Mining

You’re NOT going to make much money Crypto Mining for

You’re NOT going to make much money Crypto Mining for Profit.

#Youre #money #Crypto #Mining

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17 Comments

  1. I started mining eth 3+ years ago, bitcoin was 9k. I made $4 per day profit per gpu (I had 26x 5700 xt). It was so fun and profitable I was able to pay off those gpus in 10 months. After eth went pos profits are basically gone (since sept 2022) with my electric costs at 14 cents kWh. I’ve mined a little here and there but I barely break even gpu mining and bitcoin is at 52k. Unless one of these projects goes bonkers I see no benefit to mining unless you enjoy it as a hobby, like I do. Definitely learned a lot in 3 years.

  2. Could someone explain, If you believe in crypto why not just to buy it instead of spending money for GPUs, hardware, electricity and YOUR TIME for that? Also dealing with heat, space and other issues… in bear market it's crazy cheap and you can buy multiple coins and just wait. Can be different story if you get money from youtube though…

  3. Red Panda Mining someone asked @19:43 what your gains would be if you purchased $27k in CPU mining rigs, well $27k will get you 16 dual EPYC 7701 or 7642 rigs 75-80Kh each on Zeph 75×16 = 1.2Mh on Zeph that’s over $100 per day before electric, 550w x 16 = 8.8Kw or basically 1.5 30amp plug at 80% rule. So yeah using less electric and earning more profit per day.

  4. The crypto market need a trim. There are to many projects at this point. Yes each one offers a new opportunity but to get anything out of it into the real world it always come back to the top 3 BTC ETH nad Tether.

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