[DeepWeb]

hello,
i'm going to buy in total x50 RTX 3070 to mine ETH, RVN, XMR and much more. ( depends on the best rewards)

do you think it is a good investment for long term? 1-2 years?
anyone has a similar mining rig?
i'm going to buy x10 rtx 3070 each week since it is always out of stock.

ps: electricity bills are really cheap, maximum 25$/month (we have corruption)

posting pictures soon.

[Omniscient]

What price are you getting the cards?

There seems to be a few factors to earning with mining.

1. Cheap and reliable electricity.
2. Heat dispersal.
3. Price of hardware.

If you can ensure all three of those factors is solid I think you'll find a way to make profit.

[PR1V473]

Breaking even at about 7-9 months is a good investment, anything above that I would personally not recommend.

[DeepWeb]

What price are you getting the cards?

There seem to be a few factors to earning with mining.

1. Cheap and reliable electricity.
2. Heat dispersal.
3. Price of hardware.

If you can ensure all three of those factors are solid I think you'll find a way to make a profit.

1,700$ each RTX 3070, it's pretty cheap compared to the other GPUs price in my country.
Electricity is 99% cheaper than the rest of the world, I might be able to unlimited electricity for free as well.
I'm building a room in my house, it will contain many Air cooling systems, fans, a temperature monitor.

tomorrow I'm gonna start with the build, and I'll show the building process (pictures)

will post results as well!

[Bitcoin BTC]

$1700 for RTX 3070 is not cheap

[DeepWeb]

$1700 for RTX 3070 is not cheap

in my country, it is. they're being sold for 1,800$ now.

---

Breaking even at about 7-9 months is a good investment, anything above that I would personally not recommend.

2-3 years holding my mining rig is bad?

[PR1V473]

I bought RTX 3070 for 1150 euros which is around 1390$.

[Russian bear]

$1700 for RTX 3070 is not cheap

check ebay bro they are selling them for 2k and more

[DeepWeb]

I bought RTX 3070 for 1150 euros which is around 1390$.

when did you buy them? because in the over last 2 weeks, it pumped 50% more.

[T0Bi]

1,700$ each RTX 3070, it's pretty cheap compared to the other GPUs price in my country.
Electricity is 99% cheaper than the rest of the world, I might be able to unlimited electricity for free as well.
I'm building a room in my house, it will contain many Air cooling systems, fans, a temperature monitor.

tomorrow I'm gonna start with the build, and I'll show the building process (pictures)

will post results as well!

Holy shit.
Only because you'll find more expensive cards does not mean that 1700$ is cheap.

I bought mine for $500.

Please calculate your ROI because @1700 I don't see that anytime soon. Especially when EIP-1559 gets activated, Ethereum will be losing profitability very fast.

[DeepWeb]

Holy shit.
Only because you'll find more expensive cards does not mean that 1700$ is cheap.

I bought mine for $500.

Please calculate your ROI because @1700 I don't see that anytime soon. Especially when EIP-1559 gets activated, Ethereum will be losing profitability very fast.

yeah, but in my country even if I wanna order from outside, the customs will fuck me and will charge me % and it will still be the same price.


anyway with GPUs, I can mine any altcoin.

check https://whattomine.com/


you're from a first world country, we both have something different :)

you pay 500$ for your GPU, but you also have to pay a lot of bills for electricity.
i pay 1,700$ for my GPU, but I pay nothing for the electricity. so all i will be making will be pure profit,

plus it is impossible to find 3070 for that price, could you check rn and send me a shop/place where i can find for 500$?

[T0Bi]

yeah, but in my country even if I wanna order from outside, the customs will fugg me and will charge me % and it will still be the same price.


anyway with GPUs, I can mine any altcoin.

check https://whattomine.com/


you're from a first world country, we both have something different :)

you pay 500$ for your GPU, but you also have to pay a lot of bills for electricity.
i pay 1,700$ for my GPU, but I pay nothing for the electricity. so all i will be making will be pure profit,

plus it is impossible to find 3070 for that price, could you check rn and send me a shop/place where i can find for 500$?

Assuming $1700 per card and $4.80 profit/card/day it would take you one year to make that money back.
For a normal business that'd be fantastic, but for mining?

Would be too risky for me.

And I just checked, even at my electricity prices (one of the most expensive western countries btw), I'd have my money back after <6 months.

I used bots to buy me and my friends those cards.. I don't scalp/resell but for my own personal use I use bots. You won't find those cards in store.
Bought most of the RTX3070 FE from NVIDIA directly.

[Omniscient]

I would mine XMR. It's undervalued imho so if you mine and can hold it could be an excellent investment.

[T0Bi]

I would mine XMR.  It's undervalued imho so if you mine and can hold it could be an excellent investment.

But that wouldn't make sense financially, would it?
You always mine the most profitable one and then you can buy whatever you want, even XMR.

But unless XMR is the most profitable coin to mine, you're just leaving money on the table.

[shreder]

I would mine XMR.  It's undervalued imho so if you mine and can hold it could be an excellent investment.

I don't believe you can mind XMR with GPUs.