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1  Bitcoin / Mining speculation / Re: a single SP20 power cost .05 /kw -profitable? on: December 26, 2015, 05:36:57 PM
 I'm surprised at pretty good price going to insane high.

It's a very  good  electric  coop.  THey charge  $0.11/kw all the time.

I am on a voluntary peak hours  program.   THey charge the higher  rate  from  0600 to  1000 in the winter when  people are warming their home,taking showers etc, and from 1400-1900 in the summer when the AC is on.   And it's only monday thru  Friday  so it's a good program if you're willing to manage it.

The average price around the clock it $0.10/kw.

 


2  Bitcoin / Mining speculation / Re: a single SP20 power cost .05 /kw -profitable? on: December 26, 2015, 02:40:26 AM

0.333 btc is around $150. So it is not profitable to have that miner. It will not ROI even with 0.05 electricity price.

Ok then, what is the price of admission  for something that will have a reasonable ROI?  I have no delusions of striking it rich but i think bitcoin may be a good long term investment and   I think  mining could be a better strategy than straight buying
3  Bitcoin / Mining speculation / Re: a single SP20 power cost .05 /kw -profitable? on: December 25, 2015, 02:12:05 PM
Ok,  what  is fair market value  for that unit?  I see them on  ebay for a few  dollars less but this is a nearby craigslist.

The 24 hour average for power is still  only $0.10/kw but it would better if the peak hours could be blocked out.

But from  my limited reading i understand  you  can set the processing speed and the power consumption.  What am  i missing?



4  Bitcoin / Mining speculation / a single SP20 power cost .05 /kw -profitable? on: December 25, 2015, 05:48:38 AM
The subject says most of it.

I can get a SP20 for around $500. I  pay  .05/wh for 20 hours  per day.  For the other  four  hours  I pay .29/kw. 

could  I throttle the  power automatically so consumption  goes way down during  peak hours?

And at what future difficulty will that machine be obsolete?

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