home mining is tough right now. depending on your region and how much they charge for power. you may be better off buying the coin instead.
I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.
I say as a lot people have mentioned on the forums this is more of a hobby.
I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.
I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.
I hope mining will lead to faster pace development in the solar energy.
Solar is just too high priced for the wattage needed with mining.
I personally am lucky with low priced electricity and it's winter so free to super cheap cooling.
I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear). Winter is making it possible for me personally.
Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself.
And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall.
To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do.
At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha
I actually feel good with my low electricity. I am doing more then paying just bills. It is no longer guaranteed ROI, but is very possible for me.
How low is it to consider it as cheap electricity? is 0.1 KWH good enough nowadays?
That is what I'm at almost. The big thing for me is over next few months winter weather. You can pull that very cold air in and push hot air out for extremely cheap compared to AC in summer.
Make sure to check and make sure it does no get huge on tiers, some have a sliding scale depending on how much you use.
For me 0.1 KWH would be a dream nowadays without the tier system. I haven't check out the rates for winter yet but for summer I was getting .25+ and plus there is that AC.
Which is just crazy due to the tier over here especially since I have to share the meter with other people as well so always ending up with the highest rates which starts at 60%+ usage.
In the past though they allowed more KWH in the first tier which ranged from ~.1 - .15 but nowadays they reduced how long I can stay in that tier by 50% so pretty much instantly jumps to the highest tier.
