How Long
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So how long will it take to mine feather coin meaning when will i start seing some profit in them??
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[quote name=“tim roche” post=“55458” timestamp=“1390822241”]
So how long will it take to mine feather coin meaning when will i start seing some profitable in them??
[/quote]Current scrypt mining ROI is about 3 months for new rigs. Not taking into account difficulty increase. If you go in it for the long term it’s a gamble with big risks and huge potential gains. For more info Google it or provide some input parameters.
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You should be able to get a better idea of ROI by using one of the calculators
but essentially -
Take your initial cost of buying all your mining gear. say (£300)
work out how many coins you will mine per day (you should get a general idea from what hash you expect from each Graphics card etc) -e.g. 15 coins
multiply the amount of coins by the current value (its been stable at around 19p per coin for a while but that can always change) -e.g. (15 coins * 19p) = £2.85 per day
minus the cost of electricity per day (using a electric meter is a good start) -e.g 80pso profit per day is (£2.85 - £0.80) = £2.05
so it will take (£300 / £2.05) = 146.3 days
Obviously these numbers are just made up but you get the idea.
BUT (If the value of the coins goes up - Which is fairly likely - then your wait will decrease a lot)
BUT (If the difficulty of mining goes up - Which is fairly likely as well - then your wait will increase a lot)essentially after ROI in the above scenario you are buying 15 FTC coins for 80p per day when they are actually worth £2.85
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use the calculator on coinwarz.com . It pretty good, but its in USD