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Author Topic: How much do you pay for mining?  (Read 635 times)
Wiz Khalifa
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May 01, 2012, 10:29:31 PM
 #1

Just wondering how much you guys usually pay per month on mining.
I might start but I don't know if I should because it might cost to much.

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Blazr
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May 01, 2012, 10:47:13 PM
 #2

The cost of mining varies GREATLY depending on what hardware you use, where your from and what electricity company you use. There is no average.

Anyways, here is what it roughly costs me (I have 700MHash):
Revenue per month:     193.69 USD
Power cost per month: 131.49 USD
Monthly profit:            62.20 USD

If you take into account all the time I spend fiddling with it and the cost of the hardware, I'd be making a loss. Nowadays due to increased network difficulty, mining is something you do for fun, and not solely to make a profit.

Here is a link to a handy calculator you can use to estimate your mining income, cost & profit:
http://bitcoinx.com/profit/index.php

And a page that compares mining hardware:
https://en.bitcoin.it/wiki/Mining_hardware_comparison

Busy ATM.
swissmate
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May 16, 2012, 09:47:21 PM
 #3

You like messing up with your pc? Start getting 5850's
If you want to mine only for the benefits don't do it, it's not worth

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akodi
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May 16, 2012, 11:10:03 PM
 #4

Profit margins are pretty small now.

back in the day when coins were up to $30 each i was pulling in 7.50 a day with a single 5850.
atomicswan27
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May 18, 2012, 05:55:23 AM
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This greatly depends on the hardware you have

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weex
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May 18, 2012, 06:06:05 AM
 #6

I like https://ferroh.com/calculator more since it's simpler to parse. Mining is a decent way to dollar-cost-average into BTC and as long as you don't create huge electricity costs you don't necessarily have to sell them.

wildemagic
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May 18, 2012, 02:03:51 PM
 #7

I like the calculator on the front page of deepbit, its based on their user database, just put in your hash rate and it spits out how many BTC you make per day.

kind regards

.,-._|\     Offgrid 1.7kW Solar and 3G wireless internet powering my mining rig.
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May 18, 2012, 02:24:39 PM
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I like the calculator on the front page of deepbit, its based on their user database, just put in your hash rate and it spits out how many BTC you make per day.

kind regards

Im pretty sure that calculator is based on the same calculations used by bitcoinx.com except with their 10% PPS fee included.

...In the land of the stale, the man with one share is king... >> Clipse

We pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
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