I looked into the solar idea. It's fun in theory but it makes the setup way more expensive and over doubles the payback time for the GPUs alone.

My 3090 is generating about $11 a day in Etherium over the last week and only costing about 50c a day in electricity. So if you set up solar your'e only saving about $15 a month.

It's a good idea if you're already going to be running your home on solar, but not something you can do just for crypto without seriously eating into your profits.

The solar setup would last a very long time without batteries. You would likely have died or replaced your GPUs or ASICs many times before major rework is needed on solar. Your absolutely right for startup costs though, it's a long game move

It seems like it's really not economical if you have a small-scale operation. One thing you're not incorporating is the depreciation of your hardware.

Like the video card & other things become degraded so that's something you have to subtract from your p/l. If the 3090 which lets say is worth 2800 (current market value) declines 33% in value over a year (don't think that's unrealistic, don't feel like doing research) then you'd be losing another grand over the year or close to like 70-80 bucks monthly.

This post was edited by ofthevoid on Apr 6 2021 12:15pm

As long as prices stay high, then it will pay itself off in about 280 days. More than enough time to generate a healthy profit from the initial investment.

The only real risk to mining is if there's another big price dip that leaves you holding the bag for years on end.

When $2800

$2900 - when $3000?

$3000 now.

damn it actually broke that 6k eth sell wall grats broseth.
looked a few hours ago and didnt think it'd happen before tuesday

glad I did the transition yesterday, now 53% my wallet is eth

$3100!