Getting ready for ETH 2.0

[Pterosaur]

I think the only way with crypto Mining after ETH2.0 is buying and installing solar panels and they are still very cheap compare to using grid power but is it safe to buy used solar panels? Trying to cheap out on this setup

[sxemini]

I think the only way with crypto Mining after ETH2.0 is buying and installing solar panels and they are still very cheap compare to using grid power but is it safe to buy used solar panels? Trying to cheap out on this setup

This solar panels must paid too. How much power can you get for the price of an big solar farm? I think a lot of power. There are many points you must think about it. Back in 2019, the reward for many cards are at 0.25$ before electricity, but people mining and mining and mining.

In my opinion to much people keep an eye on this ETH2.0.

[swogerino]

I think the only way with crypto Mining after ETH2.0 is buying and installing solar panels and they are still very cheap compare to using grid power but is it safe to buy used solar panels? Trying to cheap out on this setup

The solar panel costs a lot of money if you want one to produce enough watts to power your rig(s) in the first place.I am not that much worried about ETH 2.0 as the new generation of cards are great at energy efficiency namely the Rtx 3060 ti at 119 watt for 61-62 Mhsh and there will always be ETC-Ethereum Classic and other coins to be mined,the world doesn't go around only ETH as they say.Lots of possibilities,some people have already switched their rigs to other coins trying to mine as many of these secondary coins like ETC,ERGO and RVN because who knows,maybe they become big ones even in price different from what most people think that these coins will sink really big in value.

[FP91G]

I think the only way with crypto Mining after ETH2.0 is buying and installing solar panels and they are still very cheap compare to using grid power but is it safe to buy used solar panels? Trying to cheap out on this setup

Or maybe it's better not to rush to buy anything. Even if solar panels pay off in 4-5 years, this is not the best investment. It is better to buy video cards and look for rooms with cheap electricity.

[ANSEL_2.0]

On the long run solar panels will pay off but this advice is only good for those that have high electricity bill in their country, they need to do the math themselves to know which is better, for me mixing both is good, mine when the sun shines and use grid at night.

[Coinfarm ventures]

On the long run solar panels will pay off but this advice is only good for those that have high electricity bill in their country

If the power cost is too high, one shouldn't even be mining as a business. It can be a hobby, but not a for-profit business.
One of my friends who lives on Long Island (20¢/kWh) learned that lesson the hard way in 2018. He only made profit during the 'good times'.

[5W-KILO]

On the long run solar panels will pay off but this advice is only good for those that have high electricity bill in their country

If the power cost is too high, one shouldn't even be mining as a business. It can be a hobby, but not a for-profit business.
One of my friends who lives on Long Island (20¢/kWh) learned that lesson the hard way in 2018. He only made a profit during the 'good times.

He should have kept mining at the time because those who never stopped gathered enough ETH for 2021 and everything turn around for good, as a miner or crypto investor you need to have lots of patience.

[Coinfarm ventures]

He should have kept mining at the time because those who never stopped gathered enough ETH for 2021 and everything turn around for good, as a miner or crypto investor you need to have lots of patience.

That it absolutely true. They key to success is to buy equipment at decent prices, then mine when difficulty is low & save some of the coins for the next bull market. Not only do you make profit, there are zero taxes if done properly. The problem is my friend bought the video cards at exorbitant prices, so they never were going to pay off anyway.