Quote from: deadsix on December 06, 2016, 05:37:03 PM

Quote from: newinbtc on December 06, 2016, 03:24:08 PM

Quote from: Sahyadri on December 06, 2016, 02:33:03 AM

Considering a 4 card setup mining ZEC

Equipment cost = INR 1,00,000/-

Power consumption = INR 3,000/month

ZEC earned = INR 9,000/month

Monthly earning = INR 6,000/month

considering a 12% interest on initial investment it will take 18 months for ROI if difficulty and ZEC/INR rates remain stable.

please correct if I have miscalculated anywhere.

What if Electricity cost Become 2 rs Per unit....
This is possible in India only
People who have links in Government Firms or Big industries who provides rooms for employees for low minimum rates... here where i am living i have seen many people consume lot of electricity....

We can contact that room owner and save 2500 per month + we will get room for live
or
another idea A hostel student can use this because Bill will be paid by College ....

Haha a distributed network spread across a hostel could work well. Especially since these mining rigs can be used as fully functional computers, even play games while they mine. I had also explored renting out these systems to startups for negligible fee with the condition that they would need to insure 24/7 power and internet, but it needed too much initial investment for me to get into.
I do know a few people in Bangalore itself that pay a fixed amount for electricity, and for such arrangements mining rigs are pretty lucrative.
Don't say this can happen only in India though, most of the worlds renewable electricity supply is dirt cheap, like hydel power plants etc. Toonim brothers, who operate a large mining facility, are located next to a Dam/Reservoir and have dirt cheap electricity. Most of the Chinese operations rely on dirt cheap/free electricity, and over 70% of the worlds hashing power is located there.

Anyways, I'm still bullish on Etherium, but a little unsure of Zcash. I'll be mining and holding for a while, im in for the long haul. Remember those stories of people who had mined a 1000 Bitcoins and held them, then the price broke $1000? A million dollars from a few PC's running unattended. That's the dream.

I'm also looking for someone from who I can hire a rig. I'm a student and electricity is totally free out here but investment I have is very less