Quote from: philipma1957 on June 07, 2021, 02:53:46 AM

Quote from: bitcoinsc on June 07, 2021, 01:43:09 AM

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

I run my rtx-3070's at 90watts, I get 50MH/sec

The card can handle 250watts, and I would get 55mh/sec, no thanks, I would rather run my card at 60C ( my ambient is 32c), and spend $10/month for electricity for the card, hell right now u only get what $2/day? So $30/mon I paying for $10 electricity, but if your running this card at 180watts, then your near a loss. Last month one RTX-3070 @ 90watts earned me $5/day, now $2, but as we all know ETH is going POS, so its game-over, time to move on