Bitcoin Forum
December 05, 2016, 04:38:47 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: At what price is mining no longer profitable?  (Read 1051 times)
nixxle
Jr. Member
*
Offline Offline

Activity: 48


View Profile
June 08, 2011, 02:45:53 PM
 #1

BTC are high right now and I even bought myself a decent rig because of this.

But it is of course possible that the BTC comes down. At what price is mining no longer profitable? What are your thoughts on this? Have you concidered this when you started? Looking for some opinions before I go and buy more stuff.

This is how I figure:

  • Electricity is free for me, so mining will always be profitable, no matter what the price is.
  • I can write the equipment off from the profits from my company and have a bit of a tax-break.
  • Having a dozen GPU's rattling around the house is worth the investment all by itself.
  • I learned a great deal about Linux thanks to LinuxCoin. -> more than worth it.
  • I learned a great deal about economic thanks to all of you -> more than worth it




Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480912727
Hero Member
*
Offline Offline

Posts: 1480912727

View Profile Personal Message (Offline)

Ignore
1480912727
Reply with quote  #2

1480912727
Report to moderator
1480912727
Hero Member
*
Offline Offline

Posts: 1480912727

View Profile Personal Message (Offline)

Ignore
1480912727
Reply with quote  #2

1480912727
Report to moderator
1480912727
Hero Member
*
Offline Offline

Posts: 1480912727

View Profile Personal Message (Offline)

Ignore
1480912727
Reply with quote  #2

1480912727
Report to moderator
rezin777
Full Member
***
Offline Offline

Activity: 154


View Profile
June 08, 2011, 02:48:13 PM
 #2

http://forum.bitcoin.org/index.php?topic=9111.0

No need for opinion, just do the math.
nixxle
Jr. Member
*
Offline Offline

Activity: 48


View Profile
June 08, 2011, 02:51:12 PM
 #3

http://forum.bitcoin.org/index.php?topic=9111.0

No need for opinion, just do the math.

No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.
Nighson
Newbie
*
Offline Offline

Activity: 3


View Profile
June 08, 2011, 02:53:41 PM
 #4

BTC are high right now and I even bought myself a decent rig because of this.

But it is of course possible that the BTC comes down. At what price is mining no longer profitable? What are your thoughts on this? Have you concidered this when you started? Looking for some opinions before I go and buy more stuff.

It will take quite a lot to make mining bitcoins not profitable:

First time it will be unprofitable it when the bubble crashes and BTC are worth ≈$0.1 each, but that will be due to the "despair" part of a bubble, it will go back to about $0.5 each a few weeks after that and slowly climb to $5 after a year. The second time will be when cost of KW/hr becomes more than you make (on average) an hour, which should be about a year for current generation hardware.

AverageJoe
Newbie
*
Offline Offline

Activity: 4


View Profile
June 08, 2011, 02:55:22 PM
 #5

nixxle, It is impolite to order other people to do your work. Just sayin'
ensign_lee
Sr. Member
****
Offline Offline

Activity: 356


View Profile
June 08, 2011, 03:08:27 PM
 #6

http://forum.bitcoin.org/index.php?topic=9111.0

No need for opinion, just do the math.

No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.

Oh okay then. When bitcoin is worth $0, then mining is unprofitable. Ta da. I did your work *for* you.
nixxle
Jr. Member
*
Offline Offline

Activity: 48


View Profile
June 08, 2011, 03:10:17 PM
 #7

http://forum.bitcoin.org/index.php?topic=9111.0

No need for opinion, just do the math.

No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.

Oh okay then. When bitcoin is worth $0, then mining is unprofitable. Ta da. I did your work *for* you.

Thanks! You're awesome!

Any opinions coming out of that brain of yours? Opinions on the topic, that you would like to share with the rest of us? Or is this it?
rezin777
Full Member
***
Offline Offline

Activity: 154


View Profile
June 08, 2011, 03:20:30 PM
 #8

http://forum.bitcoin.org/index.php?topic=9111.0

No need for opinion, just do the math.

No, I'm gonna go with the opions questions I asked earlier. You go and do maths now. Thanks.

Uhh OK. In my opinion you will be profitable mining until banana. I've done the math, and now I know when mining becomes unprofitable for me! You are welcome, happy to help.
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
June 08, 2011, 03:21:16 PM
 #9

At what price is mining no longer profitable?
At ~20-30 US cents per 100MH/s I would just call it quits - it would still pay for electricity, but there is no real added value to have a mining computer running 24/7 "for free" - also Hardware payoff would take a loooong time this way.

What are your thoughts on this?
That currently mining seems profitable.

Have you concidered this when you started?
Yes

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
BombaUcigasa
Legendary
*
Offline Offline

Activity: 1414



View Profile
June 08, 2011, 03:34:30 PM
 #10

1.5$/BTC
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!