since bitmain opened the last batch it hasnt sold out... either they have hat production by a lot, or there is some backroom information that the big companies arent buying any letting the small ones take the hit, considering there are news about smaller artichips and samsung coming to the game and a lot of people with big farms selling all their S9's; brings me some fear (since i got a order open for march) that they are either coming with a new miner or some other big news is coming out, anyone else with these thoughts ?
I just signed up to post this here. I think the math doesn't add up anymore for 16nm chips. Unless you are doing liquid cooling and even that is almost breakeven.
https://medium.com/@sisa83/bitcoin-mining-heading-towards-a-cliff-354961c73c26Wow, interesting article that mathematically proves bitcoin mining to be useless already (or in the very near times to come). It will be interesting to hear the other guys comments here.
If you believe that article mathematically proves bitcoin mining to be useless right now you do not understand what a math proof is.
Trust me the article shows a possible outcome that may be true or may be false. No more or less then that.
It based all calculation on a 10k btc.
And we are now over 11 k.
So it is already wrong.
Of course in the morning price may be 12k
Or 9 k
Or back to 10k
It also assumes 13% will continue well it may or may not .
But if we stay at 10 k price with 13% diff per month we will bust.That could happen. That is possible. But the closer we get to busting out. Growth will go flat.
I can run 13kwatts 24/7/365 in a 1.2 acre solar array that has been paid off.
Yes I would earn less btc if diff goes up up and away but if I want I can use gpus and mine other coins.
I am not the only miner with gear and miners paid off.