Cryptocurrency Mining

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    Is Cryptocurrency Mining Profitable?

    Cryptocurrency mining can fetch you a small yet reasonable income of one or two dollars every day. Cryptocurrencies such as Litecoin, Monero, Zcash and Dash are easily accessible for regular miners and a person can recover the initial investments in just about 18 to 24 months. But if you are looking for a substantial profit of $50 per day or more, you will have to invest around $3000-$5000 in advanced mining hardware.

    Profit generation is possible only if the electricity cost is kept within the reasonable limit of $0.11 per kilowatt-hour. GPU mining can cost you around $8.00 to $10.00 on a daily basis (this also depends on the cryptocurrency that you have opted for), which comes close to $250-$300 every month.

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