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
This might be a cheap shot but if you don't know how to place your decimal point for 5 cents then you are not good at calculating. $0.05 = 5 cents. you wrote $.5 which is 50 cents lol