2 sats \ 1 reply \ @BTCMiner 13 Oct 2022 \ on: Worth it to mine? bitcoin
I keep landing on the idea that I should just keep smash buying spot Bitcoin instead
If your goal is maximizing your BTC stack, keep in mind that only a few brief times in bitcoin's history has an investment in bitcoin provided positive ROI in bitcoin terms (i.e., where 1 bitcoin invested in mining (CapEx spend) returned more than 1 bitcoin in BTC generated, less OpEx).
S19j Pros that were selling for $10k a year ago now only profit $3 - 3.50 per day with 5¢/kWh power.
It takes 2,857 days to make $10k with $3.50 per day of profit.
https://twitter.com/dfrumps/status/1580573433360191488 [Nitter]
Of course, an S19j Pro sells for a lot less today though.
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25 sats \ 0 replies \ @newnym 13 Oct 2022
That US$ 0.05 electricity price is hard to come by now. If I recall correctly Compass is charging at least 0.07 on their cheapest locations.
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