Hi.
I am a college student in Canada who has a few thousand dollars saved up. my parents cover my tuition (6k/yr) and rent (10K/yr).
For the next 4 (probably 5 if I include co-op/internship) years, I am going to live on residence. That means electricity is already included as a fixed cost in my rent.
So I was looking to get into mining. I just like the idea of producing small bitcoins everyday. (even if it's like 0.5 cents per day.)
So I was thinking of buying two of these:
That would cost me around 700 dollars with PSU after taxes.
That's almost 1/4 of my money saved.
Now, I won't need any huge sum of money for the next 4 years. I have a secure job at my school that pays $360/month. So even if I lose that $700, it's not the end of the world.
But ofc, I wouldn't like to lose my $700. As much as I am interested in bitcoin mining, I don't want to spend $700 if that means I am not breaking even.
What do you guys think? do you guys think I should try them out? Should I buy just 1 first? How hard is it to set them up anyway? I have no hardware experience and I heard somethings about using paperclips for the PSU so it can operate without a motherboard. It seems pretty daunting and makes me worry that I'll break them.
I want to buy them but I really need some other peoples opinions before I spend so much money on this! The most expensive thing I have bought is probably a $30 kitchen knife.
Submitted October 31, 2015 at 08:23AM by GawkingHat http://bit.ly/1P2ce6u
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