I've probably wasted a day of my life research crypto mining hardware, it's costs, throughput and capabilities.
A decent calculator is available online;
https://www.cryptocompare.com/mining/calculator/dash?HashingPower=22&HashingUnit=GH%2Fs&PowerConsumption=81&CostPerkWh=.082There are MANY problems with getting into mining, and I mean real mining that produces > $100USD monthly. Not spending $0.25 of electricity so you iPad poops out $0.05 in crypto.
1) purpose built miners, of all types (CPU, GPU, ASIC) are sold out every where
2) Entry level units with moderate throughput and efficiency cost $1000-1500 and often will pay for themselves within 9 months given present valuations
3) More expensive units are much more efficient (output vs consumed watts), but take a few years to break even in some cases
4) certain blockchain algorithms demand more exotic hardware (CPUs are cheaper and more common than GPUs)
5) some processor architectures benefit from a 220VAC power supply for peak efficiency
Based on all that, I feel DSH is perhaps the smartest kid in summer school here.
But even if I could find a Miner for sale on amazon, I'm not confident the valuation would not decrease before the miner paid for itself.
You also have the broader problem of paying yourself in the thing you're producing. If you grow tons of tomatoes, you probably need to convert some to cash to pay the rent.
Great, you mined 5 coins!
Do you exit into USD, preserving the bulk of the value (ignore inflation for now), but exposing yourself to capital gains taxes?
What's the point of tooling up to "beat the house" if all you can ever do with your winnings is place larger bets?
I've heard mining compared to being a land lord, where the property owner starts with a single unit, saves profits, invests in a second unit, etc.
Soon the property owner is buying whole apartment complexes, has a good CPA and does crafty, but legal, tricks to leverage tax rules.
While the re-investment portion may be possible with crypto, there needs to be some smart business acumen to bridge back to the fiat/gov world.
Anyone who's followed Robert Kiyosaki, will know what I mean.
