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108 days and afterwards you make $1,500 income per month and you could travel the world and never have to work again if you don't want to? Sounds like a pretty

108 days and afterwards you make $1,500 income per month and you could travel the world and never have to work again if you don't want to? Sounds like a pretty good deal. What you didn't take into you account as well was the fact that this is $3,000 if Ethereum doubles in price, $4,500 if it tripes like you specified.

corford 9y ago
That income is not coming from mining Ethereum and, as time goes on, the amount of any coin you can mine diminishes (sometimes rapidly). The only way to avoid diminishing mining returns as difficulty increases is to swap to a new, lesser known coin. Eventually you run out of coins to swap to or the ones you are mining don't go up in value (because if they did, bigger miners would come in and knock you out of the game as the difficulty shoots up). All the time your GPUs are ageing too. If you want a steady income with arguably a lesser risk profile and more staying power than personal mining offers, why not put some money in to coins that offer node payouts?
- wellboy 9y ago
  It isn't really hard to mine profitably, you can look up which ones are profitable and choose out of over 1,000 coins, of which 100 are already above market cap of $500M, so that's not the bootleneck.
  - corford 9y ago
    Yeah but you're forever capped at meager returns. As soon as a coin's value increases, more mining hash power enters the scene and difficulty shoots up (ruining your profit margin). You then swap to another coin, eventually the same thing happens. Rinse, repeat. During all of this, you still have to make back your initial investment on the GPUs and power, then you have usually another 6-9 months max before your entire rig is too outdated and you have to start again buying newer, faster cards (which will then take you another 3-5 months just to earn back your cost). Just seems a very painful and slow way to cash in on the crypto bonanza (which isn't going to last forever).
- Fnoord 9y ago
  If you want a steady income with arguably a lesser risk profile why not simply invest in low risk stock market? There's no way all these coins [1] retain proper value compared to NASDAQ [2]. Take AAPL for example: ~48% [3] in one year. GOOGL for example: ~36% [4] on one year. [1] https://whattomine.com/calculators https://whattomine.com/calculators [2] http://money.cnn.com/data/hotstocks/index.html http://money.cnn.com/data/hotstocks/index.html [3] http://money.cnn.com/quote/quote.html?symb=AAPL http://money.cnn.com/quote/quote.html?symb=AAPL [4] http://money.cnn.com/quote/quote.html?symb=GOOGL http://money.cnn.com/quote/quote.html?symb=GOOGL

corford 9y ago

That income is not coming from mining Ethereum and, as time goes on, the amount of any coin you can mine diminishes (sometimes rapidly). The only way to avoid diminishing mining returns as difficulty increases is to swap to a new, lesser known coin. Eventually you run out of coins to swap to or the ones you are mining don't go up in value (because if they did, bigger miners would come in and knock you out of the game as the difficulty shoots up). All the time your GPUs are ageing too. If you want a steady income with arguably a lesser risk profile and more staying power than personal mining offers, why not put some money in to coins that offer node payouts?

wellboy 9y ago
It isn't really hard to mine profitably, you can look up which ones are profitable and choose out of over 1,000 coins, of which 100 are already above market cap of $500M, so that's not the bootleneck.
- corford 9y ago
  Yeah but you're forever capped at meager returns. As soon as a coin's value increases, more mining hash power enters the scene and difficulty shoots up (ruining your profit margin). You then swap to another coin, eventually the same thing happens. Rinse, repeat. During all of this, you still have to make back your initial investment on the GPUs and power, then you have usually another 6-9 months max before your entire rig is too outdated and you have to start again buying newer, faster cards (which will then take you another 3-5 months just to earn back your cost). Just seems a very painful and slow way to cash in on the crypto bonanza (which isn't going to last forever).
Fnoord 9y ago
If you want a steady income with arguably a lesser risk profile why not simply invest in low risk stock market? There's no way all these coins [1] retain proper value compared to NASDAQ [2]. Take AAPL for example: ~48% [3] in one year. GOOGL for example: ~36% [4] on one year. [1] https://whattomine.com/calculators https://whattomine.com/calculators [2] http://money.cnn.com/data/hotstocks/index.html http://money.cnn.com/data/hotstocks/index.html [3] http://money.cnn.com/quote/quote.html?symb=AAPL http://money.cnn.com/quote/quote.html?symb=AAPL [4] http://money.cnn.com/quote/quote.html?symb=GOOGL http://money.cnn.com/quote/quote.html?symb=GOOGL