Quote from: necro_nemesis on March 30, 2014, 11:53:34 PM

Quote from: finbad2 on March 30, 2014, 08:11:13 PM

frankly

at this point in time

the chumps that bought it to that monstrosity are holding the bag

I don't think it's that simple. Imagine your able to mine as inexpensively as anyone in the world through producing your own rigs at cost on other peoples money. Now also imagine you produce enough bitcoin to be able to control the price of BTC by selling it on the market. You not only can mine for less than anyone else but you can also drive the price down to where no one else wants to compete and tweak that price as you see fit to achieve your aim by selling or stockpiling BTC.

not to mention cooling is not an option there in the facebook data center area of the ice bank of Greenland or whatever...and you are getting thermal energy converted to elec at like 1 cent per kwh or some such..and as stated above you control all the mnfg from say KNC in units into your GH Hosting farm and thus get all equip at what it cost to make...(at least in KNC's case)

ie this is why i dumped my Neptune....hard to see how i could get more $$$ on mining with Neptune (by the time i got it) then just buying coin looking at the fact my main competition was probably the guy that sold me the unit!!!!!...KNC likely was told imho from their chip guys that no way 20mm could they get it out fast enough with difficulty rise to make a product and get it to the customer ..they could however make 28mm stuff for themselves and get a farm ..a very large farm...and mine themselves...seems to be working I heard they we're making like ....well can't remember but it was obscene amount of coin per day..

now that small miner physical miners are likely dead....we now will move on to "virtual miners' ............................me don't think that is gonna work to good.....duh

but yeah they can run coin way way down and still make a tidy sum imho (not to mention most of these farms were 'started' when coin was 1K usd or so....they will at least
complete whatever is in the pipeline out their in private GH farm stuff imho.this is all vendors of this type not just knc.....that will take like couple months..then if btc price is still low...you will see a big drop off of equip in my view...the big miners will slow or halt expansion (in knc's case they wanted to put up 3 giant farms..they likely will stall on last 2 if above correct) and the GPU guys or people running 60g singles from BFL or whatever will drop off the other end

of course no equip will be available to us....but hey....

at this point the miracle of "virtual mining" will be released .....i shudder in anticipation

Searing