So, you think you want to mine? First some comments:
- Crypto is essentially the Wild West of 1850, so beware. You may have invested in securities or junk bonds, but the risks in this space cannot be underestimated.
- I provide no financial advice, period.
- Do your research. Crypto is not regulated (yet). That means you can’t go to your broker for advice. Make up your own informed mind and try not to get distracted by momentum observed or pitched by others.
OK, you are not deterred. Getting started is not that difficult.
- Choose a coin. This will drive your decision making. You can come back and choose another coin for diversification (if there is such a thing in this space). A fantastic resource is whattomine.com. Tons of information. If you get into mining, please remember to make a contribution to their cause.
- The coin is going to determine the algorithm used and therefore the hardware. Don’t let the hardware push you in a direction.
- Choose a budget. I think this is very important. Please don’t invest what you don’t have (see #1 deterrent). I personally buy used equipment to stretch my budget.
|Ethereum (ETH)||Ethash||GPUs (i.e. GTX3060)|
|Bitcoin (BTC)||SHA-256||ASIC (i.e. S17e)|
|Litecoin (LTC)||Scrypt||ASIC (i.e. L3+)|
|Ravencoin (RVN)||KowPow||GPUs (i.e. RX470)|
Now you have a target coin and a budget. With that information, I can guide you towards the best current ROI hardware solution. I have reputable sources for new and used equipment. I will configure and test the equipment for you prior to shipping it.
Payment is in installments. 20% at contract, 30% when I receive the hardware, and 50% at time of shipment to you.