is it still relevant, or profitable if one start building and mining from the scratch today?
Cryptocurrencies Mining, Hardware,. Pool, software
Cryptocurrencies Mining, Hardware,. Pool, software
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Nov 23 2021, 04:40 PM
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#1
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Senior Member
6,996 posts Joined: Apr 2008 From: Bolehland |
is it still relevant, or profitable if one start building and mining from the scratch today?
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Nov 24 2021, 11:14 AM
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#2
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Senior Member
6,996 posts Joined: Apr 2008 From: Bolehland |
QUOTE(greyshadow @ Nov 24 2021, 10:10 AM) why not? as long as you put in a realistic ROI projection in your plan, do go ahead IMO current realistic ROI projection is around 10 months or more, it will be shorter if there's a bull run for my case, I also just started from scratch in April with estimated ROI of 10 months for my initial investment during that time, but I'm lucky that I've hit my ROI last month already thanks to HODLing & recent bull run before the crash Now am slowly adding more to my tiny ops Some of my friends wanna jump in as well, but after telling them my expected ROI, all cabut as most just wanna make a quick money in a very short term QUOTE(jett138 @ Nov 24 2021, 11:11 AM) anything in particular you found out ? wow thanks guys for the valuable input. i'm gonna get my first mining rig by end of the month.its the same with monero mining, just so called slightly better returns due to lower difficulties for now. in the end of the day you will still want at least 30 to 40 rigs running it. its never too late to join, just dont have high expectation like its a quick money scheme. treat it like renting out property instead. am still building rigs every month. as long as there are still pow blockchains, you will have passive income. have a good mix of cpu,gpu, asics. maintaining balance sheet is important. |
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Nov 24 2021, 11:27 AM
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#3
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6,996 posts Joined: Apr 2008 From: Bolehland |
one more questions, i'm in dilemma between pickup up sets of rx6600 or rtx3060 lhr for my first rig. which one gives a better overall value like price, power consumption, and hashrate?
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