In the past years, mining has been one of the best ways to invest and collect bitcoin.If you do not know what mining is, in short, mining is to use your graphics card and the rest of your computer resources to perform encrypted calculations of CryptoCurrency networks to collect parts of cryptocurrencies. This process was famous
What many do not know is that mining is becoming more difficult and complex over time. The situation is not as easy as it was before the crypto revolution that took place about two years ago, which caused the imbalance in the hardware market, in any case we will try to calculate Profit by investing in 4 GTX 1070 cards, each costing around $ 550, plus other computer components that will cost around $ 800, meaning we will invest about $ 3,000.
- The result of investing in Ethereum currency:
Ethereum has been chosen for being more profitable than Bitcoin and is currently priced at around $ 175, we will assume that the price of electricity is 0.1 $, the total consumption of the device will be about 700 watts, by doing some calculations we will find that the profit rate of investing 4 cards is $ 0.34 a day $ 10.2 per month, then you will need more than 24 years to get your money back !!!
As you notice the mining process is no longer as effective as it was in previous years, so I do not advise you to invest your money in it.
0 Comments