Anyone mining Ethereum from home?

Discussion in 'Crypto Assets' started by Ed48, Jun 25, 2021.

  1. Is it good enough to make $2.16 profit in a day with that cost?
     
    #41     Jun 28, 2021
  2. jharmon

    jharmon

    Risk/reward on buying equipment to do this now is too high.

    I would not bother.

    And I certainly would not mine on a hardware I use for other things - mining is taxing on your hardware - noisy cooling solutions required, big power supplies, and may give other system instability - most miners overclock certain aspects of their hardware (such as memory speeds) - I wouldn't want my trading PC running that sort of thing in the background due to risk of it crashing the system.
     
    #42     Jun 28, 2021
    johnarb likes this.
  3. Ed48

    Ed48

    The problem for me is that things move so fast. You could buy a rig now for a few $k and it sounds like it could be redundant within a couple of years.

    My current laptop is 10 years old. It's a bit slow, and sure I could probably benefit from upgrading to a new model, but it is still perfectly usable. I doubt you could count on a rig being any use in 3 years, let alone 5 or 10 years.
     
    #43     Jun 29, 2021
  4. jharmon

    jharmon

    Forget years - it'll probably be redundant (unprofitable) in 6 months.

    Your laptop is certainly has a reasonable chance (5-10%) of failure each year and your storage probably more. I hope you have good backups.
     
    #44     Jun 29, 2021
  5. Ed48

    Ed48

    It does play up from time to time (screen/gpu definitely on the blink). I know it's only a matter of time before it dies, which is good because it's a constant reminder to keep it backed up.
     
    #45     Jun 29, 2021