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by JohnTHaller
3264 days ago
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People constantly seem to get into mining by looking at the calculator at CryptoCompare without reading the last bit which states that "Block reward is fixed at 5 ETH and future block reward reductions are not taken into account." Using CryptoCompare and assuming your 230MH/s of mining ability will net you $470 a month (at current ETH of $165.47) people assume they make $5,640 a year. That sounds great! If, however, you use something like MyCryptoBuddy's calculator, which takes into account pool fees and difficulty increase, you realize you're only going to make $1,553 in a year. Which is a rather paltry return if you shell out for 7 GTX 1070s. |
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