In this situation where the volume is nil, and the price is at its lowest. I want to do a deep act of thoughtAt this moment i will try to talk about the XCN "minimal price".
All of us should know in cryptocurrency the prices fluctuates, but also many coins need be mined, as Bitcoin (BTC), Ethereum (ETH), Crytponite (XCN), it means, in order to do it and also do support to the network of the coins, New coins will maked on each block as reward. As a Proof of Work coin do, Cryptonite (XCN) does.
A lot of articles was wrote about Electricity efciency and costs, but is not the matter of this article, i will mention it as a "fixed cost".It also dependes each country. But if you have a free electricity i am sure you will want to sell expensive, "
if expensive the better" as a miner, right?
Also Hardware cost is can not be forgotten. Each coutry also have a price difference, but it could be analize better than electricity cost. Cryptonite (XCN) is a ASIC resistance coin and for now, just for NVIDIA cards.
I will try to do a analisys of the cheaper new miner and expensive one.
1060 6GB rig (include cpu etc. Full equip)
-If you use a normal motherboard could put about 6 gpus. Zotac GeForce GTX 1060 Mini 6GB GDDR5 (304 €)* 6 units = 1824€ plus, Power supply, motherboards, CPU, cooler etc. It is around 2200€ as well (depend of each country) it is around 90 MH/s.
1080Ti rig
-If you use a normal motherboard could put about 6 gpus. Gigabyte Geforce GTX 1080 Ti Gaming OC 11GB GDDR5X* (759,4) 6 units = 4559,4€ plus, Power supply, motherboards, CPU, cooler etc. It is around 4750€ as well (depend of each country) it is around 180 MH/s.
AND now out of there have 2080ti rigs... is even more expensive than 1080ti rigs obviusly.
In order to adjust a single XCN coin price, i will try to do a deeper look into single card (hashpower, electricity cost, aproximated reward)
i will chose 1060 6GB in order to do a minimal ideal price:
304€ each card.
90W electricty cost each card.( in my country electricity cost is 0,12€ KW/h
Other hardware, Needed almost to get a single card as well. 350€ aprox.
Internet conexion is about 35€ depend of companies and country. In my country is about 48€
and if you want to count whole costs also a Place where put your miner. House, local. Office, enterprise, etc. I will choose the cheaper one in order to do the Mininmal ideal price."HOUSE". And atleast you have in your own one. It must be atleast rented. It depends each city and country. But thinking in chepest one. I will choose one about 350€.
then just for a single card. The neededs are huge. 954€ as initial investment and 407€ if you count the rent plus electricity bill (just counting aproximately only expense of mining) and internet cost.
And we should be know if you choose e.g a single 1080ti the initial investment reach. Right?
Then, each miner know exist a ROI and fixed costs as, electricity costs and internet costs and rent.
All miners have not the same situation and it is subjective. But i am trying to look into a minimal invest since 0 help.
A single miner with a single card. Have a initial invest about 954€ aprox. And 407€ mothly.
You can see his numbers on:
https://whattomine.com/coins/184-xcn-m7?utf8=%E2%9C%93&hr=15.0&br_enabled=true&br=180&p=90.0&fee=0.0&er_enabled=true&er=0.00000011&cost=0.12&hcost=0.0&commit=Calculate32 000 XCN month at current ( 11 sat) price is: $12.91 costs is not included. It represent a lot losses at this moment for each miner.
[NOTE: current price is about 1 sat, pelase do the changes to understand it better]It will be higher if you take in count others cards.etc.
[It Depends of diffuclty]nvestors and Traders:
Each market is always fierce and cruel, to this oppportunity of deep look i will choose the worst situation possible for users of Cryptonite (XCN) who was bought on summuer of 2017.
about 2000 sat.
It is so simple. Current price is about 12 -11 sat... the tragedy is alteast clear.
To these type of user, they couldn´t trade and and re bought on other prices. Because china anti law and deslistng. Then they are obviusly holders. It represent ateleast the 50% of the market.
The trend and normal practice on crypto is follw the trend and try to ake profit. But this users no matter how yo are seeing. They have losses.
Conclusion
In order to orientate each user being trader, investor or miner. I will try to find a ideal minimal price... taking costs on real things as i mentioned before.
For a miner with a single card. In order to cover his expenses. Atleast should be 13,56€ month. Dont taking in count his initial investment. Just covering his mothly costs. If a single day these miner earn 1000+ XCN at current price is a 0,43$ about 1200 satoshis of BTC. For him the price per coin must be atleast 0,565€ /hour to cover his monthly cost. Per hour this miner earn 45.56 XCN. Then trying to find his ideal price should be 0,0124012291483758€ per XCN.
This price do not represent profits. You must think it is just his monthly costs covers. No ROI and no profits.
