UK mining with current electric prices

[beechy1991]

What is every one mining?

[1714281121]

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[1714281121]

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[1714281121]

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[Husires]

Why did you mention electricity prices? Because GPUs or CPUs do not consume electricity, the average is 150W graphics card for 1H per day does not seem expensive, regardless of the electricity prices, and building a small farm will cost the same as a home heating unit or an air conditioner for a regular apartment.

Mining altcoins is sometimes profitable if you do your calculations well, especially in the post-bitcoin havling season, when prices can rise easily with the possibility of mining more than one pair at the same time.

[beechy1991]

I mentioned electric prices as that's what made me stop mining once Eth 2.0 came in. I'm looking to start again but a lot of stats for GPUs on what to mine are running at a loss. I was just wondering if people are still mining with the electric being quite high compared to what it was a couple of years ago. The main point to the poll is to see who is mining and what so I can work out what is good to start mining as I haven't minded since Eth. 

[FP91G]

What is your electricity price?
If the sources from the Internet are correct and the price is above 15 cents per kilowatt, then I only offer recreational mining on a mobile phone. While mining can be profitable, there are also times when even at 10 cents per kilowatt it will be easier for you to turn on your equipment.

[BitcoinSoloMiner]

i think its about 20p or more on avg per kw/h which is probably 25 cents? its insanely expensive but it also depends on your location

there are some tarrifs which offer cheap electricity during the night i think they might be as low as 8p so 10-11 cents per kw/h

i think CPU mining is the best bang for buck, stacking a few coins/tokens then switching to a new one once a month/season, incase they go 10x or 1000x, however a multiple GPU mining setup would be much easier to scale

nicehash was an option but you will probably get better profit with the actual coin you hold going up in value (10x-1000x) instead of the auto convert to btc option from nicehash

besides - nicehash stopped serving UK users last year

UK mining is looking dire

[swogerino]

i think its about 20p or more on avg per kw/h which is probably 25 cents? its insanely expensive but it also depends on your location

there are some tarrifs which offer cheap electricity during the night i think they might be as low as 8p so 10-11 cents per kw/h

i think CPU mining is the best bang for buck, stacking a few coins/tokens then switching to a new one once a month/season, incase they go 10x or 1000x, however a multiple GPU mining setup would be much easier to scale

nicehash was an option but you will probably get better profit with the actual coin you hold going up in value (10x-1000x) instead of the auto convert to btc option from nicehash

besides - nicehash stopped serving UK users last year

UK mining is looking dire

With that type of energy price 20 pence to 25 pence per kw/h it is a truly no go unless you put some good Rx 6600 cards at use and they can mine even with 50-54 watt if fine tuned perfectly for some coins.I have seen them 6 of them doing just 300 w/h which is not an expensive cost also for that huge amount of electricity,of course it will still be at a loss at the moment but over the long run I think anyone with the salaries of UK can afford to spend some 54 pounds a month with 25 pence energy or lower if the energy cost is lower depending on the zone to make quite a lot of coins as I am referring to Hashrate.no website and seeing the Raptoreum mining there with Wildrig Gpu,so despite looking dire it can be improvised like in this case I posted here.There are many other cases of improvisation which can lead to good results too.

[beechy1991]

What is your electricity price?
If the sources from the Internet are correct and the price is above 15 cents per kilowatt, then I only offer recreational mining on a mobile phone. While mining can be profitable, there are also times when even at 10 cents per kilowatt it will be easier for you to turn on your equipment.

It's currently at 19per KW I'm on octopus tracker so it changes daily but hasn't dropped below 16p for a while . My current cards for mining are 5700xt - 24mhs  and 1 580 4g - 12mhs looking at mining neoxa on the kapow algo. Looks like I can get 36mhs at 324W at the wall.

[FP91G]

What is your electricity price?
If the sources from the Internet are correct and the price is above 15 cents per kilowatt, then I only offer recreational mining on a mobile phone. While mining can be profitable, there are also times when even at 10 cents per kilowatt it will be easier for you to turn on your equipment.

It's currently at 19per KW I'm on octopus tracker so it changes daily but hasn't dropped below 16p for a while . My current cards for mining are 5700xt - 24mhs  and 1 580 4g - 12mhs looking at mining neoxa on the kapow algo. Looks like I can get 36mhs at 324W at the wall.

I looked at mining calculators and at a price of 19 cents per kilowatt, the 580 4g video card generates losses, and the 5700xt video card mines to pay for electricity and the profit is 0.We are currently in a bull market, but if coin prices fall, you will only have bigger losses.

[BitcoinSoloMiner]

i think its about 20p or more on avg per kw/h which is probably 25 cents? its insanely expensive but it also depends on your location

there are some tarrifs which offer cheap electricity during the night i think they might be as low as 8p so 10-11 cents per kw/h

i think CPU mining is the best bang for buck, stacking a few coins/tokens then switching to a new one once a month/season, incase they go 10x or 1000x, however a multiple GPU mining setup would be much easier to scale

nicehash was an option but you will probably get better profit with the actual coin you hold going up in value (10x-1000x) instead of the auto convert to btc option from nicehash

besides - nicehash stopped serving UK users last year

UK mining is looking dire

With that type of energy price 20 pence to 25 pence per kw/h it is a truly no go unless you put some good Rx 6600 cards at use and they can mine even with 50-54 watt if fine tuned perfectly for some coins.I have seen them 6 of them doing just 300 w/h which is not an expensive cost also for that huge amount of electricity,of course it will still be at a loss at the moment but over the long run I think anyone with the salaries of UK can afford to spend some 54 pounds a month with 25 pence energy or lower if the energy cost is lower depending on the zone to make quite a lot of coins as I am referring to Hashrate.no website and seeing the Raptoreum mining there with Wildrig Gpu,so despite looking dire it can be improvised like in this case I posted here.There are many other cases of improvisation which can lead to good results too.

The RX6600 are such a great and efficient card - your right about the power draw. I had 15 on 2 rigs until eth 2.0 was released, then they became expensive space heaters until i sold them, they sold very quickly but at a loss unfortunately. A week or 2 after i sold them, i saw people were making a decent profit sending their GPUs resources to AI farms. Not sure how profitable that is now however i now wish i had held onto them. They also could of been used for hashcat hash cracking rigs used for penetration testing...

[Cr4zy_1van]

I'm currently mining Ergo with a 6x 3070, 1 x 3090 rig.
I have 4kw of solar panels and 10kwh of battery storage I fully charge at night, I also have an EV so get the 6 hours of leccy at 7.5p at night.
The rig is actually heating my house as it's in the hallway; the heating has only come on for a few hours all winter.
Without the cheap electricity, solar, and actually being able to use the heat to offset my heating it just wouldn't be viable.

Ive only just found this forum, have you got any tips on getting in early on the coins like Karlsen or Pyrin? Or is it just blind luck that any projects do well?

[swogerino]

i think its about 20p or more on avg per kw/h which is probably 25 cents? its insanely expensive but it also depends on your location

there are some tarrifs which offer cheap electricity during the night i think they might be as low as 8p so 10-11 cents per kw/h

i think CPU mining is the best bang for buck, stacking a few coins/tokens then switching to a new one once a month/season, incase they go 10x or 1000x, however a multiple GPU mining setup would be much easier to scale

nicehash was an option but you will probably get better profit with the actual coin you hold going up in value (10x-1000x) instead of the auto convert to btc option from nicehash

besides - nicehash stopped serving UK users last year

UK mining is looking dire

With that type of energy price 20 pence to 25 pence per kw/h it is a truly no go unless you put some good Rx 6600 cards at use and they can mine even with 50-54 watt if fine tuned perfectly for some coins.I have seen them 6 of them doing just 300 w/h which is not an expensive cost also for that huge amount of electricity,of course it will still be at a loss at the moment but over the long run I think anyone with the salaries of UK can afford to spend some 54 pounds a month with 25 pence energy or lower if the energy cost is lower depending on the zone to make quite a lot of coins as I am referring to Hashrate.no website and seeing the Raptoreum mining there with Wildrig Gpu,so despite looking dire it can be improvised like in this case I posted here.There are many other cases of improvisation which can lead to good results too.

The RX6600 are such a great and efficient card - your right about the power draw. I had 15 on 2 rigs until eth 2.0 was released, then they became expensive space heaters until i sold them, they sold very quickly but at a loss unfortunately. A week or 2 after i sold them, i saw people were making a decent profit sending their GPUs resources to AI farms. Not sure how profitable that is now however i now wish i had held onto them. They also could of been used for hashcat hash cracking rigs used for penetration testing...

I don't think Rx 6600 is a good thing for AI renting them to AI for processing.I think as I said above with those cards you would not be paying any substantial money but you would be making substantial amount of coins if you point them to cheap ones like Raptoreum.I am sure the day will come when Raptoreum will be over 0.10 dollars and this means that if people have stocked up real great amounts then this can be a real life changing event.

This is what I fight for from so long with the cryptocurrencies although I have only failed up until now yet I am sure the day will come when these low cheap coins will have a substantial increase.

[FP91G]

The RX6600 are such a great and efficient card - your right about the power draw. I had 15 on 2 rigs until eth 2.0 was released, then they became expensive space heaters until i sold them, they sold very quickly but at a loss unfortunately. A week or 2 after i sold them, i saw people were making a decent profit sending their GPUs resources to AI farms. Not sure how profitable that is now however i now wish i had held onto them. They also could of been used for hashcat hash cracking rigs used for penetration testing...

The RX6600 was very good at mining Ethereum and was often used in Europe due to its good energy efficiency. In Russia, as a rule, they used RX480 8 GB. But now such weak video cards bring very little profit. The market is already becoming saturated with inexpensive, silent ASICs for the home.