And what about buying and btc asic?I don't think so unless you're mining with free machines and at very low electric costs that going to set you few hundred dollars daily ...
Now mining is generally not inherently profitable due to the low cost of cryptocurrency and the high price of electricity. In addition, if you mine on the GPU, then you will not get a high rate, which means there will be no profit. And if you mine on ASIC, then the hashrate will be high, but you will have to pay a good amount for electricity.Even if mining is currently less highly profitable and lucrative than it once was, it is still profitable to mine litecoin if you still have the GPU that is designed specifically for mining. The ROI of putting up an litecoin mining rig, however, might be too low for someone who needs to buy a brand-new GPU and is considering getting into the litecoin mining business.
I know about this because I myself was engaged in direct physical mining on the GPU. These so-called arithmetic logic units are present in any video card processor, as well as in system processors.Arithmetic Logic Units, often known as ALUs, are an integral part of graphics processing units (GPUs) and are responsible for carrying out a variety of mathematical computations. As a result of the presence of these ALUs, the GPU is able to carry out a greater number of calculations, which results in an increase in the amount of cryptocurrency that can be mined.
Even if mining is currently less attractive and potentially lucrative than it once was, it is still advantageous you mine Litecoin if you still have a GPU that is specifically designed for mining. However, the return on investment for arranging a Litecoin mining rig may be too low for those who are considering getting into Litecoin mining and needs to buy a line of products GPU.Yes, it's profitable but there are more interesting coins to mine. I think you need to decide if you are willing to take risks and mine promising young coins, or mine Ether conservatively, without unnecessary risks.
I mine Toncoins rigt now. It's more profitable than ETH. But there is one caveat, mining will end soon. The possibility may just disappear because right now it remains ~74M coins available to mining.
Although profitable, there are other, more intriguing coins to mine. I believe you should choose between mining Ether cautiously and without unneeded risks, or taking excessive chances and mining promising new coins.Arithmetic Logic Units, often known as ALUs, are an integral part of graphics processing units (GPUs) and are responsible for carrying out a variety of mathematical computations. As a result of the presence of these ALUs, the GPU is able to carry out a greater number of calculations, which results in an increase in the amount of cryptocurrency that can be mined.
Another point is important here, if we consider this issue in this aspect.It could cost a fortune to put up mining gear or farm for cryptocurrency. When your computer is mining for a prolonged period of time, you should expect to see substantial increases in its electricity use. Because of this, the total price will end up being more.
It is anticipated that bitcoin mining will be accountable for 0.1% of the world's total emissions of greenhouse gases by the year 2023. The generation of power through the use of coal is responsible for the second type of environmental impact known as air pollution, and the short lifespan of bitcoin mining gear is responsible for a third type of environmental impact known as electronic waste.Another point is important here, if we consider this issue in this aspect.
When the cost of the mined currency is at a sufficiently high level, as it was recently, then you do not pay much attention to the cost of electricity. The profit from the sale of coins covers everything.
I have been mining Ethereum for two and a half years and stopped my rig just 2 months ago.
So here's what I want to say: most often the electricity charge is from 10 to 20%.
I agree completely with your opinion that mining is inherently harmful to the environment.It is anticipated that bitcoin mining will be accountable for 0.1% of the world's total emissions of greenhouse gases by the year 2023. The generation of power through the use of coal is responsible for the second type of environmental impact known as air pollution, and the short lifespan of bitcoin mining gear is responsible for a third type of environmental impact known as electronic waste.
Mining cryptocurrencies can be a high-stakes venture because of factors like the market's intense competition, frequent shifts in mining difficulty, and unpredictable price swings. Hardware and energy costs can add up quickly, and the rate at which technology advances can have an effect on mining's bottom line. In addition, the regulatory climate for mining can be unstable and unpredictable, increasing the inherent danger to the industry. It's crucial to do your homework and weigh the benefits and drawbacks of cryptocurrency mining before making any financial commitments.Mining ethereum is no longer profitable if you check the cost of electricity and mining rig or equipment. Secondly, cryptocurrency is down. Moreover, miners is slowly leaving ethereum behind because of coming of ethereum 2.0 that does not need mining
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