Tibi (OP)
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June 02, 2016, 10:49:06 AM |
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Like the title says 0.05 USD on Kwh. any chance to mine then ?? = )
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truckinusa
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June 02, 2016, 12:11:32 PM |
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Your chance of finding a block has nothing to do with electric cost. Your chance of finding a block and breaking even with electric costs does have a factor.
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merelcoin
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June 02, 2016, 12:16:23 PM |
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depends on a couple of factors: - the cost of your hardware, taxes and the setup of your mining room (cooling, cabling, shelfs,...) - the price of bitcoin, especially since the halving is around the corner - the diff, especially now that the S9 is hitting the market (about 4 times the hashrate of the S7 with roughly the same power draw). On average, i think you could make some profit with 0.05/kwu, but there are no certainties. Check for yourself here: http://www.coinwarz.com/calculators/bitcoin-mining-calculatorkeep in mind that the halving will lower the block reward from 25 BTC to 12.5 BTC in less than 2 months, the price might swing and the diff might change to!!! I'd either go big and see if i could make some profit when buying several S9's in bulk, or i'd go small and buy some really cheap HW on this forum... Whatever you do, make the full calculations before buying anything!!! include the setup of your mining room, tax and pool fees, or you'll have a bad time  |
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philipma1957
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'The right to privacy matters'
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June 02, 2016, 01:28:31 PM |
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If 5 cents is the complete cost you could make money with used gear.
Where do you live?
If in the USA I have used gear.
I also ship to Europe. (but shipping is really high)
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Tibi (OP)
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June 02, 2016, 05:28:24 PM |
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The place is ready for an bitcoin mine its running under aircondition, its an old warehouse i got permision to use . Used to be an factory so power is not an issue. Now my qustion is like stated is it proffitable to runn s7 as thats the gear i have. For start i have 8 of them, price is at 0.05 cents on Kwh. Planning to upgrade to s9 but like the market and the cut of bitcoin to 12,5 i think s9 price will be lower then now . But then again the money s7 make will go on the new s9 . I would like to disclose where this location is but due to securty issues i dont feel safe telling where i am planning to set this up. hope you guys understand this. If i go aheed and do this il keep you guys updated whit pictuers and once securty is up i will tell where this new bitcoin mine will be .
Abit backgroun about me i started to mine BTC whit block erupter cube 1 year ago and fell in love whit it now i am trying to take this hobby to the nexst level. :=)
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alh
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June 02, 2016, 06:28:07 PM |
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The place is ready for an bitcoin mine its running under aircondition, its an old warehouse i got permision to use . Used to be an factory so power is not an issue. Now my qustion is like stated is it proffitable to runn s7 as thats the gear i have. For start i have 8 of them, price is at 0.05 cents on Kwh. Planning to upgrade to s9 but like the market and the cut of bitcoin to 12,5 i think s9 price will be lower then now . But then again the money s7 make will go on the new s9 . I would like to disclose where this location is but due to securty issues i dont feel safe telling where i am planning to set this up. hope you guys understand this. If i go aheed and do this il keep you guys updated whit pictuers and once securty is up i will tell where this new bitcoin mine will be .
Abit backgroun about me i started to mine BTC whit block erupter cube 1 year ago and fell in love whit it now i am trying to take this hobby to the nexst level. :=)
It seems to some extent that you've already made your choice. If you already own the 8 miners you mention, then you really only have two choices: Mine with them, or sell them. With a running cost of $.07/hour/miner, you will make an operating profit, even after the halving in the first half of July. They will depreciate as time goes on, and hence won't likely have the same resale value that they do today.You have to decide how much you think difficulty will rise, or fall, and the price of BTC in the future. $.05/KWh is a good start electricity wise, but it doesn't guarantee a long term profit. What are you doing now with the S7's that you own? |
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Tibi (OP)
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June 02, 2016, 07:07:33 PM |
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Now they are not doing much , wating to have them shipped to the location as i cant carry all of them whit me . Yes its like you said the diff. that controls it all but then again if it goes up il need to add an exstra miner . If some one have some few miners for sale hit me up.
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secup
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June 04, 2016, 10:46:21 PM |
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The place is ready for an bitcoin mine its running under aircondition, its an old warehouse i got permision to use . Used to be an factory so power is not an issue. Now my qustion is like stated is it proffitable to runn s7 as thats the gear i have. For start i have 8 of them, price is at 0.05 cents on Kwh. Planning to upgrade to s9 but like the market and the cut of bitcoin to 12,5 i think s9 price will be lower then now . But then again the money s7 make will go on the new s9 . I would like to disclose where this location is but due to securty issues i dont feel safe telling where i am planning to set this up. hope you guys understand this. If i go aheed and do this il keep you guys updated whit pictuers and once securty is up i will tell where this new bitcoin mine will be .
Abit backgroun about me i started to mine BTC whit block erupter cube 1 year ago and fell in love whit it now i am trying to take this hobby to the nexst level. :=)
No large bitcoin operation run with A/C. Cost related to A/C is way too expensive. 0.05 is a decent price for power. My recommendation is to wait til halving, see how stuff goes then buy a few S9 and then check your wallet |
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leowonderful
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Bitcoin FTW!
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June 05, 2016, 12:20:17 AM |
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As of now, you may want to check out the s9 after halving. The risk is way too high rn imo, so if your electricity rates stay like that, you might want to get one. Prices might rise, but better to know you won't lose it all than to gamble on the price of BTC going up to the point where you'll make money.
Since you already have S7s, the operating cost will ensure you a slim profit over a short time, then nothing. The halving won't bump you too much, but after that, consider a newer miner. Halving will force most , if not all people with even low electricity costs to get a newer generation one just because of difficulty.
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Newcoins2020
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June 05, 2016, 12:21:13 PM |
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As of now, you may want to check out the s9 after halving. The risk is way too high rn imo, so if your electricity rates stay like that, you might want to get one. Prices might rise, but better to know you won't lose it all than to gamble on the price of BTC going up to the point where you'll make money.
Since you already have S7s, the operating cost will ensure you a slim profit over a short time, then nothing. The halving won't bump you too much, but after that, consider a newer miner. Halving will force most , if not all people with even low electricity costs to get a newer generation one just because of difficulty.
I find it very hard to speculate what will happen after the halving. I think the price of bitcoin will go down again since nobody expect it go rise again. Which could be naive but could be hard reality too. With the latter happening you may find yourself in some decent loss.. |
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Amph
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June 06, 2016, 05:47:37 AM
Last edit: June 13, 2016, 10:07:17 AM by Amph |
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As of now, you may want to check out the s9 after halving. The risk is way too high rn imo, so if your electricity rates stay like that, you might want to get one. Prices might rise, but better to know you won't lose it all than to gamble on the price of BTC going up to the point where you'll make money.
Since you already have S7s, the operating cost will ensure you a slim profit over a short time, then nothing. The halving won't bump you too much, but after that, consider a newer miner. Halving will force most , if not all people with even low electricity costs to get a newer generation one just because of difficulty.
I find it very hard to speculate what will happen after the halving. I think the price of bitcoin will go down again since nobody expect it go rise again. Which could be naive but could be hard reality too. With the latter happening you may find yourself in some decent loss.. why it should go down again, it rising steady, it will increase even more, like it was expected, this will allow miners to remain profitable the price need only to reach 700 to allow miners to remain in the game, then when the s9 will enter in play everything will be fine for them |
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Slippin_Jimmy
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June 09, 2016, 03:29:46 AM |
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I pay, last I checked, 0.06-0.08 kwh (depends on how much you use) and I still did the math to find that Hashnest will profit and turn an ROI quicker by at least 13%. So it will probably be about even, if not less because of cooling cost, security, etc. to run your own even at that good price of electricity. So for me after having done all that math, will most likely get into Hashnest either when they have s9 gh to offer or s7 after the halving.
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gbBit
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June 11, 2016, 09:08:41 AM |
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I pay, last I checked, 0.06-0.08 kwh (depends on how much you use) and I still did the math to find that Hashnest will profit and turn an ROI quicker by at least 13%. So it will probably be about even, if not less because of cooling cost, security, etc. to run your own even at that good price of electricity. So for me after having done all that math, will most likely get into Hashnest either when they have s9 gh to offer or s7 after the halving.
If you have cheap power legitimately then I recommend to get into hosting. Just be upfront with your customers how much you charge and how much support you'll give them and I think a lot of people would be very interested in your rates. If you just marked up to $.06/kWh then you would be a lot less than the next competitive company. BTW if you're will to host at $0.06/kWh then let me know |
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QuintLeo
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June 12, 2016, 10:35:52 AM |
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5 cents / KWH is cheap - you SHOULD be able to mine for a profit on that, if you stick with current gear.
I'd wait a bit for the S9 price to drop, or for competiton to show up to FORCE pricing down.
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Newcoins2020
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June 12, 2016, 12:55:12 PM |
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As of now, you may want to check out the s9 after halving. The risk is way too high rn imo, so if your electricity rates stay like that, you might want to get one. Prices might rise, but better to know you won't lose it all than to gamble on the price of BTC going up to the point where you'll make money.
Since you already have S7s, the operating cost will ensure you a slim profit over a short time, then nothing. The halving won't bump you too much, but after that, consider a newer miner. Halving will force most , if not all people with even low electricity costs to get a newer generation one just because of difficulty.
I find it very hard to speculate what will happen after the halving. I think the price of bitcoin will go down again since nobody expect it go rise again. Which could be naive but could be hard reality too. With the latter happening you may find yourself in some decent loss.. why it should go down again, it rising steady, it will increase evne more, like it was expected, this will allow miners to remain profitable the price need only to reach 700 to allow miners to remain in the game, then when the s9 will enter in play everything will be fine for them It is rising but there is no guarantee it will hold which makes it risky. Bitcoin price/ bitcoin mining depends on a lot of factors which makes it risky all the time. Suppose we halving is done and in the mean time a lot of hash has been added to the network. The holders now the halving is done and start selling again. This would create an immense selling pressure and downwards movement.. In short. One day the circumstances are profitable to very profitable. A week later you are losing money, |
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Perman
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June 14, 2016, 02:42:22 PM |
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As of now, you may want to check out the s9 after halving. The risk is way too high rn imo, so if your electricity rates stay like that, you might want to get one. Prices might rise, but better to know you won't lose it all than to gamble on the price of BTC going up to the point where you'll make money.
Since you already have S7s, the operating cost will ensure you a slim profit over a short time, then nothing. The halving won't bump you too much, but after that, consider a newer miner. Halving will force most , if not all people with even low electricity costs to get a newer generation one just because of difficulty.
I find it very hard to speculate what will happen after the halving. I think the price of bitcoin will go down again since nobody expect it go rise again. Which could be naive but could be hard reality too. With the latter happening you may find yourself in some decent loss.. why it should go down again, it rising steady, it will increase evne more, like it was expected, this will allow miners to remain profitable the price need only to reach 700 to allow miners to remain in the game, then when the s9 will enter in play everything will be fine for them It is rising but there is no guarantee it will hold which makes it risky. Bitcoin price/ bitcoin mining depends on a lot of factors which makes it risky all the time. Suppose we halving is done and in the mean time a lot of hash has been added to the network. The holders now the halving is done and start selling again. This would create an immense selling pressure and downwards movement.. In short. One day the circumstances are profitable to very profitable. A week later you are losing money, I think the halving effect on the price has been priced in. But the block size increase from 1MB to 2MB will increase the price further. |
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