Crowd Funded Mining Rig - Update - Hardware Finalized

Hi Everyone

Here is the final update, we have raised a total of 42.9 SBD

At first as we started the plan was to make a mining rig with 6 GPUs that will cost almost 2700+$ But now as the percent funded is too small, However i can fill the remaining price slot but the problem is that the stake of other members will be too small that the concept of partnership will vanish away.

So i have decided to make a low budget rig with small profitability compromising a little bit of percent in terms of ROI.

Here is the Final Hardware list:

As you can see the machine is going to have only 2 GPUs.

All parts are going to be new. And in warranty. This is how we are going to insure our investment.

The Graphic cards are high in demand and this is the only card we are getting now.

The only down side is that 3 GB card is a bit outdated and the Ethereum DAG file size is going to cross 3GB in almost few months. But before that we are going to break even our investment and we can also mine other coins with same profitability.

Moving on to the profitability and ROI factor. we are going to extract almost 46 MHs on EthHash and burning less than 300 Watt So you can see the below chart

The whole hardware cost almost 880$ and the above calculation will give us projected profit of 130$ per month after cutting the electricity cost.

With this calculation 6-7 months will be enough to Break even our initial investment.

Let's Calculate the contribution and ownership of each Partner.

@swaminemo 4.95 SBD
@yuni28 11.55 SBD
@mohsee74 23.10 SBD
@rayne122 3.3 SBD

Total Raised 42.9 SBD

SBD is around 7.1 usd so we need 124 SBD to complete our rig (880$)

Here is the final ownership Percentage

Because I will fill the rest of 65% and add 81.1 SBD from my pocket as planned earlier.

All hardware have been ordered and will be delivered on monday.

The cards were the real reason of delay otherwise other things need 1 hour to shop.

Announcement

When all of you have invested the terms and hardware structure was different. Now as i have modified the things it's totally upto the investors if they want to be part of project or wish to take their money out, just comment below this post or catch me on discord and let me know.

Special Thanks to all the people who have made this possible.

Thanks for Reading. All updates will be posted on blog.