But the answer to your question, I guess someone is paying. Do you live in the US and pay taxes? Then I want to thank you for your continuing (indirectly) support of my electrical use.
Topic: Will you mine at a loss? (Read 3038 times)
Been mining for months, never a word and I'm not expecting any either especially since I've been living here for years. What's funny is electric use from my actual bitcoin machines is not even the bulk of my electric use. Like I said before (since Angelus has so kindly commented on the same thing from earlier forum posts), I have plenty of other machines at my home which are using more electric then my bitcoin boxes. I've had to kill-o-watt them out to make sure my circuits are safe and balanced to prevent them from tripping. And those have been running 24/7 for years, again without problems and even approval from the only people who care.
But the answer to your question, I guess someone is paying. Do you live in the US and pay taxes? Then I want to thank you for your continuing (indirectly) support of my electrical use.
But the answer to your question, I guess someone is paying. Do you live in the US and pay taxes? Then I want to thank you for your continuing (indirectly) support of my electrical use.
and even if you had solar panels, you had to pay for them, too, and won't recover the cost to "free" for a few years....
That said, I'm trying to talk my wife into letting me get like 3 MW worth of solar panels
That said, I'm trying to talk my wife into letting me get like 3 MW worth of solar panels
Good luck. i am still trying to talk my wife in to letting me use one room for mining.
and even if you had solar panels, you had to pay for them, too, and won't recover the cost to "free" for a few years....
That said, I'm trying to talk my wife into letting me get like 3 MW worth of solar panels
That said, I'm trying to talk my wife into letting me get like 3 MW worth of solar panels
So how can I answer? Will I mine at a lose? No.
But I will still mine FOREVER! mwahhhhh
Since I have free electric and already running dozen of boxes, they just chug away in my currently spare room (with the air conditioning there on 24/7 as well) out of sight and out of ear range.
I guess it'll become 'unprofitable' to me if/when bitcoin hits zero. I'll end up stopping when I want my spare room back tho.
But I will still mine FOREVER! mwahhhhh
Since I have free electric and already running dozen of boxes, they just chug away in my currently spare room (with the air conditioning there on 24/7 as well) out of sight and out of ear range.
I guess it'll become 'unprofitable' to me if/when bitcoin hits zero. I'll end up stopping when I want my spare room back tho.
Unless you have solar panels, SOMEONE is paying for it, and they're not going to like it when they get their first electric bill since you added a dozen rigs (plus extra A/C) to your normal electric usage.
So how can I answer? Will I mine at a lose? No.
But I will still mine FOREVER! mwahhhhh
Since I have free electric and already running dozen of boxes, they just chug away in my currently spare room (with the air conditioning there on 24/7 as well) out of sight and out of ear range.
I guess it'll become 'unprofitable' to me if/when bitcoin hits zero. I'll end up stopping when I want my spare room back tho.
But I will still mine FOREVER! mwahhhhh
Since I have free electric and already running dozen of boxes, they just chug away in my currently spare room (with the air conditioning there on 24/7 as well) out of sight and out of ear range.
I guess it'll become 'unprofitable' to me if/when bitcoin hits zero. I'll end up stopping when I want my spare room back tho.
I will mine at a loss, yes. I was already "mining" SETI@home and then later folding@home, so doing bitcoins is already better so long as it trades (for me), more than a penny per coin.
I just do it on my gaming rig, so I mine when I'm not gaming. Matter of fact, bitcoins is slowly helping me fund an awesome gaming rig
I just do it on my gaming rig, so I mine when I'm not gaming. Matter of fact, bitcoins is slowly helping me fund an awesome gaming rig
I'll keep going until something fries or catches fire! 
Elec is free, will need heat in the winter anyway, so no reason to stop...
I basically switched over my folding@home hardware over to this so yeah, I'll keep doing it for a while. It's possible that Bitcoin will take off but if it doesn't it was still fun to help out an experiment of this magnitude.
It's a hobby for me as well, but I would be lying if I didn't admit that the current price drop is bothering me. Was hoping to cash in a few to get a nice b.day gift for my wife that is turning 40 next week. Looks like this isn't going to happen. I mined half and bought half my stash around $13.5 and need to get my value out of it, so am currently holding...
I'm not mining for the profit, I'm doing it for the technical tweaking.
if it cost me less to buy BTC than the electricity it cost. What do you think I'll do ?
There is no mention of difficulty so this survey is invalid.
There is no mention of difficulty so this survey is invalid.
Obviously as this was posted today, I am asking in regards to the difficulty as of this posting.
I'm currently mining about 150 Bitcoins per day on my Core i7-920. It costs me approx $1 per day in electricity to leave my machine on and Bitcoins trade at $.005 each. So I'm getting about $.75 worth of Bitcoins per day for a $.25 per day loss. Screw this. It's not even worth it I'm out.
Peace,
Early adopter
Peace,
Early adopter
yeah, it does not make sense to mine, actually, in that situation. It'd make more sense to use the money that you pay for electricity and buy the coins directly.
I'm currently mining about 150 Bitcoins per day on my Core i7-920. It costs me approx $1 per day in electricity to leave my machine on and Bitcoins trade at $.005 each. So I'm getting about $.75 worth of Bitcoins per day for a $.25 per day loss. Screw this. It's not even worth it I'm out.
Peace,
Early adopter
Peace,
Early adopter
I'm currently mining about 150 Bitcoins per day on my Core i7-920. It costs me approx $1 per day in electricity to leave my machine on and Bitcoins trade at $.005 each. So I'm getting about $.75 worth of Bitcoins per day for a $.25 per day loss. Screw this. It's not even worth it I'm out.
Peace,
Early adopter
Peace,
Early adopter
if it cost me less to buy BTC than the electricity it cost. What do you think I'll do ?
it costs less to make a sandwich than it does to buy one.
people pay for convenience, and I'd say if you already have a mining rig completely set up, then continuing to pay for electricity would be far more convenient than trying to buy (especially if you've never bought before).
if it cost me less to buy BTC than the electricity it cost. What do you think I'll do ?
it costs less to make a sandwich than it does to buy one.
people pay for convenience, and I'd say if you already have a mining rig completely set up, then continuing to pay for electricity would be far more convenient than trying to buy (especially if you've never bought before).
if it cost me less to buy BTC than the electricity it cost. What do you think I'll do ?
There is no mention of difficulty so this survey is invalid.
There is no mention of difficulty so this survey is invalid.
<-- In it for the long haul.
Just wondering when you guys will call it quits or how many of you will consider further investing in mining btc past the negative profit mark.
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