Unless you are paying Sub-$0.08/kwh, mining is a LOSING situation. And that's not even considering the cost of the ASIC miner itself, which pushes the break-even point out 1.5-2 years....when the miner itself isn't even worth the cost of running it vs what its hashrate produces. The Large centralized Miners like RIOT, MARA, etc... have Centralized the opportunity of mining Crypto coins/tokens.
@bravenewcoinАй бұрын
All good points and we appreciate the insights. The original article at Brave New Coin bravenewcoin.com/insights/crypto-assets-you-can-mine-from-a-home-computer does cover off how to do the electricity calculation and where in the US and beyond the least expensive electricity can be found. It's also worth considering that this might not be a 'mine and sell immediately' scenario for people. Just as a 'for instance', if you'd been mining Bitcoin in 2011 and lost money or barely broke even at that time (when the Bitcoin price was less than a dollar) but you'd held it until now, you'd be looking pretty good.
@nickbowersАй бұрын
Please don't start doing stupid thumbnails.
@bravenewcoinАй бұрын
What is a 'not stupid' thumbnail Nick Bowers? We're open to suggestion.
@bravenewcoinАй бұрын
Data driven... - "Impressions Click Through Rate 2.6% Great news! People on KZbin are choosing to watch this video more often than usual."