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Some people (eg, college students) have access to unmetered electricity, but we don't see such people dominating current mining efforts (AFAIK). I'm guessing th
by IsaacL 15y ago
Some people (eg, college students) have access to unmetered electricity, but we don't see such people dominating current mining efforts (AFAIK). I'm guessing this is because of the cost of hardware, so I think your model should also take into account the amortized cost of buying GPUs - though I don't know how significant that would be compared to the costs of electricity.
- caf 15y agoThat is, of course, left as an exercise for the reader ;) (As long as the number of students with unmetered power partipating is small compared to the number of miners, it shouldn't significantly affect the analysis. It's the marginal cost faced by a new entrant that's of interest - a relatively small number of students mining simply adds a background base level of difficulty).
- fhars 15y agoIt is the dominating cost for students with unmetered electricity, so it's probably not negligible. (Well, maybe it's only the second most important cost for them, after sleep loss due to fan noise in the dorm room, but that is difficult to put a monetary value on.)