Bitcoin Forum
May 09, 2024, 11:50:27 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Cents per GHash/s (at current difficulty)?  (Read 6887 times)
marcus_of_augustus (OP)
Legendary
*
Offline Offline

Activity: 3920
Merit: 2348


Eadem mutata resurgo


View Profile
February 20, 2011, 08:57:25 PM
 #1


Hi Miners,

There has been some discussion about the current costs associated with mining for bitcoins. Obviously it is dependent on a few variables but if we could come up with a ballpark figure, or a range, for the UScents per GHash/second at the current difficulty.

Take the most efficient card now available, AMD HD 5970, run it at most efficient clocking/power consumption, calculate the (GHash/s)/kiloWatt,
https://en.bitcoin.it/wiki/Mining_Hardware_Comparison
I suggest measure it directly for your total rig, i.e. include mobo, monitor if you use one, etc.

Multiply by your local kiloW.hr electricity rate and divide by Bitcoins per GHash/sec at current difficulty,
http://www.alloscomp.com/bitcoin/calculator.php

Estimate current UScents/ bitcoin. Add on top of that card amortisation (say 1 card last for 12 months on average). Call this gross expenditure.

Add on top 30% for sys admin and sundry overheads (more if you think necessary). Get final UScents per bitcoin, (or whatever your local currency units if you prefer.)

I'll do a spreadsheet if anybody wants it.

1715255427
Hero Member
*
Offline Offline

Posts: 1715255427

View Profile Personal Message (Offline)

Ignore
1715255427
Reply with quote  #2

1715255427
Report to moderator
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715255427
Hero Member
*
Offline Offline

Posts: 1715255427

View Profile Personal Message (Offline)

Ignore
1715255427
Reply with quote  #2

1715255427
Report to moderator
1715255427
Hero Member
*
Offline Offline

Posts: 1715255427

View Profile Personal Message (Offline)

Ignore
1715255427
Reply with quote  #2

1715255427
Report to moderator
1715255427
Hero Member
*
Offline Offline

Posts: 1715255427

View Profile Personal Message (Offline)

Ignore
1715255427
Reply with quote  #2

1715255427
Report to moderator
casascius
Mike Caldwell
VIP
Legendary
*
Offline Offline

Activity: 1386
Merit: 1136


The Casascius 1oz 10BTC Silver Round (w/ Gold B)


View Profile WWW
February 20, 2011, 09:11:26 PM
Last edit: February 20, 2011, 10:25:06 PM by casascius
 #2

Here are some stats I just ran on my mining rig with two 5970's.  I have a "Kill-A-Watt" meter that measures the actual power consumption at the AC plug.

(Note, 5970 has two cores per card, so 4 cores)

Machine idle, booted up, no mining: 215 watts

Start 1 core mining: 315 W

Start 2 cores mining: 440 W

Start 3 cores mining: 560 W

Start 4 cores mining: 685 W

All of them are mining at stock specs.
After running a script that pushes them from 725 to 770 MHz and runs fans full speed: 740 W

For GPU only, it looks like about 120 watts per core, for 280 MHash/s, or 135 watts per core for 305 MHash/s.  Add 50W/core for mobo/CPU overhead (though one could fit more than 2 cards per board).

REAL cost of mining in watts for me: 305 MHash/s = 185W.  I pay about 9.5 cents per kWh, so in dollars...

$/Mhash = $0.095/kWh * h/3600s * 0.185kW / (305MHash/s)

= 0.095 / 3600 * 0.185 / 305 = $0.00000001601/MHash

$0.00001601/GHash

or 62461 GHash for $1

On average it takes about 4.2 GHash * difficulty to solve a block, Difficulty = 36460

So it takes me 153132 Ghash to solve a block, or $2.45 in power.

$2.45 / 50 BTC = 4.9 cents per BTC real power cost.



Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
seef
Full Member
***
Offline Offline

Activity: 186
Merit: 100


View Profile
February 21, 2011, 12:52:14 AM
 #3

Wow your power is cheap. Here in germany I pay 0.20 euro cent kw/h.
demonofelru
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
February 21, 2011, 01:29:06 AM
 #4

Something seems wrong do you have 2 5970's?  5970's don't have 4 cores AFAIK.  Also it shouldn't be possible for a 5970 to use 500+ watts it can take about 150 watts from slot 150 from 8 pin pci-e and 150 from 6 pin I've heard 6 pin could use more without failing but would be out of spec.  That also doesn't take into account 5970 should be running at 50 or more watts at idle so it would be using about 600 watts at load something is wrong.
Here are some stats I just ran on my mining rig with two 5970's.  I have a "Kill-A-Watt" meter that measures the actual power consumption at the AC plug.

(Note, 5970 has two cores per card, so 4 cores)

Machine idle, booted up, no mining: 215 watts

Start 1 core mining: 315 W

Start 2 cores mining: 440 W

Start 3 cores mining: 560 W

Start 4 cores mining: 685 W

All of them are mining at stock specs.
After running a script that pushes them from 725 to 770 MHz and runs fans full speed: 740 W

For GPU only, it looks like about 120 watts per core, for 280 MHash/s, or 135 watts per core for 305 MHash/s.  Add 50W/core for mobo/CPU overhead (though one could fit more than 2 cards per board).

REAL cost of mining in watts for me: 305 MHash/s = 185W.  I pay about 9.5 cents per kWh, so in dollars...

$/Mhash = $0.095/kWh * h/3600s * 0.185kW / (305MHash/s)

= 0.095 / 3600 * 0.185 / 305 = $0.00000001601/MHash

$0.00001601/GHash

or 62461 GHash for $1

On average it takes about 4.2 GHash * difficulty to solve a block, Difficulty = 36460

So it takes me 153132 Ghash to solve a block, or $2.45 in power.

$2.45 / 50 BTC = 4.9 cents per BTC real power cost.




Names do not matter; however, if you insist...id...
Dude65535
Full Member
***
Offline Offline

Activity: 126
Merit: 101


View Profile
February 21, 2011, 02:28:48 AM
 #5

It says in his post that he has 2 5970s

1DCj8ZwGZXQqQhgv6eUEnWgsxo8BTMj3mT
demonofelru
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
February 21, 2011, 03:13:40 AM
 #6

It says in his post that he has 2 5970s

Hehe I really need to learn to read sorry.

Names do not matter; however, if you insist...id...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!