Making $114 a day mining Bitcoin in Jakarta
techcrunch.com
Making $114 a day mining Bitcoin in Jakarta
1–10 of 54 posts
Re: Making $114 a day mining Bitcoin in Jakarta
#2Indonesia mainly runs on thermal power, it is kind of sad that those crypto currencies indirectly encourage making profits out of cheap labor and the planet itself.
source wikipedia: http://en.m.wikipedia.org/wiki/List_of_power_stations_in_Ind...
Re: Making $114 a day mining Bitcoin in Jakarta
#3FTA:
> Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe.
Uh...Power in the US costs 30+ cents/kWh? In which part of the country??
In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon.
http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
Re: Making $114 a day mining Bitcoin in Jakarta
#4'105 GPU system ' it'll be redundant is about a week or two when ASICs hit hard
Re: Making $114 a day mining Bitcoin in Jakarta
#5'105 GPU system ' it'll be redundant is about a week or two when ASICs hit hard
He's mining litecoin which isn't easily mined by asics. Any GPU bitcoin mining is already very unprofitable.
Re: Making $114 a day mining Bitcoin in Jakarta
#6FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
California? Lower tier is 10 cents, next one is 30 cents, and there are 74 and 95 cents ones in peak days.
Re: Making $114 a day mining Bitcoin in Jakarta
#7FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
[deleted]
Re: Making $114 a day mining Bitcoin in Jakarta
#8FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
[deleted]
Re: Making $114 a day mining Bitcoin in Jakarta
#9FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
[deleted]
Not if you consume a lot of power. Once higher tiers kick in, 30 cents is not even the worst one.
Re: Making $114 a day mining Bitcoin in Jakarta
#10Sounds like the only people making money off of bitcoin mining are the manufacturers of these increasingly more powerful ASIC mining hardware. Once one gets developed and released, it's only a matter of time until it costs more in electricity than it's mining. Then, lo and behold, they're ready with an even faster/more energy-efficient one.