BIGtrouble77 wrote on Feb 25, 2021, 15:45:
IgWannA wrote on Feb 25, 2021, 14:53:
Electricity is so minimal, about 40 cents a day per card.
You can't make a blanket statement like that. Elec costs vary across the US. When I ran my mining rig I had to keep close tabs on value of ETH since some months it would have been cheaper to just buy the ETH. My 8 GPU setup cost between $100 and $300/month (in Georgia which has very low rates) depending on rates for that particular period.
I meant right now, with a 30 series card, the electricity costs are insignificant compared to the value of Eth - unless you're unlucky enough to be on a variable tariff in Texas.... Even in Hawaii, the most expensive state for electric (I'm googling this as I live in the UK) it'd be about 80 cents per day, but you'd mine $7. Unless the profitability dramatically shifts, which it won't for a few months, it will remain profitable, especially with these 30 series cards which hash much more efficiently than the previous gens.
https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#3m