Forum Home
    • Register
    • Login
    • Search
    • Recent
    • Tags
    • Popular

    Entry level FTC rig.

    Newbies - New Members Must Start Here
    8
    12
    1239
    Loading More Posts
    • Oldest to Newest
    • Newest to Oldest
    • Most Votes
    Reply
    • Reply as topic
    Log in to reply
    This topic has been deleted. Only users with topic management privileges can see it.
    • ?
      A Former User last edited by

      Going in to FTC today. Mined LTC and BTC in the past and made $80000! All got spent on new LTC rigs but I am now starting to branch off into what I believe is the most promising CC so far. I’m currently typing on my rig that is hashing at 200kh/s. Not much I know, but it was my old nVidia rig that I wanted a use for. I have free electricity / internet, so is this a profitable currency to enter right now?

      1 Reply Last reply Reply Quote 0
      • S
        sheepson Regular Member last edited by

        Free electricity, sounds good!

        Welcome to the community :).

        1 Reply Last reply Reply Quote 0
        • P
          Pryderi Regular Member last edited by

          The pools which change automatically to the most profitable pools recently changed to FTC (of what I heard). With the rise of value and the ease of mining it actually is a decent (or even good) coin to mine right now.

          1 Reply Last reply Reply Quote 0
          • ?
            A Former User last edited by

            free electricity means pure profit :D

            1 Reply Last reply Reply Quote 0
            • P
              Pryderi Regular Member last edited by

              [quote name=“Plusle” post=“49512” timestamp=“1388765672”]
              free electricity means pure profit :D
              [/quote]

              I’ve got free electricity, where to get the free rig?!

              1 Reply Last reply Reply Quote 0
              • ?
                A Former User last edited by

                [quote name=“Plusle” post=“49512” timestamp=“1388765672”]
                free electricity means pure profit :D
                [/quote]

                Technical “pure profit”, the sort that you pay tax on, would only start after the you’ve made back the amount in fiat for the cost of the rig.

                By that mean you would have to sell the amount of ftc for the worth of your rig to get that investment back into fiat.

                The only reason I say this is you could get your ROI back in months and never have made any sort of loss or the coin could fail and become abandoned and you won’t see a ROI unless you find a new coin to mine that stays alive.

                One could use a solar power, wind power etc system for free power, but the added cost would add more time to ROI. It also would need to take into consideration maintenance cost’s for the whole system.

                The current generation of renewable energy systems available and viable to individuals and normal business’s, is incredibly inefficient and has maintenance costs that far outweigh the price of coal power plant provided electricity (in most countries).

                Country Year TWh Hydro Wind Biomass Solar Geo Thermal %of Total Generation
                [table]
                [tr]
                [td]Albania[/td]
                [td]2008[/td]
                [td]3.85[/td]
                [td]3,850[/td]
                [td]_______[/td]
                [td]______[/td]
                [td]_________[/td]
                [td]____[/td]
                [td]100%[/td]
                [/tr]
                [tr]
                [td]Iceland[/td]
                [td]2009[/td]
                [td]16.832[/td]
                [td]12,279[/td]
                [td]__________[/td]
                [td]__________[/td]
                [td]_________[/td]
                [td]4,553[/td]
                [td]100%[/td]
                [/tr]
                [tr]
                [td]Lesotho [/td]
                [td]2008[/td]
                [td]0.2[/td]
                [td]200[/td]
                [td]________[/td]
                [td]__________[/td]
                [td]________[/td]
                [td]_______[/td]
                [td]100%[/td]
                [/tr]
                [tr]
                [td]Paraguay [/td]
                [td]2008[/td]
                [td]54.912[/td]
                [td]54,909[/td]
                [td]________[/td]
                [td]__________[/td]
                [td]________[/td]
                [td]________[/td]
                [td]100%[/td]
                [/tr]
                [tr]
                [td]Tajikistan[/td]
                [td]2010[/td]
                [td]?[/td]
                [td]16,400[/td]
                [td]_________[/td]
                [td]__________[/td]
                [td]___________[/td]
                [td]_______[/td]
                [td]100%[/td]
                [/tr]
                [/table]
                [url=http://en.wikipedia.org/wiki/List_of_countries_by_electricity_production_from_renewable_sources]http://en.wikipedia.org/wiki/List_of_countries_by_electricity_production_from_renewable_sources[/url]

                1 Reply Last reply Reply Quote 0
                • P
                  prensel Regular Member last edited by

                  Put your rigs in Germany, electricity is dead cheap overthere because of the surplus they have with all these solar panels.

                  1 Reply Last reply Reply Quote 0
                  • ?
                    A Former User last edited by

                    [img]http://shrinkthatfootprint.com/wp-content/uploads/2013/09/electriccost1.gif[/img]

                    [img]http://shrinkthatfootprint.com/wp-content/uploads/2013/09/electricprices.gif[/img]

                    1 Reply Last reply Reply Quote 0
                    • ?
                      A Former User last edited by

                      [url=http://en.wikipedia.org/wiki/Electricity_pricing#Global_electricity_price_comparison]http://en.wikipedia.org/wiki/Electricity_pricing#Global_electricity_price_comparison[/url]

                      1 Reply Last reply Reply Quote 0
                      • P
                        prensel Regular Member last edited by

                        Thats 2011, things have changed drastically since then in Germany.
                        Prices in september 2013 were €40 per MWh, so thats €0,04/kWh…
                        and yesterday it was €23/MWh… so €0,023/kWh…

                        1 Reply Last reply Reply Quote 0
                        • U
                          uncle_muddy administrators last edited by

                          [quote name=“prensel” post=“49675” timestamp=“1388830585”]
                          Thats 2011, things have changed drastically since then in Germany.
                          Prices in september 2013 were €40 per MWh, so thats €0,04/kWh…
                          and yesterday it was €23/MWh… so €0,023/kWh…
                          [/quote]

                          LESS THAN .03 euro per kWh!!!

                          I want some of that electricity! My current rip off provider over here is around £ 0.21/kWh… going to spend some time today working on that as I know they are not the cheapest.

                          UM

                          1 Reply Last reply Reply Quote 0
                          • wrapper
                            wrapper Moderators last edited by

                            Hi and welcome to Feathercoin.

                            This discusion would have been more useful in the correct section. Can you ask it again in Feathercoin discusion?

                            1 Reply Last reply Reply Quote 0
                            • First post
                              Last post