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November 22, 2016, 05:06:41 PM |
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I could bump to 3000 watts with cold weather. But my power is 12.7 cents in the winter the heat has about 2.7 cent value
So I am a 10 cent guy in house.
You must have competitive access to natural gas. Did I read you are in the NJ area? Cheap natural gas also makes for cheap wholesale power. See http://pjm.com/. That usually leads to lower retail rates; a guy from PA with a small ETH farm told me he was paying ~5c/kWh. Even if he left out taxes & meter fees, that should be not much more than 6c. I'm in Atlantic Canada and pay the equivalent of US 12c/kWh. Electricity and oil are the main winter heat sources around here, and in the few places natural gas is available it's no cheaper than oil for heating. That means means for about 4 months of the year my effective cost for electricity after deducting the heat value is 6c/kWh. Here in MB we pay about 0.06us$ for electricity, but my NG furnace has not come on yet this year. Since NG usually costs me twice what electricity does, I figure I get free electricity.
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Xavofat
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November 22, 2016, 06:02:08 PM |
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how i see it , it's not over till it's over and it's not over yet . it's gonna keep going up and down for a while . how long no idea . some say a month or two but well see, i keep mining Zec. low or high .!! with ETH thrown in for a few hours @ a time not because ZEC drops down, i switch off a few cards to eth when it gets better etc and back to mining ZEC as needed.
If you switch when the ZEC is more profitable, but the payment takes a while, so when it hits the exchange, the price could be lower.
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philipma1957
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November 22, 2016, 07:42:00 PM |
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how i see it , it's not over till it's over and it's not over yet . it's gonna keep going up and down for a while . how long no idea . some say a month or two but well see, i keep mining Zec. low or high .!! with ETH thrown in for a few hours @ a time not because ZEC drops down, i switch off a few cards to eth when it gets better etc and back to mining ZEC as needed.
If you switch when the ZEC is more profitable, but the payment takes a while, so when it hits the exchange, the price could be lower. Could you be a little more short term please. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ( Just kidding )
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ps_jb
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November 22, 2016, 08:37:57 PM |
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Profitability goes down - ETC/ETH are more better for mining No stability in this world ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Navihawk
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November 23, 2016, 12:00:24 AM |
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ETC/ETH are more better for mining
http://www.reactiongifs.com/r/leowtf.gifETC/ETH burn through power (and most other crypto that has a PoW component), they might be more profitable, but at what cost to the environment? (unless you're running the entire operation on Off-Grid Solar, or another clean energy source.)
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IamRune
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November 23, 2016, 12:15:21 AM |
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ZEC still more profitable than ETC or ETH. not sure where these people are getting there calculations at. :-)
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QuintLeo
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November 23, 2016, 04:08:55 AM |
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ZEC still more profitable than ETC or ETH. not sure where these people are getting there calculations at. :-)
It depends quite a bit on your cost of power, and on WHAT you are mining with. It's not a "it's more" or "it's less" flat out truth for all, especially since the profitability on all 3 has been pretty close for the last week or so. As for my power - it's all (or nearly all) hydro, and 100% renewable, where I'm at. BTW - I'm still giggling occasionally at the idea of "AMD" or "NVidia" propping up the ZEC market. Mining cards might be a noticeable percentage of their market, but AT THIS TIME they're probably moving about every chip they CAN build as it is - the extra *maybe* 1% additional cards sales due to mining taking a big (by mining standards) jump isn't at all likely to be worthwhile to them when they're already selling bloody near every chip they can get out of available foundry capacity. Keep in mind that NEITHER have put out any new "budget" level cards yet - that's where the BIG number of sales happen, along with "on-board" chipsets for low-level laptops and entry-level machines (though APUs seem to be taking over most of that market of late). AMD also has next year's launch of the "Zen" series 14/16nm CPUs and APUs to keep the foundry capacity available to them overloaded.
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QuintLeo
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November 23, 2016, 04:10:06 AM |
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ETC/ETH are more better for mining
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.reactiongifs.com%2Fr%2Fleowtf.gif&t=665&c=tSZaDDXRv9ebmQ) ETC/ETH burn through power (and most other crypto that has a PoW component), they might be more profitable, but at what cost to the environment? (unless you're running the entire operation on Off-Grid Solar, or another clean energy source.) ZEC also burns through power - just not quite as much of it. For those with higher power costs I'm sure that's a significant factor in their profitability.
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I'm no longer legendary just in my own mind! Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin) 1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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daneranon89
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November 23, 2016, 04:19:12 AM |
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For newer cards like Polaris/Ellesmere and Tonga, eth mining is is now more profitable than zec, leading to hashing power switching back to eth. https://etherscan.io/charts/hashrateWhile the price of zec has been dropping (now ~$65), the market cap has stayed in the $3-4M range for several days. In a month from now I expect the zec price to drop to the $25-$35 range, reducing mining profitability and resulting in more miners switching back to eth. Difficulty should be back up to 80T within a few weeks, and back up to 100T early in 2017. Yes ZEC can keep falling like a rock to lower levels, but for the past 2 days it has found some support and in fact appreciated abit although it seems like trying to suckering in some newbies. I am bearish like anyone else on Zcash and I think it can test Monereo levels.
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philipma1957
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November 23, 2016, 05:22:17 AM |
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For newer cards like Polaris/Ellesmere and Tonga, eth mining is is now more profitable than zec, leading to hashing power switching back to eth. https://etherscan.io/charts/hashrateWhile the price of zec has been dropping (now ~$65), the market cap has stayed in the $3-4M range for several days. In a month from now I expect the zec price to drop to the $25-$35 range, reducing mining profitability and resulting in more miners switching back to eth. Difficulty should be back up to 80T within a few weeks, and back up to 100T early in 2017. Yes ZEC can keep falling like a rock to lower levels, but for the past 2 days it has found some support and in fact appreciated abit although it seems like trying to suckering in some newbies. I am bearish like anyone else on Zcash and I think it can test Monereo levels. I am very bullish on zCash I will be so until the market cap grows to over 50,000,000 USD , It is so cheap to pump zec and there are 25,000,000 in mining machines mining it as I type. once again psu companies ram companies cpu companies gpu companies ssd and hdd companies motherboard companies all stand to gain by supporting zec via coin purchases . no commercial or promotion would be better. look at zec cap https://www.coingecko.com/en/market_cap/zcash/usdonly 5 million look at eth cap https://www.coingecko.com/en/market_cap/ethereum/usdover 850 million So since both coins doing okay works for all those companies listed above if you are one of the above companies which one of the two d you pick to bump price. you pick zec for now 100,000 in purchase would keep coin steady or rise just a bit. these numbers hold for a long time. At worse until Jan at best far longer.
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h311m4n
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November 23, 2016, 12:11:37 PM |
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ETC/ETH are more better for mining
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.reactiongifs.com%2Fr%2Fleowtf.gif&t=665&c=tSZaDDXRv9ebmQ) ETC/ETH burn through power (and most other crypto that has a PoW component), they might be more profitable, but at what cost to the environment? (unless you're running the entire operation on Off-Grid Solar, or another clean energy source.) Yup, and as I've stated many times, if you take the time to mod your rigs properly, a ZEC rig will mine at 75% the wattage needed for ETH (if not better), that's what I get on my 470s. Hence, ZEC profitability, even at 50$/ZEC is still a bit better than ETH, for me at least. Also, it looks like the 50$ range is kind of the current resistance price for ZEC, I haven't seen it drop below that
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philipma1957
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November 23, 2016, 03:51:13 PM |
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Zec rallied again close to 70 usd.
Like I said 100,000 in usd to buy coins and the coins jumped up from .070 to .089 btc .
This will be something to do for at least a few months.
To me I see another bump over .125 btc before Dec 21St
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Castreat
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November 23, 2016, 04:56:35 PM |
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Zec rallied again close to 70 usd.
Like I said 100,000 in usd to buy coins and the coins jumped up from .070 to .089 btc .
This will be something to do for at least a few months.
To me I see another bump over .125 btc before Dec 21St
I hope that will happen. That means it is profitable mining again for the miners with very high electricity price.
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Hadmart
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November 23, 2016, 05:36:05 PM |
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For newer cards like Polaris/Ellesmere and Tonga, eth mining is is now more profitable than zec, leading to hashing power switching back to eth. https://etherscan.io/charts/hashrateWhile the price of zec has been dropping (now ~$65), the market cap has stayed in the $3-4M range for several days. In a month from now I expect the zec price to drop to the $25-$35 range, reducing mining profitability and resulting in more miners switching back to eth. Difficulty should be back up to 80T within a few weeks, and back up to 100T early in 2017. Yes ZEC can keep falling like a rock to lower levels, but for the past 2 days it has found some support and in fact appreciated abit although it seems like trying to suckering in some newbies. I am bearish like anyone else on Zcash and I think it can test Monereo levels. It seems the price of the ZCash has stopped dropping temporally. It is still above the recent lows for two days.
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mettalmag
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November 23, 2016, 06:06:29 PM |
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nerdralph (OP)
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November 23, 2016, 06:26:03 PM |
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There's a security bug in zcash, and instead of taking full responsibility, the Wilcox boys are pointing the blame for any potential problems at miners (pools) who don't instantly upgrade. So if the bug is exploited, the can say they released a fix and warned everyone, and since they can't force miners (pools) to upgrade, it's not their fault.
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QuintLeo
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November 23, 2016, 06:29:19 PM |
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Yup, and as I've stated many times, if you take the time to mod your rigs properly, a ZEC rig will mine at 75% the wattage needed for ETH (if not better)
Same mods tend to also help ETH/ETC et cetera - but ZEC does seem to use less power. I was "only" noticing about a 20% improvement going from ETH to ZEC on my 1070s though.
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I'm no longer legendary just in my own mind! Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin) 1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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Maxumark
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November 23, 2016, 07:29:38 PM |
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[
Also, it looks like the 50$ range is kind of the current resistance price for ZEC, I haven't seen it drop below that [/quote]
Not to split hairs but if the resistance is below you its called support price or level. I know you know what you meant, but lets help the newbies to technical trading.
A support level is a level where the price tends to find support as it falls. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level.
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level.
When a support level is breached it is likely to become resistance level, and vise versa.
Technical analysis is based on history and we do not have enough history on ZEC to actually do any valuable analysis yet.
The approximately $53 or .0722 BTC level appears to be support at this time. Typically this level will need to be retested, maybe several times.
What is interesting is that we have a moving average cross over for the first time in ZEC existence on the 2HR charts. It will be weeks, or even months before we will have usable data on the daily charts, unless you are just looking for the downward trend to continue, but this could be about as dangerous as pre selling ZEC tokens before it launched at $.09.
Until we have a longer price data time frame, and we reach full block reward the best gauge of price or value will be the ZEC mining profitability VS ETH mining profitability from a miners prospective, and at this point what else do we have.
I know the profitability does not absolutely dictate price, but it will raise and lower hashrate to keep ZEC profitability at a approximate parity to ETH profitability.
I believe that this will be the case near term until utilization, store of value, or something else takes over.
Just my .02705 mBTC
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Mining LTC and other alts since 2014 when I thought I missed the BTC train.
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h311m4n
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November 23, 2016, 07:48:51 PM |
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Also, it looks like the 50$ range is kind of the current resistance price for ZEC, I haven't seen it drop below that
Not to split hairs but if the resistance is below you its called support price or level. I know you know what you meant, but lets help the newbies to technical trading. A support level is a level where the price tends to find support as it falls. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level. A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level. When a support level is breached it is likely to become resistance level, and vise versa. Technical analysis is based on history and we do not have enough history on ZEC to actually do any valuable analysis yet. The approximately $53 or .0722 BTC level appears to be support at this time. Typically this level will need to be retested, maybe several times. What is interesting is that we have a moving average cross over for the first time in ZEC existence on the 2HR charts. It will be weeks, or even months before we will have usable data on the daily charts, unless you are just looking for the downward trend to continue, but this could be about as dangerous as pre selling ZEC tokens before it launched at $.09. Until we have a longer price data time frame, and we reach full block reward the best gauge of price or value will be the ZEC mining profitability VS ETH mining profitability from a miners prospective, and at this point what else do we have. I know the profitability does not absolutely dictate price, but it will raise and lower hashrate to keep ZEC profitability at a approximate parity to ETH profitability. I believe that this will be the case near term until utilization, store of value, or something else takes over. Just my .02705 mBTC Yep sorry misuse of word, I meant support. Thanks for the detailed explanation though, I'm not a pro trader ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) fixed the quoting though ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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philipma1957
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November 23, 2016, 07:49:22 PM |
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[
Also, it looks like the 50$ range is kind of the current resistance price for ZEC, I haven't seen it drop below that
Not to split hairs but if the resistance is below you its called support price or level. I know you know what you meant, but lets help the newbies to technical trading. A support level is a level where the price tends to find support as it falls. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level. A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level. When a support level is breached it is likely to become resistance level, and vise versa. Technical analysis is based on history and we do not have enough history on ZEC to actually do any valuable analysis yet. The approximately $53 or .0722 BTC level appears to be support at this time. Typically this level will need to be retested, maybe several times. What is interesting is that we have a moving average cross over for the first time in ZEC existence on the 2HR charts. It will be weeks, or even months before we will have usable data on the daily charts, unless you are just looking for the downward trend to continue, but this could be about as dangerous as pre selling ZEC tokens before it launched at $.09. Until we have a longer price data time frame, and we reach full block reward the best gauge of price or value will be the ZEC mining profitability VS ETH mining profitability from a miners prospective, and at this point what else do we have. I know the profitability does not absolutely dictate price, but it will raise and lower hashrate to keep ZEC profitability at a approximate parity to ETH profitability. I believe that this will be the case near term until utilization, store of value, or something else takes over. Just my .02705 mBTC [/quote] Pretty much agree. I also think that 50-55 will be the bottom for quite a while. This coin is really in a different spot then most coins there are so few of them and price is high.
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