GPU Mining Calculating Profitability of 6 RTX 2080 TI

Calculating Profitability of 6 RTX 2080 TI
Q&A — Sebastian Green, founder & developer of Swap (XWP).
gtx 1660 gddr5 vs gtx 1660 ti gddr6
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Calculating Profitability of 6 RTX 2080 TI

Posted: 09 Jun 2019 07:58 AM PDT

I'm thinking of starting GPU mining with a setup of 6 RTX 2080 TI cards. Whattomine estimates I could make around $317 of profit per month at my current electricity cost. I'm looking to estimate the future profits and to have a guess at when the break even point is going to be. The whole setup will cost about $8,500, more or less.

I figured just multiplying $317 by 36 months is not good 😂 To be able estimate how much profitability I'll be losing per month in the next 3 years I looked at Whattomine's estimates for for a setup with 6 GTX 1080 which is now 3 years old and is estimated to make $164 per month.

To get from $317 to $164 over a period of 3 years I assumed a gradual decline with just over 1.8% per month (I can share an excel if anyone is interested). According to this calculation I'll break even in exactly 3 years – total profit of $8,600 that will just about cover the cost of the hardware 🙄

My question is: First of all, am I doing something completely wrong? What do you think of the way I calculate this and the assumptions I've made? Does this sound realistic from your experience? And finally, if the break even is in three years is it worth it – I mean you can still make some profit in years 4 and maybe 5, but will the hardware even last that long?

I realise that if there's another bull run and prices go up then the profitability will go up as well and change the picture substantially. I certainly hope so, but I intentionally left this out, because if I'm only counting on prices going up then I'm better off just buying the coins. I don't know if that makes sense.

submitted by /u/colonelSandor
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Q&A — Sebastian Green, founder & developer of Swap (XWP).

Posted: 08 Jun 2019 02:54 PM PDT