ASICs selloff | Bitcointalksearch.org

NEO2012

full member

Activity: 162

Merit: 100

Quote from: szuetam on February 12, 2013, 03:55:58 AM

Do you think that if to many ASICs will hit the market and average it will refund itself after 4 years of constant mining, it will cause ASICs price drop down?
I think it is possible:
If there would be So many ASICs sold that difficulty will increase 200x then:
650$ cost BFL ASIC will give just 17$ per month so 38 months to refund tool, if you want add electricity and financial cost.
In this case I think that lots of ppl will think: "If I have to wait 4 years to start earning, I'll cash ASICs now and quit (like pope now:)) .
Then they will have to sell ASICs cheaper

ehh how edge profitably mining is nowadays

there is 1000th sold already

so im not sure wat u askin

at 1000th u will make 2 btc a day with a 30k minirig

ofcourse thats till nwtwork grows to 1200 1500 2000 etc:)

Luno

sr. member

Activity: 504

Merit: 250

Competition between manufacturers of ASIC miners will lower prices. If you can't cover your costs on developing expensive ASIC chips, you owe a lot of money!

Diminishing returns and increasing difficulty For GPU's and FPGA's did not lower the price by the same amount .
FPGA's are more expensive now used, compared to their return, than they were when new.

People sell their rig when they have ordered something better.

superfastkyle

sr. member

Activity: 437

Merit: 250

Quote from: Korbman on February 12, 2013, 09:20:20 AM

Short answer: Yes
Long answer: The average miner doesn't like waiting longer than 6 months for a return. Either the price per BTC increases to compensate (or people stop mining and the difficulty decreases), or people just sell off their equipment for a quick buck.

fixed that for you, an asic maybe worth nothing after a year a gpu will be worth something. so a miner will not wait a year for roi

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: szuetam on February 12, 2013, 03:55:58 AM

Do you think that if to many ASICs will hit the market and average it will refund itself after 4 years of constant mining, it will cause ASICs price drop down?

Short answer: Yes
Long answer: The average miner doesn't like waiting longer than 12 months for a return. Either the price per BTC increases to compensate (or people stop mining and the difficulty decreases), or people just sell off their equipment for a quick buck.

szuetam

sr. member

Activity: 377

Merit: 253

Do you think that if to many ASICs will hit the market and average it will refund itself after 4 years of constant mining, it will cause ASICs price drop down?
I think it is possible:
If there would be So many ASICs sold that difficulty will increase 200x then:
650$ cost BFL ASIC will give just 17$ per month so 38 months to refund tool, if you want add electricity and financial cost.
In this case I think that lots of ppl will think: "If I have to wait 4 years to start earning, I'll cash ASICs now and quit (like pope now:)) .
Then they will have to sell ASICs cheaper

ehh how edge profitably mining is nowadays

Topic: ASICs selloff (Read 2516 times)