So I live in Ukraine, and I was thinking of building a farm here. Electricity here is super cheap at around 0.047usd/kwh. Also 12x rx580 8gb farm would cost me around 6000usd. Now calculating profitability I would be able to make 900usd a month and return my initial investment in 7 months. This sounds great with everything suitable and the fact that Ukraine is super cold U don't even need fans to cool ur rig. But am worried about the upcoming eip-1559 update and the current state of ethereum and its high gas fees. Do you guys think I could profit from this or I should stay away from mining at the moment?.
at your rate even at the worst bear market you still profitable, me mine at 0.11 and sometimes of during bear market, so basically at current situation gpu price already inflated 2x and many gpus already out of stock, my advice wait for next 3 month after mining continue down, some miner will sell their gear for cheap, then you can enter the market
