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What is the most cost effective way to mine Crypto Currency?
What is the most cost effective way to mine Crypto Currency?
Cloud Mining? Buy the specialist hardware (Asic etc)? or use the CPU & GPU power you already have?
- deancrowe 10y agoOr other methods?
- tqkxzugoaupvwqr 10y agoBefore you start, read up. I have the impression you think you can make a quick buck. Mining large scale is expensive and the field is heavily contested. The biggest cost is electricity. You compete against mining farms in China and wherever electricity is as cheap. Sit down and calculate the cost of electricity per mined unit currency. Hardware should also be efficient because if you buy lots of servers, heat is going to become a serious problem.
- deancrowe 10y agoMany thanks, I guessed that the electricity would be the main issue. I just wondered if a comparison of the ROIs and efficiencies of the various methods has been published anywhere. Again, thanks for the info.