Versus what... cost of some hardware?
Anyone mining Ethereum from home?
- Thread starter Ed48
- Start date
Versus what... cost of some hardware?
https://futuredly.com/how-many-watts-nvidia-rtx-3060-rtx-3060-ti/
The RTX 3060 at its peak consumes around ~170 Watts.
The RTX 3060 Ti at its peak consumes around ~200 Watts.
Those are the numbers I was using.
A Watt meter was useful to me when I was mining with Antminer S1's in 2014 and other altcoins including LTC using gpu's on a caseless motherboard (using a plastic box)
I plugged everything to a good power strip and plugged to one of these
Gotta be careful living in a 1-bedroom apartment not to trip the circuit breaker on a 15A circuit. Amazingly, I only remember tripping it once or twice, perhaps we did not vacuum much, lol
I think the max value I saw on the watt meter was 1300 W
Watt meter on Amazon
Those figures are in gaming.
Miners (who underclock certain components) get better Watts as a result for the same Ethereum hash rate.
I guess that's one advantage of being in the UK, having 240v instead of 110v, therefore half the current for the same wattage.
That 1-bed apartment must have got a bit toasty over the summer.
That 1-bed apartment must have got a bit toasty over the summer.
It did, but stopped mining btc after a couple of months when it was "no longer worth it"
Payout was less than $30/day or less than 0.04 btc/day when electricity costs from mining was over $200/month and the price of btc had gone down to less than $500/btc
It was better to just purchase btc using credit cards from Circle. See previous post from Here4money, same concept, buying cryptos straight out was better then just as now
Mining was great learning experience, though, but made a lot more btc's mining sha256 altcoins when they were being insta-launched and could be exchanged to btc
I remember mining when weather was hot, but not for too long, ended up dumping the antminers to e-waste instead of dealing with the hassle of selling on ebay
mining for me has been profitable, but I'm fairly certain that money would've likely been better spent buying crypto outright. There's just not enough inefficiency in the market to make it not so anymore. I think the better strategy is keep in tune with which coins are getting hash support/ASIC'd and just spread that money around. It's a neat hobby though.
Mining operations have their ear to the ground, it's worth it those first few weeks when you make the bulk of the hashrate, but by the time you're finding out about it, just buy the coins instead.
ETH mining is still profitable.
If you bought hardware 3-4 months ago, you should have paid it all off and be making money.
A $20K investment in hardware 4 months ago would have yielded you about $30K of income less about $2-8K in electricity. These days it's making about $3K/month income.
But you don't want to start mining today because of the diminishing returns, other structural changes (proof of stake) and overpriced hardware.