Post
Topic
Board Trading Discussion
Re: Bitcoind Pooled Mining Investment Club
by
jwalck
on 22/01/2011, 02:02:42 UTC
To be honest, the miner rig will draw quite a bit of current. Did you consider that bitcoins get harder/less profitable to generate and electricity prices are going up? What's the current situation? And if it is profitable right now, for how long will it be before you'll save money by keeping those servers offline?

Electricity is a big cost for running servers, way above bandwidth in normal situations and not far from the cost for the hardware over its life-cycle.

If it lasts long enough to pay for the hardware, I guess go for it.Smiley


It has been modified so that the  miner will be a client and the pool server will be on a vps somewhere else. This makes it a lot easier to manage.

Yep, I know the arrangement. Bad wording from my part, my question was much simpler. The mining rigs draw electricity for a cost that now or at some later time could be equal to or more than the coins generated. What then?