Well the summer begins and I begin my experiment.
Mining vs. Buying Challenge
The inintial conditions are as follows:
- 2000$ is spent for mining equipment
- 2000$ is spent for buying coins
Now I put my rig to Nicehash
Mining profitability is calculated as I posted earlier:
While waiting of BTX price consolidation I estimated my mining costs.
My rig is about 1-1.1 kW power from outlet. For simplify lets consider 1 kW. At 0.05 cents per kWh the rig consumes 0.05 * 24 = 1.2 USD
Also it should calculate hardware ammortization. I think in 3 years the harware will lost 75% of it's current price. Also for simplifying lets consider linear price reduction.
So it will be as follows:
2000 USD * 75% = 1500 USD then
1500 USD / (3 years = 3*365 days = 1095) ≈ 1.37 USD
Total costs for the mining will be: -1.57 USD
At current mining profitablitiy for the config of 5-5.5 USD per day the pure profit is 3.5-4 USD (not so great but also not so bad)
P.S. in nest several days I will prepare pre-analytics for both mining and holding (plots, tables, etc)
My coins portfolio looks as follows:
I used coinmarketcap data for BTC\USD price calculation
My BTC I've put for 4.08% Annual interest at freebitco.in resource to get additional satoshis)
P.S. The results of next week I will post at Sat\Sun
P.P.S. Further I will update the OP of the thread and create plots to make this challenge info more usable
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...anyway they can forget about their moms until I get my coins back.These chicks are going to work that debt off.
