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you do realize that for people with free electricity, gpu mining will always be profitable, right?
Electricity is never free, there is always a cost somewhere to someone. And the more difficulty rises the less profit you make from puny GPUs, making that cost less bearable at whatever point it comes in from.
For me it doesn't matter if i use 1w or 1miljon miljons w. I pay the same no matter what, It is the company that i rent my apartment from that make less money. So i don't care about electric cost.
My 7970 brings in $135 per month not so much maybe but with only 3 of them running 24/7 my rent would be free
you do realize that for people with free electricity, gpu mining will always be profitable, right?
That's not true. If I buy a 7970 3 months from now and mine BTC, even with my free electricity I would probably lose more resale value in the card then I would be able to generate in BTC value. Only with the recent BTC price run has GPU mining stayed alive, otherwise everybody would be on a different coin.
Only the idiots who mine at a loss would mine BTC rather than just buy it for cheaper than electricity costs.
I bought a Asus gtx 680 3 months ago and sold it last week, i lost $95 on that. so resale value lost $32 per month but a 7970 card make $135 per month and it does not lose more value per month then a 680.
So you still have $100 profit
