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Topic: Is 500 € enough to buy any of mining rigs? (Read 165 times)

sr. member
Activity: 1008
Merit: 297
Grow with community
September 16, 2018, 10:34:56 PM
#5

I would like to mine altcoins based on ethereum, what can i get for 500€? I believe not much, but anything?

You could get at least 2 second hand RX580 based on the completed listings on ebay

RX580 in Ebay sold


I believe not much, but anything?

It doesn't give you much for today's market condition and its definitely rely on your electricity cost

check online calculators and set your power rates accordingly to give you an idea how much will be the possible profit for today
jr. member
Activity: 182
Merit: 7
No noise. No hustle. Quiet as whisper. Comino.
September 16, 2018, 01:30:50 PM
#4
That is not enough if you want a good long term investment and a stable mining - only quality components can provide that. I would agree with the previous comments - buy various altcoins and hold them, you will make a better profit with less stress
hero member
Activity: 3010
Merit: 794
There are some Graphics card would able to mind up some erc20 based tokens but expect it wont give any sufficient hashes for you to be profitable depending on the electricity rate on your place.
Just have a reference here https://whattomine.com/ to give you some idea and able to calculate things up.
newbie
Activity: 112
Merit: 0
With 500 USD you can buy 1 GPU, el cheapo mainboard, CPU, memory and PSU. This system mining ETH will allow you to earn approx 1 usd per day depending on electricity cost. Hence at the moment I would consider it nonsense. Better to buy some coin and wait for a better exchange rate....
newbie
Activity: 14
Merit: 0

I would like to mine altcoins based on ethereum, what can i get for 500€? I believe not much, but anything?
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