Post
Topic
Board Mining speculation
Re: Complete newbie - Looking for best starting guides / answers to total n00b Q's!
by
streazight
on 22/08/2016, 20:25:45 UTC
okay
power cost    power cost   power cost

if you are over 10cents you will lose money

if you are under 5 cents you should make money

if you are in between 5-10  it is a maybe

so what do you pay for power?
Of course, I agree what else in my country, the power cost is very high, and maybe about 22 cent per kwh. But, if the price more than USD 1000, I still get profit, and I hope next year can reach with that price
Not saying it won't, but it could take years for Bitcoin to get to that price. It could stagnate at 700 for a year, or it could go to 1000, but the risk factor is huge and you're essentially holding bitcoins, it's no different that buying BTC and hoping that price rises, which it probably will.