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  1. #1
    Fregi's Avatar
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    Minning with free electircity

    How profitable could this be, with approximately a 5-7k setup. Free electricity. Just looking to see if this can pay rent in one of my properties.

    Thanks

  2. #2
    Allura's Avatar
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    Its almost always better to just buy the coin than mine it. Reason I say this is because hardware keeps improving and profits decrease as difficulty increases.
    I barely use MPGH IM, Send me a private message to reach me faster!
    Also I currently don't sell anything!



     
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  4. #3
    DefaultAccount's Avatar
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    Quote Originally Posted by Fregi View Post
    How profitable could this be, with approximately a 5-7k setup. Free electricity. Just looking to see if this can pay rent in one of my properties.

    Thanks
    it would cost you a fortune in hardware

  5. #4
    TrustSeller's Avatar
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    Economies of scale matter here. Having a couple of hundred miners at play? Free electricity for the heating? You've got yourself a profit. But doing this at home? The difficulty will increase so much that you'll not be able to be profitable at all.


  6. #5
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    Better just buy and hodl it, with 5k setup, you probably will make only two two rigs.

  7. #6
    Fregi's Avatar
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    Quote Originally Posted by ThePuncher View Post
    Better just buy and hodl it, with 5k setup, you probably will make only two two rigs.
    Ill be happy if I make 500 a month or so. How many rigs do u need for that?

  8. #7
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    You'll need one of those 10k USD miner rigs to actually earn something

  9. #8
    xHubaBubax's Avatar
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    You need a good mining rig to be really 'profitable' and it would cost a lot for the set-up. And it's too late to do that now. With your 5K, i suggest you go with trading.

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