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Author Topic: Statistics on how much bitcoin miners spend mining?  (Read 578 times)
antar3s
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January 03, 2016, 03:03:56 AM
 #1

Are there any statistics on how much bitcoin miners spend, in general?

Even very rough calculations.

There's this one, but it seems pretty inaccurate and out of date: qz.
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adaseb
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January 03, 2016, 08:18:01 AM
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No that article is not true and its old.

Miners spend like $1200 or so on a mining rig and like $6 per day on electricity, they earn net profit not net loss.

That article speculates too much.

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January 03, 2016, 08:51:07 AM
 #3

every farm that have the s7 running 24/7 and nothign else, spend 1/7 of their profit in the electricity, each month

then you have that they will probably buy another equipments to stay competitive, i would assume that they would not spend more than the half of their profit from bitcoin
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January 03, 2016, 06:59:34 PM
 #4

Are there any statistics on how much bitcoin miners spend, in general?

Even very rough calculations.

There's this one, but it seems pretty inaccurate and out of date: qz.

Most of the biggest operations are private so they don't have to release numbers to public and never will.   So getting accurate data is not going to happen.

Only rough estimate would be take hashrate and use a certain efficiency chip.  But you can't really do this as so many different miners out there, and price of electricity varies so much.  So it's a impossible task on getting right.
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