RE: How I Mine for Steem Power and Get Weekly SP Boosts: Nicehash ➥ Blocktrades ➥ Steemit Wallet 😁
They aren't bad, takes quite a few of them to stack up to something you can get in the $500 range but if you buy one and add to your collection it should do you great. Biggest thing with mining is it will take money to really make money. I am not in that realm, been buying used miners myself and just growing a collection over time lol. I will say though since I build my gaming rig and put my GTX 1080 to mining with it, thats when it hit me why people build this mining rigs with GPUs lol...$60 a week with one card is great but a few more and pull in almost $200 in Steem Power a week so I make more on articles and upvoting would really end up being an investment later I believe. Its a tricky game mining, I found that out when I bought 2 old antminer s4s and found out my electricity bill was higher than what I made in profits in the first month, I let those 2 sit and collect dust now lol
Haha but part of the problem is that I don't have a collection to add to! I'm about 80% clueless when it comes to mining, but I want to get into it! Especially while scrypt is still still relatively young-ish (compared to SHA-256). I'm looking for the best bang for the buck. Power consumption isn't the biggest issue because I split a bill with several roommates. I really like all of the gadgetry ad flashing LEDs, but I just don't know where to start and don't want to just take a leap of faith and blow a lot of money that only returns losses, ya know?
I would say in your case to maybe go towards getting you a decent scrypt to start out with. Maybe a zeus miner or a used gawminer falcon, thats what I started with and while it doesn't return a lot it does return the investment. To be a serious miner though now a days your looking at a couple grand for something that will actually give you some profits. GPU mining is also another best bet option, but that is about $500 at the moment for a decent card to mine with.