Quote from: mocacinno on Today at 12:48:29 PM

I haven't mined in years (never ever mined professionally, never made any money from mining), but your numbers do sound a bit odd...

At current difficulty, you'd need around 16000 Th/second to have an income of 0.01 BTC/day.
The current "best" asic that's coming out in januari 2025 mines at 860 Th/s, costs $18.000 and draws 11180Watts.

You'd need 19 of those ASICs to make 0.01 BTC/day, they would cost $342.000 and they'd draw 212 kW (*24 hours = 5100 Kwh per day... At 10 cents/Kwh, that's $510)

On the other side, we're currently on an ATH, BTC price isn't $30.000/btc, but around $100.000

When calculating prices, don't just look at the price of an ASIC... It's an ASIC + shipping and handling + import taxes + shelves + network gear + power lines + a mining shed + ...
Don't count 100% uptime, do count at least some of the many (many) hours you'll spend running the operation, Count on at least 1 of your ASIC's being broken constantly, count on a pool fee,...

All in all, i guess you might have to re-calculate, because those numbers don't match reality

when you factor in the cost of the ASICs, the power usage and all the hidden costs like shipping, taxes and maintenance, it doesn't seen like it'd be easy to make a profit unless you're going all in.

i can see why a lot of people are returning to cloud mining or just staying out of it altogether. It's like even with the price of BTC being high right now, it's still not straightforward as it seems.