Would you like to earn how to make $200 a day mining Ethereum or ETC with a small initial investment? With the ETH price over $300 today, the opportunity to mine Ether is now extremely profitable! With proof of stake coming for Etherum in November 2017, any mining rig built for Ethereum could still be switched to Ethereum Classic to continue working with the Proof of Work model! In this video see an introduction to what research and purchases are necessary to begin. While I thought mining any cryptocurrency was too technical for me, I now see getting started on a small scale is relatively straightforward with scaling up possible with confirmation the initial system is working.
First, the basics of mining Ethereum are explained at https://www.ethereum.org/ether. Second, the profit estimate tool I used is at https://www.cryptocompare.com/mining/calculator/eth. Third, the website I used to start learning about what graphics cards are needed was https://www.cryptocompare.com/mining#/equipment.
In summary, using a new or used Windows or Linux machine to begin just for mining seems ideal because this will be the only need and function of the computer. For a few hundred dollars, buying a new machine to just do mining is the most basic starting point. Next, buying a small amount of graphics cards to get started is the next step to verify the mining setup is working and to get an idea of the costs to scale. While the idea of dropping $20,000 to make a mining setup that produces $13,000 a month seems like a big risk, how about starting out with $1,000 in graphics cards to produce $600 a month to verify everything works?
After confirming the setup is working, then it is logical to slowly scale up by adding more graphics cards and machines steadily over time using the profits generated as proof that more is possible with more power. While I would not start off spending much without any proof I could actually set it up correctly, after confirmation that I could indeed build a mining machine that worked, I would be motivated to build more.
The real opportunity to earn much more than $200 a day is to learn how to build mining rigs for Ethereum and other cryptocurrencies. Once we have the system down, we can just keep building more over time and then the money comes in on autopilot! This seems ideal compared to paying into a mining pool where another company is likely earning a significant share of my profits and maintains control over all of the machines.
One of the biggest initial challenges is finding a graphics card that has proven hashing power but is not sold out. Here is list of two cards I found available on Amazon immediately with affiliate links. Would you use my links if you want to buy these cards because you pay the same price either way while Amazon gives me a 2$ to 6% commission on each sale?
EVGA GeForce GTX 1050 Ti SC GAMING, 4GB GDDR5, DX12 OSD Support (PXOC) Graphics Card 04G-P4-6253-KR at http://amzn.to/2sbzKbU has SAME DAY delivery near me with an estimated hashing power for ETH at 12 MH which equals repayment in less than 2 months at the current price for Ether.
Sapphire Radeon VAPOR-X R9 280X 3 GB GDDR5 DVI-I/DVI-D/HDMI/DP TRI-X with Boost PCI-Express Graphics Card 11221-20-20G at http://amzn.to/2r7YD4D has prime shipping with 18 MH and an estimated repayment window of 2 months!
SUBSCRIBE? Help me reach 200,000 YouTube subscribers at https://www.youtube.com/JerryBanfield?sub_confirmation=1.
THE UNIVERSITY OF JERRY BANFIELD! Would you try enrolling in one of my video courses today at http://u.jerrybanfield.com/ because taking my classes helps each of us make more money online?
ABOUT? Enjoy an unforgettable autobiographical experience with me at http://jerry.tips/myautob.
SOFTWARE? EQUIPMENT? See the full list at https://jerrybanfield.com/resources/ and take the course to see how I put it together at http://jerry.tips/wrcstc.
YOUTUBE! Would you like more views and subscribers on your channel? Take my YouTube video class at http://jerry.tips/ytppss.
THANKS! I appreciate you reading this and hope you have a wonderful day!
Post time: 07-30-2017