I am thinking about mining Monero (cryptonight R). I have 3 290x gpu's. My electricity is about 12 cent. As far as I can see profitability will be weak to say the least, should I wait for Monero to rise in value or would the hashrate kill of profitability anyways??
I had a 290x for years and sold it on to make way for vega56. Even with your cheap electric you will be mining at a loss on current prices. Should XMR rise to over £60 you may get to cover the electricity cost, you are likely needing something near to 2x before those cards will yield any profit.
