Re: ANN: BITMAIN has Tested Its 28nm Bitcoin Mining Chip BM1382
I'm also a bit afraid of the massive 20+% diff jump plus government auctioning 30,000 BTC. For some reason it doesn't feel like the right moment to get in.
Agreed 100%. Gonna be a crazy time for mining the next few months! 1 TH get's you .037 per day today. After the next difficulty adjustment, I cannot imagine what that will fall to!
Best of luck to all!
30,000 BTC isn't much, eg okcoin traded over 57,000 in the past 24hours, also the auction is hardly going to be a dump.
The return on mining will reduce until it's negative for all those who overclock or have expensive electricity. To make an S3 pay for itself, it would need to be priced around 0.75BTC or less. That's going by the mining calc on https://tradeblock.com/mining/