Quote from: adaseb on October 13, 2018, 08:59:52 PM

Quote from: EdgeOfSanity on October 13, 2018, 06:36:43 PM

Quote from: adaseb on October 13, 2018, 06:25:30 PM

Yes it might be profitable at $0.10/kwh but to what extent?

When 80% of all your profit is going to electricity is it really worth mining?

I did the calculation and most have the RX 470/570 which uses like 130 Watts so at $0.10/kwh you make about $0.12/day.

However after fees, bank fees, errors, GPU downtime, etc you probably end up making a nickel per GPU. Is it really worth mining for that much?

at .10/kwh roughly 40-50% of your income goes to electricity if you know how to optimize your mining rigs properly. This of course depends on the algo you're mining but most will fall in that range. The market would need to drop another 50% or so from current levels while nethash remains the same to hit breakeven. That includes all the fees incurred for exchanging to USD.

I've looked at this pretty closely in recent months because if it happens i'll shut down my mine and if it stays low for more than a month i'll sell the equipment.

I am not sure which GPU you are referring to.

But with an RX 470 which hashes at around 28Mhs nets about 0.40 profit where 0.30 is electricity cost alone.

Not sure how the 1080ti fares but with those your main issue is to ROI the GPU first so you got more issues to worry about than just the GPU cost.

My mine is roughly a 50/50 split of 1070tis and 1080tis. My equipment is paid off and has been since March. I wouldn't try to buy equipment right now if you haven't paid off whatever you have currently.