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RE: Is Mining Crypto Worth It?

in LeoFinance2 years ago

Obviously, most of the equipment do not increase in prices to cover the cost. And the cost of electricity is high in most part of the world as you said.

But let me play the video and listen to the full gist. Maybe, I'll be convinced that mining crypto is worth it.

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The key to mining is to calculate and project costs/profits correctly.

These days, I prefer liquidity mining on Cub/Polycub and proof of brain mining on LeoFinance & Hive.

The days of hardware mining are coming to an end

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Sadly, I agree. I mined Z-Cash and Ethereum before the last bear market, and thought about it again during the most recent bull market.

But the cost of electricity, the noise, the heat and the ease of making money in DeFi demotivated me to build a miner again.

I built four, with 10 GPU motherboards, but only ran 8 GPU due to the cost of the GPU at the time.

In truth sometimes the exciting notions of building and running a miner are more pleasant then the actual emotions of running a miner. But the knowlege I gained is invaluable.

I guess it's a good time to buy GPU now, that miners are giving up due to lower price for crypto. So this would be the perfect time to start.

If only I lived in a state that would subsidize my electricity cost to promote cryptocurrency mining...

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