LOL..... I am itching to build a 8x5700XT too.
Anyways..... here is a story to share
Last week, someone told me of a new project called SushiSwap.
So because this DeFi thing is hot and probably a good time to learn how to go about farming/mining/yield-mining.
Cut a long story short, after spending 0.3 ETH on Uniswap, I became a Sushi farmer by putting ETH on the Sushi liquidity pool.
My friend also told me to buy Sushi tokens from exchange because its going to be huge... so I bought some at 1.20$ and some more at 70c
That was 24 hours ago....
At time of typing this post, I have farmed $6 bucks worth of Sushi based on my holdings worth 0.15 ETH.
Sushi is now 7.95$. If I sell all of them now at the exchange, I will get approximately 0.75 ETH, well above the cost of this Defi experiement.
The ridiculous thing about this whole exeriment was that the GAS and fees that I needed to swap ETH to SUSHI-Liquidty token, totalled about 0.15 ETH!
And to now cash out my farmed Sushi...... the gas price to swap them back to ETH was more than 10 bucks!
In summary, this Defi thing is not for the faint hearted. The GAS required for Defi transactions is bloody expensive. But people are fomo-ing because the hopium seems to point that this defi projects are 10x, 50x, 100x returns.
I think this Defi explosion is not going to end well..... but the consolation is that Defi infrastructures are here to stay..... which will bad for the banks and even for the traditional crypto exchanges.
Buying speculative tokens at exchange probably is better than going into an early defi platform like uniswap, sushiswap etc. because its just getting more and more complicated (reminds me of derivitives) and these projects are either going the moon or zero.
At one moment, I was thinking why buy 5700XT if farming makes more money, no worries about electricity bills.... then thats when I ponder on the big question.... what's the difference in MINING and FARMING?
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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snipped
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bought an ink set for my printer yesterday in a local computer shop and found some 5700xt on the shelf.
me..
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