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Range of cost of mining ONE BTC ?
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Topic: Range of cost of mining ONE BTC ? (Read 959 times)
qwerty555
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Range of cost of mining ONE BTC ?
May 10, 2013, 02:11:50 PM
Last edit: May 10, 2013, 02:52:58 PM by qwerty555
#1
Could members offer an estimate of the average cost of mining ONE BTC at current difficulty.
Please include
1 estimate of power used (In $ in ur location and kwh as power costs vary from country to country)
2 cost of rig and maintenance/ repair ( maybe use 5 yrs to depreciate it 100%)
3 any other running costs
This does not have to be exact..I am looking for a ball park figure and large variations.
Thanks
Ps If your busy I will do the Math if you have figures for larger numbers of BTC mined
Whoever mines the block which ends up containing your transaction will get its fee.
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Flatlinezor
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Re: Range of cost of mining ONE BTC ?
May 10, 2013, 03:54:44 PM
#2
Mate, by the time you typed it in you could have googled a calculator, AND do the math yourself, customized... :/
There you go!
http://lmgtfy.com/?q=bitcoin+mining+calculator
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Available on Kindle
Re: Range of cost of mining ONE BTC ?
May 10, 2013, 04:10:20 PM
#3
First you need to know how much MHash you need.
http://bitcoinsbs.wordpress.com/2013/01/16/how-much-mhash-does-it-take-to-mine-1-btc/
then you need to know the equipment you'll use to get the BTC you want in the time frame you want.
https://en.bitcoin.it/wiki/Mining_hardware_comparison
Kindle : Bitcoin Step by Step (2nd Ed) :
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http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
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qwerty555
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Re: Range of cost of mining ONE BTC ?
May 10, 2013, 04:39:28 PM
#4
Thanks...very helpful..Is the theory and what people are actually achieving the same ?
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