Title: breakdown of mining costs Post by: entamos on January 22, 2019, 08:23:35 AM Hi - there
I would like to ask for a general breakdown of mining costs (for bitcoin) if anyone has experience with this. How much goes on electricity and how much goes on hardware ? How often do you need update the hardware, is it once a year, once every two years? Thanks in advance G Title: Re: breakdown of mining costs Post by: Steamtyme on January 22, 2019, 11:15:33 AM https://bitcointalk.org/index.php?topic=4636521.0
Here's a good place to get started. It outlines what you need to consider before getting started. Basically your cost is for your hardware, then whatever power it takes to run the gear, at your local electricity rates. As for how often you need to upgrade. I'd say it's a necessity once your gear is unprofitable/obsolete. This point is different for everyone based on electricity rates and Diff increases, against current price. Title: Re: breakdown of mining costs Post by: veleten on January 22, 2019, 02:39:44 PM you could ask this guy: https://bitcointalk.org/index.php?action=profile;u=64507 , philipma1957
he is pretty good at calculating this sort of things or read his posts, he runs a rather effective solar array and some miners you can have a look here : https://whattomine.com/asic this will give you an up to date rundown on the costs and profitability of the equipment and to be thinking of mining at the moment is slightly optimistic, unless you expect bitcoin price to go to at least 6.500$ levels anything lower than that and electricity costs of over 4-5 cents makes mining unprofitable Title: Re: breakdown of mining costs Post by: philipma1957 on January 22, 2019, 05:52:46 PM mining is like the tide
low tide = low profit high tide = high profit. it is low tide right now. so the single most important thing in low profit times = power costs. So the number one question for you what does power cost you? if you are above 10 cents a k-watt do not get involved with a lot of gear. the 3 best miners right now are: bitmain s15 1250 usd plus tax plus shipping this makes a little if you have 10 cent power bitmain t15 whatsminer m10 799 usd no tax to use if you buy 1 with shipping it is 880 this is in the red if you have 11 cent power on efficient setting |