Glad to be of help, and now you could help me out also and edit the title by adding "Guess not!" after the ?.
Well if I'm a miner too I will also shut down my rigs, why?
Let's say you pay for electricity as well as the equipment for $1000 and you're going to sell the Bitcoin you've mined just for 300$.
Let's say you pay for electricity as well as the equipment for $1000 and you're going to sell the Bitcoin you've mined just for 300$.
No offense but the reason you're not a miner is because you pull numbers out of you know what:).
Here is a mining calculator, play a with it before posting something like this again.
Ps. the electricity price is set by default at 13c/ kwh, you can change it at the bottom as no miner is working with those prices.
It would be interesting to see if there would be a significant increase in transaction cost.
Transaction cost has nothing to do with miners.
Indeed we are seeing bigger interval between blocks, at around 11.5 on average but the mempool is pretty empty and we still get half full blocks.
The only way it goes up is because of people panicking and rushing their coins around.
You probably heard wrong I guess..
Can you provide a valid link to this supposed information,maybe then we can start believing otherwise..
This is part of the manipulation plan in my opinion to spread panic in the bitcoin system,but as always we'll ignore such information as we're well used to it, and also used to how the bitcoin bounces back after a brief crash
Can you provide a valid link to this supposed information,maybe then we can start believing otherwise..
This is part of the manipulation plan in my opinion to spread panic in the bitcoin system,but as always we'll ignore such information as we're well used to it, and also used to how the bitcoin bounces back after a brief crash
This started the oh were doomed topic avalanche:
https://www.coindesk.com/600k-bitcoin-miners-shut-down-in-last-2-weeks-f2pool-founder-estimates
It was correctly mentioned that most means 51% and over.
Well yeah, some miners are shutting down their miners because currently even with free electricity mining isn't profitable. It happens because not everyone is able to handle loss, again big miners try to keep market. Don't blame me but still I think this price fall has to do something with mining, small players are going out of market and for example bitmain will have new and great antminers, they'll try to fill 1-2% loss and mine with better equipment and less difficulty. After that, price will rise.
Well yeah, some miners are shutting down their miners because currently even with free electricity mining isn't profitable. It happens because not everyone is able to handle loss, again big miners try to keep market. Don't blame me but still I think this price fall has to do something with mining, small players are going out of market and for example bitmain will have new and great antminers, they'll try to fill 1-2% loss and mine with better equipment and less difficulty. After that, price will rise.
Everything right except for the bolded part.
The s15 might be better at hashing but with the initial costs...it just sucks.