So depressing, I used to make around $300 a day but now I'm down to like $70 a day. Probably won't even be able to live off this anymore and I have bills to pay.
Everyone talks about electricity cost. Here in Southern California it costs amywhere from 16c in winter at night to 35c in daytime in summer. I hacve no idea how people are paying 10 cents.
But my point is even in SoCal with high electricyt cost, the equipment depreciation is much higher than the electricity:
Example:
I am mining a coin that is 5 Satoshi per coin. I get 11,000 coins per day (used to be only 2500) basically making about $2 for a 6 x 1070 rig that I bought for $4000 last year so:
Coin value is 5 Satoshi
Electricity cost is 5 Satoshi per coin mined.
Equipment depreciation cost is 12 Satoshi per coin mined.
My GPUs lose value faster than the electricity they use.