that electricity cost must be a joke, you will never roi, even with the best technology and the biggest farm out there
cost of mining equipment is a non-issue here, with that electricity...
thank god for that xD
so with the new updated price will i see any profit do you think?
You will see a profit if you mine now and then BitCoin price gors up a lot. In that case you will be making a bigger profit if you simply buy BitCoins now. It is also a lot less work.
I would not promise that. With "electricity cost: £16.82 KWh" and less than 250 GHz of gear it will be hard. Chances are you will be lucky to pay off the gear even at that electricity price and miners you mentioned.
My point was even in the optimistic event that he makes a profit by mining, he stands to make a bigger profit by buying Bitcoins now instead. It is also a lot less work, simply buy and hold.
well buy and holding, it's good and all, but it will not increase your btc count, which is the point of mining