im in it for the long term. i just want to see some profits. the high electricity bill is new to me thats all. at right now mining eth instead of buying in is consider ideal for me. dont invest what you cant afford to lose. well im mining eth! im not really losing much lol. well its just little small amounts but yeh. im losing money on electricity n rent actually... oh well..
Dude if you are in Cali and your power bill is 30 ,40 ,50 cents a kwatt stop mining and sell the gear.
End of story.
a six gpu rig of 3070 will burn over or about 1 kwatt and hour
that is 720 K-watts a month at
50 cents it is 360
40 cents it is 288
30 cents it is 216
it earns 6 cents and mh or 360 mh x 6 = 21.60 a day or 648
so
648-360 = 288 profit
648-288 = 360 profit
648-216 = 432 profit
if earnings drop from 6 cents an mh to 3 cents
you earn 324 a month before power.
324-360 = -36
324-288 = 36
324-216 = 108
Dropping to 3 cents an mh may happen
When the rally began last summer earnings were under 2 cents an mh