240$ you'll break even in one year with 10% monthly increase.
152$ you'll break even in one year with 21.5% monthly increase. (3300 Ths)
... electricity free,
Topic: USD You Would pay for 1 GH/s Right Now - page 2. (Read 9670 times)
What I meant is .. if I want to waste $1000, I could buy a few K16 right now, or buy 10 Bitcoins. If I believe I can mine more then 10 Bitcoins over the next few years , then Id rather gamble on the mining then the Bitcoins themselves.
If your talking about Hundreds of thousands of dollars, then yes it may make more sense just buying BTC. but for such a low entry point, its a toss up
kosta
If your talking about Hundreds of thousands of dollars, then yes it may make more sense just buying BTC. but for such a low entry point, its a toss up
kosta
So no one's willing to speculate that one day , maybe 1 year from now, maybe 5, that BTC will be worth 10X that? If thats the case, then you have a more viable solution.
It doesn't matter how much BTC is worth in the future (assuming that the value rises). The choice is between buying X BTC and buying a miner that earns Y BTC. If X is more than Y then you should keep the BTC and forget the miner.
Nobody says that mining is dead. GPU mining is dead (or nearly dead) and hobbyist mining is struggling, but mining overall is stronger than ever.
So no one's willing to speculate that one day , maybe 1 year from now, maybe 5, that BTC will be worth 10X that? If thats the case, then you have a more viable solution.
Case in point, I have a 401K that I will be holding on to for 30+ years .. at that time, I can expect a large retirement fund .. In other words, If BTC fails, does it matter I spent $1k Today, to possibly make $30K in a few years with the coins I mined?
Secondly, People that say mining is dead, are way off. Do they not think that there won't be other ASICs that get built that are more powerful / less power? Obviously that will be the case and the cycle will just repeat it self.
Kosta
Case in point, I have a 401K that I will be holding on to for 30+ years .. at that time, I can expect a large retirement fund .. In other words, If BTC fails, does it matter I spent $1k Today, to possibly make $30K in a few years with the coins I mined?
Secondly, People that say mining is dead, are way off. Do they not think that there won't be other ASICs that get built that are more powerful / less power? Obviously that will be the case and the cycle will just repeat it self.
Kosta
Given an increase in difficulty of 10% every two weeks, 1 GH/s will earn at most 2.5 BTC. The actual increase is more likely to be around 20%, and at that rate 1 GH/s will only earn about 1.4 BTC.
So, I would pay no more than 0.7 BTC (currently around $67) for 1 GH/s.
So, I would pay no more than 0.7 BTC (currently around $67) for 1 GH/s.
You are asking two different things here.
You should be asking how many btc somehow would pay for 1 GH/s.
Mining returns btc, not dollars.
You should be asking how many btc somehow would pay for 1 GH/s.
Mining returns btc, not dollars.
If you pay 50 bucks for the miner it might take 3 months to gain profit.
But so what? It's still your own hard earned bitcoins right?
But so what? It's still your own hard earned bitcoins right?
$45 per GH/s. If of course your'e doing it as a hobbyist, an idealist or a believer this is the next big thing forever, measuring what you would pay in BTC or USD is irrelevant. If paying for things and having an actual operating market that involves currency that has value is something you're interested, measuring it in USD or a local currency is pretty important at this point.
1 gh/s will only net about .45 bitcoins a month at the current difficulty (that will change fast) - there would be no net profit - it would be easier to simply buy btc for USD. The value of mining comes in the residuals after the equipment has paid for itself
$45 per GH/s. If of course your'e doing it as a hobbyist, an idealist or a believer this is the next big thing forever, measuring what you would pay in BTC or USD is irrelevant. If paying for things and having an actual operating market that involves currency that has value is something you're interested, measuring it in USD or a local currency is pretty important at this point.
Considering a Gpu rig at 1k will cost around $500, $300
For every winner there have to be some loosers right? The money has to come from somewhere.
That's not exactly right, and it depends on what you are talking about when you say "money". Bitcoins, by definition, are created out of compute power, there are no "losers". Wealth can rise or fall without any corresponding loser or winner. During the financial crisis, there were FAR more losers than winners, as another example.
What price per GH/s is worth it to purchase right now?
With this calculator http://www.alloscomp.com/bitcoin/calculator using a BTC price of 75 USD and current difficulty one GH/s will mine $53 in a month. How should one project out after that to account for the rise in difficulty? Just half the dollar amount to account for a doubling of diff every month?
$50 month 1, $25 month 2, $12 month 3, $6 month 4, $3 month 5, $1 month 6 ?
Is 1 GH/s only worth about 100 USD right now, or is my admittedly very crude estimation too pessimistic?
With this calculator http://www.alloscomp.com/bitcoin/calculator using a BTC price of 75 USD and current difficulty one GH/s will mine $53 in a month. How should one project out after that to account for the rise in difficulty? Just half the dollar amount to account for a doubling of diff every month?
$50 month 1, $25 month 2, $12 month 3, $6 month 4, $3 month 5, $1 month 6 ?
Is 1 GH/s only worth about 100 USD right now, or is my admittedly very crude estimation too pessimistic?
I think it comes down to how long will it take you to pay off the rig, then you calculate electricity vs coin value. A safe number is probably how much you can get in 30 days, so $53. Since difficulty changes 2-3 times a month, you should be able to get it paid for in under 2 months. Then calculate how much electricity costs and calculate at what difficulty level and estimate price would you need to shut down the device. If you have free electricity, you are lucky and should just get the unit paid off and run it til it dies.
My rig is paid off and if I had to pay for electricity, it would probably be off (or sell the parts and purchase coins). I think that is the other piece of the puzzle. Once you can't run it-- being able to sell the components is a great thing. Probably can't sell an asic which cost more to run than what it mines but you can with each computer part. (then again, the USB Block Erupters are selling even through it doesn't make much sense. When I saw them sell for $400 each, I couldn't believe my eyes) I recently saw a BFL 60GH/s sell for 153 BTC. How crazy is that? Not sure where I'm going with this...
Short answer = whatever 1GH/s can get you in 30 days.
~$50 to have it in hand today.
As far as profit goes, do you know what happens when everyone decides "this just isn't worth it!" at the same time and shuts down their devices? Reward goes up for those who decide to keep going.
Do you have any idea how many asic are getting ready to be delivered ?
The only one who will decide it's not worth it are those with gpus (their reward will go down if they keep mining) and they will switch to lightcoin that is 30% more profitable.
I spent $229 on 1GH/s earlier today.
Why? Because aside from mining for the coin, I'm mining to keep Bitcoin running.
As far as profit goes, do you know what happens when everyone decides "this just isn't worth it!" at the same time and shuts down their devices? Reward goes up for those who decide to keep going.
Yes, it will still end up with very expensive devices having a lot of control, and people with free electricity. But that's okay.
Why? Because aside from mining for the coin, I'm mining to keep Bitcoin running.
As far as profit goes, do you know what happens when everyone decides "this just isn't worth it!" at the same time and shuts down their devices? Reward goes up for those who decide to keep going.
Yes, it will still end up with very expensive devices having a lot of control, and people with free electricity. But that's okay.
If they were available right now I will pay $50-70 per GH, every week that goes by I would reduce that by $10....
Probably 1 GH/s = 1 BTC
This question really should be phrased as "BTC you would pay for 1 GH/s right now" because miners return bitcoins, not us dollars.
Since this thread has been posted the exchange has dropped by 30% maybe the first part of this thread completely useless.
Those who would pay $100 for 1 GH/s before would only pay $75 now.
I wouldn't pay more than 1 2/3 BTC per GH/s right now. Break even point is probably a bit higher, maybe 2 BTC per GH/s
That makes a 80GH/s Avalon worth about 133 BTC, and a 5 GH/s Jalapeno worth about 8.33 BTC
That comes out to be about $115/GH/s at present exchange rates.
Since this thread has been posted the exchange has dropped by 30% maybe the first part of this thread completely useless.
Those who would pay $100 for 1 GH/s before would only pay $75 now.
I wouldn't pay more than 1 2/3 BTC per GH/s right now. Break even point is probably a bit higher, maybe 2 BTC per GH/s
That makes a 80GH/s Avalon worth about 133 BTC, and a 5 GH/s Jalapeno worth about 8.33 BTC
That comes out to be about $115/GH/s at present exchange rates.
Another 2 cents :
Around 50$
Around 50$
If mining isn't profitable, how come people still are mining with GPU's?
Some people are still mining with CPUs, I'm sure.
Reasons (all a risk) for mining with GPUs, I assume:
1. Even if paying for electricity, you are still today making more than electricity costs of running GPUs. This does not account for hardware costs. I don't know where the tipping point is but I think somewhere with BTC dipping below $50, at current difficulty.
2. Not everyone pays for their electricty.
3. You can be losing money today, but believe that BTC will some day be worth $100, $1000 or even $10000.
4. If you can't do math but everyone's hyping about it like they are, you can believe it is all profitable.
5. It is still possible (just not probable) that difficulty will go down. And GPU mining will be rejuvenated again.
etc etc
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