Post
Topic
Board Hardware
Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
by
jtoomim
on 31/08/2014, 22:18:19 UTC
I am at an undisclosed location here in Europe and the best price on energy I can get is 0.1093 €/kWh ~ 0.1458 $/kWh exclusive VAT (and we have 20% VAT here, which I may or may not be able to omit, depending if I can let the company pay for and operate my mining endeavor).

And NO, I'm not in the least interested in any cloud or data center mining offer!

Mining margins are going to be getting much thinner as time wears on. Only those with the cheapest (and hopefully also cleanest) electricity running the most efficient hardware will be able to make a profit. That's when people will stop adding to the network hashrate, and the so-far inexorable push of the difficulty will finally meet its end. There are places in the world that pay 1/7th of what you do for electricity. I'm in one of them.

If you insist on mining at home, then you have three options, as far as I can see it. you can either

1) Move somewhere with cheaper electricity,
2) Mine at a loss, or
3) Stop mining.