5 cent power.
a proper area to mine.
ie stable 220-240 volt power
stable internet.
so lets say you are in an empty enough spot that noise is not an issue.
a s19 110 th pulls 3100 watts or 3.1 x 24 kwatts a day which is 74.4 kwatts. round up to 85 kwatts
at a nickel that is $4.25 power cost
and 110 x 9.2 cents is $10.10 earned
you net $5.85 a day on a piece of gear that will cost about 4700 usd.
so
4700/5.85= 803 days. once you pass that point in time i would argue you can rely on making money kind of.
but thats over 2 years.
you really cant expect to get to a good spot in under two years
and in the case above i argue you can expect to make 2-7 a day on that one unit for 2-4 years after you paid it off.
so if you buy 10 units and are at 47000
you will likely spend at least 3 k more to handle power and heat issues
so 50k in to reach breakeven in two years and two months .
then expect to earn 20 to 70 a day all clear.
a lot of us long time miners have been doing this for years and may clear 200 a day and own 300k worth of paid off gear. but it is real work. can i tell you i am rich no i am not.
will i get rich . i do not think so. but i mine on.
65 years old and mining away.
your answer is detailed and its got me thinking. [please anyone else comment too] - hypothetically over a horizon of 3-5 years, for the purposes of accumulating and stacking BTC, isnt it easier to just DCA? i ask as i am currently at a cross roads with wanting to diversify into mining and weighing up pros and cons. note here: im on the other side of earth and cost per kw here is 0.16c/kw
thanks in advance
