Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
MinorError
on 27/03/2014, 18:41:13 UTC
Quote from: toxic0n on March 27, 2014, 05:52:24 PM
Quote from: ghur on March 27, 2014, 04:49:21 PM
Quote from: toxic0n on March 27, 2014, 03:19:51 PM
Quote from: MinorError on March 27, 2014, 02:14:57 PM
Looking at the stats from Poolpicker

http://poolpicker.eu/

It appears profitability for Clever and their colleagues have gone down by half from the end of Feb to the end of March. Can we expect the same decrease by the end of April from where we're at now?

So around the end of February profits were pretty steady at .01/Mhash, now they're steady at around .005/Mhash....so by the end of April are we looking at .0025?

Not picking on Terk here, all the pools have had the same decrease, but just curios.
I'm not sure. By some rough math, around 0.003 BTC/Mhash/day is when a lot of people will stop breaking even on electricity costs when running GPUs and electricity higher than 0.15c/kWH. I think we will see a lot of hash power drop around the barrier which should stabilize it for a bit. I'm just guessing though.

I don't expect the hashrate to drop. While GPU miners might drop out, there's a very large amount of gridseed units hitting the market.
These have a much lower power requirement and will happily keep on crunching through the lower profitability.

Even without ROI, these units will be kept running by someone as long as they're more profitable than the power they consume.
That is true, for me the Gridseeds will remain profitable all the way until 0.0001 BTC/MHs/day. Maybe that will be the new lower limit. I still think there is a large amount of GPU miners, especially in Europe that will stop mining very soon and the Gridseeds coming in won't replace all that hash rate quickly.

Just out of curiosity...are you guys still mining GPU? I literally just put together my first righ a month or so ago, so I was really late to the party. The catch is, I have free electricity....so I was contemplating throwing another GPU in and getting about 500khash extra for around $400, but was wondering if that is worth the investment...I mean free electric is great, but not if the KnC Titan or whatever the hell it is comes out drives the difficulty so high that any GPU is screwed.