Post
Topic
Board Mining speculation
Re: It is 2020 time for a new diff thread.
by
mikeywith
on 16/07/2020, 15:26:24 UTC
for my worst-case scenario of insanity, we would need another 30 like them..

Yup 30 of them will differently turn the mining game upside down, but the real question is does Bitmain and other major mining gears manufacturer have the capalbity of supplying that huge number of mining gears? does TSMC have enough chips to sell? even if the answer was YES! on both questions, then time factor will take care of the problem since they can only make so many gears, also increase demand on products will take prices way to high which will make late commers reconsider their options PLUS the internal issue with bitmain (Zhan Vs Jihan) doesn't seem to be ending soon, all of those factors combined make me feel "bearish" ( I like the terms you used btw  Grin) on hashrate.

Quote
of a kWh (they used 3.5Ecents), then showed how many miners would be able to run while not losing money.

Many people including so called "professionals" work with the wrong numbers, it's hard for someone who live in EU or US to believe that there are hundernds if not thousands of megawatts worth of gears that run on FREE power.

So in short, you think that many investors are so stupid and hashrate will keep rising, I think that most people aren't stupid and hashrate will either stay flat or more likely drop slightly for months to come (given that BTC price doesn't make any considerable highs), since I am a miner myself - I am of course biased towards my thoughts and i hope you will be proven WRONG.  Grin