Hi there,
I am from germany and here is coming fast the winter. And I dont want to spend this year again 12K of heating with gas. So I am sereously thinking to invest in miners for heating my stock - minimum partial.
But my doubts are if its now the right moment to buy Hardware and how much risk I have that the difficulty goes to much up and/or the BTC to much down? I have clear that nobody can predict it, but it exist experience of the past and how much vaiable it is in the difficult times.
Here the gas costs 0.08 Cents per KwH and the electricity 0.35 cents. I just need some answers from experienced miners. Based on it i can do my own decision how much miners I will buy.
I pretend to buy the newest one that give some profit. So I also wants to know how fast they was losting value that I can include it in my calculation.
Now my stock is in avrg 10 degrees so may this influence the power of the machines also. In the summer its never over 23 degrees there.
thanks for your help
Allumini
that spread of 8 to 35 cents assumed to mean usa cents is big.
if it were 12 to 30 I would say go for it.
The low end of mining for sha 256 gear was about 6 cents.
the high end of mining of sha 256 was about 55 cents.
most of the time we are in the 10 to 20 cent range for earnings.
The market prices accordingly so getting bargains means a price crash happens followed by a rise.
I do not want to discourage you but unless you find very cheap gear do not do it.
