> Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule.
The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means that depending on where you live, you'll be making a profit or a loss of -6¢ to +10¢ per day.
So yeah, this thing can be profitable. But the capital cost required to buy the M1 in the first place is going to be really hard to pay off.
> Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule.
The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means that depending on where you live, you'll be making a profit or a loss of -6¢ to +10¢ per day.
So yeah, this thing can be profitable. But the capital cost required to buy the M1 in the first place is going to be really hard to pay off.