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I am not qualified to do the calculations, but I wonder if these things can profitably generate bitcoins?
by eof 16y ago
I am not qualified to do the calculations, but I wonder if these things can profitably generate bitcoins?
- Tuna-Fish 16y agoNo. Based on current exchange rates, the most optimized GPU-based system consumes in electricity more than 10 times more than it makes in completed bitcoins. There is currently massive oversupply of computing power driving the profit of generating them down. I find this quite silly -- even if you were certain that bitcoins are going to massively appreciate in value, the best way to invest in them right now is not setting up computing clusters but heading for the nearest exchange and buying them.
- JoachimSchipper 16y agoI can't imagine that this is what everyone is doing, but the marginal cost of using a VPS/colocated server's idle capacity is usually $0 to the customer.