⭐ Merited by danieleither (2)
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
) 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.
A lot of people don't understand that the guy that purchased 1 megawatt for 3 years and prepaid all the power is common all over the USA.
Our warehouse has a 3 year power contract for 1 megawatt . It is paid off. He lost a major freezer user that used 3 walk-in freezers year round.
This gave him 200 kwatts 24/7/365 for 29 months paid for not in use. This happens a lot all over the USA.
People paid the power and now don't have a user for it.
Sure 200 kwatts 24/7/365 is a drop in the bucket.
it can run 2ph of s9's. since it is 'free' power this guy can run s9's and earn 2000 x 0.00000725 = 0.0145 a day or 133usd a day. it seems small but a lot of people can do this.
If you look at a pay out sheet for viabtc if they make 900 payments in 1 transaction 800 of them are guys in the 0.01 to 0.1
or 1.4 ph to 14ph size. I estimate there are 2,000 farms like this
say 1ph to 20ph on 'free' power
that is 2eh to 40eh of people that can turn a profit on an s9
And they slowly swap out to better gear
we are now at 1.7ph. almost all gear is 37 to 50 watts a th
The big investors can not win out over these miners very likely they will bust out and feed into the core of miners I am describing.
I have now seen the s17 pro used as low as 990 usd plus 60 to ship it or 1050.
So I still go with the large diff drop like what happened oct 2018 to may 2019 or a big price jump.
I am guessing stompix is wrong with his 9200 price and 25-27 t diff
But I have made mistakes maybe he is correct.