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Bitcoin Forum > Bitcoin > Mining > How long will it take to mine 1,000 Bitcoins at 3Ghps?
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ribuck
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May 12, 2011, 04:53:46 PM
 #21
Quote from: Zibbo on May 12, 2011, 12:21:18 PM
So if you are planning to mine for an extended period of time, you should concentrate on Mhash/W
Yes I think you have nailed it. In the long run, miners with the lowest electricity cost per hash are always going to be profitable. Other miners will experience good and bad times.
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May 12, 2011, 09:55:09 PM
 #22
Quote from: ribuck on May 12, 2011, 04:53:46 PM
Quote from: Zibbo on May 12, 2011, 12:21:18 PM
So if you are planning to mine for an extended period of time, you should concentrate on Mhash/W
Yes I think you have nailed it. In the long run, miners with the lowest electricity cost per hash are always going to be profitable. Other miners will experience good and bad times.

...such as those who have managed to sneak their mining rig into work and not pay for the electricity Smiley
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