I HAD A FEW BREHS ASK ABOUT CRYPTO MINING RECENTLY SO I MADE THIS THREAD.
I RECENTLY JUMPED INTO IT AND I MINE FOR PASSIVE INCOME. NOW I'LL BE THE FIRST TO SAY THIS. THE INVESTMENT IS KINDA HEAVY UP FRONT BUT THE ROI RUNS BETWEEN 8 MONTHS TO 2 YEARS DEPENDING ON WHAT EQUIPMENT YOU BUY VS. WHAT COINS YOU MINE. RIGHT NOW, GPU MINING ETHEREUM IS THE MOST PROFITIBLE WITH NOT MUCH RISK.
CURRENTLY, THERE ARE 3 MAIN TYPES OF MINING. FIRST, YOU HAVE CPU MINING. UP UNTIL RECENTLY CPU MINING WASN'T VERY PROFITABLE. LATELY, WITH THE NEW AMD CPU'S, CPU MINING HAS MADE A COMEBACK. THE UPFRONT COST IS A LITTLE CHEAPER BUT THE PROFIT IS LOWER.
THE NEXT TYPE IS THE MOST POPULAR AT THE MOMENT. GPU MINING USES COMPUTER GRAPHICS CARDS TO DO THE GRUNT WORK. USING MULTIPLE PCI -E SLOTS ON A MOTHERBOARD, YOU CAN GET UP TO 19 CARDS ON A SINGLE PURPOSE BUILT MOTHERBOARD. THE TOP END CARDS GENERATE UP TO $7 A DAY. 7X19X30 ($3990) AND YOU GET A CRAZY AMOUNT OF MONTHLY INCOME AFTER YOU GET YOUR ROI. THE HARD PILL TO SWALLOW IS THE UP FRONT COST. EACH OF THOSE CARDS WILL RUN CLOSE TO $2500 A POP. (19X 2500= $47500) AT $3990 A MONTH, YOU WILL GET YOUR MONEY BACK IN 11 MONTHS AND SOME CHANGE. THIS IS ON THE TOP END AND DOESN'T FACTOR IN THE EXTRA 700ISH BUCKS YOU NEED FOR THE REST OF THE PARTS FOR THE RIG. YOU'LL BREAK EVEN AT ABOUT 12 MONTHS. AFTER THAT, YOU'RE PROFITS WILL BE AROUND $3990. THESE ARE THE CURRENT NUMBERS FOR MINING ETHEREUM AT CURRENT PRICES. THESE NUMBERS FLUCTUATE WILDLY SOMETIMES.
THE LAST METHOD IS THE BIG DADDY OF THEM ALL, ASIC MINING. ASIC MINERS ARE PURPOSE BUILT TO DO NOTHING BUT MINE. THEY ARE THE MOST EFFICIENT AT MINING BUT HAVE NO OTHER PURPOSE. THE PRICE OF ENTRY IS HIGH WITH THESE BUT THE PROFITS ARE JUST AS HIGH. THERE ARE 2 MAJOR DRAWBACKS WITH ASIC MINERS. THEY BECOME OBSOLETE MUCH FASTER THAN GPU'S AND ONCE THEY ARE NO LONGER PROFITABLE, THEY ARE JUNK. UNLESS A COIN PRICE GOES THROUGH THE ROOF, THEY LAST ABOUT 3 YEARS BEFORE BEING OUTCLASSED. THE GOOD NEWS IS YOU MAKE ROI LONG BEFORE THAT. CURRENTLY, THE BIG DOG IN THIS CLASS IS THE GOLDSHELL KD5. AT IT'S HEIGHT IT WAS GENERATING ABOUT $400 DOLLARS A DAY. THAT'S INSANE FOR IT'S $65K PRICE TAG. YEARLY INCOME AT $146K. THE ONE COIN THAT IT'S CAPABLE OF MINING (KADENA) IS VERY VOLATILE THOUGH. THERE ARE MANY OTHER ASIC MINERS AVAILABLE WITH VARYING PRICES AND MINING CAPABILITIES. MY SUGGESTION IS TO AVOID THE BIG MACHINES AND SETTLE MID RANGE. THAT WAY YOU DON'T PUT ALL YOUR EGGS IN ONE BASKET. RATHER THAN SPEND 65K ON 1 MINER I WOULD SPLIT THAT INTO 3 22K MINERS AND MINE 3 DIFFERENT COINS.
THIS IS JUST THE BASICS ABOUT THE TOPIC. AS I GET TIME. I'LL GO MORE INTO GPU/CPU MINING SETUPS AND WHAT TO EXPECT. I REALLY THINK THAT THIS WOULD BE A PRETTY DECENT LIL THING FOR THE BREHS TO JUMP OFF INTO. RIGHT NOW, I'M GENERATING JUST OVER 400 A MONTH WITH MY LIL PUSS ASS RIG BUT I'M UPGRADING AS THE CARDS BECOME AVAILABLE. I'VE INVESTED ABOUT 4K SO FAR.
I RECENTLY JUMPED INTO IT AND I MINE FOR PASSIVE INCOME. NOW I'LL BE THE FIRST TO SAY THIS. THE INVESTMENT IS KINDA HEAVY UP FRONT BUT THE ROI RUNS BETWEEN 8 MONTHS TO 2 YEARS DEPENDING ON WHAT EQUIPMENT YOU BUY VS. WHAT COINS YOU MINE. RIGHT NOW, GPU MINING ETHEREUM IS THE MOST PROFITIBLE WITH NOT MUCH RISK.
CURRENTLY, THERE ARE 3 MAIN TYPES OF MINING. FIRST, YOU HAVE CPU MINING. UP UNTIL RECENTLY CPU MINING WASN'T VERY PROFITABLE. LATELY, WITH THE NEW AMD CPU'S, CPU MINING HAS MADE A COMEBACK. THE UPFRONT COST IS A LITTLE CHEAPER BUT THE PROFIT IS LOWER.
THE NEXT TYPE IS THE MOST POPULAR AT THE MOMENT. GPU MINING USES COMPUTER GRAPHICS CARDS TO DO THE GRUNT WORK. USING MULTIPLE PCI -E SLOTS ON A MOTHERBOARD, YOU CAN GET UP TO 19 CARDS ON A SINGLE PURPOSE BUILT MOTHERBOARD. THE TOP END CARDS GENERATE UP TO $7 A DAY. 7X19X30 ($3990) AND YOU GET A CRAZY AMOUNT OF MONTHLY INCOME AFTER YOU GET YOUR ROI. THE HARD PILL TO SWALLOW IS THE UP FRONT COST. EACH OF THOSE CARDS WILL RUN CLOSE TO $2500 A POP. (19X 2500= $47500) AT $3990 A MONTH, YOU WILL GET YOUR MONEY BACK IN 11 MONTHS AND SOME CHANGE. THIS IS ON THE TOP END AND DOESN'T FACTOR IN THE EXTRA 700ISH BUCKS YOU NEED FOR THE REST OF THE PARTS FOR THE RIG. YOU'LL BREAK EVEN AT ABOUT 12 MONTHS. AFTER THAT, YOU'RE PROFITS WILL BE AROUND $3990. THESE ARE THE CURRENT NUMBERS FOR MINING ETHEREUM AT CURRENT PRICES. THESE NUMBERS FLUCTUATE WILDLY SOMETIMES.
THE LAST METHOD IS THE BIG DADDY OF THEM ALL, ASIC MINING. ASIC MINERS ARE PURPOSE BUILT TO DO NOTHING BUT MINE. THEY ARE THE MOST EFFICIENT AT MINING BUT HAVE NO OTHER PURPOSE. THE PRICE OF ENTRY IS HIGH WITH THESE BUT THE PROFITS ARE JUST AS HIGH. THERE ARE 2 MAJOR DRAWBACKS WITH ASIC MINERS. THEY BECOME OBSOLETE MUCH FASTER THAN GPU'S AND ONCE THEY ARE NO LONGER PROFITABLE, THEY ARE JUNK. UNLESS A COIN PRICE GOES THROUGH THE ROOF, THEY LAST ABOUT 3 YEARS BEFORE BEING OUTCLASSED. THE GOOD NEWS IS YOU MAKE ROI LONG BEFORE THAT. CURRENTLY, THE BIG DOG IN THIS CLASS IS THE GOLDSHELL KD5. AT IT'S HEIGHT IT WAS GENERATING ABOUT $400 DOLLARS A DAY. THAT'S INSANE FOR IT'S $65K PRICE TAG. YEARLY INCOME AT $146K. THE ONE COIN THAT IT'S CAPABLE OF MINING (KADENA) IS VERY VOLATILE THOUGH. THERE ARE MANY OTHER ASIC MINERS AVAILABLE WITH VARYING PRICES AND MINING CAPABILITIES. MY SUGGESTION IS TO AVOID THE BIG MACHINES AND SETTLE MID RANGE. THAT WAY YOU DON'T PUT ALL YOUR EGGS IN ONE BASKET. RATHER THAN SPEND 65K ON 1 MINER I WOULD SPLIT THAT INTO 3 22K MINERS AND MINE 3 DIFFERENT COINS.
THIS IS JUST THE BASICS ABOUT THE TOPIC. AS I GET TIME. I'LL GO MORE INTO GPU/CPU MINING SETUPS AND WHAT TO EXPECT. I REALLY THINK THAT THIS WOULD BE A PRETTY DECENT LIL THING FOR THE BREHS TO JUMP OFF INTO. RIGHT NOW, I'M GENERATING JUST OVER 400 A MONTH WITH MY LIL PUSS ASS RIG BUT I'M UPGRADING AS THE CARDS BECOME AVAILABLE. I'VE INVESTED ABOUT 4K SO FAR.
