Mining is actually a sideline for many people, who want to use their spare time or spare funds to give themselves more income. Having said that, the sideline can also be considered a project investment, such as mining Ethereum and FIL, with different miners working in different currencies. So how much money does this mine cost? Let’s first analyze how much money does it take to invest in mining Ethereum?
Mining is called mining because it is a process in which miners go to great lengths to obtain Ethereum. For miners, the biggest concern has always been the growing computational complexity of securing blocks, and it has. In order to make mining profitable, miners have invested a lot of money in research and development, more advanced solution algorithms and more efficient hardware.
Ethereum mining is the rise of recent years, through mining to get Ethereum is not an enigmatic technology, I believe everyone knows that mining to get Ethereum requires mining machine, mining machine calculation rate directly determines the speed of digging out Ethereum, so the higher the mining rate, the higher the price will be. The cost of a day of Ethereum mining has a direct impact on the computing power of the mining machine. The higher the computing power of the mining machine, the higher the daily income, the less the cost, and of course, the more expensive the price of the mining machine will be.
Graphics cards are the most important part of the mining machine because they actually work in solving the equation of mining cryptocurrency in Blockchain. Most mining equipment includes at least six video cards. It is also often the most expensive part of the mining equipment. The more powerful the graphics cards are, the faster they can solve equations, which is known as the hash rate. But each of the most powerful graphics cards now commands a premium of more than 3-5 times the price of the graphics card itself, a charge that will surely cut into Ethereum’s margins.
Ethereum mining does not need to use special ASIC mining machine, using graphics card can be mined. In general, when individual investors participate in mining, they buy mining machines and directly trust the equipment to the mine. The mine will charge electricity and monthly maintenance fee. In addition, if the equipment is damaged, the mine repair will also require participants to pay. All this is something that retail miners need to think about carefully before getting involved.
Why dig instead of just buying? Mining is the source of the digital currency, so the primary market is always the lowest cost. Direct purchase only the price rises to have the benefit and the quantity remains the same, “mining” the increase in the number of colleagues income is also increasing, will not look at the short-term rise and fall and the current income, the final income only depends on what price you sell, how much profit mainly depends on their own cognition of the currency.