Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is scary:
Antminer s9
13.th/s
1300w
time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =
only 327.25USD power cost to generate one BTC!!!!
Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.
Hashrate has no time to correct this, price will.
Antminer s9
13.th/s
1300w
time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =
only 327.25USD power cost to generate one BTC!!!!
Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.
Hashrate has no time to correct this, price will.
you forget the price of the asic that is 1355 usd... and in 175 days hashrate will be way more than now so mining is still balanced.
i think price will keep going up with hashrate till infinite
