I Made $3,762 Mining Ethereum

Here’s How I Did It

I made $3,762 mining Ethereum.

Ethereum is the world’s second largest cryptocurrency by market cap. The largest is Bitcoin. I own some of both but I mine Ethereum at home. In 2020, I built an Ethereum mining rig for less than $1,000. You can read the original post I wrote about that cryptocurrency mining rig here.

Since I started mining ETH, I’ve been making about $400 per month. That amount fluctuates wildly as it’s dependent upon the price of Ethereum.

$1,400 Upstart Cost

I started with less than $1,000 to get the rig up and running in October of 2020. For about $978, I started mining Ethereum with two graphics cards. Soon after, I added two more graphics cards to the rig for roughly $400, putting my total all-in upstart costs to about $1,400.

I’m paying my electric costs out of pocket but they’re negligible. Your ongoing costs will vary depending on your utility situation but electric costs can play a bigger role in a larger crypto mining setup.

$2,362 Profit

In simple math, I’ve made about $2,362 profit mining Ethereum. I’m currently holding all of the ETH that I’ve…