Post
Topic
Board Mining speculation
Re: Has Bitcoin mining ever been so unprofitable?
by
philipma1957
on 13/03/2018, 18:52:47 UTC
I think you are confusing revenue with profit, but here is historical revenue data.  I downloaded from blockchain.info two files:  Miners Revenue (total value of coinbase block rewards and transaction fees paid to miners) and Hash Rate (estimated number of tera hashes per second).  I divided the first by the second to get revenue per TH/s, et voila...

your chart is a joke


another shock value statement to get attention.

I started in July 2012  the network was  14 th
which was mostly gpus  2-3 per gh

or say 2500 per th so 2500 hd7970's were worth about 300 each = 750,000 usd a th for summer of 2012

 and power used was close to 500,000 watts for that 1 th so what if it earned 10,000  a th per day



(Moderator's note: This post was edited by frodocooper to remove a nested quote and to trim the quote from Bucc5207.)