Is bitcoin mining still worth it after the halving?

[philipma1957]

Small scale mining is very very very very very hard to profit.

The best btc miner is the s21xp 270th at 3.5 kwatts

So 270×0.043= 11.61 usd earnings

3.5x24= 84 kwatts burned in a day or $8.40?at 10 cent power cost

That is about $3.21 daily profit or 2400 days to break even with 10 cents power.

With 5 cent power it costs $4.20 so

11.61-4.2= 7.21 or just about 1000 days to break even.

But usa you can write off the 7200 that the machine cost. That saves about 2400 in tax.

So 7200-2400= 4800 cost so you pay off in about 1500 days at 10 cent power and in about 650 days with 5 cent power.

That is with current price of 84k

If you have money for power and hold the coins and coins go up you get out faster.

[God Of Thunder]

So 7200-2400= 4800 cost so you pay off in about 1500 days at 10 cent power and in about 650 days with 5 cent power.

Electricity is more expensive than 10 cents in my country, and I guess the price is similar in asian countries. Probably there are some exceptions. 1500 days are too long to be honest. So if someone continues to mine, they probably do it out of their passion. Still, thousands of people are miners and continue to mine.

If I could move in a country where the electricity is cheaper than my country and has no restrictions on Mining, I would start mining