dude this won't last forever!
let me put it in a different way:
you release a coin that can be sold for about $600 and then ensure that the difficulty won't change for a specific amount of time and during that time it will remain low.
now imagine a miner who can find 10 blocks out of 144 blocks in a day.
this miner with the same power can find 100 blocks out of 1000 blocks in a day on that alternative chain.
10 * 12.5 * $4000 = $500,000
100 * 12.5 * $600 = $750,000
as soon as the difficulty is adjusted according to the current hashrate it will change back to the following reality:
10 * 12.5 * $4000 = $500,000
10 * 12.5 * $600 = $75,000
and when the price of BCH fell more it will be a new reality:
10 * 12.5 * $4000 = $500,000
10 * 12.5 * $300 = $37,500
Topic: AMD Bitcoin GPU's might be profitable if BTC miners continue sabotaging BTC (Read 268 times)
August 22, 2017, 12:51:12 PM
August 22, 2017, 12:42:49 PM
AMD Bitcoin mining cards are out, the RX 470 mining edition and users are showing that it is not a major improvement over the standard RX 470 card. Same with Nvidia which has already produced the GP 106 mining card , a card based on 1060 6Gb. However many people who may not have enough money to buy a S9 antminer will switch to mining with 2 or 3 of these cards.
Gpu profitability is going down not daily but hourly now and the more people come in the more the difficulty increases. So Gpu mining may end well before than we think.
Gpu profitability is going down not daily but hourly now and the more people come in the more the difficulty increases. So Gpu mining may end well before than we think.
August 22, 2017, 12:34:11 PM
Except you will be mining an altcoin soon, not Bitcoin. That will be Bitcoin Cash.
August 22, 2017, 12:03:21 PM
So Bitcoin miners has once again found a way to sabotage Bitcoin. {Moving their hashing power away from BTC mining}
If this continues and the difficulty comes down low enough, AMD's Bitcoin mining GPU's might just be profitable after all.
https://www.engadget.com/2017/06/27/nvidia-and-amd-currency-mining-cards/
These miners think they can shift their weight and nobody will replace them in the future... guess again.
http://www.zerohedge.com/news/2017-08-08/russia-launches-100-million-bitcoin-mining-operation
If this continues and the difficulty comes down low enough, AMD's Bitcoin mining GPU's might just be profitable after all.
https://www.engadget.com/2017/06/27/nvidia-and-amd-currency-mining-cards/
These miners think they can shift their weight and nobody will replace them in the future... guess again.
http://www.zerohedge.com/news/2017-08-08/russia-launches-100-million-bitcoin-mining-operation
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