Help new miner with simple answer

legendahomer said:

Hello. I will be quick, dont want to waste your time. I'm planning to put rig, buy everything and start mining with 4x RTX 3060 (LHR).
By the profitability miner calculator -> https://whattomine.com/ ( not affiliate or anything similar ) they say i should expect 8.50$ pure profit/day for ETH. This is backed with couple of other reputable sites.

If nothing major happen to the market, can i expect earn around 8.50$ every single day in next month ( i'm aware of price fluctuation on daily basis, and its all fine if its +/- 10% ) or it depends, so one day i dont earn anything 0$, next day 2.33$, next day 8.50$, next day 1.12$ and so on?
I'm looking for somewhat stable income, and 8.50$ is more than enough for me.

Which one is correct?

Calculations are made for Etherium but im interested also in ravencoin, ergo, etherium classic, etc..

As everything i know there are a lot of variables but...
I tried with Google but didn't find my answer.

Thanks to everyone that puts time into answering question.

Click to expand...

legendahomer said:

Hello. I will be quick, dont want to waste your time. I'm planning to put rig, buy everything and start mining with 4x RTX 3060 (LHR).
By the profitability miner calculator -> whattomine.com ( not affiliate or anything similar ) they say i should expect 8.50$ pure profit/day for ETH. This is backed with couple of other reputable sites.

If nothing major happen to the market, can i expect earn around 8.50$ every single day in next month ( i'm aware of price fluctuation on daily basis, and its all fine if its +/- 10% ) or it depends, so one day i dont earn anything 0$, next day 2.33$, next day 8.50$, next day 1.12$ and so on?
I'm looking for somewhat stable income, and 8.50$ is more than enough for me.

Which one is correct?

Calculations are made for Etherium but im interested also in ravencoin, ergo, etherium classic, etc..

As everything i know there are a lot of variables but...
I tried with Google but didn't find my answer.

Thanks to everyone that puts time into answering question.

Click to expand...

jeffro89 said:

@legendahomer
Its gonna be stable but dont listen to those calculators. The real data will come when you have been mining for a week +...

I suggest you surround yourself with other crypto miners. None of those guys are on here. I used to mine but stopped in 2015.

You will have 100s questions and they wont be efficiently answered here.

It depends on the pool you mine in, hardware, hardware quality, and whether or not you overclock. I did overclock my cards back in the day but you gta do some technical stuff like flashing the bios etc etc.
AND if you dont know what your doing, there goes a very expensive graphic card down the loo.

So yeh, plug them in and see...

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Stewielenor said:

Not a good time to start mining eth 2.0 soon?

Most miners have either sold/ selling their rigs or switching to other coins

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akunbajak said:

Yes, unless there is major crash happen on the coin you mine.
But Ethereum should be the most stable coin currently

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Salamouna said:

You won't have days with 0
It's mostly +-10% only
It's good time to start

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alurosu said:

One very important thing to consider is the network hashrate. If many miners decide to come online next month, your earnings will drop significantly. It's very hard to predict how many miners join or leave in 6-12 months. From a business standpoint you are in profit only after you pay off your initial investment and it's hard to estimate how many months it will take with variable mining difficulty.

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Verified BM FB store said:

The average payback in mining is 12-14 months for 30 series cards **.
Now, in my opinion, is not the best time to start mining. The market is overheated and it is worth waiting for the drop in the value of Ethereum.
To make your profitability more stable, I recommend connecting to one of the pools. Then you will receive your share of the total pool reward.

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Gogame1 said:

May i know how much is your total investment in it?

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legendahomer said:

Thanks for feedback. For the moment i paused that. We will see later. I might need to start mining, idk atm.
Its really hard to know what will happen. I got luck to live in country where price of electricity is around 0.045$ so its pretty cheap.
And on other hand i can get cards next to nothing, so its not problem in that either. Its just, im scared of connecting rig and not earning what is " promised " or shown by calculators.
I got dropshipping in place, will scale the shit out of it. I
As i said we will see on 1 of september, will i start that or not.
I'm not super excited for raven coin / ergo / etc.. profits, because when all miners from eth come to them, difficulty will go to roof, thus demolishing profitability. But it doesnt have to be like that.

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tidelow said:

Take it from a previous employee of Genesis Mining, you will not turn a profit. Even from most well known/trusted cloud mining companies, the mining contracts have clauses that will suck your profits dry before you reach the "minimal payout", high "maintenance/electricity fees" and when your mining contract isn't profitable for more than 2-3 months it voids and you lose everything.

The only people making money of cloud mining are the operators and the affiliates that shill it. Remember CryptoNick?

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