Is crypto mining still something to consider?

[J_UnixSurplus]

Hi STH,

I am still pretty new here and have thought about crypto mining for sometime now. I am not thinking of anything main stream but maybe Monero or another L2 chain. What do you recommend?

 

[kapone]

 

[J_UnixSurplus]

LOL that was not written by AI at all and is an honest question. Didn't know this community is harsher than Reddit

 

[is39]

There are tools which can help you estimate...

Hardware Resources

Maximize Your Hardware Profits with Smart Data & Powerful Tools. Hashrate.no is a platform that provides in-depth mining and hosting information for the top ASICs, CPUs, FPGAs and GPUs with detailed statistics and guides.

www.hashrate.no

Crypto coins mining profit calculator compared to Ethereum Classic

Calculate how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin

whattomine.com

⛏ Mining Calculator | Kryptex

The mining profitability calculator shows which GPUs are best for your mining rig and what altcoins are the most profitable, given your electricity pricing.

www.kryptex.com

--igor

 

[SnJ9MX]

basically not worth it at all anymore unless your electricity is <$0.05/kWh.. and even then you'll need a good way to get rid of heat. if you're in northern hemisphere and use electricity for heat (resistance heating), it can be profitable to heat your home with crypto mining in winter

 

[J_UnixSurplus]

There are tools which can help you estimate...

Hardware Resources

Maximize Your Hardware Profits with Smart Data & Powerful Tools. Hashrate.no is a platform that provides in-depth mining and hosting information for the top ASICs, CPUs, FPGAs and GPUs with detailed statistics and guides.

www.hashrate.no

Crypto coins mining profit calculator compared to Ethereum Classic

Calculate how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin

whattomine.com

⛏ Mining Calculator | Kryptex

The mining profitability calculator shows which GPUs are best for your mining rig and what altcoins are the most profitable, given your electricity pricing.

www.kryptex.com

--igor

Thank you Igor for the info I will take a look at this.

 

[J_UnixSurplus]

basically not worth it at all anymore unless your electricity is <$0.05/kWh.. and even then you'll need a good way to get rid of heat. if you're in northern hemisphere and use electricity for heat (resistance heating), it can be profitable to heat your home with crypto mining in winter

Yeah I live in Cali and our energy companies are horrible greed mongers. A seasonal mining might make sense though considering using it for alternative for possible heating the house during the cold season. LOL

 

[tinfoil3d]

remember, mining is always worth it if your energy bill is 0.
you can try a lottery. spin up bitcoind node, connect your tiny 5/12V miner asic(theres plenty of them now, based on repurposed, open-sourced older chips) and wait. year. two. four. forever. or just few minutes. you never know. but only if your electricity is free. mining for heat probably makes no sense, you can execute more useful stuff there like donating your power to do some scientific calculations instead. its unlikely to ever cover your power bill if you do traditional pooled mining.