Mining profitability these days

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New mining rig

At the current prices of Bitcoin, Ethereum, Monero, etc... I was wondering if it was profitable again to buy some mining equipment, and if so, how profitable.

At a Belgium based mining equipment shop I can buy a combined Ethereum and Monero miner for around 2170 EUR. For that I get a 13000 H/s CPU miner for Monero and two GPU's mining 110 mh/s for Ethereum.
I filled in those specs on Cryptocompare, and the conclusion was quite interesting.
At current prices, I would recupe my investment in the mining rig in just about a year.
Of course that is at current prices, and at current difficulties. But those two factors are always a question mark in the future. Although it is fair to say that difficulty will rise in the future. But so can prices.

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Maybe it is not such a bad idea to make this investment. I will not be ruined by it, and in the long run, I think both Ethereum and Monero are a great investment. And if prices drop, I will probably keep on mining... So, why not?

Any ideas?

Sincerely,

Pele23



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3 comments
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Ethereum will be moving away from proof of work (mining) to proof of stake. Would it be better to invest in staking instead? there is no equipment to purchase upfront.

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