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But that's 385 / month revenue? On a setup that's what, $3400 to buy, for seven 1070s? Seems like asking for 10 months to cover capex is a bit thin, given the p
by pfooti 9y ago
But that's 385 / month revenue? On a setup that's what, $3400 to buy, for seven 1070s? Seems like asking for 10 months to cover capex is a bit thin, given the price instability.
- mschuster91 9y ago> On a setup that's what, $3400 to buy, for seven 1070s? Well you can always resell them on the used market after stopping the mining operation and get a decent chunk of the money back...
- beedogs 9y agoOr just, you know, buy ETH with money right now.
- jameskegel 9y agoThat would have got you in trouble a week ago.
- Leilani99 9y ago$85 an hour! Seriously I don't know why more people haven't tried this, I work two shifts, 2 hours in the day and 2 in the evening…And whats awesome is Im working from home so I get more time with my kids. Heres where I went, --->>http://www.joinmate2.com http://www.joinmate2.com
- DanBlake 9y agoHigh risk, high reward. If you buy the average piece of real estate and rent it out, you are looking at 30+ years to cover the cost. You can also lose it all (housing bubble) or quadruple your investment (investing in SF 10 years ago)
- creyes 9y agoalso weird analogy cause the houses value will (theoretically) appreciate... a GPU prolly not so much.
- numbsafari 9y agoWhich is why you use leverage...
- raverbashing 9y agoBarring natural disasters and other extreme events, your real estate risks losing (let's say) 50% of value if you made a good purchase The intrinsic value of 1 BTC is ZERO
- Zpalmtree 9y agoBut you bought the GPU not the BTC? Even if BTC becomes worthless, you still have the GPU to sell
- raverbashing 9y agoTrue, that applies for investing in mining (there's also the electricity you used, but if you live in a cold place you saved on heating so that could be something not lost as well)
- ucho 9y agoBuying ASICs is high risk and (probably) high reward - in event of crash you are left with worthless machines. GPUs will still have some value, even after all crypto currencies drop.
- gwern 9y agoMiners shouldn't be meaningfully exposed since they can sell off their ETH as soon as they mine it (deposit it to an exchange address and sell off every few minutes via an API, or something like that). And while ETH might crash enough to make it no longer profitable and risking your capex, you can switch your GPU to mine whatever is most profitable, so you're more diversified than it looks and insulated from the instability.
- TylerE 9y agoIf Eth crashes (more) and bitcoin continues to drop, no crypto is going to be worth anything.
- deleted 9y ago[deleted]
- AngryData 9y agoBit coin isn't dropping, yeah it had a small peak the last month but it is still at $2300 which was only first achieved in in May.
- flashman 9y agoResale value on the GPUs is also worth monitoring. While it remains high enough, you can discount much of the capital cost because you'll get a high fraction back if you decide to sell the cards.
- deleted 9y ago[deleted]
- stouset 9y agoI doubt resale values on GPUs running at 100% for months on end is going to be high.
- snuxoll 9y agoMiners don't want to push their GPU's that hard, a hardcore gamer may overvolt their card to get a more stable overclock but a miner will undervolt it to run it cooler and increase the life of the card. I'd rather buy a used Fury X off a miner than a gamer.
- justonepost 9y agoGPUs don't depreciate that fast.