Post
Topic
Board Economics
Re: Poor wittle miners taking their ball and going home
by
oceancucumber
on 19/01/2015, 03:56:47 UTC
Who says miners are losing money? Any proof of that? Once they've bought their ASICs, electricity's cost is very low. They are making less money, that's right, but there's no sign any miner is actually losing money from its daily operation.

Very simple calculation: Electricity per month: 21'000.
Coins per month: 78
Price per coin: 200
Revenue: 15600
Loss: 5400

Price per coin: 300
Revenue: 23400
Profit: 2400

So why should I accumulate a monthly loss of 5400 at the moment?

And just as a reminder: The costs for the hardware and maintanance is NOT included here...

You pay to much for power, or your using ancient hardware

I'm thinking about putting solar panels on the house.  Should reduce power costs, right?