Post
Topic
Board Bitcoin Discussion
Re: The dollar cost of bitmining energy
by
Stone Man
on 16/07/2010, 19:28:19 UTC
...
If I generate an average of 13 blocks a month at the current difficulty, BTC 650, that puts my cost at about US$0.005/BTC.

In short, I'm better off buying BTC from the exchange than generating them on this particular machine.  Food for thought.

I like the graph too. I have been wondering just how much our processors use and this looks like the closest estimate.

Also, I am a bit confused. Last I checked the market rate was about $0.08 so it would be a lot cheaper to generate your own than buy them even now with an increased difficulty at $0.02/BTC it is still 4 times cheaper than the exchange.

I am going to have to recheck my numbers because I thought I was spending about $0.072 to generate mine.

Thanks,