If you pay $200 for electricity and get $90 worth of cryptocurrency. Then you get a loss of 110 dollars. I think that in this situation it is better to buy cryptocurrency for 110 dollars every month
Thanks for this answer. One dude who understand this. Swogerino did not really understanding this
@Swogerino sorry mate but you are wrong as always - you did not understand the point that miners must pay there bill - only people who pay nothing for the electrictiy can act like you. (it is impossible - electricity is never free - some dude must pay the bill)
FP91G explained it well - if you mining reward is 90$ per month but you pay 200$ for the electricity = you loose 110$. Invest this 200$ is better.
And electricity price here in germany is about 0,35$ per Kwh
This is why i don´t have any rig running in germany -> all in eastern europe. But the new goverment will kill our EEG taxes for electricity -> this will bring down the price to maybe 0,25$ per Kwh
I described it in another thread: I bought 5x S9 in may 2017 for over 2000$ per unit + Shipping + Taxes = cost me around 12000$ or so - this were over 8 BTC at this time - this 5x S9 never mined over 8 BTC in this time. Same story for ETH - 13000$ invested at a ETH price of 30 - 50$ = over 260 ETH - never mined with this gear.
And this guys who say: "mine and hold" yes sure but nobody knows what happens in the future - holding is a gamble every time!!!!!
It is more profitable to trade in my view.
Mining is just another way to acquire crypto for trading. If trading is your plan then mining, even at a loss,
costs less than buying crypto on the open market. I certainly wouldn't be buying if I had unused mining
capacity.
JayDDee i'm shocked!!!!!!
You say mining at a lose is better than buying? This is really really disappointing. It says - mining at a lose so how could this be better than buying for the market price?
0,025- 0,35$ per Kwh* With such electricity prices, I would not even think about mining. I also sold all the mined cryptocurrency in 2015-2018, but now experience suggests that you need to save 30-50% of the cryptocurrency as an investment if the equipment has already paid off.