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Is Mining Profitable if you dont pay for electricity

by Maestro_JS - 07 March, 2021 - 07:48 PM
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(This post was last modified: 07 March, 2021 - 07:51 PM by Maestro_JS. Edited 1 time in total.)
there is a place in my town where people dont pay for electricity its nothing illegal its just a place where the gov pays for electricity 
and i wanted to know if it would be worth it to mine ethereum or something else 
please give me your thoughts
btw i dont own any equipment im thinking of buying them
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This post is by a banned member (Rachelold) - Unhide
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#2
the poor fucking place and i see no harm in it just as long as you dont fuck up your pc its good for a couple of bucks while you sleep
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#3
(07 March, 2021 - 07:49 PM)Shouko_Nishimiya Wrote: Show More
the poor fucking place and i see no harm in it just as long as you dont fuck up your pc its good for a couple of bucks while you sleep

i dont live there sir
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This post is by a banned member (DailyIncome) - Unhide
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#4
Theoretically speaking if electricity is free then yes it is profitable. 
Maths. 
However do look at your ROI (Return on Investment) and balance out if the return you make from your money by investing it in a mining rig / asic is greater than what you can do with the money in another way.
Take into account the fact that your mining rig will die at one point and that it's profitability decreases over time.
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#5
its a bad investement in my opinion, mining is really a bad idea in 2021
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#6
Considering Equipment Prices that inflated 4x Than the original then no it's not profitable
your ROI will be 8-10 Months ( if Btc didn't crash on those months to come )
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#7
Wouldn't recommend it, ROI is going to be atleast 6 months.

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