Bravehash (OP)
Member
Offline
Activity: 196
Merit: 11
|
|
July 28, 2021, 08:04:10 PM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
|
|
|
|
xxcsu
|
|
July 28, 2021, 10:59:03 PM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
Buy some ETH,BTC and hold it 10,000$ really doesn't count as a big investment in the mining world as of now, I mean you really cant buy a lot of "good" things , what is mining related hardware. The fastest and easiest way to get your ROI is buying coin, and sell when you feel you need your money. Maybe learn a little bit about trading coins instead of mining them. Mining hardware's price are crazy high now , and if coin price jumping again , hardware price going to jump also. Calculating ROI or whatever you calling it , its almost impossible . Mining difficulty always changing .... Read my topic HERE , about calculating "ROI" or use any online profit calculators ... PS: from 10,000$ you not going to build a mining farm , you can get 1 , maybe 2 good ASIC , or build one good 6-8GPU rig ...
|
|
|
|
Wotan Wipeout
Member
Offline
Activity: 438
Merit: 27
|
|
July 29, 2021, 03:42:56 AM |
|
Buy 1 3070 without LHR, try nicehash, calculate your profit include power, think about your 10k again, if you still want to try it ask again.
|
|
|
|
swogerino
Legendary
Offline
Activity: 3220
Merit: 1241
|
|
July 29, 2021, 06:18:16 AM |
|
I would build a mining rig with 5 x RTX 3080 cards which would give you about 450 Mhsh in processing power or about 0.012-0.014 ETH daily depending on network difficulty.Their price is now down to 1500 or 1600 USD for such card so you can even build a mining rig with 6 of them and get about 540 Mhsh processing power if you find them cheap enough.You can also buy Ethereum and hold but since you are looking for the long run I think a mining rig with 450 or 540 Mhsh processing power is really good to have,this is what I would do if I have 10.000 dollars to spend.
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
TheMimic1
Member
Offline
Activity: 252
Merit: 13
|
|
July 29, 2021, 09:21:30 AM Last edit: July 29, 2021, 11:35:35 AM by TheMimic1 |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
Buy some ETH,BTC and hold it 10,000$ really doesn't count as a big investment in the mining world as of now, I mean you really cant buy a lot of "good" things , what is mining related hardware. The fastest and easiest way to get your ROI is buying coin, and sell when you feel you need your money. Maybe learn a little bit about trading coins instead of mining them. Mining hardware's price are crazy high now , and if coin price jumping again , hardware price going to jump also. Calculating ROI or whatever you calling it , its almost impossible . Mining difficulty always changing .... Read my topic HERE , about calculating "ROI" or use any online profit calculators ... PS: from 10,000$ you not going to build a mining farm , you can get 1 , maybe 2 good ASIC , or build one good 6-8GPU rig ... Mining hardware aren't crazy high now, remember china is selling off their GPUs as fast as possible, if you talk with GPU wholesalers in China you will be able to get 10 RX 580 8gb GPU for 3,000$ right now, that's about 300+ MH on ETH bro, you will be earning 20$ daily as at today and that's 600$ monthly, you get your money back in just 5 and half months Sometimes it's just better to have the equipment, after your ROI you can start mining for future holding, to me if you like adventure mining is way better but if you don't like tweaking and dealing with computer equipment then buy coins instead Mining will forever remain my hobby
|
|
|
|
Vann
|
|
July 29, 2021, 10:22:03 AM Last edit: July 29, 2021, 10:40:08 AM by Vann |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
Buy some ETH,BTC and hold it 10,000$ really doesn't count as a big investment in the mining world as of now, I mean you really cant buy a lot of "good" things , what is mining related hardware. The fastest and easiest way to get your ROI is buying coin, and sell when you feel you need your money. Maybe learn a little bit about trading coins instead of mining them. Mining hardware's price are crazy high now , and if coin price jumping again , hardware price going to jump also. Calculating ROI or whatever you calling it , its almost impossible . Mining difficulty always changing .... Read my topic HERE , about calculating "ROI" or use any online profit calculators ... PS: from 10,000$ you not going to build a mining farm , you can get 1 , maybe 2 good ASIC , or build one good 6-8GPU rig ... Mining hardware aren't crazy high now, remember china is selling off their GPUs as fast as possible, if you talk with GPU wholesalers in China you will be able to get 10 RX 580 8gb GPU for 3,450$ right now, that's about 300+ MH on ETH bro, you will be earning 20$ daily as at today and that's 600$ monthly, you get your money back in just 5 and half months Sometimes it's just better to have the equipment, after your ROI you can start mining for future holding, to me if you like adventure mining is way better but if you don't like tweaking and dealing with computer equipment then buy coins instead Mining will forever remain my hobby$350 per card for a RX580 8GB is no deal. Basically you are paying full retail for a 4 year old card run hard in a Chinese warehouse. MSRP was $249 and the last one I bought back in the 2018 peak, I paid $349. I'm still running my cards from back then and have ROI many times over. I refuse to pay 2-3X retail to update to newer cards. If you really want to get in to mining with the current pricing and availability, which is starting to improve, I would get a 6 card motherboard setup and add cards 1-2 at a time as I could get them for close to retail. You could also just buy the coins, but I don't think we've seen the bottom of the market yet, so I would DCA in slowly.
|
|
|
|
Bitbtc8
|
|
July 29, 2021, 10:44:36 AM |
|
From what OP stated it shows that he/she is ready for nothing else than crypto Mining, look at the question again cos to me it's all about what mining rig will bring ROI faster
You need to get your hands on cheaper GPUs, the cheaper the GPUs the faster you will get your ROI so look into gtx1660, rx570 and 580, gtx1060 6gb, these are the cheapest cards online right now and I would advice to divert attention to china
|
|
|
|
Bitbtc8
|
|
July 29, 2021, 10:47:28 AM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
Buy some ETH,BTC and hold it 10,000$ really doesn't count as a big investment in the mining world as of now, I mean you really cant buy a lot of "good" things , what is mining related hardware. The fastest and easiest way to get your ROI is buying coin, and sell when you feel you need your money. Maybe learn a little bit about trading coins instead of mining them. Mining hardware's price are crazy high now , and if coin price jumping again , hardware price going to jump also. Calculating ROI or whatever you calling it , its almost impossible . Mining difficulty always changing .... Read my topic HERE , about calculating "ROI" or use any online profit calculators ... PS: from 10,000$ you not going to build a mining farm , you can get 1 , maybe 2 good ASIC , or build one good 6-8GPU rig ... Mining hardware aren't crazy high now, remember china is selling off their GPUs as fast as possible, if you talk with GPU wholesalers in China you will be able to get 10 RX 580 8gb GPU for 3,450$ right now, that's about 300+ MH on ETH bro, you will be earning 20$ daily as at today and that's 600$ monthly, you get your money back in just 5 and half months Sometimes it's just better to have the equipment, after your ROI you can start mining for future holding, to me if you like adventure mining is way better but if you don't like tweaking and dealing with computer equipment then buy coins instead Mining will forever remain my hobby$350 per card for a RX580 8GB is no deal. Basically you are paying full retail for a 4 year old card run hard in a Chinese warehouse. MSRP was $249 and the last one I bought back in the 2018 peak, I paid $349. I'm still running my cards from back then and have ROI many times over. I refuse to pay 2-3X retail to update to newer cards. If you really want to get in to mining with the current pricing and availability, which is starting to improve, I would get a 6 card motherboard setup and add cards 1-2 at a time as I could get them for close to retail. You could also just buy the coins, but I don't think we've seen the bottom of the market yet, so I would DCA in slowly. Hmm you really have a point but at 350$ per 30 to 32MH from a rx580 8gb you will ROI in 5months and it's good that this is what OP wants to do compare to those who are just after the ROI, OP is in for a long term makes good sense to me
|
|
|
|
michellee
|
|
July 29, 2021, 11:16:42 AM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
I would not suggest you mining at this time because with $10,000, you can buy ethereum and you can get for at least 4 eth and then hold it. Or you can buy bitcoin or bnb and hold it for a while. You will need time before you can get ROI from the mining process and I am not sure how long you can get that profit. Unless you have a low electricity fee, mining will not give you profit in the short term, so I hope you can consider investing in bitcoin, ethereum or bnb or other coins. But I suggest you not use all of that money to invest in a new project because that will be too risky than invest in bitcoin, ethereum or bnb. The mining calculation on the equipment you should and how much you will earn daily will look interested, but you can not expect too high. But you can try to buy one piece of equipment with 5-6 graphic cards such as RX 580 8 gb to see if mining can works well for you. Besides that, you need to calculate your electricity fee in your city to know how much you should pay monthly.
|
|
|
|
TheMimic1
Member
Offline
Activity: 252
Merit: 13
|
|
July 29, 2021, 11:40:19 AM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
Buy some ETH,BTC and hold it 10,000$ really doesn't count as a big investment in the mining world as of now, I mean you really cant buy a lot of "good" things , what is mining related hardware. The fastest and easiest way to get your ROI is buying coin, and sell when you feel you need your money. Maybe learn a little bit about trading coins instead of mining them. Mining hardware's price are crazy high now , and if coin price jumping again , hardware price going to jump also. Calculating ROI or whatever you calling it , its almost impossible . Mining difficulty always changing .... Read my topic HERE , about calculating "ROI" or use any online profit calculators ... PS: from 10,000$ you not going to build a mining farm , you can get 1 , maybe 2 good ASIC , or build one good 6-8GPU rig ... Mining hardware aren't crazy high now, remember china is selling off their GPUs as fast as possible, if you talk with GPU wholesalers in China you will be able to get 10 RX 580 8gb GPU for 3,450$ right now, that's about 300+ MH on ETH bro, you will be earning 20$ daily as at today and that's 600$ monthly, you get your money back in just 5 and half months Sometimes it's just better to have the equipment, after your ROI you can start mining for future holding, to me if you like adventure mining is way better but if you don't like tweaking and dealing with computer equipment then buy coins instead Mining will forever remain my hobby$350 per card for a RX580 8GB is no deal. Basically you are paying full retail for a 4 year old card run hard in a Chinese warehouse. MSRP was $249 and the last one I bought back in the 2018 peak, I paid $349. I'm still running my cards from back then and have ROI many times over. I refuse to pay 2-3X retail to update to newer cards. If you really want to get in to mining with the current pricing and availability, which is starting to improve, I would get a 6 card motherboard setup and add cards 1-2 at a time as I could get them for close to retail. You could also just buy the coins, but I don't think we've seen the bottom of the market yet, so I would DCA in slowly. Sorry I miscalculated, it's actually 300$ per rx580 8gb from GPU bulk suppliers in China right now, I'm not from USD spending country so I miscalculated, if you are buying 2000 of this GPU the price is way lower like 120$ but why would I want such numbers of GPUs? I don't have electricity to power such numbers of GPUs
|
|
|
|
S3300
Member
Offline
Activity: 280
Merit: 10
|
|
July 29, 2021, 11:54:17 AM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
I would not suggest you mining at this time because with $10,000, you can buy ethereum and you can get for at least 4 eth and then hold it. Or you can buy bitcoin or bnb and hold it for a while. You will need time before you can get ROI from the mining process and I am not sure how long you can get that profit. Unless you have a low electricity fee, mining will not give you profit in the short term, so I hope you can consider investing in bitcoin, ethereum or bnb or other coins. But I suggest you not use all of that money to invest in a new project because that will be too risky than invest in bitcoin, ethereum or bnb. The mining calculation on the equipment you should and how much you will earn daily will look interested, but you can not expect too high. But you can try to buy one piece of equipment with 5-6 graphic cards such as RX 580 8 gb to see if mining can works well for you. Besides that, you need to calculate your electricity fee in your city to know how much you should pay monthly. You need time to make profits from holding as well, once this bull market is over holders and miners will both be in loss, stop talking as if only miners will be affected, if you look at things on a long term side mining pays, you will end up getting your ROI and you will keep getting more coins Miners in 2018, 2019 bear market makes more, they kept mining and holding, they have more ETH everyday, you hold 2 ETH for four years you still have 2 ETH, you mine ETH you get more ETH even in bear market because difficulty will be down, another bull market begins you will keep making ROI from your graphic cards over and over Talking from experience, I used to talk like you to some friends in 2017 this way and they made more money than me (holder)
|
|
|
|
Looper_U
Member
Offline
Activity: 369
Merit: 16
$CYBERCASH METAVERSE
|
|
July 29, 2021, 12:50:20 PM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
I would not suggest you mining at this time because with $10,000, you can buy ethereum and you can get for at least 4 eth and then hold it. Or you can buy bitcoin or bnb and hold it for a while. You will need time before you can get ROI from the mining process and I am not sure how long you can get that profit. Unless you have a low electricity fee, mining will not give you profit in the short term, so I hope you can consider investing in bitcoin, ethereum or bnb or other coins. But I suggest you not use all of that money to invest in a new project because that will be too risky than invest in bitcoin, ethereum or bnb. The mining calculation on the equipment you should and how much you will earn daily will look interested, but you can not expect too high. But you can try to buy one piece of equipment with 5-6 graphic cards such as RX 580 8 gb to see if mining can works well for you. Besides that, you need to calculate your electricity fee in your city to know how much you should pay monthly. You need time to make profits from holding as well, once this bull market is over holders and miners will both be in loss, stop talking as if only miners will be affected, if you look at things on a long term side mining pays, you will end up getting your ROI and you will keep getting more coins Miners in 2018, 2019 bear market makes more, they kept mining and holding, they have more ETH everyday, you hold 2 ETH for four years you still have 2 ETH, you mine ETH you get more ETH even in bear market because difficulty will be down, another bull market begins you will keep making ROI from your graphic cards over and over Talking from experience, I used to talk like you to some friends in 2017 this way and they made more money than me (holder) True, everything is still the same 1. Even if you stake your coins your reward will go lower once price start dropping 2. It can be very hard to trade when crypto market is in very bad shape, there is higher chance of loss 3. When the market is greenish miners, stakers,traders and holders are all going to be happy To me it's still all the same
|
|
|
|
konflikkastil
Member
Offline
Activity: 879
Merit: 10
Sovryn - Brings DeFi to Bitcoin
|
|
July 29, 2021, 02:40:10 PM |
|
$10,000 is not such a big money we hen it comes to some investment, but if you are looking for a good investment that can bring you great ROI. You might need to consider forex trading, all you need to do is learn how it works of still look for a trader who is professional who you can entrust the money into and be getting your ROI on a steady basis. You might be getting something around 20% to 30% ROI every month. Depending on the personal term the the trader. And be sure that you both agree on personal terms and probably backed with some legal documents, so you can be sure your money is in good hands.
|
|
|
|
FP91G
Legendary
Offline
Activity: 1708
Merit: 1065
|
|
July 29, 2021, 03:24:02 PM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
Follow the profit after the London hard fork on Ethereum. If the profit changes, miners will start moving to other algorithms. Look at the MSRP of video cards so as not to overpay https://bitcointalk.org/index.php?topic=5351713.0Buy 3060 and 3070 or 6700 and 6800, they have the least problems. But be aware that your payback may take several years.
|
|
|
|
David.Jack
Jr. Member
Offline
Activity: 103
Merit: 1
|
|
July 29, 2021, 05:07:25 PM Last edit: July 29, 2021, 10:20:40 PM by David.Jack |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
it depends on your investment objective. For example, for the crypto market, you may interest in BTC or ETH. Otherwise, career skill upgrades improve your living standard.
|
|
|
|
xxcsu
|
|
July 30, 2021, 12:17:49 AM Last edit: July 30, 2021, 02:33:30 AM by xxcsu |
|
Mining hardware aren't crazy high now, remember china is selling off their GPUs as fast as possible, if you talk with GPU wholesalers in China you will be able to get 10 RX 580 8gb GPU for 3,000$ right now, that's about 300+ MH on ETH bro, you will be earning 20$ daily as at today and that's 600$ monthly, you get your money back in just 5 and half months Sometimes it's just better to have the equipment, after your ROI you can start mining for future holding, to me if you like adventure mining is way better but if you don't like tweaking and dealing with computer equipment then buy coins instead Mining will forever remain my hobby
Just tell me how you can mine with those cards without motherboard , cpu , memory , ssd or hdd , frame or case , psu Your ROI calculation is worth nothing ...even if you are paying 0.1$/kwh you can make around 13$/days with 300MHS on Ethereum as of right now ... you cant calculating ROI 6 months ahead the way you doing it .... that just doesn't work Hmm you really have a point but at 350$ per 30 to 32MH from a rx580 8gb you will ROI in 5months and it's good that this is what OP wants to do compare to those who are just after the ROI, OP is in for a long term makes good sense to me
How is that possible ? don't forget when you building a rig , you need a motherboard , cpu , memory , ssd or hdd , frame or case , psu . Your gpu's also consuming some electricity Don't try to fool a newbie or any members here , he is talking about building a rig ... there is more than a gpu need for a mining rig Your ROI calculation is worth nothing ...Also buying rx580 GPUs from a Chinese farm ,probably not the best investment ... Gpu's are not forever , let say i bought 100 rx580 for 280$ a piece few years ago (exactly 5 years ago) , 35 of them is dead already ... i was able to fix a few , but not all ... Also there is a London fork coming Difficulty is growing day by day ... Chinese farms closed by they government , but ETH difficulty is still growing ... 6.39% in the past 7 days , 14.21% in the past 30 days ... Bitcoin mining is a another story Im a miner and a trader , have a "few" years of mining / trading experience But please don't tell a newbie or any members , go and buy those Chinese junk rx series GPU's , because if they do , those gpu's probably going to die before they even get close to they "ROI" . ....and paying 300-350$ for a 5 years old gpus , no warranty ... well .. that's definitely not me OP !There is one of the useful answer/advice for you from FP91G .. I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
Follow the profit after the London hard fork on Ethereum. If the profit changes, miners will start moving to other algorithms. Look at the MSRP of video cards so as not to overpay https://bitcointalk.org/index.php?topic=5351713.0Buy 3060 and 3070 or 6700 and 6800, they have the least problems. But be aware that your payback may take several years.
|
|
|
|
xxcsu
|
|
July 30, 2021, 01:28:07 AM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
You asked this question on July 28th , around 4pm (EST) , then the ETH/USD price was around 2290$/ETH ... Now at this moment ETH/USD is 2400$ ... so if you buying 10000$ worth of ETH on July 28th ( 4.36ETH) , a day later , today those ETH's worth 10480$ There is a good chance , or I would call speculation , the London hard fork going to push up the ETH/USD price we will see ... London hard fork maybe going to happen ( or not ) on Aug 4th
|
|
|
|
adaseb
Legendary
Offline
Activity: 3808
Merit: 1723
|
|
July 30, 2021, 03:02:24 AM |
|
Yes you can't calculate ROI the way you are you calculating it right now. There are just way too many variales to consider. The London Hard fork is one however the bigger issue is the new state of the art ETH ASICs that will come online soon and the difficulty will keep rising and rising. Look at, https://etherscan.io/chart/hashrateSee how quickly the network hashrate is recovering from that drop. Those re-sold GPUs will mostly go to miners and not gamers and will be brough back up. And the ETH ASICs will push the difficulty even higher and higher.
|
|
|
|
michellee
|
|
July 30, 2021, 08:11:44 AM |
|
I have 10,000$ I can risk on mining farm or rigs what is the fastest way to get ROI back with this money?is there any expert in this forum that can give me their own strategy if they have such money to risk on mining? I'm in for long term so I'm not in rush
I would not suggest you mining at this time because with $10,000, you can buy ethereum and you can get for at least 4 eth and then hold it. Or you can buy bitcoin or bnb and hold it for a while. You will need time before you can get ROI from the mining process and I am not sure how long you can get that profit. Unless you have a low electricity fee, mining will not give you profit in the short term, so I hope you can consider investing in bitcoin, ethereum or bnb or other coins. But I suggest you not use all of that money to invest in a new project because that will be too risky than invest in bitcoin, ethereum or bnb. The mining calculation on the equipment you should and how much you will earn daily will look interested, but you can not expect too high. But you can try to buy one piece of equipment with 5-6 graphic cards such as RX 580 8 gb to see if mining can works well for you. Besides that, you need to calculate your electricity fee in your city to know how much you should pay monthly. You need time to make profits from holding as well, once this bull market is over holders and miners will both be in loss, stop talking as if only miners will be affected, if you look at things on a long term side mining pays, you will end up getting your ROI and you will keep getting more coins Miners in 2018, 2019 bear market makes more, they kept mining and holding, they have more ETH everyday, you hold 2 ETH for four years you still have 2 ETH, you mine ETH you get more ETH even in bear market because difficulty will be down, another bull market begins you will keep making ROI from your graphic cards over and over Talking from experience, I used to talk like you to some friends in 2017 this way and they made more money than me (holder) Correct. But at least you can calculate and make a simple plan from both mining and holding and compare it. First, you can try to buy one mining rig or hardware and run it in your home for at least 6 months. I think the cost will not be more than $5,000 so you still have the other $5,000. You use the other $5,000 to buy bitcoin, ethereum or other coins which you think will increase in the next 3-6 months and just hold it. I assume you do not just buy all of the $5,000 at once and will spread for many order buy so you can get lower price every time you bought. You will see which will give you more profit. Maybe the advantage of mining is that we can change the coin that we want to mine, but that will depend on how high the hardware specification we use to determine how much reward we will earn from mining.
|
|
|
|
FP91G
Legendary
Offline
Activity: 1708
Merit: 1065
|
|
July 30, 2021, 06:39:18 PM |
|
Correct. But at least you can calculate and make a simple plan from both mining and holding and compare it. First, you can try to buy one mining rig or hardware and run it in your home for at least 6 months. I think the cost will not be more than $5,000 so you still have the other $5,000.
You use the other $5,000 to buy bitcoin, ethereum or other coins which you think will increase in the next 3-6 months and just hold it. I assume you do not just buy all of the $5,000 at once and will spread for many order buy so you can get lower price every time you bought.
You will see which will give you more profit. Maybe the advantage of mining is that we can change the coin that we want to mine, but that will depend on how high the hardware specification we use to determine how much reward we will earn from mining.
You can buy any one mining farm for 1 purpose - to gain practical experience. I have seen many newbies who bought farms, but these farms did not work for them for various reasons. Now home mining is not very profitable due to competition large mining companies. I do not invest in mining now, because video cards and powerful power supplies are very expensive. But I'm looking at the secondary market offers. These offers are not adequate, I can overpay 20% and buy new equipment in the store
|
|
|
|
|