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One benefit to owning the hardware is that you can use it mine cryptocurrencies when you're not using it. I bought my GTX 1060 for $200 used in March 2017, and
by maksimum 9y ago
One benefit to owning the hardware is that you can use it mine cryptocurrencies when you're not using it. I bought my GTX 1060 for $200 used in March 2017, and it's generated around $1300 worth of Ethereum...
- minimaxir 9y agoHow much did it generate before the price of cryptocurrency exploded in November?
- maksimum 9y agoIt's been at around $40/mo net since March, briefly shooting up to over $100/mo in July (when the price of Eth increased faster than network Hashrate) and now it's back down to $40/mo. The overall profit is higher than the sum of the monthlies because I managed to hold some Eth rather than selling.
- ecnahc515 9y agoWhat's your power bill like compared to before you started running a miner?
- user5994461 9y ago0.3 kW/h * 0.20 $/kW * 24 h * 360 days = $518.4 per year of electricity Your mileage may vary with the costs of electricity in your region and whether you really run 24/7. In my experience, people always operate around break even. They only make good money if they held their coins and the price increased over time.