difficulty skyrocketing and price stagnant

[BCMan]

I think we will see a "rotation" or a "shift" of miners when the difficulty goes up.

The new and more efficient miners will push the less efficient/profitable miners out of the market. The difficulty will probably keep going up slowly, but this effect should keep it in check somewhat.

oh, the people that mine for a loss will drive the profitable miners out of the market?  surely you arent talking about those $500 FPGAs

i'd rather get pushed out by the hordes of zombified computers

I mine with FPGA's and I live where the electricity is dirt cheap. My FPGA's should pay themselves off in a few months, I am VERY far from mining at a loss.

I imagine others like me will push out people mining with GPUs where the electricity is costly. I can keep mining at a profit with a high difficulty/low price, botnets and other FPGA miners permitting.

How much do you pay for electricity?
 Wondering what is lifecycle of fpgas. 2 years, even lesser maybe? Warranty for BFL Singles is just 6 months, a fucking joke. Hope it will not die a bit later after it'll end.

[jothan]

I think we will see a "rotation" or a "shift" of miners when the difficulty goes up.

The new and more efficient miners will push the less efficient/profitable miners out of the market. The difficulty will probably keep going up slowly, but this effect should keep it in check somewhat.

oh, the people that mine for a loss will drive the profitable miners out of the market?  surely you arent talking about those $500 FPGAs

i'd rather get pushed out by the hordes of zombified computers

I mine with FPGA's and I live where the electricity is dirt cheap. My FPGA's should pay themselves off in a few months, I am VERY far from mining at a loss.

I imagine others like me will push out people mining with GPUs where the electricity is costly. I can keep mining at a profit with a high difficulty/low price, botnets and other FPGA miners permitting.

How much do you pay for electricity?
 Wondering what is lifecycle of fpgas. 2 years, even lesser maybe? Warranty for BFL Singles is just 6 months, a fucking joke. Hope it will not die a bit later after it'll end.

I pay about 0.05 $ CAD (canadian dollars) per kWh.

[bombo999]

I pay about 0.05 $ CAD (canadian dollars) per kWh.
[/quote]

Which city are you in?

[jothan]

Which city are you in?

Montreal, Quebec, Canada

[aqrulesms]

Although I have only one 5850 it is quite profitable here in Austin, Texas too.

Electricity is CHEAP $0.0355/KWh

Even with current difficulty levels I have a pretty reasonable profit. (Around 80% efficiency)

[rjk]

Although I have only one 5850 it is quite profitable here in Austin, Texas too.

Electricity is CHEAP $0.35/KWh

Even with current difficulty levels I have a pretty reasonable profit. (Around 80% efficiency)

$0.35 or $0.035? 35 cents per kwh is EXPENSIVE, not cheap.

EDIT: I see your edit now. Yes that is a very good price.

[Tittiez]

Although I have only one 5850 it is quite profitable here in Austin, Texas too.

Electricity is CHEAP $0.0355/KWh

Even with current difficulty levels I have a pretty reasonable profit. (Around 80% efficiency)

$0.06/KWh here near Pittsburgh, Pennsylvania.

[Clipse]

Although I have only one 5850 it is quite profitable here in Austin, Texas too.

Electricity is CHEAP $0.0355/KWh

Even with current difficulty levels I have a pretty reasonable profit. (Around 80% efficiency)

$0.06/KWh here near Pittsburgh, Pennsylvania.

Still a huge profit margin even on that price, no need to stress just yet

[cuz0882]

I pay .0208/KWh in the northwest. The heat from gpu's is the biggest issue around here.

[jothan]

I pay .0208/KWh in the northwest. The heat from gpu's is the biggest issue around here.

I am limited by the maximum power available to use electrically and then dissipate thermally. This is also my main logistical limitation.

[mdude77]

$0.06/KWh here near Pittsburgh, Pennsylvania.

I'm near Pgh, PA as well.. and paying .07.  What provider are you using?

M

[aqrulesms]

I pay .0208/KWh in the northwest. The heat from gpu's is the biggest issue around here.

I am limited by the maximum power available to use electrically and then dissipate thermally. This is also my main logistical limitation.

What I do is just put the rig in the garage, open the back door and let the heat flow outside, while still protecting the rig from the elements.

[arklan]

what's the collective thought on liquid cooling to deal with the heat? figured i'd ask here, since you're discussing heat...

[mdude77]

what's the collective thought on liquid cooling to deal with the heat? figured i'd ask here, since you're discussing heat...

I can't speak for the collective, but I can speak for myself.

Liquid cooling will obviously keep your cards cooler.

However, I think you'll still have the same amount of heat, it just might be easier to manage it.  That is, instead of the cards warming up more and blowing how air all over the place, you'll have a radiator of sorts to dissipate the heat from the water. 

And there's the added expense to going liquid cooling.  And the risk of something going wrong and frying a bunch of components.  Unless you submerge the whole thing in non conductive oil.

My .1 BTC worth.

M

[arklan]

yea... reason i said liquid instead of water. no way am i using something that conducts electricity like that...

i'll look into it more. thanks.

[nimnul]

I still think most miners are mining to mine and dump with no long term outlook/prospect.

I think many miners mine to hoard.

[BlackPrapor]

This is bullshit, why the hell isn't bitcoin following the basic laws of supply and demand ?

What the hell is going on with the hashrate ? It can't be FPGA's yet and why the hell would people be throwing money at GPU's right now?

just weird.

I see a lot of shit hitting ...the stove apprently  , calm down guys. Back to the topic. Ok, difficulty and price are not 100% correlated!!! Stop whining and make some decent web sites offering products for bitcoins and maybe invest into bitcoin ATMs

[01BTC10]

I pay about 0.05 $ CAD (canadian dollars) per kWh.

I don't thing your number are right. I calculated from one year electricity bill and paid CAN 0.08$ /kWh

The official rates are confusing but it's higher than 0.05$

http://www.hydroquebec.com/residentiel/tarif-residentiel.html

[muqali]

If you live in Canada open a spa with a sauna and use the heat from a mass GPU mining op to heat it. Make money in 2 ways