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Message me if you're interested in getting miners on the cheap since the price of bitcoin is really low right now. I have ~20 S9's coming in March that I'm willing to sell at a huge discount at $2000 per S9, including APW3++ power supply, cables, and insured shipping - under the right circumstances.
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A mining operation consisting of $100,000 worth of miners could save up to $40,000/year by switching from an expensive $0.15/kWh electricity rate on the east coast of the USA to a cheap $0.04/kWh electricity rate on the west coast of the USA in Washington. For a relatively small mining operation (~40 ASIC'S), would this ever make sense? Being that small of an operation means you're not hiring a 24/7 on site support person - which would eat a lot of those profits - or building out a custom warehouse with high security, so would it ever make sense at that level to host your miners on the other side of the country with no one there to look out for them? Would the $40,000/year savings be worth it? Obviously just moving to Washington would solve this entire dilemma, but not everyone with families or work or friends and such would want to do that, when instead they could just travel out there when needed then return home.
A round trip ticket from the east coast USA to Washington including car rental, gas, and food for one day is only ~$500. Even if you had to visit your mining operation up to an unlikely, astounding three times per month for maintenance or immediate emergencies like flipping on tripped breakers would come out to ~$18,000 per year, even still netting you an additional $18,000 profit per year. Since it obviously - to me - makes sense from a monetary standpoint, it only comes down to deciding if it's worth your time. If you have a full time job obviously you can't be called away on a moments notice for 48 hours, but if you had a flexible job or no job at all, and didn't mind traveling like that, I wouldn't see the problem. I'm curious to hear what you guys think about it, or if anyone has any such experience with this.
edit: I didn't think of the rewards you could get from using a credit card that rewards air travel as well.
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Just as the title says, I'm curious about the point at which it's more profitable for a miner to solo mine rather than mine in a litecoin pool or on nicehash/prohash. If you have say 20 L3+ miners you're making about $2,500 per week - and according to the litecoinpool calculator - the probability of generating a block of 25 coins equaling $7,100 in 7 days is almost exactly 50%. So that leaves us with the question, does the 50% shot at $7,100 per week make it worth it to solo mine over a guaranteed $2,500 per week mining through a pool? And if not, what number of miners makes it worth it - if any number at all? Lets double that number to 40 L3+ miners, does that make it worth it? With 40 miners pool mining you're now looking at a guaranteed $5,000 per week, but solo mining you're looking at a near 75% chance of mining a block and making $7,100 per week. With 40 miners that's $20,000 guaranteed pool mining per month, or a 75% shot at $28,400 solo mining. Even if one week goes by and you don't mine a block solo mining, and you've mined one block every other week that month, you're looking at $21,300 which is still $1,300 more than if you were pool mining, and that's in the unlikely event that you don't mine a block one week (25% chance)! That doesn't even include the chance at finding extra blocks, with a near 50% chance of finding a block every 3 days!!! What do we think? I'm interested to hear what you all have to say! |
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It's apparent from these past few weeks that if bitcoin wants to remain the leader it needs to evolve. Today there are nearly 200,000 unconfirmed transactions. I would love to be able to see that number at 0, but it seems that no one can agree on what is best for the network, and so nothing is being done and people are paying ridiculous transaction fees.
What do you all think would be best for scaling the network?
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I really i don't get it, why is the price of this amazing technology still so low?
Any thoughts??
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do you think it is possible within a year?  |
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do you guys think it is possible?  |
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sometimes i get panic ,one day to die and not to exist anymore   |
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after mtgox we all know all centralized exchanger like bitstamp..etc could be all hacked.
do you think that decentralized exchanger like blackhalo, bithalo in the future will play a major role?
i think it is also very important for the chinese people ,should the government ban all exchangers.
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waht is your prediction for the price at the end of (2015)?
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