Should I blow $5000 on a mining rig?

[Anonymous No.15328639]

[Anonymous No.15328644]

I'll blow my load on your mums face

[Anonymous No.15328647]

>>15328644
Thats hot

[Anonymous No.15328658]

>>15328639
lmfao is this a serious question?

[Anonymous No.15328663]

just buy btc

[Anonymous No.15328667]

No, i have a warehouse of asics and i regret it. Costs are going over the gains. Invest ur 5000 in chainlink

[Anonymous No.15328716]

>>15328639
Is mining still a thing? I remember fiddling around with it in 2017 when alts were actually mooning and you had a solid chance of making money. I was mining Z-cash for a while and doing fairly well. But these days I just don't see it man unless you are extremely bored and are already invested in the market in other ways.

[Anonymous No.15328721]

only if you have energy for free.

[Anonymous No.15328728]

Mine ETH classic

[Anonymous No.15328776]

Im in the UK, energy isn't cheap here. I have family in Albania though, their electricity is $0.09 compared to $0.20 in the UK.
Might send them a rig and start mining

[Anonymous No.15328791]

>>15328658
Yes.

>>15328663
Already have several.

>>15328667
Even if costs exceed gains for the time being, you stand to make huge profit if you are patient and sell your coins later during the inevitable alt season (yes, there will be more. Yes, we will see $2000 ETH)

>>15328721
I will have to pay like 13-15c per kilowatt hour

>>15328728
Why?

[Anonymous No.15328804]

>>15328639

you'll pull in like $4-5 of coin on a good day right now with a rig like that. so no, even with free electricity.

[Anonymous No.15328807]

>>15328776
Te lumte. Edhe une jam Shqiptar.

[Anonymous No.15328817]

>>15328791
>Even if costs exceed gains for the time being, you stand to make huge profit if you are patient and sell your coins later during the inevitable alt season (yes, there will be more. Yes, we will see $2000 ETH)
You wut m8? Why not just use the money to buy the coins now and have more than you would have generated with the mining equipment?
The only reason to mine is if the economics are favorable to sell or at least trade into your main hold right now. Back when I was mining Zcoin, I immediately traded it for BTC which in fiat totaled more than the electricity costs. If you can't say that at the end of the day you are wasting the fuck out of your money.

[Anonymous No.15328833]

>>15328639

yes, please, protect my network and verify my transactions

[Anonymous No.15328898]

mining is bitch. Very very cheap or energy for free. Otherwise it doesnt have any sense.
99% times its just better buy coins.

[Anonymous No.15328993]

>>15328817
Well, you can certainly make several bucks per card per day after costs are accounted for. Some of the new GPUs are getting hashrates close to 100,000/s. Whats wrong with a machine just sitting in my house , whirring away, passively paying itself off over several months, and warming my house in the dead of winter (electricity is cheaper than propane, which is how ive been heating my apartment).

[Anonymous No.15329394]

>>15328993
>Well, you can certainly make several bucks per card per day after costs are accounted for. Some of the new GPUs are getting hashrates close to 100,000/s. Whats wrong with a machine just sitting in my house , whirring away, passively paying itself off over several months, and warming my house in the dead of winter (electricity is cheaper than propane, which is how ive been heating my apartment).
Just whip out a calculator and do the math. If you're thinking about mining, e.g., ethereum, compare buying $5000 worth of ethereum now vs. buying the mining equipment and slowly producing ethereum.
$5000 right now gets you about 25 coins. $5000 will also get your the miner and zero coins. As the miner is running, electricity is being consumed so you have to subtract that from how much ETH is being generated notwithstanding the rig being used as a somewhat inefficient heater.
Of course, buying ethereum or a mining rig now is an opportunity cost. What if ethereum keeps dropping and you could have bought 50 ETH in 2 months. Naturally that's speculative so it's not something you can base a lot of math on but is interesting to think about.
In the end, you do you. If you need a new hobby then get the mining rig. Personally my money is invested in coins. But let the calculator be your one and ONLY guide.

[Anonymous No.15329413]

>>15328639
You can buy like 4x 8 card rigs for 5k if you know how to buy used gpus on ebay.

[Anonymous No.15329571]

6x 2080Ti = 315.0Mh/s if you mine ether. Profit is 1.6$ for 6 six cards if 10c per kWh

[Anonymous No.15329592]

>>15328639
Why not mine with raspberry pi super clusters? I imagine one hundred board noded together would be disgustingly powerful

[Anonymous No.15329601]

>>15329571
Buying 2080ti is crazy to just mine, unless you plan to rent it for machine learning too.
But then you have to use a server motherboard with adequate ram and storage.

[Anonymous No.15329611]

>>15329592
ARM cpus are thrash.
They will only be useful once they add at least 2MB of cache per core, only expensive nvidia jetson boards have that much.

[Anonymous No.15330343]

>>15328639
nope, i sold off $8k worth of mining equipment its over for gpu rigs

[Anonymous No.15330432]

>>15330343
there are still shitcoin plays - BEAM / GRIN (before c31 ASICs drop) / XMR

[Anonymous No.15330441]

>>15328639
No nigger, buy 5k worth of BTC and call it a day

[Anonymous No.15330682]

>>15328639
Only get into if you wanna do it as a hobby. I have a 4500 hash XMR rig and I'm only making 2 usd a day before electricity costs. I'm getting ready for the winter season that's when I mine full time. For anyone interested here's my hardware.
2 XFX RX580'S set to the "mining" bios I thought it was a gimmick but it's decent for lazy people like me
1 Radeon VII stock clock no under volt or overclock thing runs at 80% fan since the junction likes to run up 110c
Total draw at the wall 500 low and 600 on the high. It's pretty decent for what it is but I do this as a hobby since gaming doesn't enthrall me much.

[Anonymous No.15331050]

Walton chain Kirin Ponzi miner is returning over 1200 a month ATM.

[Anonymous No.15331082]

>>15330682
Mfw GPU plebs when Randomx is coming and i have a Ryzen 3900x

[Anonymous No.15331104]

>>15328898
The best place for rigs is in Scandinavia because they basically have free cooling and free electricity from natural gas from extracting oil.

[Anonymous No.15331168]

>>15331082
Meh I'm working on a new Ryzen rig. I'm just waiting for the right time to build it. So for now I'll run gpus. I have a couple of other coins to mine once XMR goes RandomX if I miss the hash rate drop.

[Anonymous No.15331407]

>>15330682
use hiveos, linux lite and intuitive, easy to switch, remote monitoring

[Anonymous No.15331499]

>>15328639
No. No you should not.

[Anonymous No.15331553]

>>15331407
Would do that but, I already have win10 installed and running fine, and my set up is a more set it and forget it set up, I've only needed remote monitoring 3 times last year, and all three times were due to driver crashes and the mining programs overheating protection when the card hit a false high temp of 300c
Otherwise everything you posted is more beneficial to serious or new miners alike