again this argument, i've posted many times that the diff is rising because there is a good profit for miners yet
here the math again for the millionth time, one s7 produce 0.016 a day = roughly 0.5 a month = around $200 a month
consumption is only $45 a month(1200w x 24 x 30) at 0.05 electricity(some mega farm run on 0.03...so even lower)
no you see 200 vs 45, plenty of profit yet, now factor in the halving, still 100 vs 45, plenty of profit ...yet, now double the diff(300B) still 50 vs 45(at 0.05 rate) or 50 vs 30(at 0.03 rate), plenty of profit...yet
Amph thank you for your arguments , i cant say you are wrong because you are not , but i dont believe that in a milion times that you wrote this argument noone argued back that there is not only antminers on the market,there is lots of miners wich consume much more elctricity than the antminers, miners that actually produced ROI for them owners , not like the antminers today that barely break even, or maybe dont.
I was a miner myself since the Jupiter of KNC
So even if the s7 mines bitcoin for 45$ / month and this is the case where you pay only 0.05 cents on elec.
Other miners out there dont cost 45$/month but more, and 0.05 is best case scenario for mining.
So if you start to take into consideration the other miners that are out there that 45$ is going to get bigger and bigger.
Thanks for your answer , I find it valid but incomplete .
I have a question for you , how many miners out of all , like a %, do you believe antminer s7 represents??
So What % of all hashing power currently on the network represents antminer s7?
I dont know the answer thats why im asking.