Is there any news on the delivery dates for the Neptunes for the various group buys?
I haven't done the sums yet but at the current rates (increasing difficulty combined with a falling BTC value) GB1 looks like it will become uneconomical quite soon, and presumably the others will follow.
OK, I have done some sums and estimates of future earnings and they don't look pretty.
Using the following assumptions:
1. hashrate remains constant (that is to say I am considering the AntMiners only and ignoring the effect of the Neptune when it comes online)
2. current downtrend of earnings continues - the three week average gives week N+1 earnings = 90.1848% of week N earnings
3. current BTC $ value remains constant (ha ha!); I used a Coindesk value of $573.00, earlier today, 26 Feb
My projection is:
A. we have 9 more weeks of profitable mining until AntMiner hosting costs exceed weekly return
B. aggregate return over those 9 weeks = BTC 0.05184544 / share
We
really need to see the Neptune come into the picture - do we have any information on when it or its hashes are due?
Happy to share the full calculations if people are interested.
Please give us some insight in your calculations. A revenue of only 0.05184544btc per share is really not much and would mean that this GB would have be getting only 300 x 0.05184544 = 15.55 NET earnings in the comming 9 weeks.
Total weekly hosting cost for this GB is 4.49 x 300 = $1347 with btc@573 that means 2.35btc of hosting costs per week. Which is ofcourse huge. Making the expected gross revenue of 9x 2.35 = 21.15 + 15.55 = 36.7btc
So in your calculations you expect this GB to mine about 36.7btc the comming 9 weeks?
IF KNC is delivering their first batch of Neptunes as promised (before 31st of March) than we should receive this unit around the time these ANTs are getting obsolete.
Personally I did not look into the hosting costs that much before and thought these were $4,49 a share per month instead of per week! Probably thought this because it said, first month of hosting free, afterwards 4,49 a/share (per week). Must say that the hosting cost for just 1 ANT is quite huge @194.56 USD a month.
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