[Cialug] Bitcoin mining

[Matt Stanton]

BTW, after poking in all the numbers for that profitability calculator, 
it came up with 153days (assuming the $0.15/kWh is correct for this area?).

Unfortunately, the world of bitcoin doesn't stay unchanged for more than 
a week, let alone 153 days, so my guess is that you might catch up on 
profit fairly quickly for a short while, but eventually you would 
realize that the function of profit in this sense is more logarithmic 
than linear.

-- Matt (N0BOX)

On 12/10/2014 06:25 PM, Matt Stanton wrote:
> That thing would have made you a lot of money...
>
> ... back when bitcoin mining ASIC first hit the market.
>
> Now that this mining rig has been on the market long enough to be put 
> in a Shell Shocker deal, there have been enough of them and other ASIC 
> miners to raise the bitcoin mining difficulty to such a level that you 
> can no longer pay one of these (and the electricity you pump through 
> it) off with the bitcoins you mine.
>
> -- Matt (N0BOX)
>
> On 12/10/2014 06:17 PM, nickdoud Doud wrote:
>> With New Egg 1 PM Shell Shocker today:
>> http://www.newegg.com/Special/ShellShocker.aspx?cm_sp=Homepage_SS-_-P3_9SIA68020W5714-_-12102014 
>>
>> http://www.bitcrane.com/goods.php?id=1
>> BITCOIN MINER T-110 for $600 I did some looking at the data
>>   http://www.bitcoinx.com/profit/
>>   I see this Linux based box can make some money $$$ thought I would 
>> ask the group if anyone has any additional comments on this quick 
>> money making hardware.
>>   Nick
>>
>> _______________________________________________
>> Cialug mailing list
>> Cialug at cialug.org
>> http://cialug.org/mailman/listinfo/cialug
>
> _______________________________________________
> Cialug mailing list
> Cialug at cialug.org
> http://cialug.org/mailman/listinfo/cialug