Is anyone really still mining today on a "personal use" scale?

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: enryk on February 27, 2015, 03:49:29 AM

People who have the rigs from before, and have been long time miners would definitely be mining if they still have access to cheap or free electricity, as it would be a waste of it , if they dont.
But as far as I know, I know no one who is getting into it.

I mean I still buy miners occasionally and buy them on hashnest, when they stop making money on cloud ill pay for the shipment and use them as heaters.

Mayuyu48

hero member

Activity: 644

Merit: 500

only get small profit in home scaling mining now Sad

most of my friend mine bitcoin just for fun, as their hobbies. not try to make a good profit anymore
soon mining is just for big player who has large scale mining facility and strong capital

Swimmer63

legendary

Activity: 1593

Merit: 1004

Still mine but all miners are hosted. My local power is .16/kwh. I am paying between .08-.065/kwh at hosted facilities in WA state and China. Profit is way down, but there is still a profit.

enryk

full member

Activity: 168

Merit: 100

GreenCoin

People who have the rigs from before, and have been long time miners would definitely be mining if they still have access to cheap or free electricity, as it would be a waste of it , if they dont.
But as far as I know, I know no one who is getting into it.

sickhouse

hero member

Activity: 490

Merit: 500

Quote from: ?? on ??

Quote from: sickhouse on February 26, 2015, 05:35:32 PM

Quote from: ?? on ??

Scarily small @ home

1: S3
1: S1
1: Thunder X3

How much do you make per month? When do you plan on sell the EQ?

Honestly not much I have the S1 on a solo pool (it's a lotto heater Tongue

) and s3 on a pps, and the X3 was just ordered. I had more like 4M Hex miner but I moved and a PSU died so it just sits (really looking to sell it). I probably make around 20$ a month right now because I don't mine constantly and I use it as a space heater for my office room so I justify the electric.

I don't know what you mean by EQ.

Oh, I mean equipment - Sorry for the confusion. $20 sounds decent if you don't mine 24/7, how much did it cost and how much power do you need?

sickhouse

hero member

Activity: 490

Merit: 500

Quote from: ?? on ??

Scarily small @ home

1: S3
1: S1
1: Thunder X3

How much do you make per month? When do you plan on sell the EQ?

novak@gekkoscience

full member

Activity: 173

Merit: 100

I have a tube running in my house as a space heater. I could probably expand, since I have pretty cheap power here, I just don't have a lot of space. It's already made back almost three times what it cost me, if you exclude power. Including power I'm still about 0.4 coin ahead, even with prices this bad.

--
novak

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: btcminer021 on February 14, 2015, 10:36:55 PM

I would think the cost of ASICS and power would make it financially difficult to turn any sort of profit at today's prices. Is anyone still mining today at home? What equipment are you using? What are your cost calculations?

Cost of equipment?
GH/s?
Cost of power?

Electricity is about $0.25 kwh where I live Sad

Ouch, $0.25 kWH, that's a killer rate...not in a good way! Sad

I thought my NYC electrical rates at $0.19 kWH is bad! My wife kicked my ass and my miners out when I was running some Block Erupters back in 2013 once she saw the bill, so I had to "host" them at work.

Had some Ants, some dragons 1TH's and had myself a nice mini farm. Once my "hosting" deal ran out, I was shit out of luck, and just quit mining altogether.

If it's unprofitable for me, man I know there's no point for you mining.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: btcminer021 on February 15, 2015, 02:29:34 PM

I still mine a bit for hobby, at a loss, using GPU (Bonus: warms the room in the winter).

Since you have the SP20 and S5, which do you prefer?

I have used both and personally i like both. I just recently underclocked my SP20's. They have a amazing range as far as running full speed or underclock.

Sadly for you at .25 on electricity you really need to find a place to host it. That is just very very high and makes ROI very unlikely. Personally I like 10 or under for ROI. But if done right and you sell miner at end you can make ROI at higher, I don't want to mention name but I have seen it done in mid teens on electricity. But have not seen anyone do math with over 20 that makes ROI.

naoufel

newbie

Activity: 2

Merit: 0

Hello guys ,
I am just thinking of it at the moment , I have a spare place and electricity cost is about 0.02 usd for the first 128KHw and then 0.04USD per Khw .
I am thinking of getting Spondoolies SP31 X2 to reach 9TH/s . According to my calculations I would make about 18.5 USD per day not taking in account the equipment cost , can you correct me if I am wrong ?

fullzero

legendary

Activity: 1260

Merit: 1009

Even at New England power rates; it will always make more sense to run a miner in place of a space heater.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Twipple on February 16, 2015, 07:41:39 PM

Quote from: redsn0w on February 16, 2015, 07:58:36 AM

Quote from: BTCish on February 16, 2015, 07:52:40 AM

Those who has access to free or very low cost electricity still is mining.

Yes it is obviously if you have access to free or pay low electricity cost the bitcoin, mining is still worthy. The second thing is the cost of the machines.

I doubt if its still worthy even at the current price. It is simply too expensive now, and the ROI would be negative.

so if you have free power and 1 s-5 it is not going to ROI .
pretty sure you are wrong about that.

I will even add in a psu cost peg the s-5 + the psu at 2.159 btc total about 500 usd

and you go into the black on sept 4th if you use 3% growth rate per adjustment

into the black on sept 30th if you use 4% growth rate

into the black on oct 27th if you use 5% growth rate

the net work has averaged under 2.5% a jump sep 25th 2014

Twipple

sr. member

Activity: 462

Merit: 250

Quote from: redsn0w on February 16, 2015, 07:58:36 AM

Quote from: BTCish on February 16, 2015, 07:52:40 AM

Those who has access to free or very low cost electricity still is mining.

Yes it is obviously if you have access to free or pay low electricity cost the bitcoin, mining is still worthy. The second thing is the cost of the machines.

I doubt if its still worthy even at the current price. It is simply too expensive now, and the ROI would be negative.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: BTCish on February 16, 2015, 07:52:40 AM

Those who has access to free or very low cost electricity still is mining.

Yes it is obviously if you have access to free or pay low electricity cost the bitcoin, mining is still worthy. The second thing is the cost of the machines.

BTCish

full member

Activity: 182

Merit: 100

Those who has access to free or very low cost electricity still is mining.

sidehack

legendary

Activity: 3346

Merit: 1858

Curmudgeonly hardware guy

My hosting is set up with in mind to help out the home-scale miners that can't afford to run hardware at home. Industrial scale is kinda ruining the landscape for everyone.

My entire apartment has been heated by a Dragon miner for the last few months. Furnace only runs when I need it quiet in here. Another two months and that's probably getting shut down and moved to the museum.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: btcminer021 on February 15, 2015, 02:29:34 PM

I still mine a bit for hobby, at a loss, using GPU (Bonus: warms the room in the winter).

Since you have the SP20 and S5, which do you prefer?

For my house the SP20E is better.

btcminer021

member

Activity: 98

Merit: 10

Mine hard!

I still mine a bit for hobby, at a loss, using GPU (Bonus: warms the room in the winter).

Since you have the SP20 and S5, which do you prefer?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

25 cents is not possible to profit.

10 cents you can make out.

I have 11 pieces in house.

8 sp20e's
1 sp20
1 s-5
1 avalon 4.1 total of 12.1 th

I make about 500 usd a month after power is paid.

A guy like you can only host someplace other then your house.

I have 2 s-5's in china

https://bitcointalksearch.org/topic/lee-group1980-the-sales-of-first-batch-hosted-antminer-s7psu-included-934581 lee is decent I have done a dragon miner from april 2014 to august 2014

I have been doing the pair of s-5's for now.

btcminer021

member

Activity: 98

Merit: 10

Mine hard!

Looking at the product offerings from todays "trusted" manufacturers, it looks like at home mining will never again be profitable. I continue to mine for fun as a hobby, but it's sad to see it is no longer profitable.

Topic: Is anyone really still mining today on a "personal use" scale? (Read 3278 times)