Monero is so unprofitable to mine for the average Joe that I believe 90% are botnets.. Sad...
It seems you are wrong and is quite profitable to mine.
There are a lot of different measures of value for a coin like XMR. There is the current value in btc on exchanges, there is the hopium value, supported by assorted conjectures and beliefs wrt the relationship between features (like a new GUI) and price, there is the ideological view of value, usually supported by assertions and beliefs wrt features a coin provides (like anonymity) and their perceived effect on future adoption and then there is the real value, which is somewhere just above the cost of producing a coin.
I mine, but not monero. I asked because I was curious how closely the exchange value in btc approaches the cost of mining at this time.
I mine, but not monero. I asked because I was curious how closely the exchange value in btc approaches the cost of mining at this time.
well, the most efficient way to mine is probably the 750 ti.
At current network difficulty, thats 0.09 xmr / day.
The card pulls ~33 watts.
At a rate of 12 cents / kWh, thats $0.09504 per day.
so if any of the math works, thats roughly 95 cents per xmr. So right now its very profitable to mine, if hardware is all paid for.
$0.095 per day on a single card, so a 100 card farm would make $9/day
Just go outside and sell lemonade, you'll make more.Monero is run by botnets, period. I can account for 11MH/s (almost 50% of total net hash) spread across 17 wallets of pure botnet power (got proof, willing to share for 1btc escrow).