Quote from: The Pharmacist on August 26, 2019, 03:59:33 PM

Quote from: DigitalAssetInvestor1 on August 26, 2019, 01:38:48 PM

It's only profitable to mine if you have free or dirt cheap electricity.

I'm not a miner, but I've certainly read enough about it here and have seen tons of videos on Youtube. My understanding is that even if you have free electricity, it would still take a long-ass time to recoup your investment on the required hardware. That's if you're just starting off right now with no mining equipment. Bitcoin is definitely not profitable for an individual to mine unless all the hardware is paid off and electricity is dirt cheap (Philipma1957 would probably say the same thing).

All of this is why I took an interest in proof-of-stake coins, which doesn't require anything other than a desktop computer in order to earn coins. True, it's not real mining but I got into the game extremely late. Wish I'd heard about and taken an interest in bitcoin years ago.

Quote from: badbart on August 26, 2019, 03:23:35 PM

I have 4 cent kwh and its boring now. Still profitable but I can't find a reason to expand my mine, I have 100 amp service maxed out at 80 amps and even with cheap electricity nothing is looking great. I wanted to run a 400 amp service but i really can't find a good reason. 90% of my gear is 3 years old expect for a few z11s and so its all paid off, I should sell my gear.

Pardon my ignorance (which I freely admit), but what are you mining?

Cheap power is important but we are now in the overpriced gear stage.

I have about 910th in Btc
I have about 11gh in Ltc

My deal is 50/50 coin split.

And all the the gear is just about paid off.

But I cant get new gear at a decent price.

We could add 40kwatt in gear bringing us to 150kwatts, but prices for new are too high.

We could also put in a second transformer and go to 350-400kwatts.