a single SP20 power cost .05 /kw -profitable?

[hertfordnc]

The subject says most of it.

I can get a SP20 for around $500. I  pay  .05/wh for 20 hours  per day.  For the other  four  hours  I pay .29/kw. 

could  I throttle the  power automatically so consumption  goes way down during  peak hours?

And at what future difficulty will that machine be obsolete?

[philipma1957]

The subject says most of it.

I can get a SP20 for around $500. I  pay  .05/wh for 20 hours  per day.  For the other  four  hours  I pay .29/kw.  

could  I throttle the  power automatically so consumption  goes way down during  peak hours?

And at what future difficulty will that machine be obsolete?

you need to turn it off those 4 hours.

As to profitable at 5 cents give me a minute or 2

BTW 500 usd is too much.

pretend you are 24 hours at 5 cents

pretend it is free not 500

 BTC = 450

if the difficulty is 8% it will earn .333 btc  by July 1 and then coins will half

[hertfordnc]

Ok,  what  is fair market value  for that unit?  I see them on  ebay for a few  dollars less but this is a nearby craigslist.

The 24 hour average for power is still  only $0.10/kw but it would better if the peak hours could be blocked out.

But from  my limited reading i understand  you  can set the processing speed and the power consumption.  What am  i missing?

[philipma1957]

Ok,  what  is fair market value  for that unit?  I see them on  ebay for a few  dollars less but this is a nearby craigslist.

The 24 hour average for power is still  only $0.10/kw but it would better if the peak hours could be blocked out.

But from  my limited reading i understand  you  can set the processing speed and the power consumption.  What am  i missing?

I ran 12 of them.  They can go as low as 1000 gh and about 480 watts

[mickiya]

The subject says most of it.

I can get a SP20 for around $500. I  pay  .05/wh for 20 hours  per day.  For the other  four  hours  I pay .29/kw.  

could  I throttle the  power automatically so consumption  goes way down during  peak hours?

And at what future difficulty will that machine be obsolete?

you need to turn it off those 4 hours.

As to profitable at 5 cents give me a minute or 2

BTW 500 usd is too much.

pretend you are 24 hours at 5 cents

pretend it is free not 500

 BTC = 450

if the difficulty is 8% it will earn .333 btc  by July 1 and then coins will half

0.333 btc is around $150. So it is not profitable to have that miner. It will not ROI even with 0.05 electricity price.

[hertfordnc]

0.333 btc is around $150. So it is not profitable to have that miner. It will not ROI even with 0.05 electricity price.

Ok then, what is the price of admission  for something that will have a reasonable ROI?  I have no delusions of striking it rich but i think bitcoin may be a good long term investment and   I think  mining could be a better strategy than straight buying

[philipma1957]

The batch 8 ant miner s-7

Is okay and may do well.

[notlist3d]

The batch 8 ant miner s-7

Is okay and may do well.

Those 4 hour's kinda kinda kill most miners as far as running during them.  A quick ROI on S7 B8 I think you could leave running and it will just make very very little but a few difficulty changes might change that.

Your best bet would be scheduling the miner to shut down during that 4 hour period.  I would suggest making sure off hours are right (include taxes and fees), as that to peak is just such a big jump.   I'm surprised at pretty good price going to insane high.

[adaseb]

Generally, its all a gamble.

If the price goes down, you will lose money.

If it stays the same, you will make very little.

If it goes up, you will make money.

[QuintLeo]

SP20 has an option to turn the voltages down, but the web interface for that is flaky and it doesn't work real reliably.

 Mine will hit 818 MH/s using 370 Watts at .59 volts, it wasn't reliable at any lower voltage.


 Probably best to find a way to shut it down during those horrible 4 hours of insane power pricing, as they kick your AVERAGE power cost up to 9c/KWH.

[hertfordnc]

 I'm surprised at pretty good price going to insane high.

It's a very  good  electric  coop.  THey charge  $0.11/kw all the time.

I am on a voluntary peak hours  program.   THey charge the higher  rate  from  0600 to  1000 in the winter when  people are warming their home,taking showers etc, and from 1400-1900 in the summer when the AC is on.   And it's only monday thru  Friday  so it's a good program if you're willing to manage it.

The average price around the clock it $0.10/kw.