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RE: Genesis mining day 44 - Brutal !!!

in #mining8 years ago

Yeah no doubt. Not only you need to predict the future price, you also need to predict the difficulty. I try to answer the difficulty answer in my eariler post which i fit a model to predict to the future. Unfortunately it is showing it may not be a good investment as i would have thought. But it is still better to get into the mine riging

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Maybe it will not pay out in short term, but in the long run investing in ETH is surely a good idea. Tried ETH mining a Home with 3 NVIDIA (2x GTX1080 + 1070) = 65-70 Mh/s. It would take 4weeks to get one ETH.
Amazing amount of computational power and electricity for one ETH !!
https://www.cryptocompare.com/mining/calculator/eth?HashingPower=75&HashingUnit=MH%2Fs&PowerConsumption=500&CostPerkWh=0.12