wait producing a BTC costs only 28 cents a day?
I keep seeing a lot of miners talking about 1 BTC per day on average from the pools. right now thats like 250 bucks a month with today's pricing. their electric bills are only being affected $9/month in order to mine?
Right. I made the assumption that most of the hashing is done by the most efficient computers, assuming mining farms with 6990s produce a majority of the work. The factor is 2.5 megahashes per joule from the mining rig hardware comparison guide. So, if you want to downplay that factor, and say it's only 1.5, then multiply 28 cents by 1.66, so, about 47 cents. Even at 20 percent efficiency of what I estimate, that's about 1.50 per BTC, so the gains are at LEAST 6 bucks per BTC, or at LEAST 400 percent, per DAY. Which is insane, nothing gives you that return, ever, anywhere, which is why the gold rush to mine will continue to skyrocket and drive up the difficulty, AND/OR, there will be a price crash.