BitcoinTalk

The dollar cost of bitmining energy

111
Satoshi-only
BitcoinTalk
#1
From:
Ground Loop
Subject:
The dollar cost of bitmining energy
Date:
I run my computers off solar-generated electricity, so I keep pretty tight tabs on how much power they consume.

I have one headless Ubuntu server that is always-on, usually with the disk array spun down, as it has some central network management roles.  It's an Intel Core2Duo E6300 @ 1.86 GHz, and mines at about 950 khash/s.

I was curious to see the impact bitcoind generation would have on it.  Here is what it looks like:



The lowest level on the left is idle, and the noise after it is bitcoind inhaling the block history.  The step up is the bitminer threads.
In short, hashing raised the idle floor from about 120W to 160W, or +40W.

This draws 29 kilowatt-hours a month from my generation, which means I net some $3.80 less for power ($0.13/kwh marginal power rate)

If I generate an average of 13 blocks a month at the current difficulty, BTC 650, that puts my cost at about US$0.005/BTC.

In short, I'm better off buying BTC from the exchange than generating them on this particular machine.  Food for thought.
BitcoinTalk
#2
From:
knightmb
Subject:
Re: The dollar cost of bitmining energy
Date:
It's like they always say, "To make a billion dollars, you have to start with 4 billion dollars first"  Cheesy
BitcoinTalk
#3
From:
Bitcoiner
Subject:
Re: The dollar cost of bitmining energy
Date:
Quote from: Ground Loop on July 16, 2010, 05:42:14 AM

In short, I'm better off buying BTC from the exchange than generating them on this particular machine.  Food for thought.

Don't forget to amortize your fixed costs. Those parts don't last forever and eventually need replacing.
BitcoinTalk
#4
From:
satoshi
Subject:
Re: The dollar cost of bitmining energy
Date:
Neat chart.

Difficulty just increased by 4 times, so now your cost is US$0.02/BTC.