20 cent power is high.
you need to understand 5,6,7 cent power is solid for mining ⛏
10,15,20 = risk ,more risk, high risk
Topic: Altcoin Mining: you WON’T pay for that card (with assumptions) - page 2. (Read 310 times)
Altcoin Mining: you WON’T pay for that card (with assumptions)
So, I’m going to take the position that you will NOT make your money back with altcoin mining.
Instead you will have to ‘gamble” to make money.
Change my mind.
Here are my assumptions:
1) The price of the coin stays fixed (yah, yah, who knows what it will do?)
2) Mining Ethereum
3) Electricity is .20 per kilowatt USD
4) DIFFICULTY continues to rise as per this website (3.8% per month, 29% in the last 90 days) https://www.coinwarz.com/mining/ethereum/difficulty-chart
5) I’m buying an A4000 at 1499
6) I’m not counting the value of the card itself (I don’t know what it will be worth in the future)
7) Total rig cost for 5 cards is about $7500
8 ) Assuming we sell Eth for USD each month
a4000
Card Cost 1499
Qty 5
Sub total 7495
Tax 449.7
7944.7
Hash Rate 60
Hash Total 300
Day income per hash 0.055
Daily Income 16.5
Watts Per card 123
Rig Watts 100
Watts/hour 715
Watts/day 17160
Electric cost/killowatt 0.2
Cost/day 3.432
Net/day 13.068
ROI Days 607.9507
It will take 608 days to ROI on the A400 (not counting difficulty).
If I can get the card for $450 dollars instead of 1499, ROI is 182 days or 6 months.
BUT………..
Difficulty is eating away at your income every single month.
Right now it is reducing your net by 3.8 percent per month.
Buying 5 cards, electric to run the rig, we clear $13 dollars a day in the first month.
But difficult increases each month.
By month 42 we actually start losing money on the rig (difficulty increases).
The closest we come to ROI is at 42 months, and we still owe $1617 dollars
Difficulty is killing your mining investment.
I maintain you would have been better off invest in a fund Like VTI.
Over the last 5 years a $7500 dollar investment would have grown to $17,000.
But….
Here is where we all are gambling.
If you took that $7500 and invested in ETH 5 years ago (forget mining), you would now have $1.6 million dollars.
It’s not the daily income from mining that makes the money, we are all hoping on the coin going up in price by 100 times.
So, mining isn’t the answer, investing and holding is a better choice…..
So, I’m going to take the position that you will NOT make your money back with altcoin mining.
Instead you will have to ‘gamble” to make money.
Change my mind.
Here are my assumptions:
1) The price of the coin stays fixed (yah, yah, who knows what it will do?)
2) Mining Ethereum
3) Electricity is .20 per kilowatt USD
4) DIFFICULTY continues to rise as per this website (3.8% per month, 29% in the last 90 days) https://www.coinwarz.com/mining/ethereum/difficulty-chart
5) I’m buying an A4000 at 1499
6) I’m not counting the value of the card itself (I don’t know what it will be worth in the future)
7) Total rig cost for 5 cards is about $7500
8 ) Assuming we sell Eth for USD each month
a4000
Card Cost 1499
Qty 5
Sub total 7495
Tax 449.7
7944.7
Hash Rate 60
Hash Total 300
Day income per hash 0.055
Daily Income 16.5
Watts Per card 123
Rig Watts 100
Watts/hour 715
Watts/day 17160
Electric cost/killowatt 0.2
Cost/day 3.432
Net/day 13.068
ROI Days 607.9507
It will take 608 days to ROI on the A400 (not counting difficulty).
If I can get the card for $450 dollars instead of 1499, ROI is 182 days or 6 months.
BUT………..
Difficulty is eating away at your income every single month.
Right now it is reducing your net by 3.8 percent per month.
Buying 5 cards, electric to run the rig, we clear $13 dollars a day in the first month.
But difficult increases each month.
By month 42 we actually start losing money on the rig (difficulty increases).
The closest we come to ROI is at 42 months, and we still owe $1617 dollars
Difficulty is killing your mining investment.
I maintain you would have been better off invest in a fund Like VTI.
Over the last 5 years a $7500 dollar investment would have grown to $17,000.
But….
Here is where we all are gambling.
If you took that $7500 and invested in ETH 5 years ago (forget mining), you would now have $1.6 million dollars.
It’s not the daily income from mining that makes the money, we are all hoping on the coin going up in price by 100 times.
So, mining isn’t the answer, investing and holding is a better choice…..
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