Pages:
Author

Topic: Mining as full time income - page 3. (Read 1099 times)

hero member
Activity: 687
Merit: 511
February 21, 2018, 05:41:38 AM
#5
If you only plan to live for a year or two, that will probably work.  Wink  Seriously, let's just consider that mining never goes away, and it becomes a consistent performer - there will be large corporate miners that will dwarf any of the 'big boys' today.  The returns will be crushed out by their scale - because at a massive level, a consistent small return would be more than enough for them, and not even viable for even the large guys today.

Really if you want to pursue mining full time and gamble with it, the smarter play would be to continue working and put every dollar you could into mining, and hit it as hard as you can for the next couple years - then if it fades away, you'll have amassed a nice chunk of cash, or if it becomes corporatized you can just stop doing it.  

Either way, the vacation comes after success, not before or during.  Wink
newbie
Activity: 53
Merit: 0
February 21, 2018, 05:39:06 AM
#4
as I see it, it is pretty much an option.

however you must realize that mining is a business and spend time upgrading and controlling your hardware.

otherwise your travel would end in a couple of months
full member
Activity: 210
Merit: 174
BookiePro.Fun - The World's Betting Exchange
February 21, 2018, 05:37:02 AM
#3
yeah..
Mining still on the track although a price of GPUs increase and price bitcoin a decrease, not to mention the news about ETH to POS, prediction GPU mining will die soon, debate VRAM 4GB/8GB if mining on ETH and much more rumors. I still to be mining and still buying a GPU per months.
legendary
Activity: 3808
Merit: 1723
February 21, 2018, 05:27:43 AM
#2
Whenever there is easy money to be made, people will flock to it like crazy and it won't be profitable anymore.

Quitting your job to mine is crazy. Unless you live with your parents and don't need any income.
full member
Activity: 406
Merit: 104
February 21, 2018, 05:23:46 AM
#1
I was thinking about going full out mining and start earning at least as much as I earn now (about €1900 after taxes) and quit my job and instead travel the world.

I currenltly have 13x1060 and 1x1080Ti which net me between $700-$1000/month (after electricity and it depends a lot on crypto price). I also have almost 6000 COSS tokens and if the exchange picks up and goes to Binance-volume in few years then I will probably not have to work for as long as they operate.
I was thinking about selling my car and getting twice as much hashpower and then just enjoy life in different parts of the world.

I believe mining is here to stay for as long as crypto will exist, which is forever.
Pages:
Jump to: