21 cents per kw, Any way to mine? - page 3.

chokesir

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Quote from: notlist3d on February 07, 2016, 10:53:07 AM

Quote from: chokesir on February 07, 2016, 08:53:09 AM

Right now i would not by any miner. Just wait for the next generation of miners.
The current batch is way overpriced and you will make a big loss on it.

It all depends on electricity price I would say. Electricity price can make or break you. I'm doing some moving around with miners doe to this. But this 21 cent thread ... 21 cent day's are gone with current products.

So there are still people out there that are able to mine, just takes lower cotst. And hopefully a little more value on btc would be nice for miners.

Well even if you got free electricity, remember you have to buy the PSU too.
Which makes every miner today unprofitable.

notlist3d

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Quote from: chokesir on February 07, 2016, 08:53:09 AM

Right now i would not by any miner. Just wait for the next generation of miners.
The current batch is way overpriced and you will make a big loss on it.

It all depends on electricity price I would say. Electricity price can make or break you. I'm doing some moving around with miners doe to this. But this 21 cent thread ... 21 cent day's are gone with current products.

So there are still people out there that are able to mine, just takes lower cotst. And hopefully a little more value on btc would be nice for miners.

chokesir

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Right now i would not by any miner. Just wait for the next generation of miners.
The current batch is way overpriced and you will make a big loss on it.

makingwin1

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not worh especially if you are low budget miner i suggest doing something else .

QuintLeo

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Why a particular person wants to mine VARIES WIDELY.

Many or perhaps even most want to make some extra money, but some are more about "want to support (whatever)coin" and such.

Realistically, the cost of your electric *IS* the single biggest factor in mining profitability. Yes, there are quite a few others, but if your electric is too expensive none of the other factors MATTER.

talks_cheep

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Why do people want to mine? Is it because they want to "contribute" to bitcoin network? Is it because they want to "print money"? OP is in the latter camp, based on the question "21 cents per kw, any way to mine?" He/she is keenly aware of her electricity cost and cost is top of her concern, in other words, she's highly concerned with $$$. I'm not judging her, I am also highly concerned when it comes to my money. However, I've been here long enough to KNOW it's too late to mine if you're a regular home miner with limited resources. This forum is littered with noobs asking if they can mine with x.xx cents per kw, as if that's the most important question. It's one of a series of questions you should ask or research for yourself. There are important factors you should consider, one being electricity cost, another being the diff factor, among other things. They have no idea how much diff is rising currently. If they jump in, because of $$$ signs dancing in front of their greedy eyes, they're going to be in a world of hurt later.

QuintLeo

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The power supply you can resuse for other things later though - next generation miner, next computer build, etc. - so if you don't fully RoI the PS it's not a big deal.

notlist3d

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Quote from: martinacar on January 31, 2016, 05:01:56 PM

I pay 18 cents. It's less then you OP but it is not giving me any profit.
I feel bad i started mining al together. It cost a lot of time and no you won't get you money back.

I suggest selling gear or finding a hosting center. 18 cent's is to much to pay on electricity for mining. And add cooling on top of that, you are going to lose quite a bit over time mining.

But with high difficulty changes I think sooner you get out of 18 cent electricity the better. Hosting you can easily get 10 cent's or less, so even if you send it somewhere for hosting you are far better of.

martinacar

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I pay 18 cents. It's less then you OP but it is not giving me any profit.
I feel bad i started mining al together. It cost a lot of time and no you won't get you money back.

HarryKPeters

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Quote from: QuintLeo on January 31, 2016, 04:02:21 AM

S5 is bloody near not profitable NOW unless you have VERY cheap electric.
That's WHY I've sold most of mine off (and am trying to sell the last one and my SP20).

It will take time for the difficulty to double again due to the 14/16NM generation, especially given the reported yield rates from folks like TSMC on that node right now.
On the other hand, diff has been rising quite fast since shortly after introduction of the S7 just from the "last gasp" of 28nm tech.....

Even if you get a very good price on the elecricity. There is no way you will make ROI.
Remember you have to buy a PSU too. Which makes it unlikely to see any ROI.

QuintLeo

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S5 is bloody near not profitable NOW unless you have VERY cheap electric.
That's WHY I've sold most of mine off (and am trying to sell the last one and my SP20).

It will take time for the difficulty to double again due to the 14/16NM generation, especially given the reported yield rates from folks like TSMC on that node right now.
On the other hand, diff has been rising quite fast since shortly after introduction of the S7 just from the "last gasp" of 28nm tech.....

Qunenin

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Quote from: QuintLeo on January 29, 2016, 02:29:03 AM

Quote from: MaritiJames3 on December 30, 2015, 12:52:46 PM

Then i bought S5 miners > no profit (clearly bitmain overpriced them)

Depends on WHEN you bought them - if you bought them early in 2015, you should have RoIed them fairly easily unless you're paying more than 10c/KWH.

If you waited for June/July timeframe, you would have needed VERY VERY cheap electric to have a good chance at RoI with them (unless you did like I'm doing and sold them for enough to achieve RoI).

There isn't a lot of labor cost to running a large farm - MegaBigPower has mentioned having a staff of 12 (IIRC) for their BIG Washington farm. That's not much staff needed for one of the bigger farms in the world.

S5 willl not be profitable in the next quarter even if you have very very cheap electricity. The difficulty will at least double when the 16nm comes out.

QuintLeo

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Quote from: MaritiJames3 on December 30, 2015, 12:52:46 PM

Then i bought S5 miners > no profit (clearly bitmain overpriced them)

Depends on WHEN you bought them - if you bought them early in 2015, you should have RoIed them fairly easily unless you're paying more than 10c/KWH.

If you waited for June/July timeframe, you would have needed VERY VERY cheap electric to have a good chance at RoI with them (unless you did like I'm doing and sold them for enough to achieve RoI).

There isn't a lot of labor cost to running a large farm - MegaBigPower has mentioned having a staff of 12 (IIRC) for their BIG Washington farm. That's not much staff needed for one of the bigger farms in the world.

notlist3d

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Quote from: Ejanend on January 28, 2016, 03:39:08 AM

Quote from: QuintLeo on January 20, 2016, 03:26:32 PM

Quote from: mirakal on December 14, 2015, 05:14:06 AM

If your electricity is $0.21/kWh, it is better not to mine if you do not think mining is your hobby. There are mining farms in China, paying $0.04/kWh.

More like $0.03 from comments I've seen, and at least one small area in the USA that can match that (for now).

I am anticipating the next generation gear (14/16nm full custom) will start arriving before the halfing.
BitFury is talking April, but I suspect Innosilicon might beat them to the punch.
BW.com missed the boat with their B-Eleven NON-full-custom 14nm design, unless it shows up before the end of the month and significantly beats the S7 on price.

The labor cost in the US is too high. In order to run a farm, you also need to construct it and maintain it. The running cost is higher.

Setup is going to be most expensive. You could have far less people running a mining facility then setup. A lot can also be automated. So I think as long as you get cheap electricity it can still be done in US. But it does take cheap electricity especially at the size your talking about.

There are some hosting centers in US, so it can be done.

Ejanend

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Quote from: QuintLeo on January 20, 2016, 03:26:32 PM

Quote from: mirakal on December 14, 2015, 05:14:06 AM

If your electricity is $0.21/kWh, it is better not to mine if you do not think mining is your hobby. There are mining farms in China, paying $0.04/kWh.

More like $0.03 from comments I've seen, and at least one small area in the USA that can match that (for now).

I am anticipating the next generation gear (14/16nm full custom) will start arriving before the halfing.
BitFury is talking April, but I suspect Innosilicon might beat them to the punch.
BW.com missed the boat with their B-Eleven NON-full-custom 14nm design, unless it shows up before the end of the month and significantly beats the S7 on price.

The labor cost in the US is too high. In order to run a farm, you also need to construct it and maintain it. The running cost is higher.

Bitcoinbro

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Quote from: QuintLeo on January 20, 2016, 03:26:32 PM

Quote from: mirakal on December 14, 2015, 05:14:06 AM

If your electricity is $0.21/kWh, it is better not to mine if you do not think mining is your hobby. There are mining farms in China, paying $0.04/kWh.

More like $0.03 from comments I've seen, and at least one small area in the USA that can match that (for now).

I am anticipating the next generation gear (14/16nm full custom) will start arriving before the halfing.
BitFury is talking April, but I suspect Innosilicon might beat them to the punch.
BW.com missed the boat with their B-Eleven NON-full-custom 14nm design, unless it shows up before the end of the month and significantly beats the S7 on price.

I mine at 9 cent and it's possible to make profit. But 21 cent makes no sense.

It would better to give your money to charity straight ahead.

notlist3d

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Quote from: mirakal on January 20, 2016, 05:14:10 AM

Quote from: newcoins1978 on January 03, 2016, 08:56:03 PM

Quote from: Ejanend on January 03, 2016, 03:13:36 AM

Quote from: Amph on December 08, 2015, 02:45:15 AM

Quote from: PesiHUN on December 07, 2015, 03:52:36 PM

dont forget that in 2016 btc income from mining will be half

but the value will be also very high, the current value already is about 100% more than what it was, so easily at this point will not count anything, incomparison when we were at 230

The price of bitcoin is not certain to rise. That is just a speculation. But the blockreward is going to halve, that is certain.

For this it is a big risk to start mining now.
Sure you can profit easily for 6 months.

But.. then what?

The bitcoin price might rise in long term. That is caused by adoption of the bitcoin as a payment method. It is valuable investment as well.

I think if you believe in bitcoin you believe it will rise long term. Mining is no guaranteed profit, you have to enjoy it to do it. Also you are speculating you will make a ROI.

This thread thought can pretty much be done long and short term. 21 cent's is just to much to mine on. As long as you can get a data center for half of that, it's a far better option.

QuintLeo

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Quote from: mirakal on December 14, 2015, 05:14:06 AM

If your electricity is $0.21/kWh, it is better not to mine if you do not think mining is your hobby. There are mining farms in China, paying $0.04/kWh.

More like $0.03 from comments I've seen, and at least one small area in the USA that can match that (for now).

I am anticipating the next generation gear (14/16nm full custom) will start arriving before the halfing.
BitFury is talking April, but I suspect Innosilicon might beat them to the punch.
BW.com missed the boat with their B-Eleven NON-full-custom 14nm design, unless it shows up before the end of the month and significantly beats the S7 on price.

mirakal

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Quote from: newcoins1978 on January 03, 2016, 08:56:03 PM

Quote from: Ejanend on January 03, 2016, 03:13:36 AM

Quote from: Amph on December 08, 2015, 02:45:15 AM

Quote from: PesiHUN on December 07, 2015, 03:52:36 PM

dont forget that in 2016 btc income from mining will be half

but the value will be also very high, the current value already is about 100% more than what it was, so easily at this point will not count anything, incomparison when we were at 230

The price of bitcoin is not certain to rise. That is just a speculation. But the blockreward is going to halve, that is certain.

For this it is a big risk to start mining now.
Sure you can profit easily for 6 months.

But.. then what?

The bitcoin price might rise in long term. That is caused by adoption of the bitcoin as a payment method. It is valuable investment as well.

Qunenin

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Quote from: bitlancr on January 04, 2016, 03:55:15 PM

Quote from: Qunenin on January 04, 2016, 04:35:23 AM

Quote from: crazyivan on January 03, 2016, 02:51:07 AM

You can mine PoS coins, all you need is a laptop online 24/7 and in most cases not even that. Your electricity costs re gonna be minimal. I like DMD Diamond and Flycoin, for example. Proof of stake is the future of mining. Even Etherum ll switch to proof of stake by the end of this year.

The problem with those PoS coins is that their price reduce in long term in general. There is no big user community.

Yeah and PoS mining is not like real mining.
I think OP wants to experience of asic mining bitcoin, which is the real thing.

Compared to PoW, PoS is for children.

The cost of PoW gives value to PoW coins. It forms a certain basis for the price for mature coins. The cost of big farms is about $200 at the moment.

Topic: 21 cents per kw, Any way to mine? - page 3. (Read 10518 times)