a single SP20 power cost .05 /kw -profitable?

hertfordnc

newbie

Activity: 4

Merit: 0

Quote from: notlist3d on December 25, 2015, 10:44:14 PM

I'm surprised at pretty good price going to insane high.

It's a very good electric coop. THey charge $0.11/kw all the time.

I am on a voluntary peak hours program. THey charge the higher rate from 0600 to 1000 in the winter when people are warming their home,taking showers etc, and from 1400-1900 in the summer when the AC is on. And it's only monday thru Friday so it's a good program if you're willing to manage it.

The average price around the clock it $0.10/kw.

QuintLeo

legendary

Activity: 1498

Merit: 1030

SP20 has an option to turn the voltages down, but the web interface for that is flaky and it doesn't work real reliably.

Mine will hit 818 MH/s using 370 Watts at .59 volts, it wasn't reliable at any lower voltage.

Probably best to find a way to shut it down during those horrible 4 hours of insane power pricing, as they kick your AVERAGE power cost up to 9c/KWH.

adaseb

legendary

Activity: 3808

Merit: 1723

Generally, its all a gamble.

If the price goes down, you will lose money.

If it stays the same, you will make very little.

If it goes up, you will make money.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: philipma1957 on December 25, 2015, 09:53:21 PM

The batch 8 ant miner s-7

Is okay and may do well.

Those 4 hour's kinda kinda kill most miners as far as running during them. A quick ROI on S7 B8 I think you could leave running and it will just make very very little but a few difficulty changes might change that.

Your best bet would be scheduling the miner to shut down during that 4 hour period. I would suggest making sure off hours are right (include taxes and fees), as that to peak is just such a big jump. I'm surprised at pretty good price going to insane high.

philipma1957

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'The right to privacy matters'

The batch 8 ant miner s-7

Is okay and may do well.

hertfordnc

newbie

Activity: 4

Merit: 0

Quote from: mickiya on December 25, 2015, 01:37:40 PM

0.333 btc is around $150. So it is not profitable to have that miner. It will not ROI even with 0.05 electricity price.

Ok then, what is the price of admission for something that will have a reasonable ROI? I have no delusions of striking it rich but i think bitcoin may be a good long term investment and I think mining could be a better strategy than straight buying

mickiya

full member

Activity: 195

Merit: 104

Quote from: philipma1957 on December 25, 2015, 08:58:51 AM

Quote from: hertfordnc on December 25, 2015, 12:48:38 AM

The subject says most of it.

I can get a SP20 for around $500. I pay .05/wh for 20 hours per day. For the other four hours I pay .29/kw.

could I throttle the power automatically so consumption goes way down during peak hours?

And at what future difficulty will that machine be obsolete?

you need to turn it off those 4 hours.

As to profitable at 5 cents give me a minute or 2

BTW 500 usd is too much.

pretend you are 24 hours at 5 cents

pretend it is free not 500

BTC = 450

if the difficulty is 8% it will earn .333 btc by July 1 and then coins will half

0.333 btc is around $150. So it is not profitable to have that miner. It will not ROI even with 0.05 electricity price.

philipma1957

legendary

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'The right to privacy matters'

Quote from: hertfordnc on December 25, 2015, 09:12:05 AM

Ok, what is fair market value for that unit? I see them on ebay for a few dollars less but this is a nearby craigslist.

The 24 hour average for power is still only $0.10/kw but it would better if the peak hours could be blocked out.

But from my limited reading i understand you can set the processing speed and the power consumption. What am i missing?

I ran 12 of them. They can go as low as 1000 gh and about 480 watts

hertfordnc

newbie

Activity: 4

Merit: 0

Ok, what is fair market value for that unit? I see them on ebay for a few dollars less but this is a nearby craigslist.

The 24 hour average for power is still only $0.10/kw but it would better if the peak hours could be blocked out.

But from my limited reading i understand you can set the processing speed and the power consumption. What am i missing?

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: hertfordnc on December 25, 2015, 12:48:38 AM

The subject says most of it.

I can get a SP20 for around $500. I pay .05/wh for 20 hours per day. For the other four hours I pay .29/kw.

could I throttle the power automatically so consumption goes way down during peak hours?

And at what future difficulty will that machine be obsolete?

you need to turn it off those 4 hours.

As to profitable at 5 cents give me a minute or 2

BTW 500 usd is too much.

pretend you are 24 hours at 5 cents

pretend it is free not 500

BTC = 450

if the difficulty is 8% it will earn .333 btc by July 1 and then coins will half

hertfordnc

newbie

Activity: 4

Merit: 0

The subject says most of it.

I can get a SP20 for around $500. I pay .05/wh for 20 hours per day. For the other four hours I pay .29/kw.

could I throttle the power automatically so consumption goes way down during peak hours?

And at what future difficulty will that machine be obsolete?

Topic: a single SP20 power cost .05 /kw -profitable? (Read 781 times)