Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
I filled some numbers into mining calculator and it's true that current ASICminer TUBE with gen3 chips will become obsolete in just one month from now? Do we have like 60Ph of these ? ? ?
Oh, you filled in some numbers on a mining calculator did you? What number did you use for the price of the miners? Let me take a quick guess - the retail price? What number did you use for power costs? 0.15 $/kWh?
Now, can you tell me the problem with that scenario?
Price of miners : 100$
Power costs : lower end what Friedcat said, so 0.12 $/kWh
delivery cost : 0$
setup cost : 0$
maintain cost : 10$/month
diff rise : 10%
and still you are unable to even break-even that 100bucks, retail price is four times more, any more questions?
go ahead : https://bitcoinwisdom.com/bitcoin/calculator
Now go ahead and change the bitcoin price from sub $400 to $500 and the difficulty increase to 5%. Oh look, Tubes break after after 34 days. Cool!
The point I was making was that you don't have the necessary information to make such concrete declarations and you never will. There are just too many variables to consider.
Also, FC didn't say that current power costs are 0.12 $/kWh.
16) Previously our Asicminer farm was mining bitcoins and distributing a weekly dividend, will Asicminer update its present hash rate in the mining farms to account for current difficulty changes and to procure a secondary supply of Bitcoins to adapt for rapid changes in Bitcoin prices?
Yes. But that should be when we replace the farm with BE200 based devices, otherwise it is no point considering the 0.12-0.15$/kwh electricity price we get for our old farms.That's just the electricity price they were getting for their old farms. Says nothing about the new farms. Then we have this:
Update
1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.
1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.