Thanks for your help and the link. So at that rate I'd use about 10,700kwh per month. And at .09/kwh I'm looking at a $1000/mth electric bill for one T1 miner.
Definitely can't to afford to start mining with Asics just yet. Maybe I'll start with gpu's or fpga.
35.5kWh ∙ 30Days =
1065kwH per Month for a single T1 Miner, where did 10,700kWh came from?
Perhaps, this? (
1,480):
1,480(kW) x 24 (hours in day) = 35.5 kWh (whole day consumption)
Some members are using comma (,) instead of dots (.) in decimals which is confusing, IMO.
Or he just mistyped (kW) instead of (W).
Yea, I mess it up by using both comma and dot as decimal separator in single equasion. It's definitely confusing. Sorry about that.
Correct should be:
1.48(kW) x 24 (hours in day) = 35.5 kWh or
1,48(kW) x 24 (hours in day) = 35,5 kWh
So in one month the T1 eats around 1065 kWh -> which is around $100 monthly at OPs el. price.
@OP: as of GPU mining it's more or less the same case.
nevertheless few advantages
- GPUs can be used to mine more algos so you have more options where to use it.
- you most probably find a buyer for used GPU easier than for an old ASIC (in case you decide to cease you mining operation)
