Minning with free electircity

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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
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.
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
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.
Better just buy and hodl it, with 5k setup, you probably will make only two two rigs.
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?
You'll need one of those 10k USD miner rigs to actually earn something
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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