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Topic: Planning to build a mining rig. Need suggestions. (Read 175 times)

member
Activity: 546
Merit: 32
Hi Guys,

I am new to mining and from India. Need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings?.
Due to the RBI rules many crypto wallets do not accept to transact with Indian banks. Will I be able to convert the crypto currencies to Indian rupees and deposit it to my Indian bank account or are there any other ways?.
Mining might be profitable with the recent price increase and low difficulty level crypto mined.

Localbitcoin can be used to convert your BTC to INR,so no prblem with the exchange.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
Is this a good idea now in 2019 to see some earnings?.
It all depends upon which coin you are planning to mine and how much hashing power you will be having to get the profits, you calculate the approximate valuation using the following sites

1.What to Mine
2.Crypto Compare

Quote
Due to the RBI rules many crypto wallets do not accept to transact with Indian banks. Will I be able to convert the crypto currencies to Indian rupees and deposit it to my Indian bank account or are there any other ways?.
Hope you are talking about exchanges that you can use, there are several exchanges that are functioning at this point as far as i know .

1. Wazirx
2. koinex

brand new
Activity: 0
Merit: 0
Hi Guys,

I am new to mining and from India. Need your suggestions.. Got into mining using PC since just last 2 weeks with a 1060 6GB GPU. Thinking to build a rig containing some 5 or 6 1060 6GB GPUs. The cost of GPUs are really high so planning to get used GPUs to set up the rig. I am not sure how much profit would I get from it but still wanna give a try. Is this a good idea now in 2019 to see some earnings?.
Due to the RBI rules many crypto wallets do not accept to transact with Indian banks. Will I be able to convert the crypto currencies to Indian rupees and deposit it to my Indian bank account or are there any other ways?.
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