So I’m just going to talk out loud here, and put forward the following point of view.
Personally, I’ve not had my rigs on for a few weeks now due to the heat, and the fact that it was becoming unprofitable considering the lowering rewards, cost of electricity etc.
And then I found HyperStake.
Whilst I’ve been in HYP since the beginning, what about the people who want to get in now? Why should they bother? What’s in it for them?
Well, the first and most obvious benefit is the interest rate – which, at around 18% PER WEEK is pretty amazing, and that’s without taking into account compound interest. (around 2.05% interest per day)
So, when you think about that, if you had $1,000 and were thinking of getting into crypto, lets compare buying a GPU rig, in comparison to buying $1,000 of HYP.
Looking at NewEgg, there’s the Sapphire R9 280X Tri-X card for $289, so if you were to pick up 3 of these, picked up a decent power supply with the remainder of the $1k, and used an old motherboard, HDD, and RAM – you’ve now got yourself a 3 Rig GPU for mining.
This is where my figures may go a bit wrong (like I say, I’ve not been following mining recently) but from what I can see:
AT BEST:
3 GPU’s will give around 2MH/s Normalised mining power
TradeMyBit offers best rates of just 0.002BTC per MH/s/Day
Today’s price of BTC is roughly $375
That equates to earning $1.50 per day (0.004 BTC), from mining, not taking into account electricity.
So, to summarise:
Option 1 – Build a rig with 3 GPU’s.
Spend $1000 and earn $15 every 10 days from selling your mined BTC.
Option 2 – Buy HYP
Spend $1000 on HYP (@0.000025 / HYP) to buy 105,000 HYP and earn around 23,600 HYP in interest, worth an estimated 0.59BTC, or $220 – per 10 day period!
The other major benefit with HYP is it’s quick staking period, which allows for the potential of compound interest, over a relatively short period of time.
So, if we compare the figures again:
Option 1 – after 30 days = $45 earnings (30 x $1.50 / day)
Option 2 – after 30 days = (105,000 HYP x 2.05% ^ 30) = 88,000 HYP interest = 2.2BTC = $825 earnings
Now, all of the above assumes that prices stay somewhat static, and that your HYP matures soon after the 8.8 days it needs to produce interest payments. Prices in Crypto can move dramatically, there’s no denying that. But certainly from my point of view, it’s clear that investing in HYP is MUCH more profitable than investing in mining.
It’s worth noting that with Option 1 though, you physically still have an asset worth $ xxx.
If HYP went to the floor, you could have considerably less, but that’s a gamble you’re maybe willing to take, looking at the potential upside of HYP.
Do your own research, like I say, I just wanted to offer a view.
agree! I choose HyperStake exactly!!
