Post
Topic
Board Mining (Altcoins)
Re: Bitmain Antminer X3 -- 220KH+ Cryponight - 550W
by
Mark Baum
on 18/03/2018, 13:33:48 UTC
Seems like everyone is missing the point entirely. This macro situation in Crypto Mining is, that it's on it's death bed. People clamoring for "competition to Bitmain " are getting their wish. One needs to look closely at what happened in the X11 network, and extrapolate that out to all Algos. D3 was and is the Harbinger of where mining profits are going. There are NO barriers to mining to speak of and MASSIVE corporations are setting up MASSIVE operations all over the world. Hence, prices are going DOWN on Crypto and difficulties are going UP. This is only the beginning of the end. No, BTC is not going up again until full implementation of lightning network. Right now there is very little "use case" for BTC. Maybe enough to support $1200 BTC but NOT $7000. Enjoy it while you can, because I promise you. There is a MAJOR SHAKEOUT coming in ALL THINGS mining. This thing got waaaay ahead of itself and there are far too many stunned morons running massive mining operations. I've never made a single wrong prediction in this space and I'm not about to start now. Within 6 months to 1 year, it will be Game, Set, Match. ( unless lightning network comes online and allows this thing to scale). Blame whoever you want but truth be told, if Bitmain didn't flood the networks, someone else would have.