Re: GPU Mining Is NOT Profitable In My HOUSE - October 2018 Mining Farm Update
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?
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?
this essentially sums it up, & this number will vary for everyone but at some point it simply does not make sense to invest the time and money into mining --- For many it is still a lucrative endeavor, or perhaps speculation mining is allowing you to still do very well --- however the overall bad health of crypto mining profitability cannot be ignored.
Are you guys fair weather miners? I'm in it if i'm making 5 cents per card a day because i have FAITH that crypto will emerge stronger in the future. If you have the equipment and you are not mining at even a 1 cent profit i don't get it. I get it at a loss, i guess (even though i still mine at a loss sometimes) but even at a 1 cent profit IF you have the equipment it's worth the risk in my opinion if you have the ability to keep the coin at these prices. If you have to sell it to pay your bills, then I get it i guess, but then you probably should not have been mining in the first place because that's in essence like living check to check.
That's my view anyway.
PS Solar is retarded.
I just want to come over, smash some blocks and grill steaks my man!
dagarair - source : https://bitcointalk.org/index.php?topic=4789787.msg43227027#msg43227027
