Mining profit evolution
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Actually … mining is still crazy profitable right now, when compared to a few months ago. When I got my first rig things looked more like this … and electricity prices increased another $0.05 this year for me, so I’m at $0.38/Kwh now.
Personally I expect profitability to go down way further. Considering the high electricity prices I pay, the 50% profit seems still way overboard.
btw. I carefully read this, before I finally made my decision to join in for the fun of it. [url=http://reckoner.com.au/2013/08/im-done-mining-litecoin/]http://reckoner.com.au/2013/08/im-done-mining-litecoin/[/url]
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I feel your pain the the electricity cost. If on a tariff here, starts at just $0.15, but I’m way into the $0.35 tariff.
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[quote name=“nimmneun” post=“53086” timestamp=“1390005909”]
Actually … mining is still crazy profitable right now, when compared to a few months ago. When I got my first rig things looked more like this … and electricity prices increased another $0.05 this year for me, so I’m at $0.38/Kwh now.Personally I expect profitability to go down way further. Considering the high electricity prices I pay, the 50% profit seems still way overboard.
btw. I carefully read this, before I finally made my decision to join in for the fun of it. [url=http://reckoner.com.au/2013/08/im-done-mining-litecoin/]http://reckoner.com.au/2013/08/im-done-mining-litecoin/[/url]
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Meh, free electricity here. Sadly, I only have one HD 7870 mining 24/7 with a 550watt PSU. Getting around 6-8FTC($2-3)/day. Going to save up some money to buy FTC from BTC-E. :) -
[quote name=“mattmct” post=“53090” timestamp=“1390007014”]
I feel your pain the the electricity cost. If on a tariff here, starts at just $0.15, but I’m way into the $0.35 tariff.
[/quote]0.24 USD here in Singapore :-[
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[quote]0.24 USD here in Singapore [/quote]
0,135 here and I can use the rig as a heater.
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.10 here. my brothers and me fix to build a 45000 k/hash farm to add to are 15000 k/hash. so i hope it goes up. we at least going to have allot of fun!!! If it all crashes we can host gaming conventions and have a ebay store lol. was thinking it would be cool to build a farm in a pool full of oil then we can go scuba diving to fix the rigs maybe Evan add some nice lights!!!
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[quote name=“colsteel” post=“53175” timestamp=“1390043457”]
.10 here. my brothers and me fix to build a 45000 k/hash farm to add to are 15000 k/hash. so i hope it goes up. we at least going to have allot of fun!!! If it all crashes we can host gaming conventions and have a ebay store lol. was thinking it would be cool to build a farm in a pool full of oil then we can go scuba diving to fix the rigs maybe Evan add some nice lights!!!
[/quote]Lol that is very ambitious!
all u guys Kw/h are cute!
I pay 0,50 USD here in The Netherlands… -
And NeoScrypt just brought it alll back…
Hello history!
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0.11 USD per kWh here.
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Between .1 and .11 depending on how much bulk I use each month. I also have a 22U space with no real power restrictions other than if I need more I have to run more extension chords. However, fucking sheetrockers in the database have shut 50% of me down, I moved most of the rigs back home for heat.
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sheetrockers?
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Yeah, new walls and wiring… gypsum dust is such a bitch
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Ahh, Drywall plasterboard. :)
