5 ms·
If the cost exceeds the value of what you're mining, you're always better off putting that money directly into purchasing the cryptocoin instead. Option 1: Spe
by vitalus 9y ago
If the cost exceeds the value of what you're mining, you're always better off putting that money directly into purchasing the cryptocoin instead.
Option 1: Spend $10 to mine $5 worth of BTC
Option 2: Spend $10 to obtain $10 worth of BTC
If the market goes up, you are better served by the latter option.
- elmar 9y agoIf you care about privacy normally mining your own coins it's the best way to get 100% privacy.
- mrgordon 9y agoMore like spend $500 for a graphics card and end up with a graphics card and $2000 in bitcoin
- colechristensen 9y agoNevermind the hardware, the electricity to run the hardware costs more than the coin generated.
- mrgordon 9y agoMaybe for XMR but not in general
- mizzao 9y agoAnd $2000 in electricity bills
- mrgordon 9y agoNah whattomine.com shows plenty of profitable coins to mine even if you assume California electricity costs and no price appreciation after mining.