There are a lot of people who are curious about mining these days, so I will share my experience with you.
First of all, I bought several miners by selling all my coins last year when each bitcoin was 81.5 million won.
The reason is that the coin market is overheated and mining has become a national key industry adopted by many countries, so I think it was a good investment.
I mine Ethereum.
The reason is that it has the best value for money.
I can mine all other coins with my miner, but since the cost-effectiveness is low, it is better to mine and sell Ethereum and buy other coins.
Let's get to the main point.
Mining machine price = 20,000 won per hour, expected monthly profit = 737 won per hour
I run a 1031 hash mining machine worth a total of 24.41 million won and mine 1.8 million won worth of Ethereum per month.
Here, the electricity bill is 250,000 won per month and the monthly rent including the management fee is 270,000 won, so the total fixed expenditure is 520,000 won.
The deposit at the mining site is 3 million won, and I initially bought the mining machine when it was more expensive than the current market price, so I set it to 25.8 million won.
Therefore, the total investment is 28.8 million won, and the net profit is about 1.28 million won.
That's a 4.4% monthly rate of return and a 52.8% annual rate of return.
If the value of monthly mined Ether is lower than the total maintenance cost of 520,000 won per month, we will stop mining.
If the ether price improves again, the miner price will rise and the ether price will also rise, otherwise it will go the other way around.
We came in because we decided that it would be difficult for the monthly mined Ether value to go below 520,000 won.
Mining is also an investment with one risk, so please use your judgment carefully :)
