GPU Mining Questions about GPU Mining vs HOLDING

December 25, 2020

GPU Mining Questions about GPU Mining vs HOLDING

Questions about GPU Mining vs HOLDING
Top crypto mining hardware to expect in 2021
First attempt at mining
Profits are ��!!!!!!!! Thank you 4GB cards!
Does anyone know of a small screen (3.5 inch or so) I could use?

Posted: 25 Dec 2020 03:14 AM PST

I'm a rookie at GPUMining and would like to hear opinion from you guys, please correct me if you see anything incorrect.

Im currently mining with a single radeon VII card earning around 3.8-4 USD everyday. I have around 2000$ in BTC which made me think about this dilemma.

Buying a mining rig consisting of 5 5700XT. Earn up to $8.7 Per Day (according to whattomine) after deducting electricity costs in my country. Which would take 220+ Days in order to ROI if the mining payouts manage to be stable and does not decrease.
Just holding the btc/ethereum without purchasing a rig

I'm not sure which would bring more profit since I'm not really familiar with mining

Im currently uncertain about

If I purchase this AMD rig, it seems current algorithms are paying out high due to ethash. If ETH really turns to POS, then this rig would be less profitable
From what I know, it seems the mining payout depends on btc price too. It seems when bitcoin was really low, the mining profits were very minor or even unprofitable.
If BTC or Eth grows from the bullish run, I would actually earn more if I hodl my $2000 btc instead on investing it to a rig

TLDR: Not sure if buying a rig or holding btc would be more profitable
Thank you again for all the feedback. Appreciate any input

submitted by /u/yourAverageTechie
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Top crypto mining hardware to expect in 2021

Posted: 25 Dec 2020 06:31 AM PST