Can You Make Money Mining Cryptocurrency At Home? Residential Electric Rates Kill Profits?
Can you still make money mining cryptocurrency at your own home?
Buy your own Mining Rig parts on Amazon - http://geni.us/CujsiX
One of the top questions I receive is if it is still profitable to mine cryptocurrency and if crypto mining is still one of my main sources of income. Unfortunately cryptocurrency mining has gained the interest of a lot of big players with a lot of money. . and with that that entire cryptocurrency mining ecosystem continues to change.
Today I breakdown my electric bill and compare it to what I was paying to mine crypto last year. Your electric rate will have a massive impact on whether or not cryptocurrency mining will be profitable for you. No matter if you are mining Bitcoin, Ethereum, Litecoin, or perhaps Aion / Loki / Ethereum Classic like me -- the biggest factor when determining if and what you should mine in a bear market will be influenced by your electric rate. My electric rate last year was effectively 10 cents per kWh (kilowatt hour) and with the hike / introduction of a higher summer electric rate for me, my electric rate increased to almost 14 cents per kWh.
Lets breakdown my crypto mining profitability, and how the increase in my electric rate impacted my overall earnings / profitability / ROI much more than many expected.
Links discussed in todays Crypto Mining Video
Loki Network Crypto Coin to USD - http://bit.ly/2CAO1Vu
What To Mine Profit Calc. 5x RX 570 Rig - http://bit.ly/2pMnrAk
Aion Network Coin Mining Profit Calc - http://bit.ly/2E7VPzu
Aion Network Crypto to USD CoinGecko - http://bit.ly/2A9oFxC
12x Rx 570 Mining Rig Profitability - http://bit.ly/2y6Vzva
8x Nvidia 1070 TI Mining Rig Profits - http://bit.ly/2yahbHb
Mining Rig Parts IN STOCK on Amazon - http://geni.us/WQd7cCs
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BTC - 12PsgKuhcJrEqJbD3oMN7rcEcuyqyqRznL
ETH - 0xDEe6A2ae293F8C58Ef71649658344BbF382b6e70
ZEC - t1ZoVF5t75NahSAfuwpcyHA8uzkPyocXpJZ
ZEN - znb1iNFP6VctF2AhXLXtMsSjP7emvYDmeXR
Loki -
LScbLXmws9RA4SXVz5GhGm3N2YfKShw6MQGeyAjYc3bE5nYHUw3UUWxgKGN8kCnWQkfZEGN1PBxX7Zky3aVJSpGxTZTuDLB
XMR - 484HoyS4h2fenvLKQkuUV7FwnJaGK8LMX43tiJ3UZdVU53d2MxFiQ1jbSfyorsXZVs1SvoPVh4nipjd7b4GVgFGmCgygdpV
Doge - DHgX7vJjBsmYcB1GgubGtu3TVJkqQgCG6B
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Track: Unknown Brain & Spce CadeX - Holding You (feat. Max Landry) [NCS Release]
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I'm currently trying JSEcoin and it does not consume much power at all..