Title: What is the cost of producing 1BTC? Post by: nandubatchu on October 29, 2015, 09:14:40 AM Can anyone give an approximate calculation of the expenditure on prodding one bitcoin at the current scenario?
Posted From bitcointalk.org Android App Title: Re: What is the cost of producing 1BTC? Post by: FanOfBtc on November 14, 2015, 08:25:43 PM Hi
The following are calculations taken $$ as reference Bitmain_AntMiner_S7_4860_GH/s Exchange Rate 1BTC = $329.28 Difficulty increment 2.96% Miner Cost $2,290 Hashrate 4,860 Gigahash per second Electricity cost per day $2.78 Estimate start mining date Nov-14-2015 During Bitcoin per day Revenue per day Income per day difficulty total day total BTC total Income amount to break even Nov-14-15 - Nov-23-15 0.0371 BTC $12.22 $9.44 65,848,255,180 10 days 0.37BTC $94.38 ($2,195.62) Nov-24-15 - Dec-07-15 0.0361 BTC $11.87 $9.09 67,797,363,533 24 days 0.88BTC $221.60 ($2,068.40) Dec-08-15 - Dec-21-15 0.035 BTC $11.53 $8.75 69,804,165,494 38 days 1.37BTC $344.04 ($1,945.96) Dec-22-15 - Jan-04-16 0.034 BTC $11.20 $8.41 71,870,368,793 52 days 1.84BTC $461.84 ($1,828.16) Jan-05-16 - Jan-18-16 0.033 BTC $10.88 $8.09 73,997,731,709 66 days 2.3BTC $575.13 ($1,714.87) Jan-19-16 - Feb-01-16 0.0321 BTC $10.56 $7.78 76,188,064,567 80 days 2.75BTC $684.04 ($1,605.96) Feb-02-16 - Feb-15-16 0.0312 BTC $10.26 $7.48 78,443,231,279 94 days 3.19BTC $788.70 ($1,501.30) Feb-16-16 - Feb-29-16 0.0303 BTC $9.96 $7.18 80,765,150,924 108 days 3.61BTC $889.23 ($1,400.77) Mar-01-16 - Mar-14-16 0.0294 BTC $9.68 $6.89 83,155,799,392 122 days 4.03BTC $985.75 ($1,304.25) Mar-15-16 - Mar-28-16 0.0285 BTC $9.40 $6.62 85,617,211,054 136 days 4.42BTC $1,078.38 ($1,211.62) Mar-29-16 - Apr-11-16 0.0277 BTC $9.13 $6.35 88,151,480,501 150 days 4.81BTC $1,167.22 ($1,122.78) Apr-12-16 - Apr-25-16 0.0269 BTC $8.87 $6.08 90,760,764,324 164 days 5.19BTC $1,252.39 ($1,037.61) Apr-26-16 - May-09-16 0.0262 BTC $8.61 $5.83 93,447,282,948 178 days 5.56BTC $1,333.99 ($956.01) May-10-16 - May-23-16 0.0254 BTC $8.36 $5.58 96,213,322,523 192 days 5.91BTC $1,412.12 ($877.88) May-24-16 - Jun-06-16 0.0247 BTC $8.12 $5.34 99,061,236,870 206 days 6.26BTC $1,486.89 ($803.11) Jun-07-16 - Jun-20-16 0.024 BTC $7.89 $5.11 101,993,449,481 220 days 6.59BTC $1,558.38 ($731.62) Jun-21-16 - Jul-04-16 0.0233 BTC $7.66 $4.88 105,012,455,586 234 days 6.92BTC $1,626.70 ($663.30) Jul-05-16 - Jul-18-16 0.0226 BTC $7.44 $4.66 108,120,824,271 248 days 7.24BTC $1,691.94 ($598.06) Jul-19-16 - Aug-01-16 0.022 BTC $7.23 $4.45 111,321,200,669 262 days 7.54BTC $1,754.18 ($535.82) Aug-02-16 - Aug-15-16 0.0213 BTC $7.02 $4.24 114,616,308,209 276 days 7.84BTC $1,813.51 ($476.49) Aug-16-16 - Aug-29-16 0.0207 BTC $6.82 $4.04 118,008,950,932 290 days 8.13BTC $1,870.01 ($419.99) Aug-30-16 - Sep-12-16 0.0201 BTC $6.62 $3.84 121,502,015,880 304 days 8.41BTC $1,923.77 ($366.23) Sep-13-16 - Sep-26-16 0.0195 BTC $6.43 $3.65 125,098,475,550 318 days 8.69BTC $1,974.86 ($315.14) Sep-27-16 - Oct-10-16 0.019 BTC $6.25 $3.46 128,801,390,426 332 days 8.95BTC $2,023.36 ($266.64) Oct-11-16 - Oct-24-16 0.0184 BTC $6.07 $3.28 132,613,911,583 346 days 9.21BTC $2,069.35 ($220.65) Oct-25-16 - Nov-07-16 0.0179 BTC $5.89 $3.11 136,539,283,366 360 days 9.46BTC $2,112.90 ($177.10) Nov-08-16 - Nov-21-16 0.0174 BTC $5.72 $2.94 140,580,846,153 374 days 9.7BTC $2,154.07 ($135.93) Nov-22-16 - Nov-23-16 0.0169 BTC $5.56 $2.78 144,742,039,199 376 days 9.74BTC $2,159.62 ($130.38) Title: Re: What is the cost of producing 1BTC? Post by: joyjeet on January 07, 2016, 10:43:14 AM Hi There
Saw your calculation, since the lines are jumbled up so am a bit confused with your calculation of profit, it would be nice if you can show the figures in an excel sheet and how you are calculating the profit. Also I would be interested to invest in bitcoin mining - so wanted to know whether your setup is in India ? You want to share your set up or can you guide me to set up a miner of my own ... Will look forward to hear from you and get some help with bitcoin mining ... fr33bitcoin at gmail dot com Title: Re: What is the cost of producing 1BTC? Post by: chronicsky on January 30, 2016, 03:08:30 PM Needed it for myself , so here it is...
Code: DURING Bitcoin per day Revenue per day Income per day Difficulty Total Days Total [btc] Total Income Amount to Break-even Title: Re: What is the cost of producing 1BTC? Post by: nichu on January 31, 2016, 04:08:22 PM @chronicsky,thats a neat chart mate.bottom line is you dont profit much unless you spend more money for the ASIC machines ;)
Title: Re: What is the cost of producing 1BTC? Post by: btvGainer on March 20, 2016, 09:39:21 PM @chronicsky,thats a neat chart mate.bottom line is you dont profit much unless you spend more money for the ASIC machines ;) How many ASIC machines do we exactly know to mine bitcoins profitably in India? I think electicity is cheapest in our country compared to many European countries so the cost of mining should be less hereTitle: Re: What is the cost of producing 1BTC? Post by: Goms on March 21, 2016, 12:36:34 PM @chronicsky,thats a neat chart mate.bottom line is you dont profit much unless you spend more money for the ASIC machines ;) How many ASIC machines do we exactly know to mine bitcoins profitably in India? I think electicity is cheapest in our country compared to many European countries so the cost of mining should be less hereThat means countries with low electricity costs will profit most from bitcoin mining, right? I am trying to learn what it is all about. Title: Re: What is the cost of producing 1BTC? Post by: nichu on March 22, 2016, 03:47:32 PM @chronicsky,thats a neat chart mate.bottom line is you dont profit much unless you spend more money for the ASIC machines ;) How many ASIC machines do we exactly know to mine bitcoins profitably in India? I think electicity is cheapest in our country compared to many European countries so the cost of mining should be less hereThat means countries with low electricity costs will profit most from bitcoin mining, right? I am trying to learn what it is all about. ok here is the slip calculations for you today price for one Bitmain machine is rupees 40118 INR , roughly you could make around 350 to 400 INR worth of BTC ,so in practice you will need 3 to 4 months to start profiting from the machine you purchased, and the difficulty will increase when a high power machine is released. it will be profitable if you could spend some money for sure , if not your return of interest is not that great. Title: Re: What is the cost of producing 1BTC? Post by: bitcoinisfurture on April 04, 2016, 09:36:56 AM Is anybody here mining the BTC?
Title: Re: What is the cost of producing 1BTC? Post by: bitcoinusd on July 24, 2016, 07:34:03 AM Is anybody here mining the BTC? I would also like to know if any body is doing it successfully from india.Title: Re: What is the cost of producing 1BTC? Post by: Digitalbitcoin on July 24, 2016, 03:32:55 PM I think in current situation mining of bitcoin is quite hard even not profitable as per considering ROI.
After halving already price of block reward is decreased by 50% so current reward for block is 12.5 BTC And other factors also impact on mining as Difficulty level, block height, increase in difficulty etc. Better way go for any other algo for mining other altcoins. this can give good revenue after exchanging altcoins against bitcoin. |