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Title: Does it pay to mine in Denmark (0.35 $ / kWh)? Post by: klausenbusk on February 07, 2012, 04:18:58 PM Hello
The question is simple, can it pay to mine in Denmark (in a pool)? Title: Re: Does it pay to mine in Denmark (0.35 $ / kWh)? Post by: terrytibbs on February 07, 2012, 04:32:12 PM Calculate for yourself: http://bitcoinma.appspot.com/
Title: Re: Does it pay to mine in Denmark (0.35 $ / kWh)? Post by: BinaryMage on February 07, 2012, 04:33:52 PM Hello The question is simple, can it pay to mine in Denmark (in a pool)? Depends on the price of Bitcoin, the difficulty level, and the efficiency of your hardware. Right now, GPU mining is not going to be profitable for you, but FPGA mining would. Mining calculators like this one (http://bitcoinx.com/profit/) might be useful, though remember they're just estimates. Title: Re: Does it pay to mine in Denmark (0.35 $ / kWh)? Post by: klausenbusk on February 07, 2012, 04:50:31 PM @BinaryMage and @terrytibbs
It seems like i will lose -0.76$ per day, if i mine :( But what is FPGA? I don't understand what i find on google. Title: Re: Does it pay to mine in Denmark (0.35 $ / kWh)? Post by: terrytibbs on February 07, 2012, 05:07:00 PM But what is FPGA? I don't understand what i find on google. FPGA hardware is more expensive for mining than an equivalent GPU, but power consumption for FPGAs can be nearly an order of magnitude less.Great for your situation, but still not ideal! Mining is a very competitive business, and if you have two-or-three times the electric rate of another miner, you are at a disadvantage from the start. Title: Re: Does it pay to mine in Denmark (0.35 $ / kWh)? Post by: someone703 on February 07, 2012, 05:45:31 PM Yea, with FPGA (if I recall correctly) you'd be looking at paying like double what you would for a comparable mhash/s GPU but the kWh usage is like 1/10th of the usage making it much more efficient.
I've never really seen any mention how likely or easily one could resell their FPGA at a later date though since it seems to be very much a niche product. With GPUs you can resell to other miners or other gamers. Title: Re: Does it pay to mine in Denmark (0.35 $ / kWh)? Post by: BinaryMage on February 08, 2012, 01:51:49 AM GPUs indeed have more resale value, though for you they would lose money. Honestly, I would recommend waiting at this point. FPGA mining may become viable for you in the future, but the ROI is pretty far out unless you build a DIY one, and without any prior experience I doubt you'd want to take that on.
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