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Title: Electricity sorting first before building a rig Post by: Maliceprime on March 26, 2022, 12:20:00 PM How bad can mining be for someone who pays 0.1USD per Kwh on electricity be? Even when mining isn't profitable again isn't this electricity bill worth none stop mining?
Title: Re: Electricity sorting first before building a rig Post by: deedeeranged on March 26, 2022, 01:41:23 PM How bad can mining be for someone who pays 0.1USD per Kwh on electricity be? Even when mining isn't profitable again isn't this electricity bill worth none stop mining? As a european I pay over US$.0.37 p.Kwh at the moment so mining ETH is more or less the only option. If it is no longer viable I'll just stop mining for the time being. Title: Re: Electricity sorting first before building a rig Post by: FP91G on March 26, 2022, 01:50:59 PM How bad can mining be for someone who pays 0.1USD per Kwh on electricity be? Even when mining isn't profitable again isn't this electricity bill worth none stop mining? Learn to use calculatorshttps://whattomine.com/gpus https://www.kryptex.org/en/mining-calculator? Title: Re: Electricity sorting first before building a rig Post by: Coinfarm ventures on March 26, 2022, 11:55:55 PM Learn to use calculators A mining calculator isn't the best answer here. The profitability will change a lot in the coming months. The OP wants to know if GPU mining is a good idea in the long run.https://whattomine.com/gpus https://www.kryptex.org/en/mining-calculator? To answer the question, 10¢/kWh is a decent price for power when it comes to GPU mining. That's better than average for U.S. residential prices. You'll do perfectly fine even during a coin recession or after ETH PoS. The only rate where GPU mining doesn't make sense in the long run is > 16¢/kWh. However, 10 cents sucks for ASIC mining, so don't buy any ASIC machines except for low-power Goldshells. 5.5-6¢/kWh is average for ASIC farms. Title: Re: Electricity sorting first before building a rig Post by: Outhue on March 27, 2022, 04:35:08 AM The most efficient graphic card for mining today is AMD RX6600 XT using 6 of these bad boys will cost you 440watts at 191MH I've never seen any build this good.
Title: Re: Electricity sorting first before building a rig Post by: FP91G on March 27, 2022, 08:56:54 AM Learn to use calculators A mining calculator isn't the best answer here. The profitability will change a lot in the coming months. The OP wants to know if GPU mining is a good idea in the long run.https://whattomine.com/gpus https://www.kryptex.org/en/mining-calculator? To answer the question, 10¢/kWh is a decent price for power when it comes to GPU mining. That's better than average for U.S. residential prices. You'll do perfectly fine even during a coin recession or after ETH PoS. The only rate where GPU mining doesn't make sense in the long run is > 16¢/kWh. However, 10 cents sucks for ASIC mining, so don't buy any ASIC machines except for low-power Goldshells. 5.5-6¢/kWh is average for ASIC farms. Further, you do not consider the cost of taxes, the risks of equipment breakdowns, the cost of renting or equipping the premises. This question is more complex, so it's better to write a link to a calculator. Title: Re: Electricity sorting first before building a rig Post by: Coinfarm ventures on March 28, 2022, 04:24:44 AM I am sure that you wrote the answer by analyzing the data in calculators :) I don't like to use mining calculators at all because they can't predict the future. If I buy equipment today, I care about what the profit will be in the next 1-2 years, not what Whattomine says the profit is today. Instead, I like to look at profit data from the past 5 years, like Bitinfocharts.Further, you do not consider the cost of taxes, the risks of equipment breakdowns, the cost of renting or equipping the premises. This question is more complex, so it's better to write a link to a calculator. If anything, tax reduces the cost of equipment and electricity, at least in the U.S. (Section 179). The failure rate of hardware is no more than 4%/year. As for rent, leasing a small warehouse costs extra, but it pays off when you consider the cheaper power as long as you have at least 300 video cards. Title: Re: Electricity sorting first before building a rig Post by: Maliceprime on March 28, 2022, 06:02:38 AM The most efficient graphic card for mining today is AMD RX6600 XT using 6 of these bad boys will cost you 440watts at 191MH I've never seen any build this good. Then you haven't seen A2000 Nvidia graphic card, it uses no extra 6pin cable like other cards and it hash on ETH @ 41MH using 66watt only. |