Hello people. I am think GPU mining could be a fun hobby to start, but i live in Denmark and the electricity costs 0.5 usd / kWh. Is there any way to make profit in Denmark on mining, or is it a lost cause? I have tried different profit calculaters, and they all give different resulsts, so i do not know which sites to trust.
.5 usd/kwh is really tough. It would make more sense to buy hardware and have it hosted somewhere where the cost is much lower. Unless you can use the excess heat generated to offset the cost, it probably would not be worth it.