Very, very, very high price. Game over for home mining I guess.
+1
I think the price is too high but efficiency of the miner is good.
maybe 5 more years and no more home miners, only big commercial miners.
In 5 years will there be any more bitcoins to mine at the rate of technological advancement?
I think there will be, there's no other way but to go up.
It's just maybe the future of mining is not for home, ordinary people like us would use it as a commodity then mining or process of transaction will be all commercialize. (just my opinion, I maybe wrong)
But that defeats the original purpose of bitcoin. It was the centralized production and control of transactions that makes a fiat money supply an issue in the first place. The control of supply is only one side of the coin. Centralization leads to governments being able to dictate to those entities how the market is going to work. That's the problem with fiat money and Central Banks. Decentralization of the network is the only thing that keeps its integrity in check. Once it is centralized it is controlled by wherever that centralization is occurring. And you can damn sure bet where money and assets or human endeavors are involved, the people with guns (IE Government) are going to be right there with one at someone's head. This may be an issue for the 'market' to solve. And by solve I mean it simply de-capitalizes because it no longer trusts the network. Then when the mega entities are gone, the process starts over. Don't give a crap how 'efficient' this miner is, it won't live at $20 per bitcoin.