How to Monitor Power Consumption when Mining

in mining •  6 years ago 

Mining is a function of mathematics in many ways than one. While your mining rig helps to squash hash-generating mathematics, it, in turn, generates the need for another kind of calculation: measuring your rig’s power consumption.

Most miners cringe when they finally get to count the costs of powering their rigs, after skimping on this side of the equation all along. Electricity is often times a miner’s third-biggest expense, ranking after computer components and rent costs. As a miner, you’re looking to run a profitable business. You don’t want to miscalculate your profit margin or even taxes by not properly accounting for your mining rig’s power consumption. But there’s no point in getting jittery over it. It’s easy to measure and minimize your rig’s power consumption.

Read the full Guide:
https://www.tokens24.com/cryptopedia/mining/monitor-power-consumption-mining

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