I recently invested in a mining rig to mine Ethereum as it’s not very conducive to mine Bitcoins at home due to the noise that the rig produces.
The purpose of this case study is to determine whether mining is still profitable or not.
I will be doing a monthly update on my progress.
Here are the specifications of my mining rig and the amount of money invested:
Rig Type: RX580 x 6
Estimated Power Consumption: 1250 W
Expected Hashrate: 160 – 180 MH/s
Power Cost: SGD $202 / mth
Total Amount of Money Invested: SGD $5000
Start Date & Time: 12 March 2018 / 8.50 pm
1st update: 12 Apr 2018