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According to this web site, all you need is 11th/s to not lose money, that's an investiment of $2.5k in mining hardware https://www.cryptocompare.com/mining/ca

• spuz 9y ago
  The calculation you did on that website shows an annual profit of $413.25 which is still a lot less than the initial investment of $2.5k. At today's price ($ 6,976.14), you'd have to be mining for over 5 years before getting that investment back again. I'm not sure how you come to the conclusion "how can any miner lose money".
  • patrickaljord 9y ago
    For $2.5k you can get 13th/s, that's $935 annually, that's a 40% gain annually. If you know of any investment that can give you a passive 40% yearly return, I'm all ears. And that's only if bitcoin doesn't go up. Again, I fail to see how this is a bad investment. Plus, with the latest all time high, most existing miners already paid for their hardware and are just all profits now. https://www.cryptocompare.com/mining/calculator/btc?HashingPower=13&HashingUnit=TH%2Fs&PowerConsumption=1293&CostPerkWh=0.2&MiningPoolFee=1 https://www.cryptocompare.com/mining/calculator/btc?HashingP...