Chapter 11
Running the Numbers: Is it Worth It?
IN THIS CHAPTER
Understanding the factors that determine profitability
Learning about cryptocurrency mining reward calculations
Estimating your mining equipment capabilities
Creating a return on investment estimate
Crafting a personalized cost benefit analysis
The best way to avoid bad investments into the cryptocurrency mining industry is to do your homework and research before putting any considerable amount of funding into cloud mining services, personal mining hardware, or hash rate market places. You really need to understand the numbers, so you can see whether you’re likely to be able to make money.
In this chapter, we walk through the various aspects of cryptocurrency mining equipment and deployment benchmarks that can help you figure out whether your planned arrangements will lead to mining profitability.
Factors That Determine Mining Profitability
There are various factors to consider when calculating the rate of return on ...
Get Cryptocurrency Mining For Dummies now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.