A friend found two RX 480 GPU's for the price of $200 each ! Why not put them to work and mine some crypto.
On my last video I talked about how investing in crypto is more profitable than mining crypto but since my friend bought some GPU's for cheap and we are splitting the cost I have decided to try my hand at mining.
The two most profitable coins right now are both ETH and ETC based on June 20th 2017 prices. I Do feel ETC will go up to $25-$30 soon while the difficulty won't be as high as ETH in the long run.
Looking to add more hash power to the mining rig I will be looking to buy more GPU's. With ETH and ETC prices staying the same I'm looking at 4-5 months to start making profits.
Burst has also grabbed my attention as external hard drives are relatively cheap in comparison to GPU's but as I look at the numbers of mining Burst it takes about 5-6 months to break into profits.
All in all mining for profits takes speculation than the coin your mining will go up in value. In the long run mining pays off in a sideways market.
Being that I'm bullish on ETC I plan to mine that soon!
BUY SELL OR HOLD ! Let me know what your going to do.
http://burstcoin.biz/calculator
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Don't forget that it pays to choose between mining and investment. Miners should also be developers, that way they know what they are doing. Investors/traders should understand the usage for instance how to use it to represent a commodity.
That seems like a long break-even period! Look into nicehash.com, I think you'll recover your investment much quicker that way!
You putting those GPUs to work yet and if so how is it going?
I haven't started mining yet. Hopefully I get all the parts in soon.
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