Quote from: Asrael999 on September 03, 2014, 08:54:29 AM

Quote from: nuff on September 02, 2014, 06:14:46 PM

Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.

Evidence Please? This might be true of people who have to buy overly expensive miners - this is not true for those who have desigened and built their own chips.

Take an antminer s1 running 180 Ghs @ 400w taking 303 days to mine 1 full btc,

Price of Antminer S1: $200
Electricity cost : 400w x $0.12 /kW x 24h x 303 days = $349
Total: $549

Note that is still not factoring in the difficulty increase every 2 weeks which actually means it'll actually take more than 303 days to mine 1 single btc.