Huh? My electric bill is only about $150 per unit. And the unit will make more then $150 per month. In fact it will probably make well more then $2,000 worth in the first few months. Its the months afterward that is the question. Basically. Will the thing break even. And with the current price no. If bitcoin was to go up in price. Even to 550 it would make a profit. (Even with the price of power). I believe the price of BTC coin will go up in price. In fact it has to or else it will die. Within the next 6 months if the difficulty keeps going the way it is but the price stays the same even ASICs wont be energy efficient enough. That means that with the price will rise or BTC will die.
Thats why I am still mining with two others. I simply cannot plug this one in to anything.
Thats why I am still mining with two others. I simply cannot plug this one in to anything.
Incorrect. You are mixing BTC difficulty race with BTC utility.
The race WILL die. Be it that hardware cannot cope, electricity costs too much, all bitcoins are mined... whatever. It will end.
At that point the network hashrate will thrive only on fees, and difficulty will adjust (as it is intended) to make smoother transactions... a LOT faster than today. Faster transactions = more money for miners.
Bitcoin will die only when people lose faith in it... and there is no reason to! In fact it gets widely adopted each day
However, enough talking, if you happen to be interested in offers from the EU I'll gladly make one
Well I stand corrected. I had forgot about fees side of things. The is a lot more to CryptoCurrancy and its a good lesson to learn not to generalize.
Either cause yes I will take offers from EU. I was hoping only US because of shipping. But only two other people have put down offers. And I haven't heard back from them in over 24 hours.
