1TH miners on Ebay going for $2500?!?! - page 2.

gallery2000

hero member

Activity: 784

Merit: 1000

Live Stars - Adult Streaming Platform

Quote from: Und3rd0g on April 27, 2014, 06:42:50 PM

Has the market for 1TH miners been over-saturated by easy to ship/inexpensive Chinese miners hitting the market (before late coming pre-orders have been fulfilled)? Is the opportunity for home based mining over? Have the electricity cost requirements finally made home based mining unprofitable and/or undoable (undoable based on electricity requirements)? Thoughts?

It does not make any differences whether the miners were shipped to the USA or China. If the miners are mining, then the difficulty will go up, thus making mining unprofitable.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: Und3rd0g on April 27, 2014, 08:41:04 PM

Quote from: xstr8guy on April 27, 2014, 08:34:10 PM

$210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. Cheesy

I am running 2+THs. I had a simple question for the masses. What is your point?

If you're mining with 2THs you wouldn't be worried about a $200 electric bill. You should be easily covering your costs after a few days of mining. And if your electric bills are only $200 per month then you must have some really cheap hydro or geothermal power in your region.

My electric bills the past few months have been over $700 while mining with 3THs although some of that was first gen, power hungry gear and I work at home and have other computers running all day. I just added 3THs in past week and am dreading the next electric bill.

dlasher

sr. member

Activity: 467

Merit: 250

$/GH at present diff is insanity for almost everything currently for sale.... not worth it..

Und3rd0g

full member

Activity: 231

Merit: 100

Quote from: xstr8guy on April 27, 2014, 08:34:10 PM

$210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. Cheesy

I am running 2+THs. I had a simple question for the masses. What is your point?

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: Und3rd0g on April 27, 2014, 06:59:18 PM

Quote from: solarion on April 27, 2014, 06:46:13 PM

Kinda depends on your electricity costs.

I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience.

$210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. Cheesy

Unacceptable

legendary

Activity: 2212

Merit: 1001

Quote from: Und3rd0g on April 27, 2014, 06:59:18 PM

Quote from: solarion on April 27, 2014, 06:46:13 PM

Kinda depends on your electricity costs.

I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience.

At least for BTC mining...........thanks ASICminer,Megabigpower,KNC & others for your continued datacenter growth Roll Eyes

Just plain old GREED Tongue

The altcoin mining isn't much better,but the new ASIC's do use ALOT less power than GPU's......................

Und3rd0g

full member

Activity: 231

Merit: 100

Quote from: solarion on April 27, 2014, 06:46:13 PM

Kinda depends on your electricity costs.

I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: solarion on April 27, 2014, 06:46:13 PM

Kinda depends on your electricity costs.

And the ability to cool your house and miners.

solarion

hero member

Activity: 966

Merit: 513

Kinda depends on your electricity costs.

Und3rd0g

full member

Activity: 231

Merit: 100

Has the market for 1TH miners been over-saturated by easy to ship/inexpensive Chinese miners hitting the market (before late coming pre-orders have been fulfilled)? Is the opportunity for home based mining over? Have the electricity cost requirements finally made home based mining unprofitable and/or undoable (undoable based on electricity requirements)? Thoughts?

Topic: 1TH miners on Ebay going for $2500?!?! - page 2. (Read 2146 times)