Fall in the cost of Ethereum brought down miners’ revenues – GeForce RTX 3080 pays off in 14 months
June was one of the most unsuccessful months for mining. If you carefully study the income of miners, it turns out that even in 2020 it was possible to get more profit. The main reason is the high complexity, which, despite a slight decrease, still does not allow you to get the super profits observed in May. Since we do not yet have exact figures, it is time to study how long miners can recoup investments, taking into account the averages at the moment. We do not take into account the cheaper cryptocurrency or its growth, since these data cannot predict even the most advanced Wall Street analysts.
As usual, we are interested in GeForce RTX 3080. As you can see, a full farm of 8 video cards gives us $ 43.98 a day. This is $1,320 a month for a farm, or only $165 on one such video card in 30 days. The most inexpensive (can it be called inexpensive?) Version of MSI production costs $2,380.00. It is easy to calculate that you will be able to return the cost of buying such a video card no earlier than 14 months. Perhaps this may seem like a great investment to someone, but in reality you need to take into account that Hardfork EIP-1559 is ahead, which at the beginning of next month will reduce commissions to miners. This means that the prospects are very incomprehensible.
GeForce RTX 3070 starts from $1,699, which is 681 cheaper than the more expensive video card. Let’s figure out if it might be more profitable to extract Ether with it. As you can see, 8 such video cards give out $27.60 per month per day or $828 per month. Thus, only one such video card generates only $103 per month. If you try to calculate the payback time GeForce RTX 3070, then it turns out that it is able to return costs to its owner for the same 14 months.
price of ethereum
It seems that the sellers took the calculator and carefully calculated everything before putting prices on video cards. 14 months is a very long time for a farm of video cards, the profitability of which relies on tweets by Elon Mask and the Keats’ own wishes. Well, given the closest changes in the cryptocurrency itself, at the moment, investing in a video card for the purpose of earnings seems to be a real miscalculation. Just think, Chinese miners have already begun to sell video cards cheaper than the recommended price. Perhaps after the semiconductor crisis comes to an end and mining becomes unprofitable, you will also have to hand over your RTX 3080 GeForce for $ 200.
Share your opinion in the comments. In such a difficult time, you need to stay calm and stay updated on the latest news in the crypto industry. Read our news articles. We publish only high-quality, interesting material. Thanks for attention. Good luck!
