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Topic: Are alt coins profitable to mine at the moment? - page 3. (Read 3124 times)

full member
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Merit: 100
Today I have mined 100 cgb in a 24 hour period and have been burning 7.5kwh - 8kwh on average. My electricity cost here in the UK is 11.5 pence per kwh (and that is one of the cheapest tariffs) so that is £22.08 per 24 hours. The cgb I have mined are only worth around £18!!!

The electricity is everything used including switches, router,  extractor and inlet fans.

I find the coinwarz calculator to be over optimistic for the number of coins mined as well.

Is anyone actually making any money?

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