Post
Topic
Board Mining (Altcoins)
Re: Sprouting Bitbean is 10X more profitable than mining
by
clyjr
on 16/02/2018, 13:11:51 UTC
and stuck with the bag if the price falls

same risk with mining.... look at what happened with the D3 antminers. Investment is risk, that's why its not for the weak. Meanwhile my beans are pumping out more Beans and my mining rigs can't even compare in satoshi generation.

true that mining and investing are both risks, but I fail to see why beans are more profitable than mining.
If beans are giving a 4% per month return, then comparing that to the D3 (I have 2) :
I'm running my D3s at low speed to cut down on heat, after factoring in power consumption they are profiting around $3.15/day
$3.15 * 30 = $94.50 / month
I paid around $1700 with the power supply, so $94.50 / $1700 = 5.6% monthly return.

So a D3 is already more profitable, and this is the worst of times for mining with a D3.
Take into account that at one point the D3 was pulling in $8 / day profit and the D3 pulls even further ahead. 

Maybe if you loaded up on beans a while back when they were super cheap it was worth it, but now I just don't see it...