Quote from: stompix on February 10, 2018, 04:21:02 PM

Quote from: Sandal_Hat on February 10, 2018, 06:45:33 AM

Dude, I never tried to hide. I wrote in other topics also that I am mining. Thank god I have alot more S9 and L3s lol and I bought all my S9s at the lower 1.4-1.6k price and I have been mining for awhile in the better months.

Every miner gives a damn actually. And that includes new-wannabe-miners such as yourself. Nobody would want a miner that cant break even especially when the ROI looked so good just before u make that purchase. It is better u dont waste your money. Unfortunately, for those who ordered miners 2 months ago where mining profits are at an all time high, some may not break even if their machine breaks just after the 6month warranty period.

If btc is built on POS, I would have more btc and no miners lol. No point comparing 2017 because bitcoin price mooned 15-20x in 2017. That is unlikely to happen this year and impossible to happen yearly....mkt cap would be insane then. If price goes to 100, everyone loses. More manufacturers wont be good, that would mean difficulty jumping more every 2 months because more miners arrive. Samsung will probably lose money when they come in here unless there is major increase in btc price suddenly. But this sort of venture is a small loss to them and they can take it.

Btw, free market is silly here. And even YOUR OWN USA laws has catch limits on fishing because there is only so much that can be earned from fishing and overfishing kills all profits pretty quickly. Same for mining, there is only so much to be earned. The only difference is the lead time before shit-hits-the-fan is longer in fishing than mining. Same for OPEC where they need to cut/increase production in advance because new production takes like a year to come online. U dont want oil to go up and down by 100 dollars per barrel a year lol...and throw things into chaos. Thus, people plan in advance.

Are you actually comparing bitcoin mining to fishing?
Seriously? I'm taking back my words on you not being one of those r people.

Fishing limits are put in place because if we fish too much there will be no fish left next year.
What is the parallel with bitcoin? If the hash rate goes 10 times this year there will be no bitcoins next year?
Seriously? Huh

Oh, and by the way, it's not my own USA , I'm not american and I don't know how you've come to this idea.

Secondary, oil was at 100 barrels when OPEC had the power.
It went down when the shale gas broke their market share, low gas price are because there are more producers.
Some twisted logic you have here..you're living a twisted dream rolled in nightmares here.

I don't know how to explain you as I've tried 100 times till now with no effect.
There is no rule here all the miners should make a profit or even ROI.
And there shouldn't be one!!!!!

Free market! One of the reasons bitcoin exists, one of the things it represents..and you try to smash it.

Omg , it is not about fishing or mining. It is the concept of how oversupply destroys everything.....
If u allow overfishing, there will still be fish next year, but just so little fish that no fisherman can make a profit or breakeven on it. U dont overfish, so, there will be profit for the fisherman each year.
Similarly to bitcoin, we should not over-deploy miners, so there will be a reasonable profit next month and a possible breakeven for the machine going forward. There is limited amount to earn from mining or fishing, so, dont overdo it, or no one wins.
An example - watch dirty money episode about maple syrup on netflix. Their maple syrup industry only stopped making losses after they controlled supply. It is not just maple syrup, fishing and oil. There are all sorts of federations/organizations that prevent oversupply for alot of things that u do not know about lol. Oil projects take a year to produce any oil. If they dont plan it properly, u gonna see oil prices up and down 150-200 dollars yearly due to supplies going up and down erratically...

Such things are still considered free markets, juz smarter. Sure, there is no such rule but it could be bad and alot of unnecessary losses for new miners/manufacturers going forward. It is stupid to waste time/money/electricity when it can be avoided. There are tons of warnings on ICOs because people can lose their money. Mining is more expensive but they are no warnings on those. News sources even sensationalize it lol...And when things go wrong, alot will say that mining is a scam, like the the D3 thread lol.

It reminds me of the Baltic dry index. The index measures the freight rate or bulk carriers ships.

At its height, tons of investors bought new ships expecting a HUGE return....as seen on the index.
Ships take 2-3 years to be manufactured and delivered.
So, when the ships are delivered, there were just too MANY of them and thus, the index (freight rate) dropped greatly due to oversupply. The 2009 recession helped some too.
But, even after dry bulk trade volume and other sectors recovered from the crisis, the dry bulk index remained very low, even today, due to oversupply.
The index has remained at that collapsed rate for the last decade. Yep, decade, partly because ships are built to last 20-25 years lol.
End result is the shippers (miners) and shipyards (asic miners) made huge losses and many went bankrupt lol. Also, there were huge job losses and waste of fuel by vessels idling around. No one wins!!
A decade of such isnt a normal or smart thing. Hmmm I wonder if this will occur here.

I support free markets too but it is best to have some kinda understanding and co-op in such markets.