Hi guys, it's holiday time, there's not much work to do so I have very hard time not doing anything ;)
If you saw my post about crowd funded mining rig operating inside steem ecosystem (cfmroise :D) you probably know where Im going with this post.
All right, so this is an example configuration of the rig:
- motherboard: Gigabyte X370 Gaming Pro (good power section, lots of pcie lanes)
- CPU: Ryzen 1700 (16 threads for Monero mining)
- GPU: GF 1080 (great for VertCoin and ZCash mining)
- RAM: normal 8 gigs (need to check how RAM speed affects Monero mining)
- Power Supply: Corsair RM850X 850W (6 x 8 Pins, good for additional GPUs)
This would cost around 1500 USD (150 SBD).
It would generate 7,5 USD (0,75 SBD) daily.
Power Consumption 1,5 USD (0.15 SBD) daily (0.4 kWh * 24 * 0.15 USD)
Maintaining Fee: 1 USD (so I'm willing to convert the SBD to Fiat + pay taxes, build and maintaing the rig for 1 USD daily :)
Profit: 5 USD (0.5 SBD)
This gives us:
Daily return rate: 0.3% (every invested SBD would give 0.003 SBD daily - and 0.03 SBD daily if the SBD returns to USD peg).
Days needed to return the investment: 333 (and much less if SBD returns to USD peg).
But! There are two variables here.
First the mining of crypto profitability will decrease in a long term because of the new hashing power incoming.
Second, more important, the SBD price may eventually drop to 1 USD peg which means 5 SBD daily profit from 150 SBD investment. Neat.
So this is the basic math. I should be able to fund around 30 SBD so we need 120 more from the investors. The cheapest rig would be around 112 SBD (Ryzen 1600 + GF 1060) so this is also an option.
As you can see this wont bring huge profits instantly, but:
- daily payouts are always good :D
- you will be able to sell your shares if you find a buyer - it should be possible to automate the process
- there's still room upgrade the rig with more / new GPUs
What do you guys think? Would you be interested in investing, is it worth the hassle?
PS. Account @cfminer (from crowd funded miner) is already up and is automatically accepting investments :D You can send like 0.01 SBD to try it out.