Topic: 400GH/s - how many BTC can you extract? (Read 4405 times)

Quote from: GODLIKE on July 03, 2014, 02:10:39 AM

about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC. Unless the network crashes and burns in which case you get thousands of useless BTC lol.

I think this machine gives back what you pay it, but not by much... I mean, after 6 months you get 0.3 BTC on top of your investment repaid. Is it really worth it? Mining is essentially dead.

And...just wait for the new 50 PHs stomping into the network, and boom, bye bye mining, once and for all.

You put in a 32% increase per month!?! We had a 25% just for the last 10 day period! Two of those in a row is 1.25x1.25=1.56 or 56% increase in just about 20-22 days, not even counting out 30 days.

The machine won't even earn it's fiat back unless Bitcoin doubles in price.

A calculator (like any tool) only works if used correctly.

Difficulty increase goes with computational power increase.
If computational power wouldn't increase, difficulty would stay the same (for what I know).
The problem is vc are still pouring capitals and buying computing power, even when the investment is very risky and doesn't pay that much.
My opinion is that in the future we'll see some other months of PHs getting into play, and then, when the income will be very tight, many of these mining companies will pop off, beginning with cloud miners.
We are rapidly approaching the no-return in investment, by hardware costs and electricity consumption.
When this soil will be met there will be slower addition of computational power, but I expect a collapse not too far in time on GHs prices on cloud mining, and then also on hardware.

The people throwing VC around as investing into "massive" multi-million dollar farms. They develop and produce their own miners or subcontract somelike like ASICMiner to make the chips and they make their own. Their costs are significantly lower than a home user. They can afford to have 10k miners air-lifted to Iceland and mine with cheap power.

You and I mining at home cannot compete with that. It may cost you $450 to buy an S3, Bitmain can make it for $200 and they only need to mine $200 to break even.

If 0.5W/GH/s is realized soon then we won't see step off until 2016 at the 1/2ing, if we don't get the efficiency up then it will drop sooner as you noted, but not from the VCs.

Anyway, I took off my money from mining and suggest everybody "small" to do so as well Cheesy

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: DrG on July 03, 2014, 01:57:38 AM

Quote from: DrG on July 03, 2014, 01:57:38 AM

about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC. Unless the network crashes and burns in which case you get thousands of useless BTC lol.

I think this machine gives back what you pay it, but not by much... I mean, after 6 months you get 0.3 BTC on top of your investment repaid. Is it really worth it? Mining is essentially dead.

And...just wait for the new 50 PHs stomping into the network, and boom, bye bye mining, once and for all.

You put in a 32% increase per month!?! We had a 25% just for the last 10 day period! Two of those in a row is 1.25x1.25=1.56 or 56% increase in just about 20-22 days, not even counting out 30 days.

The machine won't even earn it's fiat back unless Bitcoin doubles in price.

A calculator (like any tool) only works if used correctly.

Difficulty increase goes with computational power increase.
If computational power wouldn't increase, difficulty would stay the same (for what I know).
The problem is vc are still pouring capitals and buying computing power, even when the investment is very risky and doesn't pay that much.
My opinion is that in the future we'll see some other months of PHs getting into play, and then, when the income will be very tight, many of these mining companies will pop off, beginning with cloud miners.
We are rapidly approaching the no-return in investment, by hardware costs and electricity consumption.
When this soil will be met there will be slower addition of computational power, but I expect a collapse not too far in time on GHs prices on cloud mining, and then also on hardware.

The people throwing VC around as investing into "massive" multi-million dollar farms. They develop and produce their own miners or subcontract somelike like ASICMiner to make the chips and they make their own. Their costs are significantly lower than a home user. They can afford to have 10k miners air-lifted to Iceland and mine with cheap power.

You and I mining at home cannot compete with that. It may cost you $450 to buy an S3, Bitmain can make it for $200 and they only need to mine $200 to break even.

If 0.5W/GH/s is realized soon then we won't see step off until 2016 at the 1/2ing, if we don't get the efficiency up then it will drop sooner as you noted, but not from the VCs.

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC. Unless the network crashes and burns in which case you get thousands of useless BTC lol.

I think this machine gives back what you pay it, but not by much... I mean, after 6 months you get 0.3 BTC on top of your investment repaid. Is it really worth it? Mining is essentially dead.

And...just wait for the new 50 PHs stomping into the network, and boom, bye bye mining, once and for all.

You put in a 32% increase per month!?! We had a 25% just for the last 10 day period! Two of those in a row is 1.25x1.25=1.56 or 56% increase in just about 20-22 days, not even counting out 30 days.

The machine won't even earn it's fiat back unless Bitcoin doubles in price.

A calculator (like any tool) only works if used correctly.

Difficulty increase goes with computational power increase.
If computational power wouldn't increase, difficulty would stay the same (for what I know).
We just had a 25%, true, but when this step was so steep, it's possible that the next one will be lower.

The problem is vc are still pouring capitals and buying computing power, even when the investment is very risky and doesn't pay that much, but I don't expect that much after this jump.
My opinion is that in the future we'll see some other months of PHs getting into play, and then, when the income will be very tight, many of these mining companies will pop off, beginning with cloud miners.
We are rapidly approaching the no-return in investment, by hardware costs and electricity consumption.
When this soil will be met there will be slower addition of computational power, but I expect a collapse not too far in time on GHs prices on cloud mining, and then also on hardware.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Ayers on July 02, 2014, 08:56:43 AM

about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC. Unless the network crashes and burns in which case you get thousands of useless BTC lol.

I think this machine gives back what you pay it, but not by much... I mean, after 6 months you get 0.3 BTC on top of your investment repaid. Is it really worth it? Mining is essentially dead.

And...just wait for the new 50 PHs stomping into the network, and boom, bye bye mining, once and for all.

You put in a 32% increase per month!?! We had a 25% just for the last 10 day period! Two of those in a row is 1.25x1.25=1.56 or 56% increase in just about 20-22 days, not even counting out 30 days.

The machine won't even earn it's fiat back unless Bitcoin doubles in price.

A calculator (like any tool) only works if used correctly.

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC. Unless the network crashes and burns in which case you get thousands of useless BTC lol.

i'm staying away from asic thank you lol

Cloud mining is even worse.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC. Unless the network crashes and burns in which case you get thousands of useless BTC lol.

i'm staying away from asic thank you lol

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC. Unless the network crashes and burns in which case you get thousands of useless BTC lol.

I think this machine gives back what you pay it, but not by much... I mean, after 6 months you get 0.3 BTC on top of your investment repaid. Is it really worth it? Mining is essentially dead.

And...just wait for the new 50 PHs stomping into the network, and boom, bye bye mining, once and for all.

DrG

legendary

Activity: 2086

Merit: 1035