Hello,
Have been active in crypto for about 6 months now and thinking about buying my first mining rig.
Thinking about mining etherium or just let it run on nicehash. (Approx. 300 mh/s system)
What do you think is this profitable or is it better to just invest the money in crypto?
Power is quite expensive here about 0,26 usd per KWH
Is it also true a system will last about 2/3 years?
Know about the calculation sites but not sure if these are accurate.
Thanks
What do you do for the past 6 months? Trading? if you're good at it, better stick to it for the meantime, however if you know what you're doing for mining like beating challenges on seeking competitive cheaper mining gear, considering difficulties, coin price decreases and future mineable coin capabilities of your gear, then join the club.
And yes, system will last for about 2-3 yrs, but no one knows if its still profitable for the next days, months or year which is true by now based on your power rate per kwh.