An Asic that consumes 7W/GHs still generates about 6 times the btc that it will cost to power it.
So there still a long way before you start mining at a loss. Long in BTC time of course
So there still a long way before you start mining at a loss. Long in BTC time of course
Well if asics were free that would make sense, but sense there is a relatively high cost to start mining with the asic you are at a loss until that cost is completely recouped. Regardless of btc value, because your trading your btc for the miner. Why is this so hard for people to understand? I guess if people did understand that easily the price would have fell a lot sooner
The miners they deployed made back the btc long long time ago.
And AM only pays the manufacturing costs, not the mentioned 3,5 BTC each blade.
The main problem is they can´t deploy more hashrate, because the total power consumption in
the datacenter is limited.
I'm not talking about they miners they deployed, yes AM has made profit mining, and now that profit is being eaten away.
I understand AM doesnt pay 3.5 BTC for a blade, I mean the consumer. The consumer will not make the btc back that they spend on the hardware. So as more people learn that less and less will sell, unless the price drops enough to change that fact and in that case AM will lose profit. In which case share price still falls. Until they get some new chips faster than anyone else they will not be bouncing back. Could be a year. Most people would rather just wait and buy back in when they see things looking up. There has to be incentive for most people. Some will hold because they feel it's the right thing to do to stand by the company. Some can't afford to take the loss.
When havelock releases the news they are shutting out US customers or shutting down the price will drop sharply again. When we have a better way to exchange securities and AM has a new chip that may be a good time to buy, but the price could be a lot cheaper to start than it is now
Blades are now for 2.75 and AM can go as low as 0.25, AFAIK.
No profit is being eaten away, all non-essential profit has been distributed as dividends, rest is being put forward to creation of 2nd and/or 3rd gen of chips/miners