Should dig or buy?

Comments

• samjankus Member Posts: 100 ✭

  November 2018

  Buy... It's not worth mining at $0.12/kWH (if that's what you're paying). Margins are shit. If you don't already have the equipment, it's not worth it. The payback time is astronomical.

  0 · Share on TwitterShare on Facebook
• SweetTooth Member Posts: 4 ✭

  December 2018

  Do yourself a favor and look at the graphs. If you think rationally you will know the answer to your question.

  0 · Share on TwitterShare on Facebook
• asusrig Member Posts: 141 ✭

  December 2018

  samjankus said:

  Buy... It's not worth mining at $0.12/kWH (if that's what you're paying). Margins are shit. If you don't already have the equipment, it's not worth it. The payback time is astronomical.

  My mining rigs are heating the house. Furnace barely comes on. With the mining rigs shutdown my gas bill would be higher. Yes at the current prices it is a bit of a loss. The difficulty has dropped and I am doing this as an experiment to see how the payouts change accordingly - and they have gone up from about .65 ETH per week to almost 1 ETH per week now. My home office has a gas heater that is very expensive to operate. Or I could use an electric space heater which would heat the space but none of that cost could be recovered. So my home office rig really makes the home office very comfortable when it is cold out and I get paid in ETH as well!

  0 · Share on TwitterShare on Facebook