Can the big guys cover the bills at the next halving? Payroll, taxes, facility up keep, Security?
If there is talk of them making money at $70, then I would say yes.
M
If things stay the same I'm screwed and need to find another hobby.
Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 152. (Read 1260226 times)
February 19, 2015, 09:45:11 PM
If there is talk of them making money at $70, then I would say yes.
M
If things stay the same I'm screwed and need to find another hobby.
February 19, 2015, 09:42:21 PM
Can the big guys cover the bills at the next halving? Payroll, taxes, facility up keep, Security?
If there is talk of them making money at $70, then I would say yes.
M
February 19, 2015, 08:44:59 PM
Even more powerful. Bitfurys new Georgia mine. Also surprising is they estimate 40% of all bitcoins mined are using their chips. I guess their new venture into immersion technology will give them another leg up.
I was thinking about this today. I was around when the first great halving occurred. Now, like most small miners, I'm barely scraping by. If things don't change drastically, the next great halving will drive me out.
M
Can the big guys cover the bills at the next halving? Payroll, taxes, facility up keep, Security?
February 19, 2015, 08:32:20 PM
The whole design of p2pool is not efficient for large scale farms due to the frequent work restarts. While this could be improved by rewriting it in C this is not really a viable end solution for decentralization.
Yes, a rewrite means a redesign. The existing design is fatally flawed.
M
February 19, 2015, 08:29:37 PM
centralization incoming 
If only everyone used p2pool.......
If everyone did, the share difficulty would be through the roof. 2,222,770,798 if I understand it right..
p2pool is not the answer.
a rewrite perhaps. but not in its current incarnation.
M
A rewrite is the only answer
C coders apply within.
No one codes C any more 
Performance critical software is written in C such as cgminer and pool software like ckpool. February 19, 2015, 08:00:27 PM
Even more powerful. Bitfurys new Georgia mine. Also surprising is they estimate 40% of all bitcoins mined are using their chips. I guess their new venture into immersion technology will give them another leg up.
I was thinking about this today. I was around when the first great halving occurred. Now, like most small miners, I'm barely scraping by. If things don't change drastically, the next great halving will drive me out.
M
February 19, 2015, 07:51:22 PM
Even more powerful. Bitfurys new Georgia mine. Also surprising is they estimate 40% of all bitcoins mined are using their chips. I guess their new venture into immersion technology will give them another leg up.
February 19, 2015, 07:48:59 PM
No one codes C any more
February 19, 2015, 07:46:07 PM
February 19, 2015, 07:32:49 PM
February 19, 2015, 07:22:47 PM
February 19, 2015, 06:57:46 PM
centralization incoming
If only everyone used p2pool.......
If everyone did, the share difficulty would be through the roof. 2,222,770,798 if I understand it right..
p2pool is not the answer.
a rewrite perhaps. but not in its current incarnation.
M
A rewrite is the only answer
C coders apply within.
February 19, 2015, 06:47:39 PM
centralization incoming
If only everyone used p2pool.......
If everyone did, the share difficulty would be through the roof. 2,222,770,798 if I understand it right..
p2pool is not the answer.
a rewrite perhaps. but not in its current incarnation.
M
February 19, 2015, 06:33:21 PM
here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
70$ ?
With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others?
Are you sure?
well power is 3.8 cents so I may be just a bit off. but lets do 3.8 cents and .3 watts a gh at
70 bucks and diff of 94 vs 44
they turn a profit over operating costs
and go under op costs at diff of 129
but if they add 100ph in 2 weeks or so diff will not be 94 it will be 55.
and they do not go bad until the price drops out to 70 and diff of 129.
maybe i don't get something, but don't they already have a large market share?
would you rather have 30-40% market share with bitcoin at 240 vs, say, 60% with bitcoin at $70.
i just don't see the benefit for them.
re 3rd gen-I hope spondoolies does something interesting, but vibes from the main Guy here suggests otherwise, unless he is a poker player
. February 19, 2015, 06:32:43 PM
The biggest problem for small/home miners is access to technology. The cheaper power by the largest manufacturers/self miners are somewhat offset by the Asic research, design, and development, rent, and operational/maintenance costs.
February 19, 2015, 06:21:50 PM
The home miner can still survive if we have a cheap gears with more efficiency on retails markets.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
The home miner can indeed survive, no centralized organization can challenge the power of the people together in consensus. Thank you spondoolies for continuing to pursue this plan. I think we can be victorious in the struggle to keep Bitcoin decentralized.
ST - I'm sure there are still retail customers interested in your 3rd gen product, I know I am!
February 19, 2015, 04:23:36 PM
here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
70$ ?
With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others?
Are you sure?
well power is 3.8 cents so I may be just a bit off. but lets do 3.8 cents and .3 watts a gh at
70 bucks and diff of 94 vs 44
they turn a profit over operating costs
and go under op costs at diff of 129
but if they add 100ph in 2 weeks or so diff will not be 94 it will be 55.
and they do not go bad until the price drops out to 70 and diff of 129.
February 19, 2015, 04:14:06 PM
The home miner can still survive if we have a cheap gears with more efficiency on retails markets.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
The home miner can indeed survive, no centralized organization can challenge the power of the people together in consensus. Thank you spondoolies for continuing to pursue this plan. I think we can be victorious in the struggle to keep Bitcoin decentralized.
February 19, 2015, 03:55:41 PM
here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
70$ ?
With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others?
Are you sure?
February 19, 2015, 03:42:06 PM
The home miner can still survive if we have a cheap gears with more efficiency on retails markets.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
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