You are viewing a single comment's thread from:

RE: Is mining still profitable?

in LeoFinance5 years ago

PC'S that can mine are relatively expensive in Nigeria. Electricity too is expensive especially if you're using prepaid. All in all I think there are many reasons why a lot of people would rather not mine even if it can be lucrative with the right conditions

Posted Using LeoFinance Beta

Sort:  

That's exactly what you say, the conditions have to be optimal to get any profits, and for most of us they are not. PC's are expensive here too, and I don't have a bad PC right now, but to mine I really would need to upgrade it quite a bit. And to spend 2000 euro for a graphic card, that would mean that I would need to mine for at least one year to earn back that investment. And only when the electricity costs would stay the same, and the mining rewards would stay the same ...

So I just forgot about mining when I saw this calculations. And search for other ways.

Posted Using LeoFinance Beta