Brand new to the mining game - looking to setup a few mining rigs and mine one type of currency - possibly Ethereum? Help would be appreciated

CleanSlate

Supreme [H]ardness
Joined
Mar 28, 2003
Messages
5,231
I've never even setup a wallet or attempted to own any BC or anything either which makes this way worse.

What's the ROI expected out of a few rigs monthly or yearly? How many rigs should I setup to bring in 5k a month after expenses?

This is more of a feeler than anything, thanks!

Someone told me to go LTC..?
 
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sgrinavi

[H]F Junkie
Joined
Jan 18, 2009
Messages
8,302
I've never even setup a wallet or attempted to own any BC or anything either which makes this way worse.

What's the ROI expected out of a few rigs monthly or yearly? How many rigs should I setup to bring in 5k a month after expenses?

This is more of a feeler than anything, thanks!

Someone told me to go LTC..?

It depends on what your rigs are, they vary all over the map in hardware and configuration. You have to do some research and see what makes sense for you. If I were setting up new rigs today it would be a tough call, the 3060tis are kicking ass with low power consumption and tons of hash, but they're so expensive and not easy to get in the USA . I would probably do it with (6) 3060tis That rig would make somewhere around $40-50 a day, right now, so your ROI is in the 120-150 day range, which is decent.

BUT, mining is not reliable, it could drop off tomorrow and you're stuck holding the bag...

EDIT, BTC and LTC are not a GPU games anymore, there is dedicated hardware that you can't compete with.
 
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