Bitcoin Forum
May 27, 2024, 09:55:14 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1]
  Print  
Author Topic: Cost of Mining Altcoins Help  (Read 637 times)
Yololintian (OP)
Sr. Member
****
Offline Offline

Activity: 293
Merit: 250


View Profile
August 05, 2014, 06:56:06 AM
 #1

I'm interested in determining how much it costs to mine altcoins but I don't know too much about it. If anyone would like to share what they know about the subject that would be great. I understand there are many variables that affect the cost of mining alts, and there is no good way to get an exact answer for any given coin, but I'd like to determine a probable range. Maybe if you want to approach the problem for a specific alt, you could use an example. Specifically I am interested in determining how much it costs to mine Cryptonite at the moment, but I would like develop a general method for determining cost for any coin. Information about what type of miners people use, or resources that provide that sort of information would be useful to me.
yogibaer
Legendary
*
Offline Offline

Activity: 1131
Merit: 1001



View Profile
August 05, 2014, 11:58:05 AM
 #2

Basically it costs you the costs for power per KWh. Therefore you have to know how much Watts your miner takes. You can measure it with certain tools and calculate your daily power costs easily.

Beside the power costs you have one time costs for your hardware which might vary from 1.5k $-2k $ and up per miner.

How much you earn from any coin mining depends on lots of variables and may vary a lot.


Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!