What's your mining plan in terms of recouping fixed costs and electrical costs?

Vispilio

legendary

Activity: 2128

Merit: 1657

Quote from: Marvell1 on June 04, 2017, 10:28:21 PM

Quote from: Vispilio on June 04, 2017, 05:25:13 PM

I have a very simple plan for you.

Come to Turkey. I have free electricity, 24 / 7 security, and it would be a reasonable expectation for you to recoup your investment within 2-3 months.

On my free electricity setup I'm just charging 10 % of profits, we can set up everything for you in Turkei. Let me know.

Best,
Vispilio

lol so they can kiddnap u and cut off ur head? no thanks Ill keep my high electicity bills

Marvell you are totally delusional about Turkei... it has the 2nd greatest NATO army after the USA, and is much safer than most parts of Europe these days. Regardless, we have a shortage of GPU's here, so if anyone would like a free electricity setup and can get the RX580's shipped over here I would be happy to collaborate...

Liquid71

hero member

Activity: 835

Merit: 1000

There is NO Freedom without Privacy

I have unlimted plan till June 2018, only pay transmission costs so roughly 4.3c but after that Giga Watt hosting is my plan. There will always be proof of work coins to mine, and if you sell coins at the right time and hold when prices are low profit will follow.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Vispilio on June 04, 2017, 05:25:13 PM

I have a very simple plan for you.

Come to Turkey. I have free electricity, 24 / 7 security, and it would be a reasonable expectation for you to recoup your investment within 2-3 months.

On my free electricity setup I'm just charging 10 % of profits, we can set up everything for you in Turkei. Let me know.

Best,
Vispilio

lol so they can kiddnap u and cut off ur head? no thanks Ill keep my high electicity bills

Gunna01

sr. member

Activity: 306

Merit: 251

I have 2 Baikals, paid for in Dash I mined in 2015

They hit ROI in about 2 weeks, i've used their earnings to pay a couple of bills. I bought parts for a 3 card rig and will get more GPU's as they come back in stock. The money the baikals and eth rig make will pay of the credit card used to buy the parts. Once paid off, I will buy another one, pay off the credit card, rinse and repeat. After rig 3 i'll switch the baikals to savings mode. At all times 2 - 3 rigs will pay credit card and the others will drop off into savings mode depending on eth price.

Will pay power bill as it arrives, I have a large solar array that currently exports about 15kW a day(and I only get 8c per Kw from power company) so day time power will be free most days.

puwaha

sr. member

Activity: 700

Merit: 294

I'm sure there are plenty of good strategies out there, but with the profits we are seeing right now, I am planning on sending 50% of profits towards recouping costs of existing equipment, and 50% towards expansion. Any given month/week/day that may change, but that's where I am now. As older equipment reaches break-even the 50% of profits that went there, will get split between expansion and keeping coins for speculation... maybe a 75/25 split there.

ben8jam

full member

Activity: 196

Merit: 100

So let's pretend I can ship everything to turkey for free. Ten per cent is still more than I pay in electricity.

Profit per day
$ 33.89
Mined/day
Ξ 0.1465
Power cost/Day
$ 2.41

Vispilio

legendary

Activity: 2128

Merit: 1657

I have a very simple plan for you.

Come to Turkey. I have free electricity, 24 / 7 security, and it would be a reasonable expectation for you to recoup your investment within 2-3 months.

On my free electricity setup I'm just charging 10 % of profits, we can set up everything for you in Turkei. Let me know.

Best,
Vispilio

ben8jam

full member

Activity: 196

Merit: 100

Who here it is immediately paying off their fixed investment costs by cashing out either and then cashing out monthly for electricity costs?

Or who is investing cash and monthly electricity all into ether.

Conservative or aggressive?

Topic: What's your mining plan in terms of recouping fixed costs and electrical costs? (Read 652 times)