AltCoin Mining 2017?

tGoHS said:

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.

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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?

IamNRE said:

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

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

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 $$

kromik100 said:

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 $$

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Which coins for instance?

Account Olaf said:

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

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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