NOTE: I am not rubbishing your response all input is very valuable to me but I am struggling to get past all of the people who say " you will never profit/break even mining is a waste of electricity. the difficulty is too hard" I would like a balanced argument on both sides.
I am also confused by this argument. I see a profit can be made if you stay efficient with your set up.
I think that is because I don't see the word "Millionaire" when I read the word profit.
ALOT of people on here say mining is dead and gone, BUT they still do it!!!
They're on here everyday posting/reading topics and posting pics of their gear,...so if it's not profitable, even a little
WHY ARE THEY STILL HERE???I think you're in a good position to make a Profit---Go For It!!!
In the UK the averate cost per kw is .24 cents. So 20.76 dollar a day to run. 622.08 dollars per month. If he gets 2 BTC per month at 220 per BTC his net loss per month is 182.08 dollars. How is this a profit?