Is there a way to mine just to break even?

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#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.
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just_bossFull Member
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#2Feb 8, 2025, 06:07 AM
44c/kWh is that a typo? I mean that is horribly expensive even by EU prices. Doing anything at that rate is pretty much out of the question IMHO.
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#3Feb 10, 2025, 10:20 AM
Well it's possible i was interpreting my bill wrong, maybe some of the charges were flat fees that were listed as if they were by the kwh. I'll look at a few other bills and see.
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just_bossFull Member
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#4Feb 10, 2025, 02:40 PM
It could very well be 44c depending on the plan and place you are. Still it is a horrible price, you will need 1/10 of that to make mining viable.
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darkguruHero Member
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#5Feb 10, 2025, 05:18 PM
Bitcoin cannot be mined using CPU/GPU's. Once ASIC's showed up in 2014 diff has risen far too high to even think of using CPU/GPU's and now only a few altcoins can be mined using them. That said, this area is for BTC only - no alts allowed here so please move this thread to the alts area where it belongs. If ya don't the mods will move it for you.
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hodler2019Legendary
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#6Feb 10, 2025, 10:38 PM
You know you can not directly mine BTC with a pc's cpu or gpu's here are topics for you https://bitcointalk.org/index.php?topic=5495024.0 https://bitcointalk.org/index.php?topic=5494310.0
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