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24488444 No.24488444 [Reply] [Original]

I have very low electricity cost where I live ($0.08/kw). I'm thinking of investing around $5000 into GPUs and mine Ethereum + other coins.
Is there anything that could go wrong with this investment? I researched for hours and found out that the GPUs will last for many many years at 70-75% usage + good cooling.

>> No.24488480

>>24488444
it's more profitable to just buy eth with that 5k

>> No.24488492

There are no good gpu mined coins other than Ethereum. Invest in CPUs instead and mine Monero

>> No.24488529

>>24488444
My rental contract grants me free and unlimited water.
Anyways I can make money with unlimited tap water?

>> No.24488653

>>24488529
Sell it in bulk to concrete factories or nearest farmers.
Pay rent with that money.
Profit.
Your only issue is diameter of your pipe.

>> No.24488684

>>24488529
In theory, yes

>> No.24488702

>>24488444
Checked
I think ure late

>> No.24488734

I can get free electricity at my office, what equipment would I need to mine? I only have about $5k to spend on equipment. Can ideas what I could expect to make in coins?

>> No.24488829 [DELETED] 
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24488829

Mining crypto is as unprofitable that even the largest crypto miners, make their money from lending their machines to enthusiasts. (Retards)

Just google “cloud mining.”

It’s better if you invest those $5K in De-Fi tokens like $COMP, $YFI or $UNI.

Move them to a hardware wallet and stake them in the highest yield protocol available.

Come back in 3 years, when you have made enough to fuck this whore.

>> No.24488841

>>24488653
Well yes that s big issue

>> No.24488872

>>24488444
I'm really tempted to get a bunch of 5700s too and enjoy the passive income.
Nice digits

>> No.24489292

>>24488702
>>24488829
When I run the numbers the results I get are that I'll break even after 8-12 months. Why do you think it's unprofitable? Everything after that time will be pure profit. Am I missing something?

>> No.24489407

>>24488529
Build a watermill in your kitchen

>> No.24489588

>>24488529
use the deuterium to power a nuclear fusion reactor.

>> No.24489669

>>24489292
You'll break even depending on current prices.

>> No.24489708

>>24488492
Based pony lover

>> No.24489838

>>24488444
checked
almost always it pays off better in the short term to just spend that 5000 in actual crypto instead of spending money just trying to mine that same amount of crypto

>> No.24489886
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24489886

>>24489708

>> No.24489982

>>24488529
sell it to fracking companies

>> No.24490213

think of it as an electric space heater that pays for itself, do it

>> No.24490228

do it.

you will also learn it is more profitable to just buy coin early in the bull cycle like right now.

>> No.24491090

>>24488492
XMR is gpu-mined, no?