Quote from: paul21 on June 10, 2017, 03:33:07 AM

Quote from: poby on June 10, 2017, 03:23:27 AM

Quote from: paul21 on June 10, 2017, 03:10:08 AM

GPU mining was dead in a few months for how many years now? I put together a 4x 7950 rig in 2013, and it's been more or less profitable for 4+ years despite bitcoin, scrypt, and others all going ASIC. It's not always highly profitable, but at a minimum I get free power for 3-4 months a year because I account the heat output as equivalent to my resistance-based heater. By the time the residual value of the hardware is calculated, it's basically a medium risk hobby.

How much do you pay in US cents per kwh?

I have been paying 9-12 c/kwh since 2013. In the winter months (nov-mar) it is 0 c/kwh since my home is heated with a giant resistor, and this offsets that.

Aint you a lucky one

I was hoping you were gonna say 20 c/Kwh. Then there might be some hope for those of us without such cheap electric. But yeah like I said, unless you got cheap electric, it's never gonna be a profitable business in the medium to long term.

Outside North America and India and China, we are stuck with high electric going up dramatically every year. Sux to be us Sad