Bitcoin Forum
April 24, 2024, 11:34:22 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Break-even Exchange Rate for Miners?  (Read 1011 times)
nodroids (OP)
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
December 29, 2013, 09:34:26 PM
 #1

So, what is break-even exchange price looking like to you small-medium, but fairly pro miner, if you buy the best chips on pre-order? Break even in March assuming doubling of difficulty every month?

 I'm a non miner and my ignorance based calculations suggest that if you're buying the top chips on pre-order, like a Jupiter, then break-even exchange price is roughly $1350 for you small-medium, but fairly pro miners come February-March, presuming doubling of difficulty each month. Really I'm asking because I'm just a trader of all my families' new fiat into BTC as we get new fiat savings. Your guy's reality is a big part of the puzzle to supply and demand...





1713958462
Hero Member
*
Offline Offline

Posts: 1713958462

View Profile Personal Message (Offline)

Ignore
1713958462
Reply with quote  #2

1713958462
Report to moderator
1713958462
Hero Member
*
Offline Offline

Posts: 1713958462

View Profile Personal Message (Offline)

Ignore
1713958462
Reply with quote  #2

1713958462
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713958462
Hero Member
*
Offline Offline

Posts: 1713958462

View Profile Personal Message (Offline)

Ignore
1713958462
Reply with quote  #2

1713958462
Report to moderator
traiz
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile WWW
December 29, 2013, 11:32:04 PM
 #2

It depends on what you believe the difficulty is going to be, and your plans for BTC.
For me, its a hobby (got me out of some MMORPGs I've been stuck in for years).

Let's suppose I brought a November KNC Jupiter (for $5000 USD) earlier this year - hashing at around 680 GH.
At the current difficulty, 1180M, it will earn around .28 BTC/day.

If the current difficult stays 1180M for 30 days, before doubling, I would have 8.4 BTC at the end of the month (on Jan 1)
Next month, it would earn .14 BTC/day, at the end of that month - 4.2 BTC (on Feb 1)
and 2.1 march 1.
For a total of 14.7 BTC. So following your assumptions, break even would be around $340 per BTC (not counting the energy used to mine)


However, its more likely that the difficulty goes up 30% every 12 days....
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!