March 24, 2023 - BTC miner on a Gaming PC? Is it worth the .30 cent?
I'm an investor with over 20 years of experience.
I have done the following types of investments:
- Stocks & Bonds.
- Options Trading/Hedging.
- Real Estate (SFH Rentals).
- Collectible (Beanie Baby, Pokemon Cards, etc.).
I still love Options Trading, BTC/ETH and NFT gaming. People always wonder if mining BTC using a PC can be done. The answer is yes, it can still be done, but it is not as easy as last year. Ether moved from PoW to PoS has reduced one of the most profitable coins to mine. So while mining is still possible, is it profitable?
That all depends on your cost of mining. You can be mining on a Gaming PC (or Gaming LAPTOP). There is the cost of the machine, the cost of energy and the "wear and tear" on that machine. I can make between $.30 - $0.60 per day.
Next, you need to consider not the VALUE today by the coin's FUTURE value. You are mining "digital gold" that sits on a shelf. You are not mining FIAT like USD, which will lose its value over time. BTC or Ether generally increases in value, like an old STAMP or a collectible CAR in your garage. If you think BTC will be worth $100K next year, you can believe that your 30 cents today in mining is worth over $1/day.
Early miners from 2011-2020 obviously will have a much different opinion from someone starting today. It might not be worth the capital to mine today. However, if you have a gaming machine, all you need to do is cover the cost of electricity. This is the reason why I still mine on my Gaming PC. The 0.30 cents I earn today will be $3.00 daily if BTC trades at $280,000 (10X). Mining BTC is a DCA (Dollar Cost Averaging) method. It requires you to do this for multi-years since earnings are minimal.
I like to make my withdrawals at .0015 BTC each time. Once the BTC is in my wallet, you control what you want to do with it. I have used my BTC/ETH to purchase Splinterlands Assets.
