Post
Topic
Board Mining
Re: Mining will always be barely profitable
by
NetTecture
on 11/07/2011, 08:49:44 UTC
I'm in California, I own my home so I pay my own electricity.  I'm in an electricity worst-case scenario.   Angry

No you're not... If i calculated right that is 15 cent /kwh. Thats really high for american standards, but cheap compared to germany. We currently pay 22 (euro)cent per kwh ~ 25 $cent. I'm running two rigs with 1300W. Thats almost 7€ a day just for power.

Which is pretty much your problem Wink I can offer you colocation in about a month cheaper than that including administration - I am JUST outside of germany and pay.... 6.5 cents Wink + VAT. During the day - night is cheaper Wink

You show a good problem - basically people spending a lot for power WILL be at a loss. Anyone not running a farm will be miniscule in some months, not worth the trouble.