Re:Nvidia cripples cryptocurrency mining on RTX 3080 and 307...
by sellyme on Tuesday May 18, 2021 @11:41PM
(#27204262)
> My electricity costs $0.0816 per kWh.
I agree that the statement "you can't make a profit any more" is just incorrect because of the subjectivity of "you", but it's also worth noting that this is extremely variable - my electricity costs $0.38/kWh off-peak and $0.54/kWh on-peak.
Whether or not mining on existing hardware is profitable depends entirely on where you live, and since we're explicitly talking about the effects of an increased demand on GPUs due to mining, people are clearly not just using existing hardware.
I agree that the statement "you can't make a profit any more" is just incorrect because of the subjectivity of "you", but it's also worth noting that this is extremely variable - my electricity costs $0.38/kWh off-peak and $0.54/kWh on-peak.
Whether or not mining on existing hardware is profitable depends entirely on where you live, and since we're explicitly talking about the effects of an increased demand on GPUs due to mining, people are clearly not just using existing hardware.