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This, every single article I have read so far is missing this VERY important piece of information. I am still mining ETH and it is still profitable. I mine wit
by razemio 4y ago
This, every single article I have read so far is missing this VERY important piece of information.
I am still mining ETH and it is still profitable. I mine with 4 1080s and I do not pay for power. However, if I would have 200+ gpus I would slowly start selling before the prices tank due to the merge.
Also more dedicated mining hardware is hitting the market for ETH which is far more efficient then gpu mining.
- bootloop 4y ago> it is still profitable > I do not pay for power I guess you don't run your own solar farm so I assume someone else is paying that for you without knowing.
- Faaak 4y agoTo play devils advocate, I indeed have solar panels at home (7kW). I use my graphic cards only when it is sunny. However I don't mine ETH but instead contribute to Folding@Home.
- Angostura 4y agoThat's still power you could either use to charge batteries or sell back to the grid
- MauranKilom 4y agoNominally, yes, but the actual economical value of doing so is most likely an order of magnitude below what buying the power would cost (sun shining and grid needing more power is only loosely correlated, and batteries take significant time to pay off). Subsidies have a large impact here though.
- drumhead 4y ago>Do not pay for power Hmmmm, I detect a flaw in you plan....