Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 28/04/2015, 16:07:25 UTC
Quote from: Wings1987 on April 28, 2015, 04:01:43 PM
Quote from: aliro38 on April 28, 2015, 03:37:42 PM
Quote from: Wings1987 on April 28, 2015, 03:27:35 PM
Quote from: aliro38 on April 28, 2015, 03:21:34 PM
Quote from: Wings1987 on April 28, 2015, 02:56:56 PM
It wouldn't doesn't take much to push the rest of the world out of mining if that were, which is the case.

Edited that for you.

Thanks. Smiley

Doing too many things at one time.

Welcome.
How do you think anyone can compete in long-run mining with a country where electricity is already very cheap and may be obtained even cheaper? (like 2-3-5x or more times cheaper...)
If our cost is 220$ (give or take), what would be their cost then?
I'd bet mining farms in China grow like mushrooms after a rain. On the other hand, I also suspect that ASIC companies keep the hefty profits under control, mostly for themselves and maybe for a small group of investors. That's why global hash-rate is relatively stable.

Last mining note I promise.

Right now the S4+ is the latest hardware. Cost is 4.215 BTC . Earnings per day would be .0264077 not including electricity/rent/labor or any difficulty changes. Break even point on hardware alone would be 160 days. Bulk orders of 1500 - 2000 units will probably get you just under 40% off. (if they follow what they have done on previous models)


Plug in your own Rent/electricity/labor/racks/wiring/switches/cabling and you will see why I think large farms are not being built out at this price level.




It may be the latest HW, but S5 is cheaper and more efficient. Especially if you have power supplies from previous gens. And it can be downclocked to stay relevant when next gen hits the market.