Is it still worth mining?

#5 Is it still Worth Mining?

And what earns more? Mining or Buying Crypto?

(at the time of writing the article:)

If you want to buy e.g. 1 LTC on the exchange, You Pay 60€

For mining 1 LTC You Pay 49€:

• 10€ = it costs you 4x Antminers L7 9050 in terms of 1 day (machine for 4600€; lifespan 5 years (1825 days))
• 39€ = it costs you electricity for 1 day (3260W/h x 24h x 4 miners x 0.125€ / kwh).

So operating miners for 1 day costs you 49€, but miners will mine for you crypto worth 60€ in 1 day (1 LTC)

• You invested 49€/day, earned 60€/day.
• In translation: You got crypto with 18% discount (or yield 22%)
• So you earned 22%/day even though the LTC price didn’t rise even a cent today.

Therefore mining is always one step ahead of buying crypto on the exchange

(and these are current calculations, when it’s the market bottom and thus outputs at the lowest values)

Explanations:

Mining vs Exchange

Ebook:

• 8x Why NOT TO INVEST A CENT in Mining (in red)
• +8x Why it really pays off
• (conclusions from 5 years of our investment in mining)
• INFO HERE