I am so glad I got out of the mining game and managed to do it at the correct time.
Btw what is the current lowest price for GH/s for a complete product and have we reached the point where the electricity cost has surpassed the mining revenue?
Btw what is the current lowest price for GH/s for a complete product and have we reached the point where the electricity cost has surpassed the mining revenue?
It's getting there if you have expensive electricity.
Antminer S3+, $210 USD, 450 GH/s
income = $2/day
electricity@$.15/kwh = $1.25/day.
I'm not growing my farm now, but the income and spare heat is quite nice this winter.
These attract VAT+duty when imported in the EU, so the total comes around 250USD. Then you need a PSU, so let's say 30USD more.
Total = 280USD
Basically these will never see break even.
Here in the UK these will bring 0.30GBP profit daily
this.
we should be seeing a far bigger drop in difficulty than we are. however, from what I see across these forums, there seems to be even more new miners than there was last year at this point. insane.
the only reason I still have 8TH/s running is because my electric is free. If it wasn't for that, I doubt very much i'd have such 'confidence in the price of bitcoin'
