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Und3rd0g (OP)
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April 27, 2014, 11:42:50 PM |
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Has the market for 1TH miners been over-saturated by easy to ship/inexpensive Chinese miners hitting the market (before late coming pre-orders have been fulfilled)? Is the opportunity for home based mining over? Have the electricity cost requirements finally made home based mining unprofitable and/or undoable (undoable based on electricity requirements)? Thoughts?
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solarion
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April 27, 2014, 11:46:13 PM |
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Kinda depends on your electricity costs.
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xstr8guy
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April 27, 2014, 11:47:36 PM |
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Kinda depends on your electricity costs.
And the ability to cool your house and miners. |
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Und3rd0g (OP)
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April 27, 2014, 11:59:18 PM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. |
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Unacceptable
Legendary
 Offline
Activity: 2212
Merit: 1001
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April 28, 2014, 01:21:45 AM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. At least for BTC mining...........thanks ASICminer,Megabigpower,KNC & others for your continued datacenter growth  Just plain old GREED  The altcoin mining isn't much better,but the new ASIC's do use ALOT less power than GPU's...................... |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan  |
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xstr8guy
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April 28, 2014, 01:34:10 AM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. $210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill.  |
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Und3rd0g (OP)
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April 28, 2014, 01:41:04 AM |
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$210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. I am running 2+THs. I had a simple question for the masses. What is your point? |
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dlasher
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April 28, 2014, 03:51:43 AM |
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$/GH at present diff is insanity for almost everything currently for sale.... not worth it..
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xstr8guy
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April 28, 2014, 04:19:28 AM |
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$210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. I am running 2+THs. I had a simple question for the masses. What is your point? If you're mining with 2THs you wouldn't be worried about a $200 electric bill. You should be easily covering your costs after a few days of mining. And if your electric bills are only $200 per month then you must have some really cheap hydro or geothermal power in your region. My electric bills the past few months have been over $700 while mining with 3THs although some of that was first gen, power hungry gear and I work at home and have other computers running all day. I just added 3THs in past week and am dreading the next electric bill. |
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gallery2000
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April 28, 2014, 04:41:02 AM |
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Has the market for 1TH miners been over-saturated by easy to ship/inexpensive Chinese miners hitting the market (before late coming pre-orders have been fulfilled)? Is the opportunity for home based mining over? Have the electricity cost requirements finally made home based mining unprofitable and/or undoable (undoable based on electricity requirements)? Thoughts?
It does not make any differences whether the miners were shipped to the USA or China. If the miners are mining, then the difficulty will go up, thus making mining unprofitable. |
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Zelek Uther
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April 28, 2014, 05:58:54 AM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. $210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. For the record, I am running 9 USB Block Erupters and a Jalapeño. ... plus some other stuff  |
Run a Bitcoin node, support the network.
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skleven
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April 28, 2014, 12:58:58 PM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. I don`t get it. You are over $1500 in the green, and still you feel like giving it up. Your standards are quite high imo.... |
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padrino
Legendary
Offline
Activity: 1428
Merit: 1000
https://www.bitworks.io
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April 28, 2014, 01:58:23 PM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. I don`t get it. You are over $1500 in the green, and still you feel like giving it up. Your standards are quite high imo.... Great point, I think a lot of us that hit at the right time were getting comfortable with massive returns.. being that far in the black is still a solid number, not what it was but then again those times have passed. |
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Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
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April 28, 2014, 04:14:20 PM |
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$210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. I am running 2+THs. I had a simple question for the masses. What is your point? If you're mining with 2THs you wouldn't be worried about a $200 electric bill. You should be easily covering your costs after a few days of mining. And if your electric bills are only $200 per month then you must have some really cheap hydro or geothermal power in your region. My electric bills the past few months have been over $700 while mining with 3THs although some of that was first gen, power hungry gear and I work at home and have other computers running all day. I just added 3THs in past week and am dreading the next electric bill. haha $700 a noob electric bill... Mine is $2400 per month  |
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tzortz
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April 28, 2014, 09:33:49 PM |
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What are you running?
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All is Mine!
1H7LUdfx9AFTMSXPsCBror3RDk57zgnc2R
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xstr8guy
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April 29, 2014, 08:43:41 PM |
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$210?! What, are you running 5 USB Block Erupters and a Jalapeño? That's a noob's electric bill. I am running 2+THs. I had a simple question for the masses. What is your point? If you're mining with 2THs you wouldn't be worried about a $200 electric bill. You should be easily covering your costs after a few days of mining. And if your electric bills are only $200 per month then you must have some really cheap hydro or geothermal power in your region. My electric bills the past few months have been over $700 while mining with 3THs although some of that was first gen, power hungry gear and I work at home and have other computers running all day. I just added 3THs in past week and am dreading the next electric bill. haha $700 a noob electric bill... Mine is $2400 per month Lol, it's all relative, I guess. My bill will likely double this month since I just added 3THs plus increased A/C usage. |
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tzortz
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April 29, 2014, 09:17:53 PM |
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To the op, I could not find any $2500 on ebay.
Can you please share a link?
Thanks.
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All is Mine!
1H7LUdfx9AFTMSXPsCBror3RDk57zgnc2R
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w00tcoin
Member
Offline
Activity: 98
Merit: 10
w00t!coin
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April 30, 2014, 01:02:48 AM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. Jesus Christ you are paying a lot for power. |
>> __ AntMiner S1 for sale. Message me. __ <<
>> __ 9 of 10 left. One sold so far. w00t! __ <<
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Und3rd0g (OP)
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April 30, 2014, 02:33:26 AM |
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Und3rd0g (OP)
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April 30, 2014, 02:35:47 AM |
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Kinda depends on your electricity costs.
I am clocking a $.139450/kWh rate. This has resulted in a $210 electric bill this month. I am thinking it might be time to cash in and move on from the mining experience. Jesus Christ you are paying a lot for power. I am curious. I thought the rate I got was reasonable. What are you paying for electric? |
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