The boicoin network now has 180'000 TH/s, so, by my arithmetic, a 1.2 TH/s machine is expected to yield about 12 US$ worth of bitcoins per day, on the average. (is my math correct?) How much electricity does it consume per day?
It would take 480 days for it to repay a 6000 US$ investment, if nothing changed. But of course difficulty will increase, and the BTC price may not increase.
It would take 480 days for it to repay a 6000 US$ investment, if nothing changed. But of course difficulty will increase, and the BTC price may not increase.
Assuming 1200 watts and $.15/kwh that's $4.32 per day in electricity.
So, what's the problem? 6000/8 = 750 days or 2 years. Since the difficulty increases every two weeks, it'll take a tad longer.
Luckily, Josh Zerlan of BFL has a better solution: Host it at one of BFL's hosting outfits using the EMC pool for ONLY $9 a day, thus losing ONLY $365 a year. But, to hedge your lost, buy $365 worth of BTC for two years, and when the rate doubles you win. In the same vain, purchase $1,000 worth of BTC and when it increases 7 fold, you'll get your $6,000 back, probably in about a couple years, just in time for you to pre-order the 14nm-based miners for the (insert name of some Norse God here) Miner produced by some TBD outfit fully backed by the scumbags operating now ready to lock their doors. If you don't believe me, blow your (directed at nobody in particular) fuckin' brains out, for we don't need your kind procreating.
365 dollars? That is literally a dollar a day!
Equating to a Super Large Supreme Pizza delivered in the Chicagoland area once a month.
