Hi All,
I'm considering throwing my money at a KNC 100 Gigahash Miner that chews 250w of power. According to profitability calculators online, it's still profitable here in Aus if we get the machines in time without extreme difficulty increases. This is also taking into consideration Australia's high price of energy, I used .50c as a guide - 30c kWh and the rest to cover any supply charges, etc.
Thoughts?
bolded the bit you are gambling on
but there is also the value of BTC in time to consider
I was one of the crazy fools that mined unprofitably in AUS when BTC was $3ea but when price spiked and I sold some for >$200ea - well it felt pretty fine
Lucky S.O.B
- Yeah well, I've been watching bitcoin for what seems like decades, only wish I'd acted sooner, if only. I've used all calculators in the world and from experience I think it'll still be profitable and yeah, the difficulty increases can't really be determined, but oh well. I'll only be $1500 out of pocket if the machine comes too late. I'm going all in...
Are you still mining Graet?
Good luck with it,
yeah running 2 Avalons and 2 FPGA atm
And still profitable obviously? Stupid question...
Thanks for the wishes, may I ask how many hashes you're pulling with the machines and many Watts they use all up?
All good if you don't want to answer and want to make me do ma own research
Batch2 3module with ckloivas' firmware 85Gh/s (he's an Aussie too)
Batch3 4module 105Gh/s on stock firmware
Haven't put a wattmeter on them yet
The fuck? Why mine cryptocurrencies in Australia? From the research I've done if you get permission from your local government you could just get a shovel, hammer and screwdriver ( or something similar to pry out the rock, I don't know if there's a specialised tool you use for it ) and go dig up gemstones etc. you'll probably get a much better payout than mining digital currencies, it's one of the few places left that still has a real mining industry.
I also find hunting for gemstones to be much more interesting and healthy than mining crpytocurrencies
I guess your research is based on the fantasies in your own mind, perhaps you should go hunt gemstones or do proper research...
When I researched Bitcoin I found it to be very interesting and available to anyone in the world, being interested and someone in the world I thought I would mine.
I find running a mining pool much more interesting than searching through the local sand for non-existent treasure- each to their own I guess.
