All posts made by Wladestaucs in Bitcointalk's Wall Observer thread

Quote from: shmadz on June 23, 2016, 03:08:57 AM

Quote from: Wladestaucs on June 23, 2016, 03:00:39 AM

Any idea how much it costs to mine a coin these days, just before the Halvening?

Curious because I'd like to know what a realistic floor for the price would be based on how much it costs to actually mine a coin.

New equipment is coming out from bitmain https://www.bitmaintech.com/productDetail.htm?pid=0002016052907243375530DcJIoK0654

Electricity cost based on that unit is only like 100 bucks per coin, http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=14000.00&p=1500.00&pc=0.10&pf=0.00&d=209453158595.38100000&r=25.00000000&er=674.90000000

Realistically, I would put a guess around the 400 to 600 range after the halving, no reason to be over 800 max...

Personally, I'm quite happy to see some rationality this time around,

"As low as possible for as long as possible."

Thanks for the hook-up on the calculator and the new info on the AntMiner.

I like "as low as possible for as long as possible." When it got to $700 I felt some FOMO kicking in, but wisely didn't buy in then, or at all.

After playing around with the calculators, after the Halvening drops the reward to 12.5, it looks like one could be reasonably satisfied mining 0.5 BTC per month with one of those AntMiners. They're sold out, but w/e, this is all just speculation anyway.

If I was hooked up to a pool and paid a 4% fee, then after paying power costs I'd be looking at around 0.33 BTC per month in profit. That's about 4 BTC per year for one machine. With the cost of a machine ATM being 4.218 BTC, it looks like it'd take about 13 months to ROI into the black. But then that doesn't take into account what happens to the difficulty over time, so...hmm.

My approximation then is that for BTC to be even remotely profitable, my thinking is that BTC's price needs to be higher than $100. Much higher. Even 5x higher. Am I mistaken? Maybe I don't have enough insight.