Quote from: Maddin on January 15, 2014, 12:11:05 PM

Hi guys,

no I'm not another newbie whos thinking to get rich by mining.
I know that mining is not profitable at all due to rising difficulty caused by "mining-noobs", losing a lot of their money.

In fact I think theres acutally blowing up some kind of mining bubble. When people realise they make no profit and sell all there mining hardware the bubble could explode and rise the btc prise down. But thats just a theory.

I'm writing a bachelor thesis about bitcoin and in one chapter I will analyze if its possible to make a profit by mining.
Also I want to calculate how much it costs to mine one singe BTC (power costs + proportional hardwarecostes). Therefore I will make the assumption that only the most efficient (hash per watt) mining hardware is used.

So what is the most efficient hardware available at the moment? It's important that it has been already delivered to some people. I don't want to calculate with one of those preorder hardware minng, which may never arrive.

Thanks for helping me out.

So you plan to forecast profitability on mining an output that fluctuates wildly? You might consider changing topics to analysis of blindfolded darts for picking options strategies. Sorry, I'm being a dick. But seriously I don't get it, as a research paper or a writing piece for an economics class maybe, maaaaybe if you are talking about supply an demand forces, and decentralized markets, secondary markets, etc... but a thesis, never. Good luck if you decide to do it, hopefully your professor isn't anything like me.

Edit: ugh, please, PLEASE tell me you aren't using "ROI" in a forecasting context... ROI is a measure of historical activity, not to be used for forecasting, this place is full of crap information btw and that term is molested here on an hourly basis. This is a good place to talk with tech folks, sadly not many Econ nerds participate here. Feel free to dig through my old posts, on a few occasions I went on a rip about ROI and other misrepresented bullshit, now I'm beat down from trying to spread knowledge that nobody gives a shit about, "ya can't save 'em all!" lol... https://bitcointalk.org/index.php?topic=342859.msg3699883#msg3699883