Can you please link the 2014 program you are talking about? Are the mines based in china?
Absolutely. But factor in power and it’s not the massive disparity that many algorithms show when comparing.
I also don’t think an at leat public optimized GPU miner will be available by launch.
For random people mining an insignificant amount of Zcash, it’s not a massive disparity because electricity cost does in fact matter for them. But for mining farms which are by far the biggest source of hashrate, it’s a huge disparity because electricity cost is 0 with any renewable energy source. (e.g. http://www.ibtimes.co.uk/geothermal-gold-why-bitcoin-mines-are-moving-iceland-1468295 ). So the electric cost barely effects the 4-10x disparity, if at all for mining farms.
Concerning electricity costs in China, here’s a Chinese farm in a video uploaded Feb 2015:
$80,000 at one of their 6 facilities in a month to get about 660 coins ($330,000 at $500/coin), paying about $0.09 per kWh which is about what medium-size electricity-using companies in the U.S. pay.
yeah this translation is way off. First off, the number itself isn’t translated correctly. They said 50,000, and not 80,000. And secondly, they said “ren min bi”, which actually means Chinese yuan. So at current exchange rates, it is $7500 US dollars a month.
He said 500,000 RMB which is $80,000.
Ok… Newbie here. I don’t get a lot of the tech talk… I’ll figure that out later. But, I need to start with a new laptop. What would be better, a new MacBook Pro or some kind of gaming pc? Any suggestions would be greatly appreciated
You also have to factor in a lot of other risks though. Chinese farms have burned down, have high latency spikes, staffing costs etc.
Yes, it’s very profitable but not a “free money” venture.
He said 500,000 RMB which is $80,000.
Oh wait, you’re right, my bad. Ok so electricity still costs money in China haha.