How many GHs do you need to break even if you got a miner now?

lo1

newbie

Activity: 30

Merit: 0

Quote from: Puppet on September 18, 2013, 05:31:49 PM

Quote from: The Goat Master on September 03, 2013, 06:45:46 PM

I really hope bitcoin reaches $200 quick so I can get equipment in the bitcoin store for half price! Grin

If bitcoin value doubles, then so does the market price per GH, all other things being equal.
So nope, aint gonna happen.

except that the market is 4 times too expensive (considering the 3$/Gh january offer), and that soon people will start understanding this. So if the value of a BTC does not change, the price of the mining equipment must.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: The Goat Master on September 03, 2013, 06:45:46 PM

I really hope bitcoin reaches $200 quick so I can get equipment in the bitcoin store for half price! Grin

If bitcoin value doubles, then so does the market price per GH, all other things being equal.
So nope, aint gonna happen.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Terahashes will be the new Gigahashes fairly soon.

lo1

newbie

Activity: 30

Merit: 0

an answer here:

http://laurent.henocque.com/post/2013/09/16/On-Bitcoin-Mining-and-the-vallue-of-Bitcoin

at current mtgox price 139$, you should not pay now more than
16 dollars/GH if you expect mid october delivery
11 dollars/GH if you expect early november delivery
8 dollars/GH if you expect mid november delivery
6 dollars/GH if you expect early december delivery
4 dollars/GH if you expect mid december delivery
3 dollars/GH if you expect early january 2014 delivery

this is for raw break even. If you want to be on the safe side, these figures should be divided by four (one month delay, plus targetting to double your BTC)

or the value of a BTC should be multiplied by 4.

Professor James Moriarty

sr. member

Activity: 434

Merit: 250

Most reasonable answer here was

Per 1gh/s you could spend 40$ or less , it can be 100 gb for 4000 dollars all we care , but that reach is break even , anything else profitable.

Amph

legendary

Activity: 3206

Merit: 1069

now you need 112 at 30 btc

it's easy, GH/s= difficulty digits before the first point
cost always 30 btc max(about 3 months roi)

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

At current difficulty you'll need about 350.

Trongersoll

hero member

Activity: 490

Merit: 501

Quote from: The Goat Master on September 17, 2013, 04:55:54 PM

Quote from: Amph on September 05, 2013, 03:53:54 AM

86GH/s at 30 btc max cost

What is the current network hashrate?

http://blockchain.info/charts/hash-rate

The Goat Master

hero member

Activity: 868

Merit: 502

Quote from: Amph on September 05, 2013, 03:53:54 AM

86GH/s at 30 btc max cost

What is the current network hashrate?

Amph

legendary

Activity: 3206

Merit: 1069

86GH/s at 30 btc max cost

mootinator

sr. member

Activity: 274

Merit: 250

Quote from: Eastwind on September 04, 2013, 03:13:48 AM

Quote from: DeathAndTaxes on September 03, 2013, 06:54:26 PM

The number of GH/s is irrelevant what matters is the cost per GH/s.

Spot on!

And unless you're getting free power, the power consumption per GH/s. On the low end a 30-40w upgraded Jalapeno running at 8GH/s is going to stay relevant longer than 24 USB block erupters. Some of the analyses I've seen which round the power consumption of several competing products to a single value are a bit suspect.

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

decent price of GH/s for ASIC in hand is 0.3 BTC

if you overpayied you will not get your BTC back

Eastwind

hero member

Activity: 896

Merit: 1000

Quote from: DeathAndTaxes on September 03, 2013, 06:54:26 PM

The number of GH/s is irrelevant what matters is the cost per GH/s.

Spot on!

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

The number of GH/s is irrelevant what matters is the cost per GH/s.

The Goat Master

hero member

Activity: 868

Merit: 502

Quote from: dwdoc on September 03, 2013, 06:44:20 PM

You probably need 1 GH/sec per $40 spent if you start mining right now to break even.

I really hope bitcoin reaches $200 quick so I can get equipment in the bitcoin store for half price! Grin

lemonte

hero member

Activity: 624

Merit: 502

All depends on how much money you are spending, what equipment you are buying and how much your overheads are.

We can't just pull a figure out of thin air, for all we know you could have got the deal of the century, or could have paid over the odds for a block erupter.

A good place to start is http://mining.thegenesisblock.com/

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

You probably need at least 1 GH/sec per $40 spent if you start mining right now to break even.

The Goat Master

hero member

Activity: 868

Merit: 502

Quote from: SgtSpike on September 03, 2013, 06:34:14 PM

Quote from: The Goat Master on September 03, 2013, 06:31:02 PM

If I got a miner, delivered right now, how many GH's would I need to possibly break even, accounting for the ever-increasing difficulty?

0.0000001 GH/s.

You'd immediately start making a profit if you're getting free mining hashpower and have zero electric costs.

Good point, haha. Cheesy

But if I had to actually spend money, how many gigahashes?

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: The Goat Master on September 03, 2013, 06:31:02 PM

If I got a miner, delivered right now, how many GH's would I need to possibly break even, accounting for the ever-increasing difficulty?

0.0000001 GH/s.

You'd immediately start making a profit if you're getting free mining hashpower and have zero electric costs.

millsdmb

sr. member

Activity: 322

Merit: 250

Quote from: The Goat Master on September 03, 2013, 06:31:02 PM

If I got a miner, delivered right now, how many GH's would I need to possibly break even, accounting for the ever-increasing difficulty?

how much are you spending

Topic: How many GHs do you need to break even if you got a miner now? (Read 4125 times)