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Title: Miners' USD price point for selling mined BTC Post by: TooDumbForBitcoin on April 13, 2014, 11:49:47 AM https://bitcointalk.org/index.php?topic=178336.msg6191139#msg6191139 (https://bitcointalk.org/index.php?topic=178336.msg6191139#msg6191139)
Quote the last time I checked,the amortized mining cost of 1 bit coin was 700 dollars using the latest cheapest equipment. the overwhelming bulk of all coin mining is being done with the latest cheapest equipment, as can be easily inferred from the hash rate graph. these coins will not be sold for less than $700 I can assure you Any miners have an opinion about this? (The quote is not mine.) Title: Re: Miners' USD price point for selling mined BTC Post by: jamesc760 on April 13, 2014, 01:27:55 PM I only sell my mined coins when the price is at or above $800/btc. Anything less, it's not worth it.
Title: Re: Miners' USD price point for selling mined BTC Post by: thresher on April 13, 2014, 01:34:40 PM I think it is a fair assessment, but if antminer s1's were in stock, and you bought one today that number would be in the 500s. The number could be lower if you actually trust calculators (I leave a nice margin of error by giving my self double the power costs, and increasing hardware price slightly.) Those numbers are on a break even 3-4 months point. Then again i'm holding mining funds, until it stabilizes around 700 anyways, granted at this rate that is probably not never :'(
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