How to start mining the first cryptocurrency, taking into account all the costs of electricity, equipment maintenance, premises rental and security. Why halving BTC practically did not affect the business of miners, and is it worth getting involved with the mining of altcoins
Mining income is almost impossible to predict - it depends on too many variables: cryptocurrency price, block reward, block time, network hashrate (capacity), its complexity, electricity cost, cost and capacity of mining equipment, farm maintenance costs, etc.
The cheaper the electricity, the higher the profit. The cost of electricity depends on the region and equipment. For example, in Russia - from 1 to 8 rubles per 1 kWh ($ 0.01–0.1), on average 3.5 rubles / kWh, in the world - from $ 0.02 to $ 0.30. The average farm for 8 graphics cards costs about $ 100 per month. In addition to the electricity bill, large farms also require setup, rental, personnel, cooling and maintenance costs.
According to BitCluster's calculations, electricity accounts for at least 85% of all miner's expenses, maintenance, depreciation, rent, etc. - 15%. At the same time, economies of scale work - per 100 devices and per 1,000 comparable security and rental costs. For example, according to BitCluster's calculations, renting, guarding and maintaining a farm with 3 containers for 192 devices each will cost about 320,000 rubles.
The cost of a farm, twice as much, may remain the same or slightly exceed 400,000 rubles.