CCryptocurrency

Is Running a PC with NiceHash Worth it in 2022?

I ran NiceHash for a little over a month to see what running a Crypto Miner is really like in the current crypto climate. Running a miner is cost/benefit analysis to determine if it’s a speculative investment (electricity cost higher than BTC earned) or passive income (electricity cost lower than BTC earned). As seen above NiceHash pays and they pay on time as long as your miner is up and running.

I ran NiceHash for a little over a month to see what running a Crypto Miner is really like in the current crypto climate. Running a miner is cost/benefit analysis to determine if it’s a speculative investment (electricity cost higher than BTC earned) or passive income (electricity cost lower than BTC earned). As seen above NiceHash pays and they pay on time as long as your miner is up and running. People are suspicious of NiceHash because of the 2017 hack and the 3 years it took to return funds and issues with the founder from almost a decade ago. From what I can tell they have righted the ship and have gone legit. Then you can take that earned BTC and either take profit right away or if you have some risk tolerance lend that BTC out to Blockfi and/or Celsius and earn up to 6.5% on the BTC (as of 12/26/21).

Data From the Month:

BTC earned: 0.00152273 ($77.76)

CPU model: AMD Ryzen 7 5800X

GPU model: AMD Radeon RX 6700 XT

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I started Stoked Wallet in 2021 to spread financial education.

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CCryptocurrency

Helium Miners Exceeding $900 On Aftermarket: Is It Worth It?

Helium is not the average cryptocurrency which uses a PoW or PoS consensus, but instead Proof of Coverage. The miner is actually a hotspot that provides network bandwidth within a ten or twenty mile radius. The Helium block explorer shaves these circles of influence into tidy hexagons to see if having too many neighbors with Helium Miners will reduce your profitability. The average miner can expect to earn between $10 and $30 dollars a month.