Using Bitcoineval.com Profitability Evaluation website it claims I actually will lose money on them with an electric cost of .09. According to the calculations it's only worth it with a cost of .06 now
Could this be correct ? I must be doing something wrong, if not I just torched some cash.
Thanks
They ARE unprofitable at that high of electric cost, just checked using current stats and RIGHT NOW they are break-even at appx. 5.2 c/KWH - folks like me in VERY VERY CHEAP electric areas with rates less than that are still making money off them, but not by a lot.
At 9c/KWH you're burning almost twice as much in electric cost as those miners are managing to make in Bitcoin mined value.
An S9 should stay profitable for quite a while, even at 9c/KWH - just not VERY profitable - as diff increases are quite slow at this point and Bitcoin price seems to be recovering slowly from the recent exchange hack/theft.
Thanks for the input. I don't think any state in the US is cheap enough to run an S5+ anymore.