When the difficulty hits 50B at current tech & current avg watts, big players will start thinking about calling a world-wide truce. Hashrate will top out somewhere after 400PH and well before 700PH unless someone invents a quantum miner.....
Next gen ASIC is claimed to be 0.2w/GHs (SP). 700PH is entirely possible. To to mention i know some mega miners are expanding with 3 cents per KWh contract. They will keep expanding to get a bigger pie. Only idiots like OP keep using "bitcoin calculator" with wrong variable.
yeah thats right and when btc drops to 200 usd they go fully red and belly up.
I never said they won't expand I just say they will expand very slowly. The 10 % you see is the exception under 5 or 6 will be more common.
Sadly i think home miners will hurt worse then most big mining operations. I have winter that will help. Decent priced electric, with quite a bit open to expand still.
I agree it was unusual, but the previous 2 were very low. I think we will find a common ground between theGue 2's and 10's. What that is depends on how many operation go online. Guess we will find out in a week or so and have a good idea.
When the price declines far enough, the big mining operations will be the first to slow down/stop their expansion. I would say that at-home miners likely have higher electric costs then the big mining farms, however they also are less aware of the breakeven price that bitcoin needs to trade at in order for it to be worth it for them to continue to mine. As a result, the corporate miners will likely start to take their miners offline (and attempt to liquidate) their miners as the price of bitcoin approaches their breakeven point
Dumbest shit i've heard
You talk like the difference in electrical rate is marginal.
Home miners pay avg at $.10/KWh
Mega farms pay avg at $.5/kKWh.
Good luck with your wishing noob
yes but they pay to set the gear up wire the place cool the place.
coins dropped from 1150 to 310 even lower 289 a few weeks ago. we all know they (data centers) have a big edge. but 300-330 usd a coin is close to an edge/cliff for them that I don't face if I double my capacity.
If I go from 6 to 12 s-3's my cost for setup is $0 above my price for the s-3's
if a big farm goes from 1 to 2 ph yeah they get a good price on the s-3 better then me but they have to do setup and 1ph in s-3's = 2000 s-3's or 700 asic miner long tubes .
I have psu's paid for on hand they don't.
All easy for them to do these outlays when coins are 500 usd at 320 usd not easy. the coins drop to 200 from 320 and they die. me I am out 6 x 200 = 1200 bucks.
oh big farms don't pay .5 a kwatt they pay .04-.06 a kwatt.
but that is just the power not the wires the psu's the rent the cooling the salaries.
So I know where you are coining from. it is hard for the little guy to compete.
BTW you are amazing when it comes to the insults and rudeness you display from thread to thread. Have to hand it to you.