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[Jizz_Beard_thePirate]

Marth said:

Captain_Yuri said:

Nah, I can achieve the minimum payout from Nicehash within a week with a 3080 which is about $45-$50 USD. What that means is, in order for you to transfer the money you made from Nicehash to your local digital wallet, you need to mine the minimum payout amount.

The key thing here is, you aren't making $45-$50 USD in a week. You are making $45-$50 worth of BTC in a week. So if the Value of BTC goes up, the $45-$50 you earned will also go up and vice versa. During the Crypto boom, the value of BTC went from $10,000 USD to over $60,000 USD. So if you mined $100 worth of BTC when it was $10,000, it would have been $600 during peak.

So the idea is, you mine now while the government restrictions are viable (depending on region) and mining is viable and cash out when crypto reaches it's peak. But you can also cash out whenever as long as you reach the minimum payout amount.

So I expect the power prices in Canada are quite low? Those do eat into those profits and pretty much make mining in Germany a fool's errand

Yea it's pretty low. My power bill went up by $20 a month after mining.