4 ms·

Yeah, looks like it's all trash now. https://whattomine.com/gpus https://whattomine.com/gpus

• MuffinFlavored 4y ago
  I see peak Profit 24h at $0.29 What was it before ETH PoW -> PoS merge? And is 0.1 $/kWh average/normal? Let me pull up my latest electric bill (which I almost have never looked at/have on autopay): New Charges Rate: RS-1 RESIDENTIAL SERVICE Base charge: $8.99 Non-fuel: (First 1000 kWh at $0.073710) (Over 1000 kWh at $0.083710) $76.74 Fuel: (First 1000 kWh at $0.034870) (Over 1000 kWh at $0.044870) $36.49 Electric service amount 122.22 20.99 in taxes / surcharges Total $143.21 $143.21 for 1036 kWh in a 30 day timespan 0.138 $/kWh with taxes and fees I guess for me, I'm sure if I was doing crazy ASIC stuff at my house they'd charge me more/the rate would become less favorable Looks like mining BTC would net be $0.85 a day profit with some kind of ASIC. $310/yr. Yikes.
• ComputerGuru 4y ago
  It doesn't matter if its trash so long as its fungible trash at a profitable price. i.e. the situation is OK for now but as soon as the market adjusts to the glut of GPU miners suddenly minting no-name coins no one really wants (and the novelty wears off) those prices are going to drop like a rock. Most of these coins only have value as scams that you could prop up then cash out by exchanging for BTC or ETH; so long as the "new coin of the day" hype train exists there will be a way to make money off of GPU mining. I guess there will always be suckers in this unregulated market.
• JohnTHaller 4y ago
  It only takes 10-20 years to break even on mining now. It's long term instead of short term!