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Crypto Currencies

shane_3800

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Also I just did some power calculatios and the price of electricity here in Australia makes mining not as profitable.
If I owned my own house I would have solar which would pay for it's self by mining.

If I get a $1600 miner it should be making 20 to 25 a day but most of that money is spent on power as Australia is close to $.340 a kwh for power.
 

J_D 2.0

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Also I just did some power calculatios and the price of electricity here in Australia makes mining not as profitable.
If I owned my own house I would have solar which would pay for it's self by mining.

If I get a $1600 miner it should be making 20 to 25 a day but most of that money is spent on power as Australia is close to $.340 a kwh for power.
Yeah. I’m going to be putting solar on my house and when I do it might stack up to mine then as your only getting paid about 8-10 cents per kilowatt hour for exported electricity so if you use it onsite to mine crypto it could increase the ROI on the solar setup.
 

J_D 2.0

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Also I just did some power calculatios and the price of electricity here in Australia makes mining not as profitable.
If I owned my own house I would have solar which would pay for it's self by mining.

If I get a $1600 miner it should be making 20 to 25 a day but most of that money is spent on power as Australia is close to $.340 a kwh for power.
If I was to buy a rig I’d be going for an 8 x GPU rack. It’s a lot more expensive but at least it’s future proof as it can mine more than one crypto. Once an ASIC isn’t paying off anymore it’s only good for the bin whereas a GPU setup can be either repurposed to a new crypto or at worst broken up to individual GPUs and sold on eBay.
 

J_D 2.0

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Apparently it would stack up to mine Ether with an 8 x GPU rig even with a 22 cent per kilowatt hour electricity price. Cryptocompare says it would make about 10k profit per year after electricity costs. Your rig would cost 5k so your in the green after the first 6 months.

As to if the calculator is accurate is another question entirely. The site for the GPU rig says the setup only uses 1000 watts which I think might be optimistic but even so there’s enough fat in there to make it work.
 

shane_3800

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Apparently it would stack up to mine Ether with an 8 x GPU rig even with a 22 cent per kilowatt hour electricity price. Cryptocompare says it would make about 10k profit per year after electricity costs. Your rig would cost 5k so your in the green after the first 6 months.

As to if the calculator is accurate is another question entirely. The site for the GPU rig says the setup only uses 1000 watts which I think might be optimistic but even so there’s enough fat in there to make it work.
What GPU's? They are hard to get and cost a **** ton. The Nvidia 1660 supers are about $550aud.
 

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J_D 2.0

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J_D 2.0

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As expected, tech moves on with bigger, better, faster, safer, etc... how to make the transition from one Crypto to another. I do believe, precious metals will play a part on this "Version/Revison" problem.
Yeah. They keep moving forward at a blistering pace. I wouldn’t feel comfortable buying an ASIC as it could be made obsolete tomorrow (as Etherium 2.0 will do to existing Ether ASICs)
 

shane_3800

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shane_3800

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It's a shame as I don't plan to own a home for about 4 years. Plan is to move to perth and get on the good money in heavy machinery.
So I likely won't have the cheap power or space for mining rigs for some time other than maybe a dual GPU rig.
If I go dual 1660 supers they should be able to make two to three dollars a day each.

By the time I have a house staking will be the go and I'll try my luck at that too.
 
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