at that point in time since your power is free it earns money. were you looking to make your 1000 usd back in 1 month or 2 months?
I'm sure you'll say you weren't being a little antagonistic with me but it sure looks that way to me.
I'm not insulting anyone, I'm not looking for problems or little forum wars, I am simply asking questions and thankfully, receiving some answers.
I said very early on in my post that I am not looking for a get rich quick scheme but like anyone, if I will invest in something, I would like to better understand it.
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okay I will ask again what is it that you want to get from 3 kwatt of free power? As I read your question the math is very simple to answer.
You should buy some gear and mine. As for sidehack's point of buying a few coins to help coin demand you can do that too.
Buy an sp20 and a psu. or buy an antminer s-5 and a psu. that is 500 usd. you will get about 1200gh and use about 600-650 watts of your 3kwatts.
with the other 500 buy 2 coins. I am still pro bitcoin in general.
Just not as pro as I was a year ago.
If you buy an sp20 and a psu for 500 here is the math. you should be paid off in october of 2015 and the unit should make money from then on.
I am not discouraging you. I am telling you to mine. but the math below is most likely very close to what will happen.
With a 500 dollar investment in 1 miner and 1 psu and free power you will make a few bucks. I used 5% as the difficulty growth rate some would argue that number should be 8% some would say it should be 3%. At 3% you look a lot better at 8% you look a lot worse.
