Topic: At what price is mining no longer profitable? (Read 1284 times)
1.5$/BTC
At what price is mining no longer profitable?
At ~20-30 US cents per 100MH/s I would just call it quits - it would still pay for electricity, but there is no real added value to have a mining computer running 24/7 "for free" - also Hardware payoff would take a loooong time this way.What are your thoughts on this?
That currently mining seems profitable.Have you concidered this when you started?
Yes 
No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.
Uhh OK. In my opinion you will be profitable mining until banana. I've done the math, and now I know when mining becomes unprofitable for me! You are welcome, happy to help.
No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.
Oh okay then. When bitcoin is worth $0, then mining is unprofitable. Ta da. I did your work *for* you.
Thanks! You're awesome!
Any opinions coming out of that brain of yours? Opinions on the topic, that you would like to share with the rest of us? Or is this it?
No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.
Oh okay then. When bitcoin is worth $0, then mining is unprofitable. Ta da. I did your work *for* you.
nixxle, It is impolite to order other people to do your work. Just sayin'
BTC are high right now and I even bought myself a decent rig because of this.
But it is of course possible that the BTC comes down. At what price is mining no longer profitable? What are your thoughts on this? Have you concidered this when you started? Looking for some opinions before I go and buy more stuff.
But it is of course possible that the BTC comes down. At what price is mining no longer profitable? What are your thoughts on this? Have you concidered this when you started? Looking for some opinions before I go and buy more stuff.
It will take quite a lot to make mining bitcoins not profitable:
First time it will be unprofitable it when the bubble crashes and BTC are worth ≈$0.1 each, but that will be due to the "despair" part of a bubble, it will go back to about $0.5 each a few weeks after that and slowly climb to $5 after a year. The second time will be when cost of KW/hr becomes more than you make (on average) an hour, which should be about a year for current generation hardware.
No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.
BTC are high right now and I even bought myself a decent rig because of this.
But it is of course possible that the BTC comes down. At what price is mining no longer profitable? What are your thoughts on this? Have you concidered this when you started? Looking for some opinions before I go and buy more stuff.
This is how I figure:
But it is of course possible that the BTC comes down. At what price is mining no longer profitable? What are your thoughts on this? Have you concidered this when you started? Looking for some opinions before I go and buy more stuff.
This is how I figure:
- Electricity is free for me, so mining will always be profitable, no matter what the price is.
- I can write the equipment off from the profits from my company and have a bit of a tax-break.
- Having a dozen GPU's rattling around the house is worth the investment all by itself.
- I learned a great deal about Linux thanks to LinuxCoin. -> more than worth it.
- I learned a great deal about economic thanks to all of you -> more than worth it
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