# Mining Experiment

## January 11, 2018 by Addison Huddy

Back in July 2017, when I bought my latest desktop, I figured I had enough GPU power to possibly make some money mining cryptocurrencies. With a little MSI GTX 1060, could I actually make money while my machine is just sitting “idle”.

## Results

projected stats via nanopool as of 12/30/17

Period ETH BTC USD
Minute 0.00000 0.000000 0.001
Hour 0.00011 0.000006 0.081
Day 0.00280 0.000152 1.948
Week 0.01966 0.001067 13.638
Month 0.08426 0.004574 58.450

I found that my actual results were near identical to these projections.

Date Total ETH 24hr Difference
12/31/17 0.072749
01/01/18 0.075259 0.002510
01/02/18 0.077399 0.002140

## Conclusions

At the current difficuly and price, mining ETH is definitly profitable.

via etherscan

However, as the price of ETH increases, the difficulty has gone up in proportionally.

It is unlikely that with my little box, this endeavor will remain profitable. So if the goal is to speculate on the price of ETH, just buy it.