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With how loosely I was rounding, it doesn't make much difference because the amount of electricity is still small compared to the initial cost.
If I net the electricity cost first, then it's recouped more like 3% of the initial cost.
That's not quite fair though, because it's been heating our basement which was useful heading into winter.
It’s definitely an involved process to truly evaluate the ROI. I’m sure I’m spending a lot more on electricity but I’ve also got quite a few sats earned now. Certainly not profitable though
The other thing is that eventually the sats earned will be worth more than the fiat spent, but the real comparison is whether you have more sats than if you had just bought bitcoin (net the heating savings).
Yea, I’ve definitely seen the fiat value in my mining stack grow a lot. Probably not outpacing if I had just bought corn though
Are you factoring in the cost of electricity, or just the purchase price of the device?