Crypto Mining - My Experience - For newbies

Hello,
I just started mining with RTX 2060 GPU (PC mining), so far so good.
Almost 45 - 50 usd generation per month while electricity cost 15 usd.
So profit would be around 30 usd for 1 RTX 2060 GPU.

You have to consider about,
- GPU
- Power supply unit

Always keep heat below 70'C.

Refer below screen shot, a part of the list, (Refer the attached image).

The Service Provider - https://bit.ly/3BtRHn0
will use your devices and use them on optimized way!.

The major issue is I'm facing that recently increased GPU prices.
You guys are welcome to share valuable stuff related to GPUs.

 

What about mining difficulty increase? Hardware depreciation?

 

Pros and Cons

Pros -
- With the time crypto value goes up.
Eg: BTC now @ 30k usd, it may reach 100k then 1 Mn oneday.

So u just have to mine (1/3) what you mine today for having same amount of money when btc hits 100k.

- Still you can sell used GPU at its half price.

- (Crypto )- Real world transaction amounts/usage will be higher, more opportunity for miners.

Cons -

- Hardware depreciation
- Mining difficulty increases
- Technological transformations - Proof of work to proof of stake or etc.

 

crypto mining wastes energy，produces nothing useful to society

 

watching netflix waste energy - produce happiness for the one who watch.
Crypto mining - verify crypto transactions - helps decentralized transactions.

 

You breathing air is a waste of energy

 

It doesn't feel like it's worth doing unless you can scale it up to at least 1k a month

 

That should be easy... just run 30 machines.

 

Randy,

What's the electricity price in your area?

 

He may have inadvertently hooked up to neighbors