21 cents per kw, Any way to mine?

[notlist3d]

Dam I think I should start a mining hosting farm...
thats not hosted in china you know to keep it decentralized


Guess im lucky here...

electric $0.06 from the service providers
$0.05 direct from the main power supplier.

and if we go solar.... <drum roll> 8hrs of sunlight in winter and 12 hours in summer.... hmmmm

 

Now capital that's the problem *sigh*

Well there is a LOT of setup costs I personally would want cheaper then .05 to set up a hosting farm.  Personal mining sure on .05.  But with a hosting farm everything is bigger on costs.  Wiring and cooling, and getting electric company to set you up for that much electricity all comes out to be a lot of upfront costs.

So I don't think you will be profitable for quite a while after setup costs.  And this does not include how hard it will be starting to get people to trust you with their gear.

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[mirakal]

Dam I think I should start a mining hosting farm...
thats not hosted in china you know to keep it decentralized


Guess im lucky here...

electric $0.06 from the service providers
$0.05 direct from the main power supplier.

and if we go solar.... <drum roll> 8hrs of sunlight in winter and 12 hours in summer.... hmmmm

 

Now capital that's the problem *sigh*

Well there is a LOT of setup costs I personally would want cheaper then .05 to set up a hosting farm.  Personal mining sure on .05.  But with a hosting farm everything is bigger on costs.  Wiring and cooling, and getting electric company to set you up for that much electricity all comes out to be a lot of upfront costs.

So I don't think you will be profitable for quite a while after setup costs.  And this does not include how hard it will be starting to get people to trust you with their gear.

That is right. For home mining, 0.05/kWh is very profitable as you can use many existing facilities with no extra cost.

[notlist3d]

Dam I think I should start a mining hosting farm...
thats not hosted in china you know to keep it decentralized


Guess im lucky here...

electric $0.06 from the service providers
$0.05 direct from the main power supplier.

and if we go solar.... <drum roll> 8hrs of sunlight in winter and 12 hours in summer.... hmmmm

 

Now capital that's the problem *sigh*

Well there is a LOT of setup costs I personally would want cheaper then .05 to set up a hosting farm.  Personal mining sure on .05.  But with a hosting farm everything is bigger on costs.  Wiring and cooling, and getting electric company to set you up for that much electricity all comes out to be a lot of upfront costs.

So I don't think you will be profitable for quite a while after setup costs.  And this does not include how hard it will be starting to get people to trust you with their gear.

That is right. For home mining, 0.05/kWh is very profitable as you can use many existing facilities with no extra cost.

Although someone agreeing with me always feels good .  There is really no need to in this thread.  We should let it die we have a question, and an anwser.  So it's all done as far as what it needed.

We should let thread die or if OP still checks lock thread is even better.

[WarrEagle]

that price? No way, you can still make a profit with ETH, but you wont ROI if you buy your hardware now. You would need to have it paid off and ready to run when the bulls got hold of ETH.

[GreatNorthData]

Dam I think I should start a mining hosting farm...
thats not hosted in china you know to keep it decentralized

We're in Canada, have been hosting since 2013, and will be opening a new large facility this summer - our total draw between all facilities will be closing in on 10MW by September.

[Newcoins2020]

that price? No way, you can still make a profit with ETH, but you wont ROI if you buy your hardware now. You would need to have it paid off and ready to run when the bulls got hold of ETH.

Altcoins like ETH don't seen to be lasting forever. Which is why i only mine bitcoin these days.
Nor would i advice to start mining if you pay 21 cent per KWH. It's just not going to happen (ROI)

[Amph]

that price? No way, you can still make a profit with ETH, but you wont ROI if you buy your hardware now. You would need to have it paid off and ready to run when the bulls got hold of ETH.

it depend if you buy it used, you can find a very good deal on the market, you cna build a rig with 1k or lower now, it should reach roi when you sell it afterward in two 3 months

[apriyoni]

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

[mirakal]

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

[notlist3d]

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

It's kinda a lot of speculation at this point no one knows speeds of 490 mining Ethereum.  It appears to be faster... how much is the question no one knows.   I think value wise 380/390 will drop.  And 400 series will take it's place. So waiting on the card for holding value I can see a point there.

But you are also missing out of mining currently.  So you might be mining at a higher difficulty.... so even if faster it could equal out or you might lose due to difficulty.  Again all speculation.

[apriyoni]

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

It's kinda a lot of speculation at this point no one knows speeds of 490 mining Ethereum.  It appears to be faster... how much is the question no one knows.   I think value wise 380/390 will drop.  And 400 series will take it's place. So waiting on the card for holding value I can see a point there.

But you are also missing out of mining currently.  So you might be mining at a higher difficulty.... so even if faster it could equal out or you might lose due to difficulty.  Again all speculation.

I think it is better to buy the R9 390 and mine now. The difficulty will be three times of present value when the 490 comes out.

[Ejanend]

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

It's kinda a lot of speculation at this point no one knows speeds of 490 mining Ethereum.  It appears to be faster... how much is the question no one knows.   I think value wise 380/390 will drop.  And 400 series will take it's place. So waiting on the card for holding value I can see a point there.

But you are also missing out of mining currently.  So you might be mining at a higher difficulty.... so even if faster it could equal out or you might lose due to difficulty.  Again all speculation.

I think it is better to buy the R9 390 and mine now. The difficulty will be three times of present value when the 490 comes out.

I saw the experience of early miners of the 480 RX. It is slower than R9 390 and only benefit is lower power consumption.