Long-term mining results, was it worth it?

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8 Jan 2024

If you have followed me for some time you have seen that I recently started Kaspa mining with a pair of ASICs. But before that, I was doing some GPU mining. And I thought I would share some of the results with you.

What did I mine?

After the merge happened and Ethereum went the way of the Dodo. I was looking for what to mine next. And up popped Ergo as a new hotness in a very cold bear market. So I put my GPUs to use mining Ergo. But as often is the case when the going gets tough, people turn to innovation to try and make the times a little better. And that’s when we first got what is known as Duo Mining, or the ability to mine two coins at the same time. This allows you to make better use of all of your GPU, because some algorithms make heavy use of the GPU’s core processor, and others rely more heavily on the memory of the GPU.
I then added Alephium to the Ergo I was mining, thinking little of it as it was simply adding a few cents to my daily earnings. As Ergo was the main price and what I was looking to build a bag of.

Letting time do its thing

I mined for a few months but eventually, prices dropped and Ergo ended up shitting the bed with some decisions that more or less made it not so interesting to mine. At least for some time. Having checked I got my last deposit back on 2022–06–22, thts when I pulled the plug so to say on duomining. Ergo I mined for a bit longer, I mined it on and off up until 2023–02–02. I then did not really think much of it and I let both the Ergo and Alephium sit in their respective wallets.
As neither of them was anything to write home about. They cost me a little more than their worth at the time. But that’s mining. But I saw it as gaining an experience. It was not until the fall of last year I revisited them both. I then swapped what little Ergo I had and it, like most crypto, had lost some value. Not thinking much of it I simply said c’est la vie and moved on.
But as December was going by day by day, my friend asked me about a new crypto for him, Alephium. I told him what I…

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Written by Daniel Jensen

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Coinmonks
I am a patchy reader and writer of words. I normally write about Crypto, technology and a little gaming. But anything that sparks my interest can show up.