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I checked the hash speed of my system. It is around 600 H/s for an intel i7 processor.
I checked this with crypto compare profit calculator:
Hash power: 600 H/s, Power consumption: 50w, Electricity cost: $0.1/KWh, Pool fees: 1%
It is showing me a loss of $0.12 everyday resulting in a monthly loss of $2.12
What is the actual reality of Monero mining at a hash rate of 600 H/s? I am sure people will not mine for a loss.
Thanks in advance
Hash power: 600 H/s, Power consumption: 50w, Electricity cost: $0.1/KWh, Pool fees: 1%
What is the actual reality of Monero mining at a hash rate of 600 H/s?
Clearly you will make a loss unless the price of XMR grows significantly against the dollar.
I am sure people will not mine for a loss.
Correct. Anyone remotely serious about mining will buy hardware that mines significantly faster than 600 H/s and will locate their hardware where they can secure cheap electricity - the combination of which to make it actually profitable.
