Well, right now I'm just mining bitcoins. And it is giving really good results. I'm looking into ETH mining too but I'm facing lot of cons in it.
Could you share the results and what are the cons you are finding in ETH?
Practically mining ETH is not that hard but making a ROI is because :
1. You have to calc. the price of whole rig (Motherboard, RAM, Processor, etc.) to carefully plan your ROI.
2. The graphic cards overheat if not maintained their heat levels.
3. Cannot implement immersion cooling. (Still working on this)
4. Upgrade in hardware like the SSD/HDD 'cause the applications developed stay on the blockchain.
5. The whole network has to be synced before you mine.
6. Cards can go bust/worn out. (life isn't guaranteed)
and many more. these are just the basics. Think about it. An do let me know if I'm wrong at any point. It'll be much appreciated.
I've been mining Ethereum since February and I had started mining bitcoins and cryptos since 2012.
So
1. The price of the whole rig is there, but it is still a better cost for ROI than it is for getting a bitcoin mining ASIC - and you can easily sell the parts second hand, while selling a bitcoin miner is hard.
2. Only one of my graphic cards have ever overheated and then I had to go for a RMA - but it was great because the 7950 was RMA'ed and replaced with a R9 280!
3. I never needed that
4. You can mine Ethereum even through Linux USB
5. That is not true. You can pool mine and there is no need to that, if you use the method in which you sync the network - the profits are less
6. Yeah but they will definitely not worn out within a year in which Ethereum Mining Period shall end - so you can easily get quite a big amount back after selling your Rig parts second hand
Feel free to comment on any point that you think I have been wrong.
Thanks
