Is doing a 100amp @ home mine even worth it anymore?

philipma1957

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'The right to privacy matters'

Quote from: NotFuzzyWarm on November 02, 2024, 08:16:18 AM

Quote from: Zorg2 on November 02, 2024, 07:11:10 AM

75 amps is 396 kWh per day, not 1800 kWh

Um, yer both wrong...
75A*240V=18,000Wh=18kWh*24h=432kWh

yeah I did fuck up

6 units at 1200 th at 5 cents is 60 bucks a day

6 units burning 440 kwatt is 22 a day

profit of 38 a day

6 units cost you 24k

650 days x 38 = 24700

so I did get 600-700 day break even correct

but I had far more units than true
and the same results

the reason is 5 cent power and profit ratio is the same.

but I could argue buying 24 k worth of miners is doable

of course he could just buy 24 k worth of coin

NotFuzzyWarm

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Evil beware: We have waffles!

Quote from: Zorg2 on November 02, 2024, 07:11:10 AM

75 amps is 396 kWh per day, not 1800 kWh

Um, yer both wrong...
75A*240V=18,000Wh=18kWh*24h=432kWh

Zorg2

newbie

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75 amps is 396 kWh per day, not 1800 kWh

philipma1957

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'The right to privacy matters'

Quote from: definevalue on October 27, 2024, 01:39:18 PM

Just wondering seems like everything asic wise is sold at what it may potentially make in its lifetime and got a little pyramid/ponzi like is there any actual profits in doing at home miner hosting anymore? Or is it all about them PoS nodes now

let me break this down for you.

if you have 100 amps of 240 power

you get to use about about 75 amps 24/7/365.

so what do we get for 75 amps of 240

around 22 s21s maybe only 20

so 20 x 200 = 4000 th

and at 5 cents a th you earn 200 usd a day

you burn 75 x 24 = 1800 kwatts a day.

at 5 cents a kwatt you spend 90

so 200-90 means 110 daily profit.

those 20 units are maybe 70000 maybe 80000

if you get lucky 600 to 700 days to pay the purchase price off.

bizeodal

jr. member

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A home miner doesn't pay million-dollar salaries to an army of consultants - lawyers, accountants, finance brokers
But big corp miner can currently get away with losing money, because shareholders are optimistic, willing to top up the balance sheet by buying more shares

The home miner must use the most efficient available miner. Depending on electricity cost, burning 29J/TH is unprofitable, burning 15J/TH is profitable

danieleither

full member

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It all comes down to power rate at the end of the day. If you have a low enough power cost, it doesn't matter if you have 1 miner or 1000 miners, it will be profitable.

mikeywith

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be constructive or S.T.F.U

It mainly boils down to your power rate, I would say anything below 5 has a good chance of making money, anything above is risky, the higher the rate, the greater the risk.

The next thing you want to consider is the type of miner you want to buy, your budget also power rate would dictate that, in general, you want to be mining at little to no cost in order to survive the dark days, those days could turn into months and if you are mining at close to breakeven, you will be the first person to lose.

definevalue

copper member

Activity: 136

Merit: 3

Just wondering seems like everything asic wise is sold at what it may potentially make in its lifetime and got a little pyramid/ponzi like is there any actual profits in doing at home miner hosting anymore? Or is it all about them PoS nodes now

Topic: Is doing a 100amp @ home mine even worth it anymore? (Read 102 times)