Post
Topic
Board Mining (Altcoins)
Re: Is it official that GPU mining is guaranteed to be irrelevant in 2 to 3 years?
by
dipepmining
on 15/08/2019, 13:18:04 UTC
philipma1957: I know it isn't much profit but my 8 RX580 rig is doing the following:

256mh/s @ 1050w

.1333c electrical costs

If you enter these values into whattomine.com you will see that today the daily profit is only 10cents but that is because Eth is doing terrible right now. I have seen this number range from $0.10 to $2.60 daily profit with this rig all depending on where Eth is at. I know some would say why go through all of the hassle just to make $30 a month at best, but I don't see what the big deal is. Lets say Eth goes up to $300 prior to 2020 it would definitely be profitable for this rig to mine even at .1333c electrical costs.

I never experienced 2017,2018 when profit was at its best so maybe I don't know what I am missing out on.
Would like you guys to share your thoughts, I am no guru with this stuff.