Cryptocurrency Mining Setup

[assuc]

hi all Pgers'
hope you are doing well.
So i have been reading and searching for crypto currencies for a month now.
I am thinking to setup a cryptocurrency miner for BTC or ETH (altcoin).
To mine you need to keep in mind following for the setups.
1. cheap electricity
2. good environment to run system
3. Trustable location (if setting abroad)

Has anyone here with experience of setting up the miner in Pakistan or outside pakistan(preferable). what is the profitability ratio?

 

[TheDark]

I recommended cloud mining if you are in Pakistan because of the temperature here especially now a day

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[assuc]

can you elaborate cloud mining?

I recommended cloud mining if you are in Pakistan because of the temperature here especially now a day

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[TheDark]

can you elaborate cloud mining?

There are websites online they have full mining setup and stuff you just need to create a account and buy some server power for some money and the mining from the power is your to use for mining they keep a little cut but unless you are going to created a full 8x GPU rig that cut is fair ( I have not yet started but after eid I will put some money in )

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[TheDark]

https://www.genesis-mining.com calculate profit before putting money and understand that this has risk involved

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[assuc]

That's cool. let me do a study on this.

There are websites online they have full mining setup and stuff you just need to create a account and buy some server power for some money and the mining from the power is your to use for mining they keep a little cut but unless you are going to created a full 8x GPU rig that cut is fair ( I have not yet started but after eid I will put some money in )

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[LiV3 WiR3]

Won't suggest building a mining rig atm. We're in a bubble stage in cryptocurrency atm, and it can pop at any time. You might not even be able to ROI. If you plan on mining to hold your coins and sell when they go up in value, then it's fine, but you'll have to wait long for it. mining & selling immediately might make you lose some money.

 

[TheDark]

Won't suggest building a mining rig atm. We're in a bubble stage in cryptocurrency atm, and it can pop at any time. You might not even be able to ROI. If you plan on mining to hold your coins and sell when they go up in value, then it's fine, but you'll have to wait long for it. mining & selling immediately might make you lose some money.

Bit coin is not a bubble but yes will go up and down a lot

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[assuc]

[MENTION=135550]TheDark[/MENTION]
Article 4 – Should I Start Mining Bitcoin? |

what do you think about this?

- - - Updated - - -

payout is not good. also not sustainable for long

https://www.genesis-mining.com calculate profit before putting money and understand that this has risk involved

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[TheDark]

[MENTION=135550]TheDark[/MENTION]
Article 4 – Should I Start Mining Bitcoin? |

what do you think about this?

- - - Updated - - -

payout is not good. also not sustainable for long

It totally depends on your setup try to calculate with a setup that you can think of and then see is the profit worth the trouble

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[assuc]

Ethereum is better than BTC as the difficulty is really high for BTC.

It totally depends on your setup try to calculate with a setup that you can think of and then see is the profit worth the trouble

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[TheDark]

The price is lower so it even most of the time

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[syedfarazahmed]

i am thinking to start this mining work too after eid... and i was looking for a thread like this on PG soo guys what do you think is starting mining is good at this time ?