So you really believe the network will be 14 PH in Dec, 30 PH in Jan, 80 PH in Feb, and 160 PH in Mar?
Just to pick this up again. History showed that the sentiment re difficulty predictions were mostly too pessimistic ("Oh noez, all those Avalon chips will kill mining!") and even your probably very accurate
estimates of ASIC pre-orders (
old picture) was too high.
But I still do believe that the current trend goes on and we probably even didn't reach the maximal point of acceleration.
- BTC is trending further and still very, very far away from being "mainstream".
- Rising BTC/fiat rates counter electricity costs.
- The current mining hardware situation is way better than last year (BitFury and KnC delievered, HF is a legit company etc.), but one of the first questions after a new company steps in is still: "Is this scam? Are they able to deliver on time?"
I furthermore believe that Bitcoin/Bitcoin mining will yield breakthroughs and innovations in related areas as by-product, for example more efficient cooling solutions.
And at last: the effects of a fictive, critical "end game" scenario of "every miner on earth is unprofitable" are delayed and reaching this point will probably not "end unprofitable mining".
Edit:
3)When I purchased my miner (August 8th), there was nothing on the TOS about the Miners being shipped by the December 31st (which was added on August 15th). (...)
Update from hashfast;
- (...)
- The case for refunds for customers who purchased miners before August 15th is being reviewed.
