Topic: Investing upto 20k USD on ethereum mining - page 3. (Read 4195 times)
Too late bud.
wow that is big money but mine smaller alts like start peercoin and others and sell you will do better
Price can suddenly change at anytime such as bitcoin/ ethereum has and profit can suddenly jump but if it remains steady there will be nothing but diminishing returns. So with that you have to realize that mining difficulty will be ever increasing and coin price will be the only thing to make it profitable. Essentially you're mining with a BIG bullish speculative outlook that the price will rise.
Managed funds sounds as you are managing other peoples funds for a ether mining "investment" basically you pay them some small percentage over time for a certain amount of time. So if mining goes to shit you basically don't give a flying F8%$ if you lose all of their money.
Ok well start reading up on the forums, there is page after page of pools, hardware, mobos, everything you need is within reach of the search button.
Personally I find it amazing that people ask these kinds of questions without ever running a single gpu miner pointed to a pool on their pc before saying ok I want to get X amount of funds to invest in this. How do they even know if they can do the setup in the first place
Managed funds sounds as you are managing other peoples funds for a ether mining "investment" basically you pay them some small percentage over time for a certain amount of time. So if mining goes to shit you basically don't give a flying F8%$ if you lose all of their money.
Ok well start reading up on the forums, there is page after page of pools, hardware, mobos, everything you need is within reach of the search button.Personally I find it amazing that people ask these kinds of questions without ever running a single gpu miner pointed to a pool on their pc before saying ok I want to get X amount of funds to invest in this. How do they even know if they can do the setup in the first place
I wouldn't do it anymore but you never know... quote from 2011:
As a college student, I pay no electricity bills living on campus, therefore all of those points are moot. Over the past month I have broken even on my two 5870s, which I can easily sell back on eBay if I need the cash. From here on out running my PC 24/7 is pure profit for me, regardless of if I make 1 BTC per day or 10 BTC per day.
Bitcoin mining should NEVER be seen as a viable source of income, but if you can make it slightly profitable, it might pay for your lunch once a week. That's good enough for me, but people with grand schemes of making tons of money mining have missed the boat completely at this point. Personally I believe the BTC/USD bubble will pop soon as well, as soon as people realize that there aren't that many advantages to using this currency.
Bitcoin mining should NEVER be seen as a viable source of income, but if you can make it slightly profitable, it might pay for your lunch once a week. That's good enough for me, but people with grand schemes of making tons of money mining have missed the boat completely at this point. Personally I believe the BTC/USD bubble will pop soon as well, as soon as people realize that there aren't that many advantages to using this currency.
He is correct. You missed the boat. You should of started in January.
Right now you are better off buying the ETH coin instead.
Right now you are better off buying the ETH coin instead.
The difficulty is rising fast. So after you spend the $20k and build the rig, it might not be profitable any more.
Me and a friend of mine has made up plans[Managed funds]to start ethereum mining with at least $20k
Which Hardwares,Gpus would you suggest for us to build our rigs.
Also please provide your tips on mining as this is our first time,
and also suggestions on Ethereum,Mining,its future and sustainability
Which Hardwares,Gpus would you suggest for us to build our rigs.
Also please provide your tips on mining as this is our first time,
and also suggestions on Ethereum,Mining,its future and sustainability
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