Vapor Group Inc (VPOR)

[Mistafixit]

Electricity has to be factored in! also network difficulty! in the mining pools difficulty is always going up due to more people jumping on the craze. This is not shown when you use online calculators. I started mining years ago and gave it up after 4 months due to high electricity costs however bitcoin was $900 a coin and in that time I've mined 10 or so coins. Yes if id sold them today it would return a nice profit. That said there will be no profit unless the price on bitcoin continues to rise or the difficulty stays the same. Mining is a waste of time and very risky today IMHO. Heres a calculator that figures the difficulty when mining on the network.

https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=14000.00&p=1340.00&pc=0.10&pf=0.00&d=4873105475221.61000000&r=12.50000000&er=19998.80000000&hc=3200.00


25 S8 $3,000 miners = $75,000+ power supply at $200 each = $80,000
S9 miners 1340 watts depending on efficiency of power supply used and must be purchased separately for a total of 33,500 watts used.

14 hashrate per miner= 350 total hash

My electric rate is .15c per KW/H and is very high for mining but lets say .10c for argument sake. It looks great in the beginning per year it seems as though we can make $313k a year and that includes all hardware costs. HOWEVER the most important factor is the difficulty and last year it DOUBLED. That means if bitcoin kept its near 20K value we would only see $128k income from the miners if it doubles again this year. Very Very Risky. Yaniv would be better off selling miners to people mining IMHO. Good luck to all here. I do not hold any shares here but wish everyone the best. VPOR