Crypto mining have become harder and harder nowadays as the number of miners jumping into the crypto market has been growing by leaps and bounds this year. With more and more miners plugging into the mining of Bitcoin and Ethereum, the difficulty has grown to such a point that unless you have cheap electricity, the returns from mining are paltry and would take a long time before you can breakeven. Moreover prices of hardware have been going up since April this year and at one point AMD and Nvidia GPUs were out of stock.
The other way of mining crypto would be to use cloud mining, but trust me, the returns on your investment are also low at this point in time; provided you are not scammed by fly-by-night cloud mining operations.
So Is Crypto Currency Mining Still Profitable?
It could be profitable, if you find the correct coins to mine. Right now, many miners are anticipating when can we start mining for PlayKey tokens. Mining for PKT is not going to be very much different from mining crypto coins like Ethereum in the sense that we will need to set up a mining rig with GPU. But in the case of PlayKey, we will need to ensure that our GPU is at least a NVIDIA GeForce GTX 1080 GPU gaming card. The reason being that PlayKey mining is about leasing your computational power to gamers i.e. the gamers log onto your rig to play games from PlayKey, so PlayKey needs to optimize the gamer experience.
But I Do Not Know How To Set Up a Mining Rig?
If you are not familiar with setting up hardware for a mining rig, do not fret. Mining PKT will really be super easy.
Their basic configuration is as follows:
- Intel Core i7 processor
- 16 GB of RAM
- NVIDIA GeForce GTX 1080 GPU gaming card
If you have a gaming PC now, you may already meet their basic requirements. So you can switch your PC to mining whenever you are not gaming. That way, you can earn back the cost of your gaming PC while letting other gamers ‘play” their games from your PC virtually.
If you are a miner mining GPU coins like Ethereum, you just need to make sure your mining rig fits the above basic specifications and if you want, you can plug multiple GPU cards so that you can support multiple gamers.
If you are brand new and want to mine, you can either order a gaming PC with the above specs, order a GPU mining rigs with the above specs, or even better order a specialized mining rig from PlayKey. PlayKey are working with their partners to produce the hardware (case and internal hardware) so that miners will be able to buy them and start mining. They are going to sell their mining servers in about half a year after the ICO. They will accept PKT for their rigs; demonstrating great confidence in their own tokens!
How much can I earn from mining PKT?
Based on what PlayKey has published, it would be possible to earn upwards of $340USD per month to even $540USD per month. This is after PlayKey has deducted their commission. At the same time, the mining software provided by PlayKey would automatically turn to mining other cryptocurrencies for you when no gamers are leasing your computational power. This is pretty amazing.
I cannot wait for the arrival of this new age of mining.
Relevant Links
Website: https://playkey.io
Whitepaper: https://cdn.playkey.net/img/playkeynet/ico/Whitepaper.pdf
Bitcointalk (Jaredl): https://bitcointalk.org/index.php?action=profile;u=1118743