Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day...
by autokad on Monday December 18, 2017 @06:49PM
(#15956563)
I was thinking of mining ethereum. there was a 250$ video card that could mine 500$ worth of ethereum per year. I thought wow thats profitable, but I did some more research. the same card could mine 1500$ worth 2 months ago, and ethereum was 30% cheaper.
that would have been a losing deal to get into, and it assumed the machine was mining 24/7 without issue. I tried mining with my existing card, but it spent a substantial amount of time building the DAG, and it really wasnt worth turning my PC into a space heater.
between more people mining and hashes getting harder, the price of the coin is not as much of a factor in whether its worth mining.
that would have been a losing deal to get into, and it assumed the machine was mining 24/7 without issue. I tried mining with my existing card, but it spent a substantial amount of time building the DAG, and it really wasnt worth turning my PC into a space heater.
between more people mining and hashes getting harder, the price of the coin is not as much of a factor in whether its worth mining.