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Quote from: naim027 on January 15, 2022, 02:14:34 PM

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Quote from: naim027 on January 14, 2022, 12:44:41 PM

According to your provided information, Mining is still profitable in Pakistan.
If you have a 3080Ti Model GPU. You can mine $4.02 in 24 hours. After electricity cost, You will have a $3.25 Profit every 24 hours.

I never researched much about mining so I don't have much information about mining. Based on the calculations you may think that mining is profitable in our country, but then you do not know the status of crypto in our region. These days the cryptocurrency is on the verge of getting banned and therefore no one will take the risk to buy the GPUs and spend extra electricity only to get caught by the law enforcement agencies.

I guess you know that information. But, you may don't know, Crypto is banned in Bangladesh back in 2018. It doesn't prevent GPU miners from mining crypto and making some decent money. About paying for extra electricity, I don't care about it. If Pakistani law enforcement doesn't have any task to do other than investigate how people use their electricity (kidding). Then it's risky for you. There are a lot of people who use everything electric equipment. For example, Electric room hitter, Micro oven, Washing machine, Pump. So in the city side, People pay about $60-80 per month. But, those who don't use this equipment, can easily use 5-6 GPU's to mine ETH and earn about $300-400 month and pay about $60-80.

Brother @naim027, How much is the cost of one Unit (KW) during peak and off-peak hrs. in Bangladesh in USD??? Any idea, When you run 6 GPUs for 24 hours, how many units of electricity they will consume?

It depends on power consumption. I mean rate depends on the power consumption. If you use less than 300 Units per month. Bill will be USD 0.07 per unit. If you exceed 600 units per month. The maximum rate is USD 0.15 per unit. I usually run 6 GPUs which consume about 700 watts. And my average electricity consumption per month is about 600-700 Units per month including my entire house ( I don't use any electric types of equipment excluding 4 LED lights - 3 Fans 2 Tv) and my average electricity bill is about $70-80 per month. Which is okay for me.
Earning $300 a month without moving your finger and paying a $70-80 bill is super cool for me. I am enjoying this for a year now.
🥰

Thanks brother for providing this useful information. The electricity tariff structure is more or less same in Pakistan. I have my own solar panel system installed on my roof top of my house which helps a lot to reduce my electricity bill. I think I can manage to run mining system in profit because of my engineering and project management background but our Government is running after everything related to crypto so in such a scary environment nobody will take risk of his hard earned money.

If you can manage for the solar panels and you do not tell/show anyone about your mining rigs then government cannot catch you. Because if you will have less electricity bills then they will not be able to predict that you are having the mining rigs.