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Topic: 102.5 MHash/s - mining worthwhile? (Read 1353 times)

hero member
Activity: 560
Merit: 500
February 05, 2012, 05:49:15 AM
#11
I guess solo mining is out of the question but I'm curious if its still worthwhile to mine in a pool?

Not really, unless electricity is free for you.
newbie
Activity: 11
Merit: 0
February 04, 2012, 11:44:42 AM
#10
Or if you're a graphic designer with a nice new mac pro at work which you "accidentally" leave running with Diablo Miner in the background overnight and on the weekends. Only a few Bit cents a day but I'm not paying for shit, so... pure profit lolz...
newbie
Activity: 51
Merit: 0
February 03, 2012, 05:06:36 PM
#9
Also depends where you believe the bitcoin conversion rate is going to go Tongue
donator
Activity: 1218
Merit: 1015
February 03, 2012, 12:28:43 PM
#8
When it is cold outside, a portion of the electric cost can be written off as supplement heating.
Very true. 1k sq. feet OVER-heated by 7 5850s running undervolted. It's below freezing outside and I actually open the windows every few hours.  Cheesy
full member
Activity: 153
Merit: 100
February 03, 2012, 12:10:59 PM
#7
id try and find a cheap ATI card on ebay, find the best settings from various threads on the forum and start properly.
newbie
Activity: 16
Merit: 1
February 03, 2012, 10:35:39 AM
#6
When it is cold outside, a portion of the electric cost can be written off as supplement heating.
donator
Activity: 1218
Merit: 1015
February 02, 2012, 06:12:46 PM
#5
Depends on the power draw and how much you pay for electricity. If it's a Nvidia card, I can answer pretty quickly: no.

So I'd need to figure out the KWH of my computer and how much I pay per kw?
Only if you want to know whether or not you'll even be making a profit doing it.  Tongue Given the low hash rate, assuming it's an ATI card, and assuming your entire computer consumes... Idunno... roughly 250W - you'd need to be paying ~$.07/kWh (after fees/taxes - not "price to compare") or less for it to be profitable. Very unlikely this is worth your time.
newbie
Activity: 22
Merit: 0
February 02, 2012, 06:06:17 PM
#4
Depends on the power draw and how much you pay for electricity. If it's a Nvidia card, I can answer pretty quickly: no.

Going to be a very low payout, right now. Truth is, while the value of BitCoin is so low if you're paying for power it's very hard to make a good income.

Two things I can recommend:

1) I built a small solar farm to power my two miners (the solar panels cost more than the miners themselves, but here is Australia electricity is actually a bigger cost than the actual hardware). That brings the break even point back by about 6 months

2) Look into time based metering of power. Some electricity providers will install a smart meter which then records how much power is used when and gives you a much cheaper rate between say midnight and 6 am, sometimes a tenth the rate. Mine then!

My instinct, though, is that 100 Mhash is going to earn about 1 bitcoin every, what, 4-6 days? The return is almost negligable unless there is something specific you want to buy with BTC, at which point mining is cheaper than buying BTC every day of the week.

Hope that helps!
donator
Activity: 1218
Merit: 1015
February 02, 2012, 05:49:07 PM
#3
Depends on the power draw and how much you pay for electricity. If it's a Nvidia card, I can answer pretty quickly: no.
donator
Activity: 1218
Merit: 1079
Gerald Davis
member
Activity: 98
Merit: 10
February 02, 2012, 05:42:10 PM
#1
I guess solo mining is out of the question but I'm curious if its still worthwhile to mine in a pool?
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