Topic: Still buying Hardware? - page 3. (Read 7137 times)

Ah nice 3 counties, Thanks now after I do the 3-4 hours of reading to collect ALL the facts and regs..  looks like 2 of them actually will deliver for under 0.05/KWh.. oh wait but then there are taxes, school levees, etc..  oh damn 0.08/KWH ugh.. why do you even respond?

I stand CORRECTED.. NOT!! and of course good luck finding a house there wired with 3 phase.. or grocery stores and forget about JOBS or a local ECONOMY.

ROFLMAO..  30PH a month huh, well hopefully you did not pay too much for those shares.

I don't appreciate you calling people retard.  The correct word is mentally-challenged.

Can you not count? Clearly I listed 3 separate counties making up a large part of Washington.

Washington is not the only place in the world with cheap electricity. You can find ~$0.05/kwh electricity all over if you look hard enough and using miners as space heaters can effectively reduce the electricity rate for most people. But clearly you don't actually care about mining, you just have some strange addiction to calling people retards.

I'm not here to promote AM hardware, I'm here to debate over speculation like everyone else. I hold so few AM shares that even if I was responsible for the sale of 1000 AM Prismas I doubt I would earn an entire dollar.

So you expect all miners to be in one tiny county?

Fcking retard, we all know you care so much about your shares, but at least make better BS to support your agenda.

its profitable if you get some cheap hardwares
you can get into bitcoin mining with low investment

http://www.douglaspud.org/pages/2013-rates-january-1-2013.aspx

http://www.chelanpud.org/rates.html

http://www.grantpud.org/customer-service/payments-billing/rates-and-fees

Well if you purchased 3 coins under 300 usd this weekend  and they are now 340 usd.

 you could argue buying 2 long tubes for heating works just as well as buying heaters. 

since the long tubes are 100% btc price.

  I can get 2 for 2.84 btc from canaryinthemine .

 so I can get about 3th for under 600 usd .  that is 20 cents a gh.



Here is the bottomline some miners can do a bit of home mining.
But home mining of btc will not ever be great as it was in NOV 2013.
I believe that if coins jump to 2000 diff will skyrocket because  Asicbuilders can add lots of hashpower quickly.

   

Um Yes Yes I have, building a 25KW farm there as I write AND AGAIN I say WHERE??

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

Maybe he meant INDUSTRIAL energy price, which takes a MASSIVE LOAD to get pricing there, with monthly minimums that would fry a cat. Reading the AM report on trying to save their ship would NOT include RESIDENTIAL rates.

Jimmothy is a shill no doubt and a LIAR to boot. Dude why do you open your mouth so much when it is obvious you do not have 1 clue about mining, why not just go shill the Prism or Tube, the adults are trying to speak...

HELLO MASTER NOOB, COMMANDER OF NOOB ARMIES

Here is one variable you will never get, why pay to heat your house when you can mine to do it? WINTER IS COMING AND ITS FUCKING COLD.

If you live in a warm climate, then bitcoin mining may not be for you.

99% of people actually buy heaters for the basement, garage, house, etcetcetc.  For the same price or a little more, ill buy a miner and heat my house.  win-win-win-win.

That's a pretty interesting calculator... at least they attempt to handle the flaws of other calculators by including parameters for non-static difficulty jumps and BTC prices.  Definitely not a perfect model, but better than most.

Have you tried looking in Washington?


See there's your problem. $0.1/kwh is far from the cheapest electricity and the S4 is far from the cheapest miner.

Here's an example where miners could turn a profit using a reasonably priced miner: http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=35661425924&dcosts=550&diff_mincrease=10&blpbtc=25&dhsmhs=1480000&diff_mincreasedecrease=5&btcusd=320&dpowcon=1100&btcusd_mincrease=1&pcost=0.05&calcweeks=32&dleadtime=0&action=calc

This was making ROI for bitmain when they developed it. Now its just dust maker and portable heater.

From his ass...

Use 0.1/kwh and 3% difficulty increase (Yes 3%) on the current S4, it can not even ROI.


Btw, hes an ASICMINER shareholder...... the fcker doesnt mine but want suckers doing it.

PLEASE!!!  Tell me where on Earth you can get residential service for a nickel a KWh? I have my miners packed..

The fees on my electric bill are 0.03/KWh on top of the 0.08/KWh for the juice.

Is that not exactly what you're doing by preaching your estimations that all miners are unprofitable as a fact?

Seems like the only thing you ever post is about how unprofitable mining is or about how someone is much less intelligent than yourself.

Here's a fun fact: For over 9 months people have been repeating the same worn out mantra that mining will be unprofitable yet anyone who started mining more than 3 months ago was able to turn a profit. (provided they bought the best priced hardware at the time)

I think most of the people saying mining will not be profitable are naively putting 15% average increases into a calculator and basing their conclusion entirely on that.

People seem to have the idea that large scale mining operations are completely immune to the dropping btc exchange rate and increasing difficulty. Just like everyone else, their profit margins will suffer meaning less money to reinvest in hardware.

Whether you are aware of it or not, the difficulty is in fact slowing down and eventually the market will reach equilibrium (1-3% avg increases) at which point home miners with electricity rates below $0.05/kwh will easily turn a profit. (unless ultra cheap ~0.1w/gh hardware comes out within the next few months)



Home mining is not dead, it's only dead for people with uncompetitive electricity rates.

Even with current BTC price I am still mining @ a profit on most of my hardware. S1's were the dream buy well over 160% ROI with the electric paid. 

• S2 B2 is @ 157% ROI w/ bills paid - 199Days and still "banking" 0.015BTC/ day for the next 2 weeks anyhow
• S2 B3 are @ 82% - 134Days
• SP10 GB are @ 62% - 133Days
• S3 B2 @ 101% - 76Days
• Tubes are 47% - 37Days

   

The prices being asked for new equipment is not able to be supported by a small business or individual miner. Thankfully the price drop, which I feel has much to do with the Russian law being discussed, will cause the manufacturers who have chosen to compete in mining to begin to slow their sale of BTC and begin holding it. This will change them from the blood sucking vampires they now are into promoters and supporters of BTC so that their investments are safe and they can be rewarded by a strong and useful block chain.

Else watch the Cork suckers race to the bottom and watch for the fire sales...  HAHA, reminds me of 2011-2012 when everyone was shutting down their GPU's, man did I feel smart in Nov 2013

 

I shrink my farm from 6k watts to 1.1kwatts and in 60-75 days I turn it off.

LOL in your wet dream.

That may be true for a home miner with a couple of S3s. But what about a home miner with a relatively large farm? I certainly can't justify or afford to pay my $1700 electric bill every month if I'm not making any money in return.

you missed the point.  small home miners will mine coins as a hobby, forever, because they believe in the idea, just like before.  big miners shut down when they cant pay their bills.