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Title: Stop mining your ASICS (Avalon 741) Post by: Toughit on March 18, 2018, 04:04:49 PM It now makes more sense to stop mining your Avalon 741 and just purchase Bitcoin instead.
You would be better off spending the money you would use for electricity to run the miner, and just buy coin instead. The point of stopping the hardware varies for everyone and is based on: Price of electricity Pool fees Hash rate Bitcoin difficulty The price of hardware does not factor into this decision to mine or not mine. I have Avalon 741s, so my variables are: 7.4 ths $.15/USD/ kilowatt Electricity cost 2% fee at Slushpool $135/month of electricity burned/month for Avalon 741 The chart below shows that any time the price of Bitcoin drops below $8440, I should turn off the hardware and spend the money saved on electricity to purchase Bitcoin instead. www.whatotmine.com was used to calculate the prices. https://i.imgur.com/M4yqYdh.jpg How much bitcoin to buy while the Avalons sit idle? It works out to around 0.00053318 worth of Bitcoin per day per Avalon. ($135 electricity/$8440 bitcoin breakeven price/30 days in a month). This ONLY works if you have the discipline to actually buy bitcoin when its below the breakeven point. Obviously, if you dont buy, you will miss any rise in price of Bitcoin. The chart below shows the price to stop based on electricity cost (given the other assumptions). https://i.imgur.com/zda7AFg.jpg I just turned off my Avalons. Title: Re: Stop mining your ASICS (Avalon 741) Post by: Toughit on March 18, 2018, 04:16:28 PM Title: Re: Stop mining your ASICS (Avalon 741) Post by: MFTHC on March 18, 2018, 05:26:47 PM If the price of money goes up, it is also worth the loss, after all, some people have free electricity.
Title: Re: Stop mining your ASICS (Avalon 741) Post by: Yesterdam on March 18, 2018, 06:08:37 PM It now makes more sense to stop mining your Avalon 741 and just purchase Bitcoin instead. You would be better off spending the money you would use for electricity to run the miner, and just buy coin instead. The point of stopping the hardware varies for everyone and is based on: Price of electricity Pool fees Hash rate Bitcoin difficulty The price of hardware does not factor into this decision to mine or not mine. I have Avalon 741s, so my variables are: 7.4 ths $.15/USD/ kilowatt Electricity cost 2% fee at Slushpool $135/month of electricity burned/month for Avalon 741 The chart below shows that any time the price of Bitcoin drops below $8440, I should turn off the hardware and spend the money saved on electricity to purchase Bitcoin instead. www.whatotmine.com was used to calculate the prices. How much bitcoin to buy while the Avalons sit idle? It works out to around 0.00053318 worth of Bitcoin per day per Avalon. ($135 electricity/$8440 bitcoin breakeven price/30 days in a month). This ONLY works if you have the discipline to actually buy bitcoin when its below the breakeven point. Obviously, if you dont buy, you will miss any rise in price of Bitcoin. The chart below shows the price to stop based on electricity cost (given the other assumptions). I just turned off my Avalons. Can you undervolt your miner? If so, you might still make some profit by making the miner more efficient. Title: Re: Stop mining your ASICS (Avalon 741) Post by: Metroid on March 18, 2018, 08:26:13 PM This op guy is clever, yes, use the electricity money to buy it.
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