Post
Topic
Board Mining (Altcoins)
Re: MINING STILL PROFITABLE?
by
IamRune
on 27/03/2018, 01:58:49 UTC
If you where to buy a 200 MH ETH mining rig off ebay.  Current pricing is $1,800.

You would need approx 340 days or 11 months to obtain Capital Recovery. 
This assumes electric rate of 10cents.
Also assumes price & difficulty stay the same.

However, if the price of Ethereum where to increase 2x and difficulty would stay the same you could roughly reach capital recovery in 6 months.

However, in my humble opinion you could be profitable after 7 months if the crypto market expands.
Mining however, should be a long term investment and you should not be mining if you want to take daily profits.

Many people make mistakes selling their crypto early and miss out on the longterm gains.

Also if you live in the US, it would make sense to set your payouts higher to comply with tax codes.
 

Sources:
https://www.ebay.com/itm/197MH-s-7-AMD-GPU-6-x-RX480-1-x-RX470-Ethereum-Mining-Rig-No-Reserve/152951331198?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2055119.m1438.l2649

Whattomine:
http://whattomine.com/coins?utf8=✓&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=7&adapt_480=true&adapt_q_570=0&adapt_q_580=0&adapt_q_vega56=0&adapt_q_vega64=12&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=0&adapt_q_1070=0&adapt_1070=true&adapt_q_1070Ti=0&adapt_q_1080=0&adapt_q_1080Ti=0ð=true&factor%5Beth_hr%5D=206.5&factor%5Beth_p%5D=945.0&grof=true&factor%5Bgro_hr%5D=126.0&factor%5Bgro_p%5D=910.0&x11gf=true&factor%5Bx11g_hr%5D=46.9&factor%5Bx11g_p%5D=980.0&cn=true&factor%5Bcn_hr%5D=5110.0&factor%5Bcn_p%5D=770.0&eq=true&factor%5Beq_hr%5D=2030.0&factor%5Beq_p%5D=840.0&lre=true&factor%5Blrev2_hr%5D=34300.0&factor%5Blrev2_p%5D=910.0&ns=true&factor%5Bns_hr%5D=5740.0&factor%5Bns_p%5D=1050.0&lbry=true&factor%5Blbry_hr%5D=665.0&factor%5Blbry_p%5D=980.0&bk14=true&factor%5Bbk14_hr%5D=9800.0&factor%5Bbk14_p%5D=1050.0&pas=true&factor%5Bpas_hr%5D=4830.0&factor%5Bpas_p%5D=945.0&skh=true&factor%5Bskh_hr%5D=126.0&factor%5Bskh_p%5D=805.0&factor%5Bn5_hr%5D=133.0&factor%5Bn5_p%5D=805.0&factor%5Bl2z_hr%5D=420.0&factor%5Bl2z_p%5D=300.0&factor%5Bxn_hr%5D=11.2&factor%5Bxn_p%5D=840.0&factor%5Bcost%5D=0.1&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=abucoins&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=Main&commit=Calculate