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Author Topic: Will it still be profitable to mine Bitcoin in the future?  (Read 1204 times)
ranochigo
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November 07, 2015, 10:22:51 AM
 #21

It will still profitable in the future if there's new asic miner that has low power consumption.That can use us even in my country Just like an avalon 4.1 has low power consumption but still not recommended in my country. My current rate is around $0.23-$0.47 per kilowatt.. its very high cost than the other country...
It has a low power consumption... and a low hashrate.

Bitmain S7 has a hashrate of ~4.86TH/S and consumes 1210watts, significantly less per GH than Avalon. The main problem is just the costs and the availability.

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QuintLeo
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November 07, 2015, 11:17:03 AM
 #22

My current rate is around $0.23-$0.47 per kilowatt.. its very high cost than the other country...

 You have ZERO chance at RoI with anything at that high of an electric cost - even the 0.23/KWH is prohibitive.

 Mining is just not for where you're at.


 By the time "more efficient" gear shows up, the diff will have increased too much to make it worthwhile - do keep in mind you're trying to compete with large farms that commonly have electric in the under 7 cent/KWH and frequently in the under 3 cent/KWH range.

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November 07, 2015, 11:38:10 AM
 #23

It will still profitable in the future if there's new asic miner that has low power consumption.That can use us even in my country Just like an avalon 4.1 has low power consumption but still not recommended in my country. My current rate is around $0.23-$0.47 per kilowatt.. its very high cost than the other country...
It has a low power consumption... and a low hashrate.

Bitmain S7 has a hashrate of ~4.86TH/S and consumes 1210watts, significantly less per GH than Avalon. The main problem is just the costs and the availability.
the minimum price of avalon is around $340.00-$360 consumes 690 watts
While bitmain s7 is around $1,975.00-$2,659.00 consumes 1210 watts. Ebay price
Avalon has a hashrate 1.3th/s and bitman has hashrate of 4.66th/s
So if i will buy 4 avalon total cost of $1,360 Hashrate is 5.2th/s then total watts is 2760
the difference is the price and the wattages.
I realize that bitmain is good than avalon hmmm... but in the long term.

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