Viable to mine in the UK?

[Doum]

Heya, I've been checking up on some BTC mining, and my power cost is currently 0.12p per kWh, and the projected profit for the S9 on Nicehash has been taunting me.
However, will a power cost this high end up costing me a loss before I can pay back the cost of the S9? I've got around £3000 saved, so I can buy a miner and invest the rest? Is this wise? Right now I'd be making more profit with the S9 than a more expensive GPU mining rig.
I'm just giving my circumstances to receive any advice you guys would have, any other UK miners out there?

[1715031063]

1715031063

[1715031063]

1715031063

[BitcoinboyBlog]

Heya, I've been checking up on some BTC mining, and my power cost is currently 0.12p per kWh, and the projected profit for the S9 on Nicehash has been taunting me.
However, will a power cost this high end up costing me a loss before I can pay back the cost of the S9? I've got around £3000 saved, so I can buy a miner and invest the rest? Is this wise? Right now I'd be making more profit with the S9 than a more expensive GPU mining rig.
I'm just giving my circumstances to receive any advice you guys would have, any other UK miners out there?

With electricity costs that high, it almost would not be worth it, but you could still try. It would take a while to pay it back, but you would get there eventually.

(I live in the US)

[paxmao]

Heya, I've been checking up on some BTC mining, and my power cost is currently 0.12p per kWh, and the projected profit for the S9 on Nicehash has been taunting me.
However, will a power cost this high end up costing me a loss before I can pay back the cost of the S9? I've got around £3000 saved, so I can buy a miner and invest the rest? Is this wise? Right now I'd be making more profit with the S9 than a more expensive GPU mining rig.
I'm just giving my circumstances to receive any advice you guys would have, any other UK miners out there?

I live in the UK. The only thing that makes mining profitable for me is that the electricity is dissipated as heat and winter is comming. Or more clearly if you want, What I spend on electricty I save it in heating.

[AtraxPool]

Heya, I've been checking up on some BTC mining, and my power cost is currently 0.12p per kWh, and the projected profit for the S9 on Nicehash has been taunting me.
However, will a power cost this high end up costing me a loss before I can pay back the cost of the S9? I've got around £3000 saved, so I can buy a miner and invest the rest? Is this wise? Right now I'd be making more profit with the S9 than a more expensive GPU mining rig.
I'm just giving my circumstances to receive any advice you guys would have, any other UK miners out there?

I live in the UK. The only thing that makes mining profitable for me is that the electricity is dissipated as heat and winter is comming. Or more clearly if you want, What I spend on electricty I save it in heating.

I run a small farm of old s3's in the uk x7 s3 for 5 months cost me £600 in electricity I mine solo so if there is no block there is no reward.
You may be able to get cheaper electricity if you have solar power on your home or can find somewhere that has this.

[leowonderful]

In a place like the UK it's probably not a great idea to run solar, and overall solar really isn't a good idea unless you have even higher electrical prices. Sure they can heat a room in the winter without a need for other heating but most modern miners are loud, and the R4 which is a rare exception is no longer produced and is extremely unreliable to the point it's not worth buying even if you can get your hands on one for a decent price.

[Doum]

Thanks for all the info guys.