Is mining profitable with free elctricity?
- Thread starter andreaog
- Start date
andreaog
Junior Member
- Nov 30, 2015
- 161
- 23
I would need a miner...with laptop I won´t go anywhere...forgot to ask if it´s worth buyng a miner equipment
PowerKnipser
Registered Member
- Jul 23, 2017
- 76
- 20
Do you live with your parents or why do you have free electricity? xD
tightmetrics
Junior Member
- Sep 28, 2018
- 106
- 32
I don't recommend mining Bitcoin. Monero is your best bet in my opinion.
SiddharthW
Power Member
- Jul 29, 2017
- 734
- 384
With Free Electricity?
Of course, It is. You'll Still need to Invest in buying Miner.
If you scale up fast using Free Electricity. I bet you'll make your Million $ Soon.
Of course, It is. You'll Still need to Invest in buying Miner.
If you scale up fast using Free Electricity. I bet you'll make your Million $ Soon.
JLee411
Registered Member
- Jul 13, 2011
- 93
- 31
Of course it's profitable if electricity is free
cerebration
Power Member
- Mar 9, 2018
- 678
- 515
With free electricity, it definitely can be profitable.
With paid electricity, things look a little different, because your profits are a lot smaller AND your equipment gets old/outdated.
With every coin that is being mined out there, the next one requires more power to be mined. That's why I prefer to stay out of such investment when I know that in X amount of time, my miner will mine less value than it consumes.
With free electricity, we can assume that you make $3 per day. As time goes, you will make less and less every day(assuming you mine the exact same coin AND its price doesn't move).
Of course, you can always mine different coins, but it requires constant research on which coin is the most profitable to be mined right now.
Even though the crypto market is not as volatile as it used to be, it's still pretty risky and prices jump both up and down a lot.
Good luck!
With paid electricity, things look a little different, because your profits are a lot smaller AND your equipment gets old/outdated.
With every coin that is being mined out there, the next one requires more power to be mined. That's why I prefer to stay out of such investment when I know that in X amount of time, my miner will mine less value than it consumes.
With free electricity, we can assume that you make $3 per day. As time goes, you will make less and less every day(assuming you mine the exact same coin AND its price doesn't move).
Of course, you can always mine different coins, but it requires constant research on which coin is the most profitable to be mined right now.
Even though the crypto market is not as volatile as it used to be, it's still pretty risky and prices jump both up and down a lot.
Good luck!
masterkid
Regular Member
- Oct 30, 2015
- 254
- 60
I don't think it is worth to mine Bitcoin with current competition level. I suggest you to start mining some altcoin (like JSECoin) because I think you will make more money with it in future (due to less competition level and growth potencial - Bitcoin does not have anymore growth potencial).
MotiveVision
Junior Member
- Oct 2, 2013
- 119
- 24
It can be very profitable especially with fee electricity if you can afford to correctly setup a good mining farm. One miner won't be worthwhile..Hello guys,
I have access to free electricity, I was having a look at a website which estimates earning...
Do you think it´s doable?
I kinda know Marketing
Junior Member
- Oct 20, 2018
- 140
- 48
You need a good GPU to mine most coins, you can't really do much with a cpu