AltCoin Mining 2017?

[IamNRE]

Since we are assuming electricity is not an issue to you, I would venture to say that yes, it is indeed worth it.

A few pointers, though:

• forget about 1TH/s, that would be around the 190k$ per day mark
• a realistic figure running a 6 GPU rig will give you about 180 MH/s, and the cost to get it running would certainly not break the bank. I would say you're looking at 3k-ish $ overall. With current rates, your daily return would be some 35$ (about 1k$ per month, give or take a few dozen bucks)
  
• it is fairly noisy, since all 6 GPUs will be running at 100% 24/7, but that is the point when mining
• if you want to increase your hashing power, you can just go ahead and run multiple rigs, especially since electricity costs are defaulted to zero for you
• I would personally stick to ETH mining right now, it is most likely not gonna plummet in price anytime soon
• considering the scarcity of 580/570 cards, you might want to settle for a rig consisting of GTX 1070's, they do the job just fine
• be prepared for some serious heat

Hope this helps, let me know if you need further clarification.

Fascinating thread. Thanks OP and thanks tGoHS for your post.

According to this article, not all countries are made equal when it comes to mining - I hear Iceland and apparently "Venezuela" is one of the best nations to start a mining farm.

https://cointelegraph.com/news/mining-margins-and-where-to-make-the-most-money


Is this a bad deal?:

https://www.aliexpress.com/item/Min...f7ba0e0&transAbTest=ae803_5&priceBeautifyAB=0

And what about buying a solar power battery bank + solar panels and using that to generate electricity in a 3rd world nation with lots of sun?

https://www.alibaba.com/product-det...?spm=a2700.7724838.2017115.193.3465106f5XCiKe

https://www.alibaba.com/product-detail/Complete-unit-5kw-10kw-20kw-inverter_60718691493.html

@Henry IV so, how did you get on? Did you get your investors to get your project off the ground?

 

[Account Olaf]

@Henry IV so, how did you get on? Did you get your investors to get your project off the ground?

Do you think he's still "deeply aroused"?

 

[kromik100]

Only mine small altcoin that you expect will heavily increase in value. Picking coins such as XMR will just leave you with a high electricity bill, and a wide gap between times where you earn $$

 

[Account Olaf]

Only mine small altcoin that you expect will heavily increase in value. Picking coins such as XMR will just leave you with a high electricity bill, and a wide gap between times where you earn $$

Which coins for instance?

 

[Henry IV]

Do you think he's still "deeply aroused"?

I am, I now have a 6 card 1080ti rig making a princely sum of about £8 per day xD That's down from £26 per day but whatever. Not many investments break even in a year