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Author Topic: BTC mining profitability  (Read 1066 times)
menoiazei
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September 19, 2015, 07:57:16 PM
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Looking to invest in BTC mining,

got 5MWh coming from solar energy
what is the maximum electricity price that could be used from such a plant for generating bit coins in profitable way.
my cost for electricity cost is at 100euro/MWh.
Is that price acceptable?

Looking forward for feedback.

Many thanks!
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QuintLeo
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September 20, 2015, 12:13:11 AM
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I forget what the EU/USD exchange rate is, but assuming 1:1 that would be about 10 cents/KWH - and a bit on the expensive side to mine with at this time unless you can get your mining hardware CHEAP.
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September 20, 2015, 07:21:43 AM
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buy the best efficient miners out there which is the s7, so you can have more room on your electricity

with only 1 megawatt you can run around 800 antmienr s7, which is 33 btc daily of profit, but there is a tons of money to invest at the beginning
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September 20, 2015, 07:31:45 AM
 #4

Looking to invest in BTC mining,

got 5MWh coming from solar energy
what is the maximum electricity price that could be used from such a plant for generating bit coins in profitable way.
my cost for electricity cost is at 100euro/MWh.
Is that price acceptable?

Looking forward for feedback.

Many thanks!

How much space do you have? For a large mining operation, you need a significant amount of space to work with. I would recommend you to try to find    someone who is selling efficient ASIC for cheap, second hand is okay, just verify everything is working well. Alternatively, visit the computer hardware section, remember to use escrow if the person isn't trusted..














 

 

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Tupsu
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September 20, 2015, 11:07:23 AM
 #5

Looking to invest in BTC mining,

got 5MWh coming from solar energy
what is the maximum electricity price that could be used from such a plant for generating bit coins in profitable way.
my cost for electricity cost is at 100euro/MWh.
Is that price acceptable?


Looking forward for feedback.

Many thanks!


No, It is not acceptable for profit.

Do not forget , you pay the  tax  from miners 19-24% even before you begin mining.

And your cost of electricity is more expensive than hashnest.

www.hashnest.com

Antminer S7  4860 GHs
Price: 1923.0 USD(8.30659141฿)  Stock: 880
Power: 0.249w/GHS
Maintenance Fee:$0.0005796/GHS/Day

It all depends on how much you have own money to invest.

Do not forget that you can also lose the investment.

Overpriced solar electricity is not mining Resource...

It is too late. Bitcoin train has already traveled a long time ago from your station and have left the European Union.


usenet
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September 20, 2015, 01:26:20 PM
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Quick calculations show that your cost is approx. USD 0.08-0.09/1kWh depending on the ratio EUR/USD. This means that Hashnest is comparable when it comes to the cost of electricity.
Bringing something to the EU you pay VAT tax, which is 19% or more. You should add shipping and maintenance of the entire infrastructure. After a short calculation it is probably better to invest in Hashnest or in the data center with lower costs. Then you fall off those extra costs.
Electricity is electricity, here we are counting the costs so important is its price only.  It does not matter whether it comes from hydroelectric or coal, nuclear or wind farm.
One question remains: Is it still worth investing in mining at a price USD 0.10USD/1kWh even if you buy s7.
Kagekatsu
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September 20, 2015, 05:17:26 PM
 #7

Looking to invest in BTC mining,

got 5MWh coming from solar energy
what is the maximum electricity price that could be used from such a plant for generating bit coins in profitable way.
my cost for electricity cost is at 100euro/MWh.
Is that price acceptable?

Looking forward for feedback.

Many thanks!


It's not easy, miner cost and performance (say even build process, or new/used miner) can influence the final cost. Look for advices from the experts here, but make your own calcs with tools like http://www.coinwarz.com/calculators
menoiazei
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September 22, 2015, 10:56:16 AM
 #8

Thanks for the replies,,

Energy is already being sold to network...was wondering if is worth switching to BTC...
VirosaGITS
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September 25, 2015, 09:59:45 PM
 #9

Thanks for the replies,,

Energy is already being sold to network...was wondering if is worth switching to BTC...

No. With the added costs.. If you are selling at 0.1$/kWh, the added material cost you would itself need to ROI make this a waste of time, effort for the money you MIGHT profit back.

Basically just as 0.1$/kWh cost for miners pretty much make it pointless to mine, you being able to sell it at 0.1$/kWh means your odds of profiting more than what you're already selling your electricity at aren't worth building a mega datacenter to house thousands of miners.

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