The Most Profitable Crypto Mining Yet – PlayKey

Are you a crypto miner? Do you mine Bitcoin and Ethereum and the rest of the altcoins like LTC, MNR, ZEC, DASH etc? If you are a miner, then you must be facing the same fate like myself and that is that mining is getting less and less profitable, unless you are living in a place with near zero cost electricity. Crypto mining is not earning as much as early 2017. We all need a new way of mining that can generate better returns.   

I own 2 mining rigs with 6 Nvidia 1080 GPU and currently I am only getting about 1.5 Eth per month. Last month before the hard fork, it was worse and I was getting only 1.1 Eth. So I have been hunting for a better coin to mine. And I think I have found the solution and this is not only going to be very profitable to mine using Nvidia GPUs, it is also going to be fun!   

PlayKey is a startup that is launching an ICO on this 1st November and their product is game steaming whereby gamers play PC games using the Nvidia GPU servers provided by Playkey. Playkey intends to launch an ecosystem which will allow miners to participate by connecting our mining rigs to the ecosystem. In this way, our mining rigs will be used by gamers for gaming and not just pure mining and we will get paid as miners.   

This sounds cool but is it really going to be profitable?    

First of all, there are plenty of gamers who do not have good enough hardware to play the latest games. According to data from Steam, 81% of gamers are not able to play Dishonored 2 at the high graphics quality as they do not have the appropriate GPU. Moreover about 70% of gamers cannot play AAA games properly. Playkey has been operating for the past 4 years providing a service call Game Streaming to gamers and they have 100,000 customers monthly right now. This is very cool for gamers as they do not have to buy a gaming desktop and can play the latest games for a small monthly subscription.    

And for us, miners, we get to rent out our mining GPUs for these gamers to stream their games and we get paid. This is going to be great news for thousands of miners who have already bought the top end Nvidia GPUs and am unable to recoup the costs. And if you know gamers, once they get addicted to a game, they will be playing day in day out. Even better news for us, since we get paid so long they play on our rigs.  

Do we need to upgrade our mining rigs?   

Depends. We need to ensure we can meet the Service Level Agreement (SLA) by PlayKey which is to make sure that the gamers experience is optimized as he is the paying customer. But the latest information from Playkey is that we will need the following specs:  

- Inter Core i7 processor 

- 16 GB of RAM 

- NVIDIA GeForce GTX 1080 GPU gaming card  

If your mining rig has this specs, you should be ready to go. Else a simple upgrade should be enough to become a PlayKey miner. Of course you would need a high speed internet connection, else the game streaming would be laggy. A 60 Mbits should be sufficient. I myself have a 200Mbits connection at home so I intend to run a few PlayKey rigs.   I have also received information (via PlayKey Telegram) that it is possible to support multiple gamers on the same rig especially if we have multiple GPUs on the rig. This will definitely increase the earnings for us miners.  

From PlayKey’s article on PlayKey mining, it would be possible to earn a minimum of $150 a month using a single GPU with only 10 hours of mining on average a day. From Playkey conservative calculations, we can earn about $340 (after deducting playkey’s fees of 25%) per month per rig (single GPU). I should think a rig with multiple GPU should be able to easily double that number. This will make PlayKey mining the most profitable mining in the world.   Getting back the cost of our rigs should take less than 6 months with such returns and after that we will be earning pure profits less electricity costs. With a minimum $340 revenue, or possibly $680 (multiple GPUs rig), I would be able to generate for myself a decent income with a small farm.  

My Mining Plan   

I will switch my rigs to PlayKey mining ecosystem the moment Playkey start accepting miners and I will be monitoring the returns and usage. If the returns is as per the above numbers, I will be building a Gaming farm with 10 rigs. That will provide me with a decent monthly return. I will provide an update on this venture when I start mining with PlayKey. Do keep a lookout for my report.    

The other possibility to look out for is the mining server auction by PlayKey. They intend to acquire servers and auction them out for PKT, so we as investors can also buy from PlayKey in a similar fashion like cloud mining. I will also be watching this development and compare the cost of running my own farm versus buying the servers from PlayKey.