Quote from: [Coins!] on June 22, 2011, 07:05:07 PM

Quote from: Synaesthesia on June 22, 2011, 07:02:39 PM

Well that depends on mining hardware and electricity costs. But according to this it would still yield a profit even at 17$ a bitcoin! Try it!

$17/bitcoin yields a profit at 7M difficulty. But that doesn't factor in the hardware costs, right, only electrical costs? And profit of $0.0000000001 is really profit? Does that factor in the transaction costs for dwolla or mtgox? Is 'it is still profitable' a reasonable statement, with fees?

What about the investment in hardware?

It's a much nicer picture if you factor in a BTC value of $60 at 7M difficulty. I mean as long as we're playing Nostradamus here.