Are Mining Still Profit?

[yohananaomi]

if someone will start to establish a mining rig at home? I consider not anymore. Overall cost vs the Mining Difficulty of a Coin and Price.
But if your living in a county that have a minimum power cost you can still try some good or under value coins. you can visit coinmarketcap for it.

In the current situation, it is true not to take steps to start building a mining rig, because its actions are clearly very detrimental, it seems that many have stopped because it is true that the mining results are not worth the overall costs. not to mention added to the difficulty of finding a good coin. It's not wise to want to force it to continue in the current situation, it's better to wait until the situation starts to grow again.

[1715048332]

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[1715048332]

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[bhadz]

yes, it's still profitable, f.e. 5 rx 570 cards brings me near 100$ per month. yes, it's little, but better than nothing

yes... if you have free electricity

Better than nothing, having free electricity? this is possible if you have invested to solar power though it cost some money but it's worth it when your operation is continuous. I have know a person who have been running his miners together with his team and their electricity is free because they had some position in the gov't, it's more of a province. But now, I don't have any news on how their farm is running or probably they stopped because they just got in due to hype.

[Piskeante]

No, in fact, Mining Bitcoin is reportedly not profitable for almost anyone than hasn't got Free electricity.

For ETH mining, considering the Difficulty bomb was activated yesterday, today there is no profit at all, even paying 0,08$/kW which is a very good electricity price. As the other example, mining ETH for profit is just a matter of how much ETH coins are shared por block (which has been reduced, BTW), and how much the difficulty bomb increases block time. It's going to scale from 20sec right now to almost 30 sec and will continue climbing as happened on October.

Basically, if you have 0,05$/kw or less, you may be making some little profit, which IMO, makes no sense. I would not be willing to use electricity for so small profit. If you have free electricity then it can be still profitable, but not for long, at least in the case of ETH.

It's weird how people can be still mining. I don't think there are 150Gh/s hashrate on the net mining with Free electricity. a huge amount of this hashrate is currently mining at loss clearly. Do they expect to see a pump in price?? 5 days with the ETH market moving flat. Indication that there is going to be sell pressure. Maybe today, probably tomorrow.

Get your trousers tight, HODLERS, you are going to suffer.

[agente]

yes, it's still profitable, f.e. 5 rx 570 cards brings me near 100$ per month. yes, it's little, but better than nothing

yes... if you have free electricity

Better than nothing, having free electricity? this is possible if you have invested to solar power though it cost some money but it's worth it when your operation is continuous. I have know a person who have been running his miners together with his team and their electricity is free because they had some position in the gov't, it's more of a province. But now, I don't have any news on how their farm is running or probably they stopped because they just got in due to hype.

Solar power is expensive btw..

[vectisitch]

mining is not a get rich quick thing. i have been mining since late 2013. i sold as i earned back then. now when i look at how many coins i had i could have been a millionaire. so for me it's about holding what i mine. if your into fiddling and messing with hardware then it's a great hobby with a view to making some money.
pick new coins and mine the hell out of them at the start and hold those coins. some will be crap,but some will go on to have value.
heat is a big issue. if you can't get the heat out of the room then i would say don't do it.
you'll have hardware failures,especially if they get too hot. initial outlay is very expensive and it's really not worth it if you plan on using one or a few gpu's, for an example. i have 30 rx580's and i make $10 per day with free power, if i look at it as a daily profit thing. but if you plan to hold for better prices then that will go up

[Piskeante]

mining is not a get rich quick thing. i have been mining since late 2013. i sold as i earned back then. now when i look at how many coins i had i could have been a millionaire. so for me it's about holding what i mine. if your into fiddling and messing with hardware then it's a great hobby with a view to making some money.
pick new coins and mine the hell out of them at the start and hold those coins. some will be crap,but some will go on to have value.
heat is a big issue. if you can't get the heat out of the room then i would say don't do it.
you'll have hardware failures,especially if they get too hot. initial outlay is very expensive and it's really not worth it if you plan on using one or a few gpu's, for an example. i have 30 rx580's and i make $10 per day with free power, if i look at it as a daily profit thing. but if you plan to hold for better prices then that will go up

there is ABSOLUTELY NO ARGUMENT TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, it doesn't matter which one it is, except if you consider faith in crypto as a reason, so stay away of manipulating people. Crypto is dying and not a single coin is surviving this tsunami.

[Metroid]

This "free power" that you trolls talk about DOES NOT exist, if you do not pay then somebody does.

[bhadz]

yes, it's still profitable, f.e. 5 rx 570 cards brings me near 100$ per month. yes, it's little, but better than nothing

yes... if you have free electricity

Better than nothing, having free electricity? this is possible if you have invested to solar power though it cost some money but it's worth it when your operation is continuous. I have know a person who have been running his miners together with his team and their electricity is free because they had some position in the gov't, it's more of a province. But now, I don't have any news on how their farm is running or probably they stopped because they just got in due to hype.

Solar power is expensive btw..

Yes, it's why I've said it costs some money.

This "free power" that you trolls talk about DOES NOT exist, if you do not pay then somebody does.

I knew that there's something wrong with that person who told me they have "free" electricity.

[Branko]

mining is not a get rich quick thing. i have been mining since late 2013. i sold as i earned back then. now when i look at how many coins i had i could have been a millionaire. so for me it's about holding what i mine. if your into fiddling and messing with hardware then it's a great hobby with a view to making some money.
pick new coins and mine the hell out of them at the start and hold those coins. some will be crap,but some will go on to have value.
heat is a big issue. if you can't get the heat out of the room then i would say don't do it.
you'll have hardware failures,especially if they get too hot. initial outlay is very expensive and it's really not worth it if you plan on using one or a few gpu's, for an example. i have 30 rx580's and i make $10 per day with free power, if i look at it as a daily profit thing. but if you plan to hold for better prices then that will go up

there is ABSOLUTELY NO ARGUMENT TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, it doesn't matter which one it is, except if you consider faith in crypto as a reason, so stay away of manipulating people. Crypto is dying and not a single coin is surviving this tsunami.

Crypto is not dying, but if someone is mining at loss, it could be argued that its better to directly invest into crypto,
than into miners

[Metroid]

Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.

[Branko]

Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.

It took about 2 years for your gloom and doom to become true 

[Metroid]

It took about 2 years for your gloom and doom to become true  

Well that is how the manipulators make money, pump 100 times within a 1 and half year cycle, crash 60 times within a 2 and half year cycle, rinse and repeat. So every 3 years my gloom and doom will be right and every 2 years trolls will scream i was wrong hehe

[Indamuck]

A lot of people are mining to generate heat for their house so even if they are technically not making a profit they are still paying less to heat their house so its a win for them.

Also many people have free electricity from rental agreements, solar, hydro, or using company property.

[Maxumark]

mining is not a get rich quick thing. i have been mining since late 2013. i sold as i earned back then. now when i look at how many coins i had i could have been a millionaire. so for me it's about holding what i mine. if your into fiddling and messing with hardware then it's a great hobby with a view to making some money.
pick new coins and mine the hell out of them at the start and hold those coins. some will be crap,but some will go on to have value.
heat is a big issue. if you can't get the heat out of the room then i would say don't do it.
you'll have hardware failures,especially if they get too hot. initial outlay is very expensive and it's really not worth it if you plan on using one or a few gpu's, for an example. i have 30 rx580's and i make $10 per day with free power, if i look at it as a daily profit thing. but if you plan to hold for better prices then that will go up

there is ABSOLUTELY NO ARGUMENT TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, it doesn't matter which one it is, except if you consider faith in crypto as a reason, so stay away of manipulating people. Crypto is dying and not a single coin is surviving this tsunami.

There are ABSOLUTELY HUNDREDS OF ARGUMENTS TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, but there is absolutely no point in bringing them up as you will be blind to them.

[Metroid]

There are ABSOLUTELY HUNDREDS OF ARGUMENTS TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, but there is absolutely no point in bringing them up as you will be blind to them.

And one is, manipulators will decide when is time for the market to become a full fledged bull market, with eth fork almost we thought to believe that manipulators would let things go up till they dropped the bomb, in 5 minutes manipulators sold 5000 bitcoins on bitstamp and on every major exchange, that was a huge sell off, in 5 minutes almost 80k bitcoins were sold worldwide in exchanges just to tell bulls that this is not the time for any pumps yet. The bulls got the message and stopped pumping it. I guess manipulators want the price to stay at this level, they want to fill their wallets and then once they are done doing that, is time to pump crypto cause they need that to keep people interested in crypto, this manipulation exists since 2009.

If you are new to this then, sell everything you have and buy cryptocoins and wait for the major pumps of 30 times then sell all and laugh. You have to buy now, this is the bottom, thank me in 2 years or so.

[philipma1957]

mining is not a get rich quick thing. i have been mining since late 2013. i sold as i earned back then. now when i look at how many coins i had i could have been a millionaire. so for me it's about holding what i mine. if your into fiddling and messing with hardware then it's a great hobby with a view to making some money.
pick new coins and mine the hell out of them at the start and hold those coins. some will be crap,but some will go on to have value.
heat is a big issue. if you can't get the heat out of the room then i would say don't do it.
you'll have hardware failures,especially if they get too hot. initial outlay is very expensive and it's really not worth it if you plan on using one or a few gpu's, for an example. i have 30 rx580's and i make $10 per day with free power, if i look at it as a daily profit thing. but if you plan to hold for better prices then that will go up

there is ABSOLUTELY NO ARGUMENT TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, it doesn't matter which one it is, except if you consider faith in crypto as a reason, so stay away of manipulating people. Crypto is dying and not a single coin is surviving this tsunami.

Niagara Falls  is a perfect reason why the bolded statement is false.

https://en.wikipedia.org/wiki/Robert_Moses_Niagara_Power_Plant

at 2770 mw 

added to its Canadian side Sir Adam Beck 1970 mw

https://en.wikipedia.org/wiki/Sir_Adam_Beck_Hydroelectric_Generating_Stations


you get 4740 mw power  this can supply all the world's BTC mining

The single biggest reason BTC has not stopped is hydro power plants do not turn off and for many times of each and every year  they have not enough usage from customers.

They have 10 to 25% excess in power ⅔ of each and every year.

Asic mining BTC helps them profit. So you get a true bottom number for btc  of 4 cents a kwatt

Your Fud  ignores this completely .

the worlds list of top hydroplants from wiki

https://en.wikipedia.org/wiki/List_of_largest_hydroelectric_power_stations

"Completed[edit]
Only operational power stations with an installed capacity of at least 2,000 MW. Some of these may have additional units under construction, but only current installed capacity is listed.

Rank   Name   Country   River   Years of completion   Installed
capacity
(MW)   Annual
production
(TW-hour)[6]   Area
flooded
(km²)
1   Three Gorges Dam...... China.......Yangtze.................22,500   98.8[7]   1,084
2   Itaipu Dam................. Brazil......Paraguay   Paraná....14,000   103.1 [1]   1,350
3   Xiluodu...................... China......Jinsha....................13,860   55.2   
4   Guri.......................... Venezuela......   ní....................10,235   53.41   4,250
5   Tucuruí...................... Brazil...........Tocantins............ 8,370   41.43   3,014
6   Grand Coulee.............United States..Columbia............6,809   20[12]   324
7   Xiangjiaba.................China.............Jinsha................   6,448   30.7   95.6
8   Longtan Dam............. China............Hongshui............6,426   18.7[14]   
9   Sayano–Shushenskaya...Russia.........Yenisei...............6,400   26.8   621
10   Krasnoyarsk.................. Russia........Yenisei...............6,000   15   2,000


the top ten add to 101048   5% of that is 5,050   that is all the 256sha btcbch in the world
all these plants almost always need to shed loads most of the year. So to say mining is dead is moron.

To say mining is dead for the little guy yeah not so moron.  base power number is 4 cents  so anyone with 2-4 cents is okay
5-6 cents maybe over that it is a bitch to stay afloat .  do we get a pump maybe we do do we get a bull rally maybe.
I just want people to understand the entire world has a vested interest in mining due to the load shedding and balancing it can do for hydro plants.


11   Nuozhadu    China   Mekong   2014[16]   5,850   23.9[17]   320
12   Robert-Bourassa    Canada   La Grande   1979/1981   5,616[18][19]   26.5   2,835
13   Churchill Falls    Canada   Churchill   1971/1974   5,428[20]   35   6,988
14   Jinping-II    China   Yalong   2014   4,800   24.23   
15   Bratsk    Russia   Angara   1961/1966   4,515   22.6   5,470
16   Laxiwa Dam    China   Yellow   2010   4,200[21]   10.2   
17   Xiaowan Dam    China   Mekong   2010   4,200[22]   19   190
18   Ust Ilimskaya    Russia   Angara   1980   3,840   21.7   1,922
19   Jirau    Brazil   Madeira   2014/2016   3,750   19.1   258
20   Jinping-I    China   Yalong   2014   3,600   17   82.5
21   Santo Antonio    Brazil   Madeira   2012/2016   3,580[23]   21.2   490
22   Tarbela Dam    Pakistan   Indus   1976   3,478   13   250
23   Ilha Solteira Dam    Brazil   Paraná   1973   3,444   17.9   1,195
24   Ertan Dam    China   Yalong   1999   3,300   17   101
25   Pubugou Dam    China   Dadu   2009/2010   3,300   14.6   
26   Macagua    Venezuela   Caroní   1961, 1996   3,167.5   15.2   47.4
27   Xingó Hydroelectrical Power Plant    Brazil   São Francisco   1994/1997   3,162   18.7[24]   60
28   Yacyretá    Argentina
 Paraguay   Paraná   1994/1998, 2011   3,100   20.09   1,600
29   Nurek Dam    Tajikistan   Vakhsh   1972/1979, 1988   3,015   11.2   98
30   Bath County PSP    United States   -   1985, 2005/2009   3,003   3.32   3.3
31   Goupitan Dam    China   Wu   2009/2011   3,000[25]   9.67   94
32   Guanyinyan Dam    China   Jinsha   2014/2016   3,000   13.62   
33   Boguchany Dam    Russia   Angara   2012/2014   2,997   17.6   2,326
34   W. A. C. Bennett Dam    Canada   Peace   1968, 2012   2,917   13.8   1,761
35   Mica Dam    Canada   Columbia   1973, 2015   2,805   7.2   430
36   La Grande-4    Canada   La Grande   1986   2,779[19]      765
37   Gezhouba Dam    China   Yangtze   1988   2,715   17.01   
38   Volzhskaya (Volgogradskaya)    Russia   Volga   1958/1961   2,671[26]   12.84[27]   3,117
39   Manic-5 and Manic-5-PA    Canada   Manicouagan   1970/1971, 1989/1990   2,656[28]      1,950
40   Niagara Falls (US)    United States   Niagara   1961   2,625 [29]      0
41   Chief Joseph Dam    United States   Columbia   1958/1973/1979   2,620   12.5   34
42   Changheba    China   Dadu   2016/2017   2,600   10.8   
43   Dagangshan    China   Dadu   2015/2016   2,600   11.43   
44   Revelstoke Dam    Canada   Columbia   1984, 2011   2,480   8.75   115
45   Zhiguliovskaya (Samarskaya)    Russia   Volga   1955/1957   2,467[30]   11.7[27]   6,450
46   Paulo Afonso IV    Brazil   São Francisco   1979/1983   2,462.4[31]      
47   Chicoasén (Manuel M. Torres) Dam    Mexico   Grijalva   1980, 2005   2,430      
48   La Grande-3    Canada   La Grande   1984   2,418[19]   12.3   2,420
49   Atatürk Dam    Turkey   Euphrates   1990   2,400   8.9   817
50   Jinanqiao Dam    China   Jinsha   2010   2,400   11.043   
51   Sơn La Dam    Vietnam   Black   2010/2012   2,400   10.25   440
52   Bakun Dam    Malaysia   Balui   2011   2,400      695
53   Liyuan Dam    China   Jinsha   2014/2015   2,400   10.703   14,7
54   Guandi Dam    China   Yalong   2013   2,400   11.87   
55   Karun III Dam    Iran   Karun   2005   2,280   4.17   48
56   Iron Gates-I    Romania
 Serbia   Danube   1970, 1998/2007, 2013   2,252.8   11.3   104.4
57   John Day Dam    United States   Columbia   1971   2,160   8.42   
58   Caruachi    Venezuela   Caroní   2006   2,160   12.95   238
59   Ludila    China   Jinsha   2014[32]   2,160   9.957   
60   La Grande-2-A    Canada   La Grande   1992   2,106[19][33]      2,835
61   Aswan    Egypt   Nile   1967/1970   2,100   11   5,250
62   Itumbiara    Brazil   Paranaíba   1980   2,082   9   778
63   Hoover Dam    United States   Colorado   1936/1939, 1961, 1986/1993   2,080   4.2   640
64   Cahora Bassa    Mozambique   Zambezi   1975/1977   2,075      2,739
65   Cleuson-Dixence Complex     Switzerland   -   1965, 1998   2,069   4.51   4
66   Bureya Dam    Russia   Bureya   2003/2009   2,010   6.59[27]   750
67   Lijiaxia Dam    China   Yellow   1997/2000   2,000   5.9   383
68   Karun I (Shahid Abbaspour) Dam    Iran   Karun   1976, 1995, 2006   2,000      54.8
69   Masjed Soleyman Dam    Iran   Karun   2002/2007   2,000   3.7   7.5
70   Ahai Dam    China   Jinsha   2014[34]   2,000   8.88   23,4
Under construction[edit]
This table lists stations under construction with expected installed capacity at least 2,000 MW.

Name   Country   River   Expected
capacity (MW)   Expected
completion   Location
Baihetan    China   Jinsha   16,000[35]   2021   28°15′06″N 103°39′34″E
Wudongde    China   Jinsha   10,200   2020   26°20′02″N 102°37′48″E
Belo Monte    Brazil   Xingu   11,233   2019   03°07′27″S 51°42′01″W
TaSang    Myanmar   Salween   7,110   ?? (on hold)   20°27′23″N 98°39′0″E
Ethiopian Renaissance    Ethiopia   Blue Nile   6,450   2022+   11°12′51″N 35°05′35″E
Diamer-Bhasha Dam    Pakistan   Indus River   4,500   2023[36]   35°31′08″N 73°47′10″E
Dasu Dam    Pakistan   Indus River   4,320   2023   35°31′10″N 73°44′21″E
Rogun    Tajikistan   Vakhsh   3,600   2018-2020   38°41′03″N 69°46′26″E
Myitsone    Myanmar   Irrawaddy   3,600   ?? (on hold)   25°41′23″N 97°31′04″E
Mambilla    Nigeria   Donga   3,050   2024[37]   07°09′44″N 10°34′17″E
Lianghekou    China   Yalong   3,000   2021-2023   30°09′46″N 101°00′49″E
Ituango    Colombia   Cauca   2,456   2019?   7°05′03.6″N 75°41′16.8″W
Tocoma    Venezuela   Caroní   2,320   ?? (on hold)   27°33′13″N 94°15′31″E
Maerdang    China   Yellow   2,200   2019   34°40′21″N 100°41′32″E
Koysha    Ethiopia   Omo   2,160[38]   2021[39]   6°27′36″N 36°20′24″E
Lauca    Angola   Cuanza   2,069.5   2017-2019   9°44′34.9″S 15°07′32.2″E
Shuangjiangkou    China   Dadu   2,000   2019   31°47′29″N 101°56′03″E
Subansiri    India   Subansiri   2,000   2019?   27°33′13″N 94°15′31″E
See also[edit]
"


all of the plants above can use major BTC/asic farms when they produce excess power.

the world needs mining to help power plants shed excess loads.

[crazydane]

As someone mentioned, mining during the cold months in the US does make things looks slightly less bad, as does having solar.  I track my consumption and production very closely.

Here's a snipped from my tracking spreadsheet:

Code:

Date		BTC Payout	$ BTC	GPU kWH	$ kWh	Profit	House	Solar	Net	HH kWh	Adj kWh	Adj $	Adj Profit
2/10/2019	0.01179345	45.51	246.84 	29.98 	15.53 	328.7	43.7	285.0	34.62	0.10531	26.00	19.52
2/11/2019	0.01282509	53.10	293.21 	35.61 	17.49 	365.8	12.2	353.6	42.95	0.11741	34.43	18.67
2/12/2019	0.01263322	52.96	293.39 	35.64 	17.32 	365.0	13.8	351.2	42.66	0.11687	34.29	18.67
2/13/2019	0.01245679	54.24	273.19 	33.18 	21.06 	349.4	143.5	205.9	25.01	0.07158	19.55	34.69
2/14/2019	0.01080659	44.85	218.54 	26.54 	18.30 	291.7	48.1	243.6	29.59	0.10143	22.17	22.68
2/15/2019	0.01099601	42.44	247.55 	30.07 	12.37 	317.3	63.7	253.6	30.80	0.09708	24.03	18.41
2/16/2019	0.01262094	48.71	251.81 	30.58 	18.12 	330.4	86.7	243.7	29.60	0.08959	22.56	26.15
2/17/2019	0.01198895	46.27	253.32 	30.77 	15.50 	327.0	39.0	288.0	34.98	0.10697	27.10	19.17
2/18/2019	0.01150130	44.39	255.88 	31.08 	13.31 	330.6	103.4	227.2	27.60	0.08347	21.36	23.03
2/19/2019	0.01166926	45.03	257.21 	31.24 	13.79 	335.0	103.2	231.8	28.15	0.08404	21.62	23.42
2/20/2019	0.01064994	41.10	252.04 	30.61 	10.49 	342.3	0.2	342.1	41.55	0.12139	30.59	10.51
2/21/2019	0.01046416	40.38	258.42 	31.39 	9.00 	344.2	83.4	260.8	31.68	0.09203	23.78	16.60
2/22/2019	0.00983335	37.95	256.34 	31.14 	6.81 	327.3	16.7	310.6	37.73	0.11526	29.55	8.40
2/23/2019	0.01013550	39.12	252.30 	30.64 	8.47 	325.3	13.8	311.5	37.83	0.11631	29.34	9.77
2/24/2019	0.00941624	36.34	255.85 	31.08 	5.26 	333.3	115.0	218.3	26.51	0.07955	20.35	15.99
2/25/2019	0.00957216	36.94	246.56 	29.95 	6.99 	306.8	169.2	137.6	16.71	0.05447	13.43	23.51
2/26/2019	0.00921682	35.57	254.92 	30.96 	4.61 	326.5	127.6	198.9	24.16	0.07399	18.86	16.71
2/27/2019	0.00982138	37.90	256.29 	31.13 	6.77 	332.8	151.9	180.9	21.97	0.06602	16.92	20.98
2/28/2019	0.00968237	37.37	256.61 	31.17 	6.20 	323.3	93.1	230.2	27.96	0.08648	22.19	15.17
3/1/2019	0.00923888	35.66	257.06 	31.22 	4.43 	334.3	7.6	326.7	39.68	0.11870	30.51	5.14

My power cost is $0.1215, which is about average I think.  And at that cost, my net profit per day is a paltry $11.59 per day.

However, when you take into consideration the reduced effective rate the solar adds, the daily profit increases to an average of $18.36.  So ~$18/day plus free heat isn't THAT bad.

My rigs consume right around 255 kWh a day, and on a sunny day in February, the best I have managed is to generate 169 kWh.  My profit that day was $23.51.

So yeah, margins are very slim, but solar can improve the picture.  The above numbers completely ignore the cost of the mining equipment and the cost of the solar, which is my case is paid for.  If you include the cost of those, the ROI would be very long.  And come summer, unless things change, I'll probably only mine during during sunny days.

[Piskeante]

As someone mentioned, mining during the cold months in the US does make things looks slightly less bad, as does having solar.  I track my consumption and production very closely.

Here's a snipped from my tracking spreadsheet:

Code:

Date		BTC Payout	$ BTC	GPU kWH	$ kWh	Profit	House	Solar	Net	HH kWh	Adj kWh	Adj $	Adj Profit
2/10/2019	0.01179345	45.51	246.84 	29.98 	15.53 	328.7	43.7	285.0	34.62	0.10531	26.00	19.52
2/11/2019	0.01282509	53.10	293.21 	35.61 	17.49 	365.8	12.2	353.6	42.95	0.11741	34.43	18.67
2/12/2019	0.01263322	52.96	293.39 	35.64 	17.32 	365.0	13.8	351.2	42.66	0.11687	34.29	18.67
2/13/2019	0.01245679	54.24	273.19 	33.18 	21.06 	349.4	143.5	205.9	25.01	0.07158	19.55	34.69
2/14/2019	0.01080659	44.85	218.54 	26.54 	18.30 	291.7	48.1	243.6	29.59	0.10143	22.17	22.68
2/15/2019	0.01099601	42.44	247.55 	30.07 	12.37 	317.3	63.7	253.6	30.80	0.09708	24.03	18.41
2/16/2019	0.01262094	48.71	251.81 	30.58 	18.12 	330.4	86.7	243.7	29.60	0.08959	22.56	26.15
2/17/2019	0.01198895	46.27	253.32 	30.77 	15.50 	327.0	39.0	288.0	34.98	0.10697	27.10	19.17
2/18/2019	0.01150130	44.39	255.88 	31.08 	13.31 	330.6	103.4	227.2	27.60	0.08347	21.36	23.03
2/19/2019	0.01166926	45.03	257.21 	31.24 	13.79 	335.0	103.2	231.8	28.15	0.08404	21.62	23.42
2/20/2019	0.01064994	41.10	252.04 	30.61 	10.49 	342.3	0.2	342.1	41.55	0.12139	30.59	10.51
2/21/2019	0.01046416	40.38	258.42 	31.39 	9.00 	344.2	83.4	260.8	31.68	0.09203	23.78	16.60
2/22/2019	0.00983335	37.95	256.34 	31.14 	6.81 	327.3	16.7	310.6	37.73	0.11526	29.55	8.40
2/23/2019	0.01013550	39.12	252.30 	30.64 	8.47 	325.3	13.8	311.5	37.83	0.11631	29.34	9.77
2/24/2019	0.00941624	36.34	255.85 	31.08 	5.26 	333.3	115.0	218.3	26.51	0.07955	20.35	15.99
2/25/2019	0.00957216	36.94	246.56 	29.95 	6.99 	306.8	169.2	137.6	16.71	0.05447	13.43	23.51
2/26/2019	0.00921682	35.57	254.92 	30.96 	4.61 	326.5	127.6	198.9	24.16	0.07399	18.86	16.71
2/27/2019	0.00982138	37.90	256.29 	31.13 	6.77 	332.8	151.9	180.9	21.97	0.06602	16.92	20.98
2/28/2019	0.00968237	37.37	256.61 	31.17 	6.20 	323.3	93.1	230.2	27.96	0.08648	22.19	15.17
3/1/2019	0.00923888	35.66	257.06 	31.22 	4.43 	334.3	7.6	326.7	39.68	0.11870	30.51	5.14

My power cost is $0.1215, which is about average I think.  And at that cost, my net profit per day is a paltry $11.59 per day.

However, when you take into consideration the reduced effective rate the solar adds, the daily profit increases to an average of $18.36.  So ~$18/day plus free heat isn't THAT bad.

My rigs consume right around 255 kWh a day, and on a sunny day in February, the best I have managed is to generate 169 kWh.  My profit that day was $23.51.

So yeah, margins are very slim, but solar can improve the picture.  The above numbers completely ignore the cost of the mining equipment and the cost of the solar, which is my case is paid for.  If you include the cost of those, the ROI would be very long.  And come summer, unless things change, I'll probably only mine during during sunny days.

You are never going to ROI. Sorry to tell you. Prices are going to be flat if not worse for about 2-5 years. And i expect prices to go even lower, ETH below 50 and never pull back. Watch my comments in this forum. I was one of the first here to say i was stopping my machines. 7 months later ETH network hashrates have reduced from 270.000Gh/s to no more than 145.000Gh/s, or even lower.

Considering the amount of equipment you have 23$ a day makes 700$ a month at best of profit. Your equipment seems to be very expensive. if i were you, i would be very worried about the future, because i'm sure you invested a lot on mining and the situation is not good for you.

[Piskeante]

mining is not a get rich quick thing. i have been mining since late 2013. i sold as i earned back then. now when i look at how many coins i had i could have been a millionaire. so for me it's about holding what i mine. if your into fiddling and messing with hardware then it's a great hobby with a view to making some money.
pick new coins and mine the hell out of them at the start and hold those coins. some will be crap,but some will go on to have value.
heat is a big issue. if you can't get the heat out of the room then i would say don't do it.
you'll have hardware failures,especially if they get too hot. initial outlay is very expensive and it's really not worth it if you plan on using one or a few gpu's, for an example. i have 30 rx580's and i make $10 per day with free power, if i look at it as a daily profit thing. but if you plan to hold for better prices then that will go up

there is ABSOLUTELY NO ARGUMENT TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, it doesn't matter which one it is, except if you consider faith in crypto as a reason, so stay away of manipulating people. Crypto is dying and not a single coin is surviving this tsunami.

There are ABSOLUTELY HUNDREDS OF ARGUMENTS TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, but there is absolutely no point in bringing them up as you will be blind to them.

hundrends of arguments??? tell me only one that is not laughable.

[crazydane]

You are never going to ROI. Sorry to tell you. Prices are going to be flat if not worse for about 2-5 years. And i expect prices to go even lower, ETH below 50 and never pull back. Watch my comments in this forum. I was one of the first here to say i was stopping my machines. 7 months later ETH network hashrates have reduced from 270.000Gh/s to no more than 145.000Gh/s, or even lower.

Considering the amount of equipment you have 23$ a day makes 700$ a month at best of profit. Your equipment seems to be very expensive. if i were you, i would be very worried about the future, because i'm sure you invested a lot on mining and the situation is not good for you.

While I don't quite share your dire outlook that prices will be flat or worse for 205 years, I do think they will be flat until 2021ish.  I purchase the solar system before I got into mining, and once I started mining, I expanded it from a 20 kW system to a 35 kW one.  My cost was about $1 per kW since I did all the work myself.

As for the mining equipment, it mostly RIO'ed before the market tanked in early spring last year as I purchased most of it back in the summer of 2017 and enjoyed the great returns of late 2017 and early 2018.

I have:

25x 1080Ti
14x 1070Ti
16x 1070
23x 1060 3GB

The 1060 3GB cards are mining BEAM under Linux and earning about $3/day after power.  That works out to about $0.13 per card, so barely worth even running them.  The higher end cards do somewhat better on GRIN, but it's value has started to slide, hence the reason I'm converting to BTC as I go.

As soon as spring gets here, I'll be selling the 1060's for sure although it will be a real pain to sell, package and ship them individually.  I do have original boxes for just about everything I have, including the shipping boxes from when I purchased them, but it is still going to suck.  The alternative is to just shut the rigs down and wait for better times, but I'm pretty sure 3GB cards will not be able to mine anything by then.  1060 3GB cards are still selling for $120 individually it seems, so it is still worth the effort I suppose to get rid of them while they still have some value.

I also have 5x Z9 mini's, 3x S9 13.5's and 2x L3+ ASICs.  They are all just sitting on the shelf now gathering dust.  The Z9's and S9's ROI'ed a long time ago.  I'm torn between selling the ASICs vs. just running them on when I have excess power to burn (I'm technically not allowed to put more than 20 kW back into the grid, so I use my rigs as "dummy loads" when I can exceed that limit by as much as 15 kW.)

Another "free energy" alternative I'm looking into is harnessing a river I have running through my property for power generation.  According to the usgs.gov charts, it flows about 100 ft3/s, which is PLENTY for me to generate whatever power I want.  Problem is that I don't have much drop, so I would need to dam it up at least 3 or 4 feet in order to deploy a low head turbine type generator.  While the ~750ft of properly line I have against this river is completely secluded (other side is as well), Virginia has pretty strict laws against man made dams on on rivers on the count of fish migrations, etc.  Still researching the possibility of diverting a portion of the flow for power generating purposes.  If I could get, say 10kW of 24/7 "free power", that would be pretty sweet, but realistically, expanding the solar farm is probably more realistic and cost effective.  Sorry for getting way off topic.