cyberpinoy on December 17, 2014, 01:13:17 AM. The electric usage stats are made with 1 THS Dragon Miners actually, I use them becasue they are some of the worst efficient miners in the farm right now. When i do the comparison test of machines, I use a solo account (one that only that machine is mining in so i can see its costs, I calculate the Kwh for that machines and multiply its months use by the monthly rate we pay for electric. (IN ADDITION Keep in mind here in the Philippines the Landlords ADD 1 to 3 Pesos to your KWH rate to have power) so we are paying drastically more than anyone else in the world at the end of the day. We have LONE meters installed for our mining equipment so we know exactly what their use is
And it prepares us for solar power here in the next couple months for the Farm. SO maybe you can now understand a person like me who pays 3 times or more the amount for electric that GHASH.IO does to be infuriated with thier lies and BULLSHIT!!
Saying 1+1=154 doesnt make it true.
Dragon miners use ~1W/GH. Your 1TH machines therefore costs you
1KW*24h*30d * $0.38/KWH = $273 per month (Im even excluding those landlord pesos)
1TH should theoretically mine 0.3824 BTC per month, which at todays price is $121.6 if we ignore pool and exchange fees.
With the electricity price you quoted, you spend >2x more on electricity than you gain from mining and your 'profit' is therefore a $151 loss per month per dragon miner.
because I have FACTS, BILLS and PAYOUTS to back up my Lips spouting,
Too bad you clearly fail at making sense of those 'facts' and numbers.
started by cyberpinoy, Dec 9, 2014.: http://www.drids.com/threads/the-income-potential-of-bitcoins.49/Is there good money to be made in Bitcoins, Absolutely, can you get rich overnight Most certainly, but it may cost you a bit of money to do that. Will you get rich overnight using my methods probably not, Can you secure a great income potential with what I have to offer yes. In 6 months I have built a back office end of my Bitcoin business and make a profit of over 1000 dollars a month. And it did not cost me anything out of my pocket to get it up and running. It took a lot of time behind my computer, But absolutely no money outof my pocket to build this business.
This fuckin' lying piece of shit, Leroy Fodor, was called out for his lying back in December, 2014, when Puppet had to do the simple math for the business major possessing a degree from Ohio University, just like the other piece of shit, Joshua Zipkin, who's no longer about and couldn't spell after also getting a degree from the same school.
Full Disclosure: I am ONLY assuming that Universities have something in place so that it's just not passing out degrees willy-nilly, e.g., have their alumni to at least spell the easy words like thief and chief correctly, and whatnut.