So what do you (OP) pay for electricity per KwH?
Also does anyone know of a web based calculator that will help me determine at what point mining is no longer profitable?
Topic: If difficulty rises at current pace... - page 2. (Read 3486 times)
Well, then less people will mine, meaning the difficulty will go down again =P
Has the difficulty ever gone down?
Once.
Also, it will probably get more costly once summer time hits...A/C will be needed for my comps... =/
Yeah, I'm a little worried about that too, but then again, we'd be running the A/C anyway... Just might have to tolerate slightly higher household temps by trying to run the A/C the same way we would if we weren't running a 24/7 mining rig. Although, since last summer, and recently, we've made some changes in the household that should help to reduce the overall temperature and power usage. For example, we changed all our light bulbs from the old 60W ones to the new 13W ones, and we've gotten better at turning off appliances that aren't being used (TVs, extra computers, etc.). I'm hoping things will balance out.
Well, then less people will mine, meaning the difficulty will go down again =P
Has the difficulty ever gone down?
Once.
Also, it will probably get more costly once summer time hits...A/C will be needed for my comps... =/
Well, then less people will mine, meaning the difficulty will go down again =P
Has the difficulty ever gone down?
Well, then less people will mine, meaning the difficulty will go down again =P
You need to ask yourself if you have the stomach for speculation.
While I enjoy some healthy speculation, I have my own reservations about midrange forecasts of BTC, which is the length of time I will anticipate being involved 
By all means though, those with long term goals will (probably) profit.I'm just saying that even the current spike of BTC price needs to continue aggressively in order to keep up with electricity costs from the equally aggressive difficulty increases. If it doesn't.... well....
If it doesn't, people will start dropping off and I suspect difficulty may drop [or at least quit rising so quickly].
You need to ask yourself if you have the stomach for speculation.
While I enjoy some healthy speculation, I have my own reservations about midrange forecasts of BTC, which is the length of time I will anticipate being involved By all means though, those with long term goals will (probably) profit.I'm just saying that even the current spike of BTC price needs to continue aggressively in order to keep up with electricity costs from the equally aggressive difficulty increases. If it doesn't.... well....
Mining vs cost of electricity of the total system will become unprofitable for me in 4 difficulty changes for one of my rigs, and in 6-7 difficulty changes for the other. This is assuming $1.25 per 1 BTC also. Harsh, guess I won't be buying that new video card after all 
This thread is just a heads up to everyone to keep track of your power consumption vs BTC generation. Always stay on the profit end of that equation! Sometimes shutting off the minings the right thing to do, sadly...
This thread is just a heads up to everyone to keep track of your power consumption vs BTC generation. Always stay on the profit end of that equation! Sometimes shutting off the minings the right thing to do, sadly...
Time to install a windmill
You need to ask yourself if you have the stomach for speculation.
Sometimes shutting off the minings the right thing to do, sadly...
This is not always true even if mining profit is negative.If someone pays $0.8 in energy to generate 1 BTC then he should have shut down his miners some weeks ago. But if he didn't, he can sell those bitcoins for $1.2 now :)
(just an example)
Mining vs cost of electricity of the total system will become unprofitable for me in 4 difficulty changes for one of my rigs, and in 6-7 difficulty changes for the other. This is assuming $1.25 per 1 BTC also. Harsh, guess I won't be buying that new video card after all
This thread is just a heads up to everyone to keep track of your power consumption vs BTC generation. Always stay on the profit end of that equation! Sometimes shutting off the minings the right thing to do, sadly...
This thread is just a heads up to everyone to keep track of your power consumption vs BTC generation. Always stay on the profit end of that equation! Sometimes shutting off the minings the right thing to do, sadly...
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