Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: egyasia.com on December 10, 2016, 11:17:07 PM



Title: Mining is over
Post by: egyasia.com on December 10, 2016, 11:17:07 PM
I think bitcoin mining is no longer profitable now in most countries due to the increase in difficulty level and increase in power cost?

what are your thoughts guys?

I have s9 here and I'm losing $$ .... the price of 1 kw is roughly 0.13 USD


Title: Re: Mining is over
Post by: philipma1957 on December 10, 2016, 11:37:36 PM
I think bitcoin mining is no longer profitable now in most countries due to the increase in difficulty level and increase in power cost?

what are your thoughts guys?

I have s9 here and I'm losing $$ .... the price of 1 kw is roughly 0.13 USD



why did you buy if your power is .13 usd?

it has been well documented that .08   is meh  and .06 is decent for earning money  you were not close at .13


Title: Re: Mining is over
Post by: nimogsm on December 10, 2016, 11:38:27 PM
in my country 1kw= 0.03 usd)


Title: Re: Mining is over
Post by: SEGMining on December 10, 2016, 11:39:22 PM
First post ever, declares mining dead.


Title: Re: Mining is over
Post by: cpfreeplz on December 10, 2016, 11:46:16 PM
Holy shit 13cents a KWH!? Your mining was dead long before the S9 became available so why did you even buy it!? Wow! Go to any calculator and it would have told you that!


Title: Re: Mining is over
Post by: philipma1957 on December 11, 2016, 02:27:38 PM
in my country 1kw= 0.03 usd)

Nice  you are lucky.


In my house 12.7 cents  So I mine gpu cards in the winter  the heat for my home and the coins I make a few bucks.



I have 2 hosting deals  with free power but 50-50 split on the coins.

 I have about 50th in the two spots.


Title: Re: Mining is over
Post by: hubballi on December 11, 2016, 02:42:09 PM
in my country 1kw= 0.03 usd)

Then i think you can start mining as your price is very low and if you can rent some 2 or 3 rigs then you can earn nicely, but if you can try to mine altcoin that will give you more profit


Title: Re: Mining is over
Post by: leowonderful on December 11, 2016, 09:51:12 PM
in my country 1kw= 0.03 usd)

Nice  you are lucky.


In my house 12.7 cents  So I mine gpu cards in the winter  the heat for my home and the coins I make a few bucks.



I have 2 hosting deals  with free power but 50-50 split on the coins.

 I have about 50th in the two spots.
Damn. I have 0.65$/kwh electricity here in Erie, PA. Got a single rx 470 in my gaming setup that's used for mining casually when I want, and a few other assorted S5-S3s for fun. Sounds like a great deal on hosting.


Title: Re: Mining is over
Post by: Deluka on December 12, 2016, 03:06:34 PM
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I think bitcoin mining is no longer profitable now in most countries due to the increase in difficulty level and increase in power cost?

what are your thoughts guys?

I have s9 here and I'm losing $$ .... the price of 1 kw is roughly 0.13 USD

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