Is CPU Mining really worth it?
Hello fellow steemers, for the past month I have been researching on the best mining rig to build, and as I have come up with a build in mind I have ended up on the nicehash site. On the website I saw a profitability calculator. I then found out that CPU's are also listed in the choices which you can see if it would be profitable to mine with it. The best one I have found was the AMD CPU Ryzen 7 1700X @ 4.00GHz which costs at $400 and has a 0.61 KH/s for Cryptonight.
I then calculated the profitability with $0.12 / kWh here are the results:
To summarize it
Profit per day: +0.75 USD
Profit per 30 days: +26.74 USD
Profit yearly: +325.38 USD
Approximate ROI: 449 Days
Will it be really worth it to get these CPU for mining? or will it be profitable if I use it on to mine Gridcoin using BOINC?
Thank You, Upvote, Comment and Resteem. Keep on Steeming!
Image Sources:
https://www.primeabgb.com
https://www.nicehash.com/?p=calc