Quote from: rifleman74 on March 01, 2018, 08:59:23 PM

If you believe in BTC, mine on!

There's a reason why Bitmain is dumping s9's on the market....new stuff is incoming (and is probably mining already)

Not sure but that possibility does exist. I hope not.

Quote from: stompix on March 01, 2018, 09:15:39 PM

Quote from: Sandal_Hat on March 01, 2018, 07:56:04 PM

Looking at the current mining situation.
Sigh, I did not want to be correct about this Sad

Correct about what?
About this one below?

Quote from: Sandal_Hat on February 07, 2018, 05:33:57 AM

Man, I hate to be right on this. Mining is so dead now.

Weird that transactions are getting through so somebody is mining blocks and difficulty is going up..so it's quite the opposite.
Bitcoinity is showing a 7% increase for this period.. so no , not dead yet

Quote from: Sandal_Hat on February 07, 2018, 07:50:06 AM

Yep, and I mentioned that is the problem. Do not assume that price will go up 10 times in a year like it did last year....
Very unlikely this year. The major pop has occurred.

This major pop that has occurred....what was it again?

Really you sound just like those guys that were saying shale is dead, shale is bankrupt, shale industry debt will be the reason banks will enter another recession because of the huge sums accumulated, and so on. I suppose I don;t have to tell you nothing like that happened.

It is pretty dead. U can buy miners and get it delivered in 4 weeks now, not 3 months. U can get them at a discount on ebay or from asic manufacturers. They are not SOLD OUT now LOL. Hard to image those miner were going for 5-7k USD back then on ebay. If u wanna buy from bitmain, do PM me, i have good discount on coupons Cheesy

. Bitmain has been giving everyone tons of coupons.

Take a look here.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

Bitcoin difficulty is 0.3T in Jan 2017
It is 1.4T in mid Dec 2017
It is 2.8T in mid Feb 2018

In just 2 months from Dec 2017 to Feb 2018, difficulty doubled, increasing by 1.4T, which is more than the difficulty increase of 11 months from Jan 2017 to Dec 2017.
It is currently at 3.0T. Basically, the increase slowed because bitcoin price has not increased much but difficulty has increased alot. Profitability dropped greatly.

GPU mining is abit more profitable than bitcoin mining now. It used to be such that bitcoin mining made twice as much as GPU mining since GPU is safer and have far longer warranty of 2-5 years, not 6 months. Well, there are only 2 gpu manufacturers and thus no oversupply, unlike asics.

Fyi, I didnt say shale is dead. Shale lives but oil price is dead. Oil price used to be above 100 and it collapsed. It is now near 65 and that is ONLY due to OPEC (and Russia) cutting ALOT of supply. It was 28 bucks 2 years ago due to oversupply. If asic sales were limited, profit from mining will go up too.

So, current ASIC manufactures have the capacity to increase it by 0.7T per month if they could sell all their asics. The last thing needed is more asic manufacturers. In the past, asics sold when the breakeven was about 3-4 months. There are only 6 months warranty after all. Now, with the new 2.3k pricing, u are looking at say 9-10 months at current difficulty. With old pricing, it would still be about 7 months at current difficulty. Miners only have 6 months warranty and more importantly, this is not factoring in additional difficulty increases which can be alot higher now than last year. It has been alot more profitable to buy bitcoin rather than mine bitcoin and this trend will probably continue since difficulty can skyrocket so easily. I didnt even factor setup costs, rental costs or new more efficient miners making older miners earn less. At these numbers, unfortunately, there will be alot of new miners who dont break even. The older ones who mined in the better months should be fine.