Hey guys!
I got a clear vision of my Bitcoin future with my fiat Money, but there is another point that got my attention:
I read some Threads where people ask about how profitable it would be to purchase an assic and so on, but i could not find a thread where someone already got usable hardware.
My question is:
As i already got an decent Hardware, is it profitable to mine when i am not around?
I got an i5-3570 and an ati hd7950 and i wonder if i could mine some BTC or some alts in the time that i do not use my PC.
That means i could mine like 18h/day and since i live in germany, my kWh is quite expensive with 25,8ct/kWh (EUR).
People are always mentioning the difficulty to reach the ROI, but since i got some hardware..that would be irrelevant.
So its all about outcoming BTC against electricity bill (sounds like an really awkward Super-Hero Movietitle)
My final question is: Is there a good calculator that i can use or does someone got some opinion/advice for me?
Surely, this is a newbie question and i apologize for the time that you spent with my problem, but this would solve some mysteries for me
the answer is somewhere between "not in a million years" and "no way". CPU/GPU mining Bitcoin has been death for years now. Since you asked about altcoins: that might be possible, but you should ask this question in the altcoin mining subforum. The guys that frequent that part of the board will probably be able to give you some usefull advice about that topic
Since this question comes up more than it should, i generated a calculator to prove this statement:
https://www.mocacinno.com/nonspecialisedmininghardware.phpIf the table is TL;DR; here's the breakdown:
At 20 cents (dollarcents) / Kwu, your i5 will mine at a net loss of $131,39/year. Your GPU will mine at a net loss of about $490/year (it is more efficient, but it draws a lot more expensive power).
Like i said: altcoin mining *might* be something you can do, altough at your electricity rate (which is about the same as mine, i actually live in a country neighboring Germany), i highly doubt you'll make some money (but in the altcoin section, i can be wrong)