Quote from: poby on June 09, 2017, 11:05:36 PM

Market Cap is irrelevant. Yes GPU mining will die very likely before the end of this year for those paying more than 10 cents a kw. The reason being the constant flood of new miners coming online is rapidly increasing the difficulty of all the coins. If it weren't for the rapidly increasing prices, it would be dead already. The simple inescapable fact is that gpu mining depends on increasing coin value to sustain profitability. If prices stop rising, difficulty will still keep increasing for a while, profits will plummet, anyone paying more than 10 cents a kw will be losing money. Ebay will be flooded with high end video cards so you will be lucky to get back 10 cents on the dollar of what you paid for your rig.

It will happen. There can be no doubt about it. Maybe not this month, maybe not next but the current boom times will definitely end. I think it's optimistic to hope to maintain profitability through to the end of the year, but we might be lucky. Those who got set up a few months ago, have done very well. Anyone building a rig now I reckon has at best a 50/50 chance of getting a ROI.

Well, ROI is 3 months, so basically if it remains profitable until the end of the year, I'll be in deep profit Cheesy

Quote from: poby on June 10, 2017, 04:32:59 AM

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

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

20c/kwh :O
That's just what the fuck, how do people live with those prices xD
I always thought electricity in Croatia was expensive, and it's 0.08$/kwh during the day and 0.038$/night
Since value of USD is fluctuating, it varies, Croatian Kuna is a lot more stable
USD is currently 6.62 HRK
0,52602 HRK from 7-22 (summer) and 0,25764 from 22-7
During winter it's 7-21 and 21-7, so an extra hour of cheap electricity

Basically, average daily price during the summer would be 0,4253775 HRK per kwh
So that's around 6.4c/kwh