Mining ethereum totally off grid(Suggestion Needed)

LandOwner

newbie

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Quote from: coinsmafia on March 17, 2016, 09:26:13 PM

Quote from: adaseb on March 17, 2016, 07:00:06 PM

Nobody knows what the price will be in 1 months, 6 months, etc.

There is always some degree of risk. Don't risk anymore then you can afford to lose.

The best time to start Ethereum mining was in January.

Certainity is always there,but even if the price fall and I keep on mining,I dont mind getting the ROI some time later.At least I will be keeping up generating ethers,No?

If the price is below the cost of mining, it is better to buy the coins instead of mining the coin directly.

coinsmafia

newbie

Activity: 26

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Quote from: adaseb on March 17, 2016, 07:00:06 PM

Nobody knows what the price will be in 1 months, 6 months, etc.

There is always some degree of risk. Don't risk anymore then you can afford to lose.

The best time to start Ethereum mining was in January.

Certainity is always there,but even if the price fall and I keep on mining,I dont mind getting the ROI some time later.At least I will be keeping up generating ethers,No?

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: juni0r on March 17, 2016, 07:05:09 PM

Quote from: coinsmafia on March 17, 2016, 11:09:21 AM

Quote from: LandOwner on March 17, 2016, 07:45:01 AM

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

Is the price gonna fall below $6 near soon? So if I mined regular on 100 mh/s and generate 70 Ether per month I would make 60% profit after paying for power and ROI after 5 months, and I see this a better option than cloud mining

I do not see ETH will be under $6 because this COIN will no longer be able to mine when POS kicks in as well as ETH is backed by Microsoft. Most likely flatten between 9$ to 7$ If MIST does not amuse us. Do you think Microsoft will let down themselves?

lol

MSFT doesn't own any ETH.

They only allowed the platform on their Azure servers.

juni0r

member

Activity: 83

Merit: 10

Quote from: coinsmafia on March 17, 2016, 11:09:21 AM

Quote from: LandOwner on March 17, 2016, 07:45:01 AM

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

Is the price gonna fall below $6 near soon? So if I mined regular on 100 mh/s and generate 70 Ether per month I would make 60% profit after paying for power and ROI after 5 months, and I see this a better option than cloud mining

I do not see ETH will be under $6 because this COIN will no longer be able to mine when POS kicks in as well as ETH is backed by Microsoft. Most likely flatten between 9$ to 7$ If MIST does not amuse us. Do you think Microsoft will let down themselves?

adaseb

legendary

Activity: 3808

Merit: 1723

Nobody knows what the price will be in 1 months, 6 months, etc.

There is always some degree of risk. Don't risk anymore then you can afford to lose.

The best time to start Ethereum mining was in January.

juni0r

member

Activity: 83

Merit: 10

Dont go cloud mining. If you want to spend less than 2000$ and get hands on experience on mining then setup a rig with R9 390 as it is a recommended GPU for ETH mining as far as i read thru every where. If not wait for at least until Easter as I can see people need to liquidate their ETH coins to get ROI and $$$ for Easter Holiday. Thus, there is a down trend on ETH price because more supply and less demand [Economy 101]. Then you snatch up some coins during that time but you need to be in the right time.

coinsmafia

newbie

Activity: 26

Merit: 0

Quote from: LandOwner on March 17, 2016, 07:45:01 AM

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

Is the price gonna fall below $6 near soon? So if I mined regular on 100 mh/s and generate 70 Ether per month I would make 60% profit after paying for power and ROI after 5 months, and I see this a better option than cloud mining

LandOwner

newbie

Activity: 60

Merit: 0

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

coinsmafia

newbie

Activity: 26

Merit: 0

Quote from: adaseb on March 17, 2016, 05:33:13 AM

No because by the time you get everything set up and running ETH will no longer be profitable to mine.

They also use like 110Watts each

So instead of going off grid if I go on grid would that still be profitable on coming months?
What time would I get the ROI if so?
Spending around 1200 USD altogether

adaseb

legendary

Activity: 3808

Merit: 1723

No because by the time you get everything set up and running ETH will no longer be profitable to mine.

They also use like 110Watts each

coinsmafia

newbie

Activity: 26

Merit: 0

I am thinking of mining ether totally off grid,With 5xr7 370s
I studied each card draws around 190w on full performance,
So I wanna know if its worth going off grid making an initial investment on power source like solar setups and battery banks?

My power usage will be around 1200-1500w
And this first time I am trying to self mine over cloud mining.

Topic: Mining ethereum totally off grid(Suggestion Needed) (Read 846 times)