We just crossed below the profitability point for all the 1Ghash for 1W home miners out there (home meaning electricity is 10c/kWh).
I'm keeping my miners on just due to the fact they keep my room warm. End of an era for my home mining setup.
I would like to see your math because we passed this long time ago. LOL
seriouscoin, you're wrong.
Math:
1) 1 gh/s for 1W = 1000 gh/s for 1KW
2) 1000 gh/s mine 0.01144 BTC per day(
https://bitcoinwisdom.com/bitcoin/difficulty)
3) 0.01144 BTC = 2.39088 USD (current btc-e price $209 per btc)
4) 1 KW * 24 hours *0.1 USD/(KW * hours) = 2.4 USD
So
TheJuice was right.
QED.
Although, if you mean a relatively recent period, when the BTC cost even cheaper, then you're both right. But in any case we did not pass this a
long time ago.