Mining profitability in 2020
Tags: Cryptocurrency, Blockchain, Investing, Mining

Assembling a mining farm in 2020 is much cheaper than in 2017–2018, since there are a lot of cards on the market (even in abundance), they are much cheaper, and all components are easy to get.

For example, at the beginning of 2018, 1 Rx 580 graphics card for 8 GB could cost from $ 340 to $ 440. Now 1 graphics card 580 by 8 GB is much cheaper.

What is necessary for a mining farm?

If you do not know how to assemble a mining farm, we recommend that you first read the detailed instructions for collecting the farm, which shows in detail which components are needed and how and in what order you need to connect all the details.

To begin, let’s list all the components for a mining farm:

Video card

Mining motherboard

Power Supply

CPU

RAM

SSD

Riser

Now let’s talk about what you should never save money on.

The first thing you definitely can’t save on is the power supply. The power supply is the heart of your farm, current flows through it to the video cards, so buy only good power supplies, at least 80+ bronze. Further, what you can’t save on is on the video cards, or rather on their cooling system.

Now let’s see how you can save some money.

The first is the processor, for mining on video cards you need the simplest budget processor. For example, for the motherboard on socket 1151, the Intel Pentium G4400 Skylake processor is suitable. There is no point in an expensive processor, you just collect the farm more, which means you will pay for it longer. The second thing you can save on is an SSD, buy the simplest 128 GB SSD, no more is needed. Also, buy the cheapest RAM, you can even with Aliexpress.

Mining profitability on AMD in 2020

So, let’s now calculate how much in 2020 you will spend on 1 mining farm and how much it will pay off. In 2020, it is still profitable to collect farms on AMD 570, 580 and 590. But remember, the main thing is to buy only 8 GB of a video card, since 4 GB of a video card will soon, or rather, by the end of 2020, will not be able to get the most drowned coins for mining — Ethereum (Ether) and Ethereum Classic. On average, about $ 1,750 will have to be spent on all farm components on 6 AMD cards.

Now let’s figure out how much it all pays off. At the moment, a farm of 6 video cards on the air will bring you about $ 1300 (excluding energy), or about $ 900 including energy (although it costs differently everywhere) per year. Those. the farm itself will pay off for you in 2 years before it starts to make a profit.

It turns out that in addition to energy costs, mining even top currencies has a large payback period, which makes it not very profitable. Is there an alternative to this?

A REVOLUTIONARY CONCEPT — BIDERATION

The creators of MTCore have developed BIDERATION, which utilises a new and revolutionary POB (Proof of Bid) software mining system. MTCore developers have made the BIDERATION process viable as a lower energy consumption system, making it a sustainable financial asset resource. For users the benefit of this simple and very controllable mining method allows for accurate calculations thereby removing any unexpected outcome to the currency acquisition process.

MTCore has taken a forward step in providing a responsible lightweight system where the process utilises a consumable BIDS software algorithm in place of hardware energy consumption. The software package supersedes the hardware mining apparatus and is available on PC and android phone devices.

MTCore utilises BIDERATION software without added impingement of operational energy costs. Therefore, the viability of the digital currency is real face value.

Take advantage of the revolutionary concept — BIDERATION — mine and profit!