And it won't be long until prices of shovels come crashing down as difficulty skyrockets....
But hey... someone has got to do the digging !
Topic: [Archive] BFL trolling museum - page 10. (Read 69327 times)
$0.15/kWh
I pay double that.
current difficulty
Ahahahaha.
Too funny.
...
Yep. All of this bickering over kWh and slivers of profit at a point in time where difficulty is so high.
Better off worrying about USD/GH. BFL selling anyone a chip for 150 that costs 2 to produce when ROI will be near 12 months is madness.
Well it's even worse than that:Yep. All of this bickering over kWh and slivers of profit at a point in time where difficulty is so high.
Better off worrying about USD/GH. BFL selling anyone a chip for 150 that costs 2 to produce when ROI will be near 12 months is madness.
FPGA -> ASIC
Firstly it doesn't matter the GH/s it does, coz everyone who buys one will be getting that sort of GH/s
Seriously, everyone is simply upgrading their hardware for no gain ... well actually for way less gain ...
Secondly, the price from FPGA -> ASIC = 2x
So entry cost to the same competition has doubled
But wait, halving!
So gross return has also halved.
... OK you see the picture?
As has been stated before, at the goldfields, the guy who sells the mining equipment gets the gold ...
... damn I should be selling cgminer
Yep. Nothing much else to say that isn't an obvious conclusion.
(The most obvious is that asics should have been crowd funded and developed in open source fashion)
...
Yep. All of this bickering over kWh and slivers of profit at a point in time where difficulty is so high.
Better off worrying about USD/GH. BFL selling anyone a chip for 150 that costs 2 to produce when ROI will be near 12 months is madness.
Well it's even worse than that:Yep. All of this bickering over kWh and slivers of profit at a point in time where difficulty is so high.
Better off worrying about USD/GH. BFL selling anyone a chip for 150 that costs 2 to produce when ROI will be near 12 months is madness.
FPGA -> ASIC
Firstly it doesn't matter the GH/s it does, coz everyone who buys one will be getting that sort of GH/s
Seriously, everyone is simply upgrading their hardware for no gain ... well actually for way less gain ...
Secondly, the price from FPGA -> ASIC = 2x
So entry cost to the same competition has doubled
But wait, halving!
So gross return has also halved.
... OK you see the picture?
As has been stated before, at the goldfields, the guy who sells the mining equipment gets the gold ...
... damn I should be selling cgminer
With 66Ghash, 400 Watt, current difficulty, $0.15/kWh, 15$/BTC your revenue per day is $152.
Once Avalon has shipped all units of their first batch difficulty will be approx. 6,000,000. Your revenue per day will still be $78.
Even with 4,000 Watt it would be $65.
You see, power consumption does not make such a big difference as BFL/Josh claims.
If you add on all of BFL's preorders, difficulty will go up over 100,000,000.
a 60GH/s device will only make $5. power will cost $8. So when all the paid for ASICs are in the wild, the low power usage devices are gunna look pretty good!
Try opening a cyber cafe and running the numbers between "thin client" 5watt machines vs 400 watt fully equipped PC's. You will quickly notice that the difference is marginal over a single day. And barely worth the trade-offs in the span of a month.
(Now in the span of years, those cents and dollars add up.
Buddy, we all don't live in the land of fairy's and flying pigs ya know.
Most of us actually pay a ridiculous amount for electricity nowadays
I'm Queensland, Australia it's currently $0.23 KW/h. Which is an extra $1.80 per day that we don't have to spend.
If I gotta wait a few more weeks for my ASIC, it's an extra $644 I don't have to spend over the course of a years.
Marginal my arse.
1.80 per day
1.80 x 30 = 54 per month
1.80 x 365 = 648 per year.
Selling cigarettes to strangers on a street corner...25cents per cig.
Ergo: You'd be better off selling cigarettes on a street corner by the time you have to worry about your rig making that small a profit margin.
Yep. All of this bickering over kWh and slivers of profit at a point in time where difficulty is so high.
Better off worrying about USD/GH. BFL selling anyone a chip for 150 that costs 2 to produce when ROI will be near 12 months is madness.
Try opening a cyber cafe and running the numbers between "thin client" 5watt machines vs 400 watt fully equipped PC's. You will quickly notice that the difference is marginal over a single day. And barely worth the trade-offs in the span of a month.
(Now in the span of years, those cents and dollars add up.
Buddy, we all don't live in the land of fairy's and flying pigs ya know.
Most of us actually pay a ridiculous amount for electricity nowadays
I'm Queensland, Australia it's currently $0.23 KW/h. Which is an extra $1.80 per day that we don't have to spend.
If I gotta wait a few more weeks for my ASIC, it's an extra $644 I don't have to spend over the course of a years.
Marginal my arse.
1.80 per day
1.80 x 30 = 54 per month
1.80 x 365 = 648 per year.
Selling cigarettes to strangers on a street corner...25cents per cig.
Ergo: You'd be better off selling cigarettes on a street corner by the time you have to worry about your rig making that small a profit margin.
Try opening a cyber cafe and running the numbers between "thin client" 5watt machines vs 400 watt fully equipped PC's. You will quickly notice that the difference is marginal over a single day. And barely worth the trade-offs in the span of a month.
(Now in the span of years, those cents and dollars add up.
Buddy, we all don't live in the land of fairy's and flying pigs ya know.
Most of us actually pay a ridiculous amount for electricity nowadays
I'm Queensland, Australia it's currently $0.23 KW/h. Which is an extra $1.80 per day that we don't have to spend.
If I gotta wait a few more weeks for my ASIC, it's an extra $644 I don't have to spend over the course of a years.
Marginal my arse.
(By the way, I genuinely sympathize that you have to pay such high electrical rates.)
Try opening a cyber cafe and running the numbers between "thin client" 5watt machines vs 400 watt fully equipped PC's. You will quickly notice that the difference is marginal over a single day. And barely worth the trade-offs in the span of a month.
(Now in the span of years, those cents and dollars add up.
Buddy, we all don't live in the land of fairy's and flying pigs ya know.
Most of us actually pay a ridiculous amount for electricity nowadays
I'm Queensland, Australia it's currently $0.23 KW/h. Which is an extra $1.80 per day that we don't have to spend.
If I gotta wait a few more weeks for my ASIC, it's an extra $644 I don't have to spend over the course of a years.
Marginal my arse.
With 66Ghash, 400 Watt, current difficulty, $0.15/kWh, 15$/BTC your revenue per day is $152.
Once Avalon has shipped all units of their first batch difficulty will be approx. 6,000,000. Your revenue per day will still be $78.
Even with 4,000 Watt it would be $65.
You see, power consumption does not make such a big difference as BFL/Josh claims.
If you add on all of BFL's preorders, difficulty will go up over 100,000,000.
a 60GH/s device will only make $5. power will cost $8. So when all the paid for ASICs are in the wild, the low power usage devices are gunna look pretty good!
Bullshit.
The difference in earning potential (in the time span of a day) in your scenario would only be a couple of cents. Marginal profit.
At that point it won't matter very much whether you have a BFL or an Avalon. The difference will be counted in cents.
-----------------------------------
Try opening a cyber cafe and running the numbers between "thin client" 5watt machines vs 400 watt fully equipped PC's. You will quickly notice that the difference is marginal over a single day. And barely worth the trade-offs in the span of a month.
(Now in the span of years, those cents and dollars add up.
If you add on all of BFL's preorders, difficulty will go up over 100,000,000.
First they have to ship. Which will be in October. 2013. Or 2015. Who knows ...
With 66Ghash, 400 Watt, current difficulty, $0.15/kWh, 15$/BTC your revenue per day is $152.
Once Avalon has shipped all units of their first batch difficulty will be approx. 6,000,000. Your revenue per day will still be $78.
Even with 4,000 Watt it would be $65.
You see, power consumption does not make such a big difference as BFL/Josh claims.
If you add on all of BFL's preorders, difficulty will go up over 100,000,000.
a 60GH/s device will only make $5. power will cost $8. So when all the paid for ASICs are in the wild, the low power usage devices are gunna look pretty good!
Just thought I'd mention that doing any return on investment calculation using current difficulty as a reference is pretty pointless. Difficulty will skyrocket as ASICs get shipped to end customers. Any calculations made with today's difficulty would only be valid for a few days at best.
Another clown that can't do the math.
With 66Ghash, 400 Watt, current difficulty, $0.15/kWh, 15$/BTC your revenue per day is $152.
Once Avalon has shipped all units of their first batch difficulty will be approx. 6,000,000. Your revenue per day will still be $78.
Even with 4,000 Watt it would be $65.
You see, power consumption does not make such a big difference as BFL/Josh claims.
That is exactally the opposite what people said when the BFL singles where going to be shipped. Blah Blah Blah 4x power useage (neglect double hashrate etc) you will never make money. Same hashrate, lower power use, More Profit. When people can buy a SC Single and lower power use to 25% they will be able to buy more hashrate and actually run miners out of using Avalons. Sure it won't be tomorrow, maybe not next month. That being said either Avalon makes a new unit soon with far better power use or people will buy elsewhere. Again Not Today but soon enough.
Just thought I'd mention that doing any return on investment calculation using current difficulty as a reference is pretty pointless. Difficulty will skyrocket as ASICs get shipped to end customers. Any calculations made with today's difficulty would only be valid for a few days at best.
Another clown that can't do the math.
With 66Ghash, 400 Watt, current difficulty, $0.15/kWh, 15$/BTC your revenue per day is $152.
Once Avalon has shipped all units of their first batch difficulty will be approx. 6,000,000. Your revenue per day will still be $78.
Even with 4,000 Watt it would be $65.
You see, power consumption does not make such a big difference as BFL/Josh claims.
We may have lost the battle gentleman, but we will win the war!
The war is over once all Bitcoins are mined. Until then there are only battles. And BFL lost this battle.
Maybe on 1/2 year, when BFL finally ships, Avalon - or some other company - have next gen ASICs. What will you say then? Again "We may have lost the battle gentleman, but we will win the war!".
Dream on!
Just thought I'd mention that doing any return on investment calculation using current difficulty as a reference is pretty pointless. Difficulty will skyrocket as ASICs get shipped to end customers. Any calculations made with today's difficulty would only be valid for a few days at best.
Yeah, Avalon totally shot BFL in the head with chips that use four times as much power. Good thing we all get it for free, yeah?
Oh just shut up and do the math. Or use http://www.bitcoinx.com/profit/ if you are too dumb to do it yourself.
With 66Ghash, 400 Watt, current difficulty, $0.15/kWh, 15$/BTC your revenue per day is $152.
Even with 4,000 Watt you'd make $139 a day.
Even with 40,000 Watt you'd be profitable ($9 per day).
Yeah, Avalon totally shot BFL in the head with chips that use four times as much power. Good thing we all get it for free, yeah?
I recon once the difficulty is REALLY REALLY high that these Avalon devices are NOT going to be very popular. I dare to say once BFL has shipped and caught up on all orders, that people are only going to buy their equipment.
Avalon shipping is a bit of a win for them, but it's not a future proofed device.
We may have lost the battle gentleman, but we will win the war!
Yeah, Avalon totally shot BFL in the head with chips that use four times as much power. Good thing we all get it for free, yeah?
I dunno, I call it like I see it. Sorry if that is not truly the case Kano.
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