Pretty typical $0.1/kWH (on average, there are peaks and valleys like everywhere else). A lot of folks overestimate the actual power cost. Sure I’m pulling about 24A at 240V from the wall (over 6 kW) which costs somewhere in the neighborhood of $320/month. But the actual BTC I receive is worth over $3000/month assuming I sell it as I get it.
What’s super nice about mining is that it’s quite resilient to market trends. For example if crypto crashes 50% the number of transactions on the blockchain skyrockets (everyone either buying the dip or panic selling) which results in more cryptocurrency actually received from mining. The value of the coin can go down, but I get more of it.
As a passive revenue stream it’s actually quite beautiful. Just don’t forget to pay taxes!
What’s super nice about mining is that it’s quite resilient to market trends. For example if crypto crashes 50% the number of transactions on the blockchain skyrockets (everyone either buying the dip or panic selling) which results in more cryptocurrency actually received from mining. The value of the coin can go down, but I get more of it.
As a passive revenue stream it’s actually quite beautiful. Just don’t forget to pay taxes!