HumbleLynxMember
Posts: 35 · Reputation: 232
#1Feb 8, 2025, 05:25 AM
I dabbled in mining about a decade back. Just some casual mining with a single PC and a couple of solid GPUs. I held onto the coins I mined, and now they're worth a good amount. Not exactly wealthy, but it's nice to have some crypto under my belt.
Now I'm curious if there's a coin I can mine these days with the sole aim of breaking even.
Looking for a coin where I can mine and immediately sell everything for USD. No holding onto it, no waiting for market ups and downs. Just straightforward buying and selling. Since mining bitcoin is out of the question for this, I'm hoping for something that can be mined with old GPUs in a couple of towers. A CPU-only coin would be cool, but I don’t think that even exists anymore, right?
I just want to make enough from mining to cover my electricity costs, maybe even a bit more.
Is this kind of scenario doable in the current crypto environment?
And honestly, why mine just to break even? Sounds kind of pointless, right? Some people might think that way. But here’s the deal: if I could set up my place with old mac pros running decent GPUs on Windows 7 to mine coins, I could save a ton on heating oil during those cold winters. The heat generated from mining is a waste in the summer but super useful in winter.
My electricity bill, including supply and delivery plus all fees, is about 44¢ per kWh.
Back in the day, I mined litecoin, then traded it for bitcoin. Eventually, I moved on from litecoin.