Title: Min Mine Profit Poll Post by: bitboyben on November 02, 2012, 12:29:02 AM At what ROI would you stop investing in hardware?
Disregard the silly comments, feel free to add your own. Title: Re: Min Mine Profit Poll Post by: crazyates on November 02, 2012, 03:18:36 AM LOL no 2 votes for the same option. Nice.
Title: Re: Min Mine Profit Poll Post by: Unacceptable on November 02, 2012, 05:04:44 AM I don't plan to stop investing,just keep growing & growing 8) :D
With the reduction in power consumption,it is now possible for me to grow a mining farm :o Title: Re: Min Mine Profit Poll Post by: superfastkyle on November 02, 2012, 03:48:14 PM Am I the only one who thinks this is a stupid poll, what computer hardware (even asic) isn't going to depreciate at 20% or more a year?
Title: Re: Min Mine Profit Poll Post by: bitboyben on November 02, 2012, 09:23:39 PM Yeah maybe I should have added a few more profit margins above +20%. The other option was to make it a RIO and measure it in months, but the math is easier with percent. For ref I'd say 9mo ROI should be just above 20% I'm trying to construct a worst case scenario for my total hash rate increase charts. It may seem a bit to early to consider this but I appreciate the input. I guess the poll doesn't allow you to double vote on same item. When I started mining the price of BTC was $5 and ROI was 10-11mo for my equipment, IF I could keep the electricity use down. That was good enough for me, but mostly because I thought BTC was such a cool thing I had to be a part of it.
Title: Re: Min Mine Profit Poll Post by: superfastkyle on November 04, 2012, 12:59:10 AM I'm just saying that profits with bitcoin mining are really inflated because we love the idea so much. Mining equipment will have to pay itself back almost twice a year I think to be competitive for serious bitcoin miners. I think its safe to say each rig will cost you at least 20 hrs in labor a year after setup. Something will break. Heck one month I spent well over 100 dollars just shipping back rma's
Title: Re: Min Mine Profit Poll Post by: bitboyben on November 04, 2012, 01:54:46 AM Wow that sucks!
Maybe I should revise the title to revenue after power and hardware costs. |