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My base loc is Bengaluru, but currently I am not mandatorily required to work from office, and have been working from home since I joined Deloitte in July. Should I talk to my manager and go back to my hometown Kolkata and work from there? Staying in PG all day and working from here is not quite feasible for me. Suggest pls. Deloitte India
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Hmm... Hard to get and overpriced
Most chip makers are pushing their resellers to sell to gamers and not miners lol
Mining is a relatively “safer” way to get into crypto, because if you end up losing everything you can still recover about half your initial investment at the least. That being said you need to know how to build a computer first, otherwise it’ll probably overwhelm you, you’ll probably do something wrong and end up breaking some expensive parts. If you have the time, money and patience it can be a fun way to get into crypto, otherwise just buy whichever currency you planned on mining
I built a small rig for fun, and then built a way bigger one once I saw how profitable it was becoming. That being said, the parts were inflated due to scarcity and now have literally doubled in price over the last 2 weeks, even at big box stores (i.e. microcenter and Best Buy). If everything drops a bit then get into it, but most likely just trade the coins like everyone else
I've looked into it. I think a lot depends on whether you have dedicated space where you have have hot, loud equipment running. Then a matter of calculating how long it would take to recoup your equipment investment factoring in your electricity costs.
I live in the Midwest where electricity is cheap, I haven’t ran my heat in a few weeks because of all the mining equipment. Keeps my place at a nice 72 degrees (1400 sqft condo and 30 degrees outside) and noise is negligible. Worried about the summer cooling and electric price hike
Profits dropped in the last week. Was making $10 per card early January but back to $6. Glad I bought all my equipment in nov to dec when it was msrp. Only did 2 rigs because of heat come summer. Probably will just really under clock them to limit the need to crank the AC to keep them cool.
I Rock all Evga hybrid 1080ti
1080ti for mining? Please tell me you’re not going for ETH or at least dual mining?
Running nist5 and lyra2
$4 a card.
Is that per month?
Per day per card
So if you get 50 cards you can basically quit your job as you would be making $200 a day doing nothing but mining?
Essentially yeah. I have 10x 1070 on one rig and 5x 1050ti + 1x 1060 on another. I make $35/$13 respectively. So at 50 cards (using 1070’s for easy math) you could net $175/day. But due to the scarcity and people wanting to get involved it would cost 50-60k to do that today (whereas my entire investment is 8k in the already inflated December time period). So 50-60k is roughly 300 days to ROI not counting increasing difficulty, price flux, and energy costs
Ha. I ran the math at the start of this and it would take a huge investment to make a living on it
I can’t live on $73k a year. I used $200k as a goal. After energy costs that’s more like 180 1080tis in say 30 rigs. It would be drawing 47k kw hours of power. That’s 136 times more normal electric bill. So you would need to rent a place. Then add cooling costs, none of which is in my above numbers because I have no idea what that would be. Lastly you have increasing difficulty so unless the coins values increase with difficulty my earning will drop over time. Also those 30 rigs cost 170k