I'm finding that if you price anything in dollars you have to add 13% just for security and insulation purposes.
Not so fast EE_ people keep telling me that it takes a tremendous amount of electricity to mine those Bitcoins...Bitcoin - The cost of kids playing on a computer, speculation, demand
http://qzprod.files.wordpress.com/20...ng?w=640&h=388
If it wasn't for their centralized and privatized pools, there would be no more bitcoins.
Is it a race to zero? I can't tell.
The revenues seem to have gone up just recently...
Difficulty 609,482,680.00 Mining Factor 100 0.05 USD/24h@100MHash/s as in these charts Average generation time for a block (solo) 1 year, 240 days (can vary greatly depending on your luck)
Hardware break even 120 days Net profit first time frame -554.51 USD
http://www.bitcoinx.com/profit/
Coins per 24h at these conditions 0.0413 BTC Power cost per 24h 0.36 USD Revenue per day 23.02 USD Less power costs 22.66 USD System efficiency 500.00 MH/s/W Mining Factor 100 at the end of the time frame 0.04 USD/24h@100MHash/s Average Mining Factor 100 0.04 USD/24h@100MHash/s Power cost per time frame 32.87 USD Revenue per time frame 1977.36 USD Less power costs 1944.49 USD
https://blockchain.info/charts/miners-revenue