So my quest for Bitcoin mining continue. Here are my calculation if I start today, return of investments and so on.
If I were to start today right now. Using calculator from http://www.alloscomp.com/bitcoin/calculator
I will be making $6.44 per day, about $200 a month.
This is based on two Radeo HD 7970 GPU video cards and look like I will be using 700 watts of electricity and it will cost me $0.07 per killowatts. So base on this calculator on calculating electricity cost: http://www.handymath.com/cgi-bin/electric.cgi
It will cost me about $1.34 a day to run. So total about $70 a month of electricity, so I profit probably $100 a month, it will take me 7 months or so to get return of investments. So by that time I think I would get the ASIC 30 GH/s.
|Entered Values||Calculated Values|
|Energy Rate||Appliance Name||Power Rating||Usage Time||Energy Consumption||Energy Cost|
|Total Energy Consumption||Total Energy Cost|
There are also website that talks about level of difficulty estimate in 90 days to a year just to give you an idea. So if the level of difficulty rise and I got the 30 GH/s system. I would estimate I would be making $60 a day predicting level of difficulty rised from 4mil to 10mil, hope it not go to 100mil then I would be back to $7 a day profit which sucks, better than nothing I guess, but if the BTC rate fall I would be in deeper trouble, but if it rise I would be in good shape :), so it’s based on those factors