The Bitcoin Thread

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Thor187 said:
Those Ants are notoriously power hungry you won't be able to turn profit on residential power rates.
Even if you live on a farm it will be tight.
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1000W per unit, so 2000w in total, I used the calculator and even put the electricity costs at $0.20 to over estimate, the ROI is at 81 days, it was at 97 at the beginning of the week but due to the price of BTC it went down.
 
@Thor187 I'm curious. I was under the impression you were discouraging people from mining and telling them it's not worth it but now it sounds like you've invested in some mining rigs? I admit I haven't read through the whole thread so I might be misreading the situation, but if that's correct, what changed your mind?
 
Nalith said:
RIO calcs don't look too promising when taking into account the Antminer L3+ =( [Hopefully I am wrong or screwed up the calc]
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I'm interested to know which calculator you used?
 
dj2381 said:
1000W per unit, so 2000w in total, I used the calculator and even put the electricity costs at $0.20 to over estimate, the ROI is at 81 days, it was at 97 at the beginning of the week but due to the price of BTC it went down.
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In that case color me purple.

The next issue I find is the limitation the crypto world is moving away specifically designing new coins from the grown up to not be compatible with ASIC
 
Thor187 said:
In that case color me purple.

The next issue I find is the limitation the crypto world is moving away specifically designing new coins from the grown up to not be compatible with ASIC
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You had me worried for a second :D these are exclusively LTC miners, basically the aim is to take all profits from these and build GPU rigs.
 
dj2381 said:
I'm interested to know which calculator you used?
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I used this one (https://bitcoinwisdom.com/litecoin/calculator) with a 5% increment in diff. Based on past increase in diff and Antminer L+ shipping soon I suspect this might not be that far off. As I said I hope I'm wrong as I am also considering ordering some myself. The problem with NiceHash is it assumes a static diff.
 
dj2381 said:
You had me worried for a second :D these are exclusively LTC miners, basically the aim is to take all profits from these and build GPU rigs.
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I understand, but do you think LTC will remain profitable for 81 days? Let alone a year.
 
Thor187 said:
I understand, but do you think LTC will remain profitable for 81 days? Let alone a year.
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Segwit has been activated on LTC, there was talk of it taking off after but it's still sitting at around $30, it might still kick off and then my ROI will drop quickly, this is what I hope obviously, it could be risky but it could also pay off big time, and all money coming in, not only profits will go towards GPU rigs.
 
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