Post
Topic
Board Mining speculation
Re: Not worth mining any longer for anyone not already in. Am I wrong?
by
D_Thomas
on 26/07/2013, 04:03:41 UTC
Please elaborate on how selling my Jalapeno was a bad decision and how I could make more than $2K in mining (assuming BTC price remains around $100 / BTC)? I hope I got this right but at the current difficulty and projected difficulty over the next 12 months my 7Gh/s Jalapeno would have mined  approximately 10 BTC. I stopped the calculation as of May 2014 because after that date my Jalapeno would be obsolete using more electricity cost that the value of coins mined.

If my math skills are right, 22 BTC I can buy now with the funds from the sale of my Jalapeno is greater than 10 BTC I could mine over the entire lifespan of the Jalapeno.

Even if I grossly miscalculated the payout and increase in difficulty, and if BFL is really going to be caught up with orders in 90 days, I could order 5 Jalapenos now for $1,000 (with 25% off coupon) and still have over $1K in the bank left over. Then I could go on my merry way mining with 5 Jalapenos 90 days from now. I really think it has to be a pipe dream that I can buy 5 Jalapenos now and 90 days from now be profitably mining with them.

Comments and suggestions welcomed. Like I said, I'm pretty green to all of this so I may have really screwed up the math. But when something sounds too good to be true, it usually is.


................   Jul-13   Augu   Sept   Octo    Nove    Dece   Janu   Febru   March    April    May   
Difficulty    3.12   4.34   6.76   10.37   16.15   24.80   38.62   61.00   90.99   139.68   214.41   
Coins/mo   3.38   2.43   1.56   1.020   0.650   0.430   0.270   0.170   0.120   0.0800   0.0500