Profitability gone?

[ManOfKnight]

I just ran the numbers after getting a Kill-A-Watt

I have a 6970 running about 400MH/s

My system is pushing about 340 watts which using the profitability calculator comes out to only about $91 over electricity costs a month...that is NOT COUNTING increases in mining times coming up next week.  In the past, the price would go up...but it has been hovering around 14-16 for weeks now.  If the price doesn't go up soon...small time miners are going to have to quit.

Even us that only have .0915 kWh prices.

[cryptomint]

I'm pretty sure your calculation is way off.

[cryptomint]

340w @ 0.0915 kWh running 24/7 should be:

Cost Per Hour:    $0.031110
Cost Per Day:    $0.746640
Cost Per Week:    $5.226
Cost Per Month: $20.91
Cost Per Year:    $271.78

Unless the calculator I used is wrong.

[ManOfKnight]

I thought the price per month was way high as well...but i had it set to one month.

Here is what I have:

http://bitcoinx.com/profit/

Difficulty:                 1563027
Hash rate:                395Mh/s
Time frame:              1 month
Electricity rate:          0.0915
Power consumption:   350
Coins per Block:         50
Conversion rate:         $14.72

LOL...nevermind...WOW...I guess lack of sleep is kicking in.  I was looking at the after power and thinking that was how much the power cost.

Revenue per day: 3.74 USD
      ... less power costs: 2.97 USD

Revenue per time frame: 113.89 USD
      ... less power costs: 90.49 USD

Hardware break even: 0 seconds
Net profit first time frame: 90.49 USD


KILL THIS THREAD PLEASE...I APOLOGIZE FOR MY MOMENTARY LAPSE OF SITUATIONAL AWARENESS.

[cryptomint]

Lack of sleep will do that 

[ManOfKnight]

Thanks for understanding.   

[BitcoinHost.co.uk]

I just ran the numbers after getting a Kill-A-Watt

I have a 6970 running about 400MH/s

I'm running a RADEON 5850HD at about 340MH/s and the power consumption is an additional £0.06 per hour when mining or £1.44 a day, based on 10p per KW/h (prices in GBP)

I use one of these:

http://www.6thplanet.com/store/product/hohominim_l.jpg

[old_engineer]

Those with subsidized electricity costs, or with access to free electricity, are those destined to sell btc at below market rate.

For everyone else, I think mining will become seasonal, with northern hemisphere miners running full-tilt in their winter, using the heat to help power their homes (double duty), and southern hemisphere miners turning off their rigs through the summer so they don't have to pay to both run their rigs + pay for extra A/C to cool their houses.