GPU Mining 12 x Sapphire Special Edition RX580 GPU Rig

April 08, 2019

GPU Mining 12 x Sapphire Special Edition RX580 GPU Rig

12 x Sapphire Special Edition RX580 GPU Rig
Thinking of starting a small Mining farm? Rather just Buy Crypto. why not both?
1080Ti or 2080?
Infinity Nodes: SINOVATE Evolved Masternodes

12 x Sapphire Special Edition RX580 GPU Rig

Posted: 07 Apr 2019 12:20 PM PDT

submitted by /u/TheDogeInvestor
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Thinking of starting a small Mining farm? Rather just Buy Crypto. why not both?

Posted: 08 Apr 2019 06:19 AM PDT

I've been hearing the argument around here about "Why mine, buy crypto?" They're right on some fronts. Buying and HODL for years is a far easier task than mining, that we all know here for sure. yet some of us are tech enthusiasts and just love playing with the hardware or dipping our feet into making a small company.

However, I purpose a different plan Why not BOTH! crypto has matured quite a bit that we have now more options for lending/loans. If you have some savings, 5-10K say. Take that, invested in BTC. Then with that BTC take a small loan out to buy the hardware.

Few DeFi's come to mind

https://celsius.network/

https://nexo.io/#

https://blockfi.com/

( I would stay away from SALT considering it was an ICO in 2017)

Nexo offers 16% APR loans but has other advantages, Celsius and BlockFi have low APR rates but typically require more BTC for the loan.

So while you can invest 10K or so in BTC, then take a loan out for 4-5K @ various interest rates, buy the mining hardware/equipment. Which then earns you more crypto to put towards loan(I.E expand it further or getting more equipment) or to pay back the loan. Meanwhile, your BTC investment can continue to grow.

Also, a reminder most banks will not give you a loan for "Cryptomining" or anything to do with "crypto-business" because they see it as high-risk. I wasn't even able to a business checking account at a bank because I mentioned bitcoin.

Obviously, this is NOT FINANCIAL ADVICE more of an Idea.

submitted by /u/Xazax310
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1080Ti or 2080?

Posted: 07 Apr 2019 01:26 PM PDT

Nvidia 1080Ti or the newer 2080?

For mining most algorithms.

2080 is pricey at the moment.

Also thinking about amd rx 580.

Any thoughts?

submitted by /u/vl3k
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Infinity Nodes: SINOVATE Evolved Masternodes

Posted: 07 Apr 2019 04:04 PM PDT