We need a low cost miners that can hash in the the tera's... The S7 is great and all but it's so expensive.. I'm just a hobbyist miner but with the difficulty increasing all the time, it's starting to suck for us small guys
Actually some miners are already cheaper as higher BTC price. This causes the miners to be cheaper if you were holding onto BTC. So that is good if holding already, if you are not holding it has no effect.
But i have a feeling "low cost" will not meet where you want it to. If you want current gen miners you pay for it... and they hold value longer and you can even sell them one day when you go to get new. If your wanting "low cost" you really need to have lower electricity and then can look at used miners.
I know what you are going to say but why did it go up that high to start with, if they were selling them for around 3 to 500 per miner . that made no sense but did but my thought on the did doesn't all ways agree with others .
but one thought is they messed up there sells some how and got to far a head of them self and have to make it up some how or the other thing i won't go there .
I don't agree they had to they didn't have to . no one ever has to
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Look at how miners have evolved. I started in GPU day's. But think asics back to USB sticks... yes you could get them cheaper as they were very cheap to produce. Chances are we all overpaid quite a bit.
But look at miners now some are huge. I mean Avalon 6 and S7 are getting some big numbers on speed, and at good efficiency. So miners of today vs when asics started are very different.
On price each company I'm sure has it's own plan. But I still think what it mines is considered. If it's going to mine a lot more for then then selling... then using it themself sounds pretty good. To sell to another then need a quick profit to justify it vs long term of keeping it and mining it.
Honestly on last two paragraphs I'm not totally sure what your saying if you want to clarify.
my point is they didn't need to raise the price. why or what i mean really means nothing to any one etc !!! just some random thoughts, i had about how things go up and they don't need to .
. and maybe why they did . if you renumber one of there interviews about the S7 how they were still for Home miners , that went out the door with the S5 +, it was a test but not why they told us. sorry for what might seem like the rumbling of a mad man. there not .
I love mining but not for the money , it keeps me sane .The money is just candy that comes from doing it.
it actually started with CPU's , i renumber searching the web back when it all started and even had it running on a PC Cpu mining but saw no point then . the rest is history. A friend who is now dead also did it back then. wish i had listened.
Just me being old, pushing 60 now or close.