Post
Topic
Board Mining speculation
Re: why harware mining is not profitable at the present time ??
by
JamirOn
on 08/09/2016, 15:25:39 UTC
Who said, said that mining is not profitable?

I mine LTC with TITANs and BTC with Antminers S9


My last month's electricity consumption total in two places was    3267 euro.  (This is with my home  electricity cost. Hot water, cooking, etc. )

last month BTC mining result was 9.55 BTC   (22 x S9)
and  600 LTC   ( at the moment 2200-2300 Mhz)

After deducting the cost of electricity at least 7 BTC  month  for  cover the investment .



U forgot to factor in equipment cost, which obviously isn't little with the size of operation ur running now...

After re-doing calculating that in ( cost spread over 12 month till bep,) net profit is deduced.