Just some quick update for the situation right now and today:
Z9 mini stock ZEC profitabillity at 0.14$ per kw/h: 1.28$, compared to ~10$ around 1.September
1080ti stock ETH profitability at 0.14$ per kw/h: 0.01$
ROI to get even:
Z9 mini stock: Price ~800$ incl. Shipping/taxes. 625 days or in other words … never as difficulty will rise further.
1080ti: Price ~800$ (best i found on Amazon!), 80,000 days = 219years, lol. never again.
All we do with POW at the moment is feeding/sponsoring hardware producers and electricity companies, nothing else…
Let’s break it down who gets what within 1 year if we buy hardware today:
Z9 mini stock:
Bitmain: ~800$ in FIAT
Miner: <467$ or around 4ZEC (that’s best case IF difficutly won’t increase, but it will for sure!)
Electricty Company: ~368$ in FIAT
Asic Conclusion: First of all for every ZEC we mine at the moment we pay around the same amount in FIAT to electricity companies, this alone makes no sense at all. We pay double the amount we mine to the hardware producer again and mostly in FIAT, makes no sense at all by now…
GPU 1080ti stock:
Nvidia/Reseller: 800$ in FIAT
Miner: 3.65$ = ~ 0.023ETH
Electricity Company: 230$ in FIAT
GPU Conclusion: Looks worse, but only because we have Asics for a short time on equihash. A look at SHA256, Scrypt, X11 shows that it’s compared the better solution. But how much better? Expect some hardcore gpu pow believers and fans nobody will buy a gpu for mining right now. We feed again non crypto related companies in FIAT.
It’s even extreme with GPU:
In first year 1030$ have to be paid in FIAT to generate 3.65$ in crypto, that’s 0.35% crypto in return of our FIAT. Total joke…
All we do with POW at the moment is driving money out of crypto instead of investing indeed into crypto.
Why are we (personal & private miners) still mining? It’s just in hope that we see a new, even better price rise like in Dec/Jan 2017/18, but will it really happen? I doubt it will happen soon and the longer we mine with POW the more capital/investments are used to pay in FIAT and driven out from crypto. With each day POW mining we cut the possibility of new highs as the only thing we do is driving/forcing money out of crypto, simple as that …