Author

Topic: Profitability (Read 473 times)

rme
hero member
Activity: 756
Merit: 504
June 12, 2013, 01:11:49 PM
#6
Profitability cannot be calculed because difficulty can increase randomly.
b!z
legendary
Activity: 1582
Merit: 1010
June 11, 2013, 06:47:21 AM
#5
You can mine altcoins for more potential profits.
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 11, 2013, 06:40:22 AM
#4
Yeah, GPU mining isn't a thing anymore. There's proffessional gear used already.
full member
Activity: 196
Merit: 100
June 11, 2013, 06:28:04 AM
#3
Hi there

I was wondering whether or not I was actually making any profit, or if I even was making any in the first place so I bought a watt meter.

Profitability table: https://i.imgur.com/Ej3VR2W.png

as you can see I pay $0.27 / kWh, I hash about 1,2 mh/s and according to the watt meter i'm pulling 780 watt from the socket.

Anyway, is there anything I've missed or is it simply not profitable for me to mine with my 2x 7950's?

Kind regards
Maldark

No that looks fair. Of course its all sunk cost, so you could continue mining in the hope that the BTC->USD rate improves (or alternatively buying  BTC on an exchange may be cheaper).

I'm not sure I agree with the 0.61 profitability decline per year on that site. Wildly overptimistic. Have you tried http://www.coinish.com/calc/ ?
legendary
Activity: 4536
Merit: 3188
Vile Vixen and Miss Bitcointalk 2021-2023
June 11, 2013, 06:21:41 AM
#2
You haven't missed anything, except the boat on GPU mining, obviously. GPU mining just isn't profitable these days unless you have very cheap electricity.
newbie
Activity: 13
Merit: 0
June 11, 2013, 05:40:07 AM
#1
Hi there

I was wondering whether or not I was actually making any profit, or if I even was making any in the first place so I bought a watt meter.

Profitability table: https://i.imgur.com/Ej3VR2W.png

as you can see I pay $0.27 / kWh, I hash about 1,2 mh/s and according to the watt meter i'm pulling 780 watt from the socket.

Anyway, is there anything I've missed or is it simply not profitable for me to mine with my 2x 7950's?

Kind regards
Maldark
Jump to: