1

Currently 2015 mid-October, how can I get the NEW hardware to actually make profit, after paying the electricity bill, ventilation, the cooling and all the extra cost? I'm not aiming for $100 per day, but just anything above 3 Dollars per day will be fine. I've use the calculator websites to check the available chips in the market and after I input the hash rate and the Watt and the electricity cost, (which I happen to have for only 10 cents not 15), I still can't make profit. am I doing something wrong or it's really getting impossible to make money out of mining now. thanks for any help..

closed as off-topic by Greg Hewgill, Anonymous, Nate Eldredge, Dr.Haribo, Nick ODell Oct 11 '15 at 19:07

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  • "Questions on current market values, energy costs or service provider availability are off-topic as the answers are changing too frequently to be useful to others." – Greg Hewgill, Anonymous, Nate Eldredge, Dr.Haribo, Nick ODell
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2

No, you're not doing anything wrong. If it was easy to make a profit, everyone would do it, raising the difficulty, and bringing the profit to zero. Only those with the lowest cost of electricity, the lowest cost of capital, and who can get the best deals on high-end ASIC miners can make a profit. And even then, only by taking the risk that the difficulty or price will not change in ways they didn't expect.

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