Mining price

[kangug24]

Before you start mining, the price you pay for power under 10 cents is decent. 20 cents a kwatt is very hard. 5 cents is really good. So if you have cheap power. How much do you have?
And how tolerant of noise are you? I could sell you a used 1080ti waterblock rig for about 3500 usd with Six 1080tis. It would earn 9 bucks a day.

It would be quiet and use about 1200 watts. That is about three a day in power cost. So six profit x 600 = 3600

It is paid off In 20 months and the cards have 27 months on warranty.

What’s your idea about this?

[cashbit]

I do not think about mining even though I will get used mining tools at low prices. Some people say they have bought mining tools and they sell them because mining is difficult. So, I will not risk my money to buy mining tools even though I get a low price.

[indexx]

I am no longer interested in mining because mining requires very large electric power. Besides that the price of coins is still very low. So, I don't want to mine even with special mining tools.

[88percent]

@indexx, yeah I even sold my mining tool because mining is no longer profitable. I am more interested in participating in a more productive program bounty. Only using time, mind and skills, we can benefit from it.

[olivia]

I do not think about mining even though I will get used mining tools at low prices. Some people say they have bought mining tools and they sell them because mining is difficult. So, I will not risk my money to buy mining tools even though I get a low price.

It will take quite a lot to make mining bitcoins not profitable:

First time it will be unprofitable it when the bubble crashes and BTC are worth ≈$0.1 each, but that will be due to the "despair" part of a bubble, it will go back to about $0.5 each a few weeks after that and slowly climb to $5 after a year. The second time will be when cost of KW/hr becomes more than you make (on average) an hour, which should be about a year for current generation hardware.

[twothumbs]

I stop my mining rigs since the bitcoin price is down too deep because my profit is less than the electricity fee that I should pay. Perhaps, if bitcoin price can increase more than $10,000, I will try to turn on my mining rigs, and if I can get a nice reward, then I will continue the mining.