Quote from: richardsNY on January 30, 2018, 08:10:33 PM

Quote from: Sandal_Hat on January 30, 2018, 06:00:08 PM

This is insane. There is too much mining difficulty already. This would make mining difficulty rise further...it is plain stupid.
Samsung can make huge losses here.

Your post doesn't really make sense. Samsung gets involved in this market because of how much potential there is. If we look at how much demand there is for proper mining gear, and that on a very large scale, it's more than lucrative for Samsung to enter this market. If they manage to offer their miners for a lower sale price, they'll probably start messing with Bitmain's market big time. Don't think anyone here will lose sleep over Bitmain losing its iron grip on this element of the industry. More entities being able to buy cheaper mining gear means a much stronger network in the long run, which of course will drive up the difficulty even further, but that's not a problem. Increasing difficulty means increasing demand, and if the price keeps growing as well, then everyone remains happy.

My post makes alot of sense. I think u just dislike bitmain too much.

Dude, last year, Bitcoin price went up from 800 usd to 20,000 usd to now about 10k+ usd. That is a price increase of 12-20x or so.
Did mining get 12-20x MORE profitable?
No, it didnt.
Why?
Because bitmain and other manufacturers push out so much equipment to push difficulty far far higher....

Now, wat do u think will happen when more manufacturers add to even MORE mining equipment and BIGGER difficulty increase??
Bitcoin price will need to go up 12-20x again...same as last year... to keep mining profitability sort of the same.

I dont see bitcoin rising to 120,000- 200,000 usd this year. It has stagnated for a month as it is.......
We can have a case where mining does not make money but selling miners makes money.