Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3
I'm convinced the people here "worrying" about difficulty levels rising and "suggesting" people do anything OTHER than order a D3 are just fudding and in reality want all the D3's for themselves. Right now, these units have a 9 day ROI. even if earnings drop 4x you're still looking at ROI under 1 single month. Yes customs and bitmain website and order process are huge pains in the ass, but if you can get through it you're gonna do very well. don't listen to the people crowing about difficulty. When difficulty goes up, generally the value of the underlying coin goes up - JUST LIKE DASH IS EXPERIENCING RIGHT NOW. even though difficulty goes up, profitability does not proportionally decline.
anyway i got 14.
by the way, if you're serious about mining, you need to check out the gigawatt white paper and the WTT token.
anyway i got 14.
by the way, if you're serious about mining, you need to check out the gigawatt white paper and the WTT token.
I'd say that yes, generally diff increase and price increase go hand in hand. But if you look at Dash value chart next to Dash diff chart... that does not appear to be the case here, the ratios are not the same, they're very different. I think anyone expecting Dash to go up 5x-10x in value just because diff went up 5x-10x over the next few months is going to be in for a nasty surprise. It'll go up, but not as much as diff.
May 24, 2017
Dash Difficulty = 154k
Dash Value (USD) = $142
Aug 22, 2017
Dash Difficult = 1128k (730% of May 24 level)
Dash Value (USD) = $290 (204% of May 24 price)
Value does not go up as fast as difficulty.
Maybe you get more Dash when diff goes up per mined block? I don't know. But if the block reward stays consistent, and the gains have to be made by appreciation, what I'm seeing says Dash value will not go up anywhere near as much as Dash diff.
I wish everyone the best of luck with their D3's and similar next-gen Dash miners... but I think it's not going to be as amazing as people think. Better be ready to hold that Dash a while.
Correlation does not imply causation. In this case, you're reversing the causation. Difficulty chases profitability (price), not the other way around. Whenever I hear someone say they think the price will go up because the difficulty is going up, it makes me wonder if they also believe that windmills create wind. After all, the faster windmills spin, the faster the wind seems to get.
It seems more likely that the recent price increase is linked to the 40,000+ people who didn't know much about Dash and started researching while contemplating a D3 purchase - only to realize that there's quite a bit of potential for this coin. I know that happened to me and I purchased some Dash in response. There are tens of thousands of people who probably never heard of Dash that suddenly saw a new product from Bitmain and started looking into it.
i get what you're saying, but using your analogy - if it became much more expensive/difficult for the windmills to create wind energy, then it seems natural that the wind energy would then become more expensive. If it's more expensive to produce a product, then it seems the product would become more expensive to purchase. whatcha think?