Post
Topic
Board Hardware
Re: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order
by
philipma1957
on 18/02/2018, 20:00:50 UTC
I read the article. And it's 13% per month difficulty is way off. The article stated difficulty doubling every 5-6 months. But in actuality, it more than doubled in under 3 months! I used the mining calculators in the last week of Nov. 2017. I took a snapshot of how much bitcoin an S9 makes and it was only 0.92 bitcoin back then. Today an S9 only makes 0.43 bitcoins. Regardless of the price of bitcoin, that's more than a 50% drop in under 3 months. If this continues an S9 won't make much bitcoins, but it can still be profitable if the price of bitcoin moves up exponentially. If the price stagnates, you can forget about making a profit even with so called "free electricity". If difficulty continues to shoot up exponentially, bitcoin mining will go the way of dash mining! So all cryptos designed this way will become unprofitable to mine eventually, once difficulty gets high enough.


Yeah 

price rise > diff rise s-9 is great
price rise = diff rise  s-9  is good
price rise < diff rise  s-9 is bad

the   ratio varies

diff rise  for 2017  336,899,000,000 to 1,931,136,000,000 = 5.73 to 1
diff rise for 2016   113,354,000,000 to    336,899,000,000    = 2.97 to 1
diff rise for 2015     43,971,000,000 to    113,354,000,000   = 2.57 to 1
diff rise for 2014      1,418,000,000 to       43,971,000,000   = 31.00 to 1   damn
diff rise for 2013            3,249,000  to        1,418,000,000   = 436.44 to 1  damn
diff rise for 2012
diff rise for 2011
diff rise for 2010
diff rise for 2009