Would you guys be able to recommend me a website on which I could see if a GPU would be actually profitable taking into consideration the power consumption and the price of electricity (which is 0.014€ here) ?
Topic: Start to mine cryptocurrencies (Read 391 times)
Hey !
I'd like to know how I could start mining crypto-currencies.
I would invest up to $500 for a machine, I'd need something that can mine different coins (so I guess, GPU based mining? idk really I'm pretty clueless)
What would you recommend I invest in ?
It's not really about making tons of money, but rather be part of the hype!
I'd like to know how I could start mining crypto-currencies.
I would invest up to $500 for a machine, I'd need something that can mine different coins (so I guess, GPU based mining? idk really I'm pretty clueless)
What would you recommend I invest in ?
It's not really about making tons of money, but rather be part of the hype!
If they're selling second hand in your country i would suggest buy a second hand graphics card. You could get more gpu than buying a brand new.
Mining isn't as profitable as it used to be. With this budget, there wouldn't be too many rigs that you can get that can mine efficiently and gain profit. You'd be happy to break even with the power/electricity costs. ROI will awfully be too long its not going to be worth it. But you can always give it a go and get a feel for your self.
In this budget gpu mining will be better. You can build your own rig with Radeon Rx 480, 4 pieces. You can go for ETH mining.
If you have that budget just mine with your gpu, but i dont think that you are going to make a lot of profit because you can only invest 500 bucks, and it is not a huge amount of money.
Maybe you can buy 2 gpus which both gives you $100 a month, or maybe a little bit more.
Take a look at the mining section on this forum, there are a lot of people who will help you to build your own rig.
good luck mate, and try to invest a little bit more if you want to make your roi faster.
Maybe you can buy 2 gpus which both gives you $100 a month, or maybe a little bit more.
Take a look at the mining section on this forum, there are a lot of people who will help you to build your own rig.
good luck mate, and try to invest a little bit more if you want to make your roi faster.
Gpu mining is much better than CPU mining its not worth it honestly if you are just mining in CPU and mostly mine with CPU is XMR not worth it to mine for now.. if you going to invest i heard much more profitable to buy is antminer L3+ for litecoin..
If you don't have budget you can build your own mining rig.. try to build a rig with GTX1050 4 piece or 3 pieces for your $400+ or GTX 1080/ti Much more faster to mine and gain more hash/s
This is just what i experience .. don't use nicehash if you really wanted to make more profit mine directly ethereum ..
If you don't have budget you can build your own mining rig.. try to build a rig with GTX1050 4 piece or 3 pieces for your $400+ or GTX 1080/ti Much more faster to mine and gain more hash/s
This is just what i experience .. don't use nicehash if you really wanted to make more profit mine directly ethereum ..
Definitelly go gpu based rig first to learn more about everything, and in my opininon, gpu is lower-risk than asic mining. Am i right?
You should read more before you start. Stay longer around here. Discuss on mining threads.
Since you want GPU mining, that means altcoin mining - XMR, ETH, ZEC, others - so altcoin mining threads is what you have to read.
Almost forgot, most important in mining is the price of electricity at your end, since if the price is too high, then it's cheaper to buy the coins than mine them.
If your computer is desktop, I would also suggest to just start CPU mining. Not 24/7, only a couple of hours now and then to get the taste, see how the pools are, how the altcoin wallets look like. Also understand about hashes, algorithms, how to start a miner and which one to use... This will not get you any profit, except some learning, to know where to start.
I wanted to do GPU mining too. But electricity here is not cheap, I don't really have the space for it (noise, heat), in the summer I'd have to use extra cooling.. quite some headaches in my case.
Since you want GPU mining, that means altcoin mining - XMR, ETH, ZEC, others - so altcoin mining threads is what you have to read.
Almost forgot, most important in mining is the price of electricity at your end, since if the price is too high, then it's cheaper to buy the coins than mine them.
If your computer is desktop, I would also suggest to just start CPU mining. Not 24/7, only a couple of hours now and then to get the taste, see how the pools are, how the altcoin wallets look like. Also understand about hashes, algorithms, how to start a miner and which one to use... This will not get you any profit, except some learning, to know where to start.
I wanted to do GPU mining too. But electricity here is not cheap, I don't really have the space for it (noise, heat), in the summer I'd have to use extra cooling.. quite some headaches in my case.
That's kind of you, thank you!
I'm checking it out right now!
I'm checking it out right now!
I can't actually suggest you any GPUs since I don't think I'm knowledgeable enough on this field. Instead, I would like to suggest a calculator for you to easily compute the profitability of most cryptocurrencies available for mining. Just wait a bit for people to suggest you some GPUs.
Link: https://www.coinwarz.com/calculators
Best of luck!
Link: https://www.coinwarz.com/calculators
Best of luck!
Hey !
I'd like to know how I could start mining crypto-currencies.
I would invest up to $500 for a machine, I'd need something that can mine different coins (so I guess, GPU based mining? idk really I'm pretty clueless)
What would you recommend I invest in ?
It's not really about making tons of money, but rather be part of the hype!
I'd like to know how I could start mining crypto-currencies.
I would invest up to $500 for a machine, I'd need something that can mine different coins (so I guess, GPU based mining? idk really I'm pretty clueless)
What would you recommend I invest in ?
It's not really about making tons of money, but rather be part of the hype!
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