Ethereum update: Planning to invest into mining, got some questions.
Alright I just did some checking and it is in no way profitable at all. (With the Antminer e3)
To make 80 bucks a day on average
[https://www.cryptocompare.com/mining/calculator/eth?HashingPower=6080&HashingUnit=MH%2Fs&PowerConsumption=24320&CostPerkWh=0.108&MiningPoolFee=1](https://www.cryptocompare.com/mining/calculator/eth?HashingPower=6080&HashingUnit=MH%2Fs&PowerConsumption=24320&CostPerkWh=0.108&MiningPoolFee=1)
it would take 32 rigs which would cost around 44000 dollars.
it would take a year and 7-8 months to just break even, and thats time I don’t have to spend. besides, the difficulty would ramp up and have the returns be even smaller when i start to make actual profit so nevermind then.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: YakamashiiRetart
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