Quote from: Adrian-x on November 06, 2014, 03:39:24 AM

Quote from: MelodyRowell on November 06, 2014, 01:09:45 AM

Quote from: BitmoreCoin on November 04, 2014, 03:16:17 PM

Quote from: Adrian-x on October 31, 2014, 06:17:53 PM

Quote from: tobeaj2mer01 on October 31, 2014, 03:10:53 AM

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.

So in 13*10 = 130 days, with difficulty increase of 10% each 13 days, the cost of mining is $319 CAD. It is still lower than current price.

You need to somehow factor in the cost of your equipment. Even though it is only a one time expense, it is still an expense and if you are not able to mine enough bitcoin at a cost below the value of bitcoin then you will end up with a loss

Yes I agree but lets say your capital investment is a sunk cost, when do you power down and call it quits? If your operating costs are lower than the cost of Bitcoin you can keep going. You may never ROI but it's more profitable than quitting.

The cost of buying the miners will need to be taken into consideration prior to someone buying the miners in the first place.