Hi,
I have a question:
If I want to make $2000/m with ET (by renting hash in Nicehash/fixed price), how much should I sped on Nicehash?
I searched a lot but couldn't understand the cost and profit for buyers in Nicehash.
I have a question:
If I want to make $2000/m with ET (by renting hash in Nicehash/fixed price), how much should I sped on Nicehash?
I searched a lot but couldn't understand the cost and profit for buyers in Nicehash.
You can make 2k in a month but the initial investment will be a big one. You need 3 motherboards each with 6 GPU-s support (Biostar TB250 or ASrock H81 PRo BTC) and 6 RX 580 overclocked in each board. 6 cards of these ones overclocked will net you about just more than 700 USD in a month. Multiplied by 3 is 2100 USD in a month. However the initial cost will be about 8000 usd or a bit more. Now you do the math if it is worth it or not.
Nicehash is renting the rig not building it. I find Nicehash to be confusing. I have used it before about 3 years ago with not much luck. Maybe it changed. Who knows
You can also build yourself a rig and point it to nicehash by using the nicehash software miner. In this case you are renting the hash power to nicehash, kinda like many miners in this area of the forum do. It is not worth to rent from nicehash as it is not profitable. If you rent your own miner you can make some really decent amount of profit considering what GPU-s you have and what is your cost of electricity.
