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RE: Cryptocurrency Mining For Dummies - Lesson 1

in #mining4 years ago

can you answer some general questions? i'm in la with fairly expensive electrical costs. is mining any coin going to be profitable for me? when i say profitable, i mean showing a apr of 15% or greater after power and hardware costs. if so, can you point me towards the best rig setup? cheers,
gary

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You could go to Whattomine.com and put in your electicity rate and see if any card gives you the return you're looking for. But right now, I would say no. Most coin prices are moving down as Bitcoin moves up. Of course that could all change tomorrow.