Hi everyone, I’m currently debating on whether or not I should spend some money and build my own mining rig. I have a few questions below and it would be awesome if someone can help me out… (i’m a noobie!)
1.) …with an electricity rate of around 16¢/kWh is this still profitable / worth it in 2020 and or upcoming years. My goal is to basically break even within a year for whatever GPU / components I choose and then to continue mining after that, is this possible?
2.) Currently have an EVGA GTX 1060 6GB that can mine ETH at 20.5 Mh/s, should I try and get the RTX 3070 which will be like 500$, or should I look for another GPU / multiple cheaper GPU’s for example 2-3 1660’s / etc. Basically, what GPU(s) is worth getting to mine? I saw how popular RX 580/570’s were, but I honestly don’t know what to go for.
3.) If I have the rig setup and running 24/7, will it take lots of maintenance? I basically want to be able to get on with my day while the rig mines, focusing on school and other things, but of course at least checking in often. + cleaning it once a month.
If any of you need to know my budget, I honestly don’t know… 0-600$? I might start off small (ex. one less expensive gpu), but I just want to make sure I don’t make any decisions that I will regret in the future.
Thank you to anyone who helps!