Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
I find this argument thoughtless. Those of us who don't own our own homes are often prohibited from making these kinds of modifications.
Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.
This is a little pushy .. next time, if you're a miner, you should own a boat too, have 5 kids and live in a mansion, if one can find a good enough reason. Three years ago you'd find ONLY geeky guys with their GPUs/CPUs in the landscape. Now we jumped to data-center grade stuff, and I don't see the need to own a house yet just for "being a miner".Indeed. Mining has become a toff sport now. Its by and large lost it roots, and this loss will be the eventual death of the bitcoin ecosystem as it gets swallowed up by the fiat system.
bitcoin never expected to be played with GPUs forever. the evolution to efficienct hardware and the creation of semi-centralized mining clusters was always a known eventuality and a healthy part of the growth. Its no different then when satoshi was mining 30% of all blocks at the beginning or when people had garages with 50+ GPUs running only a year or two back.
The SP30 design is ideal for this expansion, but you are right that mining profits are getting tighter recently. Before long a shift in bitcoin price will be required in order to offset the growing operation costs to produce a bitcoin