Post
Topic
Board Mining
Re: Capital cost.
by
grod
on 08/07/2011, 01:23:27 UTC
Here's another way to look at the OP's investment.  He could have spent $8000 on bitcoins.  I'm sure they'll be $13 again this weekend, so I'll use that as the price.

8000/13 = 615

At 7 gigahash the OP should be mining around 3.5 bitcoins a day, at a power cost of at least .5 btc/day.  Now assuming no difficulty increases we're talking 200 days to earn that many BTC.

Look at prices and difficulties right around the end of last year (200 days ago) to guestimate how likely it is your hardware will *ever* generate anywhere near 600 bitcoins over its lifetime.  You've just bet 8000 dollars no ASIC of FPGA miners get introduced until well into next year, and the 7 series radeons won't be very good at mining -- both very poor bets.