To answer that question, I went to this website: I would organize the ASICs by profitability from highest to lowest and look at the power draw tab. You will notice that there are miners that earn the same as others but consume much less energy. They are usually more expensive and may come with the added risk of being a less secure algorithm for long-term investments. Generally, people prefer to invest in 123b 123b At for long-term security. Unfortunately, the calculator doesn't take many technical details into account. It shows the current payback period for an ASIC miner based on the 123b 123b At price and the network hashrate. So mining is no longer profitable anymore unless you have free electricity, I did some calculation on a $8000+ asic miner and I am quit disappointed, with the present 123b 123b At value this miner will take more than three years to get you your money back, with 318TH is seem impossible and soon 123b 123b At will dump and head for a bear market, how are miners making money from 123b 123b At mining then? Hobbyist? If your electricity costs more than 10 cents, there's no point in even thinking about mining. A good return on investment is achieved at 2-5 cents per kilowatt. Large mining companies don't buy ASICs at retail prices. An ordinary miner is unlikely to get a good discount on equipment, so the only chance to make money is having cheap electricity. Wow I never thought about that, so big farms don't purchase miners one by one, they go big at once and this makes they eligible for better discount deals? Damm you are right.
To answer that question, I went to this website: I would organize the ASICs by profitability from highest to lowest and look at the power draw tab. You will notice that there are miners that earn the same as others but consume much less energy. They are usually more expensive and may come with the added risk of being a less secure algorithm for long-term investments. Generally, people prefer to invest in 123b 123b At for long-term security. Unfortunately, the calculator doesn't take many technical details into account. It shows the current payback period for an ASIC miner based on the 123b 123b At price and the network hashrate. So mining is no longer profitable anymore unless you have free electricity, I did some calculation on a $8000+ asic miner and I am quit disappointed, with the present 123b 123b At value this miner will take more than three years to get you your money back, with 318TH is seem impossible and soon 123b 123b At will dump and head for a bear market, how are miners making money from 123b 123b At mining then? Hobbyist? If your electricity costs more than 10 cents, there's no point in even thinking about mining. A good return on investment is achieved at 2-5 cents per kilowatt. Large mining companies don't buy ASICs at retail prices. An ordinary miner is unlikely to get a good discount on equipment, so the only chance to make money is having cheap electricity. Wow I never thought about that, so big farms don't purchase miners one by one, they go big at once and this makes they eligible for better discount deals? Damm you are right.

To answer that question, I went to this website: I would organize the ASICs by profitability from highest to lowest and look at the power draw tab. You will notice that there are miners that earn the same as others but consume much less energy. They are usually more expensive and may come with the added risk of being a less secure algorithm for long-term investments. Generally, people prefer to invest in 123b 123b At for long-term security. Unfortunately, the calculator doesn't take many technical details into account. It shows the current payback period for an ASIC miner based on the 123b 123b At price and the network hashrate. So mining is no longer profitable anymore unless you have free electricity, I did some calculation on a $8000+ asic miner and I am quit disappointed, with the present 123b 123b At value this miner will take more than three years to get you your money back, with 318TH is seem impossible and soon 123b 123b At will dump and head for a bear market, how are miners making money from 123b 123b At mining then? Hobbyist? If your electricity costs more than 10 cents, there's no point in even thinking about mining. A good return on investment is achieved at 2-5 cents per kilowatt. Large mining companies don't buy ASICs at retail prices. An ordinary miner is unlikely to get a good discount on equipment, so the only chance to make money is having cheap electricity. Wow I never thought about that, so big farms don't purchase miners one by one, they go big at once and this makes they eligible for better discount deals? Damm you are right.

To answer that question, I went to this website: I would organize the ASICs by profitability from highest to lowest and look at the power draw tab. You will notice that there are miners that earn the same as others but consume much less energy. They are usually more expensive and may come with the added risk of being a less secure algorithm for long-term investments. Generally, people prefer to invest in 123b 123b At for long-term security. Unfortunately, the calculator doesn't take many technical details into account. It shows the current payback period for an ASIC miner based on the 123b 123b At price and the network hashrate. So mining is no longer profitable anymore unless you have free electricity, I did some calculation on a $8000+ asic miner and I am quit disappointed, with the present 123b 123b At value this miner will take more than three years to get you your money back, with 318TH is seem impossible and soon 123b 123b At will dump and head for a bear market, how are miners making money from 123b 123b At mining then? Hobbyist? If your electricity costs more than 10 cents, there's no point in even thinking about mining. A good return on investment is achieved at 2-5 cents per kilowatt. Large mining companies don't buy ASICs at retail prices. An ordinary miner is unlikely to get a good discount on equipment, so the only chance to make money is having cheap electricity. Wow I never thought about that, so big farms don't purchase miners one by one, they go big at once and this makes they eligible for better discount deals? Damm you are right.