Price of mining depends on how many players are mining in time. So here is example of average prices from today. As you can see mining gold and platinum is very cheap. You can mine gold for $10 costs per gram and you can sell for $40.
Average today mining prices
Here you can see example what raw materials you need to mine gold. These materials you can buy on open market or you can open own company which produce these materials:
Do you want to rent some mining company? What amount do you need to invest?
So for rent mining company you will pay from $5 to $15 per month:
It is not all of course. You must buy tools for $5 then factory for $5 and if you want more workplaces, it means you can produce faster then it costs $3 per new workplace. And you must buy input materials and you must pay salary to employees (other players).
So goldmine first investment will be:
Renting for 3 months … $30
Tools for mine max 10 gr of gold … 5$
Factory (You will get one free workplace with factory)… 5$
Each addition workplace (optional) … $3
Input materials (depends on market prices)
Salary for one workplace is from $0.1 to $0.3 in current market conditions
In basic case you will need $50 for start.
Is it profitable?
Yes it is. Check details below:
So if you pay for 3 months gold mine about 50 dollars. And with 5 workplaces it is $62. You can mine with 5 workplaces 1 gram of gold in 7 days in average in current market conditions. This 1 gram will cost to produce $10, you can sell it for world price $40. It is profit $30 per week. So in 15 days you earn for all costs and other 2 and half months all is going to your pocket. 10 weeks can be 10*$30 profit = $300 to your hands. Imagine you can rent more workplaces …
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