speaking of the costs of electricity... does anyone know how much it costs to mine 1 bitcoin?
and what do you mean by difficulty drop.... I thought as time went on bitcoins were harder to mine exponentially or something?
It's not worth it if you pay 5c/kwh or more, even with AMD hardware at this point.speaking of the costs of electricity... does anyone know how much it costs to mine 1 bitcoin?
and what do you mean by difficulty drop.... I thought as time went on bitcoins were harder to mine exponentially or something?
I just installed the Bitcoin client on my new rig and I'm wondering how to get my wallet to work. I copied the wallet.dat file, do I move it somewhere? I had a good number of bitcoins in that wallet and I'd like to get them.
I got it. They're selling for $4, might as well get something.
so is it worth or not?
speaking of the costs of electricity... does anyone know how much it costs to mine 1 bitcoin?
and what do you mean by difficulty drop.... I thought as time went on bitcoins were harder to mine exponentially or something?
How long does it take to create 1 coin, and what hardware was it with? I'm curious about this too, does it really not pay to do it with e.g. a gtx 560 ti with a 1000Mhz core?
A 580 wasn't even as good as a HD 4850 last time I checked and a 4850 produced approx 2 BC/month. Of course the difficulty might be different now then when I was looking, but AMD GPU's are a must. Unless something has changed.
Thanks for the info. That is about $6-8/month on a gtx 580 according the the aforementioned price. Wow what a moneymaking scheme.
Does anyone have the current average on something like the 6950 or 6970? How many coins/month or days/coin?
That can help deduce the cost / coin.
500watts: 24(hrs) = 12kW/day
12(kW)*31(days) = 372 kW.
372 kW * $0.15 per kW = $55.80 / mo.
372 kW * $0.10 per kW = $37.20 / mo.