A comparison of buying a Goldshell Mini Doge III today and mining for 6 months vice investing cost of miner and electricity costs for 6 months. I was trying to decide about buying the miner today at its current cost and HODL the coins until prices went up. I did some simple math ( see below) to estimate my profit. I used F2Pool calculator to estimate DOGE, LTC, and electricity costs. I then did some math on what if I invested the $ into Doge directly. I know there are a lot of assumptions below like cost of electricity and prices of DOGE & LTC in 6 months. I was very surprised by numbers.

Goldshell Mini Doge III Cost $759

Hashrate 700 MH/S      Power: 400 W      Electricity Costs: $0.12 kW/h

Output Estimates:    Doge: 8.13      LTC: 0.002269

Current Prices – 6 Sep 2024     Doge: $0.097 LTC: $65.45

Electricity Costs / day: $1.15

Net Profit -$.21 per day

Now if prices rise Doge: $0.36 LTC: $125 in 6 months and HODL all coins mined

Gross $3.21

Net $2.06

180 days * 2.06 = $ 370.80

Overall Net = $370.80 + $350 Miner hardware

Now if we invest vice buying

Invest $350 into Doge = 350 / 0.097 = 3608

Gain = (3608 * .36) – 350 = $1298.88 – 350 = $948.88

Overall Net = $948.88 + $350 initial investment

If we also invest electricity cost into coins

Electricity costs = $1.15 / 0.097 = 11.8

180 days later = 11.8 * 180 = 2124

Value = 2124 * 0.36 = $765.36

next we subtract Electricity costs for even comparison

Net = $765.36 – (180*1.15) = $765.36 - $207 = $558.36

Overall Net = ($948.88 + 558.36) + $350 = $1507.24 + $350 initial Investment

I was shocked at the numbers. Please comment below if you think I am missing something or have made a calculation mistake

F2Pool Calcutaor:  https://www.f2pool.com/calculator?miner_id=261197&currency=ltc

Goldshell:  https://www.goldshell.com/minidogeiii/