My energy costs have increased:
• +3 kWh
• -18° F (avg temp vs 2023) 54° v 36°
• more (unrelated) gadgets
Daily “loss” is ~$3.85
New breakeven price increased to $248k
It’s not easy work, but someone needs to do it.
Happy Halving Day!
quoting note1ljf…y9ceGreetings and PV Nostriches!
At the end of 2022, I got an S9 miner for fun, to learn more about mining, and apparently to heat my office too! Since I started "hobby mining", I've been tracking my energy usage, the weather, sats earned, etc. I thought I would share a bit of that with you fine folks.
The below grid shows my average and total energy usage per month and year. (This is all of my energy consumption in my home from everything, not only mining.) The obfuscated figures are my hard dollar costs charged to me by my utility provider - it includes taxes, fees, everything.
I'm watching my year-over-year change in energy usage as well as these same stats when my miner is OFF vs. ON.
Finally, not shown, is how many sats I've earned as rewards. I track those daily as well summarizing total 'units' aka sats received per month. I assign a daily value to those sats based on Yahoo!'s "closing price" of bitcoin for the day. I then take that monthly "value" of sats versus my monthly cost for the energy to see how much I "lost" in fiat for the month.
On average, I 'lose' about $2.50 per day. Or, my energy costs are $2.50 more than the value of sats I receive. (Again, I know I am using energy for other stuff.)
All things being equal, if I stopped right now, bitcoin would need to reach $243,456.94 per coin for me to breakeven. Cheers!
