Ninjastic
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Board Mining speculation
Re: I am tempted to buy some hashlets , should I?
by
SMB-2525
on 02/10/2014, 08:40:04 UTC
Quote from: CrackedLogic on October 02, 2014, 04:53:42 AM
Quote from: SMB-2525 on October 02, 2014, 01:01:39 AM
Quote from: lyth0s on September 29, 2014, 03:30:59 AM
[The $0.08 is for their scrypt miners. For Bitcoin miners its $0.01 per 5 GH SHA-256
This is a great deal for GAW.
Fucking hell, why couldn't you post this earlier.  I bought a 50GH/s hashlet just to test out the waters,
Sorry. I couldn't because I did not understand the operational cost model before today.  Undecided
I think this analysis will be true for all cloud mining operations. Today's mining economy was based on $600 BTC to have the possibility of breaking even. At $400 BTC, all of those schemes fall apart because there is absolutely no ambiguity - buy BTC instead of hashing power.