Calculating Dollar Per GH/s ...

[Katarina]

Why not buy and host there? Cheaper and faster. No tax duty.

Host there? You mean bitmaintech host it for you?

[testerman]

Antminer S3, it seems cheapest mining hardware in the world. BUT it is not.

Assuming you will mine with this device for one year. Because after a year, hardware mines nothing because of diff rise.

Lets calculate the how much it costs..

0.68 BTC for 441 GHS.

340 watt for 441 GHS = (0.34kwh/441ghs)*0.15$/kwh*24*365/(550$/BTC) = 0.00183 btc/ghs in one year energy cost with 0.15 $ / kwh

0.68/441 = 0.00154 btc/ghs comes from order
0.00183 btc/ghs comes energy cost

PSU : lets say, 75$ ----> 75$/441/550$/BTC = 0.00020 btc/ghs

TOTAL COST IN ONE YEAR

0.00154 + 0.00183 + 0.00031 = 0.00368 BTC/ghs = 2.02 $ / ghs @ 550$/btc


Some advise for you, just try cloud mining services with has no fee policy. Just like http://pbmining.com with prices 0.0029 btc/ghs for five years and with no maintance fees, no pool fees, no any other recurring costs,hardware mining is useless at the moment.

[Bitsaurus]

Antminer S3, it seems cheapest mining hardware in the world. BUT it is not.

Assuming you will mine with this device for one year. Because after a year, hardware mines nothing because of diff rise.

Lets calculate the how much it costs..

0.68 BTC for 441 GHS.

340 watt for 441 GHS = (0.34kwh/441ghs)*0.15$/kwh*24*365/(550$/BTC) = 0.00183 btc/ghs in one year energy cost with 0.15 $ / kwh

0.68/441 = 0.00154 btc/ghs comes from order
0.00183 btc/ghs comes energy cost

PSU : lets say, 75$ ----> 75$/441/550$/BTC = 0.00020 btc/ghs

TOTAL COST IN ONE YEAR

0.00154 + 0.00183 + 0.00031 = 0.00368 BTC/ghs = 2.02 $ / ghs @ 550$/btc


Some advise for you, just try cloud mining services with has no fee policy. Just like http://pbmining.com with prices 0.0029 btc/ghs for five years and with no maintance fees, no pool fees, no any other recurring costs,hardware mining is useless at the moment.

What you forgot in your calculations was that when pbmining gives you a 404 error in 3 months you're 5 year contract is now worthless, the S3 will still be mining and under warranty. Cloud mining leads to centralization - no point in supporting it.

[johny08]

Hello,

This is a dumb question for sure, but I can't find it anywhere.

How do I calculate the "dollar per GH/s" for a system?

I assumed I just divide the cost of the system by the hash rate but that doesn't seem right.

Thank you for your time.

No, you cant calculate, you can just estimate, cause its hard to predict the difficulty rise every 10 days and the bitcoin price over the next 6 months.

[jonnybravo0311]

Hello,

This is a dumb question for sure, but I can't find it anywhere.

How do I calculate the "dollar per GH/s" for a system?

I assumed I just divide the cost of the system by the hash rate but that doesn't seem right.

Thank you for your time.

No, you cant calculate, you can just estimate, cause its hard to predict the difficulty rise every 10 days and the bitcoin price over the next 6 months.

How do either of the two things you mentioned have any effect whatsoever on dollar to GH/s ratio?  First, difficulty changes every 2016 blocks, not 10 days.  Also, it does not always go up, it can go down (although the last time it did was January of 2013).  Bitcoin price over the next 6 months has no bearing on how much the hardware cost.  Difficulty changes have no bearing on how much the hardware cost.

Your hardware cost X dollars and gets Y hash rate.  Therefore, it gets X/Y dollar to GH/s.  Example: You pay $1000 for 600GH/s, it's $1.67 per GH/s.

[l3sny]

Why not buy and host there? Cheaper and faster. No tax duty.

Host there? You mean bitmaintech host it for you?

well... not bitmaintech actually

check easy2mine

https://bitcointalk.org/index.php?topic=514758.0

This guy is very reliable.

[JessicaSe]

Why not buy and host there? Cheaper and faster. No tax duty.

Host there? You mean bitmaintech host it for you?

well... not bitmaintech actually

check easy2mine

https://bitcointalk.org/index.php?topic=514758.0

This guy is very reliable.

Still prefer to host it ourself after so many scammer going on in bitcoin world... just feel risky..

[l3sny]

yea I know. But there must be someone reliable an honest. And by coincidence it is this guy. Just follow the thread, it is 65 pages long.

https://bitcointalk.org/index.php?topic=514758.1240;topicseen

If you choose to host yourself you also pay for the delivery and tax duty. And PSU in most cases. And you wait a couple of days. The benefit of that is that you can sell your hardware and make some profit on the top of it if you are lucky.

This analisys is obviously leading us to kryptologika. We are offering shares in hosted miners, reasonable maintenance fees and physical silver. At the moment there is no match to our product   

[jwcastle]

I'm looking over Cex.io's pricing structure, even if you get the GH/s free, you still end up making LESS than what they charge in maintenance fees.

I just unplugged all of my remaining mining rigs because it's no longer profitable. I'm just glad that I'm getting out now instead of dumping more fiat on more mining hardware that won't make a profit. I'm taking some huge losses, but I'm not about to throw away good money after bad.