|
ammy009 (OP)
|
 |
June 08, 2015, 05:43:32 PM |
|
Hello guys,
I have a simple question. Please, answer ......
Nowadays what's the actual cost of mining 1 BTC ?
Please, I really need to know .
|
|
|
|
jonnybravo0311
Legendary
 Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
|
|
June 08, 2015, 05:52:53 PM |
|
Hello guys,
I have a simple question. Please, answer ......
Nowadays what's the actual cost of mining 1 BTC ?
Please, I really need to know .
That question is far too vague to provide you with any meaningful answer. How much hash rate would you have? Where would you point that hash? What hardware would you use? How much does power cost you? |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
|
|
|
valkir
Legendary
Offline
Activity: 1484
Merit: 1004
|
|
June 08, 2015, 07:06:38 PM |
|
Right now with 94 625 gh you will get 1 BTC a day!  Your question is not clear? Your price per kwh, do you hve gear, which gear do you want to buy ...... You should make some research you can find that easily!  |
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
|
|
|
|
anderson00673
|
|
June 08, 2015, 07:59:47 PM |
|
Start with your cost of electricity and then go from there. The equipment you can get varies quite a lot in power and efficiency. If you are interested in mining, but your electricity costs are too high, then you can go to hashnest and buy some hash there. But it has gotten really difficult for home miners to make a decent return.
|
|
|
|
|
crazyearner
Legendary
Offline
Activity: 1820
Merit: 1001
|
|
June 08, 2015, 10:10:13 PM |
|
Hello guys,
I have a simple question. Please, answer ......
Nowadays what's the actual cost of mining 1 BTC ?
Please, I really need to know .
On current diff you are going to need at least 100TH Simple calculation 95TH to make 1BTC 5TH to pay for energy used depending on location of the world. Might need more or extra TH to pay for energy used mining. You could go grab 50x s4+ Ant miners producing 2570GH/s each, giving you a total of 128.5 TH now factoring in 1,480W per device that is a nice wooping 74,000 Watts = 74 kW Equipment cost BTC 207.45 = $47,690 Hardware cost then some nice import tax depending on location of world or in same place as buying equipment and no import tax. And a nice chart to go with it  That is with $0.10 per kwh Even after 50 days your not even going to brake even even at 100 days no brake even unless 1 diff does not spike much as 20% or actually goes down might be in with a chance. Too much to risk and gamble might as well spend $ on BTC and trade it buying and then selling and taking profit off it and repeating process might take less time might take more time but least that way you dont need massive ammoutns of equipment and some serious cooling. |
|
|
|
valkir
Legendary
Offline
Activity: 1484
Merit: 1004
|
|
June 09, 2015, 02:38:29 AM |
|
Dont forget that diff is up by 2 to 5 % these day not 20%. Lets said you use S5. to get 100 th you need lets said 100 S5. At 0.51 watt/gh its does 50 000 watt. 1 S5 new is 340 USD so 34 000$  So you are still in trouble. To resume, 0.1$ is to expensive to mine. |
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
|
|
|
notlist3d
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
June 09, 2015, 03:15:29 AM |
|
This summer has actually been pretty great on difficulty. We have had more negatives, and no double digits. Compare last summer to this summer it's like night and day as far as difficulty changes. I am really happy as far as summer mining. Even this week as difficulty goes up the week before we get a negative - May 31 2015 47,589,591,154 -2.50% 340,659,563 GH/s . So keep that in mind when looking at this weeks change. All of them are at the bottom of - https://bitcoinwisdom.com/bitcoin/difficulty |
|
|
|
|
|
Bananana
|
|
June 09, 2015, 08:14:05 AM |
|
Hello guys,
I have a simple question. Please, answer ......
Nowadays what's the actual cost of mining 1 BTC ?
Please, I really need to know .
If you factor in the mining variable and fixed cost, the cost is probably 2 BTC for each BTC mined, not worth mining at home anymore. |
|
|
|
|
ammy009 (OP)
|
|
June 09, 2015, 11:38:18 AM |
|
Hello guys,
I have a simple question. Please, answer ......
Nowadays what's the actual cost of mining 1 BTC ?
Please, I really need to know .
If you factor in the mining variable and fixed cost, the cost is probably 2 BTC for each BTC mined, not worth mining at home anymore. If it costs 2 BTC (@ current rate 225 USD) to produce 1 BTC then the the current price of BTC should be at least 500 USD. |
|
|
|
valkir
Legendary
Offline
Activity: 1484
Merit: 1004
|
|
June 09, 2015, 12:22:30 PM |
|
If you factor in the mining variable and fixed cost, the cost is probably 2 BTC for each BTC mined, not worth mining at home anymore.
 Where do you take this? loll I do BTC and it does cost me more than what it bring me. You just need the good setup and the good price. Loll |
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
|
|
|
Xialla
Legendary
Offline
Activity: 1036
Merit: 1000
/dev/null
|
|
June 09, 2015, 01:54:18 PM |
|
Nowadays what's the actual cost of mining 1 BTC ?
there are so many factors and variables, that nobody can answer to this question correctly..sorry |
|
|
|
|
notlist3d
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
June 09, 2015, 02:06:11 PM |
|
Nowadays what's the actual cost of mining 1 BTC ?
there are so many factors and variables, that nobody can answer to this question correctly..sorry This is a broad anwser. There are 3 main types in my mind. This is home mining, hosted mining, and cloud. Each one is different and has pros and cons. I'm going to assume were talking about home mining. The first thing get your true electricity price (it's the price with taxes and other stuff on it). Next know if you pay a vat. Depending on this you might want to look into hosted miners/cloud. You can do calculations here - https://bitcoinwisdom.com/bitcoin/calculatorDifficulty has been pretty good this summer. So I'm happy there as a miner. I still think it's a good time to be a miner, I even made it with cooling where I could have more gear then previous summer. So far it's paying out. |
|
|
|
|
|
lovenlifelarge
|
|
June 26, 2015, 11:55:04 AM |
|
Last month didn't even make 1 btc, Made 0.9 btc with 3th (1 x S4 & 1 x C1) at 2300w....
In Australia electricity is super expensive in comparison to anywhere 0.20 a watt, When i hear u guys saying 0.10 a watt & less i cringe & i know i losing a never ending battle for BTC
Cost of my electricity at current in my circumstance is more expensive that coin generated at current diff & price of bitcoin.
|
|
|
|
valkir
Legendary
Offline
Activity: 1484
Merit: 1004
|
|
June 26, 2015, 02:56:14 PM |
|
Last month didn't even make 1 btc, Made 0.9 btc with 3th (1 x S4 & 1 x C1) at 2300w....
In Australia electricity is super expensive in comparison to anywhere 0.20 a watt, When i hear u guys saying 0.10 a watt & less i cringe & i know i losing a never ending battle for BTC
Cost of my electricity at current in my circumstance is more expensive that coin generated at current diff & price of bitcoin.
At 0.20 a watt get yourself a off grid system. You will ROI fast since you paid a lot for electricity. |
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
|
|
|
alh
Legendary
Offline
Activity: 1843
Merit: 1050
|
|
June 26, 2015, 05:27:26 PM |
|
Last month didn't even make 1 btc, Made 0.9 btc with 3th (1 x S4 & 1 x C1) at 2300w....
In Australia electricity is super expensive in comparison to anywhere 0.20 a watt, When i hear u guys saying 0.10 a watt & less i cringe & i know i losing a never ending battle for BTC
Cost of my electricity at current in my circumstance is more expensive that coin generated at current diff & price of bitcoin.
Just out of curiosity, was that .9 BTC figure, a "before electricity costs", or a "after electric costs" number? I ask because I thought that at $.20 per KWh rate, mining was losing proposition given current BTC price. |
|
|
|
|
philipma1957
Legendary
Offline
Activity: 4158
Merit: 8042
'The right to privacy matters'
|
|
June 26, 2015, 06:45:54 PM |
|
well you can spot rent from nicehash or westhash. and occasionally spend .97btc to earn 1.0 btc
I have done this a few times.
takes patience to wait for cheap rental prices.
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
July 22, 2015, 04:42:33 PM |
|
Last month didn't even make 1 btc, Made 0.9 btc with 3th (1 x S4 & 1 x C1) at 2300w....
In Australia electricity is super expensive in comparison to anywhere 0.20 a watt, When i hear u guys saying 0.10 a watt & less i cringe & i know i losing a never ending battle for BTC
Cost of my electricity at current in my circumstance is more expensive that coin generated at current diff & price of bitcoin.
Just out of curiosity, was that .9 BTC figure, a "before electricity costs", or a "after electric costs" number? I ask because I thought that at $.20 per KWh rate, mining was losing proposition given current BTC price. i guess it was before electricity cost, i check with these : https://alloscomp.com/bitcoin/calculator3th ==> per Month 0.89907827 BTC $250.85 so.... price of 0.9 btc if mined in one month 2,3 kw x 24 hours x 30 days x 0.2 electricity per kwh=== > 331 usd !!! EDIT : if electricity is cheaper like 0.15 then per btc is about 240 usd EDIT 2 : lovenlifelarge, you are doing it wrong, you better sell miner and buy bitcoin with that electricity prices... pls inform me if you want to sell your miner. thanks |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
|
|
|
xstr8guy
|
|
July 24, 2015, 07:13:00 AM |
|
This was a completely uninformed question that's impossible to answer. Why bother trying?
|
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
July 24, 2015, 07:27:52 AM |
|
This was a completely uninformed question that's impossible to answer. Why bother trying?
how come its uninformed ? the information is open to everyone... how much power you need to power 3 th miner, how many btc those 3th miner get in 1 month, and how much you pay for electricity to those miner... how come you said it was impossible to answer ? |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
|
|
|
xstr8guy
|
|
July 24, 2015, 07:32:22 AM |
|
This was a completely uninformed question that's impossible to answer. Why bother trying?
how come its uninformed ? the information is open to everyone... how much power you need to power 3 th miner, how many btc those 3th miner get in 1 month, and how much you pay for electricity to those miner... how come you said it was impossible to answer ? Read the original question again and tell it's not informed. Hello guys,
I have a simple question. Please, answer ......
Nowadays what's the actual cost of mining 1 BTC ?
Please, I really need to know .
There is none of the specificity that you implied in your response. The original question is indeed impossible to answer without guessing on the variables. Stupid question. And a complete waste of time trying to answer it. |
|
|
|
|
|
