold, mining lag your profit while holders are the only winners.

[sassouqui1]

Metroid :
there is so much crypto to mine, why are talking about eth only ? even now, it's not the most profitable ... and i think that mining profit will go up when eth will go to pos

Max_Bvr :
i'd like to say like you too but there is new tax regulation in the US, nex rules in china, ban in other country  etc ...

[Metroid]

Metroid :
there is so much crypto to mine, why are talking about eth only ? even now, it's not the most profitable ... and i think that mining profit will go up when eth will go to pos

That is 30k usd, too much work if mining and the profit will never be as buying and hold. Mining is a waste of time.

[NetopyrMan]

Metroid :
there is so much crypto to mine, why are talking about eth only ?

coz eth will be POS in couple of months and what will do billions of amd (and nvidia) gpus? .....

[flip4flop]

First you need to try and locate 30k worth of cards, boards and PSUs. Hope you know a good distributor as most places limit quantities to one or two right now. If you can even find GPUs

[dagarair]

yes its too late for joo.  Buy coins leave mining to us.

[Metroid]

yes its too late for joo.  Buy coins leave mining to us.

Is not leave the mining to us, you should have said, leave the mining to idiots who are stuck with mining and cant use the money to buy coins cause a simple research will tell that mining is a waste of time, if miners have used the money to buy coins then their profits would be many many many many many times more and hassle free.

ETH will soon be unminable and the only route to amd users is equihash or cryptonight and imagine the load with all those cards. profitability will crash so hard.

[GaryH]

yes its too late for joo.  Buy coins leave mining to us.

Is not leave the mining to us, you should have said, leave the mining to idiots who are stuck with mining and cant use the money to buy coins cause a simple research will tell that mining is a waste of time, if miners have used the money to buy coins then their profits would be many many many many many times more and hassle free.

ETH will soon be unminable and the only route to amd users is equihash or cryptonight and imagine the load with all those cards. profitability will crash so hard.

well who's gonna mine the mineable coins then?  which came first, the coins on the exchange or the miners who sold them to the exchange.  

ETA:  you should check out Cardano, which is a better ETH.

[Kapz786]

Still plenty of money to made it really depends on your electricity costs and how you will set up the mining farm? Will you need to lease an area or can you do it all for minimal cost in house etc?

[IamRune]

Not too late.  $30,000 should get you roughly $300/day in the current market.  If you where to invest, sure you could get 10x your investment, but if you have $30k in equipment that will hold value, even if the market crashes.  Once you pay off your equipment you can mine a ton of coins.  Its kind of a lottery at that point but my original mining setup of under $10,000 made me over 300,000$. 

[crypto4pizza]

3 months is an eternity in the crypto space....wait 3 months and re-evaluate.  It's not like you'll have that money right now to invest with anyways from the sound of it.

[jmigdlc99]

Metroid :
there is so much crypto to mine, why are talking about eth only ? even now, it's not the most profitable ... and i think that mining profit will go up when eth will go to pos

The problem is that there are currently 1 million GPUs mining ETH right now. When ETH will go to POS there will be no "mining" to profit from. All those 1 million GPUs will start mining all the other coins like zcash, monero, etc. Just imagine, how can your 6 GPU mining rig compete against a mining company's 1 million GPU farm.

That being said, if you are able to buy all the components of your rig TODAY, you may still be able to at least reach ROI. Just my opinion.

[Miningtry]

Rumors say that new generation of gtx cards (Ampere) will hit market in 2Q2k18 so that can be your advantage.