Post
Topic
Board Economics
Re: bitcoin mining cost
by
Adrian-x
on 31/10/2014, 18:17:53 UTC
What's the average cost to mine a coin now, kindly tell me, guys.

assuming you are running this hardware https://bitcointalk.org/index.php?topic=735982.0
assuming you dont pay cooling costs.
assuming you pay $0.07 CAD for electricity
assuming your dont have any interest or amortization costs on your hardware.
assuming you dont have any space rental or employment overhead.
amusing you mining for a shitty pool with bad luck but they pay anyway.

the average bitcoin costs $123.33 CAD to make today.

this cost changes every 2 weeks, at the moment it will become 7.5% less efficient to mine 1 coin in 5 days. that percentage is historically low - should be average around 10-15% and is expected to increase exponentially ever 2 weeks.


in 3-5 months things should get interesting as something will have to give, mining hasrate will fall or price will go up, as the cost of production = market price.