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LMGTFY

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Quote from: Bemerand on January 11, 2016, 03:05:27 PM

Quote from: LMGTFY on January 10, 2016, 10:08:36 AM

Quote from: Bemerand on January 10, 2016, 10:03:04 AM

Big miners will not switch to solar power system for mining, as solar panel only works in day time. I most most mining farms move to use hydro power, which is more reliable.

Every solar setup I've seen (rural industries and boats, mostly, some urban, though typically domestic) has used batteries (12/24v DC) because the owners have anticipated not just night time but cloudy days too.

With the inclusion of battery and no subsidy from government, will be solar panel still be a profitable option for mining?

It depends. Solar would be a (mostly) one-off cost - once the miner has invested in a solar system there are no further major costs. Unless the miner owns the hydro plant (which is possible - I've seen small-scale hydro power generation on farms), they'll be looking at regularly recurring costs. But wasn't this part of the discussion about reliability?

Bemerand

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Quote from: LMGTFY on January 10, 2016, 10:08:36 AM

Quote from: Bemerand on January 10, 2016, 10:03:04 AM

Big miners will not switch to solar power system for mining, as solar panel only works in day time. I most most mining farms move to use hydro power, which is more reliable.

Every solar setup I've seen (rural industries and boats, mostly, some urban, though typically domestic) has used batteries (12/24v DC) because the owners have anticipated not just night time but cloudy days too.

With the inclusion of battery and no subsidy from government, will be solar panel still be a profitable option for mining?

LMGTFY

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Activity: 644

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Quote from: Bemerand on January 10, 2016, 10:03:04 AM

Big miners will not switch to solar power system for mining, as solar panel only works in day time. I most most mining farms move to use hydro power, which is more reliable.

Every solar setup I've seen (rural industries and boats, mostly, some urban, though typically domestic) has used batteries (12/24v DC) because the owners have anticipated not just night time but cloudy days too.

Bemerand

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Quote from: greBit on January 09, 2016, 05:26:32 AM

Quote from: Wilhelm on November 29, 2015, 07:31:26 AM

Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

And then the inevitable happens... the price rises .... and mining becomes profitable again.

That's how the cookie crumbles!!!

Price increasing good for bitcoin miners because If price increases according to their mining they get pay by blockchain. Only problem for bitcoin miners is electricity So nowadays big miners switched to Solar power system for mining. Once halving done price of the bitcoin will run like a rocket. And mining also will reduce accordingly.

Big miners will not switch to solar power system for mining, as solar panel only works in day time. I most most mining farms move to use hydro power, which is more reliable.

greBit

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Quote from: Wilhelm on November 29, 2015, 07:31:26 AM

Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

And then the inevitable happens... the price rises .... and mining becomes profitable again.

That's how the cookie crumbles!!!

Price increasing good for bitcoin miners because If price increases according to their mining they get pay by blockchain. Only problem for bitcoin miners is electricity So nowadays big miners switched to Solar power system for mining. Once halving done price of the bitcoin will run like a rocket. And mining also will reduce accordingly.

NanoPipe

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Quote from: Strongkored on January 06, 2016, 12:34:47 PM

Quote from: Wilhelm on November 29, 2015, 07:31:26 AM

Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

And then the inevitable happens... the price rises .... and mining becomes profitable again.

That's how the cookie crumbles!!!

The difficulty will rise again to make the mine less profitable, then the price rises again. This cycle continues.

The difficulty is predicted to rise 8.5% in 5 days. There are too many new miners coming to the farms.

Strongkored

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Quote from: Wilhelm on November 29, 2015, 07:31:26 AM

Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

And then the inevitable happens... the price rises .... and mining becomes profitable again.

That's how the cookie crumbles!!!

The difficulty will rise again to make the mine less profitable, then the price rises again. This cycle continues.

Wilhelm

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Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

And then the inevitable happens... the price rises .... and mining becomes profitable again.

That's how the cookie crumbles!!!

Auponef

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Quote from: Amph on November 27, 2015, 06:41:15 AM

Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

still profitable with the s7, you see above, i displayed a net profit of about 300 per month, removing 150, will give you a net of another 150

so unless we fall under 150+ it will be profitable for them to continue to mine

S7 is the most efficient miners. Avolon A6 is just below it. Haobtc mining has ordered a lot. It will increase the hashing to 20P early next year.

Bemerand

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Quote from: Amph on November 27, 2015, 06:41:15 AM

Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

still profitable with the s7, you see above, i displayed a net profit of about 300 per month, removing 150, will give you a net of another 150

so unless we fall under 1150+ it will be profitable for them to continue to mine

S7 is the most efficient miner so far. S5 is less efficient. But if your electricity is $0.05, you are still profitable with difficulty rise 20%.

Amph

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Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

still profitable with the s7, you see above, i displayed a net profit of about 300 per month, removing 150, will give you a net of another 150

so unless we fall under 150+ it will be profitable for them to continue to mine

Sibtalf

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Quote from: BTCish on November 20, 2015, 09:25:28 AM

Mining is still profitable for most (with low electricity rates), need to keep in mind that many do mining just for fun.

With the introduction of ASIC. No so many people mine for fun. Maybe 0.001 of hash power is from people for fun.

jaberwock

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Quote from: NanoPipe on November 26, 2015, 06:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

What is your source?

I think some at least have even less costs

blackmachinegun

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i never think that bitcoin will have end,whatever happen to this currency,i think it not make bitcoin over.
imagine that bitcoin is same with other crypto,even the price is down up to $1,i think bitcoin will never end or lost it users.

NanoPipe

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The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

Strongkored

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Quote from: BTCish on November 20, 2015, 09:25:28 AM

Mining is still profitable for most (with low electricity rates), need to keep in mind that many do mining just for fun.

For bitcoin, these guys have to buy the special equipment to mine btcoin. For other coins, people can use GPU.

Amph

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Quote from: Mickeyb on November 21, 2015, 08:58:53 AM

Quote from: Amph on November 20, 2015, 02:30:06 PM

Quote from: Mickeyb on November 20, 2015, 07:17:04 AM

Quote from: Amph on November 20, 2015, 03:52:03 AM

for miners they can take profit even below $100 per btc right no, just do the math

they run S5 in every farm already, and i can say that at least 20% or more is Ss7, but for the sake of putting us in the bad position we take into account s5 only

with a 0.05 in electricity(standard for every big farm) and 600w per S5, you have a mere consumption of $20 per month and a profit of 84 per month

a normal 1% farm have 3-4 tera which is 3463 S5, every single S5 is delivering a profit of around 60(84-20), so even if we fall to 100(1/3 of current price) you have still a profit of $7 per month(84/3-20), which is very bad yes but it's not negative

this with the s5, with the s7 the efficiency is greater(350(earning)-43(consumption) = 307 of net profit per month) so even with 1/3 of the value there is still $74 in profit(350/3-43) per month

Hmm, this is very interesting. I have always thought that $120-$150 is the limit for most of the miners but now you are saying that this is even under $100.

I guess that mining is still very, very profitable business!

yeah but only with the s7, and right now there is still some farm out there that need to switch asap or at least before the halving

and anyway i have not counted the initial investment, for the s7 which is bigger

Yes but aren't s7 considerably more expensive? This would take much longer for the farms to ROI?

yes but they need it to face the halving, i think many are still waiting with their s5 because there is still time, and they cna cut some investment by selling their s5 later

for every s7 you need to sell 4 s5 to have roughly the same hash, so half of the price of s7 is already payed with old miners

Mickeyb

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Move On !!!!!!

Quote from: Amph on November 20, 2015, 02:30:06 PM

Quote from: Mickeyb on November 20, 2015, 07:17:04 AM

Quote from: Amph on November 20, 2015, 03:52:03 AM

for miners they can take profit even below $100 per btc right no, just do the math

they run S5 in every farm already, and i can say that at least 20% or more is Ss7, but for the sake of putting us in the bad position we take into account s5 only

with a 0.05 in electricity(standard for every big farm) and 600w per S5, you have a mere consumption of $20 per month and a profit of 84 per month

a normal 1% farm have 3-4 tera which is 3463 S5, every single S5 is delivering a profit of around 60(84-20), so even if we fall to 100(1/3 of current price) you have still a profit of $7 per month(84/3-20), which is very bad yes but it's not negative

this with the s5, with the s7 the efficiency is greater(350(earning)-43(consumption) = 307 of net profit per month) so even with 1/3 of the value there is still $74 in profit(350/3-43) per month

Hmm, this is very interesting. I have always thought that $120-$150 is the limit for most of the miners but now you are saying that this is even under $100.

I guess that mining is still very, very profitable business!

yeah but only with the s7, and right now there is still some farm out there that need to switch asap or at least before the halving

and anyway i have not counted the initial investment, for the s7 which is bigger

Yes but aren't s7 considerably more expensive? This would take much longer for the farms to ROI?

jaberwock

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If less people mine, then the difficult will be lowered and will be less expensive to mine

Of course there will be problems during the adaptation phase and the network may be more vulnerable to attacks, but there always be people to mine if there is some demand

Amph

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Quote from: Mickeyb on November 20, 2015, 07:17:04 AM

Quote from: Amph on November 20, 2015, 03:52:03 AM

for miners they can take profit even below $100 per btc right no, just do the math

they run S5 in every farm already, and i can say that at least 20% or more is Ss7, but for the sake of putting us in the bad position we take into account s5 only

with a 0.05 in electricity(standard for every big farm) and 600w per S5, you have a mere consumption of $20 per month and a profit of 84 per month

a normal 1% farm have 3-4 tera which is 3463 S5, every single S5 is delivering a profit of around 60(84-20), so even if we fall to 100(1/3 of current price) you have still a profit of $7 per month(84/3-20), which is very bad yes but it's not negative

this with the s5, with the s7 the efficiency is greater(350(earning)-43(consumption) = 307 of net profit per month) so even with 1/3 of the value there is still $74 in profit(350/3-43) per month

Hmm, this is very interesting. I have always thought that $120-$150 is the limit for most of the miners but now you are saying that this is even under $100.

I guess that mining is still very, very profitable business!

yeah but only with the s7, and right now there is still some farm out there that need to switch asap or at least before the halving

and anyway i have not counted the initial investment, for the s7 which is bigger

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