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Has anyone run through the power/hardware costs versus the mined amount in bitcoin and real currency yet?
by wewyor 16y ago
Has anyone run through the power/hardware costs versus the mined amount in bitcoin and real currency yet?
- JeremyBanks 16y agoYes. I can't find the link, but I read an analysis a few weeks ago. IIRC: Six months ago you could easily build a machine to mine enough to pay for itself relatively quickly. Today it is probably still possibly but more difficult (you need to use GPUs or you can't compete) and the margins are quickly narrowing.
- kelp 16y agoIt takes about 3 months to pay off a $1200 - $1600 mining machine, nearly 4 if you have to pay for electricity. That all assumes the market stays in it's current state for that whole time. Highly unlikely.
- deleted 16y ago[deleted]